{"id":"F2023L00726","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 87 of 2023","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2023","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":104469,"registerId":"commonwealth-F2023L00726-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard GRS 320.0.G","sectionType":"part","heading":"Reporting Standard GRS 320.0.G","content":"## ![Commonwealth Coat of Arms of Australia](image.001.png)\n\n# Reporting Standard GRS 320.0.G\n\n# Liability Roll Forwards\n\n### Objective of this Reporting Standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to a Level 2 insurance group’s reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts.\n\nIt includes associated specific instructions and must be read in conjunction with Reporting Standard GRS 001 Reporting Requirements (GRS 001), including the general instruction guide.\n\n#### Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n#### Purpose\n\n2. The information reported to APRA under this Reporting Standard is used by APRA for the purpose of prudential supervision including assessing compliance with the capital standards.\n\n#### Application and commencement\n\n3. This Reporting Standard applies to a parent entity of a Level 2 insurance group as defined in Prudential Standard GPS 001 Definitions (GPS 001). This reporting standard does not apply if the Level 2 insurance group is not required to prepare general purpose financial statements in accordance with AASB 17 Insurance Contracts. This Reporting Standard applies for reporting periods ending on or after 1 January 2025. The parent entity of a Level 2 group is required to ensure that each requirement in this Reporting Standard is complied with.\n\n#### Information required\n\n4. The parent entity of a Level 2 insurance group must provide APRA with the information required by this Reporting Standard in respect of the Level 2 insurance group for each reporting period.\n\n#### Method of submission\n\n5. The information required by this Reporting Standard must be given to APRA:\n\n    (a) in electronic format using an electronic method available on APRA’s website; or\n    (b) by a method notified by APRA prior to submission.\n\n#### Reporting periods and due dates\n\n6. Subject to paragraph 7, the parent entity of a Level 2 insurance group must provide the information required by this Reporting Standard:\n\n(a) in respect of the first half year based on the financial year of the Level 2 insurance group on an unaudited basis; and\n\n(b) in respect of each financial year of the Level 2 insurance group on an audited basis.\n\n    Note: The annual information required by paragraphs 4, 5 and 6(b), together with certain annual information required by other reporting standards, will form part of the Level 2 insurance group’s annual accounts within the meaning of GPS 001. Prudential Standard GPS 310 Audit and Related Matters contains the relevant provisions governing audits.\n\n7. If, having regard to the particular circumstances of a Level 2 insurance group, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by subparagraph 6(a) or 6(b), APRA may, by notice in writing to the parent entity, change the reporting periods, or specify reporting periods, for the particular Level 2 insurance group.\n\n8. The information required by this Reporting Standard in respect of a Level 2 insurance group must be provided to APRA:\n\n(a) in the case of half yearly information, within three months after the end of the reporting period to which the information relates;\n\n(b) in the case of annual information, within three months after the end of the reporting period to which the information relates; or\n\n(c) in the case of information provided in accordance with paragraph 7, within the time specified by notice in writing.\n\nNote: GPS 310 requires a Level 2 insurance group to ensure that its Group Auditor conducts a limited assurance review of the group’s annual accounts. Accordingly, the Group Auditor’s report(s) as required by GPS 310 (relating to the information required by paragraph 4) must be provided to APRA by the time specified in GRS 001 (unless an extension of time is granted under GRS 001).\n\n9. APRA may, in writing, grant the parent entity of a Level 2 insurance group an extension of a due date in paragraph 8, in which case the new due date will be the date on the notice of extension.\n\nNote: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, the parent entity of a Level 2 insurance group is nonetheless required to submit the information required no later than the due date.\n\n10. On the written application of the parent entity of a Level 2 insurance group, APRA may by notice in writing to the parent entity exclude the requirement under subparagraph 6(a) to provide half yearly information.\n\n#### Quality control\n\n11. The information provided by the parent entity of a Level 2 insurance group under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the Group Auditor of the Level 2 insurance group. This will require the Group Auditor to review and test the Level 2 insurance group’s systems, processes and controls designed to enable the group to report reliable financial information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the Group Auditor to form an opinion on the reliability and accuracy of data; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard GPS 310 Audit and Related Matters (GPS 310).\n\n12. All information provided by the parent entity of a Level 2 insurance group under this Reporting Standard must be subject to systems, processes and controls developed by the Level 2 insurance group for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the parent entity of the Level 2 insurance group to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.\n\n#### Authorisation\n\n13. When an officer, or agent, of a parent entity of a Level 2 insurance group provides the information required by this Reporting Standard using an electronic format the officer, or agent, must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n14. If the information required by this Reporting Standard is provided by an agent who submits the information on the parent entity of a Level 2 insurance group’s behalf, the parent entity of a Level 2 insurance group must:\n\n(a) obtain from the agent a copy of the completed information provided to APRA; and\n\n(b) retain the completed copy.\n\n15. An officer, or agent, of a parent entity of a Level 2 insurance group who submits the information under this Reporting Standard for, or on behalf of, the parent entity of a Level 2 insurance group must be authorised by either:\n\n(a) the Principal Executive Officer of the parent entity of the Level 2 insurance group; or\n\n(b) the Chief Financial Officer of the parent entity of the Level 2 insurance group.\n\n#### Variations\n\n16. APRA may, by written notice to the parent entity of a Level 2 insurance group, vary the reporting requirements of this Reporting Standard in relation to that Level 2 insurance group.\n\n#### Interpretation\n\n17. In this Reporting Standard:\n\n(a) unless the contrary intention appears, words and expressions have the meanings given to them in GPS 001; and\n\n    (b) the following definitions are applicable:\n\nAPRA-authorised reinsurer means an insurer carrying on reinsurance business. For the purposes of this definition, a Lloyd’s underwriter as defined under the Insurance Act is an APRA-authorised reinsurer if it carries on reinsurance business. The Australian Reinsurance Pool Corporation is also an APRA-authorised reinsurer for the purposes of this definition;\n\ncapital standards means the prudential standards which relate to capital adequacy as defined in GPS 001;\n\nChief Financial Officer means the chief financial officer of the parent entity of a Level 2 insurance group, by whatever name called;\n\nfinancial year means the financial year (within the meaning in the Corporations Act 2001) of the parent entity of a Level 2 insurance group;\n\nforeign insurer means a foreign general insurer within the meaning of the Insurance Act;\n\nNote: A reference to a ‘branch’ or ‘branch operation’ is a reference to the Australian operations of a foreign insurer.\n\ngeneral instruction guide refers to the general instruction guide set out in Attachment A of GRS 001;\n\nGroup Auditor has the meaning given in GPS 310;\n\nInsurance Act means the Insurance Act 1973;\n\ninsurer means a general insurer within the meaning of section 11 of the Insurance Act;\n\nNote: In this Reporting Standard, a reference to an ‘authorised insurer’, ‘authorised insurance entity’ or ‘licensed insurer’ is a reference to an insurer, and a reference to an ‘authorised reinsurance entity’ is a reference to an insurer whose business consists only of undertaking liability by way of reinsurance.\n\nnon-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;\n\nPrincipal Executive Officer means the current principal executive officer of the entity, by whatever name called, and whether or not he or she is a member of the governing board of the entity; and\n\nreporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.\n\n18. Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.","sortOrder":0},{"sectionNumber":"Liability Roll Forwards","sectionType":"part","heading":"Liability Roll Forwards","content":"## ![Commonwealth Coat of Arms of Australia](image.001.png)\n\n# Reporting Standard GRS 320.0.G\n\n# Liability Roll Forwards\n\n### Objective of this Reporting Standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to a Level 2 insurance group’s reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts.\n\nIt includes associated specific instructions and must be read in conjunction with Reporting Standard GRS 001 Reporting Requirements (GRS 001), including the general instruction guide.\n\n#### Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n#### Purpose\n\n2. The information reported to APRA under this Reporting Standard is used by APRA for the purpose of prudential supervision including assessing compliance with the capital standards.\n\n#### Application and commencement\n\n3. This Reporting Standard applies to a parent entity of a Level 2 insurance group as defined in Prudential Standard GPS 001 Definitions (GPS 001). This reporting standard does not apply if the Level 2 insurance group is not required to prepare general purpose financial statements in accordance with AASB 17 Insurance Contracts. This Reporting Standard applies for reporting periods ending on or after 1 January 2025. The parent entity of a Level 2 group is required to ensure that each requirement in this Reporting Standard is complied with.\n\n#### Information required\n\n4. The parent entity of a Level 2 insurance group must provide APRA with the information required by this Reporting Standard in respect of the Level 2 insurance group for each reporting period.\n\n#### Method of submission\n\n5. The information required by this Reporting Standard must be given to APRA:\n\n    (a) in electronic format using an electronic method available on APRA’s website; or\n    (b) by a method notified by APRA prior to submission.\n\n#### Reporting periods and due dates\n\n6. Subject to paragraph 7, the parent entity of a Level 2 insurance group must provide the information required by this Reporting Standard:\n\n(a) in respect of the first half year based on the financial year of the Level 2 insurance group on an unaudited basis; and\n\n(b) in respect of each financial year of the Level 2 insurance group on an audited basis.\n\n    Note: The annual information required by paragraphs 4, 5 and 6(b), together with certain annual information required by other reporting standards, will form part of the Level 2 insurance group’s annual accounts within the meaning of GPS 001. Prudential Standard GPS 310 Audit and Related Matters contains the relevant provisions governing audits.\n\n7. If, having regard to the particular circumstances of a Level 2 insurance group, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by subparagraph 6(a) or 6(b), APRA may, by notice in writing to the parent entity, change the reporting periods, or specify reporting periods, for the particular Level 2 insurance group.\n\n8. The information required by this Reporting Standard in respect of a Level 2 insurance group must be provided to APRA:\n\n(a) in the case of half yearly information, within three months after the end of the reporting period to which the information relates;\n\n(b) in the case of annual information, within three months after the end of the reporting period to which the information relates; or\n\n(c) in the case of information provided in accordance with paragraph 7, within the time specified by notice in writing.\n\nNote: GPS 310 requires a Level 2 insurance group to ensure that its Group Auditor conducts a limited assurance review of the group’s annual accounts. Accordingly, the Group Auditor’s report(s) as required by GPS 310 (relating to the information required by paragraph 4) must be provided to APRA by the time specified in GRS 001 (unless an extension of time is granted under GRS 001).\n\n9. APRA may, in writing, grant the parent entity of a Level 2 insurance group an extension of a due date in paragraph 8, in which case the new due date will be the date on the notice of extension.\n\nNote: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, the parent entity of a Level 2 insurance group is nonetheless required to submit the information required no later than the due date.\n\n10. On the written application of the parent entity of a Level 2 insurance group, APRA may by notice in writing to the parent entity exclude the requirement under subparagraph 6(a) to provide half yearly information.\n\n#### Quality control\n\n11. The information provided by the parent entity of a Level 2 insurance group under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the Group Auditor of the Level 2 insurance group. This will require the Group Auditor to review and test the Level 2 insurance group’s systems, processes and controls designed to enable the group to report reliable financial information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the Group Auditor to form an opinion on the reliability and accuracy of data; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard GPS 310 Audit and Related Matters (GPS 310).\n\n12. All information provided by the parent entity of a Level 2 insurance group under this Reporting Standard must be subject to systems, processes and controls developed by the Level 2 insurance group for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the parent entity of the Level 2 insurance group to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.\n\n#### Authorisation\n\n13. When an officer, or agent, of a parent entity of a Level 2 insurance group provides the information required by this Reporting Standard using an electronic format the officer, or agent, must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n14. If the information required by this Reporting Standard is provided by an agent who submits the information on the parent entity of a Level 2 insurance group’s behalf, the parent entity of a Level 2 insurance group must:\n\n(a) obtain from the agent a copy of the completed information provided to APRA; and\n\n(b) retain the completed copy.\n\n15. An officer, or agent, of a parent entity of a Level 2 insurance group who submits the information under this Reporting Standard for, or on behalf of, the parent entity of a Level 2 insurance group must be authorised by either:\n\n(a) the Principal Executive Officer of the parent entity of the Level 2 insurance group; or\n\n(b) the Chief Financial Officer of the parent entity of the Level 2 insurance group.\n\n#### Variations\n\n16. APRA may, by written notice to the parent entity of a Level 2 insurance group, vary the reporting requirements of this Reporting Standard in relation to that Level 2 insurance group.\n\n#### Interpretation\n\n17. In this Reporting Standard:\n\n(a) unless the contrary intention appears, words and expressions have the meanings given to them in GPS 001; and\n\n    (b) the following definitions are applicable:\n\nAPRA-authorised reinsurer means an insurer carrying on reinsurance business. For the purposes of this definition, a Lloyd’s underwriter as defined under the Insurance Act is an APRA-authorised reinsurer if it carries on reinsurance business. The Australian Reinsurance Pool Corporation is also an APRA-authorised reinsurer for the purposes of this definition;\n\ncapital standards means the prudential standards which relate to capital adequacy as defined in GPS 001;\n\nChief Financial Officer means the chief financial officer of the parent entity of a Level 2 insurance group, by whatever name called;\n\nfinancial year means the financial year (within the meaning in the Corporations Act 2001) of the parent entity of a Level 2 insurance group;\n\nforeign insurer means a foreign general insurer within the meaning of the Insurance Act;\n\nNote: A reference to a ‘branch’ or ‘branch operation’ is a reference to the Australian operations of a foreign insurer.\n\ngeneral instruction guide refers to the general instruction guide set out in Attachment A of GRS 001;\n\nGroup Auditor has the meaning given in GPS 310;\n\nInsurance Act means the Insurance Act 1973;\n\ninsurer means a general insurer within the meaning of section 11 of the Insurance Act;\n\nNote: In this Reporting Standard, a reference to an ‘authorised insurer’, ‘authorised insurance entity’ or ‘licensed insurer’ is a reference to an insurer, and a reference to an ‘authorised reinsurance entity’ is a reference to an insurer whose business consists only of undertaking liability by way of reinsurance.\n\nnon-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;\n\nPrincipal Executive Officer means the current principal executive officer of the entity, by whatever name called, and whether or not he or she is a member of the governing board of the entity; and\n\nreporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.\n\n18. Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.","sortOrder":1},{"sectionNumber":"Objective of this Reporting Standard","sectionType":"division","heading":"Objective of this Reporting Standard","content":"### Objective of this Reporting Standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to a Level 2 insurance group’s reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts.\n\nIt includes associated specific instructions and must be read in conjunction with Reporting Standard GRS 001 Reporting Requirements (GRS 001), including the general instruction guide.","sortOrder":2},{"sectionNumber":"Authority","sectionType":"subdivision","heading":"Authority","content":"#### Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.","sortOrder":3},{"sectionNumber":"Purpose","sectionType":"subdivision","heading":"Purpose","content":"#### Purpose\n\n2. The information reported to APRA under this Reporting Standard is used by APRA for the purpose of prudential supervision including assessing compliance with the capital standards.","sortOrder":4},{"sectionNumber":"Application and commencement","sectionType":"subdivision","heading":"Application and commencement","content":"#### Application and commencement\n\n3. This Reporting Standard applies to a parent entity of a Level 2 insurance group as defined in Prudential Standard GPS 001 Definitions (GPS 001). This reporting standard does not apply if the Level 2 insurance group is not required to prepare general purpose financial statements in accordance with AASB 17 Insurance Contracts. This Reporting Standard applies for reporting periods ending on or after 1 January 2025. The parent entity of a Level 2 group is required to ensure that each requirement in this Reporting Standard is complied with.","sortOrder":5},{"sectionNumber":"Information required","sectionType":"subdivision","heading":"Information required","content":"#### Information required\n\n4. The parent entity of a Level 2 insurance group must provide APRA with the information required by this Reporting Standard in respect of the Level 2 insurance group for each reporting period.","sortOrder":6},{"sectionNumber":"Method of submission","sectionType":"subdivision","heading":"Method of submission","content":"#### Method of submission\n\n5. The information required by this Reporting Standard must be given to APRA:\n\n    (a) in electronic format using an electronic method available on APRA’s website; or\n    (b) by a method notified by APRA prior to submission.","sortOrder":7},{"sectionNumber":"Reporting periods and due dates","sectionType":"subdivision","heading":"Reporting periods and due dates","content":"#### Reporting periods and due dates\n\n6. Subject to paragraph 7, the parent entity of a Level 2 insurance group must provide the information required by this Reporting Standard:\n\n(a) in respect of the first half year based on the financial year of the Level 2 insurance group on an unaudited basis; and\n\n(b) in respect of each financial year of the Level 2 insurance group on an audited basis.\n\n    Note: The annual information required by paragraphs 4, 5 and 6(b), together with certain annual information required by other reporting standards, will form part of the Level 2 insurance group’s annual accounts within the meaning of GPS 001. Prudential Standard GPS 310 Audit and Related Matters contains the relevant provisions governing audits.\n\n7. If, having regard to the particular circumstances of a Level 2 insurance group, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by subparagraph 6(a) or 6(b), APRA may, by notice in writing to the parent entity, change the reporting periods, or specify reporting periods, for the particular Level 2 insurance group.\n\n8. The information required by this Reporting Standard in respect of a Level 2 insurance group must be provided to APRA:\n\n(a) in the case of half yearly information, within three months after the end of the reporting period to which the information relates;\n\n(b) in the case of annual information, within three months after the end of the reporting period to which the information relates; or\n\n(c) in the case of information provided in accordance with paragraph 7, within the time specified by notice in writing.\n\nNote: GPS 310 requires a Level 2 insurance group to ensure that its Group Auditor conducts a limited assurance review of the group’s annual accounts. Accordingly, the Group Auditor’s report(s) as required by GPS 310 (relating to the information required by paragraph 4) must be provided to APRA by the time specified in GRS 001 (unless an extension of time is granted under GRS 001).\n\n9. APRA may, in writing, grant the parent entity of a Level 2 insurance group an extension of a due date in paragraph 8, in which case the new due date will be the date on the notice of extension.\n\nNote: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, the parent entity of a Level 2 insurance group is nonetheless required to submit the information required no later than the due date.\n\n10. On the written application of the parent entity of a Level 2 insurance group, APRA may by notice in writing to the parent entity exclude the requirement under subparagraph 6(a) to provide half yearly information.","sortOrder":8},{"sectionNumber":"Quality control","sectionType":"subdivision","heading":"Quality control","content":"#### Quality control\n\n11. The information provided by the parent entity of a Level 2 insurance group under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the Group Auditor of the Level 2 insurance group. This will require the Group Auditor to review and test the Level 2 insurance group’s systems, processes and controls designed to enable the group to report reliable financial information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the Group Auditor to form an opinion on the reliability and accuracy of data; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard GPS 310 Audit and Related Matters (GPS 310).\n\n12. All information provided by the parent entity of a Level 2 insurance group under this Reporting Standard must be subject to systems, processes and controls developed by the Level 2 insurance group for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the parent entity of the Level 2 insurance group to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.","sortOrder":9},{"sectionNumber":"Authorisation","sectionType":"subdivision","heading":"Authorisation","content":"#### Authorisation\n\n13. When an officer, or agent, of a parent entity of a Level 2 insurance group provides the information required by this Reporting Standard using an electronic format the officer, or agent, must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n14. If the information required by this Reporting Standard is provided by an agent who submits the information on the parent entity of a Level 2 insurance group’s behalf, the parent entity of a Level 2 insurance group must:\n\n(a) obtain from the agent a copy of the completed information provided to APRA; and\n\n(b) retain the completed copy.\n\n15. An officer, or agent, of a parent entity of a Level 2 insurance group who submits the information under this Reporting Standard for, or on behalf of, the parent entity of a Level 2 insurance group must be authorised by either:\n\n(a) the Principal Executive Officer of the parent entity of the Level 2 insurance group; or\n\n(b) the Chief Financial Officer of the parent entity of the Level 2 insurance group.","sortOrder":10},{"sectionNumber":"Variations","sectionType":"subdivision","heading":"Variations","content":"#### Variations\n\n16. APRA may, by written notice to the parent entity of a Level 2 insurance group, vary the reporting requirements of this Reporting Standard in relation to that Level 2 insurance group.","sortOrder":11},{"sectionNumber":"Interpretation","sectionType":"subdivision","heading":"Interpretation","content":"#### Interpretation\n\n17. In this Reporting Standard:\n\n(a) unless the contrary intention appears, words and expressions have the meanings given to them in GPS 001; and\n\n    (b) the following definitions are applicable:\n\nAPRA-authorised reinsurer means an insurer carrying on reinsurance business. For the purposes of this definition, a Lloyd’s underwriter as defined under the Insurance Act is an APRA-authorised reinsurer if it carries on reinsurance business. The Australian Reinsurance Pool Corporation is also an APRA-authorised reinsurer for the purposes of this definition;\n\ncapital standards means the prudential standards which relate to capital adequacy as defined in GPS 001;\n\nChief Financial Officer means the chief financial officer of the parent entity of a Level 2 insurance group, by whatever name called;\n\nfinancial year means the financial year (within the meaning in the Corporations Act 2001) of the parent entity of a Level 2 insurance group;\n\nforeign insurer means a foreign general insurer within the meaning of the Insurance Act;\n\nNote: A reference to a ‘branch’ or ‘branch operation’ is a reference to the Australian operations of a foreign insurer.\n\ngeneral instruction guide refers to the general instruction guide set out in Attachment A of GRS 001;\n\nGroup Auditor has the meaning given in GPS 310;\n\nInsurance Act means the Insurance Act 1973;\n\ninsurer means a general insurer within the meaning of section 11 of the Insurance Act;\n\nNote: In this Reporting Standard, a reference to an ‘authorised insurer’, ‘authorised insurance entity’ or ‘licensed insurer’ is a reference to an insurer, and a reference to an ‘authorised reinsurance entity’ is a reference to an insurer whose business consists only of undertaking liability by way of reinsurance.\n\nnon-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;\n\nPrincipal Executive Officer means the current principal executive officer of the entity, by whatever name called, and whether or not he or she is a member of the governing board of the entity; and\n\nreporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.\n\n18. Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.","sortOrder":12},{"sectionNumber":"General instructions","sectionType":"part","heading":"General instructions","content":"# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0.G Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17) for the Level 2 insurance group. These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.","sortOrder":15},{"sectionNumber":"Reporting tables","sectionType":"division","heading":"Reporting tables","content":"### Reporting tables\n\nTables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.","sortOrder":16},{"sectionNumber":"General accounting basis","sectionType":"subdivision","heading":"General accounting basis","content":"#### General accounting basis\n\nUnless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.","sortOrder":17},{"sectionNumber":"References to Australian Accounting Stan","sectionType":"division","heading":"References to Australian Accounting Standards","content":"### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.","sortOrder":18},{"sectionNumber":"IFRS taxonomy element reference","sectionType":"division","heading":"IFRS taxonomy element reference","content":"### IFRS taxonomy element reference\n\nEach IFRS taxonomy element contains at least one cross-reference to an AASB Standard (that incorporates IFRS 17 Standards as issued and amended by the International Accounting Standards Board (IASB)) and has a reference type that can be used to identify the source of that element. The IFRS Taxonomy uses the following element reference types:\n\n(a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\n(c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.","sortOrder":19},{"sectionNumber":"Definitions","sectionType":"division","heading":"Definitions","content":"### Definitions\n\nTerms that are highlighted in bold italics are defined in these instructions.","sortOrder":20},{"sectionNumber":"Specific instructions","sectionType":"part","heading":"Specific instructions","content":"# Reporting Standard GRS 320.0.G\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0.G Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17) for the Level 2 insurance group. These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\n\n### Reporting tables\n\nTables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.\n\n#### General accounting basis\n\nUnless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.\n\n### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS taxonomy element reference\n\nEach IFRS taxonomy element contains at least one cross-reference to an AASB Standard (that incorporates IFRS 17 Standards as issued and amended by the International Accounting Standards Board (IASB)) and has a reference type that can be used to identify the source of that element. The IFRS Taxonomy uses the following element reference types:\n\n(a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\n(c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\n### Definitions\n\nTerms that are highlighted in bold italics are defined in these instructions.\n\n  \n\n## Specific instructions\n\n### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 2 insurance group basis.\n\n### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n#### Region reporting\n\nInter-region elimination is the value of inter-region transactions, which are eliminated on consolidation, and need to be reported as negative values under Inter-region elimination.\n\n#### Australian and international business\n\nAustralian business is as defined in Prudential Standard GPS 001 Definitions (GPS 001).\n\nInternational business is as defined in GPS 001.\n\nFor entities that are not insurers within the Level 2 insurance group, items should be reported as:\n\n-   Australian business where they relate to an entity incorporated in Australia; and\n-   International business where they relate to an entity incorporated outside of Australia. The entity should be included in the international region that most appropriately reflects the incorporation of the entity. The region can be selected to align to the region(s) chosen by the Level 2 insurance group for reporting insurance business carried on by an entity within the group that is not authorised under the Insurance Act 1973.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Columns 1, 8, 15 and 22. | Report liabilities for remaining coverage excluding loss component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                                                                                |\n| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Columns 2, 9, 16 and 23  | Report the loss component of liabilities for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                                                                                |\n| Columns 3, 10, 17 and 24 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                                                                            |\n| Columns 4, 11, 18 and 25 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period for Australian business (4), International business (11) and inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                                                                             |\n| Columns 5, 12, 19 and 26 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                                             |\n| Columns 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                                           |\n| Columns 7, 14, 21 and 28 | Column 7, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3 net balance as at beginning of reporting period is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11 insurance service expenses is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                                |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13 insurance service result is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | --------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16 total amounts recognised in the statement of profit or loss and OCI is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                              |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                         |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                           |\n| ---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                               |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                     |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 8, 15 and 22  | Report assets for remaining coverage excluding loss-recovery component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Report this item in accordance with 17.100 (a) Disclosure.                                                                                                                                                                                                          |\n| ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 9, 16 and 23  | Report the loss-recovery component of assets for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17.66B, 17.100 (b) Disclosure.                                                                                                                                                                                                |\n| Column 3, 10, 17 and 24 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                                                                |\n| Column 4, 11, 18 and 25 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period for Australian business (4), International business (11) and Inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                                                       |\n| Column 5, 12, 19 and 26 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                            |\n| Column 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                   |\n| Column 7, 14, 21 and 28 | Column 7, total current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held, at this item; or include it as part of Item 4. Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item 13, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, total other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                               |\n| ---------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                                   |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                         |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business (4) is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                       |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 7, items 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report the effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item 18, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                     |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":21},{"sectionNumber":"Reporting basis","sectionType":"division","heading":"Reporting basis","content":"### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 2 insurance group basis.","sortOrder":22},{"sectionNumber":"Units of measurement","sectionType":"division","heading":"Units of measurement","content":"### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.","sortOrder":23},{"sectionNumber":"Region reporting","sectionType":"subdivision","heading":"Region reporting","content":"#### Region reporting\n\nInter-region elimination is the value of inter-region transactions, which are eliminated on consolidation, and need to be reported as negative values under Inter-region elimination.","sortOrder":24},{"sectionNumber":"Australian and international business","sectionType":"subdivision","heading":"Australian and international business","content":"#### Australian and international business\n\nAustralian business is as defined in Prudential Standard GPS 001 Definitions (GPS 001).\n\nInternational business is as defined in GPS 001.\n\nFor entities that are not insurers within the Level 2 insurance group, items should be reported as:\n\n-   Australian business where they relate to an entity incorporated in Australia; and\n-   International business where they relate to an entity incorporated outside of Australia. The entity should be included in the international region that most appropriately reflects the incorporation of the entity. The region can be selected to align to the region(s) chosen by the Level 2 insurance group for reporting insurance business carried on by an entity within the group that is not authorised under the Insurance Act 1973.","sortOrder":25},{"sectionNumber":"Part A","sectionType":"part","heading":": Insurance contracts issued (direct business/inwards reinsurance)","content":"# Reporting Standard GRS 320.0.G\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0.G Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17) for the Level 2 insurance group. These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\n\n### Reporting tables\n\nTables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.\n\n#### General accounting basis\n\nUnless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.\n\n### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS taxonomy element reference\n\nEach IFRS taxonomy element contains at least one cross-reference to an AASB Standard (that incorporates IFRS 17 Standards as issued and amended by the International Accounting Standards Board (IASB)) and has a reference type that can be used to identify the source of that element. The IFRS Taxonomy uses the following element reference types:\n\n(a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\n(c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\n### Definitions\n\nTerms that are highlighted in bold italics are defined in these instructions.\n\n  \n\n## Specific instructions\n\n### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 2 insurance group basis.\n\n### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n#### Region reporting\n\nInter-region elimination is the value of inter-region transactions, which are eliminated on consolidation, and need to be reported as negative values under Inter-region elimination.\n\n#### Australian and international business\n\nAustralian business is as defined in Prudential Standard GPS 001 Definitions (GPS 001).\n\nInternational business is as defined in GPS 001.\n\nFor entities that are not insurers within the Level 2 insurance group, items should be reported as:\n\n-   Australian business where they relate to an entity incorporated in Australia; and\n-   International business where they relate to an entity incorporated outside of Australia. The entity should be included in the international region that most appropriately reflects the incorporation of the entity. The region can be selected to align to the region(s) chosen by the Level 2 insurance group for reporting insurance business carried on by an entity within the group that is not authorised under the Insurance Act 1973.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Columns 1, 8, 15 and 22. | Report liabilities for remaining coverage excluding loss component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                                                                                |\n| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Columns 2, 9, 16 and 23  | Report the loss component of liabilities for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                                                                                |\n| Columns 3, 10, 17 and 24 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                                                                            |\n| Columns 4, 11, 18 and 25 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period for Australian business (4), International business (11) and inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                                                                             |\n| Columns 5, 12, 19 and 26 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                                             |\n| Columns 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                                           |\n| Columns 7, 14, 21 and 28 | Column 7, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3 net balance as at beginning of reporting period is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11 insurance service expenses is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                                |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13 insurance service result is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | --------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16 total amounts recognised in the statement of profit or loss and OCI is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                              |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                         |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                           |\n| ---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                               |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                     |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 8, 15 and 22  | Report assets for remaining coverage excluding loss-recovery component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Report this item in accordance with 17.100 (a) Disclosure.                                                                                                                                                                                                          |\n| ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 9, 16 and 23  | Report the loss-recovery component of assets for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17.66B, 17.100 (b) Disclosure.                                                                                                                                                                                                |\n| Column 3, 10, 17 and 24 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                                                                |\n| Column 4, 11, 18 and 25 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period for Australian business (4), International business (11) and Inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                                                       |\n| Column 5, 12, 19 and 26 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                            |\n| Column 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                   |\n| Column 7, 14, 21 and 28 | Column 7, total current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held, at this item; or include it as part of Item 4. Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item 13, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, total other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                               |\n| ---------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                                   |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                         |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business (4) is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                       |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 7, items 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report the effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item 18, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                     |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":26},{"sectionNumber":"Liability Roll Forward 1 — Reconciliatio","sectionType":"division","heading":"Liability Roll Forward 1 — Reconciliation of the liability for remaining coverage and the liability for incurred claims","content":"### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.","sortOrder":27},{"sectionNumber":"Columns for Level 2 insurance group","sectionType":"division","heading":"Columns for Level 2 insurance group","content":"### Columns for Level 2 insurance group\n\n| Columns 1, 8, 15 and 22. | Report liabilities for remaining coverage excluding loss component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                                                                                |\n| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Columns 2, 9, 16 and 23  | Report the loss component of liabilities for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                                                                                |\n| Columns 3, 10, 17 and 24 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                                                                            |\n| Columns 4, 11, 18 and 25 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period for Australian business (4), International business (11) and inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                                                                             |\n| Columns 5, 12, 19 and 26 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                                             |\n| Columns 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                                           |\n| Columns 7, 14, 21 and 28 | Column 7, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |","sortOrder":28},{"sectionNumber":"Item 1: Opening insurance contract liabi","sectionType":"subdivision","heading":"Item 1: Opening insurance contract liabilities","content":"#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":29},{"sectionNumber":"Item 2: Opening insurance contract asset","sectionType":"subdivision","heading":"Item 2: Opening insurance contract assets","content":"#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |","sortOrder":30},{"sectionNumber":"Item 3: Net balance as at beginning of r","sectionType":"subdivision","heading":"Item 3: Net balance as at beginning of reporting period","content":"#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3 net balance as at beginning of reporting period is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------- |","sortOrder":31},{"sectionNumber":"Changes in the statement of profit or lo","sectionType":"division","heading":"Changes in the statement of profit or loss and OCI","content":"# Reporting Standard GRS 320.0.G\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0.G Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17) for the Level 2 insurance group. These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\n\n### Reporting tables\n\nTables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.\n\n#### General accounting basis\n\nUnless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.\n\n### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS taxonomy element reference\n\nEach IFRS taxonomy element contains at least one cross-reference to an AASB Standard (that incorporates IFRS 17 Standards as issued and amended by the International Accounting Standards Board (IASB)) and has a reference type that can be used to identify the source of that element. The IFRS Taxonomy uses the following element reference types:\n\n(a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\n(c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\n### Definitions\n\nTerms that are highlighted in bold italics are defined in these instructions.\n\n  \n\n## Specific instructions\n\n### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 2 insurance group basis.\n\n### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n#### Region reporting\n\nInter-region elimination is the value of inter-region transactions, which are eliminated on consolidation, and need to be reported as negative values under Inter-region elimination.\n\n#### Australian and international business\n\nAustralian business is as defined in Prudential Standard GPS 001 Definitions (GPS 001).\n\nInternational business is as defined in GPS 001.\n\nFor entities that are not insurers within the Level 2 insurance group, items should be reported as:\n\n-   Australian business where they relate to an entity incorporated in Australia; and\n-   International business where they relate to an entity incorporated outside of Australia. The entity should be included in the international region that most appropriately reflects the incorporation of the entity. The region can be selected to align to the region(s) chosen by the Level 2 insurance group for reporting insurance business carried on by an entity within the group that is not authorised under the Insurance Act 1973.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Columns 1, 8, 15 and 22. | Report liabilities for remaining coverage excluding loss component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                                                                                |\n| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Columns 2, 9, 16 and 23  | Report the loss component of liabilities for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                                                                                |\n| Columns 3, 10, 17 and 24 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                                                                            |\n| Columns 4, 11, 18 and 25 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period for Australian business (4), International business (11) and inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                                                                             |\n| Columns 5, 12, 19 and 26 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                                             |\n| Columns 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                                           |\n| Columns 7, 14, 21 and 28 | Column 7, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3 net balance as at beginning of reporting period is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11 insurance service expenses is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                                |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13 insurance service result is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | --------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16 total amounts recognised in the statement of profit or loss and OCI is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                              |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                         |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                           |\n| ---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                               |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                     |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 8, 15 and 22  | Report assets for remaining coverage excluding loss-recovery component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Report this item in accordance with 17.100 (a) Disclosure.                                                                                                                                                                                                          |\n| ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 9, 16 and 23  | Report the loss-recovery component of assets for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17.66B, 17.100 (b) Disclosure.                                                                                                                                                                                                |\n| Column 3, 10, 17 and 24 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                                                                |\n| Column 4, 11, 18 and 25 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period for Australian business (4), International business (11) and Inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                                                       |\n| Column 5, 12, 19 and 26 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                            |\n| Column 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                   |\n| Column 7, 14, 21 and 28 | Column 7, total current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held, at this item; or include it as part of Item 4. Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item 13, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, total other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                               |\n| ---------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                                   |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                         |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business (4) is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                       |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 7, items 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report the effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item 18, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                     |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":32},{"sectionNumber":"Item 4: Insurance revenue","sectionType":"subdivision","heading":"Item 4: Insurance revenue","content":"#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |","sortOrder":33},{"sectionNumber":"Items 5-11: Insurance service expenses","sectionType":"subdivision","heading":"Items 5-11: Insurance service expenses","content":"#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11 insurance service expenses is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                                |","sortOrder":34},{"sectionNumber":"Item 12: Investment components and premi","sectionType":"subdivision","heading":"Item 12: Investment components and premium refunds","content":"#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":35},{"sectionNumber":"Item 13: Insurance service result","sectionType":"subdivision","heading":"Item 13: Insurance service result","content":"#### Item 13: Insurance service result\n\n| Item 13 | Item 13 insurance service result is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | --------------------------------------------------------------------------------------------------------------- |","sortOrder":36},{"sectionNumber":"Item 14: Finance expenses from insurance","sectionType":"subdivision","heading":"Item 14: Finance expenses from insurance contracts issued","content":"#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":37},{"sectionNumber":"Item 15: Effect of movements in exchange","sectionType":"subdivision","heading":"Item 15: Effect of movements in exchange rates","content":"#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |","sortOrder":38},{"sectionNumber":"Item 16: Total amounts recognised in the","sectionType":"subdivision","heading":"Item 16: Total amounts recognised in the statement of profit or loss and OCI","content":"#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16 total amounts recognised in the statement of profit or loss and OCI is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":39},{"sectionNumber":"Cash flows","sectionType":"division","heading":"Cash flows","content":"### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.","sortOrder":40},{"sectionNumber":"Items 17-20: Cash flows","sectionType":"subdivision","heading":"Items 17-20: Cash flows","content":"#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                              |","sortOrder":41},{"sectionNumber":"Items 21-24: Other movements in the net ","sectionType":"subdivision","heading":"Items 21-24: Other movements in the net balance","content":"#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                         |","sortOrder":42},{"sectionNumber":"Item 25: Net balance as at end of report","sectionType":"subdivision","heading":"Item 25: Net balance as at end of reporting period","content":"#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":43},{"sectionNumber":"Item 26: Closing insurance contract liab","sectionType":"subdivision","heading":"Item 26: Closing insurance contract liabilities","content":"#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":44},{"sectionNumber":"Item 27: Closing insurance contract asse","sectionType":"subdivision","heading":"Item 27: Closing insurance contract assets","content":"#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |","sortOrder":45},{"sectionNumber":"Item 28: Net balance as at end of report","sectionType":"subdivision","heading":"Item 28: Net balance as at end of reporting period","content":"#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":46},{"sectionNumber":"Liability Roll Forward 2 — Reconciliatio","sectionType":"division","heading":"Liability Roll Forward 2 — Reconciliation of the measurement components of insurance contract balances","content":"### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.","sortOrder":47},{"sectionNumber":"Items 4-7: Changes that relate to curren","sectionType":"subdivision","heading":"Items 4-7: Changes that relate to current services","content":"#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |","sortOrder":53},{"sectionNumber":"Items 8-11: Changes that relate to futur","sectionType":"subdivision","heading":"Items 8-11: Changes that relate to future services","content":"#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |","sortOrder":54},{"sectionNumber":"Item 12: Changes that relate to past ser","sectionType":"subdivision","heading":"Item 12: Changes that relate to past services - Changes to liabilities for incurred claims","content":"#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":55},{"sectionNumber":"Item 14: Finance expenses or income from","sectionType":"subdivision","heading":"Item 14: Finance expenses or income from insurance contracts issued","content":"#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":57},{"sectionNumber":"Item 17: Premiums received","sectionType":"subdivision","heading":"Item 17: Premiums received","content":"#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":61},{"sectionNumber":"Item 18: Claims and other expenses paid","sectionType":"subdivision","heading":"Item 18: Claims and other expenses paid","content":"#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |","sortOrder":62},{"sectionNumber":"Item 19: Insurance acquisition cash flow","sectionType":"subdivision","heading":"Item 19: Insurance acquisition cash flows paid","content":"#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":63},{"sectionNumber":"Item 20: Total cash flows","sectionType":"subdivision","heading":"Item 20: Total cash flows","content":"#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |","sortOrder":64},{"sectionNumber":"Items 26-28: Closing balances","sectionType":"subdivision","heading":"Items 26-28: Closing balances","content":"#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |","sortOrder":67},{"sectionNumber":"Part B","sectionType":"part","heading":": Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)","content":"# Reporting Standard GRS 320.0.G\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0.G Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17) for the Level 2 insurance group. These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\n\n### Reporting tables\n\nTables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.\n\n#### General accounting basis\n\nUnless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.\n\n### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS taxonomy element reference\n\nEach IFRS taxonomy element contains at least one cross-reference to an AASB Standard (that incorporates IFRS 17 Standards as issued and amended by the International Accounting Standards Board (IASB)) and has a reference type that can be used to identify the source of that element. The IFRS Taxonomy uses the following element reference types:\n\n(a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\n(c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\n### Definitions\n\nTerms that are highlighted in bold italics are defined in these instructions.\n\n  \n\n## Specific instructions\n\n### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 2 insurance group basis.\n\n### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n#### Region reporting\n\nInter-region elimination is the value of inter-region transactions, which are eliminated on consolidation, and need to be reported as negative values under Inter-region elimination.\n\n#### Australian and international business\n\nAustralian business is as defined in Prudential Standard GPS 001 Definitions (GPS 001).\n\nInternational business is as defined in GPS 001.\n\nFor entities that are not insurers within the Level 2 insurance group, items should be reported as:\n\n-   Australian business where they relate to an entity incorporated in Australia; and\n-   International business where they relate to an entity incorporated outside of Australia. The entity should be included in the international region that most appropriately reflects the incorporation of the entity. The region can be selected to align to the region(s) chosen by the Level 2 insurance group for reporting insurance business carried on by an entity within the group that is not authorised under the Insurance Act 1973.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Columns 1, 8, 15 and 22. | Report liabilities for remaining coverage excluding loss component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                                                                                |\n| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Columns 2, 9, 16 and 23  | Report the loss component of liabilities for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                                                                                |\n| Columns 3, 10, 17 and 24 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                                                                            |\n| Columns 4, 11, 18 and 25 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period for Australian business (4), International business (11) and inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                                                                             |\n| Columns 5, 12, 19 and 26 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                                             |\n| Columns 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                                           |\n| Columns 7, 14, 21 and 28 | Column 7, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3 net balance as at beginning of reporting period is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11 insurance service expenses is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                                |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13 insurance service result is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | --------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16 total amounts recognised in the statement of profit or loss and OCI is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                              |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                         |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                           |\n| ---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                               |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                     |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 8, 15 and 22  | Report assets for remaining coverage excluding loss-recovery component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Report this item in accordance with 17.100 (a) Disclosure.                                                                                                                                                                                                          |\n| ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 9, 16 and 23  | Report the loss-recovery component of assets for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17.66B, 17.100 (b) Disclosure.                                                                                                                                                                                                |\n| Column 3, 10, 17 and 24 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                                                                |\n| Column 4, 11, 18 and 25 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period for Australian business (4), International business (11) and Inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                                                       |\n| Column 5, 12, 19 and 26 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                            |\n| Column 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                   |\n| Column 7, 14, 21 and 28 | Column 7, total current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held, at this item; or include it as part of Item 4. Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item 13, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, total other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                               |\n| ---------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                                   |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                         |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business (4) is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                       |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 7, items 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report the effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item 18, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                     |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":68},{"sectionNumber":"Item 1: Opening reinsurance contract ass","sectionType":"subdivision","heading":"Item 1: Opening reinsurance contract assets","content":"#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":71},{"sectionNumber":"Item 2: Opening reinsurance contract lia","sectionType":"subdivision","heading":"Item 2: Opening reinsurance contract liabilities","content":"#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":72},{"sectionNumber":"Net income (expenses) from reinsurance c","sectionType":"division","heading":"Net income (expenses) from reinsurance contracts held","content":"# Reporting Standard GRS 320.0.G\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0.G Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17) for the Level 2 insurance group. These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\n\n### Reporting tables\n\nTables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.\n\n#### General accounting basis\n\nUnless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.\n\n### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS taxonomy element reference\n\nEach IFRS taxonomy element contains at least one cross-reference to an AASB Standard (that incorporates IFRS 17 Standards as issued and amended by the International Accounting Standards Board (IASB)) and has a reference type that can be used to identify the source of that element. The IFRS Taxonomy uses the following element reference types:\n\n(a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\n(c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\n### Definitions\n\nTerms that are highlighted in bold italics are defined in these instructions.\n\n  \n\n## Specific instructions\n\n### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 2 insurance group basis.\n\n### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n#### Region reporting\n\nInter-region elimination is the value of inter-region transactions, which are eliminated on consolidation, and need to be reported as negative values under Inter-region elimination.\n\n#### Australian and international business\n\nAustralian business is as defined in Prudential Standard GPS 001 Definitions (GPS 001).\n\nInternational business is as defined in GPS 001.\n\nFor entities that are not insurers within the Level 2 insurance group, items should be reported as:\n\n-   Australian business where they relate to an entity incorporated in Australia; and\n-   International business where they relate to an entity incorporated outside of Australia. The entity should be included in the international region that most appropriately reflects the incorporation of the entity. The region can be selected to align to the region(s) chosen by the Level 2 insurance group for reporting insurance business carried on by an entity within the group that is not authorised under the Insurance Act 1973.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Columns 1, 8, 15 and 22. | Report liabilities for remaining coverage excluding loss component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                                                                                |\n| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Columns 2, 9, 16 and 23  | Report the loss component of liabilities for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                                                                                |\n| Columns 3, 10, 17 and 24 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                                                                            |\n| Columns 4, 11, 18 and 25 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period for Australian business (4), International business (11) and inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                                                                             |\n| Columns 5, 12, 19 and 26 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                                             |\n| Columns 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                                           |\n| Columns 7, 14, 21 and 28 | Column 7, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3 net balance as at beginning of reporting period is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11 insurance service expenses is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                                |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13 insurance service result is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | --------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16 total amounts recognised in the statement of profit or loss and OCI is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                              |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                         |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                           |\n| ---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                               |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                     |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 8, 15 and 22  | Report assets for remaining coverage excluding loss-recovery component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.Report this item in accordance with 17.100 (a) Disclosure.                                                                                                                                                                                                          |\n| ----------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 9, 16 and 23  | Report the loss-recovery component of assets for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.Report this item in accordance with AASB 17.66B, 17.100 (b) Disclosure.                                                                                                                                                                                                |\n| Column 3, 10, 17 and 24 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                                                                |\n| Column 4, 11, 18 and 25 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period for Australian business (4), International business (11) and Inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                                                       |\n| Column 5, 12, 19 and 26 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                                                            |\n| Column 6, 13, 20 and 27 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.                                   |\n| Column 7, 14, 21 and 28 | Column 7, total current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held, at this item; or include it as part of Item 4. Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item 13, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, total other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n### Columns for Level 2 insurance group\n\n| Column 1, 5, 9 and 13  | Report estimates of the present value of the future cash flows for the current reporting period for Australian business (1), International business (5) and Inter-region elimination (9). Column 13 for Total business is a derived column representing the sum of Columns 1, 5 and 9.Report this item in accordance with AASB 17.101 (a) Disclosure.                                                                                                                                                                                                                               |\n| ---------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2, 6, 10 and 14 | Report the risk adjustment for non-financial risk for the current reporting period for Australian business (2), International business (6) and Inter-region elimination (10). Column 14 for Total business is a derived column representing the sum of Columns 2, 6 and 10.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure.                                                                                                                                                                                                                   |\n| Column 3, 7, 11 and 15 | Report the contractual service margin (CSM) for the current reporting period for Australian business (3), International business (7) and Inter-region elimination (11). Column 15 for Total business is a derived column representing the sum of Columns 3, 7 and 11.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.                                                                                                                                                                                                                         |\n| Column 4, 8, 12 and 16 | Column 4, total for the current reporting period for Australian business (4) is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15. |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                       |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 7, items 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report the effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item 18, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, total other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                     |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":74},{"sectionNumber":"Item 4: Reinsurance expenses: Allocation","sectionType":"subdivision","heading":"Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer","content":"#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":75},{"sectionNumber":"Item 5: Recoveries of incurred claims an","sectionType":"subdivision","heading":"Item 5: Recoveries of incurred claims and other insurance service expenses","content":"#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":76},{"sectionNumber":"Item 6: Recoveries and reversals of reco","sectionType":"subdivision","heading":"Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts","content":"#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":77},{"sectionNumber":"Item 7: Changes that relate to past serv","sectionType":"subdivision","heading":"Item 7: Changes that relate to past service: Changes to assets for incurred claims","content":"#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":78},{"sectionNumber":"Item 8: Amounts recoverable from reinsur","sectionType":"subdivision","heading":"Item 8: Amounts recoverable from reinsurers","content":"#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":79},{"sectionNumber":"Item 9: Investment components and premiu","sectionType":"subdivision","heading":"Item 9: Investment components and premium refunds","content":"#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":80},{"sectionNumber":"Item 10: Cost of retroactive cover on re","sectionType":"subdivision","heading":"Item 10: Cost of retroactive cover on reinsurance contracts held","content":"#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held, at this item; or include it as part of Item 4. Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":81},{"sectionNumber":"Item 11: Impairment of assets for insura","sectionType":"subdivision","heading":"Item 11: Impairment of assets for insurance acquisition cash flows","content":"#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":82},{"sectionNumber":"Item 12: Reversal of impairment of asset","sectionType":"subdivision","heading":"Item 12: Reversal of impairment of assets for insurance acquisition cash flows","content":"#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":83},{"sectionNumber":"Item 13: Net income (expenses) from rein","sectionType":"subdivision","heading":"Item 13: Net income (expenses) from reinsurance contracts held","content":"#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item 13, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":84},{"sectionNumber":"Item 14: Effect of changes in non-perfor","sectionType":"subdivision","heading":"Item 14: Effect of changes in non-performance risk of reinsurers","content":"#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |","sortOrder":85},{"sectionNumber":"Item 15: Finance income from reinsurance","sectionType":"subdivision","heading":"Item 15: Finance income from reinsurance contracts held","content":"#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":86},{"sectionNumber":"Item 16: Effect of movements in exchange","sectionType":"subdivision","heading":"Item 16: Effect of movements in exchange rates","content":"#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |","sortOrder":87},{"sectionNumber":"Item 17: Total amounts recognised in the","sectionType":"subdivision","heading":"Item 17: Total amounts recognised in the statement of profit or loss and OCI","content":"#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":88},{"sectionNumber":"Item 18: Premiums paid","sectionType":"subdivision","heading":"Item 18: Premiums paid","content":"#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |","sortOrder":90},{"sectionNumber":"Item 19: Amounts received","sectionType":"subdivision","heading":"Item 19: Amounts received","content":"#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |","sortOrder":91},{"sectionNumber":"Item 20: Insurance acquisition cash flow","sectionType":"subdivision","heading":"Item 20: Insurance acquisition cash flows","content":"#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":92},{"sectionNumber":"Item 21: Total cash flows","sectionType":"subdivision","heading":"Item 21: Total cash flows","content":"#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |","sortOrder":93},{"sectionNumber":"Items 22-24: Other movements in the net ","sectionType":"subdivision","heading":"Items 22-24: Other movements in the net balance","content":"#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, total other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                |","sortOrder":94},{"sectionNumber":"Item 26: Net balance as at end of report","sectionType":"subdivision","heading":"Item 26: Net balance as at end of reporting period","content":"#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":95},{"sectionNumber":"Item 27: Closing reinsurance contract as","sectionType":"subdivision","heading":"Item 27: Closing reinsurance contract assets","content":"#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":96},{"sectionNumber":"Item 28: Closing reinsurance contract li","sectionType":"subdivision","heading":"Item 28: Closing reinsurance contract liabilities","content":"#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":97},{"sectionNumber":"Item 29: Net balance as at end of report","sectionType":"subdivision","heading":"Item 29: Net balance as at end of reporting period","content":"#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":98},{"sectionNumber":"Items 8-12: Changes that relate to futur","sectionType":"subdivision","heading":"Items 8-12: Changes that relate to future services","content":"#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                       |","sortOrder":106},{"sectionNumber":"Item 13: Changes that relate to past ser","sectionType":"subdivision","heading":"Item 13: Changes that relate to past services - changes to assets for incurred claims","content":"#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":107},{"sectionNumber":"Item 14: Net income (expenses) from rein","sectionType":"subdivision","heading":"Item 14: Net income (expenses) from reinsurance contracts held","content":"#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 7, items 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":108},{"sectionNumber":"Item 15: Effect of changes in non-perfor","sectionType":"subdivision","heading":"Item 15: Effect of changes in non-performance risk of reinsurers","content":"#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report the effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":109},{"sectionNumber":"Item 16: Finance income (expenses) from ","sectionType":"subdivision","heading":"Item 16: Finance income (expenses) from reinsurance contracts held","content":"#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":110},{"sectionNumber":"Item 17: Effect of movements in exchange","sectionType":"subdivision","heading":"Item 17: Effect of movements in exchange rates","content":"#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |","sortOrder":111},{"sectionNumber":"Item 18: Total amounts recognised in the","sectionType":"subdivision","heading":"Item 18: Total amounts recognised in the statement of profit or loss and OCI","content":"#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item 18, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":112},{"sectionNumber":"Item 19: Premiums paid","sectionType":"subdivision","heading":"Item 19: Premiums paid","content":"#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |","sortOrder":114},{"sectionNumber":"Item 20: Amounts received","sectionType":"subdivision","heading":"Item 20: Amounts received","content":"#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |","sortOrder":115},{"sectionNumber":"Item 26: Closing reinsurance contract as","sectionType":"subdivision","heading":"Item 26: Closing reinsurance contract assets","content":"#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":119},{"sectionNumber":"Item 27: Closing reinsurance contract li","sectionType":"subdivision","heading":"Item 27: Closing reinsurance contract liabilities","content":"#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":120}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"_metrics":{"completionTokens":710},"content_quality":"ok","complexity_score":8,"scope_assessment":{"changed":false,"description":"The legislation appears to be focused on its original purpose of implementing AASB 17 reporting requirements for insurance liability reconciliations. While the document is extremely lengthy due to repetitive formatting and duplicated sections, the substantive scope aligns with the stated objective of collecting liability roll forward data for prudential supervision."},"complexity_factors":["Extensive cross-referencing to AASB 17 (Insurance Contracts) and other prudential standards (GPS 001, GPS 310, GRS 001)","Multiple nested reporting structures: 28 columns for insurance contracts, 29 columns for reinsurance contracts, with derived calculations","Dual reporting frameworks (Premium Allocation Approach vs. full AASB 17 measurement)","Region-based reporting requirements (Australian, International, Inter-region elimination) with consolidation rules","Numerous defined terms and conditional requirements (e.g., 'may not apply' items based on insurer interpretation)","Detailed audit and assurance requirements including limited assurance engagements","Complex derivation chains where many items are calculated sums of other items","Separate but parallel reporting structures for insurance contracts issued vs. reinsurance contracts held"],"plain_english_summary":"This APRA reporting standard requires Level 2 insurance group parents and general insurers subject to AASB 17 to submit detailed liability \"roll forward\" reconciliations (insurance and reinsurance) so APRA can monitor insurers' obligations and financial reporting. Filings (half‑yearly unaudited, annually audited) start for periods ending on/after 1 Jan 2025, are due within three months, must be electronically submitted in whole AUD, and rely on systems reviewed and tested by the Group Auditor."},"flash_summary":{"complexity_score":8,"scope_assessment":{"changed":false,"description":"This Reporting Standard is narrowly focused on collecting AASB 17‑aligned reconciliations and related roll‑forwards from Level 2 insurance groups. Its coverage (insurance contracts issued; reinsurance contracts held; acquisition cash flow assets; measurement components) tracks AASB 17 disclosure requirements and APRA’s prudential oversight needs. It does not materially broaden the subject matter beyond that original purpose; instead it standardises and operationalises the data items, timing, assurance and submission mechanics required for APRA supervision (see paras 2–4, Parts A and B)."},"complexity_factors":["Lengthy, repetitive document with many duplicated sections — increases navigation and comprehension effort","Explicit cross‑references to multiple other instruments and standards (AASB 17, AASB 121, GPS 001, GPS 310, GRS 001, AASB/AU auditing standards) — creates dependency chain","Multiple conditional reporting paths (contracts measured under PAA vs not under PAA; insurer interpretation of AASB 17.105A may make some items inapplicable)","Two broad reporting modules (Part A: insurance contracts issued; Part B: reinsurance contracts held) each with two roll‑forwards and detailed sub‑items (Items 1–29 per table)","High number of derived items and formulaic dependencies (many items are 'calculated as the sum of' other items) — increases mapping and validation complexity","Regional segmentation required (Australian business, International business, Inter‑region elimination, Total) adds consolidation and elimination logic","Audit and assurance requirements layered with professional standards — requires coordination between finance, actuarial and external audit teams (para 11)","Administrative and IT requirements (electronic method, digital certificates, signature and retention obligations) — operational implementation complexity","Many defined terms in the Interpretation section and reliance on definitions in GPS 001 — requires careful legal/definitions mapping","Reporting timing flexibility/discretion (APRA can vary frequency per group) increases compliance uncertainty"],"plain_english_summary":"**What this instrument does (mechanics)\n\n- Requires the parent entity of a Level 2 insurance group to submit to APRA a set of detailed roll‑forward reconciliations of insurance contract balances prepared under AASB 17 (Insurance Contracts). (paras 3–4)\n- Specifies the information to be supplied (line‑items and column structure) for both: (a) insurance contracts issued and (b) reinsurance contracts held. The tables collect opening and closing balances, items recognised in profit or loss and other comprehensive income, cash flows and other movements, and the measurement components (present value of cash flows, risk adjustment, contractual service margin). (Part A & Part B)\n- Sets the timing and format: half‑yearly (unaudited) and annual (audited) submissions in electronic form via APRA’s channels, with both half‑year and annual returns normally due within three months of period end. APRA can vary timing for a particular group. (paras 5–9)\n- Requires the Group Auditor to review and test the group’s systems, processes and controls that produce the reported data (at least an annual limited‑assurance engagement consistent with applicable auditing standards and GPS 310). The Board and senior management must maintain internal authorisation and control policies for data submitted. (paras 11–12)\n- Sets administrative requirements: digital signing of electronic submissions acceptable to APRA, retention of copies if an agent submits on the group’s behalf, and authorisation by the CEO or CFO. APRA may grant extensions or vary reporting requirements for a particular group. (paras 13–16)\n- Applies to Level 2 insurance groups that must prepare general purpose financial statements under AASB 17 and runs for reporting periods ending on or after 1 January 2025. (para 3)\n\n**Who this affects\n\n- Directly affected: the parent entity of each Level 2 insurance group (see GPS 001 for the Level 2 definition). That parent must ensure each group entity supplies the information and that governance, controls and auditor procedures are in place. (paras 3, 4, 11–12)\n- Indirectly affected: Group Auditors (must perform assurance work on systems and controls), internal finance and actuarial teams (must prepare the roll‑forwards and supporting processes), external agents if used (must follow submission and retention rules). APRA has discretion to require different reporting scopes or frequencies. (paras 7, 11, 16)\n\n**Why it matters (purpose claims and practical effects)\n\n- Stated purpose: APRA will use the data for prudential supervision, including assessing compliance with capital standards. (para 2)\n- Concrete effect: APRA obtains standardised, AASB 17‑aligned reconciliations across groups so it can monitor liability measurement, reinsurance recoverables and related risk adjustments and contractual service margins on a consistent basis. This supports APRA’s capital and solvency assessment work.\n\n**Costs, incentives and trade‑offs (implementation, compliance burden and risk)\n\n- Who pays: the insurance group (parent and its entities) bears preparation, systems, audit and ongoing compliance costs. Those are internal costs to insurers and their auditors. (paras 3, 11)\n- Decision‑makers and discretion: APRA determines the submission method and can vary reporting periods and content for a particular group (paras 5, 7, 16). The Board and senior management decide internal controls and authorisation procedures (para 12). The Group Auditor decides scope and timing of assurance engagements consistent with GPS 310 (para 11).\n- Behavioural impact on firms: groups must implement or adapt accounting, actuarial and data systems to produce the prescribed tables and to evidence the controls auditors will test. Where AASB 17 contains interpretive questions (e.g. AASB 17.105A on assets for acquisition cash flows), differences in interpretation can produce variation in reported items and require judgement documentation. The standard explicitly requests zero values when not applicable, and separates Australian/international/inter‑region elimination reporting, so groups will need regional data segmentation and consolidation logic.\n- Compliance and operational risk: reliance on many cross‑references (AASB 17, GPS 001, GPS 310, GRS 001, AASB 121) means compliance depends on correct application of multiple standards. APRA’s power to change requirements for particular groups increases regulatory uncertainty and can raise integration costs where APRA requests more frequent or bespoke reporting. (paras 7, 16, 18)\n- Audit scope and costs: the Group Auditor must review systems and controls on at least an annual limited assurance basis; that produces an additional assurance burden and associated fees for insurers. (para 11)\n- Data security and recordkeeping: digital signing and agent‑submission rules require appropriate IT controls and retention processes (paras 13–15).\n\n**Implementation risks and ambiguous points to watch\n\n- Interpretation risk: multiple items are to be reported \"based on the insurer’s interpretation\" of specific AASB 17 paragraphs (notably AASB 17.105A/105B). Different credible interpretations may lead to inconsistent submissions across firms. (see Part A & Part B notes)\n- Conditional fields: many line items only apply for contracts measured under or not under the Premium Allocation Approach (PAA). That creates conditional reporting pathways and possible errors if classification is inconsistent. (multiple table notes)\n- Cross‑standard dependencies: the standard depends on GPS 001 for definitions, GPS 310 for auditor obligations and GRS 001 for timing/format rules. Firms must align their legal/prudential, accounting and assurance workstreams.\n\n**Practical checklist (who does what)\n\n- Parent entity: ensure data collection across the Level 2 group, internal controls, board approval of authorising officers and retention of submitted copies. (paras 3, 12, 14–15)\n- Finance/actuarial teams: prepare roll‑forwards in AUD, segmented by Australian vs international vs inter‑region elimination, and populate the detailed items specified by the standard (Items 1–29 across the roll‑forwards). (General instructions; Part A & B)\n- Group Auditor: plan and perform testing of systems/processes and provide the required limited assurance work per GPS 310. (para 11)\n- APRA: may vary reporting frequency/content or grant extensions and will receive/accept submissions electronically. (paras 5, 7, 8, 9, 16)\n\n(References: application and commencement para 3; information required para 4; method of submission para 5; reporting periods paras 6–10; quality control paras 11–12; authorisation paras 13–15; variations para 16; interpretation para 17; general and specific table instructions in Parts A and B.)"}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2023","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2023/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2023/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2023/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2023/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2023/documents"}}