13.2 Movements in PPS Profit-Share, long-term insurance policy liabilities and re-insurance assets – Long-term insurance contracts with and without DPF Group 2022 2021 Gross Reinsurance Net Gross Reinsurance Net R’m R’m R’m R’m R’m R’m Analysis of balance at beginning of the year: Non-DPF liability (Sickness and disability and Life Policies) 5 297 43 5 254 5 121 (51) 5 172 DPF liability (PPS Profit-Share Accounts) 33 219 – 33 219 29 467 – 29 467 Cessation benefits (PPS Profit-Share Accounts) (notified claims) 483 – 483 295 – 295 Sickness and disability policies – Claims payable (notified claims) 29 – 29 27 – 27 – Unintimated claims (IBNR) 149 16 133 150 8 142 Life policies – Claims payable – (notified claims) 325 – 325 266 – 266 – Unintimated claims (IBNR) 119 27 92 91 25 66 Total at beginning of the year 39 621 86 39 535 35 417 (18) 35 435 Change in Insurance policy liabilities per Statement of Comprehensive Income (1 013) (145) (868) 3 942 104 3 838 Transfer to Revaluation Reserve 10 – 10 (4) – (4) Movement in claims liabilities – arising from current year claims (134) – (134) 123 – 123 – arising from prior year claims 5 – 5 143 – 143 Total movement in insurance policy liabilities (1 132) (145) (987) 4 204 104 4 100 13. PPS Profit-Share accounts and Long-term insurance policy liabilities (continued) 139 Notes to the Consolidated Financial Statements
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