Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023
Table 12: Actual Annual Loss Ratio CompoTable 12: Actual Annual Loss Ratio Components — All Benefits — All Business
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Table 12: Actual Annual Loss Ratio Components – All Benefits – All Business
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));
all benefits (but report by each of the listed insurance benefit types); and
all business (but report by each of the listed insurance business types).
Report this table for each statutory fund for life insurers and each benefit fund for friendly societies.
Report actual annual loss ratio components.
Report this table on an annual basis only.
Report this item for the year up to the close of business on the last day of the reporting period.
For death, TPD and trauma related data items, insurers may apply allocations to report the items.
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 | 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. |
| 4 | Insurance Business Type | In-force businessNew business | Report insurance business type. |
| 5 | Insurance Benefit Type | Non-participating benefitsParticipating benefitsFriendly society benefits | Report insurance benefit type. |
| 6 | Actual Gross Premiums Accrued | Whole dollars |