Division Table 1: Unstressed RFBEL - Non-particip - Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023 - Table 1: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits — In-force Business — As At The Reporting Date

Table 1: Unstressed RFBEL - Non-participTable 1: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits — In-force Business — As At The Reporting Date

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Table 1: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits – In-force Business – As At The Reporting Date

Reporting basis

This section relates to:

life companies including friendly societies (approved benefit funds, which write defined benefit risk products (i.e. APRA product group F4));
non-participating benefits without entitlement to discretionary additions and friendly society benefits; and
in-force business.

Report this table for each statutory fund for life insurers and each benefit fund for friendly societies.

Report unstressed values before the effect of insurance risk stresses as at the reporting date.

Report this table on an annual basis only.

Units of measurement

Report the dollar values in this table in whole Australian dollars.

Report all items (including premium related numbers) as positive numbers unless otherwise stated.

	Name	Valid values	Description
1	Life Company Fund Type	Statutory fundBenefit fund	Report life company fund.
2	Life Company Fund Name	Free text	Report the name of life company fund.
3	APRA Product Group	L1 - ConventionalL2 - Annuity with longevity riskL3_1 - Individual lump sum risk - stepped premiumL6 - Individual disability income insurance - stepped premiumL7_1 - Individual lump sum risk - otherL10 - Individual disability income insurance - otherL11_1 - Group lump sum riskL14 - Group disability income insuranceL15 - Investment linkedL16 - Investment policy with discretionary additionsL17 - Other investment policyL18 - Annuity without longevity riskL19 - OtherF4 - Defined benefit risk	Report APRA product group.
4	Insurance Business Type	In-force business - Unstressed RFBEL (gross of reinsurance)In-force business - Unstressed RFBEL (net of reinsurance)	Report insurance business type.
5	Valuation Basis	LY/LYLY/TYTY/TY	Report valuation basis.
6	Annuity And Investment Liability	Whole dollars	Report annuity and investment liability amount.

Name

Valid values

Description

Life Company Fund Type

Statutory fundBenefit fund

Report life company fund.

Life Company Fund Name

Free text

Report the name of life company fund.

APRA Product Group

L1 - ConventionalL2 - Annuity with longevity riskL3_1 - Individual lump sum risk - stepped premiumL6 - Individual disability income insurance - stepped premiumL7_1 - Individual lump sum risk - otherL10 - Individual disability income insurance - otherL11_1 - Group lump sum riskL14 - Group disability income insuranceL15 - Investment linkedL16 - Investment policy with discretionary additionsL17 - Other investment policyL18 - Annuity without longevity riskL19 - OtherF4 - Defined benefit risk

Report APRA product group.

Insurance Business Type

New business - Unstressed RFBEL (gross of reinsurance)New business - Unstressed RFBEL (net of reinsurance)

Report insurance business type.

Valuation Date

As at reporting dateAs at 12 months after reporting date (discounted back to reporting date)

Report valuation date.

Annuity And Investment Liability

Whole dollars

Report annuity and investment liability amount.

CICP Reserve

Whole dollars

Report CICP reserve amount.

RBNA Reserve

Whole dollars

Report RBNA reserve amount.

IBNR Reserve

Whole dollars

Report IBNR reserve amount.

URR

Whole dollars

Report URR amount.

Other Past Premium Liability Component

Whole dollars

Report other past premium liability component amount.

Present Value Of Expected Premiums

Whole dollars

Report present value of expected premiums amount.

Present Value Of Expected Incurred Claims

Whole dollars

Report present value of expected incurred claims amount.

Present Value Of Expected Commissions

Whole dollars

Report present value of expected commissions amount.

Present Value Of Expected Maintenance And Overhead Costs

Whole dollars

Report present value of expected maintenance and overhead costs amount.

Present Value Of Expected Other Future Premium Liability Component

Whole dollars

Report present value of expected other future premium liability component amount.

	Name	Valid values	Description
1	Life Company Fund Name	Free text	Report the name of life company fund.
2	APRA Product Group	L1 - ConventionalL2 - Annuity with longevity riskL3_1 - Individual lump sum risk - stepped premiumL6 - Individual disability income insurance - stepped premiumL7_1 - Individual lump sum risk - otherL10 - Individual disability income insurance - otherL11_1 - Group lump sum riskL14 - Group disability income insuranceL15 - Investment linkedL16 - Investment policy with discretionary additionsL17 - Other investment policyL18 - Annuity without longevity riskL19 - Other	Report APRA product group.
3	Insurance Business Type	All business - Unstressed RFBEL (gross of reinsurance)All business - Unstressed RFBEL (net of reinsurance)	Report insurance business type.
4	Valuation Date	As at reporting dateAs at 12 months after reporting date (discounted back to reporting date)	Report valuation date.
5	Annuity And Investment Liability	Whole dollars	Report annuity and investment liability amount.
6	CICP Reserve	Whole dollars	Report CICP reserve amount.
7	RBNA Reserve	Whole dollars	Report RBNA reserve amount.
8	IBNR Reserve	Whole dollars	Report IBNR reserve amount.
9	URR	Whole dollars	Report URR amount.
10	Other Past Premium Liability Component	Whole dollars	Report other past premium liability component amount.
11	Present Value Of Expected Premiums	Whole dollars	Report present value of expected premiums amount.
12	Present Value Of Expected Incurred Claims	Whole dollars	Report present value of expected incurred claims amount.
13	Present Value Of Expected Commissions	Whole dollars	Report present value of expected commissions amount.
14	Present Value Of Expected Maintenance And Overhead Costs	Whole dollars	Report present value of expected maintenance and overhead costs amount.
15	Present Value Of Expected Other Future Premium Liability Component	Whole dollars	Report present value of expected other future premium liability component amount.

Name

Valid values

Description

Life Company Fund Type

Statutory fundBenefit fund

Report life company fund.

Life Company Fund Name

Free text

Report the name of life company fund.

Insurance Benefit Type

Non-participating benefitsParticipating benefitsFriendly society benefits

Report insurance benefit type.

APRA Product Group

Report APRA product group.

Insurance Business Type

All business - Stressed RFBEL (gross of reinsurance)All business - Stressed RFBEL (net of reinsurance)

Report insurance business.

Valuation Date

As at reporting dateAs at 12 months after reporting date (discounted back to reporting date)

Report valuation date.

Annuity And Investment Liability

Whole dollars

Report annuity and investment liability amount.

CICP Reserve

Whole dollars

Report Claims in Course of Payment (CICP) reserve amount.

RBNA Reserve

Whole dollars

Report Reported But Not Assessed (RBNA) reserve amount.

IBNR Reserve

Whole dollars

Report Incurred But Not Reported (IBNR) reserve amount.

URR

Whole dollars

Report Unexpired Risk Reserve (URR) amount.

Other Past Premium Liability Component

Whole dollars

Report other past premium liability component amount.

Present Value Of Expected Premiums

Whole dollars

Report present value of expected premiums amount.

Present Value Of Expected Incurred Claims

Whole dollars

Report present value of expected incurred claims amount.

Present Value Of Expected Commissions

Whole dollars

Report present value of expected commissions amount.

Present Value Of Expected Maintenance And Overhead Costs

Whole dollars

Report present value of expected maintenance and overhead costs amount.

Present Value Of Expected Other Future Premium Liability Component

Whole dollars

Report present value of expected other future premium liability component amount.

	Name	Valid values	Description
1	Life Company Fund Name	Free text	Report the name of life company fund.
2	APRA Product Group	L1 - ConventionalL2 - Annuity with longevity riskL3_1 - Individual lump sum risk - stepped premiumL6 - Individual disability income insurance - stepped premiumL7_1 - Individual lump sum risk - otherL10 - Individual disability income insurance - otherL11_1 - Group lump sum riskL14 - Group disability income insuranceL15 - Investment linkedL16 - Investment policy with discretionary additionsL17 - Other investment policyL18 - Annuity without longevity riskL19 - Other	Report APRA product group.
3	Insurance Benefit Type	Non-participating benefits with entitlement to discretionary additionsParticipating benefits	Report insurance benefit type.
4	Insurance Business Type	All business - Unstressed RFBEL (gross of reinsurance)All business - Unstressed RFBEL (net of reinsurance)	Report insurance business type.
5	Valuation Basis	LY/LYLY/TYTY/TY	Report valuation basis.
6	Present Value Of Expected Receipts	Whole dollars	Report present value of expected receipts amount.
7	Present Value Of Expected Benefit Payments	Whole dollars	Report present value of expected benefit payments amount.
8	Present Value Of Expected Expenses	Whole dollars	Report present value of expected expenses amount.
9	Present Value Of Expected RFBEL Other Components	Whole dollars	Report present value of expected other RFBEL components amount.
10	Present Value Of Risk-Free Value Of Future Bonuses	Whole dollars	Report present value of risk-free value of future bonuses amount.This item only applies when insurance benefit is:Participating benefits.

	Name	Valid values	Description
1	Life Company Fund Name	Free text	Report the name of life company fund.
2	APRA Product Group	L1 - ConventionalL2 - Annuity with longevity riskL3_1 - Individual lump sum risk - stepped premiumL6 - Individual disability income insurance - stepped premiumL7_1 - Individual lump sum risk - otherL10 - Individual disability income insurance - otherL11_1 - Group lump sum riskL14 - Group disability income insuranceL15 - Investment linkedL16 - Investment policy with discretionary additionsL17 - Other investment policyL18 - Annuity without longevity riskL19 - Other	Report APRA product group.
3	Insurance Benefit Type	Non-participating benefits with entitlement to discretionary additionsParticipating benefits	Report insurance benefit type.
4	Policy Owners Retained Profits (PRP)	Whole dollars	Report policy owners’ retained profits (PRP) amount.This item only applies when insurance benefit is:Participating benefits.
5	Termination Value	Whole dollars	Report termination value amount.
6	Investment Fluctuation Reserve (IFR)	Whole dollars	Report Investment Fluctuation Reserve (IFR) amount.This item only applies when insurance benefit is:Non-participating benefits with entitlement to discretionary additions

	Name	Valid values	Description
1	Life Company Fund Name	Free text	Report the name of life company fund.
2	Capital Requirement Excluding Hedging	Whole dollars	Report capital requirement excluding hedging amount.
3	Capital Requirement Including Hedging	Whole dollars	Report capital requirement including hedging amount
4	Diversification Factor Between Asset And Insurance Risks	Decimal	Report diversification factor between asset and insurance risks within the range of 0 to 1.
5	Effectiveness Factor	Decimal	Report effectiveness factor within the range of 0 to 0.7.

Name

Valid values

Description

Life Company Fund Type

Statutory fundBenefit fund

Report life company fund.

Life Company Fund Name

Free text

Report the name of life company fund.

APRA Product Group

L3. Individual death - stepped premiumL4. Individual total and permanent disability - stepped premiumL5. Individual trauma - stepped premiumL6. Individual disability income insurance - stepped premiumL7. Individual death - otherL8. Individual total and permanent disability - otherL9. Individual trauma - otherL10. Individual disability income insurance - otherL11. Group deathL12. Group total and permanent disabilityL13. Group traumaL14. Group disability income insuranceF4. Defined benefit risk

Report APRA product group.

Insurance Business Type

In-force businessNew business

Report insurance business type.

Insurance Benefit Type

Non-participating benefitsParticipating benefitsFriendly society benefits

Report insurance benefit type.

Actual Gross Premiums Accrued

Whole dollars

Report actual gross premiums accrued amount.

Actual Gross Claims Incurred

Whole dollars

Report actual gross claims incurred amount.

Actual Gross Renewal Commissions Incurred

Whole dollars

Report actual gross renewal commissions incurred amount.This item applies when insurance business is:In-force business.

Actual Net Premiums Accrued

Whole dollars

Report actual net premiums accrued amount .

Actual Net Claims Incurred

Whole dollars

Report actual net claims incurred amount.

Actual Net Renewal Commissions Incurred

Whole dollars

Report actual net renewal commissions incurred amount.This item only applies when insurance business is:In-force business.

Actual Maintenance And Overhead Costs Incurred

Whole dollars

Report actual maintenance and overhead costs incurred amount.

Actual Gross Initial Commissions Paid

Whole dollars

Report actual gross initial commissions paid amount.This item only applies when insurance business is:New business.

Actual Net Initial Commissions Paid

Whole dollars

Report actual net initial commissions paid amount.This item only applies when insurance business is:New business.

Table 1: Unstressed RFBEL - Non-participTable 1: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits — In-force Business — As At The Reporting Date

Get a plain-English read of Table 1: Unstressed RFBEL - Non-particip

Table 1: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits – In-force Business – As At The Reporting Date

Reporting basis

Table 2: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits - In-force Business - As At 12 Months After The Reporting Date (Discounted Back To The Reporting Date)

Table 3: Unstressed RFBEL - Non-participating Benefit Without Entitlement To Discretionary Additions And Friendly Society Benefits - New Business - As At The Reporting Date And 12 Months After The Reporting Date (Discounted Back To Reporting Date)

Table 4: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions - All Business - As At The Reporting Date And 12 Months After The Reporting Date (Discounted Back To Reporting Date)

Table 5: Stressed RFBEL – All Benefits - All Business - As At The Reporting Date And 12 Months After The Reporting Date (Discounted Back To Reporting Date)

Table 6: Components Of Termination Value – Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits – All Business - As At The Reporting Date

Table 7: Unstressed RFBEL - Non-participating Benefits With Entitlement To Discretionary Additions And Participating Benefits - All Business – As At Reporting Date

Table 8: Unstressed Other APL Components - Non-participating Benefits With Entitlement To Discretionary Additions And Participating Benefits - All Business – As At Reporting Date

Table 9: Termination Values – All Benefits - All Business – As At Reporting Date

Table 11: Variable Annuity Capital Charge Calculation

Table 12: Actual Annual Loss Ratio Components – All Benefits – All Business

Table 13: Expected Annual Loss Ratio Components – All Benefits – In-force Business

Table 14: Actual Quarterly Loss Ratio Components – All Benefits – All Business