Commonwealth Coat of Arms of Australia

Reporting Standard LRS 200.0

Capital Adequacy Supplementary Information

Objective of this Reporting Standard

This Reporting Standard sets out the requirements for the provision of information to APRA in relation to the supplementary information used to calculate a life company’s capital adequacy.

It includes associated specific instructions and must be read in conjunction with Reporting Standard LRS 001 Reporting Requirements (LRS 001), including the general instruction guide.

Authority

1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

2. The information reported to APRA under this Reporting Standard is used by APRA for the purpose of prudential supervision including assessing compliance with capital adequacy standards.

Application and commencement

3. This Reporting Standard applies to all life insurance companies including friendly societies (together referred to as ‘life companies’) registered under the Life Insurance Act 1995 (Life Act). For friendly societies, this Reporting Standard only applies to approved benefit funds, which write defined benefit risk products (i.e. APRA product group F4). This Reporting Standard applies for reporting periods ending on or after 1 July 2023.

Information required

4. A life company must provide APRA with the information required by this Reporting Standard for each reporting period.

5. The information reported to APRA under this Reporting Standard is not required to be given to policy owners pursuant to section 124 of the Life Act. It does not constitute a reporting document for the purposes of section 124.

<table cellspacing="0" cellpadding="0" style="width:100%; border:0.75pt solid #000000; border-collapse:collapse"><thead><tr style="height:15.4pt"><td rowspan="3" style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; background-color:#d8d8d8"><p style="text-align:center"><span style="font-weight:bold">Table</span></p></td><td rowspan="3" style="width:35.02%; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; background-color:#d8d8d8"><p style="text-align:center"><span style="font-weight:bold">Description</span></p></td><td colspan="3" style="border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; background-color:#d8d8d8"><p style="text-align:center"><span style="font-weight:bold">Type of Entity and Reporting Period</span></p></td></tr><tr style="height:10.55pt"><td colspan="2" style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; background-color:#d8d8d8"><p style="text-align:center"><span style="font-weight:bold">Life insurers</span></p></td><td style="width:19.86%; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; background-color:#d8d8d8"><p style="text-align:center"><span style="font-weight:bold">Friendly societies (only benefit funds which write APRA product group F4)</span></p></td></tr><tr style="height:25.15pt"><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; background-color:#d8d8d8"><p style="text-align:center"><span style="font-weight:bold">Annual</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; background-color:#d8d8d8"><p style="text-align:center"><span style="font-weight:bold">Quarterly</span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; background-color:#d8d8d8"><p style="text-align:center"><span style="font-weight:bold">Annual</span></p></td></tr></thead><tbody><tr style="height:84.25pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>1</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Unstressed RFBEL</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">Non-participating benefits without entitlement to discretionary additions and friendly society benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">In-force business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span></span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:85.75pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>2</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Unstressed RFBEL</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">Non-participating benefits without entitlement to discretionary additions and friendly society benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">In-force business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at 12 months after reporting date (discounted back to reporting date)</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span></span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:61.65pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>3</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Unstressed RFBEL</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">Non-participating benefits without entitlement to discretionary additions and friendly society benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">New business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date and as at 12 months after reporting date (discounted back to reporting date)</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span></span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:61.65pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>4</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Unstressed RFBEL</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">Non-participating benefits without entitlement to discretionary additions</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date and as at 12 months after reporting date (discounted back to reporting date)</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span></span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span></span></p></td></tr><tr style="height:30.8pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>5</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Stressed RFBEL</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date and as at 12 months after reporting date (discounted back to reporting date)</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:31.3pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>6</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Components of termination value</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">Non-participating benefits without entitlement to discretionary additions and friendly society benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:77.1pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>7</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Unstressed RFBEL</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">Non-participating benefits with entitlement to discretionary additions and participating benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span></span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span></span></p></td></tr><tr style="height:77.1pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>8</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Unstressed other APL components</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">Non-participating benefits with entitlement to discretionary additions and participating benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span></span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span></span></p></td></tr><tr style="height:30.8pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>9</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Termination values</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:30.8pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>10</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Impact of stress margin</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">As at reporting date</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:15.4pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>11</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Variable annuity capital charge calculation</span></p></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span></span></p></td></tr><tr style="height:30.8pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>12</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Actual annual loss ratio components</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span></span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:30.8pt"><td style="width:8.92%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>13</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Expected annual loss ratio components</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">In-force business</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span></span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span>Y</span></p></td></tr><tr style="height:30.8pt"><td style="width:8.92%; border-right:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p style="text-align:center"><span>14</span></p></td><td style="width:35.02%; border-right:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p><span>Actual quarterly loss ratio components</span></p><ul style="margin:0pt; padding-left:0pt"><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All benefits</span></li><li class="ListParagraph" style="margin-left:15.47pt; padding-left:7.48pt; font-family:serif; font-size:12pt"><span style="font-family:'Times New Roman', serif">All business</span></li></ul></td><td style="width:18.88%; border-right:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p><span></span></p></td><td style="width:17.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt"><p style="text-align:center"><span>Y</span></p></td><td style="width:19.86%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt"><p style="text-align:center"><span></span></p></td></tr></tbody></table>