7. Reinsurance assets and liabilities Group 2022 2021 R’m R’m Reinsurance Assets Total assets arising from reinsurance contracts at beginning of the year 165 43 Reinsurers’ share of long-term insurance policy liabilities (note 13.2) – 104 Reinsurers’ share of short-term insurance policy liabilities (note 14.2) 39 40 Transfer to / from reinsurance liabilities (86) (22) Total assets arising from reinsurance contracts at end of the year 118 165 Non-current 118 165 Reinsurance Liabilities Total liabilities arising from reinsurance contracts at beginning of the year – (22) Transfer from / to reinsurance assets 86 22 Reinsurers' share of long-term insurance policy liabilities (note 13.2) (145) – Total liabilities arising from reinsurance contracts at end of the year (59) – Non-current (59) – Net Reinsurance assets/(liabilities) per Group entity: Professional Provident Society Insurance Company Limited (52) 79 Professional Provident Society Insurance Company (Namibia) Limited (7) 7 Professional Provident Society Short-Term Insurance Company Limited 118 79 Total net assets arising from reinsurance contracts at end of the year 59 165 Amounts due from reinsurers in respect of claims already paid by the Group on the contracts that are reinsured are included in Insurance and other receivables (note 8). 133 Notes to the Consolidated Financial Statements
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