NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2022 13. PPS Profit-Share accounts and Long-term insurance policy liabilities (continued) 13.2 Movements in long-term insurance policy liabilities and re-insurance assets – Long‑term insurance contracts with and without DPF (continued) Group 2022 2021 Gross Reinsurance Net Gross Reinsurance Net R’m R’m R’m R’m R’m R’m Total movement allocated (1 132) (145) (987) 4 204 104 4 100 Non-DPF Liabilities (Sickness and disability and Life Policies) (70) (137) 67 176 94 82 DPF liability (PPS Profit-Share Accounts) (925) – (925) 3 752 – 3 752 Cessation benefits (PPS Profit-Share Accounts) (notified claims) (34) – (34) 188 – 188 Sickness and disability policies – Claims payable (notified claims) (5) – (5) 2 – 2 – Unintimated claims (IBNR) 78 13 65 (1) 8 (9) Life policies – Claims payable (notified claims) (86) – (86) 59 – 59 – Unintimated claims (IBNR) (90) (21) (69) 28 2 26 Analysis of balance at end of the year: Non-DPF Liabilities (Sickness and disability and Life Policies) 5 227 (94) 5 321 5 297 43 5 254 DPF liability (PPS Profit-Share Accounts) 32 294 – 32 294 33 219 – 33 219 Cessation benefits (PPS Profit-Share Accounts) (notified claims) 449 – 449 483 – 483 Sickness and disability policies – Claims payable (notified claims) 24 – 24 29 – 29 – Unintimated claims (IBNR) 227 29 198 149 16 133 Life Policies – Claims payable (notified claims) 239 – 239 325 – 325 – Unintimated claims (IBNR) 29 6 23 119 27 92 140 Notes to the Consolidated Financial Statements
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