Group 2022 2021 Gross Reinsurance Net Gross Reinsurance Net R’m R’m R’m R’m R’m R’m Total at end of the year 38 489 (59) 38 548 39 621 86 39 535 Current 968 35 933 1 105 43 1 062 Non-current 37 521 (94) 37 615 38 516 43 38 473 Total 38 489 (59) 38 548 39 621 86 39 535 Group 2022 2021 R’m R’m The non-DPF liabilities developed as follows: Liabilities at beginning of the year 5 254 5 172 Unwinding of discount rate 359 277 Expected cash flows (240) (458) Expected risk liability at year-end 5 373 4 991 Impact of movements (345) (260) Asset value adjustments (10) 95 Risk benefit liability for new business issued 303 428 Non-DPF liabilities at end of the year 5 321 5 254 The DPF liabilities developed as follows: Liabilities at beginning of the year 33 219 29 467 Claims paid during the year (1 574) (1 642) Allocation of profits 619 5 464 Movement in unallocated profit – (33) Asset value adjustments 30 (37) DPF liabilities at end of the year 32 294 33 219 Analysis of total insurance policy liabilities, net of reinsurance: Non-DPF liabilities 5 321 5 254 DPF liabilities 32 294 33 219 Notified claims & IBNR liabilities 933 1 062 Liabilities at end of the year 38 548 39 535 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) 141 Notes to the Consolidated Financial Statements
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