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    "concept": "sabreinsurgroupplc:ProceedsFromTheSaleAndMaturityOfInvestedAssetsClassifiedAsOperatingActivities",
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  "fact-281": {
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   "decimals": -3,
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    "concept": "sabreinsurgroupplc:PurchasesOfInvestedAssetsClassifiedASOperatingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-282": {
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    "concept": "sabreinsurgroupplc:PurchasesOfInvestedAssetsClassifiedASOperatingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
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    "unit": "iso4217:GBP"
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  "fact-283": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  },
  "fact-284": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
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    "unit": "iso4217:GBP"
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  "fact-285": {
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   "decimals": -3,
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    "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
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    "unit": "iso4217:GBP"
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  },
  "fact-287": {
   "value": "-253000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-288": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  },
  "fact-289": {
   "value": "-1069000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "sabreinsurgroupplc:NetCashUsedInAcquiringAndDisposingOfOwnSharesClassifiedAsFinancingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-290": {
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   "decimals": -3,
   "dimensions": {
    "concept": "sabreinsurgroupplc:NetCashUsedInAcquiringAndDisposingOfOwnSharesClassifiedAsFinancingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
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    "unit": "iso4217:GBP"
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  "fact-291": {
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    "concept": "ifrs-full:ProceedsFromExerciseOfOptions",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  },
  "fact-292": {
   "value": "0.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromExerciseOfOptions",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  },
  "fact-293": {
   "value": "5067000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  },
  "fact-294": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-295": {
   "value": "36338000.0",
   "decimals": -3,
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    "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-296": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-297": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
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    "unit": "iso4217:GBP"
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
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  "fact-299": {
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   "decimals": -3,
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    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
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    "unit": "iso4217:GBP"
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   "decimals": -3,
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    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
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   "decimals": -3,
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    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:GBP"
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  "fact-303": {
   "value": "25475000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-304": {
   "value": "31314000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-307": {
   "value": "<div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs61\">Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc is a company incorpor<span class=\"_ _c\"></span>ated in the Unit<span class=\"_ _c\"></span>ed Kingdom and regist<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed in England and <span class=\"_ _0\"></span>W<span class=\"_ _c\"></span>ales.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The addr<span class=\"_ _c\"></span>ess of the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs62\">r<span class=\"_ _0\"></span>egister<span class=\"_ _c\"></span>ed office is Sabr<span class=\"_ _c\"></span>e House,<span class=\"_ _2\"></span> 150 South Street,<span class=\"_ _2\"></span> Dorking,<span class=\"_ _b\"></span> Surrey<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> RH4 2YY<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> England.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The nature of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s operations is the writing of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs63\">gener<span class=\"_ _0\"></span>al insur<span class=\"_ _0\"></span>ance for mot<span class=\"_ _c\"></span>or vehicles,<span class=\"_ _2\"></span> including t<span class=\"_ _c\"></span>axis and motor<span class=\"_ _c\"></span>cycles.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _2\"></span>s principal activity is that of a holding company<span class=\"_ _2\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "Sabre Insurance Group plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-305": {
   "value": "plc",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "Sabre House, 150 South Street, Dorking, Surrey, RH4 2YY, England",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "The nature of the Group\u2019s operations is the writing of general insurance for motor vehicles, including taxis and motorcycles. The Company\u2019s principal activity is that of a holding company.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-306": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls78 ws78 gs65\">1<span class=\"_ _c\"></span>. A<span class=\"_ _c\"></span>CCOUNTING POLICIES<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs66\">The principal accounting policies applied in the pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ation of these Consolidat<span class=\"_ _0\"></span>ed and Company Financial St<span class=\"_ _c\"></span>atements ar<span class=\"_ _0\"></span>e included in the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs67\">specific notes t<span class=\"_ _c\"></span>o which they r<span class=\"_ _0\"></span>elate<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These policies have been consist<span class=\"_ _0\"></span>ently applied to all the y<span class=\"_ _c\"></span>ears present<span class=\"_ _0\"></span>ed,<span class=\"_ _2\"></span> unless otherwise indicated.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs68\">1<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>. BAS<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>S OF P<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>PARATIO<span class=\"_ _1\"></span>N<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs69\">The financial st<span class=\"_ _0\"></span>atements of the Gr<span class=\"_ _c\"></span>oup have been pr<span class=\"_ _c\"></span>epared in accor<span class=\"_ _c\"></span>dance with UK-adopted int<span class=\"_ _0\"></span>ernational accounting standar<span class=\"_ _c\"></span>ds,<span class=\"_ _2\"></span> comprising </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs6a\">International <span class=\"_ _c\"></span>Accounting St<span class=\"_ _0\"></span>andards (\u201cIAS\u201d) and Int<span class=\"_ _c\"></span>ernational Financial Repor<span class=\"_ _1\"></span>ting Standar<span class=\"_ _c\"></span>ds (\u201cIFRS\u201d),<span class=\"_ _2\"></span> and the requir<span class=\"_ _c\"></span>ements of the Companies </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs6b\">Act 2006.<span class=\"_ _2\"></span> Endorsement of accounting standar<span class=\"_ _c\"></span>ds is grant<span class=\"_ _c\"></span>ed by the UK Endorsement Board (\u201cUKEB\u201d).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs6c\">The financial st<span class=\"_ _0\"></span>atements ar<span class=\"_ _c\"></span>e prepar<span class=\"_ _c\"></span>ed in accordance with the going concern principle using the hist<span class=\"_ _0\"></span>orical cost basis,<span class=\"_ _2\"></span> except f<span class=\"_ _c\"></span>or those </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs6d\">financial assets and owner<span class=\"_ _c\"></span>-occupied properties that hav<span class=\"_ _0\"></span>e been measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The prepar<span class=\"_ _c\"></span>ation of the financial stat<span class=\"_ _c\"></span>ements </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs6e\">necessitat<span class=\"_ _c\"></span>es the use of estimates,<span class=\"_ _2\"></span> assumptions and judgements that af<span class=\"_ _c\"></span>fect the r<span class=\"_ _0\"></span>eported amounts in the St<span class=\"_ _0\"></span>atement of Financial P<span class=\"_ _0\"></span>osition </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs6f\">and the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Where appr<span class=\"_ _c\"></span>opriate,<span class=\"_ _2\"></span> det<span class=\"_ _0\"></span>ails of estimat<span class=\"_ _0\"></span>es are pr<span class=\"_ _c\"></span>esented in the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs70\">accompan<span class=\"_ _0\"></span>ying notes t<span class=\"_ _c\"></span>o the Consolidated Financial St<span class=\"_ _0\"></span>atements<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs71\">As the full impact of climat<span class=\"_ _0\"></span>e change is curr<span class=\"_ _0\"></span>ently unknown,<span class=\"_ _2\"></span> it is not possible t<span class=\"_ _0\"></span>o consider all possible futur<span class=\"_ _0\"></span>e outcomes when determining the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs72\">value of assets<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> liabilities and the timing of futur<span class=\"_ _0\"></span>e cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s view is that an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>easonable impact of climate c<span class=\"_ _0\"></span>hange would not </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs73\">hav<span class=\"_ _0\"></span>e a material impact on the v<span class=\"_ _0\"></span>aluation of assets and liabilities at the year<span class=\"_ _c\"></span>-end date<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs74\">The financial st<span class=\"_ _0\"></span>atements v<span class=\"_ _c\"></span>alues are pr<span class=\"_ _c\"></span>esented in pounds sterling (\u00a3) r<span class=\"_ _c\"></span>ounded to the near<span class=\"_ _c\"></span>est thousand (\u00a3\u2019k),<span class=\"_ _2\"></span> unless otherwise indicated.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs75\">The Gr<span class=\"_ _c\"></span>oup presents its St<span class=\"_ _0\"></span>atement of Financial P<span class=\"_ _0\"></span>osition br<span class=\"_ _0\"></span>oadly in or<span class=\"_ _0\"></span>der of liquidity<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An analysis regar<span class=\"_ _0\"></span>ding r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y or settlement within 12 months </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs76\">after the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting dat<span class=\"_ _0\"></span>e (curr<span class=\"_ _0\"></span>ent) and mor<span class=\"_ _0\"></span>e than 12 months after the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting date (non-curr<span class=\"_ _c\"></span>ent) is present<span class=\"_ _c\"></span>ed in the respectiv<span class=\"_ _0\"></span>e notes<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs77\">Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ed in the Stat<span class=\"_ _c\"></span>ement of Financial Position only when ther<span class=\"_ _0\"></span>e is </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs78\">a legally enfor<span class=\"_ _c\"></span>ceable right to of<span class=\"_ _c\"></span>fset the recognised amounts and ther<span class=\"_ _c\"></span>e is an intention t<span class=\"_ _0\"></span>o settle on a net basis,<span class=\"_ _2\"></span> or t<span class=\"_ _0\"></span>o realise the assets and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs79\">settle<span class=\"_ gs41\"> </span>the liability simult<span class=\"_ _c\"></span>aneously<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs7a\">1<span class=\"_ _c\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>. GOI<span class=\"_ _1\"></span>NG C<span class=\"_ _1\"></span>ONC<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>RN<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs7b\">The Consolidat<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _c\"></span>ements have been pr<span class=\"_ _c\"></span>epared on a going concern basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Dir<span class=\"_ _0\"></span>ectors ha<span class=\"_ _0\"></span>ve a r<span class=\"_ _c\"></span>easonable expectation that </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs7c\">the Gr<span class=\"_ _0\"></span>oup has adequate r<span class=\"_ _c\"></span>esour<span class=\"_ _0\"></span>ces to contin<span class=\"_ _0\"></span>ue in oper<span class=\"_ _0\"></span>ation for at least 12 months fr<span class=\"_ _c\"></span>om the date the Dir<span class=\"_ _c\"></span>ectors appr<span class=\"_ _c\"></span>oved these Financial </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs7d\">Stat<span class=\"_ _c\"></span>ements and that theref<span class=\"_ _c\"></span>ore it is appr<span class=\"_ _c\"></span>opriate to adopt a going concern basis f<span class=\"_ _c\"></span>or the prepar<span class=\"_ _c\"></span>ation of the Financial Stat<span class=\"_ _0\"></span>ements.<span class=\"_ _2\"></span> In making </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs7e\">their assessment,<span class=\"_ _2\"></span> the Dir<span class=\"_ _0\"></span>ectors t<span class=\"_ _c\"></span>ook into account the pot<span class=\"_ _0\"></span>ential impact of the principal risks that could pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ent the Gr<span class=\"_ _0\"></span>oup fr<span class=\"_ _0\"></span>om achieving its </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs7f\">str<span class=\"_ _0\"></span>ategic objectiv<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs80\">The assessment was based on the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s Own Risk and Solvency <span class=\"_ _c\"></span>Assessment (\u201cORSA<span class=\"_ _c\"></span>\u201d),<span class=\"_ _2\"></span> which brings together management\u2019<span class=\"_ _2\"></span>s view of curr<span class=\"_ _c\"></span>ent<span class=\"_ _1\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs81\">and emerging risks<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> with scenario-based analysis and r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erse str<span class=\"_ _0\"></span>ess testing t<span class=\"_ _c\"></span>o form a conclusion as t<span class=\"_ _0\"></span>o the financial stability of the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2d8\"> </span></div>Consider<span class=\"_ _0\"></span>ation was also giv<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>o what the Gr<span class=\"_ _0\"></span>oup considers its principal risks which ar<span class=\"_ _0\"></span>e set out in the Principal Risks and Uncertainties section on pages 22 to 30 of the Str<span class=\"_ _c\"></span>ategic Report.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The assessment also included consideration of an<span class=\"_ _c\"></span>y scenarios which might cause the Group<span class=\"_ gs41\"> </span>t<span class=\"_ _c\"></span>o br<span class=\"_ _0\"></span>each its solvency r<span class=\"_ _c\"></span>equirements which ar<span class=\"_ _c\"></span>e not otherwise cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed in the risk-based scenario testing<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>W<span class=\"_ _c\"></span>e have assessed the short-,<span class=\"_ _2\"></span> medium- and long-term risks associat<span class=\"_ _0\"></span>ed with climat<span class=\"_ _0\"></span>e change.<span class=\"_ _2\"></span> Giv<span class=\"_ _0\"></span>en the geogr<span class=\"_ _0\"></span>aphical diversity of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s policyholders within the UK,<span class=\"_ _2\"></span> and the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance progr<span class=\"_ _c\"></span>amme,<span class=\"_ _2\"></span> it is highly unlik<span class=\"_ _0\"></span>ely that a climate e<span class=\"_ _0\"></span>vent will mat<span class=\"_ _c\"></span>erially impact Sabre\u2019<span class=\"_ _2\"></span>s ability to contin<span class=\"_ _c\"></span>ue trading.<span class=\"_ _2\"></span> Mor<span class=\"_ _c\"></span>e likely is that the costs associat<span class=\"_ _0\"></span>ed with the tr<span class=\"_ _0\"></span>ansition t<span class=\"_ _0\"></span>o a low-carbon econom<span class=\"_ _0\"></span>y will impact the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s indemnity spend,<span class=\"_ _2\"></span> as electric vehicles ar<span class=\"_ _c\"></span>e currently r<span class=\"_ _c\"></span>elatively expensiv<span class=\"_ _c\"></span>e to fix.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>W<span class=\"_ _c\"></span>e expect that this is somewhat,<span class=\"_ _2\"></span> or perhaps complet<span class=\"_ _0\"></span>ely<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> of<span class=\"_ _0\"></span>fset by adv<span class=\"_ _0\"></span>ances in tec<span class=\"_ _0\"></span>hnology r<span class=\"_ _0\"></span>educing the frequency of c<span class=\"_ _0\"></span>laims,<span class=\"_ _2\"></span> in particular bodily injur<span class=\"_ _1\"></span>y claims which ar<span class=\"_ _c\"></span>e generally f<span class=\"_ _0\"></span>ar mor<span class=\"_ _0\"></span>e expensiv<span class=\"_ _0\"></span>e than damage to v<span class=\"_ _c\"></span>ehicles.<span class=\"_ _2\"></span> These changes in the costs of claims ar<span class=\"_ _c\"></span>e gradual and as such r<span class=\"_ _c\"></span>eflected in our claims e<span class=\"_ _0\"></span>xperience and fed int<span class=\"_ _c\"></span>o the pricing of our policies.<span class=\"_ _2d8\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _1\"></span>3. N<span class=\"_ _1\"></span>EW AN<span class=\"_ _1\"></span>D AME<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>D S<span class=\"_ _1\"></span>T<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>NDAR<span class=\"_ _1\"></span>DS AN<span class=\"_ _1\"></span>D INT<span class=\"_ _1\"></span>ER<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>T<span class=\"_ _c\"></span>ATIO<span class=\"_ _1\"></span>NS A<span class=\"_ _1\"></span>DOP<span class=\"_ _1\"></span>TE<span class=\"_ _1\"></span>D BY THE G<span class=\"_ _1\"></span>RO<span class=\"_ _1\"></span>UP<span class=\"_ _2d8\"> </span>Am<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts to I<span class=\"_ _1\"></span>FR<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing amended IFRS st<span class=\"_ _0\"></span>andar<span class=\"_ _0\"></span>ds became eff<span class=\"_ _c\"></span>ective for the y<span class=\"_ _c\"></span>ear ended 31 December 2025:<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Amendments t<span class=\"_ _c\"></span>o IAS 21 <span class=\"_ _2\"></span>\u201cThe Eff<span class=\"_ _0\"></span>ects of Changes in For<span class=\"_ _c\"></span>eign Exchange Rates\u201d:<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>\u201cLack of Exchangeability\u201d<span class=\"_ _2d8\"> </span>None of the amendments hav<span class=\"_ _0\"></span>e had a material impact on the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2d8\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>. NE<span class=\"_ _1\"></span>W AN<span class=\"_ _1\"></span>D AME<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>D STANDAR<span class=\"_ _1\"></span>DS AN<span class=\"_ _1\"></span>D IN<span class=\"_ _1\"></span>TER<span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>S NOT YE<span class=\"_ _1\"></span>T EF<span class=\"_ _1\"></span>FE<span class=\"_ _1\"></span>CTIVE I<span class=\"_ _1\"></span>N 2<span class=\"_ _1\"></span>025<span class=\"_ _2d8\"> </span>A number of new st<span class=\"_ _c\"></span>andards and int<span class=\"_ _0\"></span>erpr<span class=\"_ _0\"></span>etations adopt<span class=\"_ _c\"></span>ed by the UK which ar<span class=\"_ _0\"></span>e not mandat<span class=\"_ _0\"></span>orily eff<span class=\"_ _c\"></span>ective,<span class=\"_ _2\"></span> as well as st<span class=\"_ _c\"></span>andards\u2019<span class=\"_ _2\"></span> int<span class=\"_ _0\"></span>erpret<span class=\"_ _c\"></span>ations issued by the IASB but not y<span class=\"_ _0\"></span>et adopt<span class=\"_ _0\"></span>ed by the UK,<span class=\"_ _2\"></span> hav<span class=\"_ _0\"></span>e not been applied in pr<span class=\"_ _0\"></span>eparing these financial stat<span class=\"_ _c\"></span>ements.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not plan to adopt these st<span class=\"_ _c\"></span>andards early;<span class=\"_ _2\"></span> instead,<span class=\"_ _2\"></span> it expects t<span class=\"_ _c\"></span>o apply them from their ef<span class=\"_ _c\"></span>fective dat<span class=\"_ _c\"></span>es as determined by their dat<span class=\"_ _c\"></span>es of UK endorsement.<span class=\"_ _2\"></span> These st<span class=\"_ _0\"></span>andards ar<span class=\"_ _c\"></span>e not expected t<span class=\"_ _c\"></span>o have a significant impact on the r<span class=\"_ _c\"></span>esults within the financial stat<span class=\"_ _0\"></span>ements.<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">Ann<span class=\"_ _0\"></span>ual impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ements t<span class=\"_ _0\"></span>o IFRS \u2013 <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>olume 11 (eff<span class=\"_ _0\"></span>ective 1 Jan<span class=\"_ _c\"></span>uar<span class=\"_ _1\"></span>y 2026).<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Annual impr<span class=\"_ _c\"></span>ov<span class=\"_ _0\"></span>ements are limit<span class=\"_ _c\"></span>ed to changes that either clarify<span class=\"_ _2d8\"> </span></span>the wor<span class=\"_ _c\"></span>ding in an Accounting St<span class=\"_ _c\"></span>andard or corr<span class=\"_ _0\"></span>ect r<span class=\"_ _0\"></span>elatively minor unint<span class=\"_ _c\"></span>ended consequences,<span class=\"_ _2\"></span> ov<span class=\"_ _0\"></span>ersights or conflicts between the<span class=\"_ _2d8\"> </span>r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements in the <span class=\"_ _0\"></span>Accounting St<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes minor clarifications t<span class=\"_ _c\"></span>o IFRS 7 <span class=\"_ _2\"></span>\u201cFinancial Instruments:<span class=\"_ _c\"></span> Disclosures\u201d,<span class=\"_ _2\"></span> IFRS 9<span class=\"_ _2d8\"> </span>\u201cFinancial Instruments\u201d,<span class=\"_ _2\"></span> IFRS 10 <span class=\"_ _2\"></span>\u201cConsolidated Financial St<span class=\"_ _c\"></span>atements\u201d,<span class=\"_ _2\"></span> and IAS 7 <span class=\"_ _2\"></span>\u201cSt<span class=\"_ _0\"></span>atement of Cash Flo<span class=\"_ _c\"></span>ws\u201d.<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">IFRS 18 <span class=\"_ _2\"></span>\u201cPr<span class=\"_ _c\"></span>esentation and Disclosur<span class=\"_ _c\"></span>e in Financial Stat<span class=\"_ _0\"></span>ements\u201d<span class=\"_ _2\"></span> \u2013 Eff<span class=\"_ _c\"></span>ective 1 January 2027,<span class=\"_ _2\"></span> with r<span class=\"_ _0\"></span>etr<span class=\"_ _0\"></span>ospective application \u2013 IFRS 18,<span class=\"_ _2\"></span> which<span class=\"_ _2d8\"> </span></span>r<span class=\"_ _0\"></span>eplaces IAS 1 <span class=\"_ _2\"></span>\u201cPr<span class=\"_ _0\"></span>esentation of Financial St<span class=\"_ _c\"></span>atements\u201d,<span class=\"_ _2\"></span> intr<span class=\"_ _0\"></span>oduces new r<span class=\"_ _c\"></span>equirements f<span class=\"_ _0\"></span>or pr<span class=\"_ _0\"></span>esentation and disc<span class=\"_ _0\"></span>losure in the financial<span class=\"_ _2d8\"> </span>stat<span class=\"_ _c\"></span>ements,<span class=\"_ _2\"></span> with a focus on the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2\"></span> Items in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account will be classified into one of fiv<span class=\"_ _0\"></span>e categories:<span class=\"_ _2\"></span> oper<span class=\"_ _0\"></span>ating,<span class=\"_ _2\"></span> in<span class=\"_ _0\"></span>vesting,<span class=\"_ _2\"></span> financing<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> income tax<span class=\"_ _0\"></span>es and discontinued oper<span class=\"_ _c\"></span>ations,<span class=\"_ _2\"></span> of which the first thr<span class=\"_ _0\"></span>ee ar<span class=\"_ _0\"></span>e new<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> It also requir<span class=\"_ _0\"></span>es the disclosur<span class=\"_ _c\"></span>e<span class=\"_ _2d8\"> </span>of newly defined management-deriv<span class=\"_ _0\"></span>ed performance measur<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> how these ar<span class=\"_ _c\"></span>e calculated and why these pr<span class=\"_ _c\"></span>ovide useful inf<span class=\"_ _0\"></span>ormation,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>econciled to the IFRS r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>As a present<span class=\"_ _c\"></span>ation and disclosure st<span class=\"_ _0\"></span>andar<span class=\"_ _0\"></span>d,<span class=\"_ _2\"></span> the implementation of IFRS 18 will not af<span class=\"_ _c\"></span>fect the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s<span class=\"_ _2d8\"> </span>r<span class=\"_ _0\"></span>esults.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup is currently w<span class=\"_ _c\"></span>orking to identify all impacts the amendments will hav<span class=\"_ _0\"></span>e on the primary financial statements and not<span class=\"_ _c\"></span>es to<span class=\"_ _2d8\"> </span>the financial stat<span class=\"_ _c\"></span>ements.<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">Amendment t<span class=\"_ _c\"></span>o IFRS 9 and IFRS 7 (effectiv<span class=\"_ _c\"></span>e 1 January 2026).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>These amendments clarify the r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements for the timing of r<span class=\"_ _c\"></span>ecognition<span class=\"_ _2d8\"> </span></span>and der<span class=\"_ _0\"></span>ecognition of some financial assets and liabilities,<span class=\"_ _2\"></span> clarify and add further guidance for assessing whether a financial asset<span class=\"_ _2d8\"> </span>meets the solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) criterion,<span class=\"_ _2\"></span> add ne<span class=\"_ _0\"></span>w disclosur<span class=\"_ _0\"></span>es for certain instruments with contr<span class=\"_ _c\"></span>actual<span class=\"_ _2d8\"> </span>terms that can c<span class=\"_ _0\"></span>hange cash flows and mak<span class=\"_ _c\"></span>e updates t<span class=\"_ _0\"></span>o the disclosur<span class=\"_ _0\"></span>es for equity instruments designat<span class=\"_ _c\"></span>ed at Fair <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>alue through Other<span class=\"_ _2d8\"> </span>Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs124\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs125\">For the purpose of this accounting policy<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the term <span class=\"ff2\">\u2018mot<span class=\"_ _0\"></span>or insurance\u2019<span class=\"ff4\"> co<span class=\"_ _c\"></span>vers all the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which <span class=\"ff2 ws109\">includes <span class=\"_ _8\"></span>Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> </span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls0 ws0 gs126\">Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>axi insurance<span class=\"ff4\">.<span class=\"_ _2d8\"> </span></span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 lsc6 wscf gs127\">A. INSURANCE AND<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EINSUR<span class=\"_ _1\"></span>ANC<span class=\"_ _0\"></span>E CON<span class=\"_ _0\"></span>TRA<span class=\"_ _0\"></span>CTS<span class=\"_ _0\"></span> CLASSIFICA<span class=\"_ _2\"></span>TION<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs128\">The Gr<span class=\"_ _c\"></span>oup issues insurance contr<span class=\"_ _c\"></span>acts in the normal course of business,<span class=\"_ _2\"></span> under which it accepts significant insur<span class=\"_ _0\"></span>ance risk fr<span class=\"_ _0\"></span>om a policyholder <span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs129\">by agr<span class=\"_ _c\"></span>eeing to compensat<span class=\"_ _0\"></span>e the policyholder if a specified uncertain futur<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent adversely af<span class=\"_ _c\"></span>fects the policyholder<span class=\"_ _2\"></span>.<span class=\"_ _c\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs12a\">As a gener<span class=\"_ _0\"></span>al guideline,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup determines whether it has significant insur<span class=\"_ _0\"></span>ance risk,<span class=\"_ _2\"></span> by comparing benefits pay<span class=\"_ _c\"></span>able after an insur<span class=\"_ _0\"></span>ed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs12b\">ev<span class=\"_ _0\"></span>ent with benefits pay<span class=\"_ _0\"></span>able if the insured e<span class=\"_ _0\"></span>vent did not occur<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs12c\">The Gr<span class=\"_ _c\"></span>oup issues only non-life insur<span class=\"_ _0\"></span>ance to individuals and businesses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Non-life insur<span class=\"_ _c\"></span>ance pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup are Mot<span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs12d\">Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>These pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>er prot<span class=\"_ _0\"></span>ection of a policyholder\u2019<span class=\"_ _2\"></span>s assets and indemnification of other par<span class=\"_ _1\"></span>ties that hav<span class=\"_ _0\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs12e\">suf<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ed<span class=\"_ gs41\"> </span>damage as a result of a policyholder\u2019<span class=\"_ _2\"></span>s accident.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs12f\">In the normal course of business,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup uses reinsur<span class=\"_ _c\"></span>ance to mitigat<span class=\"_ _0\"></span>e its risk exposur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> A r<span class=\"_ _c\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act tr<span class=\"_ _0\"></span>ansfers significant risks </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs130\">if it<span class=\"_ gs41\"> </span>tr<span class=\"_ _0\"></span>ansfers subst<span class=\"_ _c\"></span>antially all of the insurance risk r<span class=\"_ _c\"></span>esulting from the insur<span class=\"_ _c\"></span>ed por<span class=\"_ _1\"></span>tion of the underlying insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> e<span class=\"_ _0\"></span>ven if it does not </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs131\">expose<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>einsurer t<span class=\"_ _0\"></span>o the possibility of a significant loss.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs132\">B. IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE AN<span class=\"_ _1\"></span>D REI<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE CONTR<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>CTS ACCOUNTING TR<span class=\"_ _1\"></span>EA<span class=\"_ _0\"></span>TME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls3c ws3d gs133\">(i<span class=\"_ _0\"></span>) Separating componen<span class=\"_ _0\"></span>ts from insurance<span class=\"_ _0\"></span> and reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs134\">The Gr<span class=\"_ _c\"></span>oup assesses its non-life insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>oducts to det<span class=\"_ _c\"></span>ermine whether they contain distinct components which m<span class=\"_ _c\"></span>ust </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs135\">be accounted f<span class=\"_ _c\"></span>or under another IFRS instead of under IFRS 17.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>After separ<span class=\"_ _c\"></span>ating any distinct components,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup applies IFRS 17 to all </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs136\">r<span class=\"_ _0\"></span>emaining components of the (host) insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act.<span class=\"_ _2\"></span> Curr<span class=\"_ _0\"></span>ently<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products do not inc<span class=\"_ _0\"></span>lude any distinct components that </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs137\">r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e separ<span class=\"_ _0\"></span>ation.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls36 ws11 gs139\">(ii<span class=\"_ _0\"></span>) A<span class=\"_ _0\"></span>ggregation and<span class=\"_ _0\"></span> recognition of<span class=\"_ _0\"></span> insurance and<span class=\"_ _0\"></span> reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 lsdd wseb gs13a\">I<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs13b\">Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e aggr<span class=\"_ _0\"></span>egated int<span class=\"_ _c\"></span>o groups f<span class=\"_ _0\"></span>or measur<span class=\"_ _0\"></span>ement purposes.<span class=\"_ _2\"></span> Gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts are det<span class=\"_ _c\"></span>ermined by identifying </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs13c\">portfolios of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> each comprising contr<span class=\"_ _c\"></span>acts subject to similar risks and managed t<span class=\"_ _0\"></span>ogether<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and dividing each portfolio </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs13d\">into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts (i.e.<span class=\"_ _2\"></span> by y<span class=\"_ _0\"></span>ear of issue) and each annual cohort into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs13e\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs13f\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous subsequently</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs140\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>emaining contr<span class=\"_ _0\"></span>acts in the annual cohort<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs141\">The Gr<span class=\"_ _c\"></span>oup recognises gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts it issues from the earliest of:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs142\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs143\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When the first payment fr<span class=\"_ _c\"></span>om a policyholder in the group becomes due or when the first pa<span class=\"_ _0\"></span>yment is r<span class=\"_ _0\"></span>eceived if ther<span class=\"_ _c\"></span>e is no due date</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs144\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate that the contr<span class=\"_ _c\"></span>act is onerous<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs145\">The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs146\">The pr<span class=\"_ _c\"></span>ofitability of gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts is assessed by actuarial v<span class=\"_ _c\"></span>aluation models that tak<span class=\"_ _0\"></span>e into consider<span class=\"_ _c\"></span>ation existing and new business.<span class=\"_ _b\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs147\">The Gr<span class=\"_ _c\"></span>oup assumes that no contracts in the portfolio ar<span class=\"_ _c\"></span>e onerous at initial r<span class=\"_ _c\"></span>ecognition unless facts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs148\">otherwise.<span class=\"_ _2\"></span> For contr<span class=\"_ _c\"></span>acts that are not oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup assesses,<span class=\"_ _2\"></span> at initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> that there is no significant possibility of becoming </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs149\">oner<span class=\"_ _0\"></span>ous subsequently by assessing the lik<span class=\"_ _c\"></span>elihood of changes in applicable facts and cir<span class=\"_ _c\"></span>cumstances.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers facts and<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs14a\">cir<span class=\"_ _0\"></span>cumstances t<span class=\"_ _c\"></span>o identify whether a group of contr<span class=\"_ _c\"></span>acts are oner<span class=\"_ _c\"></span>ous based on:<span class=\"_ _c\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs14b\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Pricing inf<span class=\"_ _0\"></span>ormation</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs14c\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Results of similar contr<span class=\"_ _c\"></span>acts it has recognised</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs14d\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>En<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onmental f<span class=\"_ _c\"></span>actors,<span class=\"_ _2\"></span> e.g<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> a change in mark<span class=\"_ _0\"></span>et experience or r<span class=\"_ _0\"></span>egulations<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 ls30 ws31 gs14e\">Reinsurance<span class=\"_ _c\"></span> contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs14f\">Some r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts pr<span class=\"_ _0\"></span>ovide co<span class=\"_ _c\"></span>ver for underlying contr<span class=\"_ _c\"></span>acts that are included in dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent groups.<span class=\"_ _b\"></span> Howev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Group concludes </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs150\">that the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act\u2019<span class=\"_ _2\"></span>s legal form of a single contr<span class=\"_ _c\"></span>act reflects the subst<span class=\"_ _0\"></span>ance of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s contractual rights and obligations<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs151\">considering that the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent covers lapse t<span class=\"_ _c\"></span>ogether and are not sold separ<span class=\"_ _c\"></span>ately<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a result,<span class=\"_ _b\"></span> the reinsur<span class=\"_ _c\"></span>ance contract is not separ<span class=\"_ _c\"></span>ated int<span class=\"_ _0\"></span>o </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs152\">multiple insur<span class=\"_ _c\"></span>ance components that relat<span class=\"_ _c\"></span>e to dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent underlying groups<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs153\">The Gr<span class=\"_ _c\"></span>oup recognises a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts held at the earlier of the f<span class=\"_ _0\"></span>ollowing:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs154\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs155\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The dat<span class=\"_ _c\"></span>e the Group r<span class=\"_ _c\"></span>ecognises an onerous gr<span class=\"_ _c\"></span>oup of underlying insurance contr<span class=\"_ _c\"></span>acts if the Group ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed reinsur<span class=\"_ _c\"></span>ance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs156\">contr<span class=\"_ _0\"></span>act held in the gr<span class=\"_ _0\"></span>oup of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held at or befor<span class=\"_ _c\"></span>e that date<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs157\">The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls24 ws26 gs159\">(ii<span class=\"_ _1\"></span>i) Me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 ls30 ws31 gs15a\">Summary of<span class=\"_ _0\"></span> measuremen<span class=\"_ _0\"></span>t appr<span class=\"_ _0\"></span>oaches<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs15b\">The Gr<span class=\"_ _c\"></span>oup uses the following measur<span class=\"_ _c\"></span>ement approaches t<span class=\"_ _c\"></span>o its insurance and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span></div><div class=\"gs15c\"><table class=\"s w1bc h73\" id=\"_55360455-9856-4c92-9e21-664a1f84c7a1\"><tr><td></td><td class=\"c n x380 y2580 w1bd h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Product classification<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x381 y2580 w1be h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Measurement model<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2581 ff2 fs7 fc2 sc0 lsad ws7c\">Insurance contracts issued<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2582 w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x383 y2582 w1c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x384 y2582 w1c1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _2\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2583 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w1c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance \u2013 excess of loss r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x385 y24bc w1c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsurance contr<span class=\"_ _c\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x386 y24bc w1c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _c\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs15d\">The Gr<span class=\"_ _c\"></span>oup applies the premium allocation appr<span class=\"_ _c\"></span>oach to all the insur<span class=\"_ _c\"></span>ance contracts that it issues and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts that it holds,<span class=\"_ _2\"></span> as </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs15e\">the cov<span class=\"_ _c\"></span>erage period of each contr<span class=\"_ _c\"></span>act in the group is one y<span class=\"_ _c\"></span>ear or less,<span class=\"_ _2\"></span> including insurance contr<span class=\"_ _c\"></span>act services arising from all pr<span class=\"_ _c\"></span>emiums within </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs15f\">the contr<span class=\"_ _0\"></span>act boundary<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not expect significant variability in the fulfilment cash flo<span class=\"_ _0\"></span>ws that would af<span class=\"_ _0\"></span>fect the measur<span class=\"_ _c\"></span>ement of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs160\">the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age during the period befor<span class=\"_ _c\"></span>e a claim is incurred.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs161\">All the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance contr<span class=\"_ _c\"></span>acts have a co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of one year or less.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance contracts held ar<span class=\"_ _c\"></span>e excess of loss </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs162\">contr<span class=\"_ _0\"></span>acts and ar<span class=\"_ _0\"></span>e loss occurring.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group does not issue an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 ls30 ws31 gs163\">Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs164\">On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d) is measured at:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs165\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span> <span class=\"_ _26\"></span>The pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed on initial r<span class=\"_ _0\"></span>ecognition</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs166\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus an<span class=\"_ _c\"></span>y insurance acquisition cash flo<span class=\"_ _0\"></span>ws allocat<span class=\"_ _0\"></span>ed to the gr<span class=\"_ _c\"></span>oup at that date</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs167\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Adjust<span class=\"_ _0\"></span>ed for an<span class=\"_ _c\"></span>y amount arising from the der<span class=\"_ _c\"></span>ecognition of any assets or liabilities pr<span class=\"_ _c\"></span>eviously r<span class=\"_ _0\"></span>ecognised for cash flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>elated t<span class=\"_ _c\"></span>o the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs168\">gr<span class=\"_ _0\"></span>oup (including assets f<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance acquisition cash flows) </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs169\">The Gr<span class=\"_ _c\"></span>oup has chosen not to expense insur<span class=\"_ _c\"></span>ance acquisition cash flows when they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs16a\">Subsequently<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span> the Gr<span class=\"_ _c\"></span>oup measures the carrying amount of the LRC at the end of each r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period as the LRC at the beginning of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs16b\">the period:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs16c\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed in the period</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs16d\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus insur<span class=\"_ _c\"></span>ance acquisition cash flows</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs16e\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus an<span class=\"_ _0\"></span>y amounts r<span class=\"_ _0\"></span>elating to the amortisation of insur<span class=\"_ _0\"></span>ance acquisition cash flows r<span class=\"_ _c\"></span>ecognised as an expense in the r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs16f\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus the amount r<span class=\"_ _c\"></span>ecognised as insurance r<span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>enue f<span class=\"_ _0\"></span>or the services pro<span class=\"_ _0\"></span>vided in the period<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs171\">On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup expects that the time between pr<span class=\"_ _c\"></span>oviding each part of the ser<span class=\"_ _1\"></span>vices and the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs172\">r<span class=\"_ _0\"></span>elated pr<span class=\"_ _c\"></span>emium due date is no mor<span class=\"_ _c\"></span>e than a year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Accordingly<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group has chosen not t<span class=\"_ _c\"></span>o adjust the liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage t<span class=\"_ _0\"></span>o </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs173\">r<span class=\"_ _0\"></span>eflect the time value of mone<span class=\"_ _0\"></span>y and the eff<span class=\"_ _c\"></span>ect of financial risk.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs174\">If at an<span class=\"_ _0\"></span>y time during the cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age period,<span class=\"_ _2\"></span> facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e that a group of contr<span class=\"_ _c\"></span>acts is onerous<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> then the Gr<span class=\"_ _0\"></span>oup </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs175\">r<span class=\"_ _0\"></span>ecognises a loss in Pr<span class=\"_ _0\"></span>ofit or Loss and incr<span class=\"_ _c\"></span>eases the liability for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age to the ext<span class=\"_ _c\"></span>ent that the current estimat<span class=\"_ _c\"></span>es of the fulfilment </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs176\">cash flows that r<span class=\"_ _c\"></span>elate t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age exceed the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs177\">ar<span class=\"_ _0\"></span>e discounted (at curr<span class=\"_ _c\"></span>ent rat<span class=\"_ _c\"></span>es) if the liability for incurr<span class=\"_ _0\"></span>ed claims is also discount<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs178\">The Gr<span class=\"_ _c\"></span>oup recognises the liability f<span class=\"_ _0\"></span>or incurr<span class=\"_ _0\"></span>ed claims (\u201cLIC\u201d) of a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts at the amount of the fulfilment cash flows </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs179\">(\u201cFCF\u201d) r<span class=\"_ _0\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed (at current r<span class=\"_ _c\"></span>ates) unless the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be paid in one </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs17a\">year or less fr<span class=\"_ _c\"></span>om the date the claims ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs17b\">The carrying amount of a group of insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts issued at the end of each r<span class=\"_ _0\"></span>eporting period is the sum of:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs17c\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ws10b\"> The <span class=\"_ _10\"> </span>LRC</span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs17d\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The LIC<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 ls0 ws0 gs17e\">Ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt for n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>al ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs17f\">An explicit risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is estimated separ<span class=\"_ _c\"></span>ate fr<span class=\"_ _c\"></span>om the other estimates.<span class=\"_ _b\"></span> Unless contracts ar<span class=\"_ _c\"></span>e onerous,<span class=\"_ _b\"></span> the explicit risk </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs180\">adjustment for non-financial risk is only estimat<span class=\"_ _c\"></span>ed for the measur<span class=\"_ _0\"></span>ement of the LIC.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs181\">This risk adjustment r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the compensation that the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing the uncertainty about the amount and timing of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs182\">cash flows that arise fr<span class=\"_ _c\"></span>om non-financial risk.<span class=\"_ _2\"></span> Non-financial risk is risk arising from insur<span class=\"_ _c\"></span>ance contracts other than financial risk,<span class=\"_ _b\"></span> which is </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs183\">included in the estimat<span class=\"_ _0\"></span>es of futur<span class=\"_ _0\"></span>e cash flows or the discount r<span class=\"_ _c\"></span>ate used t<span class=\"_ _0\"></span>o adjust the cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risks cov<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the risk adjustment for </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs184\">non-financial risk ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance risk and other non-financial risks such as lapse risk and expense risk.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs185\">The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk for insur<span class=\"_ _c\"></span>ance contracts measur<span class=\"_ _c\"></span>es the compensation that the Group w<span class=\"_ _c\"></span>ould requir<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o make it<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs186\">indif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent between:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs187\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that has a r<span class=\"_ _c\"></span>ange of possible outcomes arising from non-financial risk</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs188\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that will gener<span class=\"_ _c\"></span>ate fix<span class=\"_ _0\"></span>ed cash flows with the same expect<span class=\"_ _c\"></span>ed present v<span class=\"_ _0\"></span>alue as the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 ls7d ws7c gs189\">Reinsurance cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s held<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs18a\">The excess of loss r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held pro<span class=\"_ _c\"></span>vide cover<span class=\"_ _c\"></span>age on the motor insur<span class=\"_ _c\"></span>ance contracts originat<span class=\"_ _c\"></span>ed for claims incurr<span class=\"_ _0\"></span>ed during </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs18b\">an accident year and ar<span class=\"_ _c\"></span>e accounted f<span class=\"_ _0\"></span>or under the P<span class=\"_ _c\"></span>AA.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group measur<span class=\"_ _c\"></span>es its reinsur<span class=\"_ _c\"></span>ance assets for a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs18c\">that it holds on the same basis as insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts that it issues.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs18d\">measur<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age at the amount of ceding pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> at each of the subsequent </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs18e\">r<span class=\"_ _0\"></span>eporting dates,<span class=\"_ _2\"></span> the r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age is:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs18f\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incr<span class=\"_ _c\"></span>eased for ceding pr<span class=\"_ _0\"></span>emiums paid in the period</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs190\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Decr<span class=\"_ _c\"></span>eased for the amounts of ceding pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>ecognised as reinsur<span class=\"_ _c\"></span>ance expenses f<span class=\"_ _0\"></span>or the services receiv<span class=\"_ _0\"></span>ed in the period<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs192\">Assets for r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts consist of the asset for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age (\u201c<span class=\"_ _2\"></span>ARC\u201d) and the asset for incurr<span class=\"_ _0\"></span>ed claims (\u201c<span class=\"_ _2\"></span>AIC\u201d) being the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs193\">r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers\u2019<span class=\"_ _2\"></span> share of c<span class=\"_ _0\"></span>laims that have alr<span class=\"_ _c\"></span>eady been incurred.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs194\">For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> the risk adjustment for non-financial risk pr<span class=\"_ _c\"></span>esents the amount of risk being transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _c\"></span>oup to </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs195\">the<span class=\"_ gs41\"> </span>r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>er<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 ls9b ws9f gs196\">Asse<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or insur<span class=\"_ _c\"></span>ance acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n cash<span class=\"_ _0\"></span> flo<span class=\"_ _0\"></span>ws<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs197\">The Gr<span class=\"_ _c\"></span>oup includes the following acquisition cash flo<span class=\"_ _0\"></span>ws within the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act boundary that arise from selling<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> underwriting and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs198\">starting a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts and that ar<span class=\"_ _0\"></span>e:<span class=\"_ _c\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs199\">a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span>Costs dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o individual contracts and gr<span class=\"_ _c\"></span>oups of contracts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs19a\">b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>Costs dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able to the portfolio of insur<span class=\"_ _c\"></span>ance contracts t<span class=\"_ _c\"></span>o which the group belongs<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e allocated on a r<span class=\"_ _c\"></span>easonable and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs19b\">consistent basis t<span class=\"_ _c\"></span>o measure the gr<span class=\"_ _c\"></span>oup of insurance contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs19c\">Insur<span class=\"_ _0\"></span>ance acquisition cash flows arising bef<span class=\"_ _c\"></span>ore the r<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _c\"></span>ecognised as an asset.<span class=\"_ _2\"></span> Insurance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs19d\">acquisition cash flows arise when the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e paid or when a liability is requir<span class=\"_ _c\"></span>ed to be r<span class=\"_ _c\"></span>ecognised under a standar<span class=\"_ _0\"></span>d other than IFRS 17.<span class=\"_ _2\"></span> Such </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs19e\">an asset is r<span class=\"_ _0\"></span>ecognised for each gr<span class=\"_ _c\"></span>oup of contr<span class=\"_ _0\"></span>acts to which the insur<span class=\"_ _c\"></span>ance acquisition cash flows ar<span class=\"_ _c\"></span>e allocated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The asset is derecognised,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs19f\">fully or partially<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the insurance acquisition cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e included in the measur<span class=\"_ _0\"></span>ement of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 lsaf wsb6 gs1a0\">Reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>abi<span class=\"_ _1\"></span>lity<span class=\"_ _0\"></span> assessment<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs1a1\">At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> if f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumstances indicat<span class=\"_ _c\"></span>e that an asset for insur<span class=\"_ _0\"></span>ance acquisition cash flows ma<span class=\"_ _0\"></span>y be impaired,<span class=\"_ _b\"></span> then<span class=\"_ _1\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 wsae gs1a2\">the<span class=\"_ gs41\"> </span>Gr<span class=\"_ _0\"></span>oup:<span class=\"_ _c\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1a3\">a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>Recognises an impairment loss in Pr<span class=\"_ _0\"></span>ofit or Loss so that the carrying amount of the asset does not exceed the expect<span class=\"_ _c\"></span>ed net cash inflow </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1a4\">for<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>elated gr<span class=\"_ _c\"></span>oup<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1a5\">b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the asset r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to futur<span class=\"_ _c\"></span>e rene<span class=\"_ _0\"></span>wals,<span class=\"_ _2\"></span> r<span class=\"_ _c\"></span>ecognises an impairment loss in Profit or L<span class=\"_ _c\"></span>oss to the ext<span class=\"_ _0\"></span>ent that it expects those insur<span class=\"_ _c\"></span>ance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1a6\">acquisition cash flows t<span class=\"_ _c\"></span>o exceed the net cash inflow f<span class=\"_ _0\"></span>or the expect<span class=\"_ _0\"></span>ed rene<span class=\"_ _0\"></span>wals and this e<span class=\"_ _0\"></span>xcess has not alr<span class=\"_ _0\"></span>eady been recognised as an </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1a7\">impairment loss under (a)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1a8\">The Gr<span class=\"_ _c\"></span>oup rev<span class=\"_ _c\"></span>erses any impairment losses in Pr<span class=\"_ _c\"></span>ofit or Loss and incr<span class=\"_ _0\"></span>eases the carrying amount of the asset to the ext<span class=\"_ _c\"></span>ent that the impairment </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1a9\">conditions hav<span class=\"_ _0\"></span>e impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff10 fs7 fc2 sc0 ls31 ws32 gs1aa\">Modification and der<span class=\"_ _0\"></span>ecognition<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ab\">The Gr<span class=\"_ _c\"></span>oup derecognises insur<span class=\"_ _c\"></span>ance contracts when:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ac\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is extinguished (i.e.<span class=\"_ _2\"></span> when the obligation specified in the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act expir<span class=\"_ _c\"></span>es or is discharged or cancelled)</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ad\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is modified and cer<span class=\"_ _1\"></span>tain additional crit<span class=\"_ _c\"></span>eria are met<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1af\">When an insur<span class=\"_ _c\"></span>ance contract is modified by the Gr<span class=\"_ _c\"></span>oup as a r<span class=\"_ _0\"></span>esult of an agreement with the count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties or due to a c<span class=\"_ _0\"></span>hange in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b0\">r<span class=\"_ _0\"></span>egulations,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup treats changes in cash flo<span class=\"_ _0\"></span>ws caused by the modification as changes in estimat<span class=\"_ _c\"></span>es of the FCF<span class=\"_ _b\"></span>,<span class=\"_ _2\"></span> unless the conditions </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b1\">for the der<span class=\"_ _c\"></span>ecognition of the original contract ar<span class=\"_ _c\"></span>e met.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup derecognises the original contr<span class=\"_ _c\"></span>act and recognises the modified contr<span class=\"_ _c\"></span>act </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b2\">as a new contr<span class=\"_ _c\"></span>act if any of the f<span class=\"_ _0\"></span>ollowing conditions ar<span class=\"_ _c\"></span>e present:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b3\">a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the modified terms had been included at contr<span class=\"_ _c\"></span>act inception and the Gr<span class=\"_ _0\"></span>oup would hav<span class=\"_ _0\"></span>e concluded that the modified contr<span class=\"_ _c\"></span>act:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b4\"> <span class=\"_ _c9\"> </span>i.<span class=\"_ _c\"></span>  <span class=\"_ _7\"> </span>Is not in scope of IFRS 17</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b5\"> <span class=\"_ _c9\"> </span>ii.<span class=\"_ _c\"></span>  <span class=\"_ _3\"> </span>Results in diff<span class=\"_ _c\"></span>erent separ<span class=\"_ _c\"></span>able components</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b6\"> <span class=\"_ _c9\"> </span>iii.<span class=\"_ _c\"></span>  <span class=\"_ _0\"></span>Results in a diff<span class=\"_ _c\"></span>erent contr<span class=\"_ _c\"></span>act boundar<span class=\"_ _1\"></span>y</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b7\"> <span class=\"_ _c9\"> </span>iv<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span>  Belongs to a dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent group of contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b8\">b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>The original contr<span class=\"_ _c\"></span>act was accounted f<span class=\"_ _c\"></span>or under the P<span class=\"_ _c\"></span>AA,<span class=\"_ _2\"></span> but the modification means that the contract no longer meets the eligibility </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1b9\">criteria f<span class=\"_ _c\"></span>or that approach<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ba\">When an insur<span class=\"_ _c\"></span>ance contract account<span class=\"_ _0\"></span>ed for under the P<span class=\"_ _2\"></span>AA is derecognised,<span class=\"_ _b\"></span> adjustments to the FCF t<span class=\"_ _0\"></span>o remo<span class=\"_ _c\"></span>ve r<span class=\"_ _0\"></span>elating rights and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1bb\">obligations,<span class=\"_ _2\"></span> and account f<span class=\"_ _0\"></span>or the eff<span class=\"_ _c\"></span>ect of the derecognition r<span class=\"_ _c\"></span>esult in the following amounts being char<span class=\"_ _c\"></span>ged immediately t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1bc\">a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _0\"></span>act is extinguished,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the der<span class=\"_ _0\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC of the original contr<span class=\"_ _c\"></span>act and any other cash </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1bd\">flows arising fr<span class=\"_ _c\"></span>om extinguishment<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1be\">b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _c\"></span>act is transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed to the thir<span class=\"_ _c\"></span>d par<span class=\"_ _1\"></span>ty<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net diff<span class=\"_ _c\"></span>erence betw<span class=\"_ _0\"></span>een the derecognised part of the LRC of the original contr<span class=\"_ _0\"></span>act and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1bf\">the pr<span class=\"_ _0\"></span>emium charged b<span class=\"_ _c\"></span>y the third party<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1c0\">c.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the original contr<span class=\"_ _0\"></span>act is modified r<span class=\"_ _0\"></span>esulting in its der<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> any net dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the der<span class=\"_ _c\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC and the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1c1\">hypothetical pr<span class=\"_ _c\"></span>emium the entity would hav<span class=\"_ _0\"></span>e charged had it ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o a contr<span class=\"_ _c\"></span>act with equivalent terms as the ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>act at the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1c2\">date of the contr<span class=\"_ _c\"></span>act modification,<span class=\"_ _2\"></span> less any additional pr<span class=\"_ _c\"></span>emium charged f<span class=\"_ _0\"></span>or the modification<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls3c ws3d gs1c3\">(iv<span class=\"_ _c\"></span>) Presentation<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1c4\">The Gr<span class=\"_ _c\"></span>oup has present<span class=\"_ _0\"></span>ed separ<span class=\"_ _0\"></span>ately<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> in the Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the carrying amount of por<span class=\"_ _1\"></span>tfolios of insur<span class=\"_ _c\"></span>ance contracts issued<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1c5\">and portfolios of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1c6\">The Gr<span class=\"_ _c\"></span>oup has elected to disaggr<span class=\"_ _c\"></span>egate part of the mov<span class=\"_ _0\"></span>ement in LIC r<span class=\"_ _0\"></span>esulting fr<span class=\"_ _0\"></span>om the changes in discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and pr<span class=\"_ _0\"></span>esent this in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1c7\">the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup disaggregat<span class=\"_ _c\"></span>es the tot<span class=\"_ _0\"></span>al amount r<span class=\"_ _0\"></span>ecognised in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1c8\">Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income int<span class=\"_ _0\"></span>o an insur<span class=\"_ _0\"></span>ance service result,<span class=\"_ _2\"></span> comprising insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue and insur<span class=\"_ _0\"></span>ance service expense,<span class=\"_ _2\"></span> and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1c9\">insur<span class=\"_ _0\"></span>ance finance income or expenses.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1ca\">The Gr<span class=\"_ _c\"></span>oup does not disaggregat<span class=\"_ _0\"></span>e the change in risk adjustment for non-financial risk betw<span class=\"_ _0\"></span>een a financial and non-financial portion and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1cb\">includes the entir<span class=\"_ _0\"></span>e change as part of the insurance service r<span class=\"_ _0\"></span>esult.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs1cc\">The Gr<span class=\"_ _c\"></span>oup separat<span class=\"_ _0\"></span>ely pr<span class=\"_ _0\"></span>esents income or expenses fr<span class=\"_ _c\"></span>om reinsur<span class=\"_ _c\"></span>ance contracts held fr<span class=\"_ _c\"></span>om the expenses or income fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws62 gs1cd\">contr<span class=\"_ _0\"></span>acts<span class=\"_ gs41\"> </span>issued.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls0 ws0 gs1cf\">AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs1d0\">IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>NCE C<span class=\"_ _1\"></span>ONTR<span class=\"_ _1\"></span>ACTS I<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UE<span class=\"_ _1\"></span>D<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls20 ws22 gs1d1\">Insurance rev<span class=\"_ _0\"></span>enue<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1d2\">As the Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>ovides insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act services under the group of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> it reduces the LRC and r<span class=\"_ _c\"></span>ecognises insur<span class=\"_ _0\"></span>ance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1d3\">r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of pr<span class=\"_ _c\"></span>omised ser<span class=\"_ _1\"></span>vices at an amount that </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1d4\">r<span class=\"_ _0\"></span>eflects the portion of consideration that the Gr<span class=\"_ _c\"></span>oup expects to be entitled t<span class=\"_ _c\"></span>o in exchange for those services.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1d5\">The Gr<span class=\"_ _c\"></span>oup measures all insur<span class=\"_ _c\"></span>ance contracts under the P<span class=\"_ _2\"></span>AA and recognises insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue based on the passage of time ov<span class=\"_ _c\"></span>er the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1d6\">cov<span class=\"_ _c\"></span>erage period of a gr<span class=\"_ _c\"></span>oup of contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs1d7\">Insurance service expenses<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1d8\">Insur<span class=\"_ _0\"></span>ance service expenses include the follo<span class=\"_ _c\"></span>wing:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1d9\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims and benefits</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1da\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1db\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1dc\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1dd\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to futur<span class=\"_ _c\"></span>e service \u2013 changes in the FCF that result in oner<span class=\"_ _c\"></span>ous contract losses or r<span class=\"_ _c\"></span>eversals of those losses<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1de\">Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws is based on the passage of time.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1df\">Other expenses not meeting the abo<span class=\"_ _0\"></span>ve cat<span class=\"_ _c\"></span>egories are included in other oper<span class=\"_ _c\"></span>ating expenses in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs1e0\">IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E CON<span class=\"_ _1\"></span>TR<span class=\"_ _1\"></span>ACTS HE<span class=\"_ _1\"></span>LD<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs1e1\">Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _2\"></span>) from reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1e2\">The Gr<span class=\"_ _c\"></span>oup presents separ<span class=\"_ _c\"></span>ately on the face of the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income,<span class=\"_ _2\"></span> the amounts </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1e3\">expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers,<span class=\"_ _2\"></span> and an allocation of the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The net income/(expense) fr<span class=\"_ _0\"></span>om </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1e4\">r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held comprise:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1e5\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance expenses</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1e6\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>For gr<span class=\"_ _c\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er fees ar<span class=\"_ _c\"></span>e included within reinsur<span class=\"_ _c\"></span>ance expenses</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1e7\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1e8\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1e9\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ea\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hanges in the risk of r<span class=\"_ _0\"></span>einsurers\u2019<span class=\"_ _b\"></span> non-performance</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1eb\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls3\">Amounts r<span class=\"_ _0\"></span>elating to accounting f<span class=\"_ _c\"></span>or onerous gr<span class=\"_ _c\"></span>oups of underlying insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ec\">Reinsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _c\"></span>e recognised similarly t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses r<span class=\"_ _c\"></span>ecognised in the reporting </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ed\">period depicts the tr<span class=\"_ _0\"></span>ansfer of r<span class=\"_ _c\"></span>eceived insur<span class=\"_ _c\"></span>ance contract services at an amount that r<span class=\"_ _0\"></span>eflects the portion of ceding premiums that the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ee\">Gr<span class=\"_ _0\"></span>oup expects t<span class=\"_ _0\"></span>o pay in exchange f<span class=\"_ _c\"></span>or those ser<span class=\"_ _1\"></span>vices.<span class=\"_ _2\"></span> Br<span class=\"_ _c\"></span>oker f<span class=\"_ _0\"></span>ees ar<span class=\"_ _0\"></span>e included in r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses.<span class=\"_ _b\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1f0\">All gr<span class=\"_ _0\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed under the P<span class=\"_ _c\"></span>AA and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised based on the passage of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1f1\">time ov<span class=\"_ _c\"></span>er the cover<span class=\"_ _c\"></span>age period of a group of contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls0 ws0 gs1f2\">AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S AN<span class=\"_ _1\"></span>D OTH<span class=\"_ _1\"></span>ER C<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>EH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>IVE I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls3f ws3f gs1f3\">INSUR<span class=\"_ _1\"></span>ANCE FINANCE<span class=\"_ _0\"></span> INCOME OR EX<span class=\"_ _0\"></span>PEN<span class=\"_ _1\"></span>SES<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1f4\">Insur<span class=\"_ _0\"></span>ance finance income or expenses comprise the change in the carrying amount of the gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts arising fr<span class=\"_ _0\"></span>om:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1f5\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of the time value of mone<span class=\"_ _0\"></span>y and changes in the time value of mone<span class=\"_ _c\"></span>y</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1f6\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of financial risk and changes in financial risk<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1f7\">For contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> the main amounts within insurance finance income or e<span class=\"_ _0\"></span>xpenses ar<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1f8\">a.<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed on the LIC<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1f9\">b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _6\"> </span>The ef<span class=\"_ _c\"></span>fect of changes in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates and other financial assumptions<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1fa\">The Gr<span class=\"_ _c\"></span>oup disaggregat<span class=\"_ _0\"></span>es insur<span class=\"_ _0\"></span>ance finance income or expenses on mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts issued between Pr<span class=\"_ _c\"></span>ofit or Loss and OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1fb\">Gr<span class=\"_ _0\"></span>oup has made an accounting policy choice t<span class=\"_ _0\"></span>o disaggr<span class=\"_ _0\"></span>egate insur<span class=\"_ _c\"></span>ance finance income or expenses for the period t<span class=\"_ _c\"></span>o include within OCI </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1fc\">an amount which r<span class=\"_ _0\"></span>eflects the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the carrying amount of a group of contr<span class=\"_ _c\"></span>acts and the amount that the group w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1fd\">been measur<span class=\"_ _0\"></span>ed at using the discount r<span class=\"_ _0\"></span>ates in ef<span class=\"_ _c\"></span>fect on initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> effectiv<span class=\"_ _c\"></span>ely reflecting the impact of discount r<span class=\"_ _c\"></span>ate changes on the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1fe\">opening liability for incurr<span class=\"_ _c\"></span>ed claims thr<span class=\"_ _0\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The amount r<span class=\"_ _0\"></span>ecognised in Other Compr<span class=\"_ _0\"></span>ehensive Income o<span class=\"_ _c\"></span>ver </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs1ff\">the dur<span class=\"_ _0\"></span>ation of a gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts will always t<span class=\"_ _c\"></span>otal zer<span class=\"_ _c\"></span>o.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs200\">The impact of changes in mark<span class=\"_ _c\"></span>et inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on the v<span class=\"_ _c\"></span>alue of the insurance assets and liabilities ar<span class=\"_ _c\"></span>e reflect<span class=\"_ _0\"></span>ed in OCI in or<span class=\"_ _0\"></span>der to minimise<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs201\">accounting mismatches between the accounting f<span class=\"_ _c\"></span>or financial assets and insurance assets and liabilities.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs202\">backing the mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olios ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>edominantly measured at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span></div>RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Notes 3.6 and 3.7 f<span class=\"_ _0\"></span>or detail on risks r<span class=\"_ _c\"></span>elating to insur<span class=\"_ _c\"></span>ance liabilities and reinsur<span class=\"_ _c\"></span>ance assets,<span class=\"_ _2\"></span> and the management thereof<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls0 ws0 gs357\">ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 C<span class=\"_ _0\"></span>AS<span class=\"_ _1\"></span>H AND CAS<span class=\"_ _1\"></span>H EQ<span class=\"_ _1\"></span>UIV<span class=\"_ _0\"></span>ALE<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs358\">Cash and cash equivalents include cash on hand,<span class=\"_ _b\"></span> deposits held on call with banks and money market funds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Cash and cash equivalents </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs359\">ar<span class=\"_ _0\"></span>e carried at amortised cost.<span class=\"_ _2d8\"> </span></div>ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL AS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ET<span class=\"_ _1\"></span>S A<span class=\"_ _0\"></span>T F<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>R V<span class=\"_ _c\"></span>ALU<span class=\"_ _1\"></span>E TH<span class=\"_ _1\"></span>ROU<span class=\"_ _1\"></span>GH OTH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>R COM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>SIV<span class=\"_ _1\"></span>E INC<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies the following financial assets at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Debt securities<span class=\"_ _2d8\"> </span>A debt instrument is measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI only if it meets both of the follo<span class=\"_ _c\"></span>wing conditions and is not designated at fair v<span class=\"_ _c\"></span>alue through the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account (\u201cFVTPL<span class=\"_ _c\"></span>\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _c\"></span>ed by both collecting contr<span class=\"_ _0\"></span>actual cash flows and selling financial<span class=\"_ gs41\"> </span>assets <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms of the financial asset giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) on the principal amount outstanding on specified dat<span class=\"_ _c\"></span>es<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>At initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es debt securities thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income at f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> plus the tr<span class=\"_ _0\"></span>ansaction costs that ar<span class=\"_ _0\"></span>e dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o the acquisition of the financial asset.<span class=\"_ _2\"></span> Debt securities at FVOCI ar<span class=\"_ _c\"></span>e subsequently measured at f<span class=\"_ _c\"></span>air value.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses debt securities at FVOCI f<span class=\"_ _c\"></span>or impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _c\"></span>\u2018thr<span class=\"_ _0\"></span>ee-st<span class=\"_ _0\"></span>age\u2019<span class=\"_ _2\"></span> model for calculating the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in cr<span class=\"_ _0\"></span>edit quality since initial r<span class=\"_ _0\"></span>ecognition.<span class=\"_ _2\"></span> Refer t<span class=\"_ _c\"></span>o Note 4.4.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue is the price that would be r<span class=\"_ _c\"></span>eceived t<span class=\"_ _0\"></span>o sell an asset or paid to tr<span class=\"_ _c\"></span>ansfer a liability in an or<span class=\"_ _c\"></span>derly transaction betw<span class=\"_ _0\"></span>een market participants at the measurement dat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or in its absence,<span class=\"_ _2\"></span> the most adv<span class=\"_ _0\"></span>antageous mark<span class=\"_ _c\"></span>et to which the Gr<span class=\"_ _c\"></span>oup has access at that date.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures the f<span class=\"_ _0\"></span>air value of an instrument using the quot<span class=\"_ _c\"></span>ed bid price in an active mark<span class=\"_ _0\"></span>et for that instrument.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A market is r<span class=\"_ _c\"></span>egarded as active if tr<span class=\"_ _c\"></span>ansactions for the asset t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e place with suf<span class=\"_ _0\"></span>ficient frequency and v<span class=\"_ _c\"></span>olume to pr<span class=\"_ _c\"></span>ovide pricing information on an ongoing basis<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2d8\"> </span><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs3ba\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs3bb\">CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3bc\">The Gr<span class=\"_ _c\"></span>oup classifies its receiv<span class=\"_ _0\"></span>ables as at amortised cost only if both of the following crit<span class=\"_ _c\"></span>eria are met:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3bd\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is t<span class=\"_ _0\"></span>o collect the contr<span class=\"_ _0\"></span>actual cash flows</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3be\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs3bf\">RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3c0\">Receivables ar<span class=\"_ _c\"></span>e initially recognised at f<span class=\"_ _c\"></span>air value and subsequently measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost using the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est method,<span class=\"_ _2\"></span> less </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3c1\">pr<span class=\"_ _0\"></span>ovision f<span class=\"_ _c\"></span>or expected cr<span class=\"_ _c\"></span>edit losses.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs3c2\">IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3c3\">The Gr<span class=\"_ _c\"></span>oup measures loss allow<span class=\"_ _c\"></span>ances at an amount equal to lifetime ECL.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o measure the e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eceivables hav<span class=\"_ _c\"></span>e been </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3c4\">gr<span class=\"_ _0\"></span>ouped based on shar<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit risk char<span class=\"_ _0\"></span>acteristics and the da<span class=\"_ _0\"></span>ys past due to cr<span class=\"_ _c\"></span>eate the cat<span class=\"_ _0\"></span>egories,<span class=\"_ _2\"></span> namely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> performing,<span class=\"_ _2\"></span> underperf<span class=\"_ _0\"></span>orming </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3c5\">and not performing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The expect<span class=\"_ _c\"></span>ed loss rat<span class=\"_ _c\"></span>es are based on the payment pr<span class=\"_ _c\"></span>ofiles of receiv<span class=\"_ _0\"></span>ables ov<span class=\"_ _c\"></span>er a period of 36 months befor<span class=\"_ _0\"></span>e year end.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3c6\">The loss r<span class=\"_ _c\"></span>ates ar<span class=\"_ _0\"></span>e adjusted t<span class=\"_ _c\"></span>o reflect curr<span class=\"_ _c\"></span>ent and forwar<span class=\"_ _c\"></span>d-looking information on macr<span class=\"_ _c\"></span>o-economic factors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as the socio-economic </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3c7\">envir<span class=\"_ _c\"></span>onment aff<span class=\"_ _c\"></span>ecting the ability of the debtors t<span class=\"_ _0\"></span>o settle the receiv<span class=\"_ _c\"></span>ables.<span class=\"_ _2\"></span> Receivables that ar<span class=\"_ _c\"></span>e 30 days or more past due ar<span class=\"_ _c\"></span>e considered t<span class=\"_ _c\"></span>o </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3c8\">be <span class=\"_ _2\"></span>\u2018not performing\u2019<span class=\"_ _b\"></span> and the default r<span class=\"_ _0\"></span>ebuttable pr<span class=\"_ _c\"></span>esumption of 90 days prescribed b<span class=\"_ _c\"></span>y IFRS 9 is not applied.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsfc ws112 gs3c9\">PERF<span class=\"_ _0\"></span>ORMIN<span class=\"_ _0\"></span>G<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3ca\">Customers ha<span class=\"_ _0\"></span>ve a lo<span class=\"_ _0\"></span>w risk of default and a str<span class=\"_ _c\"></span>ong capacity to meet contr<span class=\"_ _c\"></span>actual cash flows.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs3cb\">UNDERPER<span class=\"_ _1\"></span>FORMING<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3cc\">Receivables f<span class=\"_ _c\"></span>or which there is a significant incr<span class=\"_ _c\"></span>ease in credit risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A significant increase in cr<span class=\"_ _c\"></span>edit risk is presumed if int<span class=\"_ _c\"></span>erest and/or principal </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3cd\">r<span class=\"_ _0\"></span>epayments ar<span class=\"_ _0\"></span>e past due.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls83 ws82 gs3ce\">NOT<span class=\"_ _0\"></span> PERFORM<span class=\"_ _1\"></span>ING<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3cf\">Inter<span class=\"_ _c\"></span>est and/or principal repa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e 30 days past due.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs3d8\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs3d9\">IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3da\">At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3db\">Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3dc\">initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs3dd\">PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3de\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3df\">risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e0\">occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d).</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e1\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e2\">r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e3\">The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e4\">ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e5\">in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e6\">debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e7\">held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e8\">ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3e9\">r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs3eb\">IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3ec\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3ed\">lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3ee\">allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs3ef\">APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f0\">The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f1\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f2\">ECL allow<span class=\"_ _0\"></span>ance on day one.</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f3\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f4\">and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f5\">ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f6\">the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f7\">without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f8\">r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3f9\">The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3fa\">ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs3fb\">PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3fc\">Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3fd\">securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3fe\">instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> </div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs3ff\">WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs400\">Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs401\">gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs402\">cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Inv<span class=\"_ _c\"></span>estment income from debt instruments classified as FV<span class=\"_ _c\"></span>OCI are measur<span class=\"_ _c\"></span>ed using the eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e which allocates the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income or inter<span class=\"_ _c\"></span>est expense ov<span class=\"_ _c\"></span>er the expected lif<span class=\"_ _0\"></span>e of the asset or liability at the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that ex<span class=\"_ _0\"></span>actly discounts all estimated futur<span class=\"_ _c\"></span>e cash flows t<span class=\"_ _0\"></span>o equal the instrument\u2019<span class=\"_ _2\"></span>s initial carr<span class=\"_ _1\"></span>ying amount.<span class=\"_ _2\"></span> Calculation of the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate t<span class=\"_ _c\"></span>akes int<span class=\"_ _c\"></span>o account fees payable or r<span class=\"_ _c\"></span>eceivable that ar<span class=\"_ _0\"></span>e an integr<span class=\"_ _c\"></span>al par<span class=\"_ _1\"></span>t of the instrument\u2019<span class=\"_ _2\"></span>s yield,<span class=\"_ _2\"></span> premiums or discounts on acquisition or issue<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> early redemption f<span class=\"_ _c\"></span>ees and transaction costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>All contr<span class=\"_ _0\"></span>actual terms of a financial instrument ar<span class=\"_ _c\"></span>e considered when estimating futur<span class=\"_ _c\"></span>e cash flows.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Pay<span class=\"_ _c\"></span>ables are r<span class=\"_ _0\"></span>ecognised when the Gr<span class=\"_ _0\"></span>oup has a contr<span class=\"_ _0\"></span>actual obligation t<span class=\"_ _0\"></span>o deliver cash or another financial asset t<span class=\"_ _c\"></span>o another entity<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> or a contr<span class=\"_ _0\"></span>actual obligation to e<span class=\"_ _0\"></span>xchange financial assets or financial liabilities with another entity under conditions that ar<span class=\"_ _0\"></span>e pot<span class=\"_ _0\"></span>entially unfa<span class=\"_ _0\"></span>vour<span class=\"_ _c\"></span>able to the entity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Payables ar<span class=\"_ _c\"></span>e carried at amor<span class=\"_ _1\"></span>tised cost.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Other income consists of br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age fees r<span class=\"_ _c\"></span>esulting from the sale of ancillary pr<span class=\"_ _c\"></span>oducts connected to the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s direct business,<span class=\"_ _b\"></span> and other non-insur<span class=\"_ _0\"></span>ance income such as administr<span class=\"_ _c\"></span>ative fees char<span class=\"_ _c\"></span>ged on direct business.<span class=\"_ _b\"></span> Such income is recognised once the r<span class=\"_ _c\"></span>elated service has been performed.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>Typically<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> this will be at the point of sale of the pr<span class=\"_ _0\"></span>oduct.<span class=\"_ _2d8\"> </span><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs455\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsff ws115 gs456\">A. PENSIO<span class=\"_ _0\"></span>NS<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs457\">For st<span class=\"_ _c\"></span>aff who wer<span class=\"_ _c\"></span>e employees on 8 F<span class=\"_ _c\"></span>ebruar<span class=\"_ _1\"></span>y 2002,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates a non-contribut<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>y defined contribution Gr<span class=\"_ _0\"></span>oup personal pension </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs458\">scheme.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The contribution by the Gr<span class=\"_ _c\"></span>oup depends on the age of the employee.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs459\">For emplo<span class=\"_ _0\"></span>yees joining since 8 F<span class=\"_ _0\"></span>ebruary 2002,<span class=\"_ _2\"></span> the Group oper<span class=\"_ _c\"></span>ates a matched contribution Gr<span class=\"_ _c\"></span>oup personal pension scheme where the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs45a\">Gr<span class=\"_ _0\"></span>oup contributes an amount matc<span class=\"_ _0\"></span>hing the contribution made by the emplo<span class=\"_ _0\"></span>yee.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs45b\">Contributions to defined contribution sc<span class=\"_ _0\"></span>hemes ar<span class=\"_ _0\"></span>e recognised in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account in the period in which they become pay<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls21 ws23 gs45c\">B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs45d\">The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs45e\">period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs45f\">date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs460\">is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs461\">Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs462\">the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs463\">the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs464\">during the vesting period.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs465\">C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs466\">Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs467\">leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span></div>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. OWNER-<span class=\"_ _1\"></span>OCCUPIE<span class=\"_ _1\"></span>D PROPERT<span class=\"_ _1\"></span>Y<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied properties are held b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup for use in the supply of services or<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> for its own administr<span class=\"_ _c\"></span>ation purposes.<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied property is held at fair v<span class=\"_ _0\"></span>alue.<span class=\"_ _2\"></span> Incr<span class=\"_ _0\"></span>eases in the carrying amount of owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties as a result of r<span class=\"_ _c\"></span>evaluations ar<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o Other Comprehensiv<span class=\"_ _0\"></span>e Income and accumulat<span class=\"_ _0\"></span>ed in a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve in equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o the ext<span class=\"_ _0\"></span>ent that a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation incr<span class=\"_ _0\"></span>ease r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erses a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation decr<span class=\"_ _0\"></span>ease that was pr<span class=\"_ _c\"></span>eviously recognised as an e<span class=\"_ _0\"></span>xpense in Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such incr<span class=\"_ _0\"></span>ease is cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o income in Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Decr<span class=\"_ _0\"></span>eases in valuation ar<span class=\"_ _c\"></span>e charged t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> except t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that a decr<span class=\"_ _0\"></span>ease r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erses the existing accumulat<span class=\"_ _c\"></span>ed r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e such a decrease is r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2d8\"> </span>A fair v<span class=\"_ _c\"></span>alue assessment of the owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty is under<span class=\"_ _1\"></span>tak<span class=\"_ _c\"></span>en at each reporting date with an<span class=\"_ _c\"></span>y material changes in f<span class=\"_ _0\"></span>air value r<span class=\"_ _0\"></span>ecognised.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>aluation is at highest and best use.<span class=\"_ _2\"></span> Owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty is also rev<span class=\"_ _c\"></span>alued by an ext<span class=\"_ _0\"></span>ernal qualified survey<span class=\"_ _0\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> at least ev<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y thr<span class=\"_ _0\"></span>ee years<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> UK pr<span class=\"_ _0\"></span>oper<span class=\"_ _1\"></span>ties do not hav<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>equent and volatile f<span class=\"_ _c\"></span>air value changes and,<span class=\"_ _2\"></span> as such,<span class=\"_ _2\"></span> mor<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>equent r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluations ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed unnecessary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> as only insignificant changes in fair v<span class=\"_ _0\"></span>alue is expect<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied land is not depreciat<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As the depr<span class=\"_ _0\"></span>eciation of owner<span class=\"_ _c\"></span>-occupied buildings is immaterial and pr<span class=\"_ _c\"></span>oper<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>alued ev<span class=\"_ _0\"></span>ery thr<span class=\"_ _0\"></span>ee years b<span class=\"_ _0\"></span>y an ext<span class=\"_ _0\"></span>ernal qualified survey<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> no depreciation is char<span class=\"_ _0\"></span>ged on owner<span class=\"_ _c\"></span>-occupied buildings.<span class=\"_ _2d8\"> </span>B. O<span class=\"_ _1\"></span>FF<span class=\"_ _1\"></span>ICE A<span class=\"_ _1\"></span>ND IT E<span class=\"_ _1\"></span>QU<span class=\"_ _1\"></span>IP<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Of<span class=\"_ _0\"></span>fice and IT equipment are st<span class=\"_ _c\"></span>ated at hist<span class=\"_ _0\"></span>orical cost less accumulat<span class=\"_ _c\"></span>ed depreciation and impairment char<span class=\"_ _0\"></span>ges.<span class=\"_ _2\"></span> Hist<span class=\"_ _0\"></span>orical cost includes expenditur<span class=\"_ _c\"></span>e that is directly attribut<span class=\"_ _0\"></span>able to the acquisition of pr<span class=\"_ _c\"></span>oper<span class=\"_ _1\"></span>ty and equipment.<span class=\"_ _2\"></span> Depr<span class=\"_ _0\"></span>eciation is calculated on the dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the cost and r<span class=\"_ _c\"></span>esidual value of the asset and is char<span class=\"_ _0\"></span>ged to the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account ov<span class=\"_ _c\"></span>er the estimated useful life of eac<span class=\"_ _0\"></span>h significant par<span class=\"_ _1\"></span>t of an it<span class=\"_ _0\"></span>em of fixtur<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> fittings and IT equipment,<span class=\"_ _2\"></span> using the str<span class=\"_ _c\"></span>aight-line basis.<div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs48a\">Estimated useful liv<span class=\"_ _c\"></span>es are as f<span class=\"_ _0\"></span>ollows:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs48b\">Of<span class=\"_ _0\"></span>fice equipment <span class=\"_ _11a\"> </span>3 to 10 years<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs48c\">IT equipment <span class=\"_ _202\"> </span> <span class=\"_ _5e\"> </span>3 to 5 years<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs48d\">The assets\u2019<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>esidual values and useful liv<span class=\"_ _c\"></span>es are r<span class=\"_ _c\"></span>eviewed at each St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e and adjusted if appr<span class=\"_ _c\"></span>opriate.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An asset\u2019<span class=\"_ _c\"></span>s </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs48e\">carrying amount is written down t<span class=\"_ _c\"></span>o its reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount if the asset\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _1\"></span>ying amount is gr<span class=\"_ _0\"></span>eater than its estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs48f\">Gains and losses on disposals ar<span class=\"_ _0\"></span>e determined b<span class=\"_ _c\"></span>y comparing the proceeds with the carrying amount of the assets and are inc<span class=\"_ _0\"></span>luded in Pr<span class=\"_ _0\"></span>ofit </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs490\">or Loss bef<span class=\"_ _c\"></span>ore t<span class=\"_ _0\"></span>ax.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs491\">Repairs and maintenance costs ar<span class=\"_ _c\"></span>e charged t<span class=\"_ _c\"></span>o the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account during the financial year in which they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The cost of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs492\">major r<span class=\"_ _0\"></span>enov<span class=\"_ _0\"></span>ations is included in the carrying amount of the asset when it is pr<span class=\"_ _0\"></span>obable that future economic benefits fr<span class=\"_ _c\"></span>om the r<span class=\"_ _0\"></span>enov<span class=\"_ _0\"></span>ations </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs493\">will flow t<span class=\"_ _c\"></span>o the Group<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs4b2\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4b3\">The income t<span class=\"_ _0\"></span>ax expense in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account is based on the taxable pr<span class=\"_ _c\"></span>ofits for the y<span class=\"_ _0\"></span>ear<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> It is Gr<span class=\"_ _c\"></span>oup policy to r<span class=\"_ _0\"></span>eliev<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ofits wher<span class=\"_ _0\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4b4\">possible by the surr<span class=\"_ _c\"></span>ender of losses from Gr<span class=\"_ _c\"></span>oup companies with payment for v<span class=\"_ _0\"></span>alue.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs4ba\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4bb\">Deferr<span class=\"_ _c\"></span>ed tax is r<span class=\"_ _c\"></span>ecognised in respect of all t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences that hav<span class=\"_ _0\"></span>e originated but not r<span class=\"_ _c\"></span>eversed at the balance sheet dat<span class=\"_ _c\"></span>e where </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4bc\">tr<span class=\"_ _0\"></span>ansactions or ev<span class=\"_ _0\"></span>ents hav<span class=\"_ _0\"></span>e occurred at that dat<span class=\"_ _c\"></span>e that will result in an obligation t<span class=\"_ _c\"></span>o pay more,<span class=\"_ _2\"></span> or a right t<span class=\"_ _c\"></span>o pay less or to r<span class=\"_ _c\"></span>eceive mor<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> tax,<span class=\"_ _b\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4bd\">with the follo<span class=\"_ _c\"></span>wing exception.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4be\">Deferr<span class=\"_ _c\"></span>ed tax assets ar<span class=\"_ _c\"></span>e recognised only t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that the Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors consider that it is more lik<span class=\"_ _c\"></span>ely than not that there will be suit<span class=\"_ _c\"></span>able </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4bf\">tax<span class=\"_ _c\"></span>able profits fr<span class=\"_ _c\"></span>om which the future r<span class=\"_ _c\"></span>eversal of the underlying timing dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ences can be deducted.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs4b2\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4b3\">Dividend distribution to the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s shareholders is r<span class=\"_ _c\"></span>ecognised as a liability in the Group\u2019<span class=\"_ _2\"></span>s financial stat<span class=\"_ _c\"></span>ements in the period in which the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4b4\">dividend is appr<span class=\"_ _0\"></span>ov<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs4c8\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4c9\">Goodwill has been r<span class=\"_ _0\"></span>ecognised in acquisitions of subsidiaries and r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the diff<span class=\"_ _c\"></span>erence between the cost of the acquisition and the f<span class=\"_ _c\"></span>air </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4ca\">value of the net identifiable assets acquir<span class=\"_ _c\"></span>ed.<span class=\"_ _2\"></span> Goodwill is stat<span class=\"_ _0\"></span>ed at cost less an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _0\"></span>ed impairment losses.<span class=\"_ _2\"></span> </div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs4cb\">IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT OF G<span class=\"_ _1\"></span>OODWI<span class=\"_ _1\"></span>LL<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4cc\">The Gr<span class=\"_ _c\"></span>oup performs an annual impairment r<span class=\"_ _c\"></span>eview which in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es comparing the carr<span class=\"_ _1\"></span>ying amount to the estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4cd\">and r<span class=\"_ _0\"></span>ecognising an impairment loss if the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount is low<span class=\"_ _0\"></span>er than the carrying amount.<span class=\"_ _2\"></span> Impairment losses are r<span class=\"_ _c\"></span>ecognised </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4ce\">thr<span class=\"_ _0\"></span>ough the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and ar<span class=\"_ _0\"></span>e not subsequently r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ersed.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4cf\">The r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>erable amount is the gr<span class=\"_ _c\"></span>eater of the f<span class=\"_ _0\"></span>air value of the asset less costs t<span class=\"_ _c\"></span>o sell and the value in use.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4d0\">The v<span class=\"_ _0\"></span>alue in use calculations use cash flow pr<span class=\"_ _c\"></span>ojections based on financial budgets appro<span class=\"_ _0\"></span>ved b<span class=\"_ _0\"></span>y management.<span class=\"_ _2d8\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-308": {
   "value": "1<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>. BAS<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>S OF P<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>PARATIO<span class=\"_ _1\"></span>N<span class=\"_ _2d8\"> </span>The financial st<span class=\"_ _0\"></span>atements of the Gr<span class=\"_ _c\"></span>oup have been pr<span class=\"_ _c\"></span>epared in accor<span class=\"_ _c\"></span>dance with UK-adopted int<span class=\"_ _0\"></span>ernational accounting standar<span class=\"_ _c\"></span>ds,<span class=\"_ _2\"></span> comprising International <span class=\"_ _c\"></span>Accounting St<span class=\"_ _0\"></span>andards (\u201cIAS\u201d) and Int<span class=\"_ _c\"></span>ernational Financial Repor<span class=\"_ _1\"></span>ting Standar<span class=\"_ _c\"></span>ds (\u201cIFRS\u201d),<span class=\"_ _2\"></span> and the requir<span class=\"_ _c\"></span>ements of the Companies Act 2006.<span class=\"_ _2\"></span> Endorsement of accounting standar<span class=\"_ _c\"></span>ds is grant<span class=\"_ _c\"></span>ed by the UK Endorsement Board (\u201cUKEB\u201d).<span class=\"_ _2d8\"> </span>The financial st<span class=\"_ _0\"></span>atements ar<span class=\"_ _c\"></span>e prepar<span class=\"_ _c\"></span>ed in accordance with the going concern principle using the hist<span class=\"_ _0\"></span>orical cost basis,<span class=\"_ _2\"></span> except f<span class=\"_ _c\"></span>or those financial assets and owner<span class=\"_ _c\"></span>-occupied properties that hav<span class=\"_ _0\"></span>e been measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The prepar<span class=\"_ _c\"></span>ation of the financial stat<span class=\"_ _c\"></span>ements necessitat<span class=\"_ _c\"></span>es the use of estimates,<span class=\"_ _2\"></span> assumptions and judgements that af<span class=\"_ _c\"></span>fect the r<span class=\"_ _0\"></span>eported amounts in the St<span class=\"_ _0\"></span>atement of Financial P<span class=\"_ _0\"></span>osition and the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Where appr<span class=\"_ _c\"></span>opriate,<span class=\"_ _2\"></span> det<span class=\"_ _0\"></span>ails of estimat<span class=\"_ _0\"></span>es are pr<span class=\"_ _c\"></span>esented in the accompan<span class=\"_ _0\"></span>ying notes t<span class=\"_ _c\"></span>o the Consolidated Financial St<span class=\"_ _0\"></span>atements<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>As the full impact of climat<span class=\"_ _0\"></span>e change is curr<span class=\"_ _0\"></span>ently unknown,<span class=\"_ _2\"></span> it is not possible t<span class=\"_ _0\"></span>o consider all possible futur<span class=\"_ _0\"></span>e outcomes when determining the value of assets<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> liabilities and the timing of futur<span class=\"_ _0\"></span>e cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s view is that an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>easonable impact of climate c<span class=\"_ _0\"></span>hange would not hav<span class=\"_ _0\"></span>e a material impact on the v<span class=\"_ _0\"></span>aluation of assets and liabilities at the year<span class=\"_ _c\"></span>-end date<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The financial st<span class=\"_ _0\"></span>atements v<span class=\"_ _c\"></span>alues are pr<span class=\"_ _c\"></span>esented in pounds sterling (\u00a3) r<span class=\"_ _c\"></span>ounded to the near<span class=\"_ _c\"></span>est thousand (\u00a3\u2019k),<span class=\"_ _2\"></span> unless otherwise indicated.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup presents its St<span class=\"_ _0\"></span>atement of Financial P<span class=\"_ _0\"></span>osition br<span class=\"_ _0\"></span>oadly in or<span class=\"_ _0\"></span>der of liquidity<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An analysis regar<span class=\"_ _0\"></span>ding r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y or settlement within 12 months after the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting dat<span class=\"_ _0\"></span>e (curr<span class=\"_ _0\"></span>ent) and mor<span class=\"_ _0\"></span>e than 12 months after the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting date (non-curr<span class=\"_ _c\"></span>ent) is present<span class=\"_ _c\"></span>ed in the respectiv<span class=\"_ _0\"></span>e notes<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ed in the Stat<span class=\"_ _c\"></span>ement of Financial Position only when ther<span class=\"_ _0\"></span>e is a legally enfor<span class=\"_ _c\"></span>ceable right to of<span class=\"_ _c\"></span>fset the recognised amounts and ther<span class=\"_ _c\"></span>e is an intention t<span class=\"_ _0\"></span>o settle on a net basis,<span class=\"_ _2\"></span> or t<span class=\"_ _0\"></span>o realise the assets and settle<span class=\"_ gs41\"> </span>the liability simult<span class=\"_ _c\"></span>aneously<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-325": {
   "value": "The financial st<span class=\"_ _0\"></span>atements of the Gr<span class=\"_ _c\"></span>oup have been pr<span class=\"_ _c\"></span>epared in accor<span class=\"_ _c\"></span>dance with UK-adopted int<span class=\"_ _0\"></span>ernational accounting standar<span class=\"_ _c\"></span>ds,<span class=\"_ _2\"></span> comprising International <span class=\"_ _c\"></span>Accounting St<span class=\"_ _0\"></span>andards (\u201cIAS\u201d) and Int<span class=\"_ _c\"></span>ernational Financial Repor<span class=\"_ _1\"></span>ting Standar<span class=\"_ _c\"></span>ds (\u201cIFRS\u201d),<span class=\"_ _2\"></span> and the requir<span class=\"_ _c\"></span>ements of the Companies Act 2006.<span class=\"_ _2\"></span> Endorsement of accounting standar<span class=\"_ _c\"></span>ds is grant<span class=\"_ _c\"></span>ed by the UK Endorsement Board (\u201cUKEB\u201d).<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-326": {
   "value": "The financial st<span class=\"_ _0\"></span>atements v<span class=\"_ _c\"></span>alues are pr<span class=\"_ _c\"></span>esented in pounds sterling (\u00a3) r<span class=\"_ _c\"></span>ounded to the near<span class=\"_ _c\"></span>est thousand (\u00a3\u2019k),<span class=\"_ _2\"></span> unless otherwise indicated.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-309": {
   "value": "1<span class=\"_ _c\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>. GOI<span class=\"_ _1\"></span>NG C<span class=\"_ _1\"></span>ONC<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>RN<span class=\"_ _2d8\"> </span>The Consolidat<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _c\"></span>ements have been pr<span class=\"_ _c\"></span>epared on a going concern basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Dir<span class=\"_ _0\"></span>ectors ha<span class=\"_ _0\"></span>ve a r<span class=\"_ _c\"></span>easonable expectation that the Gr<span class=\"_ _0\"></span>oup has adequate r<span class=\"_ _c\"></span>esour<span class=\"_ _0\"></span>ces to contin<span class=\"_ _0\"></span>ue in oper<span class=\"_ _0\"></span>ation for at least 12 months fr<span class=\"_ _c\"></span>om the date the Dir<span class=\"_ _c\"></span>ectors appr<span class=\"_ _c\"></span>oved these Financial Stat<span class=\"_ _c\"></span>ements and that theref<span class=\"_ _c\"></span>ore it is appr<span class=\"_ _c\"></span>opriate to adopt a going concern basis f<span class=\"_ _c\"></span>or the prepar<span class=\"_ _c\"></span>ation of the Financial Stat<span class=\"_ _0\"></span>ements.<span class=\"_ _2\"></span> In making their assessment,<span class=\"_ _2\"></span> the Dir<span class=\"_ _0\"></span>ectors t<span class=\"_ _c\"></span>ook into account the pot<span class=\"_ _0\"></span>ential impact of the principal risks that could pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ent the Gr<span class=\"_ _0\"></span>oup fr<span class=\"_ _0\"></span>om achieving its str<span class=\"_ _0\"></span>ategic objectiv<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> The assessment was based on the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s Own Risk and Solvency <span class=\"_ _c\"></span>Assessment (\u201cORSA<span class=\"_ _c\"></span>\u201d),<span class=\"_ _2\"></span> which brings together management\u2019<span class=\"_ _2\"></span>s view of curr<span class=\"_ _c\"></span>ent<span class=\"_ _1\"></span> and emerging risks<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> with scenario-based analysis and r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erse str<span class=\"_ _0\"></span>ess testing t<span class=\"_ _c\"></span>o form a conclusion as t<span class=\"_ _0\"></span>o the financial stability of the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2d8\"> </span><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs83\">Consider<span class=\"_ _0\"></span>ation was also giv<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>o what the Gr<span class=\"_ _0\"></span>oup considers its principal risks which ar<span class=\"_ _0\"></span>e set out in the Principal Risks and Uncertainties section </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs84\">on pages 22 to 30 of the Str<span class=\"_ _c\"></span>ategic Report.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The assessment also included consideration of an<span class=\"_ _c\"></span>y scenarios which might cause the Group<span class=\"_ gs41\"> </span>t<span class=\"_ _c\"></span>o </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs85\">br<span class=\"_ _0\"></span>each its solvency r<span class=\"_ _c\"></span>equirements which ar<span class=\"_ _c\"></span>e not otherwise cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed in the risk-based scenario testing<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs86\">W<span class=\"_ _c\"></span>e have assessed the short-,<span class=\"_ _2\"></span> medium- and long-term risks associat<span class=\"_ _0\"></span>ed with climat<span class=\"_ _0\"></span>e change.<span class=\"_ _2\"></span> Giv<span class=\"_ _0\"></span>en the geogr<span class=\"_ _0\"></span>aphical diversity of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs87\">policyholders within the UK,<span class=\"_ _2\"></span> and the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance progr<span class=\"_ _c\"></span>amme,<span class=\"_ _2\"></span> it is highly unlik<span class=\"_ _0\"></span>ely that a climate e<span class=\"_ _0\"></span>vent will mat<span class=\"_ _c\"></span>erially impact Sabre\u2019<span class=\"_ _2\"></span>s </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls63 ws0 gs88\">ability to contin<span class=\"_ _c\"></span>ue trading.<span class=\"_ _2\"></span> Mor<span class=\"_ _c\"></span>e likely is that the costs associat<span class=\"_ _0\"></span>ed with the tr<span class=\"_ _0\"></span>ansition t<span class=\"_ _0\"></span>o a low-carbon econom<span class=\"_ _0\"></span>y will impact the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s indemnity </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls63 ws0 gs89\">spend,<span class=\"_ _2\"></span> as electric vehicles ar<span class=\"_ _c\"></span>e currently r<span class=\"_ _c\"></span>elatively expensiv<span class=\"_ _c\"></span>e to fix.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>W<span class=\"_ _c\"></span>e expect that this is somewhat,<span class=\"_ _2\"></span> or perhaps complet<span class=\"_ _0\"></span>ely<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> of<span class=\"_ _0\"></span>fset by adv<span class=\"_ _0\"></span>ances in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls63 ws0 gs8a\">tec<span class=\"_ _0\"></span>hnology r<span class=\"_ _0\"></span>educing the frequency of c<span class=\"_ _0\"></span>laims,<span class=\"_ _2\"></span> in particular bodily injur<span class=\"_ _1\"></span>y claims which ar<span class=\"_ _c\"></span>e generally f<span class=\"_ _0\"></span>ar mor<span class=\"_ _0\"></span>e expensiv<span class=\"_ _0\"></span>e than damage to v<span class=\"_ _c\"></span>ehicles.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs8b\">These changes in the costs of claims ar<span class=\"_ _c\"></span>e gradual and as such r<span class=\"_ _c\"></span>eflected in our claims e<span class=\"_ _0\"></span>xperience and fed int<span class=\"_ _c\"></span>o the pricing of our policies.<span class=\"_ _2d8\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-327": {
   "value": "<div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs8d\">1<span class=\"_ _c\"></span>.<span class=\"_ _1\"></span>3. N<span class=\"_ _1\"></span>EW AN<span class=\"_ _1\"></span>D AME<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>D S<span class=\"_ _1\"></span>T<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>NDAR<span class=\"_ _1\"></span>DS AN<span class=\"_ _1\"></span>D INT<span class=\"_ _1\"></span>ER<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>T<span class=\"_ _c\"></span>ATIO<span class=\"_ _1\"></span>NS A<span class=\"_ _1\"></span>DOP<span class=\"_ _1\"></span>TE<span class=\"_ _1\"></span>D BY THE G<span class=\"_ _1\"></span>RO<span class=\"_ _1\"></span>UP<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 ls0 ws0 gs8e\">Am<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts to I<span class=\"_ _1\"></span>FR<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs8f\">The f<span class=\"_ _0\"></span>ollowing amended IFRS st<span class=\"_ _0\"></span>andar<span class=\"_ _0\"></span>ds became eff<span class=\"_ _c\"></span>ective for the y<span class=\"_ _c\"></span>ear ended 31 December 2025:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs90\">\u2212<span class=\"_ _108\"> </span>Amendments t<span class=\"_ _c\"></span>o IAS 21 <span class=\"_ _2\"></span>\u201cThe Eff<span class=\"_ _0\"></span>ects of Changes in For<span class=\"_ _c\"></span>eign Exchange Rates\u201d:<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>\u201cLack of Exchangeability\u201d<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs91\">None of the amendments hav<span class=\"_ _0\"></span>e had a material impact on the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2d8\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-310": {
   "value": "1<span class=\"_ _c\"></span>.<span class=\"_ _1\"></span>3. N<span class=\"_ _1\"></span>EW AN<span class=\"_ _1\"></span>D AME<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>D S<span class=\"_ _1\"></span>T<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>NDAR<span class=\"_ _1\"></span>DS AN<span class=\"_ _1\"></span>D INT<span class=\"_ _1\"></span>ER<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>T<span class=\"_ _c\"></span>ATIO<span class=\"_ _1\"></span>NS A<span class=\"_ _1\"></span>DOP<span class=\"_ _1\"></span>TE<span class=\"_ _1\"></span>D BY THE G<span class=\"_ _1\"></span>RO<span class=\"_ _1\"></span>UP<span class=\"_ _2d8\"> </span>Am<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts to I<span class=\"_ _1\"></span>FR<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing amended IFRS st<span class=\"_ _0\"></span>andar<span class=\"_ _0\"></span>ds became eff<span class=\"_ _c\"></span>ective for the y<span class=\"_ _c\"></span>ear ended 31 December 2025:<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Amendments t<span class=\"_ _c\"></span>o IAS 21 <span class=\"_ _2\"></span>\u201cThe Eff<span class=\"_ _0\"></span>ects of Changes in For<span class=\"_ _c\"></span>eign Exchange Rates\u201d:<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>\u201cLack of Exchangeability\u201d<span class=\"_ _2d8\"> </span>None of the amendments hav<span class=\"_ _0\"></span>e had a material impact on the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2d8\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>. NE<span class=\"_ _1\"></span>W AN<span class=\"_ _1\"></span>D AME<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>D STANDAR<span class=\"_ _1\"></span>DS AN<span class=\"_ _1\"></span>D IN<span class=\"_ _1\"></span>TER<span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>S NOT YE<span class=\"_ _1\"></span>T EF<span class=\"_ _1\"></span>FE<span class=\"_ _1\"></span>CTIVE I<span class=\"_ _1\"></span>N 2<span class=\"_ _1\"></span>025<span class=\"_ _2d8\"> </span>A number of new st<span class=\"_ _c\"></span>andards and int<span class=\"_ _0\"></span>erpr<span class=\"_ _0\"></span>etations adopt<span class=\"_ _c\"></span>ed by the UK which ar<span class=\"_ _0\"></span>e not mandat<span class=\"_ _0\"></span>orily eff<span class=\"_ _c\"></span>ective,<span class=\"_ _2\"></span> as well as st<span class=\"_ _c\"></span>andards\u2019<span class=\"_ _2\"></span> int<span class=\"_ _0\"></span>erpret<span class=\"_ _c\"></span>ations issued by the IASB but not y<span class=\"_ _0\"></span>et adopt<span class=\"_ _0\"></span>ed by the UK,<span class=\"_ _2\"></span> hav<span class=\"_ _0\"></span>e not been applied in pr<span class=\"_ _0\"></span>eparing these financial stat<span class=\"_ _c\"></span>ements.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not plan to adopt these st<span class=\"_ _c\"></span>andards early;<span class=\"_ _2\"></span> instead,<span class=\"_ _2\"></span> it expects t<span class=\"_ _c\"></span>o apply them from their ef<span class=\"_ _c\"></span>fective dat<span class=\"_ _c\"></span>es as determined by their dat<span class=\"_ _c\"></span>es of UK endorsement.<span class=\"_ _2\"></span> These st<span class=\"_ _0\"></span>andards ar<span class=\"_ _c\"></span>e not expected t<span class=\"_ _c\"></span>o have a significant impact on the r<span class=\"_ _c\"></span>esults within the financial stat<span class=\"_ _0\"></span>ements.<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">Ann<span class=\"_ _0\"></span>ual impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ements t<span class=\"_ _0\"></span>o IFRS \u2013 <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>olume 11 (eff<span class=\"_ _0\"></span>ective 1 Jan<span class=\"_ _c\"></span>uar<span class=\"_ _1\"></span>y 2026).<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Annual impr<span class=\"_ _c\"></span>ov<span class=\"_ _0\"></span>ements are limit<span class=\"_ _c\"></span>ed to changes that either clarify<span class=\"_ _2d8\"> </span></span>the wor<span class=\"_ _c\"></span>ding in an Accounting St<span class=\"_ _c\"></span>andard or corr<span class=\"_ _0\"></span>ect r<span class=\"_ _0\"></span>elatively minor unint<span class=\"_ _c\"></span>ended consequences,<span class=\"_ _2\"></span> ov<span class=\"_ _0\"></span>ersights or conflicts between the<span class=\"_ _2d8\"> </span>r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements in the <span class=\"_ _0\"></span>Accounting St<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes minor clarifications t<span class=\"_ _c\"></span>o IFRS 7 <span class=\"_ _2\"></span>\u201cFinancial Instruments:<span class=\"_ _c\"></span> Disclosures\u201d,<span class=\"_ _2\"></span> IFRS 9<span class=\"_ _2d8\"> </span>\u201cFinancial Instruments\u201d,<span class=\"_ _2\"></span> IFRS 10 <span class=\"_ _2\"></span>\u201cConsolidated Financial St<span class=\"_ _c\"></span>atements\u201d,<span class=\"_ _2\"></span> and IAS 7 <span class=\"_ _2\"></span>\u201cSt<span class=\"_ _0\"></span>atement of Cash Flo<span class=\"_ _c\"></span>ws\u201d.<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">IFRS 18 <span class=\"_ _2\"></span>\u201cPr<span class=\"_ _c\"></span>esentation and Disclosur<span class=\"_ _c\"></span>e in Financial Stat<span class=\"_ _0\"></span>ements\u201d<span class=\"_ _2\"></span> \u2013 Eff<span class=\"_ _c\"></span>ective 1 January 2027,<span class=\"_ _2\"></span> with r<span class=\"_ _0\"></span>etr<span class=\"_ _0\"></span>ospective application \u2013 IFRS 18,<span class=\"_ _2\"></span> which<span class=\"_ _2d8\"> </span></span>r<span class=\"_ _0\"></span>eplaces IAS 1 <span class=\"_ _2\"></span>\u201cPr<span class=\"_ _0\"></span>esentation of Financial St<span class=\"_ _c\"></span>atements\u201d,<span class=\"_ _2\"></span> intr<span class=\"_ _0\"></span>oduces new r<span class=\"_ _c\"></span>equirements f<span class=\"_ _0\"></span>or pr<span class=\"_ _0\"></span>esentation and disc<span class=\"_ _0\"></span>losure in the financial<span class=\"_ _2d8\"> </span>stat<span class=\"_ _c\"></span>ements,<span class=\"_ _2\"></span> with a focus on the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2\"></span> Items in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account will be classified into one of fiv<span class=\"_ _0\"></span>e categories:<span class=\"_ _2\"></span> oper<span class=\"_ _0\"></span>ating,<span class=\"_ _2\"></span> in<span class=\"_ _0\"></span>vesting,<span class=\"_ _2\"></span> financing<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> income tax<span class=\"_ _0\"></span>es and discontinued oper<span class=\"_ _c\"></span>ations,<span class=\"_ _2\"></span> of which the first thr<span class=\"_ _0\"></span>ee ar<span class=\"_ _0\"></span>e new<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> It also requir<span class=\"_ _0\"></span>es the disclosur<span class=\"_ _c\"></span>e<span class=\"_ _2d8\"> </span>of newly defined management-deriv<span class=\"_ _0\"></span>ed performance measur<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> how these ar<span class=\"_ _c\"></span>e calculated and why these pr<span class=\"_ _c\"></span>ovide useful inf<span class=\"_ _0\"></span>ormation,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>econciled to the IFRS r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>As a present<span class=\"_ _c\"></span>ation and disclosure st<span class=\"_ _0\"></span>andar<span class=\"_ _0\"></span>d,<span class=\"_ _2\"></span> the implementation of IFRS 18 will not af<span class=\"_ _c\"></span>fect the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s<span class=\"_ _2d8\"> </span>r<span class=\"_ _0\"></span>esults.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup is currently w<span class=\"_ _c\"></span>orking to identify all impacts the amendments will hav<span class=\"_ _0\"></span>e on the primary financial statements and not<span class=\"_ _c\"></span>es to<span class=\"_ _2d8\"> </span>the financial stat<span class=\"_ _c\"></span>ements.<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">Amendment t<span class=\"_ _c\"></span>o IFRS 9 and IFRS 7 (effectiv<span class=\"_ _c\"></span>e 1 January 2026).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>These amendments clarify the r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements for the timing of r<span class=\"_ _c\"></span>ecognition<span class=\"_ _2d8\"> </span></span>and der<span class=\"_ _0\"></span>ecognition of some financial assets and liabilities,<span class=\"_ _2\"></span> clarify and add further guidance for assessing whether a financial asset<span class=\"_ _2d8\"> </span>meets the solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) criterion,<span class=\"_ _2\"></span> add ne<span class=\"_ _0\"></span>w disclosur<span class=\"_ _0\"></span>es for certain instruments with contr<span class=\"_ _c\"></span>actual<span class=\"_ _2d8\"> </span>terms that can c<span class=\"_ _0\"></span>hange cash flows and mak<span class=\"_ _c\"></span>e updates t<span class=\"_ _0\"></span>o the disclosur<span class=\"_ _0\"></span>es for equity instruments designat<span class=\"_ _c\"></span>ed at Fair <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>alue through Other<span class=\"_ _2d8\"> </span>Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span><span class=\"_ _108\"> </span>IFRS 19 <span class=\"_ _2\"></span>\u201cSubsidiaries without Public <span class=\"_ _c\"></span>Accountability:<span class=\"_ _2\"></span> Disclosures\u201d<span class=\"_ _2\"></span> (ef<span class=\"_ _c\"></span>fective 1 Jan<span class=\"_ _c\"></span>uar<span class=\"_ _1\"></span>y 2027).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This new standar<span class=\"_ _c\"></span>d reduces the disclosur<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements for subsidiaries while maint<span class=\"_ _c\"></span>aining the usefulness of the information for users of their financial st<span class=\"_ _c\"></span>atements.<span class=\"_ _2\"></span> Subsidiaries ar<span class=\"_ _c\"></span>e eligible to apply IFRS 19 if the<span class=\"_ _c\"></span>y do not have public account<span class=\"_ _0\"></span>ability and their parent compan<span class=\"_ _c\"></span>y applies IFRS in their consolidated financial stat<span class=\"_ _c\"></span>ements.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As the principal subsidiary of the Group is a public int<span class=\"_ _c\"></span>erest entity<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group does not e<span class=\"_ _0\"></span>xpect any significant impact fr<span class=\"_ _c\"></span>om IFRS 19.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-328": {
   "value": "<div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs93\">1<span class=\"_ _c\"></span>.<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>. NE<span class=\"_ _1\"></span>W AN<span class=\"_ _1\"></span>D AME<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>D STANDAR<span class=\"_ _1\"></span>DS AN<span class=\"_ _1\"></span>D IN<span class=\"_ _1\"></span>TER<span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>S NOT YE<span class=\"_ _1\"></span>T EF<span class=\"_ _1\"></span>FE<span class=\"_ _1\"></span>CTIVE I<span class=\"_ _1\"></span>N 2<span class=\"_ _1\"></span>025<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs94\">A number of new st<span class=\"_ _c\"></span>andards and int<span class=\"_ _0\"></span>erpr<span class=\"_ _0\"></span>etations adopt<span class=\"_ _c\"></span>ed by the UK which ar<span class=\"_ _0\"></span>e not mandat<span class=\"_ _0\"></span>orily eff<span class=\"_ _c\"></span>ective,<span class=\"_ _2\"></span> as well as st<span class=\"_ _c\"></span>andards\u2019<span class=\"_ _2\"></span> int<span class=\"_ _0\"></span>erpret<span class=\"_ _c\"></span>ations </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs95\">issued by the IASB but not y<span class=\"_ _0\"></span>et adopt<span class=\"_ _0\"></span>ed by the UK,<span class=\"_ _2\"></span> hav<span class=\"_ _0\"></span>e not been applied in pr<span class=\"_ _0\"></span>eparing these financial stat<span class=\"_ _c\"></span>ements.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not plan </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs96\">to adopt these st<span class=\"_ _c\"></span>andards early;<span class=\"_ _2\"></span> instead,<span class=\"_ _2\"></span> it expects t<span class=\"_ _c\"></span>o apply them from their ef<span class=\"_ _c\"></span>fective dat<span class=\"_ _c\"></span>es as determined by their dat<span class=\"_ _c\"></span>es of UK endorsement.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs97\">These st<span class=\"_ _0\"></span>andards ar<span class=\"_ _c\"></span>e not expected t<span class=\"_ _c\"></span>o have a significant impact on the r<span class=\"_ _c\"></span>esults within the financial stat<span class=\"_ _0\"></span>ements.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs98\">\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">Ann<span class=\"_ _0\"></span>ual impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ements t<span class=\"_ _0\"></span>o IFRS \u2013 <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>olume 11 (eff<span class=\"_ _0\"></span>ective 1 Jan<span class=\"_ _c\"></span>uar<span class=\"_ _1\"></span>y 2026).<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Annual impr<span class=\"_ _c\"></span>ov<span class=\"_ _0\"></span>ements are limit<span class=\"_ _c\"></span>ed to changes that either clarify<span class=\"_ _2d8\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs99\">the wor<span class=\"_ _c\"></span>ding in an Accounting St<span class=\"_ _c\"></span>andard or corr<span class=\"_ _0\"></span>ect r<span class=\"_ _0\"></span>elatively minor unint<span class=\"_ _c\"></span>ended consequences,<span class=\"_ _2\"></span> ov<span class=\"_ _0\"></span>ersights or conflicts between the<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs9a\">r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements in the <span class=\"_ _0\"></span>Accounting St<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes minor clarifications t<span class=\"_ _c\"></span>o IFRS 7 <span class=\"_ _2\"></span>\u201cFinancial Instruments:<span class=\"_ _c\"></span> Disclosures\u201d,<span class=\"_ _2\"></span> IFRS 9<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs9b\">\u201cFinancial Instruments\u201d,<span class=\"_ _2\"></span> IFRS 10 <span class=\"_ _2\"></span>\u201cConsolidated Financial St<span class=\"_ _c\"></span>atements\u201d,<span class=\"_ _2\"></span> and IAS 7 <span class=\"_ _2\"></span>\u201cSt<span class=\"_ _0\"></span>atement of Cash Flo<span class=\"_ _c\"></span>ws\u201d.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs9c\">\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">IFRS 18 <span class=\"_ _2\"></span>\u201cPr<span class=\"_ _c\"></span>esentation and Disclosur<span class=\"_ _c\"></span>e in Financial Stat<span class=\"_ _0\"></span>ements\u201d<span class=\"_ _2\"></span> \u2013 Eff<span class=\"_ _c\"></span>ective 1 January 2027,<span class=\"_ _2\"></span> with r<span class=\"_ _0\"></span>etr<span class=\"_ _0\"></span>ospective application \u2013 IFRS 18,<span class=\"_ _2\"></span> which<span class=\"_ _2d8\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs9d\">r<span class=\"_ _0\"></span>eplaces IAS 1 <span class=\"_ _2\"></span>\u201cPr<span class=\"_ _0\"></span>esentation of Financial St<span class=\"_ _c\"></span>atements\u201d,<span class=\"_ _2\"></span> intr<span class=\"_ _0\"></span>oduces new r<span class=\"_ _c\"></span>equirements f<span class=\"_ _0\"></span>or pr<span class=\"_ _0\"></span>esentation and disc<span class=\"_ _0\"></span>losure in the financial<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs9e\">stat<span class=\"_ _c\"></span>ements,<span class=\"_ _2\"></span> with a focus on the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2\"></span> Items in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account will be classified into one of fiv<span class=\"_ _0\"></span>e categories:<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs9f\">oper<span class=\"_ _0\"></span>ating,<span class=\"_ _2\"></span> in<span class=\"_ _0\"></span>vesting,<span class=\"_ _2\"></span> financing<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> income tax<span class=\"_ _0\"></span>es and discontinued oper<span class=\"_ _c\"></span>ations,<span class=\"_ _2\"></span> of which the first thr<span class=\"_ _0\"></span>ee ar<span class=\"_ _0\"></span>e new<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> It also requir<span class=\"_ _0\"></span>es the disclosur<span class=\"_ _c\"></span>e<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gsa0\">of newly defined management-deriv<span class=\"_ _0\"></span>ed performance measur<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> how these ar<span class=\"_ _c\"></span>e calculated and why these pr<span class=\"_ _c\"></span>ovide useful inf<span class=\"_ _0\"></span>ormation,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gsa1\">r<span class=\"_ _0\"></span>econciled to the IFRS r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>As a present<span class=\"_ _c\"></span>ation and disclosure st<span class=\"_ _0\"></span>andar<span class=\"_ _0\"></span>d,<span class=\"_ _2\"></span> the implementation of IFRS 18 will not af<span class=\"_ _c\"></span>fect the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gsa2\">r<span class=\"_ _0\"></span>esults.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup is currently w<span class=\"_ _c\"></span>orking to identify all impacts the amendments will hav<span class=\"_ _0\"></span>e on the primary financial statements and not<span class=\"_ _c\"></span>es to<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gsa3\">the financial stat<span class=\"_ _c\"></span>ements.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsa4\">\u2212<span class=\"_ _108\"> </span><span class=\"ls4c\">Amendment t<span class=\"_ _c\"></span>o IFRS 9 and IFRS 7 (effectiv<span class=\"_ _c\"></span>e 1 January 2026).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>These amendments clarify the r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements for the timing of r<span class=\"_ _c\"></span>ecognition<span class=\"_ _2d8\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gsa5\">and der<span class=\"_ _0\"></span>ecognition of some financial assets and liabilities,<span class=\"_ _2\"></span> clarify and add further guidance for assessing whether a financial asset<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gsa6\">meets the solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) criterion,<span class=\"_ _2\"></span> add ne<span class=\"_ _0\"></span>w disclosur<span class=\"_ _0\"></span>es for certain instruments with contr<span class=\"_ _c\"></span>actual<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gsa7\">terms that can c<span class=\"_ _0\"></span>hange cash flows and mak<span class=\"_ _c\"></span>e updates t<span class=\"_ _0\"></span>o the disclosur<span class=\"_ _0\"></span>es for equity instruments designat<span class=\"_ _c\"></span>ed at Fair <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>alue through Other<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gsa8\">Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span></div><span class=\"_ _108\"> </span>IFRS 19 <span class=\"_ _2\"></span>\u201cSubsidiaries without Public <span class=\"_ _c\"></span>Accountability:<span class=\"_ _2\"></span> Disclosures\u201d<span class=\"_ _2\"></span> (ef<span class=\"_ _c\"></span>fective 1 Jan<span class=\"_ _c\"></span>uar<span class=\"_ _1\"></span>y 2027).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This new standar<span class=\"_ _c\"></span>d reduces the disclosur<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements for subsidiaries while maint<span class=\"_ _c\"></span>aining the usefulness of the information for users of their financial st<span class=\"_ _c\"></span>atements.<span class=\"_ _2\"></span> Subsidiaries ar<span class=\"_ _c\"></span>e eligible to apply IFRS 19 if the<span class=\"_ _c\"></span>y do not have public account<span class=\"_ _0\"></span>ability and their parent compan<span class=\"_ _c\"></span>y applies IFRS in their consolidated financial stat<span class=\"_ _c\"></span>ements.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As the principal subsidiary of the Group is a public int<span class=\"_ _c\"></span>erest entity<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group does not e<span class=\"_ _0\"></span>xpect any significant impact fr<span class=\"_ _c\"></span>om IFRS 19.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-311": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls0 ws0 gsaa\">2<span class=\"_ _1\"></span>. RI<span class=\"_ _1\"></span>SK AN<span class=\"_ _1\"></span>D CAPIT<span class=\"_ _c\"></span>AL M<span class=\"_ _1\"></span>ANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gsab\">2<span class=\"_ _1\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. R<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>SK MA<span class=\"_ _1\"></span>NAGEM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT FR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>WORK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsac\">The Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc Boar<span class=\"_ _0\"></span>d is r<span class=\"_ _0\"></span>esponsible for prudent o<span class=\"_ _0\"></span>versight of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s business and financial operations,<span class=\"_ _b\"></span> ensuring that they<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsad\">ar<span class=\"_ _0\"></span>e conducted in accor<span class=\"_ _c\"></span>dance with sound business principles and with applicable laws and regulations,<span class=\"_ _b\"></span> and ensure f<span class=\"_ _0\"></span>air customer outcomes<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsae\">This includes r<span class=\"_ _c\"></span>esponsibility to articulate and monit<span class=\"_ _0\"></span>or adher<span class=\"_ _0\"></span>ence to the Boar<span class=\"_ _c\"></span>d\u2019<span class=\"_ _c\"></span>s appetite f<span class=\"_ _c\"></span>or exposure t<span class=\"_ _c\"></span>o all risk types.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Boar<span class=\"_ _0\"></span>d also ensur<span class=\"_ _0\"></span>es<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsaf\">that measur<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e in place to pr<span class=\"_ _c\"></span>ovide independent and objectiv<span class=\"_ _0\"></span>e assur<span class=\"_ _0\"></span>ance on the eff<span class=\"_ _c\"></span>ective identification and management of risk and<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb0\">on<span class=\"_ gs41\"> </span>the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>eness of the int<span class=\"_ _0\"></span>ernal contr<span class=\"_ _0\"></span>ols in place to mitigat<span class=\"_ _c\"></span>e those risks.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb1\">The Boar<span class=\"_ _0\"></span>d has set a r<span class=\"_ _0\"></span>obust risk management str<span class=\"_ _0\"></span>ategy and fr<span class=\"_ _c\"></span>amework as an int<span class=\"_ _c\"></span>egral element in its pursuit of business objectiv<span class=\"_ _0\"></span>es and in the<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb2\">fulfilment of its obligations to shar<span class=\"_ _c\"></span>eholders,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>egulators<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> customers and emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb3\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s risk management fr<span class=\"_ _0\"></span>amework is pr<span class=\"_ _c\"></span>opor<span class=\"_ _1\"></span>tionat<span class=\"_ _0\"></span>e to the risks that w<span class=\"_ _0\"></span>e face<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Our assessment of risk is not static;<span class=\"_ _2\"></span> we continually r<span class=\"_ _c\"></span>eassess<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb4\">the risk envir<span class=\"_ _c\"></span>onment in which the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates and ensur<span class=\"_ _c\"></span>e that we maint<span class=\"_ _0\"></span>ain appr<span class=\"_ _0\"></span>opriate mitigation in or<span class=\"_ _c\"></span>der to r<span class=\"_ _0\"></span>emain within our risk<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb5\">appetite<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group\u2019<span class=\"_ _2\"></span>s Management Risk and Compliance Forum giv<span class=\"_ _0\"></span>es management the r<span class=\"_ _0\"></span>egular opportunity to r<span class=\"_ _0\"></span>evie<span class=\"_ _0\"></span>w and discuss the risks<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb6\">which the Gr<span class=\"_ _c\"></span>oup faces,<span class=\"_ _2\"></span> including but not limit<span class=\"_ _0\"></span>ed to an<span class=\"_ _c\"></span>y breaches<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> issues or emerging risks<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Forum also works t<span class=\"_ _c\"></span>o ensure that adequat<span class=\"_ _0\"></span>e<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb7\">mitigation for the risks the Gr<span class=\"_ _c\"></span>oup is exposed t<span class=\"_ _0\"></span>o are in place<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gsb8\">2.2. UNDERWRIT<span class=\"_ _0\"></span>ING RISK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsb9\">The principal risk the Gr<span class=\"_ _c\"></span>oup faces under insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts is that the actual claims and benefit payments,<span class=\"_ _2\"></span> or the timing ther<span class=\"_ _c\"></span>eof<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> diff<span class=\"_ _c\"></span>er from<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsba\">expect<span class=\"_ _0\"></span>ations.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is influenced by the fr<span class=\"_ _c\"></span>equency of claims,<span class=\"_ _2\"></span> sev<span class=\"_ _0\"></span>erity of claims,<span class=\"_ _2\"></span> actual benefits paid and subsequent dev<span class=\"_ _c\"></span>elopment of long-term<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsbb\">claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the objective of the Gr<span class=\"_ _c\"></span>oup is to ensur<span class=\"_ _0\"></span>e that suf<span class=\"_ _0\"></span>ficient r<span class=\"_ _0\"></span>eserves ar<span class=\"_ _0\"></span>e available t<span class=\"_ _c\"></span>o cover these liabilities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsbc\">The Gr<span class=\"_ _c\"></span>oup issues only motor insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> which usually co<span class=\"_ _0\"></span>ver a 12-month dur<span class=\"_ _c\"></span>ation.<span class=\"_ _2\"></span> For these contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> the most significant risks arise<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsbd\">fr<span class=\"_ _0\"></span>om under<span class=\"_ _c\"></span>-estimation of the expected costs att<span class=\"_ _0\"></span>ached t<span class=\"_ _0\"></span>o a policy or a claim,<span class=\"_ _2\"></span> for e<span class=\"_ _0\"></span>xample thr<span class=\"_ _c\"></span>ough unexpect<span class=\"_ _0\"></span>ed inflation of costs or single<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsbe\">catastr<span class=\"_ _c\"></span>ophic ev<span class=\"_ _0\"></span>ents.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsbf\">Refer t<span class=\"_ _c\"></span>o Note 3.6 f<span class=\"_ _0\"></span>or detail on these risks and the w<span class=\"_ _0\"></span>ay the Gr<span class=\"_ _c\"></span>oup manages them.<span class=\"_ _2\"></span> Note 3.6 also includes the consider<span class=\"_ _c\"></span>ations of climate change.<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsc0\">Further discussion on climate change can be f<span class=\"_ _0\"></span>ound in the Principal Risks and Uncertainties section on pages 22 t<span class=\"_ _0\"></span>o 30 of the Str<span class=\"_ _0\"></span>ategic Report<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsc1\">and the Responsibility and Sustainability section on pages 41 t<span class=\"_ _c\"></span>o 67.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gsc2\">2<span class=\"_ _1\"></span>.3. C<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsc3\">Cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _0\"></span>eflects the financial impact of the default of one or mor<span class=\"_ _c\"></span>e of the Group\u2019<span class=\"_ _2\"></span>s count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ties.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup is exposed to financial risks<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsc4\">caused by a loss in the v<span class=\"_ _0\"></span>alue of financial assets due t<span class=\"_ _0\"></span>o counterparties failing t<span class=\"_ _c\"></span>o meet all or par<span class=\"_ _1\"></span>t of their obligations.<span class=\"_ _2\"></span> K<span class=\"_ _c\"></span>ey areas wher<span class=\"_ _c\"></span>e the<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsc5\">Gr<span class=\"_ _0\"></span>oup is exposed t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit default risk ar<span class=\"_ _c\"></span>e:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsc6\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Failur<span class=\"_ _c\"></span>e of an asset counterparty to meet their financial obligations (Not<span class=\"_ _c\"></span>e 4.4)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsc7\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsc8\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gsca\">2<span class=\"_ _1\"></span>.3. C<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gscb\">Cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _0\"></span>eflects the financial impact of the default of one or mor<span class=\"_ _c\"></span>e of the Group\u2019<span class=\"_ _2\"></span>s count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ties.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup is exposed to financial risks<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gscc\">caused by a loss in the v<span class=\"_ _0\"></span>alue of financial assets due t<span class=\"_ _0\"></span>o counterparties failing t<span class=\"_ _c\"></span>o meet all or par<span class=\"_ _1\"></span>t of their obligations.<span class=\"_ _2\"></span> K<span class=\"_ _c\"></span>ey areas wher<span class=\"_ _c\"></span>e the<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gscd\">Gr<span class=\"_ _0\"></span>oup is exposed t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit default risk ar<span class=\"_ _c\"></span>e:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsce\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Failur<span class=\"_ _c\"></span>e of an asset counterparty to meet their financial obligations (Not<span class=\"_ _c\"></span>e 4.4)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gscf\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd0\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gsd1\">The f<span class=\"_ _0\"></span>ollowing policies and pr<span class=\"_ _c\"></span>ocedures ar<span class=\"_ _c\"></span>e in place to mitigat<span class=\"_ _0\"></span>e the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s exposure t<span class=\"_ _c\"></span>o credit risk:<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd2\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>A Gr<span class=\"_ _c\"></span>oup credit risk policy which sets out the assessment and det<span class=\"_ _c\"></span>ermination of what constitutes cr<span class=\"_ _0\"></span>edit risk for the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2\"></span> Compliance with<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd3\">the policy is monitor<span class=\"_ _c\"></span>ed and exposur<span class=\"_ _0\"></span>es and br<span class=\"_ _0\"></span>eaches ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s Risk Committee<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd4\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance is placed with counterparties that have a good cr<span class=\"_ _c\"></span>edit rating and concentr<span class=\"_ _c\"></span>ation of risk is avoided by f<span class=\"_ _c\"></span>ollowing policy<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd5\">guidelines in r<span class=\"_ _0\"></span>espect of counterparties\u2019<span class=\"_ _2\"></span> limits that ar<span class=\"_ _0\"></span>e set each year b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors and ar<span class=\"_ _c\"></span>e subject to r<span class=\"_ _c\"></span>egular revie<span class=\"_ _0\"></span>ws.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>At each<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd6\">r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> management performs an assessment of cr<span class=\"_ _c\"></span>editworthiness of reinsur<span class=\"_ _c\"></span>ers and updates the r<span class=\"_ _c\"></span>einsurance pur<span class=\"_ _c\"></span>chase strat<span class=\"_ _c\"></span>egy<span class=\"_ _c\"></span>,<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd7\">ascertaining a suit<span class=\"_ _0\"></span>able allow<span class=\"_ _0\"></span>ance for impairment<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd8\"> <span class=\"_ _19f\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls41\">The Gr<span class=\"_ _c\"></span>oup sets the maximum amounts and limits that may be adv<span class=\"_ _0\"></span>anced to corpor<span class=\"_ _c\"></span>ate count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to their long-t<span class=\"_ _c\"></span>erm credit<span class=\"_ gs41\"> </span>r<span class=\"_ _c\"></span>atings<span class=\"_ _2d8\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsd9\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The cr<span class=\"_ _c\"></span>edit risk in respect of cust<span class=\"_ _0\"></span>omer balances incurr<span class=\"_ _0\"></span>ed on non-payment of pr<span class=\"_ _0\"></span>emiums or contributions will only persist during the gr<span class=\"_ _c\"></span>ace<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsda\">period specified in the policy document or trust deed until expiry<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the policy is either paid up or t<span class=\"_ _0\"></span>erminated.<span class=\"_ _2\"></span> Commission paid t<span class=\"_ _c\"></span>o<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsdb\">intermediaries is nett<span class=\"_ _c\"></span>ed off against amounts r<span class=\"_ _c\"></span>eceivable fr<span class=\"_ _0\"></span>om them to r<span class=\"_ _c\"></span>educe the risk of doubtful debts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsdc\">Refer t<span class=\"_ _c\"></span>o Notes 3.7 and 4.4 as indicat<span class=\"_ _0\"></span>ed abov<span class=\"_ _c\"></span>e for further information on cr<span class=\"_ _0\"></span>edit risk.<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> </div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gsdd\">2.4<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span> LIQUIDITY RISK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gsde\">Liquidity risk is the potential that obligations cannot be met as the<span class=\"_ _c\"></span>y fall due as a consequence of having a timing mismatch or inability </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gsdf\">to r<span class=\"_ _c\"></span>aise sufficient liquid assets without suf<span class=\"_ _c\"></span>fering a subst<span class=\"_ _0\"></span>antial loss on r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup manages its liquidity risk through both ensuring </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gse0\">that it holds suf<span class=\"_ _0\"></span>ficient cash and cash equivalent assets t<span class=\"_ _0\"></span>o meet all short-term liabilities,<span class=\"_ _2\"></span> and matching the maturity pr<span class=\"_ _c\"></span>ofile of its financial </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gse1\">inv<span class=\"_ _c\"></span>estments to the expect<span class=\"_ _c\"></span>ed cash outflows.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gse2\">Refer t<span class=\"_ _c\"></span>o Note 6 f<span class=\"_ _0\"></span>or fur<span class=\"_ _1\"></span>ther inf<span class=\"_ _0\"></span>ormation on liquidity risk.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls1d ws1f gse3\">2.<span class=\"_ _1\"></span>5. INVES<span class=\"_ _1\"></span>TMENT CO<span class=\"_ _1\"></span>NCE<span class=\"_ _1\"></span>NTRATION RIS<span class=\"_ _1\"></span>K<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gse4\">Excessive e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to particular industry sectors or gr<span class=\"_ _c\"></span>oups can give rise to concentr<span class=\"_ _c\"></span>ation risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup has no significant investment in an<span class=\"_ _c\"></span>y </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gse5\">particular industrial sector and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is unlikely t<span class=\"_ _c\"></span>o suff<span class=\"_ _0\"></span>er significant losses thr<span class=\"_ _0\"></span>ough its inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio as a r<span class=\"_ _c\"></span>esult of over<span class=\"_ _c\"></span>-exposur<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gse6\">sectors engaged in similar activities or whic<span class=\"_ _0\"></span>h have similar economic f<span class=\"_ _c\"></span>eatures that w<span class=\"_ _0\"></span>ould cause their ability to meet contr<span class=\"_ _c\"></span>actual obligations to </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gse7\">be similarly af<span class=\"_ _0\"></span>fect<span class=\"_ _c\"></span>ed by changes in economic,<span class=\"_ _2\"></span> political or other conditions.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gse8\">A significant part of the Group\u2019<span class=\"_ _2\"></span>s inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio consists primarily of UK go<span class=\"_ _0\"></span>vernment bonds and go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed bonds;<span class=\"_ _c\"></span> ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gse9\">risk of gov<span class=\"_ _c\"></span>ernment default does exist,<span class=\"_ _2\"></span> ho<span class=\"_ _0\"></span>wev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the likelihood is extr<span class=\"_ _c\"></span>emely remot<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The r<span class=\"_ _0\"></span>emainder of the portfolio consists of inv<span class=\"_ _c\"></span>estment grade </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsea\">corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group contin<span class=\"_ _0\"></span>ues to monit<span class=\"_ _c\"></span>or the strength and security of all bonds<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gseb\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olio has a significant concentr<span class=\"_ _0\"></span>ation of UK debt securities and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is exposed to mo<span class=\"_ _c\"></span>vements in UK inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsec\">Refer t<span class=\"_ _c\"></span>o Note 4.2.1 f<span class=\"_ _0\"></span>or fur<span class=\"_ _1\"></span>ther inf<span class=\"_ _0\"></span>ormation on inv<span class=\"_ _c\"></span>estment concentration risk.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gsee\">2<span class=\"_ _1\"></span>.6. O<span class=\"_ _1\"></span>PE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>NAL R<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>K<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsef\">Oper<span class=\"_ _0\"></span>ational risk is the risk of loss arising fr<span class=\"_ _0\"></span>om syst<span class=\"_ _0\"></span>em failur<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> cyber attack,<span class=\"_ _2\"></span> h<span class=\"_ _0\"></span>uman err<span class=\"_ _0\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> fr<span class=\"_ _0\"></span>aud or ext<span class=\"_ _0\"></span>ernal ev<span class=\"_ _0\"></span>ents.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>When controls f<span class=\"_ _c\"></span>ail to perform,<span class=\"_ _b\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf0\">oper<span class=\"_ _0\"></span>ational risks can cause damage to r<span class=\"_ _c\"></span>eputation,<span class=\"_ _2\"></span> hav<span class=\"_ _c\"></span>e legal or regulat<span class=\"_ _0\"></span>ory implications or can lead to financial loss.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup cannot </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf1\">expect t<span class=\"_ _0\"></span>o eliminat<span class=\"_ _0\"></span>e all oper<span class=\"_ _0\"></span>ational risks,<span class=\"_ _2\"></span> but by oper<span class=\"_ _c\"></span>ating a rigorous contr<span class=\"_ _c\"></span>ol fr<span class=\"_ _0\"></span>amework and b<span class=\"_ _0\"></span>y monit<span class=\"_ _0\"></span>oring and r<span class=\"_ _0\"></span>esponding to pot<span class=\"_ _c\"></span>ential risks,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf2\">the Gr<span class=\"_ _0\"></span>oup is able to manage the risks<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Contr<span class=\"_ _0\"></span>ols include ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e segregation of duties,<span class=\"_ _2\"></span> access contr<span class=\"_ _c\"></span>ols,<span class=\"_ _2\"></span> authorisation and r<span class=\"_ _0\"></span>econciliation </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf3\">pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> st<span class=\"_ _0\"></span>aff education and assessment pr<span class=\"_ _c\"></span>ocesses,<span class=\"_ _2\"></span> including the use of int<span class=\"_ _0\"></span>ernal audit.<span class=\"_ _2\"></span> Business risks such as changes in en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onment,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf4\">tec<span class=\"_ _0\"></span>hnology and the industry are monit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s strat<span class=\"_ _c\"></span>egic planning and budgeting process.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws107 gsf5\">2<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>. CAPITAL <span class=\"_ _12\"> </span>M<span class=\"_ _1\"></span>ANAGE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf6\">The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors has ultimat<span class=\"_ _c\"></span>e responsibility f<span class=\"_ _0\"></span>or ensuring that the Gr<span class=\"_ _0\"></span>oup has suf<span class=\"_ _0\"></span>ficient funds to meet its liabilities as the<span class=\"_ _0\"></span>y fall due<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf7\">Gr<span class=\"_ _0\"></span>oup carries out detailed modelling of its assets and liabilities<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> and the k<span class=\"_ _0\"></span>ey risks t<span class=\"_ _0\"></span>o which these ar<span class=\"_ _0\"></span>e exposed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This modelling includes the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf8\">Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s own assessment of its capit<span class=\"_ _0\"></span>al requir<span class=\"_ _c\"></span>ements for solv<span class=\"_ _0\"></span>ency purposes.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsf9\">The Gr<span class=\"_ _c\"></span>oup has continued to manage its solv<span class=\"_ _0\"></span>ency with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to the solv<span class=\"_ _0\"></span>ency capital r<span class=\"_ _c\"></span>equirement (\u201cSCR\u201d) calculat<span class=\"_ _c\"></span>ed using the standar<span class=\"_ _0\"></span>d </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsfa\">form<span class=\"_ _0\"></span>ula.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group has de<span class=\"_ _0\"></span>veloped suf<span class=\"_ _c\"></span>ficient processes t<span class=\"_ _c\"></span>o ensure that the capit<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements under Solvency II ar<span class=\"_ _c\"></span>e not breached,<span class=\"_ _2\"></span> including </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsfb\">the maintenance of capit<span class=\"_ _c\"></span>al at a level higher than that r<span class=\"_ _c\"></span>equired thr<span class=\"_ _c\"></span>ough the standar<span class=\"_ _c\"></span>d formula.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers its capital position t<span class=\"_ _c\"></span>o be its </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gsfc\">net assets on a Solvency II basis and monit<span class=\"_ _c\"></span>ors this in the context of the Solv<span class=\"_ _0\"></span>ency II SCR.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gsfd\">The Gr<span class=\"_ _c\"></span>oup aims to r<span class=\"_ _0\"></span>etain suf<span class=\"_ _c\"></span>ficient capital such that in all r<span class=\"_ _c\"></span>easonably for<span class=\"_ _0\"></span>eseeable scenarios,<span class=\"_ _2\"></span> it will hold r<span class=\"_ _c\"></span>egulatory capital in excess of its SCR.<span class=\"_ _b\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gsfe\">The Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors currently consider that this is ac<span class=\"_ _0\"></span>hiev<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough maintaining a r<span class=\"_ _c\"></span>egulatory capital surplus of 140% t<span class=\"_ _c\"></span>o 160%.<span class=\"_ _2\"></span> As at 31 December<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gsff\">2025,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup holds significant excess Solv<span class=\"_ _0\"></span>ency II capital.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs100\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s IFRS capital comprised:<span class=\"_ _2d8\"> </span></div><div class=\"gs101\"><table class=\"s w141 h6c\" id=\"_64ee9cdc-fbb4-4834-8a79-b7e5c179e803\"><tr><td></td><td class=\"t m0 x323 h29 y2553 ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x1d6 y2555 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2555 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y2556 wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2556 wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2557 w142 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>e capital</div></td><td class=\"c n x326 y2557 w143 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span>2<span class=\"_ _8\"></span>47\ue01d</div></td><td></td><td class=\"c n x327 y2557 w144 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>25<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2558 wa3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Own shar<span class=\"_ _0\"></span>es</div></td><td class=\"c n x328 y2558 w145 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>35<span class=\"_ _8\"></span>4)<span class=\"_ _7f\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x329 y2558 w146 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">(<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2559 wa7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Merger r<span class=\"_ _c\"></span>eserve</div></td><td class=\"c n x32a y2559 w147 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>48<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x32b y2559 w148 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\">,525\ue01d</div></td><td class=\"c n x32c y2559 w149 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>48,525\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255a wa9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">FV<span class=\"_ _c\"></span>OCI reserve</div></td><td></td><td class=\"c n x32d y255a w14a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1a3\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10c\"> </span></span></div></td><td class=\"c n x32e y255a wd4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs41\"> </span>(3<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b wac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance/Reinsur<span class=\"_ _0\"></span>ance finance r<span class=\"_ _0\"></span>eserve</div></td><td></td><td class=\"c n x32f y255b w14b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x330 y255b w14c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls9b ws9f\"><span class=\"_ gs41\"> </span>3<span class=\"_ _0\"></span>,606<span class=\"_ _c\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w14d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>e-based payments r<span class=\"_ _0\"></span>eserve</div></td><td></td><td class=\"c n x331 y255d w14e h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3,495<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></span><span class=\"lsc5 wsce\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x332 y255c w14f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">2,62<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w150 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Retained earnings</div></td><td class=\"c n x333 y24bb w151 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2</div></td><td class=\"c n x334 y24bb w152 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>206,484\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x335 y24bb w153 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">09<span class=\"_ _c\"></span>,521\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w154 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _1a5\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x336 y24bc w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>258,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x337 y24bc w156 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">2<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span></div></td><td class=\"c n x338 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls25 ws27\"><span class=\"ff4 ls0 ws0\">6</span></span><span class=\"ls25 ws27\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs104\">The Solv<span class=\"_ _0\"></span>ency II position of the Gr<span class=\"_ _0\"></span>oup both befor<span class=\"_ _c\"></span>e and after pr<span class=\"_ _c\"></span>oposed final dividend is given below:<span class=\"_ _2d8\"> </span></div><div class=\"gs105\"><table class=\"s w158 h6e\" id=\"_78c374c8-3787-40c9-bc5a-18c80359bb99\"><tr><td></td><td></td><td></td><td class=\"t m0 x323 h29 y255e ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"c n x1d6 y255f w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y255f w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x324 y2560 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2560 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2561 w159 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al tier 1 capital \u2013 pr<span class=\"_ _c\"></span>e-dividend</div></td><td class=\"c n x339 y2561 w15a h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>1<span class=\"_ _2\"></span>33,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33a y2561 w15b h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\">080\ue01d</div></td><td class=\"c n x33b y2561 w15c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33c y2561 w15d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">34,695\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w15e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">SCR</div></td><td class=\"c n x33d y2562 w15f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>66,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33e y2562 w160 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lscf wsda\">986\ue01d<span class=\"_ _124\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x33f y2562 w161 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">6<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,19<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w162 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">So<span class=\"_ _1\"></span>lven<span class=\"_ _1\"></span>cy covera<span class=\"_ _1\"></span>ge ra<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>o (%<span class=\"_ _c\"></span>) \u2013 p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>div<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nd<span class=\"_ _1a7\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x340 y24cd w163 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x341 y24bc w164 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">216<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"gs106\"><table class=\"s w165 h6f\" id=\"_bc9b4002-6fe1-4ea4-8fea-acac24250a4a\"><tr><td></td><td></td><td></td><td class=\"t m0 x323 h29 y2563 ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"c n x1d6 y2564 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2564 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x324 y2565 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2565 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2566 w159 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al tier 1 capital \u2013 pr<span class=\"_ _c\"></span>e-dividend</div></td><td class=\"c n x339 y2566 w15a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>1<span class=\"_ _2\"></span>33,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33a y2566 w15b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\">080\ue01d</div></td><td class=\"c n x33b y2566 w15c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33c y2566 w15d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">34,695\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2567 w166 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Less:<span class=\"_ _c\"></span> Final dividend declar<span class=\"_ _0\"></span>ed</div></td><td class=\"c n x342 y2567 w167 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>07)<span class=\"_ _a\"> </span><span class=\"ff4 lsc7 wsd0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x343 y2567 w168 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\">(28,2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w169 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al tier 1 capital \u2013 post-dividend</div></td><td class=\"c n x344 y2568 w16a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _f\"> </span><span class=\"ff2 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>8<span class=\"_ _8\"></span>,17<span class=\"_ _8\"></span>3</span></div></td><td></td><td class=\"c n x345 y2569 w16b h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _110\"> </span></span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"c n x1de y2562 w15e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">SCR</div></td><td class=\"c n x33d y2562 w15f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>66,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33e y2562 w160 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lscf wsda\">986\ue01d<span class=\"_ _124\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x33f y2562 w161 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">6<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,19<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w16c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">So<span class=\"_ _1\"></span>lven<span class=\"_ _1\"></span>cy covera<span class=\"_ _1\"></span>ge ra<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>o (%<span class=\"_ _c\"></span>)<span class=\"_ _1a8\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x346 y24cd w16d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls9a ws9e\">161.<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span><span class=\"ff4 ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x347 y24bc w16e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls49 ws49\">17<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>%<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs107\">The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able sets out a r<span class=\"_ _0\"></span>econciliation between IFRS net assets and Solv<span class=\"_ _0\"></span>ency II net assets befor<span class=\"_ _c\"></span>e proposed final dividend:<span class=\"_ _2d8\"> </span></div><div class=\"gs108\"><table class=\"s w16f h70\" id=\"_417bcdab-8290-4ca1-a01c-3ec2e6c1c861\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x323 h29 y256a ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"c n x1d6 y256b w14 h71\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x1d7 y256b w14 h71\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x324 y256c wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x325 y256c wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y256d w154 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">IFRS net assets<span class=\"_ _1a9\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x337 y256d w156 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">2<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span></div></td><td></td><td class=\"c n x336 y256d w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>258,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x338 y256d w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y256e w170 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff22 fs7 fc2 sc0 ls0 ws0\">Less:<span class=\"ff4\"> Goodwill</span></div></td><td class=\"c n x348 y256e w171 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws57\"><span class=\"_ gs102\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>5<span class=\"_ _1\"></span>6,27<span class=\"_ _0\"></span>9)</div></td><td></td><td class=\"c n x349 y256e w172 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>56,279)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y256f w173 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls89 ws33\">Ad<span class=\"_ _0\"></span>justed<span class=\"_ _c\"></span> IFRS net<span class=\"_ _0\"></span> assets</div></td><td></td><td class=\"c n x34a y256f w174 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x34b y2570 w175 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">01,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"ff4 ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x34c y256f w176 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>67<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2571 w177 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Remov<span class=\"_ _c\"></span>e IFRS liability:<span class=\"_ _c\"></span> Liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage (unearned pr<span class=\"_ _c\"></span>emium element)</div></td><td class=\"c n x34d y2571 w178 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1ab\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>6\ue01d</span></div></td><td></td><td class=\"c n x34e y2571 w179 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x34f y2571 w17a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">,245\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2572 w17b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Remov<span class=\"_ _c\"></span>e IFRS asset:<span class=\"_ _c\"></span> Insurance acquisition cash flo<span class=\"_ _0\"></span>w asset</div></td><td class=\"c n x350 y2572 w17c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws57\"><span class=\"_ gs102\"> </span>(7<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>789)<span class=\"_ _45\"> </span><span class=\"ff4 ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x351 y2572 w17d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls55 ws58\">(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>472<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2573 w17e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Remov<span class=\"_ _c\"></span>e IFRS liability:<span class=\"_ _c\"></span> Risk adjustment</div></td><td></td><td class=\"c n x352 y2574 w17f h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1ad\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span></span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x353 y2573 w180 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2566 w181 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Add Solvency II liability:<span class=\"_ _2\"></span> Risk margin<span class=\"_ _1ae\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x354 y2566 w182 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">(<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>4<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _7f\"> </span></span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x1fa y2566 w183 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">(6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2575 w184 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Add Solvency II liability:<span class=\"_ _2\"></span> Premium pr<span class=\"_ _c\"></span>ovision</div></td><td class=\"c n x355 y2575 w185 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1af\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>76)</span></div></td><td></td><td class=\"c n x356 y2575 w186 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _c\"></span>4<span class=\"_ _1\"></span>,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w187 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Changes in valuation dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ences of t<span class=\"_ _0\"></span>echnical r<span class=\"_ _0\"></span>eserves between IFRS and Solv<span class=\"_ _0\"></span>ency II</div></td><td class=\"c n x357 y2568 w188 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b0\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>)<span class=\"_ _8b\"> </span></span><span class=\"ls95 ws99\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x358 y2568 w189 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls95 ws99\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w18a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 ws0\">Ch<span class=\"_ _1\"></span>ang<span class=\"_ _1\"></span>e in d<span class=\"_ _1\"></span>efer<span class=\"_ _1\"></span>red t<span class=\"_ _1\"></span>ax li<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>y du<span class=\"_ _1\"></span>e to di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nce i<span class=\"_ _1\"></span>n net a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et po<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n<span class=\"_ _1b1\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x359 y2562 w18b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">(10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _e4\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x35a y2562 w18c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>10<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>76)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w18d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls89 ws33\">Solv<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y II<span class=\"_ _0\"></span> net<span class=\"_ _0\"></span> assets<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x35b y24bc w18e h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb1 wsb9\">,080<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span></div></td><td class=\"c n x35c y24bc w18f h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>1<span class=\"_ _2\"></span>33</div></td><td></td><td class=\"c n x35d y24bc w190 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3</div></td><td class=\"c n x35e y24bc w191 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls89 ws33\"><span class=\"lsb1 wsb9\"><span class=\"ff4 ls93 ws97\">4,695</span></span><span class=\"lsb1 wsb9\"><span class=\"ff4 ls93 ws97\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs10a\">The adjustments set out in the abo<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>able hav<span class=\"_ _0\"></span>e been made for the f<span class=\"_ _c\"></span>ollowing reasons:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs10b\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Adjust<span class=\"_ _0\"></span>ed IFRS net assets:<span class=\"ff4\"> Equals Gr<span class=\"_ _0\"></span>oup net assets on an IFRS basis,<span class=\"_ _2\"></span> less Goodwill.</span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs10c\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Remo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al of liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage and insurance acquisition cash flo<span class=\"_ _c\"></span>w asset:<span class=\"ff4\"> Liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage is not tr<span class=\"_ _c\"></span>eated as </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs10d\">a liability under Solvency II.</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs10e\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Remo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al of insurance acquisition cash flo<span class=\"_ _0\"></span>w asset:<span class=\"ff4\"> Insur<span class=\"_ _0\"></span>ance acquisition cash flow asset is not def<span class=\"_ _c\"></span>erred under Solv<span class=\"_ _0\"></span>ency II.</span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs10f\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Remo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al of IFRS risk adjustment:<span class=\"ff4\"> Solvency II risk mar<span class=\"_ _0\"></span>gin r<span class=\"_ _0\"></span>eplaces IFRS risk adjustment.</span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs110\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Addition of Solv<span class=\"_ _0\"></span>ency II risk margin:<span class=\"ff4\"> <span class=\"_ _2\"></span>The Solv<span class=\"_ _0\"></span>ency II risk margin r<span class=\"_ _c\"></span>epresents the pr<span class=\"_ _c\"></span>emium that would be r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed wer<span class=\"_ _c\"></span>e the Group t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ansfer </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs111\">its tec<span class=\"_ _0\"></span>hnical pr<span class=\"_ _0\"></span>ovisions t<span class=\"_ _c\"></span>o a third party<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and essentially reflects the SCR r<span class=\"_ _c\"></span>equired t<span class=\"_ _c\"></span>o cover run-of<span class=\"_ _c\"></span>f of claims on existing business.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This amount </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs112\">is calculated b<span class=\"_ _c\"></span>y the Group thr<span class=\"_ _c\"></span>ough modelling the discounted SCR on a pr<span class=\"_ _c\"></span>ojected futur<span class=\"_ _0\"></span>e balance sheet for each y<span class=\"_ _c\"></span>ear of claims run-off<span class=\"_ _c\"></span>.</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs113\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Addition of Solv<span class=\"_ _0\"></span>ency II pr<span class=\"_ _0\"></span>emium pro<span class=\"_ _c\"></span>vision:<span class=\"ff4\"> A pr<span class=\"_ _c\"></span>emium reserve r<span class=\"_ _c\"></span>eflecting the future cash flo<span class=\"_ _c\"></span>ws in respect of insur<span class=\"_ _c\"></span>ance contracts is </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs114\">calculated and this m<span class=\"_ _c\"></span>ust be discounted under Solvency II.</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs115\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Changes in v<span class=\"_ _0\"></span>aluation diff<span class=\"_ _0\"></span>erences:<span class=\"ff4\"> <span class=\"_ _2\"></span>V<span class=\"_ _c\"></span>aluation dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ences of technical dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ences between IFRS 17 and Solv<span class=\"_ _0\"></span>ency II,<span class=\"_ _2\"></span> including discounting.</span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs116\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Change in def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax:<span class=\"_ _c\"></span> <span class=\"ff4\">As the move t<span class=\"_ _c\"></span>o a Solvency II basis balance sheet incr<span class=\"_ _0\"></span>eases the net asset position of the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _2\"></span> a def<span class=\"_ _c\"></span>erred t<span class=\"_ _0\"></span>ax </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs117\">liability is gener<span class=\"_ _0\"></span>ated t<span class=\"_ _c\"></span>o offset the incr<span class=\"_ _c\"></span>ease.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs118\">Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc\u2019<span class=\"_ _2\"></span>s SCR,<span class=\"_ _2\"></span> expressed on a risk module basis<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> is set out in the follo<span class=\"_ _c\"></span>wing table:<span class=\"_ _2d8\"> </span></div><div class=\"gs119\"><table class=\"s w192 h72\" id=\"_920e12a9-e7e0-47e1-98e9-4f0a32bada33\"><tr><td></td><td></td><td class=\"t m0 x323 h29 y2576 ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x1d6 y2577 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2577 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x324 y2578 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2578 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2579 w193 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk</div></td><td class=\"c n x35f y2579 w194 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b3\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,14<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span></div></td><td class=\"c n x360 y2579 w1d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,289\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y257a w195 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Equity risk</div></td><td class=\"c n x361 y257a we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x362 y257a wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y257b w196 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>operty risk</div></td><td class=\"c n x363 y257b w197 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>90<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td></td><td class=\"c n x364 y257b w198 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>90<span class=\"_ _8\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y257c w199 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Spr<span class=\"_ _0\"></span>ead risk</div></td><td class=\"c n x365 y257d w19a h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls14 ws18\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>691<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x366 y257c w19b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y256d w19c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ency risk</div></td><td class=\"c n x367 y256d w19d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7d ws7c\"><span class=\"_ gs102\"> </span>888<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td></td><td class=\"c n x368 y256d w144 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>84\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y257e w19e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Concentr<span class=\"_ _0\"></span>ation risk</div></td><td class=\"c n x369 y257e we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x36a y257e wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y256f w19f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corr<span class=\"_ _0\"></span>elation impact</div></td><td class=\"c n x36b y256f w1a0 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsc8 wsd1\"><span class=\"_ gs102\"> </span>(3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>2)<span class=\"_ _70\"> </span></span><span class=\"ls50 ws52\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x36c y256f w1a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2571 w1a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mark<span class=\"_ _0\"></span>et risk<span class=\"_ _1ba\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x36d y2571 w1a3 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></div></td><td class=\"c n x36e y2571 w1a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>6,65<span class=\"_ _1\"></span>6\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2572 w1a5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Counterparty risk</div></td><td class=\"c n x36f y2572 w1a6 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 wsde\"><span class=\"_ gs102\"> </span>4,333\ue01d</div></td><td class=\"c n x370 y2572 w1a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>3,325\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2573 w1a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Underwriting risk</div></td><td class=\"c n x371 y2573 w1a9 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7e ws56\"><span class=\"_ gs102\"> </span>7<span class=\"_ _c\"></span>0,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x372 y2573 w1aa h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7e ws56\">928\ue01d</div></td><td class=\"c n x373 y2573 w1ab h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>68,0<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x374 y2573 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2566 w1ac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corr<span class=\"_ _0\"></span>elation impact<span class=\"_ _1bc\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x375 y2566 w1ad h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsed wsff\">(<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>)<span class=\"_ _43\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x370 y2566 w1ae h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>78<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2575 w1af h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls1d ws31\">Basic SCR<span class=\"_ _1bd\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x376 y257f w1b0 h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa7 wsab\">74<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7f\"> </span><span class=\"ff4 ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x377 y2575 w1b1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">7<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>314<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w1b2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Oper<span class=\"_ _0\"></span>ating risk</div></td><td class=\"c n x378 y2568 w1b3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b3\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,75<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span></div></td><td class=\"c n x379 y2568 w1b4 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w1b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Loss-absorbing ef<span class=\"_ _c\"></span>fect of def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax<span class=\"_ _c\"></span>es</div></td><td class=\"c n x37a y2562 w1b6 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1be\"> </span><span class=\"ff2 lsa7 wsab\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x37b y2562 w1b7 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _2\"></span>7<span class=\"_ _c\"></span>,829)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w1b8 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls1d ws31\">T<span class=\"_ _c\"></span>otal SCR</div></td><td class=\"c n x37c y24bc w1b9 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>66,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x37d y24bc w1ba h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lscf wsda\">986\ue01d<span class=\"_ _124\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x37e y24bc w1bb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">6<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div>The t<span class=\"_ _0\"></span>otal SCR is primarily driv<span class=\"_ _c\"></span>en by the underwriting risk element,<span class=\"_ _2\"></span> which is a function of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s net earned premium (or pr<span class=\"_ _c\"></span>ojected net<span class=\"_ _2d8\"> </span>earned pr<span class=\"_ _0\"></span>emium) and the lev<span class=\"_ _0\"></span>el of r<span class=\"_ _0\"></span>eserves held.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Theref<span class=\"_ _c\"></span>ore,<span class=\"_ _2\"></span> the SCR is br<span class=\"_ _c\"></span>oadly driven by the size of the business<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s capital management objectiv<span class=\"_ _c\"></span>es are:<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>T<span class=\"_ _2\"></span>o ensure that the Gr<span class=\"_ _c\"></span>oup will be able to continue as a going concern<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>T<span class=\"_ _2\"></span>o maximise the income and capital r<span class=\"_ _0\"></span>eturn t<span class=\"_ _0\"></span>o its equity<span class=\"_ _2d8\"> </span>The Boar<span class=\"_ _0\"></span>d monitors and r<span class=\"_ _c\"></span>eviews the br<span class=\"_ _c\"></span>oad structure of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s capit<span class=\"_ _0\"></span>al on an ongoing basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This re<span class=\"_ _0\"></span>view includes consider<span class=\"_ _c\"></span>ation of the<span class=\"_ _2d8\"> </span>ext<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>o which r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue in excess of that which is r<span class=\"_ _c\"></span>equired t<span class=\"_ _c\"></span>o be distributed should be r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ained.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s objectives,<span class=\"_ _b\"></span> policies and processes f<span class=\"_ _0\"></span>or managing capital ha<span class=\"_ _0\"></span>ve not changed during the y<span class=\"_ _c\"></span>ear<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>4. FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SS<span class=\"_ _1\"></span>ETS<span class=\"_ _2d8\"> </span>RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o the following not<span class=\"_ _c\"></span>es for det<span class=\"_ _0\"></span>ail on risks r<span class=\"_ _0\"></span>elating to financial assets:<span class=\"_ _2d8\"> </span>Inv<span class=\"_ _c\"></span>estment concentration risk \u2013 Not<span class=\"_ _c\"></span>e 4.2.1<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk \u2013 Not<span class=\"_ _c\"></span>e 4.2.2<span class=\"_ _2d8\"> </span>Cr<span class=\"_ _0\"></span>edit risk \u2013 Note 4.4<span class=\"_ _2d8\"> </span>Liquidity risk \u2013 Note 6<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets are summarised belo<span class=\"_ _c\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w457 h85\" id=\"_c02cf510-f44e-402d-b67c-6b11b9191408\"><tr><td></td><td></td><td class=\"c n x1d6 y2685 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y2685 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x1d8 y2686 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ac y2686 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ad y2686 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2687 w75 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x227 y2687 w76 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\">4<span class=\"_ _8\"></span>.1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ae y2687 w458 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>475<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1fc y2687 w374 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w459 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at fair v<span class=\"_ _c\"></span>alue through Other Compr<span class=\"_ _c\"></span>ehensive Income<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x22a y255c w78 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6af y255c w45a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b0 y255c w45b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span>4<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x22d y24bb w7c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b1 y24bb w45c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b2 y24bb w45d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6b3 y24bc w45e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b4 y24bc w45f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">342<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>30<span class=\"_ _2d8\"> </span></div></td></tr></table>4<span class=\"_ _1\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>. CASH AN<span class=\"_ _1\"></span>D CASH EQ<span class=\"_ _1\"></span>UI<span class=\"_ _1\"></span>V<span class=\"_ _c\"></span>ALE<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 C<span class=\"_ _0\"></span>AS<span class=\"_ _1\"></span>H AND CAS<span class=\"_ _1\"></span>H EQ<span class=\"_ _1\"></span>UIV<span class=\"_ _0\"></span>ALE<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>Cash and cash equivalents include cash on hand,<span class=\"_ _b\"></span> deposits held on call with banks and money market funds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Cash and cash equivalents ar<span class=\"_ _0\"></span>e carried at amortised cost.<span class=\"_ _2d8\"> </span><table class=\"s w460 h86\" id=\"_e2c3b325-0b58-4bd8-ac13-6e6e12dc64fb\"><tr><td></td><td class=\"c n x1d6 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x1d7 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x6b5 y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w461 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Cash at bank and on hand</div></td><td class=\"c n x6b6 y255c w462 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _224\"> </span><span class=\"ff2 lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11b\"> </span></span></div></td><td></td><td class=\"c n x6b7 y255c w463 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x374 y255c w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w464 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Money mark<span class=\"_ _c\"></span>et funds</div></td><td class=\"c n x6b8 y2599 w465 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _225\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,6<span class=\"_ _8\"></span>52<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x6b9 y24bb w466 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">13<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x6ba y24bc w467 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6bb y2522 w468 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span><span class=\"ff4 lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6bc y24bc w469 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs35b\">Cash held in money mark<span class=\"_ _c\"></span>et funds has no notice period for withdr<span class=\"_ _0\"></span>awal.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs35c\">The carrying value of cash and cash equiv<span class=\"_ _0\"></span>alents appr<span class=\"_ _0\"></span>oximat<span class=\"_ _c\"></span>es fair value<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The full v<span class=\"_ _0\"></span>alue is expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _c\"></span>ealised within 12 months.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs35d\">4<span class=\"_ _1\"></span>.2<span class=\"_ _1\"></span>. DE<span class=\"_ _1\"></span>BT S<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>CUR<span class=\"_ _1\"></span>ITI<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S HE<span class=\"_ _1\"></span>LD AT F<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>IR V<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>LUE TH<span class=\"_ _1\"></span>RO<span class=\"_ _1\"></span>UG<span class=\"_ _1\"></span>H OTHE<span class=\"_ _1\"></span>R CO<span class=\"_ _1\"></span>MP<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>H<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>IVE IN<span class=\"_ _1\"></span>COM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls0 ws0 gs35e\">ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL AS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ET<span class=\"_ _1\"></span>S A<span class=\"_ _0\"></span>T F<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>R V<span class=\"_ _c\"></span>ALU<span class=\"_ _1\"></span>E TH<span class=\"_ _1\"></span>ROU<span class=\"_ _1\"></span>GH OTH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>R COM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>SIV<span class=\"_ _1\"></span>E INC<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs35f\">CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs360\">The Gr<span class=\"_ _c\"></span>oup classifies the following financial assets at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d):</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs361\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Debt securities<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs362\">A debt instrument is measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI only if it meets both of the follo<span class=\"_ _c\"></span>wing conditions and is not designated at fair v<span class=\"_ _c\"></span>alue through the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs363\">Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account (\u201cFVTPL<span class=\"_ _c\"></span>\u201d):</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs364\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _c\"></span>ed by both collecting contr<span class=\"_ _0\"></span>actual cash flows and selling </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs365\">financial<span class=\"_ gs41\"> </span>assets</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs366\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms of the financial asset giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) on the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs367\">principal amount outstanding on specified dat<span class=\"_ _c\"></span>es<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs368\">RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs369\">At initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es debt securities thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income at f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> plus the tr<span class=\"_ _0\"></span>ansaction costs that </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs36a\">ar<span class=\"_ _0\"></span>e dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o the acquisition of the financial asset.<span class=\"_ _2\"></span> Debt securities at FVOCI ar<span class=\"_ _c\"></span>e subsequently measured at f<span class=\"_ _c\"></span>air value.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs36b\">IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs36c\">At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses debt securities at FVOCI f<span class=\"_ _c\"></span>or impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _c\"></span>\u2018thr<span class=\"_ _0\"></span>ee-st<span class=\"_ _0\"></span>age\u2019<span class=\"_ _2\"></span> model for calculating the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs36d\">expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in cr<span class=\"_ _0\"></span>edit quality since initial r<span class=\"_ _0\"></span>ecognition.<span class=\"_ _2\"></span> Refer t<span class=\"_ _c\"></span>o Note 4.4.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs36e\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s debt securities held at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income ar<span class=\"_ _c\"></span>e summarised below:<span class=\"_ _2d8\"> </span></div><div class=\"gs36f\"><table class=\"s w46a h87\" id=\"_34cd15e5-8083-4c09-9997-de65342f582a\"><tr><td></td><td class=\"c n x6bd y2688 w27f h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x6be y2688 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y2686 w280 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c0 y2686 w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c1 y2686 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c2 y2686 w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w46c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c3 y255b w252 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c4 y255b w46d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\">38<span class=\"_ _1\"></span>.3%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c5 y255b w46e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c6 y255b w46f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">36.2%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w470 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c7 y255c w471 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c8 y255c w472 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c9 y255c w325 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ca y255c w473 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\">3<span class=\"_ _1\"></span>3.2%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w474 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cb y24bb w85 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cc y24bb w475 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd4 wsdc\">30.8%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cd y24bb w476 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">95,<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>24<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ce y24bb w453 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsaa wsb1\">3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cf y24bc w477 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d0 y24bc w478 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d1 y24bc w45b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d2 y24bc w479 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">100.0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls3c ws3d gs371\">4.2.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. Inv<span class=\"_ _c\"></span>es<span class=\"_ _1\"></span>tment<span class=\"_ _0\"></span> concentration<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs372\">Excessive e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to particular industry sectors or gr<span class=\"_ _c\"></span>oups can give rise to concentr<span class=\"_ _c\"></span>ation risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup has no significant investment </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs373\">concentr<span class=\"_ _0\"></span>ation in an<span class=\"_ _0\"></span>y par<span class=\"_ _1\"></span>ticular industrial sect<span class=\"_ _0\"></span>or and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is unlikely t<span class=\"_ _c\"></span>o suff<span class=\"_ _0\"></span>er significant losses thr<span class=\"_ _0\"></span>ough its inv<span class=\"_ _0\"></span>estment portfolio as a r<span class=\"_ _0\"></span>esult </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs374\">of ov<span class=\"_ _c\"></span>er-e<span class=\"_ _0\"></span>xposure t<span class=\"_ _c\"></span>o sectors engaged in similar activities or which hav<span class=\"_ _c\"></span>e similar economic featur<span class=\"_ _0\"></span>es that would cause their ability t<span class=\"_ _0\"></span>o meet </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs375\">contr<span class=\"_ _0\"></span>actual obligations to be similarly af<span class=\"_ _c\"></span>fect<span class=\"_ _0\"></span>ed by changes in economic<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> political or other conditions.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs376\">A significant part of the Group\u2019<span class=\"_ _2\"></span>s inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio consists primarily of UK go<span class=\"_ _0\"></span>vernment bonds and go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed bonds;<span class=\"_ _c\"></span> ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs377\">the risk of gov<span class=\"_ _c\"></span>ernment default does exist,<span class=\"_ _2\"></span> how<span class=\"_ _c\"></span>ever<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the likelihood is extr<span class=\"_ _c\"></span>emely remot<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The r<span class=\"_ _0\"></span>emainder of the portfolio consists of inv<span class=\"_ _c\"></span>estment </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs378\">gr<span class=\"_ _0\"></span>ade corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group contin<span class=\"_ _0\"></span>ues to monit<span class=\"_ _c\"></span>or the strength and security of all bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not have dir<span class=\"_ _0\"></span>ect exposur<span class=\"_ _c\"></span>e to </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs379\">Ukr<span class=\"_ _0\"></span>ainian and Russian assets.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs37a\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s exposur<span class=\"_ _0\"></span>e by geogr<span class=\"_ _c\"></span>aphical area is outlined belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span></div><div class=\"gs37b\"><table class=\"s w47a h88\" id=\"_db501ebe-45f0-4a4c-90fe-f37fefe0e388\"><tr><td></td><td></td><td></td><td class=\"t m0 x6d3 h29 y2689 ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment-<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x5ce h29 y268a ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment </td><td></td><td class=\"t m0 x6d4 h29 y268b ff2 fs22 fc2 sc0 ls0 ws0\">back<span class=\"_ _0\"></span>ed </td><td class=\"t m0 x642 h29 y268b ff2 fs22 fc2 sc0 ls0 ws0\">Corporat<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6d5 h29 y268c ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x6d6 h29 y268d ff2 fs22 fc2 sc0 ls0 ws0\">securities<span class=\"_ _2d8\"> </span></td><td class=\"c n x6d7 y268e w198 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d8 y268e w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y268f w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5d9 y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y268f w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d9 y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6da y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6db y268f w46b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2690 w47b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">United Kingdom</div></td><td class=\"c n x6dc y2691 w47c h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _ef\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x6dd y2691 w47d h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6de y2691 w47e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x6df y2690 w47f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">1<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span></div></td><td></td><td class=\"c n x6e0 y2690 w480 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf8 ws10e\">4<span class=\"_ _8\"></span>7.1<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2692 w164 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eur<span class=\"_ _0\"></span>ope</div></td><td class=\"c n x6e1 y2692 w481 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6e2 y2693 w482 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa7 wsab\">61,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e3 y2692 w483 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">4<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,3<span class=\"_ _1\"></span>71\ue01d<span class=\"_ _4c\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e4 y2692 w484 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"> </span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td class=\"c n x6e5 y2692 w485 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">32<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2694 w486 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Northern America</div></td><td class=\"c n x6e6 y2694 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6e7 y2694 w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>25<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6e8 y2694 w487 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">,26<span class=\"_ _1\"></span>5\ue01d<span class=\"_ _70\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e9 y2694 w488 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span></div></td><td class=\"c n x6ea y2694 w489 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6eb y2694 w48a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>377<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x6ec y2694 w48b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb6 wsbe\">14<span class=\"_ _8\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2695 w48c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oceania</div></td><td class=\"c n x6e6 y2695 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x6ed y2695 w48d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6ee y2696 w48e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>018<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x6ef y2695 w48f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>018<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _144\"> </span></div></td><td class=\"c n x6f0 y2695 w490 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls96 ws9a\">1.<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2697 w491 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Asia</div></td><td class=\"c n x6f1 y2697 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6f2 y2697 w492 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6f3 y2698 w493 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6f4 y2698 w494 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\">2<span class=\"_ _8\"></span>,12<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6f5 y2697 w2dd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _144\"> </span></div></td><td class=\"c n x6f6 y2697 w495 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w496 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _f2\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6f7 y2522 w497 h89\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6f8 y24bc w498 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _85\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x6f9 y24bc w499 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7\ue01d<span class=\"_ _69\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6fa y24bc w49a h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span></div></td><td class=\"c n x6fb y24bc w49b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"gs37c\"><table class=\"s w49c h8a\" id=\"_3426fefe-6da9-4720-93f1-e9409597b853\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x6d3 h29 y2699 ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment-<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5ce h29 y269a ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment </td><td></td><td class=\"t m0 x6d4 h29 y269b ff2 fs22 fc2 sc0 ls0 ws0\">back<span class=\"_ _0\"></span>ed </td><td></td><td class=\"t m0 x642 h29 y269b ff2 fs22 fc2 sc0 ls0 ws0\">Corporat<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x6d5 h29 y269c ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x6d6 h29 y269d ff2 fs22 fc2 sc0 ls0 ws0\">securities<span class=\"_ _2d8\"> </span></td><td></td><td class=\"c n x6d7 y269e w198 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6d8 y269e w37d h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y269f w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5d9 y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y269f w280 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6d9 y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6da y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6db y269f w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2559 w47b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">United Kingdom</div></td><td class=\"c n x6fc y2559 w49d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6fd y2559 w49e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e<span class=\"_ _8b\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6fe y2559 w49f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\">3,03<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _7f\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x69d y26a0 w4a0 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,18<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6ff y2559 w4a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _8a\"> </span></div></td><td></td><td class=\"c n x700 y2559 we2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf9 ws10f\">4<span class=\"_ _8\"></span>7.<span class=\"_ _1a\"> </span>2<span class=\"_ _1a\"> </span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255a w164 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Eur<span class=\"_ _0\"></span>ope</div></td><td></td><td class=\"c n x6e1 y255a w4a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x701 y255a w4a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">59,277\ue01e</div></td><td></td><td class=\"c n x702 y255a w4a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ _124\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></span></div></td><td></td><td class=\"c n x703 y255a w4a5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x704 y255a w4a6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">6,<span class=\"_ _1\"></span>279\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x441 y255a w4a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd2 wsdf\">3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w486 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 wsb0\">Northern America</div></td><td></td><td class=\"c n x6e6 y255b wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x705 y255b w4a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,<span class=\"_ _0\"></span>7<span class=\"_ _c\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3fa y255b w4a9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _124\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x706 y255b w4aa h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></div></td><td></td><td></td><td class=\"c n x707 y255b w18 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>45,624\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x708 y255b w4ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w48c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Oceania</div></td><td></td><td class=\"c n x6e6 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x709 y255c w4ac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x70a y26a1 w4ad h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a8\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x70b y255c w451 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _62\"> </span></div></td><td class=\"c n x70c y255c w4ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsfa ws110\">1.<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w491 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Asia</div></td><td></td><td class=\"c n x6f1 y24bb w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x70d y24bb w4af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x70e y24bb w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e</div></td><td class=\"c n x70f y24bb w4b0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>2,0<span class=\"_ _1\"></span>99</div></td><td></td><td></td><td class=\"c n x710 y26a2 w4b1 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>17,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _62\"> </span></span></div></td><td class=\"c n x711 y24bb w4b2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsaa wsb1\">5<span class=\"_ _1\"></span>.6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x712 y24bc w4b3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x713 y24bc w2a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e</div></td><td class=\"c n x714 y24bc w4b4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\"><span class=\"_ gs41\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x715 y24bc w4b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span></div></td><td></td><td class=\"c n x716 y24bc w2ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x717 y24bc w2af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td></td><td class=\"c n x718 y24bc w4b6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _4e\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span></span></div></td><td class=\"c n x719 y24bc w479 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">100.0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs37e\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s exposur<span class=\"_ _0\"></span>e by in<span class=\"_ _c\"></span>vestment type for go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed securities and corpor<span class=\"_ _0\"></span>ate bonds is outlined belo<span class=\"_ _c\"></span>w:<span class=\"_ _2d8\"> </span></div><div class=\"gs37f\"><table class=\"s w4b7 h8b\" id=\"_c563fb14-7eba-498b-a97f-d73f9d97ed3d\"><tr><td></td><td></td><td class=\"c n x71a y26a3 w4b8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Agency<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71b y26a3 w4b9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Supranational<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71c y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71f y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td class=\"c n x720 y24bb w4ba h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>38<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x721 y24bb w4bb h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\">,0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _73\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x722 y24bb w4bc h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls62 ws64\">62<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x723 y24bb w4bd h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x724 y24bb w4be h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _230\"> </span><span class=\"ff2 lsf8 ws10e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x725 y24bc w4c0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf8 ws10e\">3<span class=\"_ _1\"></span>7.<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span>%<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></div></td><td class=\"c n x726 y24bc w4c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2%\ue01d</div></td><td></td><td class=\"c n x727 y24bc w4c2 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"gs380\"><table class=\"s w4c3 h8b\" id=\"_991781a4-ee5a-4b98-b4d2-eab8a731b796\"><tr><td></td><td></td><td class=\"c n x3ba y26a3 w4c4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Financial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x728 y26a3 w4c5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Industrial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x729 y26a3 w4c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Utilities<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72a y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72c y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td class=\"c n x72f y24bb w4c7 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x730 y24bb w4c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></div></td><td class=\"c n x731 y24bb w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x732 y24bb w4c9 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">,23<span class=\"_ _1\"></span>5\ue01d</div></td><td class=\"c n x733 y24bb w4ca h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x734 y26a5 w4cb h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x735 y24bb w4cc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x736 y24bc w4ce h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x737 y24bc w4cf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsad ws57\">34<span class=\"_ _1\"></span>.2%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x738 y24bc w387 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x739 y24bc w4d0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"gs381\"><table class=\"s w4d1 h8b\" id=\"_db5c2672-4277-4f2f-944a-28c667c4b120\"><tr><td></td><td class=\"c n x71a y26a3 w4b8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Agency<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71b y26a3 w4b9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Supranational<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71c y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71f y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w4d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _233\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x73a y24bb w4d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x73b y24bb w4d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>59<span class=\"_ _c\"></span>,3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x73c y24bb w4d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">46\ue01e<span class=\"_ _4c\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x73d y24bb w4d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x73e y24bc w4d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">42<span class=\"_ _1\"></span>.5%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x73f y24bc we2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf9 ws10f\">5<span class=\"_ _1a\"></span>7.<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x740 y24bc w4d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls18 ws1b\">1<span class=\"_ _c\"></span>0<span class=\"_ _8\"></span>0.0%<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"gs382\"><table class=\"s w4d9 h8c\" id=\"_526b2e5c-634c-4249-af68-dc702772d3ac\"><tr><td></td><td class=\"c n x3ba y26a6 w4c4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Financial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x728 y26a6 w4c5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Industrial<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x729 y26a6 w4c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Utilities<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72a y26a6 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a7 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y26a7 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72c y26a7 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26a7 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72e y26a7 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a8 w4da h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _234\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x741 y26a8 w4db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">5<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x742 y26a8 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>38,87<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x743 y26a8 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">3\ue01e</div></td><td class=\"c n x744 y26a8 w9b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4,5<span class=\"_ _1\"></span>53\ue01e</div></td><td class=\"c n x745 y26a8 w2ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x746 y26a8 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x747 y24bc w4dc h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">5<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>3%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x748 y24bc w4dd h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd2 wsdf\">4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x749 y24bc w4de h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\">4.8%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x74a y24bc w4df h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0.0%<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls0 ws0 gs383\">4.<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2. I<span class=\"_ _1\"></span>ntere<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs384\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk is the risk that the v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash flows of a financial instrument will fluctuat<span class=\"_ _c\"></span>e because of changes in market int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs385\">Floating r<span class=\"_ _0\"></span>ate instruments e<span class=\"_ _0\"></span>xpose the Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>o cash flow int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est risk,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eas fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments expose the Gr<span class=\"_ _c\"></span>oup to f<span class=\"_ _0\"></span>air value </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs386\">inter<span class=\"_ _c\"></span>est risk.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs387\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s inter<span class=\"_ _c\"></span>est risk policy requir<span class=\"_ _c\"></span>es it to manage the maturities of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est-bearing financial assets and inter<span class=\"_ _c\"></span>est-bearing financial liabilities.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs388\">Inter<span class=\"_ _c\"></span>est on fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments is priced at inception of the financial instrument and is fixed until maturity<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs389\">The Gr<span class=\"_ _c\"></span>oup has a concentration of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate risk in UK go<span class=\"_ _c\"></span>vernment bonds and other fixed-income securities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs38a\">The analysis that f<span class=\"_ _0\"></span>ollows is perf<span class=\"_ _0\"></span>ormed for r<span class=\"_ _c\"></span>easonably possible mov<span class=\"_ _0\"></span>ements in ke<span class=\"_ _c\"></span>y variables with all other variables held const<span class=\"_ _c\"></span>ant,<span class=\"_ _2\"></span> showing the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs38b\">impact on pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _c\"></span>e tax and equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The corr<span class=\"_ _0\"></span>elation of variables will ha<span class=\"_ _0\"></span>ve a significant ef<span class=\"_ _c\"></span>fect in det<span class=\"_ _0\"></span>ermining the ultimate impact on int<span class=\"_ _c\"></span>erest </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs38c\">r<span class=\"_ _0\"></span>ate risk,<span class=\"_ _b\"></span> but to demonstr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the impact due to changes in v<span class=\"_ _c\"></span>ariables,<span class=\"_ _2\"></span> variables had t<span class=\"_ _0\"></span>o be changed on an individual basis.<span class=\"_ _2\"></span> It should be not<span class=\"_ _c\"></span>ed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs38d\">that mov<span class=\"_ _c\"></span>ements in these variables ar<span class=\"_ _0\"></span>e non-linear<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs38f\">The impact of an<span class=\"_ _0\"></span>y mov<span class=\"_ _c\"></span>ement in market v<span class=\"_ _0\"></span>alues,<span class=\"_ _2\"></span> such as those caused by c<span class=\"_ _0\"></span>hanges in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> is tak<span class=\"_ _c\"></span>en through Other Compr<span class=\"_ _c\"></span>ehensive </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs390\">Income and has no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _c\"></span>ax.<span class=\"_ _2d8\"> </span></div><div class=\"gs391\"><table class=\"s w4e0 h8d\" id=\"_2882775b-4569-401f-b9d9-130f218fdade\"><tr><td></td><td></td><td class=\"c n x74b y26a9 w4e1 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74c y26a9 w4e2 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in t<span class=\"_ _0\"></span>otal equity<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x74d y26aa w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74e y26aa w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74f y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x750 y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ab w4e3 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x751 y26ab w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x752 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x753 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x754 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26ac ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 100-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bb w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bb w4e5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>378)</span></div></td><td class=\"c n x758 y24bb w4e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(3,250)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 200-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bc w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bc w4e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x759 y24bc w4e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>6,<span class=\"_ _1\"></span>499)<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls36 ws11 gs392\">4.2.3. Fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs393\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs394\">Fair v<span class=\"_ _0\"></span>alue is the price that would be r<span class=\"_ _c\"></span>eceived t<span class=\"_ _0\"></span>o sell an asset or paid to tr<span class=\"_ _c\"></span>ansfer a liability in an or<span class=\"_ _c\"></span>derly transaction betw<span class=\"_ _0\"></span>een market </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs395\">participants at the measurement dat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or in its absence,<span class=\"_ _2\"></span> the most adv<span class=\"_ _0\"></span>antageous mark<span class=\"_ _c\"></span>et to which the Gr<span class=\"_ _c\"></span>oup has access at that date.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs396\">The Gr<span class=\"_ _c\"></span>oup measures the f<span class=\"_ _0\"></span>air value of an instrument using the quot<span class=\"_ _c\"></span>ed bid price in an active mark<span class=\"_ _0\"></span>et for that instrument.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A market is r<span class=\"_ _c\"></span>egarded </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs397\">as active if tr<span class=\"_ _c\"></span>ansactions for the asset t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e place with suf<span class=\"_ _0\"></span>ficient frequency and v<span class=\"_ _c\"></span>olume to pr<span class=\"_ _c\"></span>ovide pricing information on an ongoing basis<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs398\">The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs399\">A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs39a\">prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs39b\">assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs39c\">Fair v<span class=\"_ _0\"></span>alue measur<span class=\"_ _0\"></span>ements ar<span class=\"_ _0\"></span>e based on observable and unobservable inputs.<span class=\"_ _2\"></span> Observ<span class=\"_ _0\"></span>able inputs reflect mark<span class=\"_ _c\"></span>et data obt<span class=\"_ _c\"></span>ained from independent </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs39d\">sour<span class=\"_ _0\"></span>ces,<span class=\"_ _2\"></span> while unobservable inputs r<span class=\"_ _c\"></span>eflect the Group\u2019<span class=\"_ _2\"></span>s view of mark<span class=\"_ _c\"></span>et assumptions in the absence of obser<span class=\"_ _1\"></span>vable mark<span class=\"_ _c\"></span>et<span class=\"_ gs41\"> </span>information.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs39e\">IFRS 13 r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es cer<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ain disclosur<span class=\"_ _0\"></span>es which r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e the classification of financial assets and financial liabilities measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _c\"></span>alue using a fair </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs39f\">value hier<span class=\"_ _c\"></span>arc<span class=\"_ _0\"></span>hy that r<span class=\"_ _c\"></span>eflects the significance of the inputs used in making the fair value measur<span class=\"_ _c\"></span>ement.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3a0\">Disclosur<span class=\"_ _0\"></span>e of fair v<span class=\"_ _c\"></span>alue measurements b<span class=\"_ _0\"></span>y lev<span class=\"_ _0\"></span>el is according t<span class=\"_ _c\"></span>o the following f<span class=\"_ _c\"></span>air value measur<span class=\"_ _0\"></span>ement hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3a1\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2 ls63\">Le<span class=\"_ _0\"></span>vel 1:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is based on quoted mark<span class=\"_ _c\"></span>et prices (unadjusted) in activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>ets for identical instruments as measur<span class=\"_ _c\"></span>ed on reporting date</span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3a2\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Le<span class=\"_ _0\"></span>vel 2:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough inputs,<span class=\"_ _2\"></span> other than quot<span class=\"_ _0\"></span>ed prices included in Lev<span class=\"_ _0\"></span>el 1 that ar<span class=\"_ _0\"></span>e observable f<span class=\"_ _0\"></span>or the assets and </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3a3\">liabilities,<span class=\"_ _2\"></span> either dir<span class=\"_ _c\"></span>ectly (prices) or indirectly (deriv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om prices)</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3a4\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Le<span class=\"_ _0\"></span>vel 3:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough valuation t<span class=\"_ _c\"></span>echniques which use significant unobser<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>able inputs<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 lsfb ws111 gs3a6\">Leve<span class=\"_ _1\"></span>l 1<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3a7\">The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3a8\">A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3a9\">prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3aa\">assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These instruments are included in Le<span class=\"_ _0\"></span>vel 1 and comprise only debt securities classified as f<span class=\"_ _c\"></span>air </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3ab\">value thr<span class=\"_ _c\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> </div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 lsfb ws111 gs3ac\">Leve<span class=\"_ _1\"></span>l 2<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3ad\">The f<span class=\"_ _0\"></span>air value of financial instruments that ar<span class=\"_ _c\"></span>e not traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et is determined b<span class=\"_ _c\"></span>y using valuation tec<span class=\"_ _0\"></span>hniques.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These valuation </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3ae\">tec<span class=\"_ _0\"></span>hniques maximise the use of observable mark<span class=\"_ _0\"></span>et data wher<span class=\"_ _c\"></span>e it is available and r<span class=\"_ _c\"></span>ely as little as possible on entity-specific estimates.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3af\">If all significant input r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed to f<span class=\"_ _c\"></span>air value an instrument is observable,<span class=\"_ _2\"></span> the instrument is included in Le<span class=\"_ _0\"></span>vel 2.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 2 </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3b0\">financial<span class=\"_ gs41\"> </span>instruments.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 lsfb ws111 gs3b1\">Leve<span class=\"_ _1\"></span>l 3<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3b2\">If one or mor<span class=\"_ _0\"></span>e of the significant inputs ar<span class=\"_ _0\"></span>e not based on observable mark<span class=\"_ _0\"></span>et data,<span class=\"_ _b\"></span> the instrument is included in Level 3.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3b3\">3 financial instruments.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3b4\">The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able summarises the classification of financial instruments:<span class=\"_ _2d8\"> </span></div><div class=\"gs3b5\"><table class=\"s w4e9 h80\" id=\"_fa142d91-8050-42be-baa9-01d6c142666e\"><tr><td></td><td></td><td class=\"c n x75a y26ad w4ea h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y26ad w4eb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y26ad w4ec h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y26ad w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ae w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26af ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y251f w4ed h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x75e y251f w467 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y251f w4ee h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y251f we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y251f w4ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y251f w4f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x75e y24bc w467 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y24bc w4ee h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y24bc we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y24bc w4ef h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y24bc w4f0 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"gs3b6\"><table class=\"s w4f1 h86\" id=\"_0fc3c834-aad8-4be2-9fe3-aa030fc443d8\"><tr><td></td><td class=\"c n x75a y2663 w4ea h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y2663 w4eb h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y2663 w4ec h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y2663 w1f7 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y264e w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26b0 ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4ed h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x762 y24bb w4f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _b3\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></span></div></td><td class=\"c n x763 y24bb wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x764 y26a2 w4f3 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x765 y24bb w4f4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4f5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _237\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x766 y24bc w4f6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x767 y24bc w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x768 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x769 y24bc w4f7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls0 ws0 gs3b7\">T<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>nsfe<span class=\"_ _1\"></span>rs b<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ween l<span class=\"_ _1\"></span>evels<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3b8\">Ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no tr<span class=\"_ _0\"></span>ansfers betw<span class=\"_ _0\"></span>een lev<span class=\"_ _0\"></span>els during the year (2024:<span class=\"_ _2\"></span> no transf<span class=\"_ _c\"></span>ers).<span class=\"_ _2d8\"> </span></div>4.<span class=\"_ _1\"></span>3. RECE<span class=\"_ _1\"></span>IV<span class=\"_ _c\"></span>ABLE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies its receiv<span class=\"_ _0\"></span>ables as at amortised cost only if both of the following crit<span class=\"_ _c\"></span>eria are met: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is t<span class=\"_ _0\"></span>o collect the contr<span class=\"_ _0\"></span>actual cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>Receivables ar<span class=\"_ _c\"></span>e initially recognised at f<span class=\"_ _c\"></span>air value and subsequently measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost using the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est method,<span class=\"_ _2\"></span> less pr<span class=\"_ _0\"></span>ovision f<span class=\"_ _c\"></span>or expected cr<span class=\"_ _c\"></span>edit losses.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures loss allow<span class=\"_ _c\"></span>ances at an amount equal to lifetime ECL.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o measure the e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eceivables hav<span class=\"_ _c\"></span>e been gr<span class=\"_ _0\"></span>ouped based on shar<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit risk char<span class=\"_ _0\"></span>acteristics and the da<span class=\"_ _0\"></span>ys past due to cr<span class=\"_ _c\"></span>eate the cat<span class=\"_ _0\"></span>egories,<span class=\"_ _2\"></span> namely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> performing,<span class=\"_ _2\"></span> underperf<span class=\"_ _0\"></span>orming and not performing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The expect<span class=\"_ _c\"></span>ed loss rat<span class=\"_ _c\"></span>es are based on the payment pr<span class=\"_ _c\"></span>ofiles of receiv<span class=\"_ _0\"></span>ables ov<span class=\"_ _c\"></span>er a period of 36 months befor<span class=\"_ _0\"></span>e year end.<span class=\"_ _2\"></span> The loss r<span class=\"_ _c\"></span>ates ar<span class=\"_ _0\"></span>e adjusted t<span class=\"_ _c\"></span>o reflect curr<span class=\"_ _c\"></span>ent and forwar<span class=\"_ _c\"></span>d-looking information on macr<span class=\"_ _c\"></span>o-economic factors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as the socio-economic envir<span class=\"_ _c\"></span>onment aff<span class=\"_ _c\"></span>ecting the ability of the debtors t<span class=\"_ _0\"></span>o settle the receiv<span class=\"_ _c\"></span>ables.<span class=\"_ _2\"></span> Receivables that ar<span class=\"_ _c\"></span>e 30 days or more past due ar<span class=\"_ _c\"></span>e considered t<span class=\"_ _c\"></span>o be <span class=\"_ _2\"></span>\u2018not performing\u2019<span class=\"_ _b\"></span> and the default r<span class=\"_ _0\"></span>ebuttable pr<span class=\"_ _c\"></span>esumption of 90 days prescribed b<span class=\"_ _c\"></span>y IFRS 9 is not applied.<span class=\"_ _2d8\"> </span>PERF<span class=\"_ _0\"></span>ORMIN<span class=\"_ _0\"></span>G<span class=\"_ _2d8\"> </span>Customers ha<span class=\"_ _0\"></span>ve a lo<span class=\"_ _0\"></span>w risk of default and a str<span class=\"_ _c\"></span>ong capacity to meet contr<span class=\"_ _c\"></span>actual cash flows.<span class=\"_ _2d8\"> </span>UNDERPER<span class=\"_ _1\"></span>FORMING<span class=\"_ _2d8\"> </span>Receivables f<span class=\"_ _c\"></span>or which there is a significant incr<span class=\"_ _c\"></span>ease in credit risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A significant increase in cr<span class=\"_ _c\"></span>edit risk is presumed if int<span class=\"_ _c\"></span>erest and/or principal r<span class=\"_ _0\"></span>epayments ar<span class=\"_ _0\"></span>e past due.<span class=\"_ _2d8\"> </span>NOT<span class=\"_ _0\"></span> PERFORM<span class=\"_ _1\"></span>ING<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est and/or principal repa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e 30 days past due.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s receiv<span class=\"_ _c\"></span>ables comprise:<span class=\"_ _2d8\"> </span><table class=\"s w4f8 h8b\" id=\"_c24d2f3b-0ac0-40a0-85af-23a0b7ab02b4\"><tr><td></td><td class=\"c n x1d6 y26a3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26a3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w4f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Other debtors</div></td><td class=\"c n x76a y24bb w4fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _238\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span></div></td><td class=\"c n x76b y24bb w4fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _239\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x76c y24bc w4fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></div></td><td class=\"c n x76d y24bc w4fe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>The estimat<span class=\"_ _0\"></span>ed fair v<span class=\"_ _c\"></span>alues of receiv<span class=\"_ _0\"></span>ables are the discount<span class=\"_ _c\"></span>ed amounts of the estimated futur<span class=\"_ _c\"></span>e cash flows expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _c\"></span>eceived.<span class=\"_ _2d8\"> </span>The carrying value of r<span class=\"_ _c\"></span>eceivables appr<span class=\"_ _0\"></span>oximat<span class=\"_ _c\"></span>es fair value<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The pr<span class=\"_ _c\"></span>ovision for e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed credit losses is based on the r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ability of the individual r<span class=\"_ _0\"></span>eceivables<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup calculated ECL on r<span class=\"_ _0\"></span>eceivables and has concluded that it is wholly immat<span class=\"_ _c\"></span>erial and such fur<span class=\"_ _1\"></span>ther disclosur<span class=\"_ _0\"></span>e has not been included.<span class=\"_ _2d8\"> </span>4<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>. CR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span>PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span>risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d). <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span>r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span>lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span>APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span>ECL allow<span class=\"_ _0\"></span>ance on day one. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span>ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Exposure by<span class=\"_ _0\"></span> credit rating<span class=\"_ _2d8\"> </span><table class=\"s w4ff h8e\" id=\"_715d6525-4614-4372-aa67-cdf6fa9cb34e\"><tr><td></td><td></td><td class=\"c n x603 y26b1 w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y26b1 w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x605 y26b1 w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x606 y26b1 w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y26b1 w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y26b1 w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y26b1 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b2 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x76f y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x770 y26b2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26b2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x772 y26b2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b3 w500 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds</div></td><td></td><td class=\"c n x773 y26b3 w243 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x774 y26b3 w501 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>79<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x775 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x776 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x777 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x778 y26b3 w502 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x779 y26b3 w503 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26b4 w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td></td><td class=\"c n x77a y26b4 w504 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _145\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td class=\"c n x77b y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77c y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x77d y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77e y26b4 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77f y26b4 w505 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x780 y26b4 w506 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251d w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x781 y251d w507 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _9b\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,12<span class=\"_ _8\"></span>5</span></div></td><td class=\"c n x782 y26b5 w508 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>21,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x783 y251d w509 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,75<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4e\"> </span></div></td><td></td><td class=\"c n x784 y251d w50a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>,35<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x785 y251d w50b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">0\ue01d</div></td><td class=\"c n x786 y251d we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x787 y251d w2f8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x788 y251d w3e8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25ce w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x620 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x789 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x78a y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x78b y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x78c y25ce w50c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x78d y26b6 w50d h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x78e y25ce w50e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25cf w75 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div></td><td class=\"c n x78f y25cf w50f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x790 y26b7 w510 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x791 y26b7 w511 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls55 ws58\">51<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x792 y25cf w512 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb6 wsbe\">14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>72<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td></td><td></td><td class=\"c n x793 y25cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x794 y25cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x795 y25cf w513 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x796 y25cf w514 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w515 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _23b\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x797 y24bc w516 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>9<span class=\"_ _1a\"></span>4</div></td><td class=\"c n x798 y24cd w517 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>57<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span></div></td><td class=\"c n x799 y24bc w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x79a y24bc w518 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">8,526<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></div></td><td class=\"c n x79b y24bc w147 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x79c y24bc w519 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">,3<span class=\"_ _1\"></span>50\ue01d</div></td><td class=\"c n x79d y24bc w50c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x79e y24cd w51a h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x79f y24bc w2d4 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w51b h8f\" id=\"_ae8878ef-acfb-4876-ac20-2ca1b9d1f350\"><tr><td></td><td></td><td class=\"c n x603 y269e w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x604 y269e w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x605 y269e w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y269e w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y269e w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y269e w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x609 y269e w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b8 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76e y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76f y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x770 y26b8 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26b8 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26b8 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w500 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds</div></td><td></td><td class=\"c n x773 y26b9 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a0 y26b9 w49d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a1 y26b9 w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e</div></td><td></td><td class=\"c n x7a2 y26b9 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a3 y26b9 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a4 y26b9 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y26b9 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span></div></td><td class=\"c n x780 y26b9 w49d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a6 y26b9 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td class=\"c n x7a7 y26ba w51c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>98,<span class=\"_ _2\"></span>96<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a8 y26ba w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">3\ue01e</div></td><td class=\"c n x7a9 y26ba w88 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4,3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4\ue01e</div></td><td></td><td class=\"c n x7aa y26ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ab y26ba w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ac y26ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ad y26ba w51d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7ae y26ba w51e h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w51f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _2e\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7af y255b w520 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1,12<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x7b0 y255b w521 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7b1 y255b w522 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\">0,0<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _17d\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7b2 y255b w523 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>0</div></td><td class=\"c n x7b3 y26bb w524 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>67<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></span></div></td><td class=\"c n x7a4 y255b wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y255b wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x7b4 y255b w525 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7b5 y255b w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x620 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7b6 y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7b7 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7b8 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7b9 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ba y255c w526 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _ee\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7bb y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w527 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _48\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7bc y24bb w528 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,14<span class=\"_ _1a\"></span>0</div></td><td></td><td class=\"c n x7bd y26bc w529 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _ac\"> </span><span class=\"lsfd ws113\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></span></div></td><td class=\"c n x7be y24bb w52a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7bf y24bb w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">23\ue01e</div></td><td class=\"c n x7c0 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x624 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7c1 y24bb w52b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c2 y24bb w140 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w52c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _23c\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7c3 y26bd w52d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7c4 y24bc w52e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></div></td><td></td><td class=\"c n x7c5 y24bc w52f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>75,393\ue01e<span class=\"_ _124\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c6 y24bc w530 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x7c7 y26bd w531 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"ls3 ws5f\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c8 y24bc wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e</div></td><td class=\"c n x7c9 y24bc w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ca y24bc w532 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">42,530<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>With the exception of r<span class=\"_ _c\"></span>eceivables,<span class=\"_ _2\"></span> all the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>vestment gr<span class=\"_ _c\"></span>ade (AAA to BBB).<span class=\"_ _2d8\"> </span>Analysis of<span class=\"_ _0\"></span> credit risk<span class=\"_ _0\"></span> and allo<span class=\"_ _0\"></span>wance<span class=\"_ _0\"></span> for ECL<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides an o<span class=\"_ _c\"></span>verview of the allow<span class=\"_ _0\"></span>ance for ECL pr<span class=\"_ _c\"></span>ovided f<span class=\"_ _0\"></span>or on the types of financial assets held by the Gr<span class=\"_ _c\"></span>oup where cr<span class=\"_ _c\"></span>edit risk is pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>alent.<span class=\"_ _2\"></span> Gross carrying amount<span class=\"_ _2d8\"> </span>Allow<span class=\"_ _0\"></span>ance for ECL<span class=\"_ _7e\"> </span>Net amount<span class=\"_ _2d8\"> </span>At 31 December 2025<span class=\"_ _22e\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ gs40f\"> </span><span class=\"_ _e9\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _236\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ad\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>(3)<span class=\"_ _49\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _23d\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a6\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4)<span class=\"_ _7e\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>713<span class=\"_ gs102\"> </span></span>Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _23e\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"lsc8 wsd1\"><span class=\"_ gs102\"> </span>(38)<span class=\"_ _49\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></span></span></span>Receivables<span class=\"_ _160\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>Cash and cash equivalents<span class=\"_ _22c\"> </span><span class=\"ff2 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>475<span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _240\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _49\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></span><table class=\"s w533 h90\" id=\"_c79a3053-2f61-4380-98c3-08cee024ca98\"><tr><td></td><td></td><td class=\"t m0 x5d2 h29 y26be ff2 fs22 fc2 sc0 ls0 ws0\">Gross carrying </td><td></td><td class=\"t m0 x242 h29 y26be ff2 fs22 fc2 sc0 ls0 ws0\">Allow<span class=\"_ _0\"></span>ance </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x269 h29 y26bf ff2 fs22 fc2 sc0 ls0 ws0\">amount<span class=\"_ _2d8\"> </span></td><td></td><td class=\"c n x7cb y26c0 w534 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">for ECL<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cc y26c0 w535 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Net amount<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c1 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71d y26c1 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71e y26c1 w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cd y26c1 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c2 w46c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment bonds</div></td><td class=\"c n x7ce y26c2 w536 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cf y26c2 w537 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e<span class=\"_ _ad\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d0 y26c2 w3c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls14 ws18\">(3)<span class=\"_ _4c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7d1 y26c2 w538 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c3 w539 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _25\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d2 y26c4 w53a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _d3\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d3 y26c3 w53b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _1\"></span>)<span class=\"_ _e2\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7d4 y26c3 w53c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>26<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2687 w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x7d5 y2687 w53d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7d6 y2687 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td class=\"c n x7d7 y2687 w53e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>(3<span class=\"_ _1\"></span>5)</div></td><td class=\"c n x7d8 y2687 w17a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7d9 y2687 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td></td><td class=\"c n x7da y255c w4fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e</div></td><td class=\"c n x7db y255c w53f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7dc y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w540 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _190\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7dd y24bb w541 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x7de y24bb w369 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x7df y24bb w469 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td></td><td class=\"c n x7e0 y24bc w542 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>342,53<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7e1 y24bc w543 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _7c\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7e2 y24bc w544 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</div></td><td class=\"c n x7e3 y24bc w545 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7e4 y24bc w546 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">42,<span class=\"_ _1\"></span>48<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>4<span class=\"_ _1\"></span>.5. I<span class=\"_ _1\"></span>NVE<span class=\"_ _1\"></span>ST<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Inv<span class=\"_ _c\"></span>estment income from debt instruments classified as FV<span class=\"_ _c\"></span>OCI are measur<span class=\"_ _c\"></span>ed using the eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e which allocates the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income or inter<span class=\"_ _c\"></span>est expense ov<span class=\"_ _c\"></span>er the expected lif<span class=\"_ _0\"></span>e of the asset or liability at the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that ex<span class=\"_ _0\"></span>actly discounts all estimated futur<span class=\"_ _c\"></span>e cash flows t<span class=\"_ _0\"></span>o equal the instrument\u2019<span class=\"_ _2\"></span>s initial carr<span class=\"_ _1\"></span>ying amount.<span class=\"_ _2\"></span> Calculation of the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate t<span class=\"_ _c\"></span>akes int<span class=\"_ _c\"></span>o account fees payable or r<span class=\"_ _c\"></span>eceivable that ar<span class=\"_ _0\"></span>e an integr<span class=\"_ _c\"></span>al par<span class=\"_ _1\"></span>t of the instrument\u2019<span class=\"_ _2\"></span>s yield,<span class=\"_ _2\"></span> premiums or discounts on acquisition or issue<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> early redemption f<span class=\"_ _c\"></span>ees and transaction costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>All contr<span class=\"_ _0\"></span>actual terms of a financial instrument ar<span class=\"_ _c\"></span>e considered when estimating futur<span class=\"_ _c\"></span>e cash flows.<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est income on financial assets using eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e method<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est income fr<span class=\"_ _0\"></span>om debt securities<span class=\"_ _244\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></span><span class=\"ls1d ws1f\"><span class=\"_ gs41\"> </span>6,458<span class=\"_ gs41\"> </span></span>Inter<span class=\"_ _c\"></span>est income fr<span class=\"_ _0\"></span>om cash and cash equivalents<span class=\"_ _245\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,13<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _246\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span><span class=\"ff4 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _2d8\"> </span></span></span>4<span class=\"_ _1\"></span>.6. N<span class=\"_ _1\"></span>ET GAIN<span class=\"_ _1\"></span>S/<span class=\"_ _2\"></span>(LOS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ES<span class=\"_ _1\"></span>) FRO<span class=\"_ _1\"></span>M FAIR V<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>LUE AD<span class=\"_ _1\"></span>JU<span class=\"_ _1\"></span>ST<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S ON F<span class=\"_ _1\"></span>INAN<span class=\"_ _1\"></span>CIA<span class=\"_ _1\"></span>L ASS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>TS<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Profit or<span class=\"_ _0\"></span> Loss<span class=\"_ _2d8\"> </span>Realised gains on<span class=\"_ _0\"></span> derecognition of<span class=\"_ _0\"></span> debt securities<span class=\"_ _0\"></span> measured at FV<span class=\"_ _c\"></span>OCI<span class=\"_ _247\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Realised fair<span class=\"_ _0\"></span> value<span class=\"_ _c\"></span> g<span class=\"_ _1\"></span>ains o<span class=\"_ _0\"></span>n debt<span class=\"_ _0\"></span> securities reclassified t<span class=\"_ _0\"></span>o Profit<span class=\"_ _0\"></span> or Loss<span class=\"_ _248\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span></span>Other Comprehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _249\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span></span></span>Unr<span class=\"_ _0\"></span>ealised fair v<span class=\"_ _c\"></span>alue gains on debt securities<span class=\"_ _24a\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>5,52<span class=\"_ _1\"></span>2<span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Realised gains on der<span class=\"_ _0\"></span>ecognition of debt securities r<span class=\"_ _0\"></span>eclassified to Pr<span class=\"_ _c\"></span>ofit or Loss<span class=\"_ _f3\"> </span><span class=\"ff2 ls63 wsa5\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(7)<span class=\"_ _122\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Expected cr<span class=\"_ _c\"></span>e<span class=\"_ _1\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _24b\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>5<span class=\"_ gs41\"> </span></span></span>Unrealised f<span class=\"_ _c\"></span>air value gains on debt securities through Other Compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _24c\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>518<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span></span>Net g<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>ns fr<span class=\"_ _1\"></span>om fa<span class=\"_ _1\"></span>ir val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s on fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s<span class=\"_ _1cd\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>5,525<span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _2d8\"> </span></span></span><div class=\"t m0 h2 ff3 fs0 fc1 sc0 lsaf wsb6 gs437\">6. L<span class=\"_ _0\"></span>IQUIDITY RISK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs438\">Liquidity risk is the potential that obligations cannot be met as the<span class=\"_ _c\"></span>y fall due as a consequence of having a timing mismatch or inability t<span class=\"_ _0\"></span>o </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs439\">r<span class=\"_ _0\"></span>aise suf<span class=\"_ _0\"></span>ficient liquid assets without suff<span class=\"_ _c\"></span>ering a substantial loss on r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group manages its liquidity risk thr<span class=\"_ _c\"></span>ough both ensuring that </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs43a\">it holds suf<span class=\"_ _0\"></span>ficient cash and cash equivalent assets t<span class=\"_ _c\"></span>o meet all shor<span class=\"_ _1\"></span>t-term liabilities and matching,<span class=\"_ _b\"></span> as far as possible,<span class=\"_ _2\"></span> the maturity pr<span class=\"_ _0\"></span>ofile of its </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs43b\">financial inv<span class=\"_ _c\"></span>estments to the expect<span class=\"_ _c\"></span>ed cash outflows.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs43c\">The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able analyses the carrying value of cash and cash equiv<span class=\"_ _0\"></span>alents and financial assets,<span class=\"_ _2\"></span> by contr<span class=\"_ _c\"></span>actual maturity<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> which can fund </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs43d\">the r<span class=\"_ _0\"></span>epayment of liabilities as they crystallise<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> It also analyses the undiscounted cash flo<span class=\"_ _0\"></span>ws of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets held,<span class=\"_ _2\"></span> based on the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs43e\">futur<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed cash flows t<span class=\"_ _c\"></span>o be receiv<span class=\"_ _0\"></span>ed in the periods present<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span></div><div class=\"gs43f\"><table class=\"s w551 h91\" id=\"_1a9c6fb0-6adb-4bac-8ca4-7a08f26ecb59\"><tr><td></td><td></td><td class=\"c n x7eb y26c5 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ec y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ed y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26c5 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26c5 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26c5 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26c6 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y26c6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26c6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26c6 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y26c7 w556 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div><div class=\"t m0 x7f2 h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x7f3 y2558 w467 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f4 y2558 w557 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x7f5 y2558 w419 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7f6 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7f7 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7f8 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x7f9 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x7fa y2558 w558 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7fb y2558 w559 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y251a w55a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _126\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x7fc y251a w109 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>613<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x7fd y251a w55b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7fe y251b w55c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls55 ws58\">,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x7ff y251a w55d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8e ws91\">3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,78<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _47\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x800 y251a w55e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x801 y251a we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x802 y251a w55f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>8,0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _85\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x803 y251a w560 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y251c w561 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _81\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x804 y251c w4b5 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">4<span class=\"_ _8\"></span>7,1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>0</div></td><td class=\"c n x805 y26c8 w562 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x806 y26c8 w563 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\"><span class=\"lsb6 wsbe\">14<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x807 y251c w564 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></div></td><td></td><td class=\"c n x808 y251c w153 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs102\"> </span>8,6<span class=\"_ _0\"></span>29\ue01d</div></td><td class=\"c n x809 y251c w565 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>,782</div></td><td></td><td class=\"c n x80a y26c8 w566 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _2d8\"> </span></span></div></td></tr><tr><td class=\"c n x1de y251d w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x781 y251d w25b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _24f\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></span></div></td><td class=\"c n x80b y251d w567 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>1<span class=\"_ _c\"></span>3,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x80c y251d w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">660\ue01d</div></td><td class=\"c n x80d y251d w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x80e y251d w568 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">0,69<span class=\"_ _1\"></span>9\ue01d<span class=\"_ _45\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x80f y251d w569 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span></div></td><td></td><td class=\"c n x668 y26b5 w56a h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs102\"> </span>9<span class=\"_ _c\"></span>,509<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x810 y251d w56b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x811 y26b5 w56c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25ce w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x812 y25ce w56d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _ae\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td></td><td class=\"c n x813 y25ce wf1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x814 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x815 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x816 y25ce we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x817 y25ce w56e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7b5 y25ce w56f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25cf w82 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets</div></td><td class=\"c n x818 y25cf w570 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs102\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x819 y25cf w571 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\">5,594<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span></div></td><td class=\"c n x81a y25cf w3c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x81b y25cf w572 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8\ue01d<span class=\"_ _73\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x81c y26b7 w573 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>876<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x81d y26b7 w574 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x81e y26b7 w575 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x81f y25cf w576 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">7<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,17<span class=\"_ _8\"></span>0</div></td><td></td><td class=\"c n x820 y26b7 w577 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y24bc w578 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _200\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x821 y24bc w579 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>4</div></td><td></td><td class=\"c n x822 y24cd w57a h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsb0 wsb7\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>94,<span class=\"_ _0\"></span>390<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x823 y24cd w57b h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls51 ws53\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x824 y24bc w57c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls51 ws53\">8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>21<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x825 y24bc w57d h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x826 y24cd w57e h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls5b ws5c\">5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x827 y24cd w57f h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls62 ws64\">9<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x828 y24bc w580 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls9a ws9e\">618<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"gs440\"><table class=\"s w581 h92\" id=\"_9a32c440-9186-4aec-a028-c8e3f3fb1dea\"><tr><td></td><td class=\"c n x7eb y26c9 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ec y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x7ed y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26c9 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x7ef y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f0 y26c9 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26c9 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26ca w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x76e y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x770 y26ca w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x771 y26ca w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26ca w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2572 w556 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div><div class=\"t m0 x7f2 h39 y26cb ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x829 y2572 w582 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x82a y2572 w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x82b y2572 w583 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x82c y2572 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x82d y2572 w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x82e y2572 w52b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x82f y2572 w469 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2573 w584 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _b8\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x830 y2573 w585 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span>0</div></td><td></td><td class=\"c n x831 y26cc w586 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>32<span class=\"_ _1\"></span>,79<span class=\"_ _1\"></span>0</span></div></td><td></td><td></td><td class=\"c n x832 y26cc w587 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>19,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></span></div></td><td class=\"c n x833 y2573 w588 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x834 y2573 w589 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">,628\ue01e</div></td><td></td><td></td><td class=\"c n x835 y2573 w58a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ _15f\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>17,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></span></div></td><td></td><td class=\"c n x836 y2573 w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x837 y2573 w58b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x838 y2573 w207 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2566 w58c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _50\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x839 y2566 w58d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td></td><td class=\"c n x83a y2566 w326 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>38,86<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x83b y2566 w58e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _a8\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x83c y2566 w58f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span>9<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td class=\"c n x83d y2566 w590 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,03<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _70\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x83e y2566 w591 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x83f y2566 w592 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x840 y2566 w593 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2567 w474 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td class=\"c n x841 y2567 w594 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>,54<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x842 y2567 w2cf h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e</div></td><td class=\"c n x843 y2567 w595 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>20<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x844 y26cd w487 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls63 wsa5\">,366<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x845 y26cd w596 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _1\"></span>7<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x846 y2567 w597 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td></td><td class=\"c n x847 y2567 w598 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs41\"> </span>6,23<span class=\"_ _1\"></span>0\ue01e</div></td><td></td><td class=\"c n x848 y2567 w599 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>44\ue01e</div></td><td></td><td class=\"c n x849 y2567 w2ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x84a y2567 w2af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w59a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables<span class=\"_ _ae\"> </span><span class=\"ls3 ws5f\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x84b y2568 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e</div></td><td></td><td class=\"c n x84c y2568 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x84d y2568 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x639 y2568 w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x63a y2568 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x601 y2568 w59b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _ee\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x84e y2568 wc6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w82 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets</div></td><td class=\"c n x84f y2562 w59c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>56<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x850 y2562 w59d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc7 wsd0\">,6<span class=\"_ _1\"></span>52\ue01e<span class=\"_ _124\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x851 y2562 w59e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">31,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x852 y2562 w59f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x853 y2562 w5a0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">58\ue01e<span class=\"_ _124\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x854 y2562 w597 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></div></td><td></td><td class=\"c n x855 y2562 w5a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x856 y2562 w285 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">3<span class=\"_ _c\"></span>1\ue01e</div></td><td class=\"c n x857 y2562 w5a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x858 y2562 w5a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\">0,6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _110\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x859 y2562 w3de h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x85a y24bc w5a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>77<span class=\"_ _c\"></span>,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x85b y25c8 w5a5 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\">94<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _51\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x85c y25c8 w5a6 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">12<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x85d y24bc w5a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x85e y24bc w5a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>7<span class=\"_ _0\"></span>5,4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x85f y24bc w5a9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">15\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x860 y25c8 w5aa h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\">5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x861 y24bc w5ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">61<span class=\"_ _1\"></span>,18<span class=\"_ _8\"></span>8</div></td><td></td><td></td><td class=\"c n x862 y25c8 w5ac h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>761<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></div></td></tr></table></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs441\">(1) <span class=\"_ _5\"> </span>Includes money market funds with no notice period f<span class=\"_ _0\"></span>or withdr<span class=\"_ _0\"></span>awal<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs443\">The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able analyses the undiscount<span class=\"_ _0\"></span>ed cash flows of insur<span class=\"_ _c\"></span>ance liabilities based on the future cash flo<span class=\"_ _0\"></span>ws expect<span class=\"_ _0\"></span>ed to be paid out in the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs444\">periods pr<span class=\"_ _0\"></span>esented,<span class=\"_ _b\"></span> and payables by maturity dat<span class=\"_ _c\"></span>es.<span class=\"_ _2d8\"> </span></div><div class=\"gs445\"><table class=\"s w5ad h93\" id=\"_a6aa36de-585a-4864-b545-4e612c6fa1f3\"><tr><td></td><td class=\"c n x7eb y26ce w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ec y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ed y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ee y26ce w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26ce w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26ce w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y265c w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76e y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76f y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y265c w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26cf w5ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pay<span class=\"_ _c\"></span>ables<span class=\"_ _252\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x863 y26cf w5af h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x864 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x865 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x866 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x867 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x868 y26cf w5b0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x869 y26cf w5b1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _1a\"> </span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c x1de y25cf w5b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities</div><div class=\"t m0 x86a h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x86b y24bb w5b3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>101,<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span>3</div></td><td class=\"c n x86c y26a5 w5b4 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>478</span></div></td><td></td><td class=\"c n x86d y26a5 w5b5 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>812<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span></div></td><td class=\"c n x86e y24bb w2db h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>46,492\ue01d</div></td><td class=\"c n x86f y24bb w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x870 y26a5 w5b6 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls7c ws93\">0,<span class=\"_ _1\"></span>264<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x871 y24bb w5b7 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">8<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></div></td><td class=\"c n x872 y24bb w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x873 y24bb w5b8 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">25,5<span class=\"_ _1\"></span>52\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5b9 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _200\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x874 y24bc w5ba h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>,781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x875 y24bc w5bb h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x876 y24cd w5bc h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse3 ws1\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>478<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x877 y24bc w5bd h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa0 wsa2\">6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>12<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></div></td><td class=\"c n x878 y24bc w5be h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>46,492<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></div></td><td class=\"c n x879 y24bc w50b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x87a y24bc w5bf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">0,26<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _6d\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x87b y24bc w5c0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">8<span class=\"_ _1\"></span>9,7<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x87c y24bc w1fc h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x87d y24bc w27c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\">32<span class=\"_ _1\"></span>,60<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"gs446\"><table class=\"s w5c1 h94\" id=\"_da357a74-28cf-46d5-b2d3-0c268b698f22\"><tr><td></td><td></td><td class=\"c n x7eb y26d0 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ec y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ed y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26d0 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26d0 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26d0 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y264e w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y264e w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w5c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pay<span class=\"_ _c\"></span>ables<span class=\"_ _168\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x87e y255c w5c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">6<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x87f y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x880 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x881 y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x882 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x883 y26d1 w5c4 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x884 y255c w453 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">6<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y24bb w5b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities</div><div class=\"t m0 x86a h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x7f3 y24bb w5c5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,<span class=\"_ _c\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x885 y24bb w5a9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">92\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x886 y24bb w5c6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">74<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7</div></td><td class=\"c n x887 y26bc w5c7 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></span></div></td><td class=\"c n x888 y24bb w5c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x889 y24bb w5c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">427<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x88a y24bb w5ca h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,2<span class=\"_ _0\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x88b y24bb w5cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x88c y24bb w5cc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span></div></td><td class=\"c n x88d y24bb w2d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>343,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x88e y24bb w5cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">35<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x88f y24bc w5ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>98<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x890 y24bc w5cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x891 y26bd w5d0 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\">74<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x892 y24bc w5d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x893 y24bc w5c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x894 y24bc w5c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">427<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x895 y24bc w5ca h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,2<span class=\"_ _0\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x896 y24bc w5cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x897 y24bc w5d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x898 y24bc w5d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls30 ws31\"><span class=\"_ gs41\"> </span>350,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x899 y24bc w5d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls30 ws31\">630\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs447\">(2) <span class=\"_ _5\"> </span>Excludes the liability for remaining co<span class=\"_ _c\"></span>verage (unearned pr<span class=\"_ _c\"></span>emium element) and effect of discounting<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs448\">Management has consider<span class=\"_ _0\"></span>ed the liquidity and cash gener<span class=\"_ _0\"></span>ation of the Gr<span class=\"_ _0\"></span>oup and is satisfied that the Gr<span class=\"_ _0\"></span>oup will be able to meet all liabilities </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs449\">as they f<span class=\"_ _0\"></span>all due.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-329": {
   "value": "2<span class=\"_ _1\"></span>. RI<span class=\"_ _1\"></span>SK AN<span class=\"_ _1\"></span>D CAPIT<span class=\"_ _c\"></span>AL M<span class=\"_ _1\"></span>ANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>2<span class=\"_ _1\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. R<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>SK MA<span class=\"_ _1\"></span>NAGEM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT FR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>WORK<span class=\"_ _2d8\"> </span>The Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc Boar<span class=\"_ _0\"></span>d is r<span class=\"_ _0\"></span>esponsible for prudent o<span class=\"_ _0\"></span>versight of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s business and financial operations,<span class=\"_ _b\"></span> ensuring that they<span class=\"_ _2d8\"> </span>ar<span class=\"_ _0\"></span>e conducted in accor<span class=\"_ _c\"></span>dance with sound business principles and with applicable laws and regulations,<span class=\"_ _b\"></span> and ensure f<span class=\"_ _0\"></span>air customer outcomes<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>This includes r<span class=\"_ _c\"></span>esponsibility to articulate and monit<span class=\"_ _0\"></span>or adher<span class=\"_ _0\"></span>ence to the Boar<span class=\"_ _c\"></span>d\u2019<span class=\"_ _c\"></span>s appetite f<span class=\"_ _c\"></span>or exposure t<span class=\"_ _c\"></span>o all risk types.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Boar<span class=\"_ _0\"></span>d also ensur<span class=\"_ _0\"></span>es<span class=\"_ _2d8\"> </span>that measur<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e in place to pr<span class=\"_ _c\"></span>ovide independent and objectiv<span class=\"_ _0\"></span>e assur<span class=\"_ _0\"></span>ance on the eff<span class=\"_ _c\"></span>ective identification and management of risk and<span class=\"_ _2d8\"> </span>on<span class=\"_ gs41\"> </span>the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>eness of the int<span class=\"_ _0\"></span>ernal contr<span class=\"_ _0\"></span>ols in place to mitigat<span class=\"_ _c\"></span>e those risks.<span class=\"_ _2d8\"> </span>The Boar<span class=\"_ _0\"></span>d has set a r<span class=\"_ _0\"></span>obust risk management str<span class=\"_ _0\"></span>ategy and fr<span class=\"_ _c\"></span>amework as an int<span class=\"_ _c\"></span>egral element in its pursuit of business objectiv<span class=\"_ _0\"></span>es and in the<span class=\"_ _2d8\"> </span>fulfilment of its obligations to shar<span class=\"_ _c\"></span>eholders,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>egulators<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> customers and emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s risk management fr<span class=\"_ _0\"></span>amework is pr<span class=\"_ _c\"></span>opor<span class=\"_ _1\"></span>tionat<span class=\"_ _0\"></span>e to the risks that w<span class=\"_ _0\"></span>e face<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Our assessment of risk is not static;<span class=\"_ _2\"></span> we continually r<span class=\"_ _c\"></span>eassess<span class=\"_ _2d8\"> </span>the risk envir<span class=\"_ _c\"></span>onment in which the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates and ensur<span class=\"_ _c\"></span>e that we maint<span class=\"_ _0\"></span>ain appr<span class=\"_ _0\"></span>opriate mitigation in or<span class=\"_ _c\"></span>der to r<span class=\"_ _0\"></span>emain within our risk<span class=\"_ _2d8\"> </span>appetite<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group\u2019<span class=\"_ _2\"></span>s Management Risk and Compliance Forum giv<span class=\"_ _0\"></span>es management the r<span class=\"_ _0\"></span>egular opportunity to r<span class=\"_ _0\"></span>evie<span class=\"_ _0\"></span>w and discuss the risks<span class=\"_ _2d8\"> </span>which the Gr<span class=\"_ _c\"></span>oup faces,<span class=\"_ _2\"></span> including but not limit<span class=\"_ _0\"></span>ed to an<span class=\"_ _c\"></span>y breaches<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> issues or emerging risks<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Forum also works t<span class=\"_ _c\"></span>o ensure that adequat<span class=\"_ _0\"></span>e<span class=\"_ _2d8\"> </span>mitigation for the risks the Gr<span class=\"_ _c\"></span>oup is exposed t<span class=\"_ _0\"></span>o are in place<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>2.2. UNDERWRIT<span class=\"_ _0\"></span>ING RISK<span class=\"_ _2d8\"> </span>The principal risk the Gr<span class=\"_ _c\"></span>oup faces under insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts is that the actual claims and benefit payments,<span class=\"_ _2\"></span> or the timing ther<span class=\"_ _c\"></span>eof<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> diff<span class=\"_ _c\"></span>er from<span class=\"_ _2d8\"> </span>expect<span class=\"_ _0\"></span>ations.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is influenced by the fr<span class=\"_ _c\"></span>equency of claims,<span class=\"_ _2\"></span> sev<span class=\"_ _0\"></span>erity of claims,<span class=\"_ _2\"></span> actual benefits paid and subsequent dev<span class=\"_ _c\"></span>elopment of long-term<span class=\"_ _2d8\"> </span>claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the objective of the Gr<span class=\"_ _c\"></span>oup is to ensur<span class=\"_ _0\"></span>e that suf<span class=\"_ _0\"></span>ficient r<span class=\"_ _0\"></span>eserves ar<span class=\"_ _0\"></span>e available t<span class=\"_ _c\"></span>o cover these liabilities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only motor insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> which usually co<span class=\"_ _0\"></span>ver a 12-month dur<span class=\"_ _c\"></span>ation.<span class=\"_ _2\"></span> For these contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> the most significant risks arise<span class=\"_ _2d8\"> </span>fr<span class=\"_ _0\"></span>om under<span class=\"_ _c\"></span>-estimation of the expected costs att<span class=\"_ _0\"></span>ached t<span class=\"_ _0\"></span>o a policy or a claim,<span class=\"_ _2\"></span> for e<span class=\"_ _0\"></span>xample thr<span class=\"_ _c\"></span>ough unexpect<span class=\"_ _0\"></span>ed inflation of costs or single<span class=\"_ _2d8\"> </span>catastr<span class=\"_ _c\"></span>ophic ev<span class=\"_ _0\"></span>ents.<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Note 3.6 f<span class=\"_ _0\"></span>or detail on these risks and the w<span class=\"_ _0\"></span>ay the Gr<span class=\"_ _c\"></span>oup manages them.<span class=\"_ _2\"></span> Note 3.6 also includes the consider<span class=\"_ _c\"></span>ations of climate change.<span class=\"_ _2d8\"> </span>Further discussion on climate change can be f<span class=\"_ _0\"></span>ound in the Principal Risks and Uncertainties section on pages 22 t<span class=\"_ _0\"></span>o 30 of the Str<span class=\"_ _0\"></span>ategic Report<span class=\"_ _2d8\"> </span>and the Responsibility and Sustainability section on pages 41 t<span class=\"_ _c\"></span>o 67.<span class=\"_ _2d8\"> </span>2<span class=\"_ _1\"></span>.3. C<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>Cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _0\"></span>eflects the financial impact of the default of one or mor<span class=\"_ _c\"></span>e of the Group\u2019<span class=\"_ _2\"></span>s count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ties.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup is exposed to financial risks<span class=\"_ _2d8\"> </span>caused by a loss in the v<span class=\"_ _0\"></span>alue of financial assets due t<span class=\"_ _0\"></span>o counterparties failing t<span class=\"_ _c\"></span>o meet all or par<span class=\"_ _1\"></span>t of their obligations.<span class=\"_ _2\"></span> K<span class=\"_ _c\"></span>ey areas wher<span class=\"_ _c\"></span>e the<span class=\"_ _2d8\"> </span>Gr<span class=\"_ _0\"></span>oup is exposed t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit default risk ar<span class=\"_ _c\"></span>e:<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Failur<span class=\"_ _c\"></span>e of an asset counterparty to meet their financial obligations (Not<span class=\"_ _c\"></span>e 4.4)<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span>2<span class=\"_ _1\"></span>.3. C<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>Cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _0\"></span>eflects the financial impact of the default of one or mor<span class=\"_ _c\"></span>e of the Group\u2019<span class=\"_ _2\"></span>s count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ties.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup is exposed to financial risks<span class=\"_ _2d8\"> </span> caused by a loss in the v<span class=\"_ _0\"></span>alue of financial assets due t<span class=\"_ _0\"></span>o counterparties failing t<span class=\"_ _c\"></span>o meet all or par<span class=\"_ _1\"></span>t of their obligations.<span class=\"_ _2\"></span> K<span class=\"_ _c\"></span>ey areas wher<span class=\"_ _c\"></span>e the<span class=\"_ _2d8\"> </span> Gr<span class=\"_ _0\"></span>oup is exposed t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit default risk ar<span class=\"_ _c\"></span>e:<span class=\"_ _2d8\"> </span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Failur<span class=\"_ _c\"></span>e of an asset counterparty to meet their financial obligations (Not<span class=\"_ _c\"></span>e 4.4)<span class=\"_ _2d8\"> </span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing policies and pr<span class=\"_ _c\"></span>ocedures ar<span class=\"_ _c\"></span>e in place to mitigat<span class=\"_ _0\"></span>e the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s exposure t<span class=\"_ _c\"></span>o credit risk:<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span>  <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>A Gr<span class=\"_ _c\"></span>oup credit risk policy which sets out the assessment and det<span class=\"_ _c\"></span>ermination of what constitutes cr<span class=\"_ _0\"></span>edit risk for the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2\"></span> Compliance with<span class=\"_ _2d8\"> </span> the policy is monitor<span class=\"_ _c\"></span>ed and exposur<span class=\"_ _0\"></span>es and br<span class=\"_ _0\"></span>eaches ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s Risk Committee<span class=\"_ _2d8\"> </span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance is placed with counterparties that have a good cr<span class=\"_ _c\"></span>edit rating and concentr<span class=\"_ _c\"></span>ation of risk is avoided by f<span class=\"_ _c\"></span>ollowing policy<span class=\"_ _2d8\"> </span> guidelines in r<span class=\"_ _0\"></span>espect of counterparties\u2019<span class=\"_ _2\"></span> limits that ar<span class=\"_ _0\"></span>e set each year b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors and ar<span class=\"_ _c\"></span>e subject to r<span class=\"_ _c\"></span>egular revie<span class=\"_ _0\"></span>ws.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>At each<span class=\"_ _2d8\"> </span> r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> management performs an assessment of cr<span class=\"_ _c\"></span>editworthiness of reinsur<span class=\"_ _c\"></span>ers and updates the r<span class=\"_ _c\"></span>einsurance pur<span class=\"_ _c\"></span>chase strat<span class=\"_ _c\"></span>egy<span class=\"_ _c\"></span>,<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> ascertaining a suit<span class=\"_ _0\"></span>able allow<span class=\"_ _0\"></span>ance for impairment<span class=\"_ _2d8\"> </span> <span class=\"_ _19f\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls41\">The Gr<span class=\"_ _c\"></span>oup sets the maximum amounts and limits that may be adv<span class=\"_ _0\"></span>anced to corpor<span class=\"_ _c\"></span>ate count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to their long-t<span class=\"_ _c\"></span>erm credit<span class=\"_ gs41\"> </span>r<span class=\"_ _c\"></span>atings<span class=\"_ _2d8\"> </span></span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The cr<span class=\"_ _c\"></span>edit risk in respect of cust<span class=\"_ _0\"></span>omer balances incurr<span class=\"_ _0\"></span>ed on non-payment of pr<span class=\"_ _0\"></span>emiums or contributions will only persist during the gr<span class=\"_ _c\"></span>ace<span class=\"_ _2d8\"> </span> period specified in the policy document or trust deed until expiry<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the policy is either paid up or t<span class=\"_ _0\"></span>erminated.<span class=\"_ _2\"></span> Commission paid t<span class=\"_ _c\"></span>o<span class=\"_ _2d8\"> </span> intermediaries is nett<span class=\"_ _c\"></span>ed off against amounts r<span class=\"_ _c\"></span>eceivable fr<span class=\"_ _0\"></span>om them to r<span class=\"_ _c\"></span>educe the risk of doubtful debts<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Notes 3.7 and 4.4 as indicat<span class=\"_ _0\"></span>ed abov<span class=\"_ _c\"></span>e for further information on cr<span class=\"_ _0\"></span>edit risk.<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> 2.4<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span> LIQUIDITY RISK<span class=\"_ _2d8\"> </span>Liquidity risk is the potential that obligations cannot be met as the<span class=\"_ _c\"></span>y fall due as a consequence of having a timing mismatch or inability to r<span class=\"_ _c\"></span>aise sufficient liquid assets without suf<span class=\"_ _c\"></span>fering a subst<span class=\"_ _0\"></span>antial loss on r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup manages its liquidity risk through both ensuring that it holds suf<span class=\"_ _0\"></span>ficient cash and cash equivalent assets t<span class=\"_ _0\"></span>o meet all short-term liabilities,<span class=\"_ _2\"></span> and matching the maturity pr<span class=\"_ _c\"></span>ofile of its financial inv<span class=\"_ _c\"></span>estments to the expect<span class=\"_ _c\"></span>ed cash outflows.<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Note 6 f<span class=\"_ _0\"></span>or fur<span class=\"_ _1\"></span>ther inf<span class=\"_ _0\"></span>ormation on liquidity risk.<span class=\"_ _2d8\"> </span>2.<span class=\"_ _1\"></span>5. INVES<span class=\"_ _1\"></span>TMENT CO<span class=\"_ _1\"></span>NCE<span class=\"_ _1\"></span>NTRATION RIS<span class=\"_ _1\"></span>K<span class=\"_ _2d8\"> </span>Excessive e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to particular industry sectors or gr<span class=\"_ _c\"></span>oups can give rise to concentr<span class=\"_ _c\"></span>ation risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup has no significant investment in an<span class=\"_ _c\"></span>y particular industrial sector and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is unlikely t<span class=\"_ _c\"></span>o suff<span class=\"_ _0\"></span>er significant losses thr<span class=\"_ _0\"></span>ough its inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio as a r<span class=\"_ _c\"></span>esult of over<span class=\"_ _c\"></span>-exposur<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o sectors engaged in similar activities or whic<span class=\"_ _0\"></span>h have similar economic f<span class=\"_ _c\"></span>eatures that w<span class=\"_ _0\"></span>ould cause their ability to meet contr<span class=\"_ _c\"></span>actual obligations to be similarly af<span class=\"_ _0\"></span>fect<span class=\"_ _c\"></span>ed by changes in economic,<span class=\"_ _2\"></span> political or other conditions.<span class=\"_ _2d8\"> </span>A significant part of the Group\u2019<span class=\"_ _2\"></span>s inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio consists primarily of UK go<span class=\"_ _0\"></span>vernment bonds and go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed bonds;<span class=\"_ _c\"></span> ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the risk of gov<span class=\"_ _c\"></span>ernment default does exist,<span class=\"_ _2\"></span> ho<span class=\"_ _0\"></span>wev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the likelihood is extr<span class=\"_ _c\"></span>emely remot<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The r<span class=\"_ _0\"></span>emainder of the portfolio consists of inv<span class=\"_ _c\"></span>estment grade corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group contin<span class=\"_ _0\"></span>ues to monit<span class=\"_ _c\"></span>or the strength and security of all bonds<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olio has a significant concentr<span class=\"_ _0\"></span>ation of UK debt securities and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is exposed to mo<span class=\"_ _c\"></span>vements in UK inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es.<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Note 4.2.1 f<span class=\"_ _0\"></span>or fur<span class=\"_ _1\"></span>ther inf<span class=\"_ _0\"></span>ormation on inv<span class=\"_ _c\"></span>estment concentration risk.<span class=\"_ _2d8\"> </span>2<span class=\"_ _1\"></span>.6. O<span class=\"_ _1\"></span>PE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>NAL R<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>K<span class=\"_ _2d8\"> </span>Oper<span class=\"_ _0\"></span>ational risk is the risk of loss arising fr<span class=\"_ _0\"></span>om syst<span class=\"_ _0\"></span>em failur<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> cyber attack,<span class=\"_ _2\"></span> h<span class=\"_ _0\"></span>uman err<span class=\"_ _0\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> fr<span class=\"_ _0\"></span>aud or ext<span class=\"_ _0\"></span>ernal ev<span class=\"_ _0\"></span>ents.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>When controls f<span class=\"_ _c\"></span>ail to perform,<span class=\"_ _b\"></span> oper<span class=\"_ _0\"></span>ational risks can cause damage to r<span class=\"_ _c\"></span>eputation,<span class=\"_ _2\"></span> hav<span class=\"_ _c\"></span>e legal or regulat<span class=\"_ _0\"></span>ory implications or can lead to financial loss.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup cannot expect t<span class=\"_ _0\"></span>o eliminat<span class=\"_ _0\"></span>e all oper<span class=\"_ _0\"></span>ational risks,<span class=\"_ _2\"></span> but by oper<span class=\"_ _c\"></span>ating a rigorous contr<span class=\"_ _c\"></span>ol fr<span class=\"_ _0\"></span>amework and b<span class=\"_ _0\"></span>y monit<span class=\"_ _0\"></span>oring and r<span class=\"_ _0\"></span>esponding to pot<span class=\"_ _c\"></span>ential risks,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup is able to manage the risks<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Contr<span class=\"_ _0\"></span>ols include ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e segregation of duties,<span class=\"_ _2\"></span> access contr<span class=\"_ _c\"></span>ols,<span class=\"_ _2\"></span> authorisation and r<span class=\"_ _0\"></span>econciliation pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> st<span class=\"_ _0\"></span>aff education and assessment pr<span class=\"_ _c\"></span>ocesses,<span class=\"_ _2\"></span> including the use of int<span class=\"_ _0\"></span>ernal audit.<span class=\"_ _2\"></span> Business risks such as changes in en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onment,<span class=\"_ _2\"></span> tec<span class=\"_ _0\"></span>hnology and the industry are monit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s strat<span class=\"_ _c\"></span>egic planning and budgeting process.<span class=\"_ _2d8\"> </span>2<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>. CAPITAL <span class=\"_ _12\"> </span>M<span class=\"_ _1\"></span>ANAGE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors has ultimat<span class=\"_ _c\"></span>e responsibility f<span class=\"_ _0\"></span>or ensuring that the Gr<span class=\"_ _0\"></span>oup has suf<span class=\"_ _0\"></span>ficient funds to meet its liabilities as the<span class=\"_ _0\"></span>y fall due<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup carries out detailed modelling of its assets and liabilities<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> and the k<span class=\"_ _0\"></span>ey risks t<span class=\"_ _0\"></span>o which these ar<span class=\"_ _0\"></span>e exposed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This modelling includes the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s own assessment of its capit<span class=\"_ _0\"></span>al requir<span class=\"_ _c\"></span>ements for solv<span class=\"_ _0\"></span>ency purposes.<span class=\"_ _2\"></span> The Gr<span class=\"_ _c\"></span>oup has continued to manage its solv<span class=\"_ _0\"></span>ency with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to the solv<span class=\"_ _0\"></span>ency capital r<span class=\"_ _c\"></span>equirement (\u201cSCR\u201d) calculat<span class=\"_ _c\"></span>ed using the standar<span class=\"_ _0\"></span>d form<span class=\"_ _0\"></span>ula.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group has de<span class=\"_ _0\"></span>veloped suf<span class=\"_ _c\"></span>ficient processes t<span class=\"_ _c\"></span>o ensure that the capit<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements under Solvency II ar<span class=\"_ _c\"></span>e not breached,<span class=\"_ _2\"></span> including the maintenance of capit<span class=\"_ _c\"></span>al at a level higher than that r<span class=\"_ _c\"></span>equired thr<span class=\"_ _c\"></span>ough the standar<span class=\"_ _c\"></span>d formula.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers its capital position t<span class=\"_ _c\"></span>o be its net assets on a Solvency II basis and monit<span class=\"_ _c\"></span>ors this in the context of the Solv<span class=\"_ _0\"></span>ency II SCR.<span class=\"_ _2\"></span> The Gr<span class=\"_ _c\"></span>oup aims to r<span class=\"_ _0\"></span>etain suf<span class=\"_ _c\"></span>ficient capital such that in all r<span class=\"_ _c\"></span>easonably for<span class=\"_ _0\"></span>eseeable scenarios,<span class=\"_ _2\"></span> it will hold r<span class=\"_ _c\"></span>egulatory capital in excess of its SCR.<span class=\"_ _b\"></span> The Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors currently consider that this is ac<span class=\"_ _0\"></span>hiev<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough maintaining a r<span class=\"_ _c\"></span>egulatory capital surplus of 140% t<span class=\"_ _c\"></span>o 160%.<span class=\"_ _2\"></span> As at 31 December<span class=\"_ _0\"></span> 2025,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup holds significant excess Solv<span class=\"_ _0\"></span>ency II capital.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s IFRS capital comprised:<span class=\"_ _2d8\"> </span><table class=\"s w141 h6c\" id=\"_64ee9cdc-fbb4-4834-8a79-b7e5c179e803\"><tr><td></td><td class=\"t m0 x323 h29 y2553 ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x1d6 y2555 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2555 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y2556 wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2556 wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2557 w142 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>e capital</div></td><td class=\"c n x326 y2557 w143 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span>2<span class=\"_ _8\"></span>47\ue01d</div></td><td></td><td class=\"c n x327 y2557 w144 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>25<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2558 wa3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Own shar<span class=\"_ _0\"></span>es</div></td><td class=\"c n x328 y2558 w145 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>35<span class=\"_ _8\"></span>4)<span class=\"_ _7f\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x329 y2558 w146 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">(<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2559 wa7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Merger r<span class=\"_ _c\"></span>eserve</div></td><td class=\"c n x32a y2559 w147 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>48<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x32b y2559 w148 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\">,525\ue01d</div></td><td class=\"c n x32c y2559 w149 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>48,525\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255a wa9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">FV<span class=\"_ _c\"></span>OCI reserve</div></td><td></td><td class=\"c n x32d y255a w14a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1a3\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10c\"> </span></span></div></td><td class=\"c n x32e y255a wd4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs41\"> </span>(3<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b wac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance/Reinsur<span class=\"_ _0\"></span>ance finance r<span class=\"_ _0\"></span>eserve</div></td><td></td><td class=\"c n x32f y255b w14b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x330 y255b w14c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls9b ws9f\"><span class=\"_ gs41\"> </span>3<span class=\"_ _0\"></span>,606<span class=\"_ _c\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w14d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>e-based payments r<span class=\"_ _0\"></span>eserve</div></td><td></td><td class=\"c n x331 y255d w14e h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3,495<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></span><span class=\"lsc5 wsce\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x332 y255c w14f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">2,62<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w150 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Retained earnings</div></td><td class=\"c n x333 y24bb w151 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2</div></td><td class=\"c n x334 y24bb w152 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>206,484\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x335 y24bb w153 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">09<span class=\"_ _c\"></span>,521\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w154 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _1a5\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x336 y24bc w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>258,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x337 y24bc w156 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">2<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span></div></td><td class=\"c n x338 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls25 ws27\"><span class=\"ff4 ls0 ws0\">6</span></span><span class=\"ls25 ws27\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table>The Solv<span class=\"_ _0\"></span>ency II position of the Gr<span class=\"_ _0\"></span>oup both befor<span class=\"_ _c\"></span>e and after pr<span class=\"_ _c\"></span>oposed final dividend is given below:<span class=\"_ _2d8\"> </span><table class=\"s w158 h6e\" id=\"_78c374c8-3787-40c9-bc5a-18c80359bb99\"><tr><td></td><td></td><td></td><td class=\"t m0 x323 h29 y255e ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"c n x1d6 y255f w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y255f w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x324 y2560 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2560 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2561 w159 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al tier 1 capital \u2013 pr<span class=\"_ _c\"></span>e-dividend</div></td><td class=\"c n x339 y2561 w15a h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>1<span class=\"_ _2\"></span>33,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33a y2561 w15b h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\">080\ue01d</div></td><td class=\"c n x33b y2561 w15c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33c y2561 w15d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">34,695\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w15e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">SCR</div></td><td class=\"c n x33d y2562 w15f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>66,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33e y2562 w160 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lscf wsda\">986\ue01d<span class=\"_ _124\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x33f y2562 w161 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">6<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,19<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w162 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">So<span class=\"_ _1\"></span>lven<span class=\"_ _1\"></span>cy covera<span class=\"_ _1\"></span>ge ra<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>o (%<span class=\"_ _c\"></span>) \u2013 p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>div<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nd<span class=\"_ _1a7\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x340 y24cd w163 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x341 y24bc w164 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">216<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table><table class=\"s w165 h6f\" id=\"_bc9b4002-6fe1-4ea4-8fea-acac24250a4a\"><tr><td></td><td></td><td></td><td class=\"t m0 x323 h29 y2563 ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"c n x1d6 y2564 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2564 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x324 y2565 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2565 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2566 w159 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al tier 1 capital \u2013 pr<span class=\"_ _c\"></span>e-dividend</div></td><td class=\"c n x339 y2566 w15a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>1<span class=\"_ _2\"></span>33,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33a y2566 w15b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\">080\ue01d</div></td><td class=\"c n x33b y2566 w15c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33c y2566 w15d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">34,695\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2567 w166 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Less:<span class=\"_ _c\"></span> Final dividend declar<span class=\"_ _0\"></span>ed</div></td><td class=\"c n x342 y2567 w167 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>07)<span class=\"_ _a\"> </span><span class=\"ff4 lsc7 wsd0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x343 y2567 w168 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\">(28,2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w169 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al tier 1 capital \u2013 post-dividend</div></td><td class=\"c n x344 y2568 w16a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _f\"> </span><span class=\"ff2 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>8<span class=\"_ _8\"></span>,17<span class=\"_ _8\"></span>3</span></div></td><td></td><td class=\"c n x345 y2569 w16b h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _110\"> </span></span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"c n x1de y2562 w15e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">SCR</div></td><td class=\"c n x33d y2562 w15f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>66,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x33e y2562 w160 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lscf wsda\">986\ue01d<span class=\"_ _124\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x33f y2562 w161 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">6<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,19<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w16c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">So<span class=\"_ _1\"></span>lven<span class=\"_ _1\"></span>cy covera<span class=\"_ _1\"></span>ge ra<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>o (%<span class=\"_ _c\"></span>)<span class=\"_ _1a8\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x346 y24cd w16d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls9a ws9e\">161.<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span><span class=\"ff4 ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x347 y24bc w16e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls49 ws49\">17<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.1<span class=\"_ _1\"></span>%<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able sets out a r<span class=\"_ _0\"></span>econciliation between IFRS net assets and Solv<span class=\"_ _0\"></span>ency II net assets befor<span class=\"_ _c\"></span>e proposed final dividend:<span class=\"_ _2d8\"> </span><table class=\"s w16f h70\" id=\"_417bcdab-8290-4ca1-a01c-3ec2e6c1c861\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x323 h29 y256a ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"c n x1d6 y256b w14 h71\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x1d7 y256b w14 h71\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x324 y256c wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x325 y256c wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y256d w154 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">IFRS net assets<span class=\"_ _1a9\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x337 y256d w156 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">2<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span></div></td><td></td><td class=\"c n x336 y256d w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>258,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x338 y256d w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y256e w170 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff22 fs7 fc2 sc0 ls0 ws0\">Less:<span class=\"ff4\"> Goodwill</span></div></td><td class=\"c n x348 y256e w171 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws57\"><span class=\"_ gs102\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>5<span class=\"_ _1\"></span>6,27<span class=\"_ _0\"></span>9)</div></td><td></td><td class=\"c n x349 y256e w172 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>56,279)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y256f w173 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls89 ws33\">Ad<span class=\"_ _0\"></span>justed<span class=\"_ _c\"></span> IFRS net<span class=\"_ _0\"></span> assets</div></td><td></td><td class=\"c n x34a y256f w174 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x34b y2570 w175 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">01,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"ff4 ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x34c y256f w176 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>67<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2571 w177 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Remov<span class=\"_ _c\"></span>e IFRS liability:<span class=\"_ _c\"></span> Liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage (unearned pr<span class=\"_ _c\"></span>emium element)</div></td><td class=\"c n x34d y2571 w178 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1ab\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>6\ue01d</span></div></td><td></td><td class=\"c n x34e y2571 w179 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x34f y2571 w17a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">,245\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2572 w17b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Remov<span class=\"_ _c\"></span>e IFRS asset:<span class=\"_ _c\"></span> Insurance acquisition cash flo<span class=\"_ _0\"></span>w asset</div></td><td class=\"c n x350 y2572 w17c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws57\"><span class=\"_ gs102\"> </span>(7<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>789)<span class=\"_ _45\"> </span><span class=\"ff4 ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x351 y2572 w17d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls55 ws58\">(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>472<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2573 w17e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Remov<span class=\"_ _c\"></span>e IFRS liability:<span class=\"_ _c\"></span> Risk adjustment</div></td><td></td><td class=\"c n x352 y2574 w17f h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1ad\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span></span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x353 y2573 w180 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2566 w181 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Add Solvency II liability:<span class=\"_ _2\"></span> Risk margin<span class=\"_ _1ae\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x354 y2566 w182 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">(<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>4<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _7f\"> </span></span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x1fa y2566 w183 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">(6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2575 w184 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Add Solvency II liability:<span class=\"_ _2\"></span> Premium pr<span class=\"_ _c\"></span>ovision</div></td><td class=\"c n x355 y2575 w185 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1af\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>76)</span></div></td><td></td><td class=\"c n x356 y2575 w186 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _c\"></span>4<span class=\"_ _1\"></span>,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w187 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Changes in valuation dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ences of t<span class=\"_ _0\"></span>echnical r<span class=\"_ _0\"></span>eserves between IFRS and Solv<span class=\"_ _0\"></span>ency II</div></td><td class=\"c n x357 y2568 w188 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b0\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>)<span class=\"_ _8b\"> </span></span><span class=\"ls95 ws99\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x358 y2568 w189 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls95 ws99\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w18a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 ws0\">Ch<span class=\"_ _1\"></span>ang<span class=\"_ _1\"></span>e in d<span class=\"_ _1\"></span>efer<span class=\"_ _1\"></span>red t<span class=\"_ _1\"></span>ax li<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>y du<span class=\"_ _1\"></span>e to di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fere<span class=\"_ _1\"></span>nce i<span class=\"_ _1\"></span>n net a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et po<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n<span class=\"_ _1b1\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x359 y2562 w18b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">(10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _e4\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x35a y2562 w18c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>10<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>76)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w18d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls89 ws33\">Solv<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y II<span class=\"_ _0\"></span> net<span class=\"_ _0\"></span> assets<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x35b y24bc w18e h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb1 wsb9\">,080<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span></div></td><td class=\"c n x35c y24bc w18f h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>1<span class=\"_ _2\"></span>33</div></td><td></td><td class=\"c n x35d y24bc w190 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3</div></td><td class=\"c n x35e y24bc w191 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls89 ws33\"><span class=\"lsb1 wsb9\"><span class=\"ff4 ls93 ws97\">4,695</span></span><span class=\"lsb1 wsb9\"><span class=\"ff4 ls93 ws97\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table>The adjustments set out in the abo<span class=\"_ _0\"></span>ve t<span class=\"_ _0\"></span>able hav<span class=\"_ _0\"></span>e been made for the f<span class=\"_ _c\"></span>ollowing reasons: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Adjust<span class=\"_ _0\"></span>ed IFRS net assets:<span class=\"ff4\"> Equals Gr<span class=\"_ _0\"></span>oup net assets on an IFRS basis,<span class=\"_ _2\"></span> less Goodwill.</span></span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Remo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al of liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage and insurance acquisition cash flo<span class=\"_ _c\"></span>w asset:<span class=\"ff4\"> Liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage is not tr<span class=\"_ _c\"></span>eated as </span></span>a liability under Solvency II. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Remo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al of insurance acquisition cash flo<span class=\"_ _0\"></span>w asset:<span class=\"ff4\"> Insur<span class=\"_ _0\"></span>ance acquisition cash flow asset is not def<span class=\"_ _c\"></span>erred under Solv<span class=\"_ _0\"></span>ency II.</span></span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Remo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al of IFRS risk adjustment:<span class=\"ff4\"> Solvency II risk mar<span class=\"_ _0\"></span>gin r<span class=\"_ _0\"></span>eplaces IFRS risk adjustment.</span></span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Addition of Solv<span class=\"_ _0\"></span>ency II risk margin:<span class=\"ff4\"> <span class=\"_ _2\"></span>The Solv<span class=\"_ _0\"></span>ency II risk margin r<span class=\"_ _c\"></span>epresents the pr<span class=\"_ _c\"></span>emium that would be r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed wer<span class=\"_ _c\"></span>e the Group t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ansfer </span></span>its tec<span class=\"_ _0\"></span>hnical pr<span class=\"_ _0\"></span>ovisions t<span class=\"_ _c\"></span>o a third party<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and essentially reflects the SCR r<span class=\"_ _c\"></span>equired t<span class=\"_ _c\"></span>o cover run-of<span class=\"_ _c\"></span>f of claims on existing business.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This amount is calculated b<span class=\"_ _c\"></span>y the Group thr<span class=\"_ _c\"></span>ough modelling the discounted SCR on a pr<span class=\"_ _c\"></span>ojected futur<span class=\"_ _0\"></span>e balance sheet for each y<span class=\"_ _c\"></span>ear of claims run-off<span class=\"_ _c\"></span>. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Addition of Solv<span class=\"_ _0\"></span>ency II pr<span class=\"_ _0\"></span>emium pro<span class=\"_ _c\"></span>vision:<span class=\"ff4\"> A pr<span class=\"_ _c\"></span>emium reserve r<span class=\"_ _c\"></span>eflecting the future cash flo<span class=\"_ _c\"></span>ws in respect of insur<span class=\"_ _c\"></span>ance contracts is </span></span>calculated and this m<span class=\"_ _c\"></span>ust be discounted under Solvency II. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Changes in v<span class=\"_ _0\"></span>aluation diff<span class=\"_ _0\"></span>erences:<span class=\"ff4\"> <span class=\"_ _2\"></span>V<span class=\"_ _c\"></span>aluation dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ences of technical dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ences between IFRS 17 and Solv<span class=\"_ _0\"></span>ency II,<span class=\"_ _2\"></span> including discounting.</span></span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Change in def<span class=\"_ _0\"></span>erred t<span class=\"_ _0\"></span>ax:<span class=\"_ _c\"></span> <span class=\"ff4\">As the move t<span class=\"_ _c\"></span>o a Solvency II basis balance sheet incr<span class=\"_ _0\"></span>eases the net asset position of the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _2\"></span> a def<span class=\"_ _c\"></span>erred t<span class=\"_ _0\"></span>ax </span></span>liability is gener<span class=\"_ _0\"></span>ated t<span class=\"_ _c\"></span>o offset the incr<span class=\"_ _c\"></span>ease.<span class=\"_ _2d8\"> </span>Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc\u2019<span class=\"_ _2\"></span>s SCR,<span class=\"_ _2\"></span> expressed on a risk module basis<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> is set out in the follo<span class=\"_ _c\"></span>wing table:<span class=\"_ _2d8\"> </span><table class=\"s w192 h72\" id=\"_920e12a9-e7e0-47e1-98e9-4f0a32bada33\"><tr><td></td><td></td><td class=\"t m0 x323 h29 y2576 ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x1d6 y2577 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2577 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x324 y2578 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2578 wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2579 w193 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk</div></td><td class=\"c n x35f y2579 w194 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b3\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,14<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span></div></td><td class=\"c n x360 y2579 w1d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,289\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y257a w195 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Equity risk</div></td><td class=\"c n x361 y257a we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x362 y257a wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y257b w196 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>operty risk</div></td><td class=\"c n x363 y257b w197 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>90<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td></td><td class=\"c n x364 y257b w198 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>90<span class=\"_ _8\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y257c w199 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Spr<span class=\"_ _0\"></span>ead risk</div></td><td class=\"c n x365 y257d w19a h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls14 ws18\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>691<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x366 y257c w19b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y256d w19c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ency risk</div></td><td class=\"c n x367 y256d w19d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7d ws7c\"><span class=\"_ gs102\"> </span>888<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td></td><td class=\"c n x368 y256d w144 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>84\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y257e w19e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Concentr<span class=\"_ _0\"></span>ation risk</div></td><td class=\"c n x369 y257e we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x36a y257e wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y256f w19f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corr<span class=\"_ _0\"></span>elation impact</div></td><td class=\"c n x36b y256f w1a0 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsc8 wsd1\"><span class=\"_ gs102\"> </span>(3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>2)<span class=\"_ _70\"> </span></span><span class=\"ls50 ws52\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x36c y256f w1a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2571 w1a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mark<span class=\"_ _0\"></span>et risk<span class=\"_ _1ba\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x36d y2571 w1a3 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></div></td><td class=\"c n x36e y2571 w1a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>6,65<span class=\"_ _1\"></span>6\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2572 w1a5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Counterparty risk</div></td><td class=\"c n x36f y2572 w1a6 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 wsde\"><span class=\"_ gs102\"> </span>4,333\ue01d</div></td><td class=\"c n x370 y2572 w1a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>3,325\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2573 w1a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Underwriting risk</div></td><td class=\"c n x371 y2573 w1a9 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7e ws56\"><span class=\"_ gs102\"> </span>7<span class=\"_ _c\"></span>0,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x372 y2573 w1aa h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7e ws56\">928\ue01d</div></td><td class=\"c n x373 y2573 w1ab h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>68,0<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x374 y2573 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2566 w1ac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corr<span class=\"_ _0\"></span>elation impact<span class=\"_ _1bc\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x375 y2566 w1ad h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsed wsff\">(<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>)<span class=\"_ _43\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x370 y2566 w1ae h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>78<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2575 w1af h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls1d ws31\">Basic SCR<span class=\"_ _1bd\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x376 y257f w1b0 h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa7 wsab\">74<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7f\"> </span><span class=\"ff4 ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x377 y2575 w1b1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">7<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>314<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w1b2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Oper<span class=\"_ _0\"></span>ating risk</div></td><td class=\"c n x378 y2568 w1b3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b3\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,75<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span></div></td><td class=\"c n x379 y2568 w1b4 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w1b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Loss-absorbing ef<span class=\"_ _c\"></span>fect of def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax<span class=\"_ _c\"></span>es</div></td><td class=\"c n x37a y2562 w1b6 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1be\"> </span><span class=\"ff2 lsa7 wsab\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x37b y2562 w1b7 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _2\"></span>7<span class=\"_ _c\"></span>,829)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w1b8 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls1d ws31\">T<span class=\"_ _c\"></span>otal SCR</div></td><td class=\"c n x37c y24bc w1b9 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>66,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x37d y24bc w1ba h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lscf wsda\">986\ue01d<span class=\"_ _124\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x37e y24bc w1bb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">6<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs11b\">The t<span class=\"_ _0\"></span>otal SCR is primarily driv<span class=\"_ _c\"></span>en by the underwriting risk element,<span class=\"_ _2\"></span> which is a function of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s net earned premium (or pr<span class=\"_ _c\"></span>ojected net<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs11c\">earned pr<span class=\"_ _0\"></span>emium) and the lev<span class=\"_ _0\"></span>el of r<span class=\"_ _0\"></span>eserves held.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Theref<span class=\"_ _c\"></span>ore,<span class=\"_ _2\"></span> the SCR is br<span class=\"_ _c\"></span>oadly driven by the size of the business<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs11d\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s capital management objectiv<span class=\"_ _c\"></span>es are:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs11e\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>T<span class=\"_ _2\"></span>o ensure that the Gr<span class=\"_ _c\"></span>oup will be able to continue as a going concern<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs11f\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>T<span class=\"_ _2\"></span>o maximise the income and capital r<span class=\"_ _0\"></span>eturn t<span class=\"_ _0\"></span>o its equity<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs120\">The Boar<span class=\"_ _0\"></span>d monitors and r<span class=\"_ _c\"></span>eviews the br<span class=\"_ _c\"></span>oad structure of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s capit<span class=\"_ _0\"></span>al on an ongoing basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This re<span class=\"_ _0\"></span>view includes consider<span class=\"_ _c\"></span>ation of the<span class=\"_ _2d8\"> </span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs121\">ext<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>o which r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue in excess of that which is r<span class=\"_ _c\"></span>equired t<span class=\"_ _c\"></span>o be distributed should be r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ained.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs122\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s objectives,<span class=\"_ _b\"></span> policies and processes f<span class=\"_ _0\"></span>or managing capital ha<span class=\"_ _0\"></span>ve not changed during the y<span class=\"_ _c\"></span>ear<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc7 sc0 ls1d ws1f gs350\">RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs351\">Refer t<span class=\"_ _c\"></span>o the following not<span class=\"_ _c\"></span>es for det<span class=\"_ _0\"></span>ail on risks r<span class=\"_ _0\"></span>elating to financial assets:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs352\">Inv<span class=\"_ _c\"></span>estment concentration risk \u2013 Not<span class=\"_ _c\"></span>e 4.2.1<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs353\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk \u2013 Not<span class=\"_ _c\"></span>e 4.2.2<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs354\">Cr<span class=\"_ _0\"></span>edit risk \u2013 Note 4.4<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs355\">Liquidity risk \u2013 Note 6<span class=\"_ _2d8\"> </span></div>4.2.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. Inv<span class=\"_ _c\"></span>es<span class=\"_ _1\"></span>tment<span class=\"_ _0\"></span> concentration<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span>Excessive e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to particular industry sectors or gr<span class=\"_ _c\"></span>oups can give rise to concentr<span class=\"_ _c\"></span>ation risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup has no significant investment concentr<span class=\"_ _0\"></span>ation in an<span class=\"_ _0\"></span>y par<span class=\"_ _1\"></span>ticular industrial sect<span class=\"_ _0\"></span>or and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is unlikely t<span class=\"_ _c\"></span>o suff<span class=\"_ _0\"></span>er significant losses thr<span class=\"_ _0\"></span>ough its inv<span class=\"_ _0\"></span>estment portfolio as a r<span class=\"_ _0\"></span>esult of ov<span class=\"_ _c\"></span>er-e<span class=\"_ _0\"></span>xposure t<span class=\"_ _c\"></span>o sectors engaged in similar activities or which hav<span class=\"_ _c\"></span>e similar economic featur<span class=\"_ _0\"></span>es that would cause their ability t<span class=\"_ _0\"></span>o meet contr<span class=\"_ _0\"></span>actual obligations to be similarly af<span class=\"_ _c\"></span>fect<span class=\"_ _0\"></span>ed by changes in economic<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> political or other conditions.<span class=\"_ _2d8\"> </span>A significant part of the Group\u2019<span class=\"_ _2\"></span>s inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio consists primarily of UK go<span class=\"_ _0\"></span>vernment bonds and go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed bonds;<span class=\"_ _c\"></span> ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the risk of gov<span class=\"_ _c\"></span>ernment default does exist,<span class=\"_ _2\"></span> how<span class=\"_ _c\"></span>ever<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the likelihood is extr<span class=\"_ _c\"></span>emely remot<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The r<span class=\"_ _0\"></span>emainder of the portfolio consists of inv<span class=\"_ _c\"></span>estment gr<span class=\"_ _0\"></span>ade corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group contin<span class=\"_ _0\"></span>ues to monit<span class=\"_ _c\"></span>or the strength and security of all bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not have dir<span class=\"_ _0\"></span>ect exposur<span class=\"_ _c\"></span>e to Ukr<span class=\"_ _0\"></span>ainian and Russian assets.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s exposur<span class=\"_ _0\"></span>e by geogr<span class=\"_ _c\"></span>aphical area is outlined belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w47a h88\" id=\"_db501ebe-45f0-4a4c-90fe-f37fefe0e388\"><tr><td></td><td></td><td></td><td class=\"t m0 x6d3 h29 y2689 ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment-<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x5ce h29 y268a ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment </td><td></td><td class=\"t m0 x6d4 h29 y268b ff2 fs22 fc2 sc0 ls0 ws0\">back<span class=\"_ _0\"></span>ed </td><td class=\"t m0 x642 h29 y268b ff2 fs22 fc2 sc0 ls0 ws0\">Corporat<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6d5 h29 y268c ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x6d6 h29 y268d ff2 fs22 fc2 sc0 ls0 ws0\">securities<span class=\"_ _2d8\"> </span></td><td class=\"c n x6d7 y268e w198 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d8 y268e w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y268f w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5d9 y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y268f w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d9 y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6da y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6db y268f w46b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2690 w47b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">United Kingdom</div></td><td class=\"c n x6dc y2691 w47c h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _ef\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x6dd y2691 w47d h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6de y2691 w47e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x6df y2690 w47f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">1<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span></div></td><td></td><td class=\"c n x6e0 y2690 w480 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf8 ws10e\">4<span class=\"_ _8\"></span>7.1<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2692 w164 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eur<span class=\"_ _0\"></span>ope</div></td><td class=\"c n x6e1 y2692 w481 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6e2 y2693 w482 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa7 wsab\">61,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e3 y2692 w483 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">4<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,3<span class=\"_ _1\"></span>71\ue01d<span class=\"_ _4c\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e4 y2692 w484 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"> </span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td class=\"c n x6e5 y2692 w485 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">32<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2694 w486 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Northern America</div></td><td class=\"c n x6e6 y2694 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6e7 y2694 w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>25<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6e8 y2694 w487 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">,26<span class=\"_ _1\"></span>5\ue01d<span class=\"_ _70\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e9 y2694 w488 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span></div></td><td class=\"c n x6ea y2694 w489 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6eb y2694 w48a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>377<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x6ec y2694 w48b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb6 wsbe\">14<span class=\"_ _8\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2695 w48c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oceania</div></td><td class=\"c n x6e6 y2695 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x6ed y2695 w48d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6ee y2696 w48e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>018<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x6ef y2695 w48f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>018<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _144\"> </span></div></td><td class=\"c n x6f0 y2695 w490 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls96 ws9a\">1.<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2697 w491 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Asia</div></td><td class=\"c n x6f1 y2697 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6f2 y2697 w492 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6f3 y2698 w493 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6f4 y2698 w494 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\">2<span class=\"_ _8\"></span>,12<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6f5 y2697 w2dd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _144\"> </span></div></td><td class=\"c n x6f6 y2697 w495 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w496 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _f2\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6f7 y2522 w497 h89\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6f8 y24bc w498 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _85\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x6f9 y24bc w499 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7\ue01d<span class=\"_ _69\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6fa y24bc w49a h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span></div></td><td class=\"c n x6fb y24bc w49b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w49c h8a\" id=\"_3426fefe-6da9-4720-93f1-e9409597b853\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x6d3 h29 y2699 ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment-<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5ce h29 y269a ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment </td><td></td><td class=\"t m0 x6d4 h29 y269b ff2 fs22 fc2 sc0 ls0 ws0\">back<span class=\"_ _0\"></span>ed </td><td></td><td class=\"t m0 x642 h29 y269b ff2 fs22 fc2 sc0 ls0 ws0\">Corporat<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x6d5 h29 y269c ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x6d6 h29 y269d ff2 fs22 fc2 sc0 ls0 ws0\">securities<span class=\"_ _2d8\"> </span></td><td></td><td class=\"c n x6d7 y269e w198 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6d8 y269e w37d h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y269f w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5d9 y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y269f w280 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6d9 y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6da y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6db y269f w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2559 w47b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">United Kingdom</div></td><td class=\"c n x6fc y2559 w49d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6fd y2559 w49e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e<span class=\"_ _8b\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6fe y2559 w49f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\">3,03<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _7f\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x69d y26a0 w4a0 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,18<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6ff y2559 w4a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _8a\"> </span></div></td><td></td><td class=\"c n x700 y2559 we2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf9 ws10f\">4<span class=\"_ _8\"></span>7.<span class=\"_ _1a\"> </span>2<span class=\"_ _1a\"> </span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255a w164 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Eur<span class=\"_ _0\"></span>ope</div></td><td></td><td class=\"c n x6e1 y255a w4a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x701 y255a w4a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">59,277\ue01e</div></td><td></td><td class=\"c n x702 y255a w4a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ _124\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></span></div></td><td></td><td class=\"c n x703 y255a w4a5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x704 y255a w4a6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">6,<span class=\"_ _1\"></span>279\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x441 y255a w4a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd2 wsdf\">3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w486 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 wsb0\">Northern America</div></td><td></td><td class=\"c n x6e6 y255b wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x705 y255b w4a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,<span class=\"_ _0\"></span>7<span class=\"_ _c\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3fa y255b w4a9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _124\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x706 y255b w4aa h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></div></td><td></td><td></td><td class=\"c n x707 y255b w18 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>45,624\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x708 y255b w4ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w48c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Oceania</div></td><td></td><td class=\"c n x6e6 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x709 y255c w4ac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x70a y26a1 w4ad h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a8\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x70b y255c w451 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _62\"> </span></div></td><td class=\"c n x70c y255c w4ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsfa ws110\">1.<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w491 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Asia</div></td><td></td><td class=\"c n x6f1 y24bb w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x70d y24bb w4af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x70e y24bb w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e</div></td><td class=\"c n x70f y24bb w4b0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>2,0<span class=\"_ _1\"></span>99</div></td><td></td><td></td><td class=\"c n x710 y26a2 w4b1 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>17,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _62\"> </span></span></div></td><td class=\"c n x711 y24bb w4b2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsaa wsb1\">5<span class=\"_ _1\"></span>.6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x712 y24bc w4b3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x713 y24bc w2a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e</div></td><td class=\"c n x714 y24bc w4b4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\"><span class=\"_ gs41\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x715 y24bc w4b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span></div></td><td></td><td class=\"c n x716 y24bc w2ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x717 y24bc w2af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td></td><td class=\"c n x718 y24bc w4b6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _4e\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span></span></div></td><td class=\"c n x719 y24bc w479 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">100.0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s exposur<span class=\"_ _0\"></span>e by in<span class=\"_ _c\"></span>vestment type for go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed securities and corpor<span class=\"_ _0\"></span>ate bonds is outlined belo<span class=\"_ _c\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w4b7 h8b\" id=\"_c563fb14-7eba-498b-a97f-d73f9d97ed3d\"><tr><td></td><td></td><td class=\"c n x71a y26a3 w4b8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Agency<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71b y26a3 w4b9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Supranational<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71c y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71f y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td class=\"c n x720 y24bb w4ba h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>38<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x721 y24bb w4bb h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\">,0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _73\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x722 y24bb w4bc h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls62 ws64\">62<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x723 y24bb w4bd h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x724 y24bb w4be h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _230\"> </span><span class=\"ff2 lsf8 ws10e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x725 y24bc w4c0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf8 ws10e\">3<span class=\"_ _1\"></span>7.<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span>%<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></div></td><td class=\"c n x726 y24bc w4c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2%\ue01d</div></td><td></td><td class=\"c n x727 y24bc w4c2 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w4c3 h8b\" id=\"_991781a4-ee5a-4b98-b4d2-eab8a731b796\"><tr><td></td><td></td><td class=\"c n x3ba y26a3 w4c4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Financial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x728 y26a3 w4c5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Industrial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x729 y26a3 w4c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Utilities<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72a y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72c y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td class=\"c n x72f y24bb w4c7 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x730 y24bb w4c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></div></td><td class=\"c n x731 y24bb w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x732 y24bb w4c9 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">,23<span class=\"_ _1\"></span>5\ue01d</div></td><td class=\"c n x733 y24bb w4ca h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x734 y26a5 w4cb h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x735 y24bb w4cc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x736 y24bc w4ce h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x737 y24bc w4cf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsad ws57\">34<span class=\"_ _1\"></span>.2%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x738 y24bc w387 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x739 y24bc w4d0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w4d1 h8b\" id=\"_db5c2672-4277-4f2f-944a-28c667c4b120\"><tr><td></td><td class=\"c n x71a y26a3 w4b8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Agency<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71b y26a3 w4b9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Supranational<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71c y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71f y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w4d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _233\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x73a y24bb w4d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x73b y24bb w4d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>59<span class=\"_ _c\"></span>,3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x73c y24bb w4d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">46\ue01e<span class=\"_ _4c\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x73d y24bb w4d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x73e y24bc w4d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">42<span class=\"_ _1\"></span>.5%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x73f y24bc we2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf9 ws10f\">5<span class=\"_ _1a\"></span>7.<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x740 y24bc w4d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls18 ws1b\">1<span class=\"_ _c\"></span>0<span class=\"_ _8\"></span>0.0%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w4d9 h8c\" id=\"_526b2e5c-634c-4249-af68-dc702772d3ac\"><tr><td></td><td class=\"c n x3ba y26a6 w4c4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Financial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x728 y26a6 w4c5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Industrial<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x729 y26a6 w4c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Utilities<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72a y26a6 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a7 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y26a7 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72c y26a7 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26a7 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72e y26a7 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a8 w4da h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _234\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x741 y26a8 w4db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">5<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x742 y26a8 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>38,87<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x743 y26a8 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">3\ue01e</div></td><td class=\"c n x744 y26a8 w9b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4,5<span class=\"_ _1\"></span>53\ue01e</div></td><td class=\"c n x745 y26a8 w2ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x746 y26a8 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x747 y24bc w4dc h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">5<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>3%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x748 y24bc w4dd h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd2 wsdf\">4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x749 y24bc w4de h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\">4.8%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x74a y24bc w4df h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0.0%<span class=\"_ _2d8\"> </span></div></td></tr></table>4.<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2. I<span class=\"_ _1\"></span>ntere<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk is the risk that the v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash flows of a financial instrument will fluctuat<span class=\"_ _c\"></span>e because of changes in market int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.<span class=\"_ _2\"></span> Floating r<span class=\"_ _0\"></span>ate instruments e<span class=\"_ _0\"></span>xpose the Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>o cash flow int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est risk,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eas fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments expose the Gr<span class=\"_ _c\"></span>oup to f<span class=\"_ _0\"></span>air value inter<span class=\"_ _c\"></span>est risk.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s inter<span class=\"_ _c\"></span>est risk policy requir<span class=\"_ _c\"></span>es it to manage the maturities of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est-bearing financial assets and inter<span class=\"_ _c\"></span>est-bearing financial liabilities.<span class=\"_ _2\"></span> Inter<span class=\"_ _c\"></span>est on fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments is priced at inception of the financial instrument and is fixed until maturity<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has a concentration of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate risk in UK go<span class=\"_ _c\"></span>vernment bonds and other fixed-income securities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The analysis that f<span class=\"_ _0\"></span>ollows is perf<span class=\"_ _0\"></span>ormed for r<span class=\"_ _c\"></span>easonably possible mov<span class=\"_ _0\"></span>ements in ke<span class=\"_ _c\"></span>y variables with all other variables held const<span class=\"_ _c\"></span>ant,<span class=\"_ _2\"></span> showing the impact on pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _c\"></span>e tax and equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The corr<span class=\"_ _0\"></span>elation of variables will ha<span class=\"_ _0\"></span>ve a significant ef<span class=\"_ _c\"></span>fect in det<span class=\"_ _0\"></span>ermining the ultimate impact on int<span class=\"_ _c\"></span>erest r<span class=\"_ _0\"></span>ate risk,<span class=\"_ _b\"></span> but to demonstr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the impact due to changes in v<span class=\"_ _c\"></span>ariables,<span class=\"_ _2\"></span> variables had t<span class=\"_ _0\"></span>o be changed on an individual basis.<span class=\"_ _2\"></span> It should be not<span class=\"_ _c\"></span>ed that mov<span class=\"_ _c\"></span>ements in these variables ar<span class=\"_ _0\"></span>e non-linear<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>The impact of an<span class=\"_ _0\"></span>y mov<span class=\"_ _c\"></span>ement in market v<span class=\"_ _0\"></span>alues,<span class=\"_ _2\"></span> such as those caused by c<span class=\"_ _0\"></span>hanges in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> is tak<span class=\"_ _c\"></span>en through Other Compr<span class=\"_ _c\"></span>ehensive Income and has no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _c\"></span>ax.<span class=\"_ _2d8\"> </span><table class=\"s w4e0 h8d\" id=\"_2882775b-4569-401f-b9d9-130f218fdade\"><tr><td></td><td></td><td class=\"c n x74b y26a9 w4e1 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74c y26a9 w4e2 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in t<span class=\"_ _0\"></span>otal equity<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x74d y26aa w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74e y26aa w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74f y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x750 y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ab w4e3 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x751 y26ab w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x752 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x753 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x754 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26ac ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 100-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bb w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bb w4e5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>378)</span></div></td><td class=\"c n x758 y24bb w4e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(3,250)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 200-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bc w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bc w4e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x759 y24bc w4e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>6,<span class=\"_ _1\"></span>499)<span class=\"_ _2d8\"> </span></div></td></tr></table>4<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>. CR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span>PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span>risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d). <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span>r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span>lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span>APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span>ECL allow<span class=\"_ _0\"></span>ance on day one. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span>ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs404\">Exposure by<span class=\"_ _0\"></span> credit rating<span class=\"_ _2d8\"> </span></div><div class=\"gs29b\"><table class=\"s w4ff h8e\" id=\"_715d6525-4614-4372-aa67-cdf6fa9cb34e\"><tr><td></td><td></td><td class=\"c n x603 y26b1 w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y26b1 w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x605 y26b1 w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x606 y26b1 w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y26b1 w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y26b1 w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y26b1 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b2 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x76f y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x770 y26b2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26b2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x772 y26b2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b3 w500 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds</div></td><td></td><td class=\"c n x773 y26b3 w243 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x774 y26b3 w501 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>79<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x775 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x776 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x777 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x778 y26b3 w502 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x779 y26b3 w503 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26b4 w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td></td><td class=\"c n x77a y26b4 w504 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _145\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td class=\"c n x77b y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77c y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x77d y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77e y26b4 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77f y26b4 w505 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x780 y26b4 w506 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251d w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x781 y251d w507 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _9b\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,12<span class=\"_ _8\"></span>5</span></div></td><td class=\"c n x782 y26b5 w508 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>21,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x783 y251d w509 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,75<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4e\"> </span></div></td><td></td><td class=\"c n x784 y251d w50a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>,35<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x785 y251d w50b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">0\ue01d</div></td><td class=\"c n x786 y251d we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x787 y251d w2f8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x788 y251d w3e8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25ce w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x620 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x789 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x78a y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x78b y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x78c y25ce w50c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x78d y26b6 w50d h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x78e y25ce w50e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25cf w75 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div></td><td class=\"c n x78f y25cf w50f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x790 y26b7 w510 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x791 y26b7 w511 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls55 ws58\">51<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x792 y25cf w512 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb6 wsbe\">14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>72<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td></td><td></td><td class=\"c n x793 y25cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x794 y25cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x795 y25cf w513 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x796 y25cf w514 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w515 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _23b\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x797 y24bc w516 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>9<span class=\"_ _1a\"></span>4</div></td><td class=\"c n x798 y24cd w517 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>57<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span></div></td><td class=\"c n x799 y24bc w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x79a y24bc w518 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">8,526<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></div></td><td class=\"c n x79b y24bc w147 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x79c y24bc w519 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">,3<span class=\"_ _1\"></span>50\ue01d</div></td><td class=\"c n x79d y24bc w50c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x79e y24cd w51a h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x79f y24bc w2d4 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"gs405\"><table class=\"s w51b h8f\" id=\"_ae8878ef-acfb-4876-ac20-2ca1b9d1f350\"><tr><td></td><td></td><td class=\"c n x603 y269e w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x604 y269e w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x605 y269e w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y269e w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y269e w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y269e w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x609 y269e w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b8 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76e y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76f y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x770 y26b8 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26b8 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26b8 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w500 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds</div></td><td></td><td class=\"c n x773 y26b9 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a0 y26b9 w49d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a1 y26b9 w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e</div></td><td></td><td class=\"c n x7a2 y26b9 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a3 y26b9 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a4 y26b9 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y26b9 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span></div></td><td class=\"c n x780 y26b9 w49d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a6 y26b9 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td class=\"c n x7a7 y26ba w51c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>98,<span class=\"_ _2\"></span>96<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a8 y26ba w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">3\ue01e</div></td><td class=\"c n x7a9 y26ba w88 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4,3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4\ue01e</div></td><td></td><td class=\"c n x7aa y26ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ab y26ba w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ac y26ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ad y26ba w51d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7ae y26ba w51e h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w51f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _2e\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7af y255b w520 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1,12<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x7b0 y255b w521 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7b1 y255b w522 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\">0,0<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _17d\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7b2 y255b w523 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>0</div></td><td class=\"c n x7b3 y26bb w524 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>67<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></span></div></td><td class=\"c n x7a4 y255b wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y255b wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x7b4 y255b w525 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7b5 y255b w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x620 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7b6 y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7b7 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7b8 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7b9 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ba y255c w526 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _ee\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7bb y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w527 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _48\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7bc y24bb w528 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,14<span class=\"_ _1a\"></span>0</div></td><td></td><td class=\"c n x7bd y26bc w529 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _ac\"> </span><span class=\"lsfd ws113\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></span></div></td><td class=\"c n x7be y24bb w52a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7bf y24bb w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">23\ue01e</div></td><td class=\"c n x7c0 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x624 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7c1 y24bb w52b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c2 y24bb w140 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w52c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _23c\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7c3 y26bd w52d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7c4 y24bc w52e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></div></td><td></td><td class=\"c n x7c5 y24bc w52f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>75,393\ue01e<span class=\"_ _124\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c6 y24bc w530 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x7c7 y26bd w531 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"ls3 ws5f\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c8 y24bc wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e</div></td><td class=\"c n x7c9 y24bc w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ca y24bc w532 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">42,530<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs406\">With the exception of r<span class=\"_ _c\"></span>eceivables,<span class=\"_ _2\"></span> all the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>vestment gr<span class=\"_ _c\"></span>ade (AAA to BBB).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls36 ws11 gs407\">Analysis of<span class=\"_ _0\"></span> credit risk<span class=\"_ _0\"></span> and allo<span class=\"_ _0\"></span>wance<span class=\"_ _0\"></span> for ECL<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs408\">The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides an o<span class=\"_ _c\"></span>verview of the allow<span class=\"_ _0\"></span>ance for ECL pr<span class=\"_ _c\"></span>ovided f<span class=\"_ _0\"></span>or on the types of financial assets held by the Gr<span class=\"_ _c\"></span>oup where cr<span class=\"_ _c\"></span>edit </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs409\">risk is pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>alent.<span class=\"_ _2\"></span> </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs40a\">Gross carrying </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs40b\">amount<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs40c\">Allow<span class=\"_ _0\"></span>ance </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs40d\">for ECL<span class=\"_ _7e\"> </span>Net amount<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs40e\">At 31 December 2025<span class=\"_ _22e\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ gs40f\"> </span><span class=\"_ _e9\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs410\">Gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _236\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ad\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>(3)<span class=\"_ _49\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs411\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _23d\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a6\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4)<span class=\"_ _7e\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>713<span class=\"_ gs102\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs412\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _23e\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"lsc8 wsd1\"><span class=\"_ gs102\"> </span>(38)<span class=\"_ _49\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs413\">Receivables<span class=\"_ _160\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs414\">Cash and cash equivalents<span class=\"_ _22c\"> </span><span class=\"ff2 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>475<span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 ls8f ws92 gs415\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _240\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _49\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></span><span class=\"ls55 ws58\"><span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div><div class=\"gs417\"><table class=\"s w533 h90\" id=\"_c79a3053-2f61-4380-98c3-08cee024ca98\"><tr><td></td><td></td><td class=\"t m0 x5d2 h29 y26be ff2 fs22 fc2 sc0 ls0 ws0\">Gross carrying </td><td></td><td class=\"t m0 x242 h29 y26be ff2 fs22 fc2 sc0 ls0 ws0\">Allow<span class=\"_ _0\"></span>ance </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x269 h29 y26bf ff2 fs22 fc2 sc0 ls0 ws0\">amount<span class=\"_ _2d8\"> </span></td><td></td><td class=\"c n x7cb y26c0 w534 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">for ECL<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cc y26c0 w535 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Net amount<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c1 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71d y26c1 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71e y26c1 w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cd y26c1 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c2 w46c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment bonds</div></td><td class=\"c n x7ce y26c2 w536 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cf y26c2 w537 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e<span class=\"_ _ad\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d0 y26c2 w3c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls14 ws18\">(3)<span class=\"_ _4c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7d1 y26c2 w538 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c3 w539 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _25\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d2 y26c4 w53a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _d3\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d3 y26c3 w53b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _1\"></span>)<span class=\"_ _e2\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7d4 y26c3 w53c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>26<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2687 w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x7d5 y2687 w53d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7d6 y2687 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td class=\"c n x7d7 y2687 w53e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>(3<span class=\"_ _1\"></span>5)</div></td><td class=\"c n x7d8 y2687 w17a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7d9 y2687 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td></td><td class=\"c n x7da y255c w4fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e</div></td><td class=\"c n x7db y255c w53f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7dc y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w540 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _190\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7dd y24bb w541 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x7de y24bb w369 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x7df y24bb w469 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td></td><td class=\"c n x7e0 y24bc w542 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>342,53<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7e1 y24bc w543 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _7c\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7e2 y24bc w544 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</div></td><td class=\"c n x7e3 y24bc w545 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7e4 y24bc w546 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">42,<span class=\"_ _1\"></span>48<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div>6. L<span class=\"_ _0\"></span>IQUIDITY RISK<span class=\"_ _2d8\"> </span>Liquidity risk is the potential that obligations cannot be met as the<span class=\"_ _c\"></span>y fall due as a consequence of having a timing mismatch or inability t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>aise suf<span class=\"_ _0\"></span>ficient liquid assets without suff<span class=\"_ _c\"></span>ering a substantial loss on r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group manages its liquidity risk thr<span class=\"_ _c\"></span>ough both ensuring that it holds suf<span class=\"_ _0\"></span>ficient cash and cash equivalent assets t<span class=\"_ _c\"></span>o meet all shor<span class=\"_ _1\"></span>t-term liabilities and matching,<span class=\"_ _b\"></span> as far as possible,<span class=\"_ _2\"></span> the maturity pr<span class=\"_ _0\"></span>ofile of its financial inv<span class=\"_ _c\"></span>estments to the expect<span class=\"_ _c\"></span>ed cash outflows.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able analyses the carrying value of cash and cash equiv<span class=\"_ _0\"></span>alents and financial assets,<span class=\"_ _2\"></span> by contr<span class=\"_ _c\"></span>actual maturity<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> which can fund the r<span class=\"_ _0\"></span>epayment of liabilities as they crystallise<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> It also analyses the undiscounted cash flo<span class=\"_ _0\"></span>ws of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets held,<span class=\"_ _2\"></span> based on the futur<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed cash flows t<span class=\"_ _c\"></span>o be receiv<span class=\"_ _0\"></span>ed in the periods present<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span><table class=\"s w551 h91\" id=\"_1a9c6fb0-6adb-4bac-8ca4-7a08f26ecb59\"><tr><td></td><td></td><td class=\"c n x7eb y26c5 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ec y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ed y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26c5 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26c5 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26c5 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26c6 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y26c6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26c6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26c6 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y26c7 w556 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div><div class=\"t m0 x7f2 h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x7f3 y2558 w467 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f4 y2558 w557 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x7f5 y2558 w419 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7f6 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7f7 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7f8 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x7f9 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x7fa y2558 w558 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7fb y2558 w559 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y251a w55a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _126\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x7fc y251a w109 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>613<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x7fd y251a w55b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7fe y251b w55c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls55 ws58\">,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x7ff y251a w55d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8e ws91\">3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,78<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _47\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x800 y251a w55e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x801 y251a we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x802 y251a w55f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>8,0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _85\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x803 y251a w560 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y251c w561 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _81\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x804 y251c w4b5 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">4<span class=\"_ _8\"></span>7,1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>0</div></td><td class=\"c n x805 y26c8 w562 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x806 y26c8 w563 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\"><span class=\"lsb6 wsbe\">14<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x807 y251c w564 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></div></td><td></td><td class=\"c n x808 y251c w153 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs102\"> </span>8,6<span class=\"_ _0\"></span>29\ue01d</div></td><td class=\"c n x809 y251c w565 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>,782</div></td><td></td><td class=\"c n x80a y26c8 w566 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _2d8\"> </span></span></div></td></tr><tr><td class=\"c n x1de y251d w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x781 y251d w25b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _24f\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></span></div></td><td class=\"c n x80b y251d w567 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>1<span class=\"_ _c\"></span>3,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x80c y251d w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">660\ue01d</div></td><td class=\"c n x80d y251d w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x80e y251d w568 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">0,69<span class=\"_ _1\"></span>9\ue01d<span class=\"_ _45\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x80f y251d w569 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span></div></td><td></td><td class=\"c n x668 y26b5 w56a h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs102\"> </span>9<span class=\"_ _c\"></span>,509<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x810 y251d w56b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x811 y26b5 w56c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25ce w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x812 y25ce w56d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _ae\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td></td><td class=\"c n x813 y25ce wf1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x814 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x815 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x816 y25ce we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x817 y25ce w56e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7b5 y25ce w56f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25cf w82 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets</div></td><td class=\"c n x818 y25cf w570 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs102\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x819 y25cf w571 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\">5,594<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span></div></td><td class=\"c n x81a y25cf w3c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x81b y25cf w572 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8\ue01d<span class=\"_ _73\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x81c y26b7 w573 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>876<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x81d y26b7 w574 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x81e y26b7 w575 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x81f y25cf w576 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">7<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,17<span class=\"_ _8\"></span>0</div></td><td></td><td class=\"c n x820 y26b7 w577 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y24bc w578 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _200\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x821 y24bc w579 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>4</div></td><td></td><td class=\"c n x822 y24cd w57a h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsb0 wsb7\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>94,<span class=\"_ _0\"></span>390<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x823 y24cd w57b h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls51 ws53\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x824 y24bc w57c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls51 ws53\">8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>21<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x825 y24bc w57d h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x826 y24cd w57e h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls5b ws5c\">5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x827 y24cd w57f h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls62 ws64\">9<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x828 y24bc w580 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls9a ws9e\">618<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w581 h92\" id=\"_9a32c440-9186-4aec-a028-c8e3f3fb1dea\"><tr><td></td><td class=\"c n x7eb y26c9 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ec y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x7ed y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26c9 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x7ef y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f0 y26c9 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26c9 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26ca w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x76e y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x770 y26ca w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x771 y26ca w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26ca w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2572 w556 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div><div class=\"t m0 x7f2 h39 y26cb ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x829 y2572 w582 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x82a y2572 w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x82b y2572 w583 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x82c y2572 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x82d y2572 w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x82e y2572 w52b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x82f y2572 w469 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2573 w584 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _b8\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x830 y2573 w585 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span>0</div></td><td></td><td class=\"c n x831 y26cc w586 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>32<span class=\"_ _1\"></span>,79<span class=\"_ _1\"></span>0</span></div></td><td></td><td></td><td class=\"c n x832 y26cc w587 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>19,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></span></div></td><td class=\"c n x833 y2573 w588 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x834 y2573 w589 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">,628\ue01e</div></td><td></td><td></td><td class=\"c n x835 y2573 w58a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ _15f\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>17,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></span></div></td><td></td><td class=\"c n x836 y2573 w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x837 y2573 w58b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x838 y2573 w207 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2566 w58c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _50\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x839 y2566 w58d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td></td><td class=\"c n x83a y2566 w326 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>38,86<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x83b y2566 w58e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _a8\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x83c y2566 w58f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span>9<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td class=\"c n x83d y2566 w590 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,03<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _70\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x83e y2566 w591 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x83f y2566 w592 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x840 y2566 w593 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2567 w474 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td class=\"c n x841 y2567 w594 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>,54<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x842 y2567 w2cf h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e</div></td><td class=\"c n x843 y2567 w595 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>20<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x844 y26cd w487 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls63 wsa5\">,366<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x845 y26cd w596 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _1\"></span>7<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x846 y2567 w597 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td></td><td class=\"c n x847 y2567 w598 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs41\"> </span>6,23<span class=\"_ _1\"></span>0\ue01e</div></td><td></td><td class=\"c n x848 y2567 w599 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>44\ue01e</div></td><td></td><td class=\"c n x849 y2567 w2ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x84a y2567 w2af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w59a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables<span class=\"_ _ae\"> </span><span class=\"ls3 ws5f\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x84b y2568 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e</div></td><td></td><td class=\"c n x84c y2568 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x84d y2568 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x639 y2568 w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x63a y2568 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x601 y2568 w59b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _ee\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x84e y2568 wc6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w82 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets</div></td><td class=\"c n x84f y2562 w59c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>56<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x850 y2562 w59d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc7 wsd0\">,6<span class=\"_ _1\"></span>52\ue01e<span class=\"_ _124\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x851 y2562 w59e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">31,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x852 y2562 w59f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x853 y2562 w5a0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">58\ue01e<span class=\"_ _124\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x854 y2562 w597 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></div></td><td></td><td class=\"c n x855 y2562 w5a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x856 y2562 w285 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">3<span class=\"_ _c\"></span>1\ue01e</div></td><td class=\"c n x857 y2562 w5a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x858 y2562 w5a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\">0,6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _110\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x859 y2562 w3de h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x85a y24bc w5a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>77<span class=\"_ _c\"></span>,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x85b y25c8 w5a5 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\">94<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _51\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x85c y25c8 w5a6 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">12<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x85d y24bc w5a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x85e y24bc w5a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>7<span class=\"_ _0\"></span>5,4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x85f y24bc w5a9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">15\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x860 y25c8 w5aa h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\">5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x861 y24bc w5ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">61<span class=\"_ _1\"></span>,18<span class=\"_ _8\"></span>8</div></td><td></td><td></td><td class=\"c n x862 y25c8 w5ac h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>761<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></div></td></tr></table>(1) <span class=\"_ _5\"> </span>Includes money market funds with no notice period f<span class=\"_ _0\"></span>or withdr<span class=\"_ _0\"></span>awal<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able analyses the undiscount<span class=\"_ _0\"></span>ed cash flows of insur<span class=\"_ _c\"></span>ance liabilities based on the future cash flo<span class=\"_ _0\"></span>ws expect<span class=\"_ _0\"></span>ed to be paid out in the periods pr<span class=\"_ _0\"></span>esented,<span class=\"_ _b\"></span> and payables by maturity dat<span class=\"_ _c\"></span>es.<span class=\"_ _2d8\"> </span><table class=\"s w5ad h93\" id=\"_a6aa36de-585a-4864-b545-4e612c6fa1f3\"><tr><td></td><td class=\"c n x7eb y26ce w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ec y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ed y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ee y26ce w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26ce w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26ce w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y265c w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76e y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76f y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y265c w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26cf w5ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pay<span class=\"_ _c\"></span>ables<span class=\"_ _252\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x863 y26cf w5af h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x864 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x865 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x866 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x867 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x868 y26cf w5b0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x869 y26cf w5b1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _1a\"> </span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c x1de y25cf w5b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities</div><div class=\"t m0 x86a h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x86b y24bb w5b3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>101,<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span>3</div></td><td class=\"c n x86c y26a5 w5b4 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>478</span></div></td><td></td><td class=\"c n x86d y26a5 w5b5 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>812<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span></div></td><td class=\"c n x86e y24bb w2db h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>46,492\ue01d</div></td><td class=\"c n x86f y24bb w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x870 y26a5 w5b6 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls7c ws93\">0,<span class=\"_ _1\"></span>264<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x871 y24bb w5b7 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">8<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></div></td><td class=\"c n x872 y24bb w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x873 y24bb w5b8 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">25,5<span class=\"_ _1\"></span>52\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5b9 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _200\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x874 y24bc w5ba h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>,781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x875 y24bc w5bb h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x876 y24cd w5bc h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse3 ws1\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>478<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x877 y24bc w5bd h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa0 wsa2\">6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>12<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></div></td><td class=\"c n x878 y24bc w5be h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>46,492<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></div></td><td class=\"c n x879 y24bc w50b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x87a y24bc w5bf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">0,26<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _6d\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x87b y24bc w5c0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">8<span class=\"_ _1\"></span>9,7<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x87c y24bc w1fc h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x87d y24bc w27c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\">32<span class=\"_ _1\"></span>,60<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w5c1 h94\" id=\"_da357a74-28cf-46d5-b2d3-0c268b698f22\"><tr><td></td><td></td><td class=\"c n x7eb y26d0 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ec y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ed y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26d0 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26d0 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26d0 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y264e w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y264e w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w5c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pay<span class=\"_ _c\"></span>ables<span class=\"_ _168\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x87e y255c w5c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">6<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x87f y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x880 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x881 y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x882 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x883 y26d1 w5c4 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x884 y255c w453 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">6<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y24bb w5b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities</div><div class=\"t m0 x86a h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x7f3 y24bb w5c5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,<span class=\"_ _c\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x885 y24bb w5a9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">92\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x886 y24bb w5c6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">74<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7</div></td><td class=\"c n x887 y26bc w5c7 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></span></div></td><td class=\"c n x888 y24bb w5c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x889 y24bb w5c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">427<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x88a y24bb w5ca h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,2<span class=\"_ _0\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x88b y24bb w5cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x88c y24bb w5cc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span></div></td><td class=\"c n x88d y24bb w2d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>343,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x88e y24bb w5cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">35<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x88f y24bc w5ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>98<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x890 y24bc w5cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x891 y26bd w5d0 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\">74<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x892 y24bc w5d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x893 y24bc w5c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x894 y24bc w5c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">427<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x895 y24bc w5ca h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,2<span class=\"_ _0\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x896 y24bc w5cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x897 y24bc w5d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x898 y24bc w5d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls30 ws31\"><span class=\"_ gs41\"> </span>350,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x899 y24bc w5d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls30 ws31\">630\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>(2) <span class=\"_ _5\"> </span>Excludes the liability for remaining co<span class=\"_ _c\"></span>verage (unearned pr<span class=\"_ _c\"></span>emium element) and effect of discounting<span class=\"_ _2d8\"> </span>Management has consider<span class=\"_ _0\"></span>ed the liquidity and cash gener<span class=\"_ _0\"></span>ation of the Gr<span class=\"_ _0\"></span>oup and is satisfied that the Gr<span class=\"_ _0\"></span>oup will be able to meet all liabilities as they f<span class=\"_ _0\"></span>all due.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-341": {
   "value": "2.2. UNDERWRIT<span class=\"_ _0\"></span>ING RISK<span class=\"_ _2d8\"> </span>The principal risk the Gr<span class=\"_ _c\"></span>oup faces under insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts is that the actual claims and benefit payments,<span class=\"_ _2\"></span> or the timing ther<span class=\"_ _c\"></span>eof<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> diff<span class=\"_ _c\"></span>er from<span class=\"_ _2d8\"> </span> expect<span class=\"_ _0\"></span>ations.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is influenced by the fr<span class=\"_ _c\"></span>equency of claims,<span class=\"_ _2\"></span> sev<span class=\"_ _0\"></span>erity of claims,<span class=\"_ _2\"></span> actual benefits paid and subsequent dev<span class=\"_ _c\"></span>elopment of long-term<span class=\"_ _2d8\"> </span> claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the objective of the Gr<span class=\"_ _c\"></span>oup is to ensur<span class=\"_ _0\"></span>e that suf<span class=\"_ _0\"></span>ficient r<span class=\"_ _0\"></span>eserves ar<span class=\"_ _0\"></span>e available t<span class=\"_ _c\"></span>o cover these liabilities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only motor insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> which usually co<span class=\"_ _0\"></span>ver a 12-month dur<span class=\"_ _c\"></span>ation.<span class=\"_ _2\"></span> For these contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> the most significant risks arise<span class=\"_ _2d8\"> </span> fr<span class=\"_ _0\"></span>om under<span class=\"_ _c\"></span>-estimation of the expected costs att<span class=\"_ _0\"></span>ached t<span class=\"_ _0\"></span>o a policy or a claim,<span class=\"_ _2\"></span> for e<span class=\"_ _0\"></span>xample thr<span class=\"_ _c\"></span>ough unexpect<span class=\"_ _0\"></span>ed inflation of costs or single<span class=\"_ _2d8\"> </span> catastr<span class=\"_ _c\"></span>ophic ev<span class=\"_ _0\"></span>ents.<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Note 3.6 f<span class=\"_ _0\"></span>or detail on these risks and the w<span class=\"_ _0\"></span>ay the Gr<span class=\"_ _c\"></span>oup manages them.<span class=\"_ _2\"></span> Note 3.6 also includes the consider<span class=\"_ _c\"></span>ations of climate change.<span class=\"_ _2d8\"> </span><span class=\"_ _2\"></span> Further discussion on climate change can be f<span class=\"_ _0\"></span>ound in the Principal Risks and Uncertainties section on pages 22 t<span class=\"_ _0\"></span>o 30 of the Str<span class=\"_ _0\"></span>ategic Report<span class=\"_ _2d8\"> </span> and the Responsibility and Sustainability section on pages 41 t<span class=\"_ _c\"></span>o 67.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DisclosureOfUnderwritingRisk",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-355": {
   "value": "2<span class=\"_ _1\"></span>.3. C<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>Cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _0\"></span>eflects the financial impact of the default of one or mor<span class=\"_ _c\"></span>e of the Group\u2019<span class=\"_ _2\"></span>s count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ties.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup is exposed to financial risks<span class=\"_ _2d8\"> </span>caused by a loss in the v<span class=\"_ _0\"></span>alue of financial assets due t<span class=\"_ _0\"></span>o counterparties failing t<span class=\"_ _c\"></span>o meet all or par<span class=\"_ _1\"></span>t of their obligations.<span class=\"_ _2\"></span> K<span class=\"_ _c\"></span>ey areas wher<span class=\"_ _c\"></span>e the<span class=\"_ _2d8\"> </span>Gr<span class=\"_ _0\"></span>oup is exposed t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit default risk ar<span class=\"_ _c\"></span>e:<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Failur<span class=\"_ _c\"></span>e of an asset counterparty to meet their financial obligations (Not<span class=\"_ _c\"></span>e 4.4)<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span>2<span class=\"_ _1\"></span>.3. C<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>Cr<span class=\"_ _0\"></span>edit risk r<span class=\"_ _0\"></span>eflects the financial impact of the default of one or mor<span class=\"_ _c\"></span>e of the Group\u2019<span class=\"_ _2\"></span>s count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ties.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup is exposed to financial risks<span class=\"_ _2d8\"> </span>caused by a loss in the v<span class=\"_ _0\"></span>alue of financial assets due t<span class=\"_ _0\"></span>o counterparties failing t<span class=\"_ _c\"></span>o meet all or par<span class=\"_ _1\"></span>t of their obligations.<span class=\"_ _2\"></span> K<span class=\"_ _c\"></span>ey areas wher<span class=\"_ _c\"></span>e the<span class=\"_ _2d8\"> </span>Gr<span class=\"_ _0\"></span>oup is exposed t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit default risk ar<span class=\"_ _c\"></span>e:<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Failur<span class=\"_ _c\"></span>e of an asset counterparty to meet their financial obligations (Not<span class=\"_ _c\"></span>e 4.4)<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders (Not<span class=\"_ _c\"></span>e 3.7)<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing policies and pr<span class=\"_ _c\"></span>ocedures ar<span class=\"_ _c\"></span>e in place to mitigat<span class=\"_ _0\"></span>e the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s exposure t<span class=\"_ _c\"></span>o credit risk:<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>A Gr<span class=\"_ _c\"></span>oup credit risk policy which sets out the assessment and det<span class=\"_ _c\"></span>ermination of what constitutes cr<span class=\"_ _0\"></span>edit risk for the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2\"></span> Compliance with<span class=\"_ _2d8\"> </span>the policy is monitor<span class=\"_ _c\"></span>ed and exposur<span class=\"_ _0\"></span>es and br<span class=\"_ _0\"></span>eaches ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s Risk Committee<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance is placed with counterparties that have a good cr<span class=\"_ _c\"></span>edit rating and concentr<span class=\"_ _c\"></span>ation of risk is avoided by f<span class=\"_ _c\"></span>ollowing policy<span class=\"_ _2d8\"> </span>guidelines in r<span class=\"_ _0\"></span>espect of counterparties\u2019<span class=\"_ _2\"></span> limits that ar<span class=\"_ _0\"></span>e set each year b<span class=\"_ _0\"></span>y the Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors and ar<span class=\"_ _c\"></span>e subject to r<span class=\"_ _c\"></span>egular revie<span class=\"_ _0\"></span>ws.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>At each<span class=\"_ _2d8\"> </span>r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> management performs an assessment of cr<span class=\"_ _c\"></span>editworthiness of reinsur<span class=\"_ _c\"></span>ers and updates the r<span class=\"_ _c\"></span>einsurance pur<span class=\"_ _c\"></span>chase strat<span class=\"_ _c\"></span>egy<span class=\"_ _c\"></span>,<span class=\"_ _2d8\"> </span>ascertaining a suit<span class=\"_ _0\"></span>able allow<span class=\"_ _0\"></span>ance for impairment<span class=\"_ _2d8\"> </span>\u2212<span class=\"_ _108\"> </span><span class=\"ls41\">The Gr<span class=\"_ _c\"></span>oup sets the maximum amounts and limits that may be adv<span class=\"_ _0\"></span>anced to corpor<span class=\"_ _c\"></span>ate count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to their long-t<span class=\"_ _c\"></span>erm credit<span class=\"_ gs41\"> </span>r<span class=\"_ _c\"></span>atings<span class=\"_ _2d8\"> </span></span>\u2212<span class=\"_ _108\"> </span>The cr<span class=\"_ _c\"></span>edit risk in respect of cust<span class=\"_ _0\"></span>omer balances incurr<span class=\"_ _0\"></span>ed on non-payment of pr<span class=\"_ _0\"></span>emiums or contributions will only persist during the gr<span class=\"_ _c\"></span>ace<span class=\"_ _2d8\"> </span>period specified in the policy document or trust deed until expiry<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the policy is either paid up or t<span class=\"_ _0\"></span>erminated.<span class=\"_ _2\"></span> Commission paid t<span class=\"_ _c\"></span>o<span class=\"_ _2d8\"> </span>intermediaries is nett<span class=\"_ _c\"></span>ed off against amounts r<span class=\"_ _c\"></span>eceivable fr<span class=\"_ _0\"></span>om them to r<span class=\"_ _c\"></span>educe the risk of doubtful debts<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Notes 3.7 and 4.4 as indicat<span class=\"_ _0\"></span>ed abov<span class=\"_ _c\"></span>e for further information on cr<span class=\"_ _0\"></span>edit risk.<span class=\"_ _2d8\"> </span>4<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>. CR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span>PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span>risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d). <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span>r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span>lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span>APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span>ECL allow<span class=\"_ _0\"></span>ance on day one. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span>ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Exposure by<span class=\"_ _0\"></span> credit rating<span class=\"_ _2d8\"> </span><table class=\"s w4ff h8e\" id=\"_715d6525-4614-4372-aa67-cdf6fa9cb34e\"><tr><td></td><td></td><td class=\"c n x603 y26b1 w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y26b1 w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x605 y26b1 w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x606 y26b1 w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y26b1 w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y26b1 w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y26b1 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b2 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x76f y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x770 y26b2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26b2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x772 y26b2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b3 w500 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds</div></td><td></td><td class=\"c n x773 y26b3 w243 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x774 y26b3 w501 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>79<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x775 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x776 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x777 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x778 y26b3 w502 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x779 y26b3 w503 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26b4 w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td></td><td class=\"c n x77a y26b4 w504 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _145\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td class=\"c n x77b y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77c y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x77d y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77e y26b4 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77f y26b4 w505 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x780 y26b4 w506 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251d w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x781 y251d w507 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _9b\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,12<span class=\"_ _8\"></span>5</span></div></td><td class=\"c n x782 y26b5 w508 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>21,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x783 y251d w509 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,75<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4e\"> </span></div></td><td></td><td class=\"c n x784 y251d w50a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>,35<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x785 y251d w50b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">0\ue01d</div></td><td class=\"c n x786 y251d we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x787 y251d w2f8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x788 y251d w3e8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25ce w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x620 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x789 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x78a y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x78b y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x78c y25ce w50c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x78d y26b6 w50d h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x78e y25ce w50e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25cf w75 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div></td><td class=\"c n x78f y25cf w50f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x790 y26b7 w510 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x791 y26b7 w511 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls55 ws58\">51<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x792 y25cf w512 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb6 wsbe\">14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>72<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td></td><td></td><td class=\"c n x793 y25cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x794 y25cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x795 y25cf w513 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x796 y25cf w514 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w515 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _23b\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x797 y24bc w516 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>9<span class=\"_ _1a\"></span>4</div></td><td class=\"c n x798 y24cd w517 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>57<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span></div></td><td class=\"c n x799 y24bc w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x79a y24bc w518 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">8,526<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></div></td><td class=\"c n x79b y24bc w147 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x79c y24bc w519 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">,3<span class=\"_ _1\"></span>50\ue01d</div></td><td class=\"c n x79d y24bc w50c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x79e y24cd w51a h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x79f y24bc w2d4 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w51b h8f\" id=\"_ae8878ef-acfb-4876-ac20-2ca1b9d1f350\"><tr><td></td><td></td><td class=\"c n x603 y269e w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x604 y269e w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x605 y269e w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y269e w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y269e w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y269e w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x609 y269e w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b8 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76e y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76f y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x770 y26b8 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26b8 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26b8 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w500 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds</div></td><td></td><td class=\"c n x773 y26b9 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a0 y26b9 w49d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a1 y26b9 w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e</div></td><td></td><td class=\"c n x7a2 y26b9 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a3 y26b9 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a4 y26b9 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y26b9 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span></div></td><td class=\"c n x780 y26b9 w49d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a6 y26b9 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td class=\"c n x7a7 y26ba w51c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>98,<span class=\"_ _2\"></span>96<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a8 y26ba w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">3\ue01e</div></td><td class=\"c n x7a9 y26ba w88 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4,3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4\ue01e</div></td><td></td><td class=\"c n x7aa y26ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ab y26ba w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ac y26ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ad y26ba w51d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7ae y26ba w51e h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w51f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _2e\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7af y255b w520 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1,12<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x7b0 y255b w521 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7b1 y255b w522 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\">0,0<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _17d\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7b2 y255b w523 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>0</div></td><td class=\"c n x7b3 y26bb w524 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>67<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></span></div></td><td class=\"c n x7a4 y255b wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y255b wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x7b4 y255b w525 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7b5 y255b w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x620 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7b6 y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7b7 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7b8 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7b9 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ba y255c w526 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _ee\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7bb y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w527 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _48\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7bc y24bb w528 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,14<span class=\"_ _1a\"></span>0</div></td><td></td><td class=\"c n x7bd y26bc w529 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _ac\"> </span><span class=\"lsfd ws113\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></span></div></td><td class=\"c n x7be y24bb w52a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7bf y24bb w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">23\ue01e</div></td><td class=\"c n x7c0 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x624 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7c1 y24bb w52b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c2 y24bb w140 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w52c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _23c\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7c3 y26bd w52d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7c4 y24bc w52e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></div></td><td></td><td class=\"c n x7c5 y24bc w52f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>75,393\ue01e<span class=\"_ _124\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c6 y24bc w530 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x7c7 y26bd w531 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"ls3 ws5f\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c8 y24bc wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e</div></td><td class=\"c n x7c9 y24bc w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ca y24bc w532 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">42,530<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>With the exception of r<span class=\"_ _c\"></span>eceivables,<span class=\"_ _2\"></span> all the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>vestment gr<span class=\"_ _c\"></span>ade (AAA to BBB).<span class=\"_ _2d8\"> </span>Analysis of<span class=\"_ _0\"></span> credit risk<span class=\"_ _0\"></span> and allo<span class=\"_ _0\"></span>wance<span class=\"_ _0\"></span> for ECL<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides an o<span class=\"_ _c\"></span>verview of the allow<span class=\"_ _0\"></span>ance for ECL pr<span class=\"_ _c\"></span>ovided f<span class=\"_ _0\"></span>or on the types of financial assets held by the Gr<span class=\"_ _c\"></span>oup where cr<span class=\"_ _c\"></span>edit risk is pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>alent.<span class=\"_ _2\"></span> Gross carrying amount<span class=\"_ _2d8\"> </span>Allow<span class=\"_ _0\"></span>ance for ECL<span class=\"_ _7e\"> </span>Net amount<span class=\"_ _2d8\"> </span>At 31 December 2025<span class=\"_ _22e\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ gs40f\"> </span><span class=\"_ _e9\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _236\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ad\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>(3)<span class=\"_ _49\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _23d\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a6\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4)<span class=\"_ _7e\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>713<span class=\"_ gs102\"> </span></span>Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _23e\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"lsc8 wsd1\"><span class=\"_ gs102\"> </span>(38)<span class=\"_ _49\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></span></span></span>Receivables<span class=\"_ _160\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>Cash and cash equivalents<span class=\"_ _22c\"> </span><span class=\"ff2 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>475<span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _240\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _49\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></span><span class=\"ls55 ws58\"><span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span><table class=\"s w533 h90\" id=\"_c79a3053-2f61-4380-98c3-08cee024ca98\"><tr><td></td><td></td><td class=\"t m0 x5d2 h29 y26be ff2 fs22 fc2 sc0 ls0 ws0\">Gross carrying </td><td></td><td class=\"t m0 x242 h29 y26be ff2 fs22 fc2 sc0 ls0 ws0\">Allow<span class=\"_ _0\"></span>ance </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x269 h29 y26bf ff2 fs22 fc2 sc0 ls0 ws0\">amount<span class=\"_ _2d8\"> </span></td><td></td><td class=\"c n x7cb y26c0 w534 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">for ECL<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cc y26c0 w535 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Net amount<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c1 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71d y26c1 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71e y26c1 w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cd y26c1 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c2 w46c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment bonds</div></td><td class=\"c n x7ce y26c2 w536 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cf y26c2 w537 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e<span class=\"_ _ad\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d0 y26c2 w3c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls14 ws18\">(3)<span class=\"_ _4c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7d1 y26c2 w538 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c3 w539 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _25\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d2 y26c4 w53a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _d3\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d3 y26c3 w53b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _1\"></span>)<span class=\"_ _e2\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7d4 y26c3 w53c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>26<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2687 w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x7d5 y2687 w53d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7d6 y2687 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td class=\"c n x7d7 y2687 w53e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>(3<span class=\"_ _1\"></span>5)</div></td><td class=\"c n x7d8 y2687 w17a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7d9 y2687 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td></td><td class=\"c n x7da y255c w4fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e</div></td><td class=\"c n x7db y255c w53f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7dc y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w540 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _190\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7dd y24bb w541 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x7de y24bb w369 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x7df y24bb w469 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td></td><td class=\"c n x7e0 y24bc w542 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>342,53<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7e1 y24bc w543 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _7c\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7e2 y24bc w544 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</div></td><td class=\"c n x7e3 y24bc w545 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7e4 y24bc w546 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">42,<span class=\"_ _1\"></span>48<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-342": {
   "value": "2.4<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span> LIQUIDITY RISK<span class=\"_ _2d8\"> </span>Liquidity risk is the potential that obligations cannot be met as the<span class=\"_ _c\"></span>y fall due as a consequence of having a timing mismatch or inability to r<span class=\"_ _c\"></span>aise sufficient liquid assets without suf<span class=\"_ _c\"></span>fering a subst<span class=\"_ _0\"></span>antial loss on r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup manages its liquidity risk through both ensuring that it holds suf<span class=\"_ _0\"></span>ficient cash and cash equivalent assets t<span class=\"_ _0\"></span>o meet all short-term liabilities,<span class=\"_ _2\"></span> and matching the maturity pr<span class=\"_ _c\"></span>ofile of its financial inv<span class=\"_ _c\"></span>estments to the expect<span class=\"_ _c\"></span>ed cash outflows.<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Note 6 f<span class=\"_ _0\"></span>or fur<span class=\"_ _1\"></span>ther inf<span class=\"_ _0\"></span>ormation on liquidity risk.<span class=\"_ _2d8\"> </span>6. L<span class=\"_ _0\"></span>IQUIDITY RISK<span class=\"_ _2d8\"> </span>Liquidity risk is the potential that obligations cannot be met as the<span class=\"_ _c\"></span>y fall due as a consequence of having a timing mismatch or inability t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>aise suf<span class=\"_ _0\"></span>ficient liquid assets without suff<span class=\"_ _c\"></span>ering a substantial loss on r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group manages its liquidity risk thr<span class=\"_ _c\"></span>ough both ensuring that it holds suf<span class=\"_ _0\"></span>ficient cash and cash equivalent assets t<span class=\"_ _c\"></span>o meet all shor<span class=\"_ _1\"></span>t-term liabilities and matching,<span class=\"_ _b\"></span> as far as possible,<span class=\"_ _2\"></span> the maturity pr<span class=\"_ _0\"></span>ofile of its financial inv<span class=\"_ _c\"></span>estments to the expect<span class=\"_ _c\"></span>ed cash outflows.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able analyses the carrying value of cash and cash equiv<span class=\"_ _0\"></span>alents and financial assets,<span class=\"_ _2\"></span> by contr<span class=\"_ _c\"></span>actual maturity<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> which can fund the r<span class=\"_ _0\"></span>epayment of liabilities as they crystallise<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> It also analyses the undiscounted cash flo<span class=\"_ _0\"></span>ws of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets held,<span class=\"_ _2\"></span> based on the futur<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed cash flows t<span class=\"_ _c\"></span>o be receiv<span class=\"_ _0\"></span>ed in the periods present<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span><table class=\"s w551 h91\" id=\"_1a9c6fb0-6adb-4bac-8ca4-7a08f26ecb59\"><tr><td></td><td></td><td class=\"c n x7eb y26c5 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ec y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ed y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26c5 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26c5 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26c5 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26c5 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26c6 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y26c6 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y26c6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26c6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26c6 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y26c7 w556 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div><div class=\"t m0 x7f2 h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x7f3 y2558 w467 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f4 y2558 w557 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x7f5 y2558 w419 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7f6 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7f7 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7f8 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x7f9 y2558 we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x7fa y2558 w558 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7fb y2558 w559 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y251a w55a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _126\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x7fc y251a w109 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>613<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x7fd y251a w55b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7fe y251b w55c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls55 ws58\">,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x7ff y251a w55d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8e ws91\">3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,78<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _47\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x800 y251a w55e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x801 y251a we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x802 y251a w55f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>8,0<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _85\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x803 y251a w560 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y251c w561 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _81\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x804 y251c w4b5 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">4<span class=\"_ _8\"></span>7,1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>0</div></td><td class=\"c n x805 y26c8 w562 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x806 y26c8 w563 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\"><span class=\"lsb6 wsbe\">14<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x807 y251c w564 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></div></td><td></td><td class=\"c n x808 y251c w153 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs102\"> </span>8,6<span class=\"_ _0\"></span>29\ue01d</div></td><td class=\"c n x809 y251c w565 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>,782</div></td><td></td><td class=\"c n x80a y26c8 w566 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _2d8\"> </span></span></div></td></tr><tr><td class=\"c n x1de y251d w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x781 y251d w25b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _24f\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></span></div></td><td class=\"c n x80b y251d w567 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>1<span class=\"_ _c\"></span>3,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x80c y251d w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">660\ue01d</div></td><td class=\"c n x80d y251d w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x80e y251d w568 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">0,69<span class=\"_ _1\"></span>9\ue01d<span class=\"_ _45\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x80f y251d w569 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span></div></td><td></td><td class=\"c n x668 y26b5 w56a h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs102\"> </span>9<span class=\"_ _c\"></span>,509<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x810 y251d w56b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x811 y26b5 w56c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25ce w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x812 y25ce w56d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _ae\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td></td><td class=\"c n x813 y25ce wf1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x814 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x815 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x816 y25ce we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x817 y25ce w56e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x7b5 y25ce w56f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25cf w82 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets</div></td><td class=\"c n x818 y25cf w570 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs102\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x819 y25cf w571 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\">5,594<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span></div></td><td class=\"c n x81a y25cf w3c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x81b y25cf w572 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8\ue01d<span class=\"_ _73\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x81c y26b7 w573 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>876<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x81d y26b7 w574 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x81e y26b7 w575 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x81f y25cf w576 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">7<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,17<span class=\"_ _8\"></span>0</div></td><td></td><td class=\"c n x820 y26b7 w577 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y24bc w578 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _200\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x821 y24bc w579 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>4</div></td><td></td><td class=\"c n x822 y24cd w57a h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsb0 wsb7\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>94,<span class=\"_ _0\"></span>390<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x823 y24cd w57b h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls51 ws53\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x824 y24bc w57c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls51 ws53\">8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>21<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x825 y24bc w57d h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x826 y24cd w57e h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls5b ws5c\">5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x827 y24cd w57f h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls62 ws64\">9<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x828 y24bc w580 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls9a ws9e\">618<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w581 h92\" id=\"_9a32c440-9186-4aec-a028-c8e3f3fb1dea\"><tr><td></td><td class=\"c n x7eb y26c9 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ec y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x7ed y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26c9 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x7ef y26c9 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f0 y26c9 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26c9 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26ca w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x76e y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y26ca w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x770 y26ca w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x771 y26ca w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26ca w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2572 w556 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div><div class=\"t m0 x7f2 h39 y26cb ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x829 y2572 w582 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x82a y2572 w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x82b y2572 w583 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x82c y2572 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x82d y2572 w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x82e y2572 w52b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x82f y2572 w469 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2573 w584 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _b8\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x830 y2573 w585 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span>0</div></td><td></td><td class=\"c n x831 y26cc w586 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>32<span class=\"_ _1\"></span>,79<span class=\"_ _1\"></span>0</span></div></td><td></td><td></td><td class=\"c n x832 y26cc w587 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>19,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></span></div></td><td class=\"c n x833 y2573 w588 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x834 y2573 w589 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">,628\ue01e</div></td><td></td><td></td><td class=\"c n x835 y2573 w58a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ _15f\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>17,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></span></div></td><td></td><td class=\"c n x836 y2573 w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x837 y2573 w58b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x838 y2573 w207 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2566 w58c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _50\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x839 y2566 w58d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td></td><td class=\"c n x83a y2566 w326 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>38,86<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x83b y2566 w58e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _a8\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x83c y2566 w58f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span>9<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td class=\"c n x83d y2566 w590 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,03<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _70\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x83e y2566 w591 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td></td><td class=\"c n x83f y2566 w592 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x840 y2566 w593 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2567 w474 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td class=\"c n x841 y2567 w594 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>,54<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x842 y2567 w2cf h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e</div></td><td class=\"c n x843 y2567 w595 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>20<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x844 y26cd w487 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls63 wsa5\">,366<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x845 y26cd w596 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _1\"></span>7<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x846 y2567 w597 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td></td><td class=\"c n x847 y2567 w598 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs41\"> </span>6,23<span class=\"_ _1\"></span>0\ue01e</div></td><td></td><td class=\"c n x848 y2567 w599 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>44\ue01e</div></td><td></td><td class=\"c n x849 y2567 w2ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x84a y2567 w2af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2568 w59a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables<span class=\"_ _ae\"> </span><span class=\"ls3 ws5f\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x84b y2568 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e</div></td><td></td><td class=\"c n x84c y2568 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x84d y2568 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td></td><td class=\"c n x639 y2568 w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x63a y2568 wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x601 y2568 w59b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _ee\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x84e y2568 wc6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2562 w82 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act assets</div></td><td class=\"c n x84f y2562 w59c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>56<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x850 y2562 w59d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc7 wsd0\">,6<span class=\"_ _1\"></span>52\ue01e<span class=\"_ _124\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x851 y2562 w59e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">31,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x852 y2562 w59f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x853 y2562 w5a0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">58\ue01e<span class=\"_ _124\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x854 y2562 w597 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></div></td><td></td><td class=\"c n x855 y2562 w5a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x856 y2562 w285 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">3<span class=\"_ _c\"></span>1\ue01e</div></td><td class=\"c n x857 y2562 w5a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x858 y2562 w5a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\">0,6<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _110\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x859 y2562 w3de h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x85a y24bc w5a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>77<span class=\"_ _c\"></span>,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x85b y25c8 w5a5 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\">94<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _51\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x85c y25c8 w5a6 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">12<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x85d y24bc w5a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x85e y24bc w5a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>7<span class=\"_ _0\"></span>5,4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x85f y24bc w5a9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">15\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x860 y25c8 w5aa h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\">5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x861 y24bc w5ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">61<span class=\"_ _1\"></span>,18<span class=\"_ _8\"></span>8</div></td><td></td><td></td><td class=\"c n x862 y25c8 w5ac h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>761<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></div></td></tr></table>(1) <span class=\"_ _5\"> </span>Includes money market funds with no notice period f<span class=\"_ _0\"></span>or withdr<span class=\"_ _0\"></span>awal<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able analyses the undiscount<span class=\"_ _0\"></span>ed cash flows of insur<span class=\"_ _c\"></span>ance liabilities based on the future cash flo<span class=\"_ _0\"></span>ws expect<span class=\"_ _0\"></span>ed to be paid out in the periods pr<span class=\"_ _0\"></span>esented,<span class=\"_ _b\"></span> and payables by maturity dat<span class=\"_ _c\"></span>es.<span class=\"_ _2d8\"> </span><table class=\"s w5ad h93\" id=\"_a6aa36de-585a-4864-b545-4e612c6fa1f3\"><tr><td></td><td class=\"c n x7eb y26ce w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ec y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ed y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ee y26ce w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26ce w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26ce w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26ce w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y265c w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76e y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76f y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y265c w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26cf w5ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pay<span class=\"_ _c\"></span>ables<span class=\"_ _252\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x863 y26cf w5af h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x864 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x865 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x866 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x867 y26cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x868 y26cf w5b0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x869 y26cf w5b1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _1a\"> </span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c x1de y25cf w5b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities</div><div class=\"t m0 x86a h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x86b y24bb w5b3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>101,<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span>3</div></td><td class=\"c n x86c y26a5 w5b4 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>478</span></div></td><td></td><td class=\"c n x86d y26a5 w5b5 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>812<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span></div></td><td class=\"c n x86e y24bb w2db h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>46,492\ue01d</div></td><td class=\"c n x86f y24bb w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x870 y26a5 w5b6 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls7c ws93\">0,<span class=\"_ _1\"></span>264<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x871 y24bb w5b7 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">8<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></div></td><td class=\"c n x872 y24bb w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x873 y24bb w5b8 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">25,5<span class=\"_ _1\"></span>52\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5b9 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _200\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x874 y24bc w5ba h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>,781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td class=\"c n x875 y24bc w5bb h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x876 y24cd w5bc h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse3 ws1\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>478<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x877 y24bc w5bd h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa0 wsa2\">6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>12<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></div></td><td class=\"c n x878 y24bc w5be h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>46,492<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></div></td><td class=\"c n x879 y24bc w50b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x87a y24bc w5bf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">0,26<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _6d\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x87b y24bc w5c0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">8<span class=\"_ _1\"></span>9,7<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x87c y24bc w1fc h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x87d y24bc w27c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\">32<span class=\"_ _1\"></span>,60<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w5c1 h94\" id=\"_da357a74-28cf-46d5-b2d3-0c268b698f22\"><tr><td></td><td></td><td class=\"c n x7eb y26d0 w552 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Up to 1 y<span class=\"_ _0\"></span>ear<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ec y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 to 2 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ed y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2 to 3 years<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ee y26d0 w554 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 to 4 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7ef y26d0 w553 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">4 to 5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7f0 y26d0 w555 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Over 5 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x7f1 y26d0 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y264e w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76f y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x770 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y264e w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w5c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pay<span class=\"_ _c\"></span>ables<span class=\"_ _168\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x87e y255c w5c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">6<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x87f y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x880 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x881 y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x882 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x883 y26d1 w5c4 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x884 y255c w453 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">6<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y24bb w5b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities</div><div class=\"t m0 x86a h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x7f3 y24bb w5c5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,<span class=\"_ _c\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x885 y24bb w5a9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">92\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x886 y24bb w5c6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">74<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7</div></td><td class=\"c n x887 y26bc w5c7 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></span></div></td><td class=\"c n x888 y24bb w5c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x889 y24bb w5c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">427<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x88a y24bb w5ca h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,2<span class=\"_ _0\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x88b y24bb w5cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x88c y24bb w5cc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span></div></td><td class=\"c n x88d y24bb w2d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>343,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x88e y24bb w5cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">35<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x88f y24bc w5ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>98<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x890 y24bc w5cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _70\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x891 y26bd w5d0 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls98 ws9c\">74<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x892 y24bc w5d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x893 y24bc w5c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>4,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x894 y24bc w5c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">427<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x895 y24bc w5ca h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,2<span class=\"_ _0\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x896 y24bc w5cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _43\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x897 y24bc w5d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x898 y24bc w5d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls30 ws31\"><span class=\"_ gs41\"> </span>350,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x899 y24bc w5d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls30 ws31\">630\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>(2) <span class=\"_ _5\"> </span>Excludes the liability for remaining co<span class=\"_ _c\"></span>verage (unearned pr<span class=\"_ _c\"></span>emium element) and effect of discounting<span class=\"_ _2d8\"> </span>Management has consider<span class=\"_ _0\"></span>ed the liquidity and cash gener<span class=\"_ _0\"></span>ation of the Gr<span class=\"_ _0\"></span>oup and is satisfied that the Gr<span class=\"_ _0\"></span>oup will be able to meet all liabilities as they f<span class=\"_ _0\"></span>all due.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-343": {
   "value": "2.<span class=\"_ _1\"></span>5. INVES<span class=\"_ _1\"></span>TMENT CO<span class=\"_ _1\"></span>NCE<span class=\"_ _1\"></span>NTRATION RIS<span class=\"_ _1\"></span>K<span class=\"_ _2d8\"> </span>Excessive e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to particular industry sectors or gr<span class=\"_ _c\"></span>oups can give rise to concentr<span class=\"_ _c\"></span>ation risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup has no significant investment in an<span class=\"_ _c\"></span>y particular industrial sector and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is unlikely t<span class=\"_ _c\"></span>o suff<span class=\"_ _0\"></span>er significant losses thr<span class=\"_ _0\"></span>ough its inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio as a r<span class=\"_ _c\"></span>esult of over<span class=\"_ _c\"></span>-exposur<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o sectors engaged in similar activities or whic<span class=\"_ _0\"></span>h have similar economic f<span class=\"_ _c\"></span>eatures that w<span class=\"_ _0\"></span>ould cause their ability to meet contr<span class=\"_ _c\"></span>actual obligations to be similarly af<span class=\"_ _0\"></span>fect<span class=\"_ _c\"></span>ed by changes in economic,<span class=\"_ _2\"></span> political or other conditions.<span class=\"_ _2d8\"> </span>A significant part of the Group\u2019<span class=\"_ _2\"></span>s inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio consists primarily of UK go<span class=\"_ _0\"></span>vernment bonds and go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed bonds;<span class=\"_ _c\"></span> ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the risk of gov<span class=\"_ _c\"></span>ernment default does exist,<span class=\"_ _2\"></span> ho<span class=\"_ _0\"></span>wev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the likelihood is extr<span class=\"_ _c\"></span>emely remot<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The r<span class=\"_ _0\"></span>emainder of the portfolio consists of inv<span class=\"_ _c\"></span>estment grade corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group contin<span class=\"_ _0\"></span>ues to monit<span class=\"_ _c\"></span>or the strength and security of all bonds<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olio has a significant concentr<span class=\"_ _0\"></span>ation of UK debt securities and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is exposed to mo<span class=\"_ _c\"></span>vements in UK inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es.<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Note 4.2.1 f<span class=\"_ _0\"></span>or fur<span class=\"_ _1\"></span>ther inf<span class=\"_ _0\"></span>ormation on inv<span class=\"_ _c\"></span>estment concentration risk.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DisclosureOfInvestmentConcentrationRisk",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-344": {
   "value": "2<span class=\"_ _1\"></span>.6. O<span class=\"_ _1\"></span>PE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>NAL R<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>K<span class=\"_ _2d8\"> </span>Oper<span class=\"_ _0\"></span>ational risk is the risk of loss arising fr<span class=\"_ _0\"></span>om syst<span class=\"_ _0\"></span>em failur<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> cyber attack,<span class=\"_ _2\"></span> h<span class=\"_ _0\"></span>uman err<span class=\"_ _0\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> fr<span class=\"_ _0\"></span>aud or ext<span class=\"_ _0\"></span>ernal ev<span class=\"_ _0\"></span>ents.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>When controls f<span class=\"_ _c\"></span>ail to perform,<span class=\"_ _b\"></span> oper<span class=\"_ _0\"></span>ational risks can cause damage to r<span class=\"_ _c\"></span>eputation,<span class=\"_ _2\"></span> hav<span class=\"_ _c\"></span>e legal or regulat<span class=\"_ _0\"></span>ory implications or can lead to financial loss.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup cannot expect t<span class=\"_ _0\"></span>o eliminat<span class=\"_ _0\"></span>e all oper<span class=\"_ _0\"></span>ational risks,<span class=\"_ _2\"></span> but by oper<span class=\"_ _c\"></span>ating a rigorous contr<span class=\"_ _c\"></span>ol fr<span class=\"_ _0\"></span>amework and b<span class=\"_ _0\"></span>y monit<span class=\"_ _0\"></span>oring and r<span class=\"_ _0\"></span>esponding to pot<span class=\"_ _c\"></span>ential risks,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup is able to manage the risks<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Contr<span class=\"_ _0\"></span>ols include ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e segregation of duties,<span class=\"_ _2\"></span> access contr<span class=\"_ _c\"></span>ols,<span class=\"_ _2\"></span> authorisation and r<span class=\"_ _0\"></span>econciliation pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> st<span class=\"_ _0\"></span>aff education and assessment pr<span class=\"_ _c\"></span>ocesses,<span class=\"_ _2\"></span> including the use of int<span class=\"_ _0\"></span>ernal audit.<span class=\"_ _2\"></span> Business risks such as changes in en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onment,<span class=\"_ _2\"></span> tec<span class=\"_ _0\"></span>hnology and the industry are monit<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s strat<span class=\"_ _c\"></span>egic planning and budgeting process.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DisclosureOfOperationalRisk",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-345": {
   "value": "2<span class=\"_ _1\"></span>.7<span class=\"_ _2\"></span>. CAPITAL <span class=\"_ _12\"> </span>M<span class=\"_ _1\"></span>ANAGE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors has ultimat<span class=\"_ _c\"></span>e responsibility f<span class=\"_ _0\"></span>or ensuring that the Gr<span class=\"_ _0\"></span>oup has suf<span class=\"_ _0\"></span>ficient funds to meet its liabilities as the<span class=\"_ _0\"></span>y fall due<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup carries out detailed modelling of its assets and liabilities<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> and the k<span class=\"_ _0\"></span>ey risks t<span class=\"_ _0\"></span>o which these ar<span class=\"_ _0\"></span>e exposed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This modelling includes the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s own assessment of its capit<span class=\"_ _0\"></span>al requir<span class=\"_ _c\"></span>ements for solv<span class=\"_ _0\"></span>ency purposes.<span class=\"_ _2\"></span> The Gr<span class=\"_ _c\"></span>oup has continued to manage its solv<span class=\"_ _0\"></span>ency with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to the solv<span class=\"_ _0\"></span>ency capital r<span class=\"_ _c\"></span>equirement (\u201cSCR\u201d) calculat<span class=\"_ _c\"></span>ed using the standar<span class=\"_ _0\"></span>d form<span class=\"_ _0\"></span>ula.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group has de<span class=\"_ _0\"></span>veloped suf<span class=\"_ _c\"></span>ficient processes t<span class=\"_ _c\"></span>o ensure that the capit<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements under Solvency II ar<span class=\"_ _c\"></span>e not breached,<span class=\"_ _2\"></span> including the maintenance of capit<span class=\"_ _c\"></span>al at a level higher than that r<span class=\"_ _c\"></span>equired thr<span class=\"_ _c\"></span>ough the standar<span class=\"_ _c\"></span>d formula.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers its capital position t<span class=\"_ _c\"></span>o be its net assets on a Solvency II basis and monit<span class=\"_ _c\"></span>ors this in the context of the Solv<span class=\"_ _0\"></span>ency II SCR.<span class=\"_ _2\"></span> The Gr<span class=\"_ _c\"></span>oup aims to r<span class=\"_ _0\"></span>etain suf<span class=\"_ _c\"></span>ficient capital such that in all r<span class=\"_ _c\"></span>easonably for<span class=\"_ _0\"></span>eseeable scenarios,<span class=\"_ _2\"></span> it will hold r<span class=\"_ _c\"></span>egulatory capital in excess of its SCR.<span class=\"_ _b\"></span> The Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors currently consider that this is ac<span class=\"_ _0\"></span>hiev<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough maintaining a r<span class=\"_ _c\"></span>egulatory capital surplus of 140% t<span class=\"_ _c\"></span>o 160%.<span class=\"_ _2\"></span> As at 31 December<span class=\"_ _0\"></span> 2025,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup holds significant excess Solv<span class=\"_ _0\"></span>ency II capital.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s IFRS capital comprised:<span class=\"_ _2d8\"> </span><table class=\"s w141 h6c\" id=\"_64ee9cdc-fbb4-4834-8a79-b7e5c179e803\"><tr><td></td><td class=\"t m0 x323 h29 y2553 ff2 fs22 fc2 sc0 ls0 ws0\">As at 31 December<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x1d6 y2555 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2555 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y2556 wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x325 y2556 wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2557 w142 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>e capital</div></td><td class=\"c n x326 y2557 w143 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs102\"> </span>2<span class=\"_ _8\"></span>47\ue01d</div></td><td></td><td class=\"c n x327 y2557 w144 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>25<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2558 wa3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Own shar<span class=\"_ _0\"></span>es</div></td><td class=\"c n x328 y2558 w145 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>35<span class=\"_ _8\"></span>4)<span class=\"_ _7f\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x329 y2558 w146 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">(<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2559 wa7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Merger r<span class=\"_ _c\"></span>eserve</div></td><td class=\"c n x32a y2559 w147 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>48<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x32b y2559 w148 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\">,525\ue01d</div></td><td class=\"c n x32c y2559 w149 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>48,525\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255a wa9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">FV<span class=\"_ _c\"></span>OCI reserve</div></td><td></td><td class=\"c n x32d y255a w14a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1a3\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10c\"> </span></span></div></td><td class=\"c n x32e y255a wd4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs41\"> </span>(3<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b wac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance/Reinsur<span class=\"_ _0\"></span>ance finance r<span class=\"_ _0\"></span>eserve</div></td><td></td><td class=\"c n x32f y255b w14b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x330 y255b w14c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls9b ws9f\"><span class=\"_ gs41\"> </span>3<span class=\"_ _0\"></span>,606<span class=\"_ _c\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w14d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>e-based payments r<span class=\"_ _0\"></span>eserve</div></td><td></td><td class=\"c n x331 y255d w14e h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3,495<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></span><span class=\"lsc5 wsce\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x332 y255c w14f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">2,62<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w150 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Retained earnings</div></td><td class=\"c n x333 y24bb w151 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2</div></td><td class=\"c n x334 y24bb w152 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lscf wsda\"><span class=\"_ gs102\"> </span>206,484\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x335 y24bb w153 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">09<span class=\"_ _c\"></span>,521\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w154 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _1a5\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x336 y24bc w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>258,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x337 y24bc w156 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">2<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span></div></td><td class=\"c n x338 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls25 ws27\"><span class=\"ff4 ls0 ws0\">6</span></span><span class=\"ls25 ws27\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-330": {
   "value": "3. INS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE LIAB<span class=\"_ _1\"></span>ILITIE<span class=\"_ _1\"></span>S AND RE<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E ASS<span class=\"_ _1\"></span>ETS<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>For the purpose of this accounting policy<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the term <span class=\"ff2\">\u2018mot<span class=\"_ _0\"></span>or insurance\u2019<span class=\"ff4\"> co<span class=\"_ _c\"></span>vers all the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which <span class=\"ff2 ws109\">includes <span class=\"_ _8\"></span>Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> </span></span></span>Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>axi insurance<span class=\"ff4\">.<span class=\"_ _2d8\"> </span></span>A. INSURANCE AND<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EINSUR<span class=\"_ _1\"></span>ANC<span class=\"_ _0\"></span>E CON<span class=\"_ _0\"></span>TRA<span class=\"_ _0\"></span>CTS<span class=\"_ _0\"></span> CLASSIFICA<span class=\"_ _2\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues insurance contr<span class=\"_ _c\"></span>acts in the normal course of business,<span class=\"_ _2\"></span> under which it accepts significant insur<span class=\"_ _0\"></span>ance risk fr<span class=\"_ _0\"></span>om a policyholder <span class=\"_ _0\"></span> by agr<span class=\"_ _c\"></span>eeing to compensat<span class=\"_ _0\"></span>e the policyholder if a specified uncertain futur<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent adversely af<span class=\"_ _c\"></span>fects the policyholder<span class=\"_ _2\"></span>.<span class=\"_ _c\"></span> As a gener<span class=\"_ _0\"></span>al guideline,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup determines whether it has significant insur<span class=\"_ _0\"></span>ance risk,<span class=\"_ _2\"></span> by comparing benefits pay<span class=\"_ _c\"></span>able after an insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent with benefits pay<span class=\"_ _0\"></span>able if the insured e<span class=\"_ _0\"></span>vent did not occur<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only non-life insur<span class=\"_ _0\"></span>ance to individuals and businesses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Non-life insur<span class=\"_ _c\"></span>ance pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup are Mot<span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>These pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>er prot<span class=\"_ _0\"></span>ection of a policyholder\u2019<span class=\"_ _2\"></span>s assets and indemnification of other par<span class=\"_ _1\"></span>ties that hav<span class=\"_ _0\"></span>e suf<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ed<span class=\"_ gs41\"> </span>damage as a result of a policyholder\u2019<span class=\"_ _2\"></span>s accident.<span class=\"_ _2d8\"> </span>In the normal course of business,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup uses reinsur<span class=\"_ _c\"></span>ance to mitigat<span class=\"_ _0\"></span>e its risk exposur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> A r<span class=\"_ _c\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act tr<span class=\"_ _0\"></span>ansfers significant risks if it<span class=\"_ gs41\"> </span>tr<span class=\"_ _0\"></span>ansfers subst<span class=\"_ _c\"></span>antially all of the insurance risk r<span class=\"_ _c\"></span>esulting from the insur<span class=\"_ _c\"></span>ed por<span class=\"_ _1\"></span>tion of the underlying insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> e<span class=\"_ _0\"></span>ven if it does not expose<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>einsurer t<span class=\"_ _0\"></span>o the possibility of a significant loss.<span class=\"_ _2d8\"> </span>B. IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE AN<span class=\"_ _1\"></span>D REI<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE CONTR<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>CTS ACCOUNTING TR<span class=\"_ _1\"></span>EA<span class=\"_ _0\"></span>TME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>(i<span class=\"_ _0\"></span>) Separating componen<span class=\"_ _0\"></span>ts from insurance<span class=\"_ _0\"></span> and reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup assesses its non-life insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>oducts to det<span class=\"_ _c\"></span>ermine whether they contain distinct components which m<span class=\"_ _c\"></span>ust be accounted f<span class=\"_ _c\"></span>or under another IFRS instead of under IFRS 17.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>After separ<span class=\"_ _c\"></span>ating any distinct components,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup applies IFRS 17 to all r<span class=\"_ _0\"></span>emaining components of the (host) insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act.<span class=\"_ _2\"></span> Curr<span class=\"_ _0\"></span>ently<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products do not inc<span class=\"_ _0\"></span>lude any distinct components that r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e separ<span class=\"_ _0\"></span>ation.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _0\"></span>) A<span class=\"_ _0\"></span>ggregation and<span class=\"_ _0\"></span> recognition of<span class=\"_ _0\"></span> insurance and<span class=\"_ _0\"></span> reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>I<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e aggr<span class=\"_ _0\"></span>egated int<span class=\"_ _c\"></span>o groups f<span class=\"_ _0\"></span>or measur<span class=\"_ _0\"></span>ement purposes.<span class=\"_ _2\"></span> Gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts are det<span class=\"_ _c\"></span>ermined by identifying portfolios of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> each comprising contr<span class=\"_ _c\"></span>acts subject to similar risks and managed t<span class=\"_ _0\"></span>ogether<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and dividing each portfolio into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts (i.e.<span class=\"_ _2\"></span> by y<span class=\"_ _0\"></span>ear of issue) and each annual cohort into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous subsequently <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>emaining contr<span class=\"_ _0\"></span>acts in the annual cohort<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts it issues from the earliest of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When the first payment fr<span class=\"_ _c\"></span>om a policyholder in the group becomes due or when the first pa<span class=\"_ _0\"></span>yment is r<span class=\"_ _0\"></span>eceived if ther<span class=\"_ _c\"></span>e is no due date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate that the contr<span class=\"_ _c\"></span>act is onerous<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _c\"></span>ofitability of gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts is assessed by actuarial v<span class=\"_ _c\"></span>aluation models that tak<span class=\"_ _0\"></span>e into consider<span class=\"_ _c\"></span>ation existing and new business.<span class=\"_ _b\"></span> The Gr<span class=\"_ _c\"></span>oup assumes that no contracts in the portfolio ar<span class=\"_ _c\"></span>e onerous at initial r<span class=\"_ _c\"></span>ecognition unless facts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate otherwise.<span class=\"_ _2\"></span> For contr<span class=\"_ _c\"></span>acts that are not oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup assesses,<span class=\"_ _2\"></span> at initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> that there is no significant possibility of becoming oner<span class=\"_ _0\"></span>ous subsequently by assessing the lik<span class=\"_ _c\"></span>elihood of changes in applicable facts and cir<span class=\"_ _c\"></span>cumstances.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers facts and<span class=\"_ _0\"></span> cir<span class=\"_ _0\"></span>cumstances t<span class=\"_ _c\"></span>o identify whether a group of contr<span class=\"_ _c\"></span>acts are oner<span class=\"_ _c\"></span>ous based on:<span class=\"_ _c\"></span>  <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Pricing inf<span class=\"_ _0\"></span>ormation <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Results of similar contr<span class=\"_ _c\"></span>acts it has recognised <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>En<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onmental f<span class=\"_ _c\"></span>actors,<span class=\"_ _2\"></span> e.g<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> a change in mark<span class=\"_ _0\"></span>et experience or r<span class=\"_ _0\"></span>egulations<span class=\"_ _2d8\"> </span>Reinsurance<span class=\"_ _c\"></span> contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Some r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts pr<span class=\"_ _0\"></span>ovide co<span class=\"_ _c\"></span>ver for underlying contr<span class=\"_ _c\"></span>acts that are included in dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent groups.<span class=\"_ _b\"></span> Howev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Group concludes that the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act\u2019<span class=\"_ _2\"></span>s legal form of a single contr<span class=\"_ _c\"></span>act reflects the subst<span class=\"_ _0\"></span>ance of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s contractual rights and obligations<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> considering that the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent covers lapse t<span class=\"_ _c\"></span>ogether and are not sold separ<span class=\"_ _c\"></span>ately<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a result,<span class=\"_ _b\"></span> the reinsur<span class=\"_ _c\"></span>ance contract is not separ<span class=\"_ _c\"></span>ated int<span class=\"_ _0\"></span>o multiple insur<span class=\"_ _c\"></span>ance components that relat<span class=\"_ _c\"></span>e to dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent underlying groups<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts held at the earlier of the f<span class=\"_ _0\"></span>ollowing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The dat<span class=\"_ _c\"></span>e the Group r<span class=\"_ _c\"></span>ecognises an onerous gr<span class=\"_ _c\"></span>oup of underlying insurance contr<span class=\"_ _c\"></span>acts if the Group ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act held in the gr<span class=\"_ _0\"></span>oup of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held at or befor<span class=\"_ _c\"></span>e that date<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _1\"></span>i) Me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _2d8\"> </span>Summary of<span class=\"_ _0\"></span> measuremen<span class=\"_ _0\"></span>t appr<span class=\"_ _0\"></span>oaches<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup uses the following measur<span class=\"_ _c\"></span>ement approaches t<span class=\"_ _c\"></span>o its insurance and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span><table class=\"s w1bc h73\" id=\"_55360455-9856-4c92-9e21-664a1f84c7a1\"><tr><td></td><td class=\"c n x380 y2580 w1bd h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Product classification<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x381 y2580 w1be h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Measurement model<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2581 ff2 fs7 fc2 sc0 lsad ws7c\">Insurance contracts issued<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2582 w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x383 y2582 w1c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x384 y2582 w1c1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _2\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2583 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w1c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance \u2013 excess of loss r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x385 y24bc w1c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsurance contr<span class=\"_ _c\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x386 y24bc w1c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _c\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup applies the premium allocation appr<span class=\"_ _c\"></span>oach to all the insur<span class=\"_ _c\"></span>ance contracts that it issues and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts that it holds,<span class=\"_ _2\"></span> as the cov<span class=\"_ _c\"></span>erage period of each contr<span class=\"_ _c\"></span>act in the group is one y<span class=\"_ _c\"></span>ear or less,<span class=\"_ _2\"></span> including insurance contr<span class=\"_ _c\"></span>act services arising from all pr<span class=\"_ _c\"></span>emiums within the contr<span class=\"_ _0\"></span>act boundary<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not expect significant variability in the fulfilment cash flo<span class=\"_ _0\"></span>ws that would af<span class=\"_ _0\"></span>fect the measur<span class=\"_ _c\"></span>ement of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age during the period befor<span class=\"_ _c\"></span>e a claim is incurred.<span class=\"_ _2d8\"> </span>All the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance contr<span class=\"_ _c\"></span>acts have a co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of one year or less.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance contracts held ar<span class=\"_ _c\"></span>e excess of loss contr<span class=\"_ _0\"></span>acts and ar<span class=\"_ _0\"></span>e loss occurring.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group does not issue an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d) is measured at: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span> <span class=\"_ _26\"></span>The pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus an<span class=\"_ _c\"></span>y insurance acquisition cash flo<span class=\"_ _0\"></span>ws allocat<span class=\"_ _0\"></span>ed to the gr<span class=\"_ _c\"></span>oup at that date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Adjust<span class=\"_ _0\"></span>ed for an<span class=\"_ _c\"></span>y amount arising from the der<span class=\"_ _c\"></span>ecognition of any assets or liabilities pr<span class=\"_ _c\"></span>eviously r<span class=\"_ _0\"></span>ecognised for cash flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>elated t<span class=\"_ _c\"></span>o the gr<span class=\"_ _0\"></span>oup (including assets f<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance acquisition cash flows) The Gr<span class=\"_ _c\"></span>oup has chosen not to expense insur<span class=\"_ _c\"></span>ance acquisition cash flows when they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>Subsequently<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span> the Gr<span class=\"_ _c\"></span>oup measures the carrying amount of the LRC at the end of each r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period as the LRC at the beginning of the period: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus insur<span class=\"_ _c\"></span>ance acquisition cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus an<span class=\"_ _0\"></span>y amounts r<span class=\"_ _0\"></span>elating to the amortisation of insur<span class=\"_ _0\"></span>ance acquisition cash flows r<span class=\"_ _c\"></span>ecognised as an expense in the r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus the amount r<span class=\"_ _c\"></span>ecognised as insurance r<span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>enue f<span class=\"_ _0\"></span>or the services pro<span class=\"_ _0\"></span>vided in the period<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup expects that the time between pr<span class=\"_ _c\"></span>oviding each part of the ser<span class=\"_ _1\"></span>vices and the r<span class=\"_ _0\"></span>elated pr<span class=\"_ _c\"></span>emium due date is no mor<span class=\"_ _c\"></span>e than a year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Accordingly<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group has chosen not t<span class=\"_ _c\"></span>o adjust the liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect the time value of mone<span class=\"_ _0\"></span>y and the eff<span class=\"_ _c\"></span>ect of financial risk.<span class=\"_ _2d8\"> </span>If at an<span class=\"_ _0\"></span>y time during the cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age period,<span class=\"_ _2\"></span> facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e that a group of contr<span class=\"_ _c\"></span>acts is onerous<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> then the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecognises a loss in Pr<span class=\"_ _0\"></span>ofit or Loss and incr<span class=\"_ _c\"></span>eases the liability for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age to the ext<span class=\"_ _c\"></span>ent that the current estimat<span class=\"_ _c\"></span>es of the fulfilment cash flows that r<span class=\"_ _c\"></span>elate t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age exceed the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discounted (at curr<span class=\"_ _c\"></span>ent rat<span class=\"_ _c\"></span>es) if the liability for incurr<span class=\"_ _0\"></span>ed claims is also discount<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises the liability f<span class=\"_ _0\"></span>or incurr<span class=\"_ _0\"></span>ed claims (\u201cLIC\u201d) of a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts at the amount of the fulfilment cash flows (\u201cFCF\u201d) r<span class=\"_ _0\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed (at current r<span class=\"_ _c\"></span>ates) unless the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be paid in one year or less fr<span class=\"_ _c\"></span>om the date the claims ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>The carrying amount of a group of insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts issued at the end of each r<span class=\"_ _0\"></span>eporting period is the sum of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ws10b\"> The <span class=\"_ _10\"> </span>LRC</span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The LIC<span class=\"_ _2d8\"> </span>Ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt for n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>al ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>An explicit risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is estimated separ<span class=\"_ _c\"></span>ate fr<span class=\"_ _c\"></span>om the other estimates.<span class=\"_ _b\"></span> Unless contracts ar<span class=\"_ _c\"></span>e onerous,<span class=\"_ _b\"></span> the explicit risk adjustment for non-financial risk is only estimat<span class=\"_ _c\"></span>ed for the measur<span class=\"_ _0\"></span>ement of the LIC.<span class=\"_ _2d8\"> </span>This risk adjustment r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the compensation that the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing the uncertainty about the amount and timing of cash flows that arise fr<span class=\"_ _c\"></span>om non-financial risk.<span class=\"_ _2\"></span> Non-financial risk is risk arising from insur<span class=\"_ _c\"></span>ance contracts other than financial risk,<span class=\"_ _b\"></span> which is included in the estimat<span class=\"_ _0\"></span>es of futur<span class=\"_ _0\"></span>e cash flows or the discount r<span class=\"_ _c\"></span>ate used t<span class=\"_ _0\"></span>o adjust the cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risks cov<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the risk adjustment for non-financial risk ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance risk and other non-financial risks such as lapse risk and expense risk.<span class=\"_ _2d8\"> </span>The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk for insur<span class=\"_ _c\"></span>ance contracts measur<span class=\"_ _c\"></span>es the compensation that the Group w<span class=\"_ _c\"></span>ould requir<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o make it<span class=\"_ _0\"></span> indif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent between: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that has a r<span class=\"_ _c\"></span>ange of possible outcomes arising from non-financial risk <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that will gener<span class=\"_ _c\"></span>ate fix<span class=\"_ _0\"></span>ed cash flows with the same expect<span class=\"_ _c\"></span>ed present v<span class=\"_ _0\"></span>alue as the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Reinsurance cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s held<span class=\"_ _2d8\"> </span>The excess of loss r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held pro<span class=\"_ _c\"></span>vide cover<span class=\"_ _c\"></span>age on the motor insur<span class=\"_ _c\"></span>ance contracts originat<span class=\"_ _c\"></span>ed for claims incurr<span class=\"_ _0\"></span>ed during an accident year and ar<span class=\"_ _c\"></span>e accounted f<span class=\"_ _0\"></span>or under the P<span class=\"_ _c\"></span>AA.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group measur<span class=\"_ _c\"></span>es its reinsur<span class=\"_ _c\"></span>ance assets for a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts that it holds on the same basis as insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts that it issues.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age at the amount of ceding pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> at each of the subsequent r<span class=\"_ _0\"></span>eporting dates,<span class=\"_ _2\"></span> the r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age is: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incr<span class=\"_ _c\"></span>eased for ceding pr<span class=\"_ _0\"></span>emiums paid in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Decr<span class=\"_ _c\"></span>eased for the amounts of ceding pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>ecognised as reinsur<span class=\"_ _c\"></span>ance expenses f<span class=\"_ _0\"></span>or the services receiv<span class=\"_ _0\"></span>ed in the period<span class=\"_ _2d8\"> </span>Assets for r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts consist of the asset for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age (\u201c<span class=\"_ _2\"></span>ARC\u201d) and the asset for incurr<span class=\"_ _0\"></span>ed claims (\u201c<span class=\"_ _2\"></span>AIC\u201d) being the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers\u2019<span class=\"_ _2\"></span> share of c<span class=\"_ _0\"></span>laims that have alr<span class=\"_ _c\"></span>eady been incurred.<span class=\"_ _2d8\"> </span>For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> the risk adjustment for non-financial risk pr<span class=\"_ _c\"></span>esents the amount of risk being transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _c\"></span>oup to the<span class=\"_ gs41\"> </span>r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>er<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>Asse<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or insur<span class=\"_ _c\"></span>ance acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n cash<span class=\"_ _0\"></span> flo<span class=\"_ _0\"></span>ws<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup includes the following acquisition cash flo<span class=\"_ _0\"></span>ws within the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act boundary that arise from selling<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> underwriting and starting a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts and that ar<span class=\"_ _0\"></span>e:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span>Costs dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o individual contracts and gr<span class=\"_ _c\"></span>oups of contracts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>Costs dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able to the portfolio of insur<span class=\"_ _c\"></span>ance contracts t<span class=\"_ _c\"></span>o which the group belongs<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e allocated on a r<span class=\"_ _c\"></span>easonable and consistent basis t<span class=\"_ _c\"></span>o measure the gr<span class=\"_ _c\"></span>oup of insurance contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance acquisition cash flows arising bef<span class=\"_ _c\"></span>ore the r<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _c\"></span>ecognised as an asset.<span class=\"_ _2\"></span> Insurance acquisition cash flows arise when the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e paid or when a liability is requir<span class=\"_ _c\"></span>ed to be r<span class=\"_ _c\"></span>ecognised under a standar<span class=\"_ _0\"></span>d other than IFRS 17.<span class=\"_ _2\"></span> Such an asset is r<span class=\"_ _0\"></span>ecognised for each gr<span class=\"_ _c\"></span>oup of contr<span class=\"_ _0\"></span>acts to which the insur<span class=\"_ _c\"></span>ance acquisition cash flows ar<span class=\"_ _c\"></span>e allocated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The asset is derecognised,<span class=\"_ _2\"></span> fully or partially<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the insurance acquisition cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e included in the measur<span class=\"_ _0\"></span>ement of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2d8\"> </span>Reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>abi<span class=\"_ _1\"></span>lity<span class=\"_ _0\"></span> assessment<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> if f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumstances indicat<span class=\"_ _c\"></span>e that an asset for insur<span class=\"_ _0\"></span>ance acquisition cash flows ma<span class=\"_ _0\"></span>y be impaired,<span class=\"_ _b\"></span> then<span class=\"_ _1\"></span> the<span class=\"_ gs41\"> </span>Gr<span class=\"_ _0\"></span>oup:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>Recognises an impairment loss in Pr<span class=\"_ _0\"></span>ofit or Loss so that the carrying amount of the asset does not exceed the expect<span class=\"_ _c\"></span>ed net cash inflow for<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>elated gr<span class=\"_ _c\"></span>oup<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the asset r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to futur<span class=\"_ _c\"></span>e rene<span class=\"_ _0\"></span>wals,<span class=\"_ _2\"></span> r<span class=\"_ _c\"></span>ecognises an impairment loss in Profit or L<span class=\"_ _c\"></span>oss to the ext<span class=\"_ _0\"></span>ent that it expects those insur<span class=\"_ _c\"></span>ance acquisition cash flows t<span class=\"_ _c\"></span>o exceed the net cash inflow f<span class=\"_ _0\"></span>or the expect<span class=\"_ _0\"></span>ed rene<span class=\"_ _0\"></span>wals and this e<span class=\"_ _0\"></span>xcess has not alr<span class=\"_ _0\"></span>eady been recognised as an impairment loss under (a)<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup rev<span class=\"_ _c\"></span>erses any impairment losses in Pr<span class=\"_ _c\"></span>ofit or Loss and incr<span class=\"_ _0\"></span>eases the carrying amount of the asset to the ext<span class=\"_ _c\"></span>ent that the impairment conditions hav<span class=\"_ _0\"></span>e impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>Modification and der<span class=\"_ _0\"></span>ecognition<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup derecognises insur<span class=\"_ _c\"></span>ance contracts when: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is extinguished (i.e.<span class=\"_ _2\"></span> when the obligation specified in the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act expir<span class=\"_ _c\"></span>es or is discharged or cancelled) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is modified and cer<span class=\"_ _1\"></span>tain additional crit<span class=\"_ _c\"></span>eria are met<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract is modified by the Gr<span class=\"_ _c\"></span>oup as a r<span class=\"_ _0\"></span>esult of an agreement with the count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties or due to a c<span class=\"_ _0\"></span>hange in r<span class=\"_ _0\"></span>egulations,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup treats changes in cash flo<span class=\"_ _0\"></span>ws caused by the modification as changes in estimat<span class=\"_ _c\"></span>es of the FCF<span class=\"_ _b\"></span>,<span class=\"_ _2\"></span> unless the conditions for the der<span class=\"_ _c\"></span>ecognition of the original contract ar<span class=\"_ _c\"></span>e met.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup derecognises the original contr<span class=\"_ _c\"></span>act and recognises the modified contr<span class=\"_ _c\"></span>act as a new contr<span class=\"_ _c\"></span>act if any of the f<span class=\"_ _0\"></span>ollowing conditions ar<span class=\"_ _c\"></span>e present:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the modified terms had been included at contr<span class=\"_ _c\"></span>act inception and the Gr<span class=\"_ _0\"></span>oup would hav<span class=\"_ _0\"></span>e concluded that the modified contr<span class=\"_ _c\"></span>act: <span class=\"_ _c9\"> </span>i.<span class=\"_ _c\"></span>  <span class=\"_ _7\"> </span>Is not in scope of IFRS 17 <span class=\"_ _c9\"> </span>ii.<span class=\"_ _c\"></span>  <span class=\"_ _3\"> </span>Results in diff<span class=\"_ _c\"></span>erent separ<span class=\"_ _c\"></span>able components <span class=\"_ _c9\"> </span>iii.<span class=\"_ _c\"></span>  <span class=\"_ _0\"></span>Results in a diff<span class=\"_ _c\"></span>erent contr<span class=\"_ _c\"></span>act boundar<span class=\"_ _1\"></span>y <span class=\"_ _c9\"> </span>iv<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span>  Belongs to a dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent group of contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>The original contr<span class=\"_ _c\"></span>act was accounted f<span class=\"_ _c\"></span>or under the P<span class=\"_ _c\"></span>AA,<span class=\"_ _2\"></span> but the modification means that the contract no longer meets the eligibility criteria f<span class=\"_ _c\"></span>or that approach<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract account<span class=\"_ _0\"></span>ed for under the P<span class=\"_ _2\"></span>AA is derecognised,<span class=\"_ _b\"></span> adjustments to the FCF t<span class=\"_ _0\"></span>o remo<span class=\"_ _c\"></span>ve r<span class=\"_ _0\"></span>elating rights and obligations,<span class=\"_ _2\"></span> and account f<span class=\"_ _0\"></span>or the eff<span class=\"_ _c\"></span>ect of the derecognition r<span class=\"_ _c\"></span>esult in the following amounts being char<span class=\"_ _c\"></span>ged immediately t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _0\"></span>act is extinguished,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the der<span class=\"_ _0\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC of the original contr<span class=\"_ _c\"></span>act and any other cash flows arising fr<span class=\"_ _c\"></span>om extinguishment<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _c\"></span>act is transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed to the thir<span class=\"_ _c\"></span>d par<span class=\"_ _1\"></span>ty<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net diff<span class=\"_ _c\"></span>erence betw<span class=\"_ _0\"></span>een the derecognised part of the LRC of the original contr<span class=\"_ _0\"></span>act and the pr<span class=\"_ _0\"></span>emium charged b<span class=\"_ _c\"></span>y the third party<span class=\"_ _2d8\"> </span>c.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the original contr<span class=\"_ _0\"></span>act is modified r<span class=\"_ _0\"></span>esulting in its der<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> any net dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the der<span class=\"_ _c\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC and the hypothetical pr<span class=\"_ _c\"></span>emium the entity would hav<span class=\"_ _0\"></span>e charged had it ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o a contr<span class=\"_ _c\"></span>act with equivalent terms as the ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>act at the date of the contr<span class=\"_ _c\"></span>act modification,<span class=\"_ _2\"></span> less any additional pr<span class=\"_ _c\"></span>emium charged f<span class=\"_ _0\"></span>or the modification<span class=\"_ _2d8\"> </span>(iv<span class=\"_ _c\"></span>) Presentation<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has present<span class=\"_ _0\"></span>ed separ<span class=\"_ _0\"></span>ately<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> in the Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the carrying amount of por<span class=\"_ _1\"></span>tfolios of insur<span class=\"_ _c\"></span>ance contracts issued<span class=\"_ _0\"></span> and portfolios of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has elected to disaggr<span class=\"_ _c\"></span>egate part of the mov<span class=\"_ _0\"></span>ement in LIC r<span class=\"_ _0\"></span>esulting fr<span class=\"_ _0\"></span>om the changes in discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and pr<span class=\"_ _0\"></span>esent this in the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup disaggregat<span class=\"_ _c\"></span>es the tot<span class=\"_ _0\"></span>al amount r<span class=\"_ _0\"></span>ecognised in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income int<span class=\"_ _0\"></span>o an insur<span class=\"_ _0\"></span>ance service result,<span class=\"_ _2\"></span> comprising insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue and insur<span class=\"_ _0\"></span>ance service expense,<span class=\"_ _2\"></span> and insur<span class=\"_ _0\"></span>ance finance income or expenses.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup does not disaggregat<span class=\"_ _0\"></span>e the change in risk adjustment for non-financial risk betw<span class=\"_ _0\"></span>een a financial and non-financial portion and includes the entir<span class=\"_ _0\"></span>e change as part of the insurance service r<span class=\"_ _0\"></span>esult.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup separat<span class=\"_ _0\"></span>ely pr<span class=\"_ _0\"></span>esents income or expenses fr<span class=\"_ _c\"></span>om reinsur<span class=\"_ _c\"></span>ance contracts held fr<span class=\"_ _c\"></span>om the expenses or income fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ gs41\"> </span>issued.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>NCE C<span class=\"_ _1\"></span>ONTR<span class=\"_ _1\"></span>ACTS I<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UE<span class=\"_ _1\"></span>D<span class=\"_ _2d8\"> </span>Insurance rev<span class=\"_ _0\"></span>enue<span class=\"_ _2d8\"> </span>As the Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>ovides insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act services under the group of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> it reduces the LRC and r<span class=\"_ _c\"></span>ecognises insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of pr<span class=\"_ _c\"></span>omised ser<span class=\"_ _1\"></span>vices at an amount that r<span class=\"_ _0\"></span>eflects the portion of consideration that the Gr<span class=\"_ _c\"></span>oup expects to be entitled t<span class=\"_ _c\"></span>o in exchange for those services.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures all insur<span class=\"_ _c\"></span>ance contracts under the P<span class=\"_ _2\"></span>AA and recognises insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue based on the passage of time ov<span class=\"_ _c\"></span>er the cov<span class=\"_ _c\"></span>erage period of a gr<span class=\"_ _c\"></span>oup of contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insurance service expenses<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance service expenses include the follo<span class=\"_ _c\"></span>wing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims and benefits <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to futur<span class=\"_ _c\"></span>e service \u2013 changes in the FCF that result in oner<span class=\"_ _c\"></span>ous contract losses or r<span class=\"_ _c\"></span>eversals of those losses<span class=\"_ _2d8\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws is based on the passage of time.<span class=\"_ _2d8\"> </span>Other expenses not meeting the abo<span class=\"_ _0\"></span>ve cat<span class=\"_ _c\"></span>egories are included in other oper<span class=\"_ _c\"></span>ating expenses in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E CON<span class=\"_ _1\"></span>TR<span class=\"_ _1\"></span>ACTS HE<span class=\"_ _1\"></span>LD<span class=\"_ _2d8\"> </span>Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _2\"></span>) from reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup presents separ<span class=\"_ _c\"></span>ately on the face of the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income,<span class=\"_ _2\"></span> the amounts expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers,<span class=\"_ _2\"></span> and an allocation of the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The net income/(expense) fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held comprise: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>For gr<span class=\"_ _c\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er fees ar<span class=\"_ _c\"></span>e included within reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hanges in the risk of r<span class=\"_ _0\"></span>einsurers\u2019<span class=\"_ _b\"></span> non-performance <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls3\">Amounts r<span class=\"_ _0\"></span>elating to accounting f<span class=\"_ _c\"></span>or onerous gr<span class=\"_ _c\"></span>oups of underlying insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></span>Reinsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _c\"></span>e recognised similarly t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of r<span class=\"_ _c\"></span>eceived insur<span class=\"_ _c\"></span>ance contract services at an amount that r<span class=\"_ _0\"></span>eflects the portion of ceding premiums that the Gr<span class=\"_ _0\"></span>oup expects t<span class=\"_ _0\"></span>o pay in exchange f<span class=\"_ _c\"></span>or those ser<span class=\"_ _1\"></span>vices.<span class=\"_ _2\"></span> Br<span class=\"_ _c\"></span>oker f<span class=\"_ _0\"></span>ees ar<span class=\"_ _0\"></span>e included in r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses.<span class=\"_ _b\"></span> All gr<span class=\"_ _0\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed under the P<span class=\"_ _c\"></span>AA and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised based on the passage of time ov<span class=\"_ _c\"></span>er the cover<span class=\"_ _c\"></span>age period of a group of contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S AN<span class=\"_ _1\"></span>D OTH<span class=\"_ _1\"></span>ER C<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>EH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>IVE I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>INSUR<span class=\"_ _1\"></span>ANCE FINANCE<span class=\"_ _0\"></span> INCOME OR EX<span class=\"_ _0\"></span>PEN<span class=\"_ _1\"></span>SES<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance finance income or expenses comprise the change in the carrying amount of the gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of the time value of mone<span class=\"_ _0\"></span>y and changes in the time value of mone<span class=\"_ _c\"></span>y <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of financial risk and changes in financial risk<span class=\"_ _2d8\"> </span>For contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> the main amounts within insurance finance income or e<span class=\"_ _0\"></span>xpenses ar<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed on the LIC<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _6\"> </span>The ef<span class=\"_ _c\"></span>fect of changes in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates and other financial assumptions<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup disaggregat<span class=\"_ _0\"></span>es insur<span class=\"_ _0\"></span>ance finance income or expenses on mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts issued between Pr<span class=\"_ _c\"></span>ofit or Loss and OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has made an accounting policy choice t<span class=\"_ _0\"></span>o disaggr<span class=\"_ _0\"></span>egate insur<span class=\"_ _c\"></span>ance finance income or expenses for the period t<span class=\"_ _c\"></span>o include within OCI an amount which r<span class=\"_ _0\"></span>eflects the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the carrying amount of a group of contr<span class=\"_ _c\"></span>acts and the amount that the group w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e been measur<span class=\"_ _0\"></span>ed at using the discount r<span class=\"_ _0\"></span>ates in ef<span class=\"_ _c\"></span>fect on initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> effectiv<span class=\"_ _c\"></span>ely reflecting the impact of discount r<span class=\"_ _c\"></span>ate changes on the opening liability for incurr<span class=\"_ _c\"></span>ed claims thr<span class=\"_ _0\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The amount r<span class=\"_ _0\"></span>ecognised in Other Compr<span class=\"_ _0\"></span>ehensive Income o<span class=\"_ _c\"></span>ver the dur<span class=\"_ _0\"></span>ation of a gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts will always t<span class=\"_ _c\"></span>otal zer<span class=\"_ _c\"></span>o.<span class=\"_ _2d8\"> </span>The impact of changes in mark<span class=\"_ _c\"></span>et inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on the v<span class=\"_ _c\"></span>alue of the insurance assets and liabilities ar<span class=\"_ _c\"></span>e reflect<span class=\"_ _0\"></span>ed in OCI in or<span class=\"_ _0\"></span>der to minimise<span class=\"_ _0\"></span> accounting mismatches between the accounting f<span class=\"_ _c\"></span>or financial assets and insurance assets and liabilities.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets backing the mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olios ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>edominantly measured at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span>RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Notes 3.6 and 3.7 f<span class=\"_ _0\"></span>or detail on risks r<span class=\"_ _c\"></span>elating to insur<span class=\"_ _c\"></span>ance liabilities and reinsur<span class=\"_ _c\"></span>ance assets,<span class=\"_ _2\"></span> and the management thereof<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>CRITI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span>AL A<span class=\"_ _c\"></span>C<span class=\"_ _1\"></span>COUNTIN<span class=\"_ _1\"></span>G ESTI<span class=\"_ _1\"></span>MA<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>S AND JUD<span class=\"_ _1\"></span>GEM<span class=\"_ _1\"></span>ENT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ation of these Consolidat<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _c\"></span>ements requir<span class=\"_ _c\"></span>es the Group t<span class=\"_ _0\"></span>o select accounting policies and mak<span class=\"_ _0\"></span>e estimates<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> assumptions and judgements.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The ke<span class=\"_ _c\"></span>y assumptions concerning the future and other k<span class=\"_ _0\"></span>ey sour<span class=\"_ _c\"></span>ces of estimation uncer<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ainty at the r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> that hav<span class=\"_ _0\"></span>e a significant risk of causing a material adjustment t<span class=\"_ _c\"></span>o the carr<span class=\"_ _1\"></span>ying amounts of assets and liabilities within the next financial y<span class=\"_ _0\"></span>ear<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> ar<span class=\"_ _0\"></span>e discussed below<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup based its assumptions and estimates on inf<span class=\"_ _c\"></span>ormation and facts av<span class=\"_ _0\"></span>ailable when the financial stat<span class=\"_ _c\"></span>ements wer<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>epared.<span class=\"_ _b\"></span> Existing circumst<span class=\"_ _0\"></span>ances and assumptions about futur<span class=\"_ _0\"></span>e dev<span class=\"_ _0\"></span>elopments,<span class=\"_ _2\"></span> ho<span class=\"_ _0\"></span>wev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> may change due to mark<span class=\"_ _c\"></span>et changes or cir<span class=\"_ _0\"></span>cumstances arising that ar<span class=\"_ _c\"></span>e beyond the contr<span class=\"_ _c\"></span>ol of the Group<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> Such changes are r<span class=\"_ _c\"></span>eflected in the assumptions when<span class=\"_ gs41\"> </span>they<span class=\"_ gs41\"> </span>occur<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup disaggr<span class=\"_ _0\"></span>egates inf<span class=\"_ _c\"></span>ormation to disclose major pr<span class=\"_ _c\"></span>oduct lines,<span class=\"_ _2\"></span> namely Motor <span class=\"_ _2\"></span>V<span class=\"_ _c\"></span>ehicle,<span class=\"_ _2\"></span> Mot<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG JUDG<span class=\"_ _1\"></span>EM<span class=\"_ _1\"></span>ENTS<span class=\"_ _2d8\"> </span>A<span class=\"_ _1\"></span>. Level of ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>ion a<span class=\"_ _1\"></span>nd me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>urem<span class=\"_ _1\"></span>ent mo<span class=\"_ _1\"></span>del fo<span class=\"_ _1\"></span>r ins<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>nce c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span>For measur<span class=\"_ _c\"></span>ement purposes,<span class=\"_ _2\"></span> insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts are aggr<span class=\"_ _c\"></span>egated int<span class=\"_ _c\"></span>o groups based on an assessment of risks and dividing each portfolio into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts by year of issue<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Judgement is r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed in assessing if the contr<span class=\"_ _0\"></span>acts have similar risks that ar<span class=\"_ _c\"></span>e managed together<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Each annual cohort is then divided into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> being contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> or an<span class=\"_ _0\"></span>y other contr<span class=\"_ _0\"></span>acts which do not fall int<span class=\"_ _c\"></span>o those categories.<span class=\"_ _b\"></span> Judgement<span class=\"_ gs41\"> </span>is applied t<span class=\"_ _0\"></span>o determine the pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts at initial recognition.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup applies the default assumption that no gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous unless facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e otherwise.<span class=\"_ _2\"></span> Fur<span class=\"_ _1\"></span>ther judgement is applied to det<span class=\"_ _c\"></span>ermine how contr<span class=\"_ _0\"></span>acts will be measur<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group applies the P<span class=\"_ _2\"></span>AA to simplify the measur<span class=\"_ _c\"></span>ement of all insurance contr<span class=\"_ _c\"></span>acts issued and reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The judgement around the P<span class=\"_ _2\"></span>AA has been disclosed in section B(iii) of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s accounting policies for insur<span class=\"_ _0\"></span>ance liabilities and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ gs41\"> </span>assets.<span class=\"_ _2d8\"> </span>B. Insurance acquisition cash flow<span class=\"_ _0\"></span>s<span class=\"_ _2d8\"> </span>IFRS 17 r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es an entity to include a portion of its ov<span class=\"_ _c\"></span>erhead costs that are dir<span class=\"_ _c\"></span>ectly attributable in fulfilling the obligations under an insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act,<span class=\"_ _2\"></span> in the fulfilment cash flows of the r<span class=\"_ _c\"></span>elated liability<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies judgement in determining the inputs used in the methodology to syst<span class=\"_ _c\"></span>ematically and rationally allocat<span class=\"_ _c\"></span>e insurance acquisition cash flows t<span class=\"_ _c\"></span>o groups of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes judgements about the amounts allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o arise fr<span class=\"_ _0\"></span>om rene<span class=\"_ _0\"></span>wals of e<span class=\"_ _0\"></span>xisting insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts in a gr<span class=\"_ _0\"></span>oup and the volume of e<span class=\"_ _0\"></span>xpected r<span class=\"_ _c\"></span>enewals fr<span class=\"_ _c\"></span>om new contr<span class=\"_ _0\"></span>acts issued in the period.<span class=\"_ _2\"></span> At the end of each r<span class=\"_ _0\"></span>eporting period,<span class=\"_ _2\"></span> the Group r<span class=\"_ _c\"></span>evisits the assumptions made to allocat<span class=\"_ _c\"></span>e insurance acquisition cash flo<span class=\"_ _0\"></span>ws to gr<span class=\"_ _c\"></span>oups,<span class=\"_ _2\"></span> and wher<span class=\"_ _0\"></span>e necessary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> re<span class=\"_ _0\"></span>vises the amounts of assets for insur<span class=\"_ _c\"></span>ance acquisition cash flows accor<span class=\"_ _0\"></span>dingly<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>C. Di<span class=\"_ _1\"></span>scou<span class=\"_ _1\"></span>nt rate<span class=\"_ _1\"></span>s<span class=\"_ _2d8\"> </span>As ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no ref<span class=\"_ _c\"></span>erenced asset portfolios backing the LIC<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> because of the volatility and uncertainty of claims on short-term insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup deemed it more appr<span class=\"_ _c\"></span>opriate t<span class=\"_ _0\"></span>o use the bottom-up appr<span class=\"_ _c\"></span>oach under IFRS 17 for discounting.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>This reflects a risk-fr<span class=\"_ _c\"></span>ee yield curve and an illiquidity pr<span class=\"_ _0\"></span>emium.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The standar<span class=\"_ _c\"></span>d does not specify how to calculat<span class=\"_ _c\"></span>e the illiquidity premium.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup uses the risk-free curves published b<span class=\"_ _0\"></span>y the Bank of England.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Solvency II GBP risk-fr<span class=\"_ _0\"></span>ee yield curve is based on six-month SONIA sw<span class=\"_ _0\"></span>ap r<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> corr<span class=\"_ _0\"></span>ected using an adjustment defined b<span class=\"_ _c\"></span>y the PRA for cr<span class=\"_ _0\"></span>edit risk.<span class=\"_ _2\"></span> SONIA-based yield curves ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed to cont<span class=\"_ _c\"></span>ain negligible cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> according t<span class=\"_ _c\"></span>o the Bank of England,<span class=\"_ _2\"></span> as the contracts that mak<span class=\"_ _c\"></span>e it up settle overnight.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has performed a number of analyses in det<span class=\"_ _0\"></span>ermining the choice of the illiquidity risk component,<span class=\"_ _2\"></span> including using the Solv<span class=\"_ _0\"></span>ency II volatility adjustment (\u201cV<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>\u201d).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The analyses did not identify an<span class=\"_ _0\"></span>y material dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ences in r<span class=\"_ _0\"></span>eserves.<span class=\"_ _2\"></span> Giv<span class=\"_ _0\"></span>en the natur<span class=\"_ _0\"></span>e of the liabilities and that ther<span class=\"_ _0\"></span>e is no penalty or surr<span class=\"_ _0\"></span>ender value t<span class=\"_ _c\"></span>o exit the insurance contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup applied judgement in setting the illiquidity risk component and has selected the <span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>A to be an appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oxy f<span class=\"_ _0\"></span>or the illiquidity adjustment.<span class=\"_ _2d8\"> </span>Discount r<span class=\"_ _0\"></span>ates applied f<span class=\"_ _c\"></span>or discounting of future cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e listed belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w1c5 h74\" id=\"_70e6a041-6dd2-468b-a3d3-2a4a99df54e1\"><tr><td></td><td></td><td class=\"c n x387 y2584 w1c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x388 y2584 w1c7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x389 y2585 w1c8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 year<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38a y2585 w1c9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38b y2585 w1ca h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38c y2585 w1cb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">10 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38d y2585 w1c8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 year<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38e y2585 w1c9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38f y2585 w1ca h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x390 y2585 w1cc h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">10 years<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance</div></td><td class=\"c n x391 y24cd w1cd h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _149\"> </span><span class=\"ff2 ls3a ws39\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>78%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"lsf5 ws106\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x392 y24bc w1ce h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf5 ws106\">3.77<span class=\"_ _1\"></span>%\ue01d<span class=\"_ _e4\"> </span><span class=\"lsde wse9\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x393 y24bc w1cf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsde wse9\">3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1%<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x394 y24bc w1d0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls11 ws14\"><span class=\"_ gs102\"> </span>4.29%\ue01d</div></td><td class=\"c n x395 y24bc w1d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.7<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>%\ue01e</div></td><td class=\"c n x396 y24bc w1d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.39%\ue01e</div></td><td class=\"c n x397 y24bc w1d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4.28%\ue01e</div></td><td class=\"c n x398 y24bc w1d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>%\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>See Note 3.6 f<span class=\"_ _c\"></span>or the impact of a 1% increase or decr<span class=\"_ _c\"></span>ease in the discount rat<span class=\"_ _c\"></span>es used.<span class=\"_ _2d8\"> </span>D<span class=\"_ _0\"></span>. Risk adj<span class=\"_ _0\"></span>ustment f<span class=\"_ _0\"></span>or non-<span class=\"_ _1\"></span>financial risk<span class=\"_ _2d8\"> </span>The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is the compensation that the Gr<span class=\"_ _0\"></span>oup requir<span class=\"_ _c\"></span>es for bearing the uncertainty about the amount and timing of the cash flows of gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risk adjustment reflects an amount that an insur<span class=\"_ _c\"></span>er would r<span class=\"_ _0\"></span>ationally pay t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emov<span class=\"_ _0\"></span>e the uncertainty that futur<span class=\"_ _0\"></span>e cash flows could e<span class=\"_ _0\"></span>xceed the expect<span class=\"_ _0\"></span>ed value amount.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has estimated the risk adjustment using a methodology which t<span class=\"_ _0\"></span>argets a confidence le<span class=\"_ _0\"></span>vel (pr<span class=\"_ _c\"></span>obability of sufficiency) appr<span class=\"_ _c\"></span>oach between the 80th and 90th per<span class=\"_ _c\"></span>centile.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At 31 December 2025,<span class=\"_ _2\"></span> the net risk adjustment applied equates t<span class=\"_ _c\"></span>o an appro<span class=\"_ _0\"></span>ximat<span class=\"_ _0\"></span>e confidence interv<span class=\"_ _0\"></span>al of 81.4% (31 December 2024:<span class=\"_ _c\"></span> 80.6%).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>That is,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup has assessed its indiff<span class=\"_ _c\"></span>erence t<span class=\"_ _0\"></span>o uncertainty for all pr<span class=\"_ _c\"></span>oduct lines (as an indication of the compensation that it r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing non-financial risk) as being equiv<span class=\"_ _0\"></span>alent t<span class=\"_ _0\"></span>o the 80th to 90th per<span class=\"_ _c\"></span>centile confidence lev<span class=\"_ _0\"></span>el less the mean of an estimat<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>obability distribution of the future cash flo<span class=\"_ _c\"></span>ws.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup has estimat<span class=\"_ _0\"></span>ed the pr<span class=\"_ _0\"></span>obability distribution of the futur<span class=\"_ _0\"></span>e cash flows,<span class=\"_ _b\"></span> and the additional amount above the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>esent value of futur<span class=\"_ _0\"></span>e cash flows r<span class=\"_ _c\"></span>equired t<span class=\"_ _c\"></span>o meet the tar<span class=\"_ _c\"></span>get<span class=\"_ gs41\"> </span>percentiles<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Sabr<span class=\"_ _0\"></span>e uses a <span class=\"_ _2\"></span>\u2018bootstr<span class=\"_ _0\"></span>apping\u2019<span class=\"_ _2\"></span> method to cr<span class=\"_ _c\"></span>eate a distribution of outcomes f<span class=\"_ _0\"></span>or the outstanding c<span class=\"_ _0\"></span>laim amounts.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This distribution is assessed to calculat<span class=\"_ _c\"></span>e the risk adjustment at a chosen confidence level.<span class=\"_ _b\"></span> Bootstrapping in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es taking r<span class=\"_ _0\"></span>andom samples of the dat<span class=\"_ _0\"></span>a for analysis,<span class=\"_ _b\"></span> r<span class=\"_ _0\"></span>ather than using the full dataset.<span class=\"_ _b\"></span> Multiple random samples ar<span class=\"_ _c\"></span>e selected,<span class=\"_ _2\"></span> with each r<span class=\"_ _c\"></span>andom sample selected fr<span class=\"_ _0\"></span>om the full dat<span class=\"_ _0\"></span>aset.<span class=\"_ _2d8\"> </span>See Note 3.6 f<span class=\"_ _c\"></span>or the impact of moving the confidence int<span class=\"_ _0\"></span>erval of the book<span class=\"_ _0\"></span>ed risk adjustment up or down b<span class=\"_ _0\"></span>y 5ppts.<span class=\"_ _2d8\"> </span>CRITI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span>AL A<span class=\"_ _c\"></span>C<span class=\"_ _1\"></span>COUNTIN<span class=\"_ _1\"></span>G ESTI<span class=\"_ _1\"></span>MA<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>E. Liability for inc<span class=\"_ _0\"></span>urred claims<span class=\"_ _0\"></span> (<span class=\"_ _0\"></span>\u201cLIC\u201d<span class=\"_ _0\"></span>)<span class=\"_ _2d8\"> </span>The ultimat<span class=\"_ _0\"></span>e cost of outstanding claims is estimat<span class=\"_ _c\"></span>ed by using a r<span class=\"_ _0\"></span>ange of st<span class=\"_ _0\"></span>andard actuarial claims pr<span class=\"_ _c\"></span>ojection techniques<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as Chain<span class=\"_ gs41\"> </span>Ladder and Bornheutter<span class=\"_ _c\"></span>-Fer<span class=\"_ _0\"></span>guson methods.<span class=\"_ _2d8\"> </span>The main assumption underlying these t<span class=\"_ _0\"></span>echniques is that a Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s past claims dev<span class=\"_ _0\"></span>elopment experience can be used t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>oject futur<span class=\"_ _0\"></span>e claims dev<span class=\"_ _0\"></span>elopment and hence ultimat<span class=\"_ _0\"></span>e claims costs.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These methods extr<span class=\"_ _0\"></span>apolat<span class=\"_ _0\"></span>e the dev<span class=\"_ _0\"></span>elopment of paid and incurr<span class=\"_ _0\"></span>ed losses,<span class=\"_ _2\"></span> av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age costs per claim (including claims handling costs),<span class=\"_ _2\"></span> and claim numbers based on the observ<span class=\"_ _0\"></span>ed dev<span class=\"_ _0\"></span>elopment of earlier years and expect<span class=\"_ _0\"></span>ed loss r<span class=\"_ _0\"></span>atios.<span class=\"_ _2\"></span> Hist<span class=\"_ _0\"></span>orical claims dev<span class=\"_ _c\"></span>elopment is mainly analysed by accident years,<span class=\"_ _b\"></span> but can also be fur<span class=\"_ _1\"></span>ther analysed by geogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _0\"></span>ea,<span class=\"_ _2\"></span> as well as b<span class=\"_ _0\"></span>y significant business lines and claim types.<span class=\"_ _2\"></span> Lar<span class=\"_ _0\"></span>ge claims ar<span class=\"_ _0\"></span>e usually separ<span class=\"_ _0\"></span>ately addr<span class=\"_ _c\"></span>essed,<span class=\"_ _2\"></span> either by being r<span class=\"_ _0\"></span>eserved at the f<span class=\"_ _0\"></span>ace value of loss adjust<span class=\"_ _0\"></span>er estimat<span class=\"_ _0\"></span>es or separ<span class=\"_ _0\"></span>ately pr<span class=\"_ _c\"></span>ojected in or<span class=\"_ _c\"></span>der to r<span class=\"_ _0\"></span>eflect their futur<span class=\"_ _0\"></span>e dev<span class=\"_ _0\"></span>elopment.<span class=\"_ _2\"></span> In most cases,<span class=\"_ _2\"></span> no explicit assumptions ar<span class=\"_ _c\"></span>e made regar<span class=\"_ _0\"></span>ding futur<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ates of c<span class=\"_ _0\"></span>laims inflation or loss r<span class=\"_ _0\"></span>atios.<span class=\"_ _2\"></span> Inst<span class=\"_ _0\"></span>ead,<span class=\"_ _2\"></span> the assumptions used ar<span class=\"_ _0\"></span>e those implicit in the historical c<span class=\"_ _0\"></span>laims dev<span class=\"_ _0\"></span>elopment data on which the pr<span class=\"_ _c\"></span>ojections ar<span class=\"_ _0\"></span>e based.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Additional qualitativ<span class=\"_ _c\"></span>e judgement is used to assess the ext<span class=\"_ _c\"></span>ent to whic<span class=\"_ _0\"></span>h past tr<span class=\"_ _0\"></span>ends may not apply in futur<span class=\"_ _0\"></span>e (e.g.<span class=\"_ _2\"></span> t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect one-off occurr<span class=\"_ _c\"></span>ences,<span class=\"_ _2\"></span> changes in ext<span class=\"_ _0\"></span>ernal or mark<span class=\"_ _0\"></span>et fact<span class=\"_ _c\"></span>ors such as public attitudes to c<span class=\"_ _0\"></span>laiming,<span class=\"_ _2\"></span> economic conditions,<span class=\"_ _2\"></span> lev<span class=\"_ _c\"></span>els of claims inflation,<span class=\"_ _2\"></span> judicial decisions and legislation,<span class=\"_ _2\"></span> as well as internal f<span class=\"_ _c\"></span>actors such as portfolio mix,<span class=\"_ _2\"></span> policy featur<span class=\"_ _c\"></span>es and claims handling pr<span class=\"_ _0\"></span>ocedures) in or<span class=\"_ _c\"></span>der to arriv<span class=\"_ _0\"></span>e at the estimated ultimat<span class=\"_ _c\"></span>e cost of claims that present the pr<span class=\"_ _0\"></span>obability weight<span class=\"_ _c\"></span>ed expected v<span class=\"_ _0\"></span>alue outcome fr<span class=\"_ _0\"></span>om the r<span class=\"_ _0\"></span>ange of possible outcomes,<span class=\"_ _2\"></span> t<span class=\"_ _0\"></span>aking account of all the uncertainties inv<span class=\"_ _c\"></span>olved.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has the right to pursue thir<span class=\"_ _0\"></span>d par<span class=\"_ _1\"></span>ties f<span class=\"_ _0\"></span>or payment of some or all costs.<span class=\"_ _2\"></span> Estimat<span class=\"_ _0\"></span>es of salvage r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>eries and subr<span class=\"_ _0\"></span>ogation r<span class=\"_ _0\"></span>eimbursements ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed as an allowance in the measur<span class=\"_ _c\"></span>ement of ultimate claims costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Other k<span class=\"_ _0\"></span>ey cir<span class=\"_ _c\"></span>cumstances af<span class=\"_ _0\"></span>fecting the r<span class=\"_ _0\"></span>eliability of assumptions include variation in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and delays in settlement.<span class=\"_ _2d8\"> </span>The k<span class=\"_ _0\"></span>ey estimat<span class=\"_ _c\"></span>es in calculating the LIC are the amount and timing of futur<span class=\"_ _c\"></span>e claims payments in relation t<span class=\"_ _c\"></span>o claims already incurr<span class=\"_ _c\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This is primarily assessed with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to past perf<span class=\"_ _0\"></span>ormance,<span class=\"_ _2\"></span> including past settlement patt<span class=\"_ _0\"></span>erns,<span class=\"_ _2\"></span> as per the actuarial methodology outlined abov<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes estimating the lik<span class=\"_ _0\"></span>ely changes in inflation as r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to claims alr<span class=\"_ _c\"></span>eady incurred,<span class=\"_ _2\"></span> as w<span class=\"_ _0\"></span>ell as the expect<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>equency of claims which hav<span class=\"_ _0\"></span>e occurr<span class=\"_ _0\"></span>ed but which hav<span class=\"_ _0\"></span>e not yet been r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ted.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The ongoing cost of handling claims alr<span class=\"_ _c\"></span>eady incurred is estimat<span class=\"_ _0\"></span>ed  with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to the hist<span class=\"_ _0\"></span>orical cost-per<span class=\"_ _c\"></span>-claim calculated o<span class=\"_ _0\"></span>ver the past 12 months.<span class=\"_ _2d8\"> </span>See Note 3.6 f<span class=\"_ _c\"></span>or the impact of a 5ppts increase in loss r<span class=\"_ _c\"></span>atio and the impact of a 5% increase in outst<span class=\"_ _c\"></span>anding claims.<span class=\"_ _2d8\"> </span><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs25b\">3.<span class=\"_ _c\"></span>1. COM<span class=\"_ _1\"></span>POS<span class=\"_ _1\"></span>IT<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F TH<span class=\"_ _1\"></span>E STA<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>T OF F<span class=\"_ _1\"></span>INAN<span class=\"_ _1\"></span>CIA<span class=\"_ _1\"></span>L POS<span class=\"_ _1\"></span>IT<span class=\"_ _1\"></span>ION<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs25c\">An analysis of the amounts pr<span class=\"_ _0\"></span>esented in the St<span class=\"_ _c\"></span>atement of Financial Position f<span class=\"_ _c\"></span>or insurance contr<span class=\"_ _c\"></span>acts is included in the table belo<span class=\"_ _0\"></span>w<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"gs25d\"><table class=\"s w1d5 h75\" id=\"_50335955-6abd-4572-b3e4-ce4ff28face6\"><tr><td></td><td></td><td></td><td class=\"t m0 x399 h29 y2586 ff2 fs22 fc2 sc0 ls0 ws0\">As at December<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x1d6 y2587 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2587 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x1d8 y2588 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x1d9 y2588 w16 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1da y2588 w16 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1db h12 y2589 ff2 fs7 fc2 sc0 lsd6 ws14\">Insurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h3e y258a ff22 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2e9 y258b w1d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle <span class=\"_ _1\"></span>insur<span class=\"_ _0\"></span>ance</div></td><td></td><td></td><td class=\"c n x39a y258c w1d7 h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws10c\"><span class=\"_ _1bf\"> </span><span class=\"ff2 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>19<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _109\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x39b y258b w1d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">3<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>767<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x2e9 y258d w1d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance</div></td><td></td><td></td><td class=\"c n x39c y258e w1da h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1c0\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span></span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x39d y258d w1db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>321<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x2e9 y258f w170 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x39e y2590 w1dc h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\">,252<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x39f y258f w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>65<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x3a0 y258f w1dd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>3<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1db h3e y2591 ff22 fs7 fc2 sc0 ls0 ws0\">Asset for insur<span class=\"_ _c\"></span>ance acquisition cash flows<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2e9 y2592 w1d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle <span class=\"_ _1\"></span>insur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3a1 y2592 w1de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">3.3<span class=\"_ _6e\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3a2 y2592 w1df h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"ff2 lse1 wsed\">(<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,18<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _70\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3a3 y2592 w1e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>8)<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x2e9 y2593 w1d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3a1 y2593 w30 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">3.3</div></td><td></td><td class=\"c n x3a4 y2593 w1e1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ _117\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>6)<span class=\"_ _5e\"> </span></span><span class=\"ls4d ws8d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3a5 y2593 w1e2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\">(88<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x2e9 y2594 w170 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3a1 y2594 w30 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">3.3</div></td><td></td><td class=\"c n x3a4 y2594 w1e3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ _144\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _43\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3a6 y2594 w1e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2595 w1e5 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal insurance con<span class=\"_ _0\"></span>tract liabilities</div></td><td></td><td class=\"c n x3a7 y2595 w1e6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>46<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3a8 y2595 w1e7 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">0<span class=\"_ _1\"></span>,682\ue01d</div></td><td class=\"c n x3a9 y2595 w1e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>39<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3aa y2595 w1e9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">924\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1db h12 y2596 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance contrac<span class=\"_ _0\"></span>ts assets<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2e9 y2597 w1ea h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle <span class=\"_ _1\"></span>insur<span class=\"_ _0\"></span>ance<span class=\"_ _1c6\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x3ab y2598 w1eb h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws10c\"><span class=\"ff2 ls25 ws27\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3ac y2597 w1ec h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">13<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x2e9 y255c w1d9 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x3ad y255c w1ed h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\">,4<span class=\"_ _1\"></span>69\ue01d</div></td><td class=\"c n x3ae y255c w147 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>20</div></td><td></td><td class=\"c n x3af y255c w1ee h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>5,0<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3b0 y255c w157 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y24bb w170 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi insur<span class=\"_ _c\"></span>ance</div></td><td></td><td></td><td class=\"c n x39f y2599 w1ef h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls7e ws56\"><span class=\"_ gs102\"> </span>38,359<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _17d\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x3b1 y24bb w1f0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">1<span class=\"_ _c\"></span>1,<span class=\"_ _1\"></span>76<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y24bc w1f1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal reinsurance con<span class=\"_ _0\"></span>tract assets<span class=\"_ _1c8\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x3b2 y2522 w1f2 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls4b ws4e\">216<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e7\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x3b3 y24bc w1f3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\"><span class=\"ls4b ws4e\"><span class=\"ff4 ls99 ws9d\">16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>8<span class=\"_ _2d8\"> </span></span></span><span class=\"ls4b ws4e\"><span class=\"ff4 ls99 ws9d\"><span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span></div></td><td></td></tr></table></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs25f\">3.<span class=\"_ _1\"></span>2. M<span class=\"_ _1\"></span>OVEM<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>TS I<span class=\"_ _1\"></span>N IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E AN<span class=\"_ _1\"></span>D RE<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE CO<span class=\"_ _1\"></span>NTR<span class=\"_ _1\"></span>ACT BAL<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs260\">3.2.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. Insurance contrac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs261\">Reconciliation of liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and the liability for incurr<span class=\"_ _c\"></span>ed claims<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs262\">2025<span class=\"_ _1c9\"> </span>2024<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs263\">Liabilities for </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs264\">Remaining </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs265\">Cov<span class=\"_ _0\"></span>erage </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs266\">(\u201cLRC\u201d)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs267\">Liabilities for Incurr<span class=\"_ _0\"></span>ed Claims </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs268\">(\u201cLIC\u201d)<span class=\"_ _1ca\"> </span>T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs269\">Liabilities for </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs26a\">Remaining </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs26b\">Cov<span class=\"_ _0\"></span>erage </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs26c\">(\u201cLRC\u201d)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs26d\">Liabilities for Incurr<span class=\"_ _0\"></span>ed Claims </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs26e\">(\u201cLIC\u201d)<span class=\"_ _1ca\"> </span>T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs26f\">In \u00a3\u2019k<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs270\">Estimates of </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs271\">present v<span class=\"_ _0\"></span>alue </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs272\">of future cash </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs273\">flows<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs274\">Risk </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs275\">adjustment for </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs276\">non-financial </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs277\">risk<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs278\">Estimates of </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs279\">present v<span class=\"_ _0\"></span>alue </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs27a\">of future cash </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs27b\">flows<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs27c\">Risk </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs27d\">adjustment for </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs27e\">non-financial </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs27f\">risk<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 lsd6 ws14 gs280\">Opening insurance con<span class=\"_ _0\"></span>tract liabilities<span class=\"_ _1cb\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10e\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>270<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>57<span class=\"_ _c\"></span>,957<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _83\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>7,9<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ff4 ls5 ws7\"><span class=\"_ gs41\"> </span>63,0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>258,358<span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>473<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls1d ws31 gs281\">Insurance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue<span class=\"_ _1cc\"> </span><span class=\"lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>990)<span class=\"_ _b1\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _2b\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>(2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>990)<span class=\"_ _106\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>(248,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _41\"> </span></span><span class=\"_ gs41\"> </span>(248,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls1d ws31 gs282\">Insurance s<span class=\"_ _0\"></span>ervice expens<span class=\"_ _0\"></span>es<span class=\"_ _1cd\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e7\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _6d\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>4,48<span class=\"_ _1\"></span>4<span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>15<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs283\">Incurr<span class=\"_ _0\"></span>ed claims and other dir<span class=\"_ _0\"></span>ectly attributable e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1ce\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _10e\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>19<span class=\"_ _1\"></span>,15<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"ls4e ws50\"><span class=\"_ gs102\"> </span>162,52<span class=\"_ _1\"></span>0<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></span></span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>14<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs284\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC<span class=\"_ _1cf\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,7<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>513<span class=\"_ _1\"></span>)<span class=\"_ _7e\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _11c\"> </span></span></span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span></span><span class=\"_ gs41\"> </span>4,224<span class=\"_ gs41\"> </span><span class=\"_ _3a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _0\"></span>0,5<span class=\"_ _1\"></span>04)<span class=\"_ _69\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs285\">Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws<span class=\"_ _1d0\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></span><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>66<span class=\"_ gs41\"> </span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 lsd1 ws3f gs286\">Insurance service r<span class=\"_ _0\"></span>esult<span class=\"_ _1d1\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span>(201,237)<span class=\"_ _28\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span>(4<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _2b\"> </span><span class=\"ff4 ls93 ws97\"><span class=\"_ gs41\"> </span>(229<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>965)<span class=\"_ _e5\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>4,4<span class=\"_ _1\"></span>84<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"_ gs41\"> </span>(93,4<span class=\"_ _0\"></span>70)<span class=\"_ _2d8\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs287\">Insur<span class=\"_ _0\"></span>ance finance expense r<span class=\"_ _c\"></span>ecognised in Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account<span class=\"_ _1d2\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,9<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,9<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span></span><span class=\"_ gs41\"> </span>8,392<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span><span class=\"_ gs41\"> </span>8,392<span class=\"_ gs41\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs288\">Insur<span class=\"_ _0\"></span>ance finance expense/(income) r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _46\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e4\"> </span><span class=\"lsb1 wsb9\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>808<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e4\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>5,<span class=\"_ _c\"></span>808<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _a0\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 lsd6 ws14 gs289\">T<span class=\"_ _c\"></span>otal changes in<span class=\"_ _0\"></span> Comprehensive<span class=\"_ _0\"></span> Income<span class=\"_ _1d3\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span>(201,237)<span class=\"_ _106\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _3a\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>(27<span class=\"_ _c\"></span>,72<span class=\"_ _1\"></span>3)<span class=\"_ _2a\"> </span><span class=\"ff4 ls93 ws97\"><span class=\"_ gs41\"> </span>(229<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>965)<span class=\"_ _83\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _1\"></span>3,551<span class=\"_ gs41\"> </span><span class=\"_ _67\"> </span><span class=\"_ gs41\"> </span>4,48<span class=\"_ _1\"></span>4<span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"_ gs41\"> </span>(91<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>93<span class=\"_ _1\"></span>0)<span class=\"_ _2d8\"> </span></span></span></span></span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls46 ws0 gs28a\">Ca<span class=\"_ _1\"></span>sh fl<span class=\"_ _1\"></span>ows<span class=\"_ _161\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs28d\">Pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>eceived<span class=\"_ _1d4\"> </span><span class=\"ff2 ls84 ws83\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>82<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span></span><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>82<span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span></span><span class=\"ls63 wsa5\"><span class=\"_ gs41\"> </span>254<span class=\"_ _1\"></span>,389<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span></span><span class=\"_ gs41\"> </span>254,3<span class=\"_ _1\"></span>89<span class=\"_ gs41\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs28e\">Claims and other insur<span class=\"_ _0\"></span>ance services expenses paid<span class=\"_ _13d\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _11c\"> </span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _1d5\"> </span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>21<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _11c\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>21<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs28f\">Insur<span class=\"_ _0\"></span>ance acquisition cash flows<span class=\"_ _1d6\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _df\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"> </span>5<span class=\"_ _8\"></span>)<span class=\"_ _a0\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _de\"> </span></span><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1a\"></span>17,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"></span>)<span class=\"_ _2d8\"> </span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls46 ws0 gs290\">Total ca<span class=\"_ _1\"></span>sh flo<span class=\"_ _1\"></span>ws<span class=\"_ _1d7\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>012<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _65\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>81<span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"ff4 ls1d ws1f\"><span class=\"_ gs41\"> </span>236<span class=\"_ _0\"></span>,484<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _11c\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>115,<span class=\"_ _8\"></span>015<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 lsd6 ws14 gs291\">Closing insurance con<span class=\"_ _0\"></span>tract liabilities<span class=\"_ _1d8\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _53\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,779<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span>7<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0,68<span class=\"_ _1\"></span>2<span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs41\"> </span>69<span class=\"_ _c\"></span>,527<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span>270,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>57<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>57<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>397<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>924<span class=\"_ _2d8\"> </span></span></span></span></span></span></span></span></span><span class=\"ls25 ws27\"><span class=\"ls8e ws91\"><span class=\"ls41 wsf0\"><span class=\"ls2f ws85\"><span class=\"ff4 ls7c ws93\"><span class=\"ls3a ws39\"><span class=\"ls41 wsf0\"><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></span></div>3.2.2<span class=\"_ _1\"></span>. Reinsurance<span class=\"_ _0\"></span> contracts held<span class=\"_ _2d8\"> </span>Reconciliation of assets for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and the assets for incurr<span class=\"_ _c\"></span>ed claims<span class=\"_ _2d8\"> </span><table class=\"s w1f4 h76\" id=\"_c3c98601-76e8-4ad0-b483-917605873c3f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c n x3b4 y259a w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x3b5 y259a w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b6 h29 y259b ff2 fs22 fc2 sc0 ls0 ws0\">Assets for </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3b7 h29 y259c ff2 fs22 fc2 sc0 ls0 ws0\">Assets for </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h29 y259d ff2 fs22 fc2 sc0 ls0 ws0\">remaining </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3b9 h29 y259e ff2 fs22 fc2 sc0 ls0 ws0\">remaining </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x3ba y259f w1f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">cov<span class=\"_ _0\"></span>erage<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3bb y259f w1f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Assets for incurred claims<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3bc y259f w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x3bd y25a0 w1f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">cov<span class=\"_ _0\"></span>erage<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3be y25a0 w1f8 h5d\" colspan=\"2\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Assets for incurred claims<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x3bf y25a0 w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c0 h29 y25a1 ff2 fs22 fc2 sc0 ls0 ws0\">Estimates of </td><td></td><td class=\"t m0 x3c1 h29 y25a2 ff2 fs22 fc2 sc0 ls0 ws0\">Risk </td><td></td><td></td><td></td><td class=\"t m0 x3c2 h29 y25a3 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">Estimates of </td><td></td><td class=\"t m0 x3c3 h29 y25a4 ff2 fs22 fc2 sc0 ls0 ws0\">Risk </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c4 h29 y25a5 ff2 fs22 fc2 sc0 ls0 ws0\">present v<span class=\"_ _0\"></span>alue </td><td></td><td class=\"t m0 x3c5 h29 y25a6 ff2 fs22 fc2 sc0 ls0 ws0\">adjustment for </td><td></td><td></td><td></td><td class=\"t m0 x3c6 h29 y25a7 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">present v<span class=\"_ _0\"></span>alue </td><td></td><td class=\"t m0 x3c7 h29 y25a8 ff2 fs22 fc2 sc0 ls0 ws0\">adjustment for </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c8 h29 y25a9 ff2 fs22 fc2 sc0 ls0 ws0\">of future cash </td><td></td><td class=\"t m0 x3c9 h29 y25aa ff2 fs22 fc2 sc0 ls0 ws0\">non-financial </td><td></td><td></td><td></td><td class=\"t m0 x3c6 h29 y25ab ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">of future cash </td><td></td><td class=\"t m0 x3ca h29 y25ac ff2 fs22 fc2 sc0 ls0 ws0\">non-financial </td><td></td></tr><tr><td class=\"t m0 x1db h29 y25ad ff2 fs22 fc2 sc0 ls0 ws0\">In \u00a3\u2019k<span class=\"_ _2d8\"> </span></td><td></td><td></td><td class=\"t m0 x3cb h29 y25ae ff2 fs22 fc2 sc0 ls0 ws0\">flows<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x3cc h29 y25af ff2 fs22 fc2 sc0 ls0 ws0\">risk<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x3cd h29 y25b0 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">flows<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x3ce h29 y25b1 ff2 fs22 fc2 sc0 ls0 ws0\">risk<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y25b2 w1f9 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">Opening reinsurance con<span class=\"_ _0\"></span>tract assets</div></td><td class=\"c n x3cf y25b2 w1fa h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _53\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3d0 y25b2 w1fb h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x3d1 y25b2 w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3d2 y25b2 w1fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">3,6<span class=\"_ _1\"></span>53\ue01d<span class=\"_ _41\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3d3 y25b3 w1fe h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls4b ws4e\">16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"ff4 ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3d4 y25b4 w1ff h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls88 ws89\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>075<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x3d5 y25b2 w200 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x3d6 y25b4 w201 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _109\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>41,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _3a\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x3d7 y25b2 w202 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse3 ws1\">16<span class=\"_ _1\"></span>6,72<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25b5 w203 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _0\"></span> held</div></td><td class=\"c n x3d8 y25b5 w204 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)<span class=\"_ _8c\"> </span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3d9 y25b5 w205 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,37<span class=\"_ _1\"></span>7\ue01d<span class=\"_ _4c\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3da y25b5 w206 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x3db y25b5 w1e7 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>30<span class=\"_ _1\"></span>,68<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3dc y25b5 w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">0\ue01d</div></td><td class=\"c n x3dd y25b5 w20 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)</div></td><td class=\"c n x3de y25b5 w207 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>10,59<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3df y25b5 w151 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">1\ue01e</div></td><td></td><td class=\"c n x3e0 y25b5 w208 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2,435<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span></div></td><td class=\"c n x3e1 y25b5 w209 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20,591<span class=\"_ _2\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25b6 w1e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance expense</div></td><td class=\"c n x3e2 y25b6 w20a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>872)</div></td><td></td><td class=\"c n x3e3 y25b6 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3e4 y25b6 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x3e5 y25b6 w20b h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,872)</div></td><td class=\"c n x3e6 y25b6 w20 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)</div></td><td></td><td class=\"c n x3e7 y25b6 w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x3e8 y25b6 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x3e9 y25b6 w20c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25b7 w20d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y</div></td><td class=\"c n x3ea y25b7 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3eb y25b8 w20e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>33,626<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3ec y25b8 w20f h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>78<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3ed y25b7 w210 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span></div></td><td class=\"c n x3ee y25b7 w211 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3ef y25b7 w212 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>23<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x3f0 y25b9 w213 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x3f1 y25b7 w214 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa1 wsa3\">1<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25ba w215 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice</div></td><td class=\"c n x3f2 y25ba w216 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3f3 y25bb w217 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls5b ws5c\">9,<span class=\"_ _1\"></span>751<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3f4 y25ba w218 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _73\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3f5 y25ba w219 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span></div></td><td class=\"c n x3f6 y25ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x3f7 y25ba w21a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _e7\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3f8 y25ba w21b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _4c\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x3f9 y25ba w21c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>412<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25bc w21d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance finance income r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account</div></td><td class=\"c n x3fa y25bc wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3fb y25bc w21e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>36\ue01d</div></td><td></td><td class=\"c n x3fc y25bc we0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x3fd y25bc w1a6 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x3fe y25bc w21f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3ff y25bc w220 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _ee\"> </span></div></td><td></td><td class=\"c n x400 y25bc w221 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x401 y25bc w36 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>714<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25bd w222 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls46 ws0\">Reinsur<span class=\"_ _0\"></span>ance finance income/(expense) r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _0\"></span>e Income</div></td><td class=\"c n x402 y25bd we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x403 y25bd w223 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td></td><td class=\"c n x404 y25bd we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x405 y25bd w224 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x406 y25bd wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x407 y25bd w67 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td><td></td><td class=\"c n x408 y25bd w225 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x409 y25bd w226 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">(5,<span class=\"_ _1\"></span>88<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25be w227 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal changes in<span class=\"_ _0\"></span> Comprehensive<span class=\"_ _0\"></span> Income</div></td><td class=\"c n x40a y25be w228 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)</div></td><td class=\"c n x40b y25be w229 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs102\"> </span>50,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x40c y25bf w22a h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls32 ws33\">469<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x40d y25be w22b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5</div></td><td class=\"c n x40e y25bf w22c h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span></span></div></td><td class=\"c n x40f y25be w22d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7)</div></td><td></td><td class=\"c n x410 y25be w22e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,<span class=\"_ _1\"></span>42<span class=\"_ _0\"></span>5\ue01e</div></td><td></td><td class=\"c n x411 y25be w22f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2,<span class=\"_ _1\"></span>435\ue01e</div></td><td class=\"c n x412 y25be w230 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(22,<span class=\"_ _c\"></span>75<span class=\"_ _0\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y25c0 ff2 fs7 fc2 sc0 ls46 ws0\">Ca<span class=\"_ _1\"></span>sh fl<span class=\"_ _1\"></span>ows<span class=\"_ _161\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25c1 w231 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>emiums paid</div></td><td class=\"c n x413 y25c1 w232 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1dd\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span></div></td><td></td><td class=\"c n x414 y25c1 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x415 y25c1 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x416 y25c1 w233 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x417 y25c2 w234 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\">3<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span></span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x418 y25c1 w235 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span></div></td><td></td><td class=\"c n x419 y25c1 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span></div></td><td></td><td class=\"c n x41a y25c1 w236 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _69\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x41b y25c1 w237 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c3 w238 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Recov<span class=\"_ _c\"></span>eries receiv<span class=\"_ _0\"></span>ed</div></td><td class=\"c n x41c y25c3 w239 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x41d y25c3 w23a h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x41e y25c3 we0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x41f y25c3 w23b h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"_ gs102\"> </span>(6<span class=\"_ _8\"></span>,0<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>)</div></td><td class=\"c n x420 y25c3 w23c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x421 y25c3 w23d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3)</div></td><td></td><td class=\"c n x422 y25c4 w23e h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x423 y25c3 w23f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25c5 w240 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 ws0\">Total ca<span class=\"_ _1\"></span>sh flo<span class=\"_ _1\"></span>ws<span class=\"_ _1a7\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x424 y25c5 w241 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">2<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>4</div></td><td class=\"c n x425 y25c6 w242 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</span></div></td><td></td><td class=\"c n x426 y25c5 w243 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x427 y25c5 w244 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">17,<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2</div></td><td></td><td class=\"c n x428 y25c6 w245 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2</span></div></td><td></td><td class=\"c n x429 y25c7 w246 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</span></div></td><td></td><td class=\"c n x42a y25c5 w247 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x42b y25c5 w248 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w249 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">Closing reinsurance c<span class=\"_ _0\"></span>ontract assets</div></td><td class=\"c n x42c y24bc w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,5<span class=\"_ _1\"></span>02\ue01d</div></td><td class=\"c n x42d y24bc w24a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"_ gs102\"> </span>15<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x42e y24bc w24b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls90 ws94\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span></div></td><td class=\"c n x42f y24bc w24c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x430 y24bc w24d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\">4,8<span class=\"_ _1\"></span>28\ue01d<span class=\"_ _41\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x431 y24bc w24e h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls4b ws4e\">2<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td></td><td class=\"c n x432 y24bc w24f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3,45<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _3a\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x433 y24bc w250 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span></div></td><td class=\"c n x434 y24bc w251 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>43,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x435 y25c8 w252 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls63 wsa5\">53<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x436 y24bc w253 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lse4 wsef\"><span class=\"ls63 wsa5\"><span class=\"ls99 ws9d\">16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>8</span></span></span></span></span><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lse4 wsef\"><span class=\"ls63 wsa5\"><span class=\"ls99 ws9d\"><span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></div></td></tr></table>3.3<span class=\"_ _1\"></span>. AS<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>TS F<span class=\"_ _1\"></span>OR IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE ACQU<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>IT<span class=\"_ _1\"></span>ION CAS<span class=\"_ _1\"></span>H FLOWS<span class=\"_ _2d8\"> </span><table class=\"s w254 h78\" id=\"_4b69e17d-77c9-45b1-af17-03453bd5aa46\"><tr><td></td><td class=\"t m0 x437 h29 y25c9 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y25ca wb6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 1 J<span class=\"_ _1\"></span>anu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x438 y25ca w255 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,7<span class=\"_ _c\"></span>3<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25cb w256 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts incurr<span class=\"_ _0\"></span>ed during the year<span class=\"_ _1e0\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x439 y25cb w257 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25cc w258 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts der<span class=\"_ _0\"></span>ecognised and included in measur<span class=\"_ _0\"></span>ement of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _1e1\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x43a y25cc w259 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,16<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25cd wd1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 31 Dec<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>er 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x43b y25cd w25a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25ce w25b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts incurr<span class=\"_ _0\"></span>ed during the period</div></td><td class=\"c n x43c y25ce w25c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _18e\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25cf w25d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts der<span class=\"_ _0\"></span>ecognised and included in measur<span class=\"_ _0\"></span>ement of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts</div></td><td class=\"c n x43d y25cf w25e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w25f h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 31 Dec<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>er 2<span class=\"_ _1\"></span>025<span class=\"_ _1e0\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43e y24bc w260 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr></table> <span class=\"_ _2\"></span>The following t<span class=\"_ _c\"></span>able sets out when the Group e<span class=\"_ _0\"></span>xpects to der<span class=\"_ _c\"></span>ecognise assets for insur<span class=\"_ _c\"></span>ance acquisition cash flows after the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting dat<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span><table class=\"s w261 h79\" id=\"_b5ebe6d4-11a6-469e-890c-b0c590e29c03\"><tr><td></td><td class=\"t m0 x437 h29 y25d0 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"t m0 x1db h9 y25d1 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25<span class=\"_ _1e3\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span></span></td><td></td></tr><tr><td class=\"c n x1de y25d2 w262 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Less than one year<span class=\"_ _1e4\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43f y25d2 w260 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y2595 w263 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Mor<span class=\"_ _0\"></span>e than one year</div></td><td class=\"c n x440 y2595 w264 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>56\ue01d</div></td></tr><tr><td></td><td class=\"t m0 x204 h12 y25d3 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></td></tr><tr><td class=\"t m0 x1db h12 y25d4 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y255c w265 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Less than one year</div></td><td class=\"c n x441 y255c w266 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _c\"></span>10\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w263 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mor<span class=\"_ _0\"></span>e than one year</div></td><td class=\"c n x442 y24bb w267 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>62\ue01e</div></td></tr><tr><td></td><td class=\"t m0 x204 h9 y25d5 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2\ue01e<span class=\"_ _2d8\"> </span></td></tr></table>3.<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>. CL<span class=\"_ _1\"></span>AI<span class=\"_ _1\"></span>MS D<span class=\"_ _1\"></span>EVE<span class=\"_ _1\"></span>LOP<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _0\"></span>esent<span class=\"_ _0\"></span>ation of the claims dev<span class=\"_ _0\"></span>elopment tables f<span class=\"_ _c\"></span>or the Group is based on the actual dat<span class=\"_ _c\"></span>e of the event that caused the claim (accident y<span class=\"_ _0\"></span>ear basis).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These triangles present estimat<span class=\"_ _c\"></span>ed costs including an<span class=\"_ _0\"></span>y risk adjustment and associated liability r<span class=\"_ _c\"></span>elated t<span class=\"_ _0\"></span>o the futur<span class=\"_ _0\"></span>e cost of handling claims.<span class=\"_ _2d8\"> </span>Gross of reinsurance<span class=\"_ _2d8\"> </span><table class=\"s w27d h7b\" id=\"_149ac562-632d-42a4-81b4-8aeb3159d45e\"><tr><td class=\"c n x1de y25da w27e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Accident year<span class=\"_ _1e8\"> </span>2016<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x457 y25da w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2017<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x458 y25da w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2018<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x459 y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2019<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45a y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2020<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45b y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2021<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45c y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2022<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45d y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2023<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45e y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45f y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x460 y25da w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x461 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x462 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x463 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x464 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x465 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x466 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x467 y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x468 y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x469 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x46a y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x46b y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y25dc ff2 fs7 fc2 sc0 lsd6 ws14\">Estimates of<span class=\"_ _0\"></span> undiscounted gross<span class=\"_ _0\"></span> cumulative<span class=\"_ _0\"></span> claims<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25dd w283 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">At the end of the accident year</div></td><td></td><td></td><td class=\"c n x46c y25dd w284 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _3c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span></span></div></td><td></td><td class=\"c n x46d y25dd w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46e y25dd w286 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,<span class=\"_ _0\"></span>70<span class=\"_ _c\"></span>7\ue01e<span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x46f y25dd w287 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7</div></td><td></td><td class=\"c n x470 y25de w288 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>81</div></td><td></td><td class=\"c n x471 y25de w289 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>01,9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td class=\"c n x472 y25de w28a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">8<span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x473 y25dd w28b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td class=\"c n x474 y25dd w28c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x475 y25dd w28d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\">33,334\ue01e<span class=\"_ _34\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x476 y25de w28e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x477 y25de w28f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls49 ws49\">17<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25df w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25df w291 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">One year lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x479 y25df w292 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x47a y25df w293 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,<span class=\"_ _c\"></span>93<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _37\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x47b y25df w294 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td></td><td class=\"c n x47c y25df w295 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>08,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x47d y25df w296 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">89\ue01e<span class=\"_ _9e\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x47e y25e0 w297 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x47f y25df wba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">9<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1c\"> </span></div></td><td></td><td class=\"c n x480 y25df w298 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x481 y25df w299 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">09\ue01e<span class=\"_ _113\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x482 y25e0 w29a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsd3 wse0\">131<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x483 y25df w29b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _113\"> </span></div></td><td class=\"c n x484 y25df w29c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>35,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x485 y25e1 w29d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\">59\ue01e<span class=\"_ _e8\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e2 w29e h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013 <span class=\"_ _1a\"></span>T<span class=\"_ _c\"></span>wo y<span class=\"_ _0\"></span>ears later<span class=\"_ _2c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x486 y25e3 w29f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\">94,<span class=\"_ _1\"></span>294<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x487 y25e3 w2a0 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x488 y25e3 w2a1 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x1fd y25e2 w2a2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td></td><td class=\"c n x489 y25e2 w2a3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,39<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x48a y25e2 w2a4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x48b y25e3 w2a5 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"lse0 wsec\"><span class=\"ls7c ws93\"><span class=\"ls4f ws51\">9<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span></span></span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x48c y25e3 w2a6 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">121<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48d y25e4 w2a7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls4f ws51\">14<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e5 w2a8 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013 <span class=\"_ _1a\"></span>Thr<span class=\"_ _c\"></span>ee years lat<span class=\"_ _0\"></span>er<span class=\"_ _1e9\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48e y25e6 w2a9 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">9<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48f y25e5 w2aa h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">12<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span></div></td><td></td><td class=\"c n x490 y25e5 w2ab h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x491 y25e5 w2ac h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\">3,257\ue01e<span class=\"_ _37\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x492 y25e5 w2ad h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">131,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span></div></td><td></td><td class=\"c n x493 y25e5 w2ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x494 y25e5 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">92\ue01e</div></td><td class=\"c n x495 y25e5 w2b0 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,294\ue01e<span class=\"_ _1ea\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x496 y25e7 w2b1 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e8 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25e8 w2b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Four y<span class=\"_ _c\"></span>ears later<span class=\"_ _19d\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x497 y25e9 w2b3 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsf1 ws102\">9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,789<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x498 y25e8 w2b4 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,12<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x499 y25e8 w2b5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>8,60<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49a y25e8 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">0\ue01e</div></td><td class=\"c n x49b y25e8 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49c y25e8 w2b6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _0\"></span>3\ue01e</div></td><td class=\"c n x49d y25e8 w2b7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>89<span class=\"_ _c\"></span>,57<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49e y25e8 w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">4\ue01e</div></td><td class=\"c n x49f y25e8 w251 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>96,2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a0 y25ea w2b9 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"ls63 wsa5\">08<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e8\"> </span></span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25eb w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25eb w2ba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fiv<span class=\"_ _0\"></span>e years lat<span class=\"_ _0\"></span>er</div></td><td class=\"c n x4a1 y25eb w2bb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a2 y25eb w2bc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc5 wsce\">2,62<span class=\"_ _1\"></span>9\ue01e<span class=\"_ _30\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4a3 y25eb w2bd h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls55 ws58\">137<span class=\"_ _2\"></span>,<span class=\"_ _8\"></span>472<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td></td><td class=\"c n x4a4 y25eb w2be h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>25,03<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a5 y25eb w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">8\ue01e</div></td><td class=\"c n x4a6 y25eb w2bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>38<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a7 y25eb w2c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">,777\ue01e</div></td><td class=\"c n x4a8 y25ec w2c1 h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,094\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25ed w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25ed w2c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Six years lat<span class=\"_ _c\"></span>er<span class=\"_ _1ed\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4a9 y25ee w2c3 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">1<span class=\"_ _1\"></span>01,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4aa y25ed w2c4 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>6<span class=\"_ _1a\"></span>6<span class=\"_ _1a\"></span>0</div></td><td></td><td class=\"c n x4ab y25ee w2c5 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span></span></div></td><td class=\"c n x4ac y25ed w2c6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>38,2<span class=\"_ _0\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4ad y25ef w2c7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f0 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f0 w2c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sev<span class=\"_ _c\"></span>en years later</div></td><td></td><td class=\"c n x4ae y25f0 w2c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>01<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4af y25f0 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td class=\"c n x4b0 y25f0 w2ca h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>35,6<span class=\"_ _0\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b1 y25f0 w2cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _113\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4b2 y25f1 w2cc h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _3\"> </span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f2 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f2 w2cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eight years lat<span class=\"_ _c\"></span>er<span class=\"_ _1ef\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4b3 y25f2 w2ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,79<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x4b4 y25f2 w2cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b5 y25f3 w2d0 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\">32,393\ue01e<span class=\"_ _e8\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f4 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f4 w2d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Nine years lat<span class=\"_ _c\"></span>er<span class=\"_ _1f0\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4b6 y25f5 w2d2 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls4f ws51\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f6 w2d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ent estimate of cum<span class=\"_ _0\"></span>ulative c<span class=\"_ _0\"></span>laims<span class=\"_ _1f1\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c n x4b7 y25f6 w2d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x4b8 y25f6 w151 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b9 y25f6 w2d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">32,393\ue01e</div></td><td class=\"c n x4ba y25f6 w2d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ _37\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span></span></div></td><td></td><td class=\"c n x4bb y25f6 w2d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>38,21<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4bc y25f6 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e</div></td><td class=\"c n x4bd y25f6 w18 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,094\ue01e</div></td><td class=\"c n x4be y25f6 w2d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>96,20<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4bf y25f6 w2d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">8\ue01e<span class=\"_ _34\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4c0 y25f7 w2da h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4c1 y25f6 w2db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">14<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _113\"> </span></div></td><td class=\"c n x4c2 y25f6 w2dc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4c3 y25f6 w2dd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">5,7<span class=\"_ _c\"></span>59\ue01e<span class=\"_ _34\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4c4 y25f7 w28f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"ls49 ws49\">17<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span></span><span class=\"ff2\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f8 w2de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cumulativ<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>oss claims paid<span class=\"_ _ff\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c n x4c5 y25f8 w2df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)</div></td><td></td><td></td><td class=\"c n x4c6 y25f8 w2e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _1\"></span>0,57<span class=\"_ _0\"></span>9) <span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4c7 y25f8 w2e1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"lse4 wsef\">(<span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>8<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span>)<span class=\"_ _7\"> </span></span><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>2,59<span class=\"_ _1\"></span>9)</div></td><td class=\"c n x4c8 y25f8 w2e2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd1 wsde\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _2\"></span>4,888)<span class=\"_ _9e\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4c9 y25f8 w2e3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)</div></td><td class=\"c n x4ca y25f8 w2e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\"><span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>25<span class=\"_ _1\"></span>5)<span class=\"_ _14\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4cb y25f8 w2e5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,18<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _34\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4cc y25f8 w2e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x4cd y25f8 w2e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>43,43<span class=\"_ _0\"></span>2)<span class=\"_ _43\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f9 w2e8 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2016 to 2025</div></td><td></td><td></td><td></td><td class=\"c n x4ce y25fa w2e9 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1f2\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls46 wsae\">8,8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>5</span><span class=\"_ gs41\"> </span><span class=\"_ _29\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x4cf y25f9 w2ea h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb6 wsbe\">41,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>14</div></td><td></td><td></td><td class=\"c n x4d0 y25fb w2eb h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsa0 wsa2\">12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _29\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x4d1 y25f9 w2ec h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\">2<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>17</div></td><td></td><td class=\"c n x4d2 y25fb w2ed h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\"><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _10d\"> </span></span></span><span class=\"_ gs41\"> </span><span class=\"ff2 ls95 ws99\">13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6</span></div></td><td></td><td></td><td class=\"c n x4d3 y25fa w2ee h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls65 ws65\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>218</span></div></td><td class=\"c n x4d4 y25fa w2ef h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls4e ws50\">4<span class=\"_ _1\"></span>0,3<span class=\"_ _1\"></span>84</span><span class=\"_ gs41\"> </span><span class=\"_ _108\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x4d5 y25f9 w2f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa7 wsab\">75<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span>5</div></td><td></td><td class=\"c n x4d6 y25fb w2f1 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa7 wsab\"><span class=\"_ gs102\"> </span><span class=\"_ _d\"> </span></span><span class=\"_ gs41\"> </span><span class=\"ff2 lsa3 wsa6\">70<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6</span><span class=\"_ gs41\"> </span><span class=\"_ _1ea\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x4d7 y25f9 w2f2 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6\"> </span></div></td><td class=\"c n x4d8 y25f9 w2f3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4d9 y25f9 w2f4 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8e ws91\">8<span class=\"_ _1\"></span>,797<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25fc w2f5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2015 and befor<span class=\"_ _0\"></span>e<span class=\"_ _12f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _10f\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4da y25fc w2f6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ls84 ws83\">3<span class=\"_ _1\"></span>5,0<span class=\"_ _1\"></span>49</span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25d7 w2f7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of discounting<span class=\"_ _1f3\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _1eb\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4db y25d7 w2f8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25fd w2f9 h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal gross liabilities f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (<span class=\"_ _0\"></span>\u201cLIC\u201d)<span class=\"_ _1f4\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _107\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4dc y25d8 w2fa h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4dd y25d8 w2fb h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\">03<span class=\"_ _1\"></span>,38<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25d9 w2fc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d)<span class=\"_ _1f5\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _41\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4de y25d9 w2fd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c8 w2fe h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls46 ws0\">T<span class=\"_ _c\"></span>otal gr<span class=\"_ _0\"></span>oss liabilities included in the St<span class=\"_ _0\"></span>atement of Financial P<span class=\"_ _0\"></span>osition<span class=\"_ _ba\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _30\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4df y24bc w1fc h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e0 y24bc w27c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\">6<span class=\"_ _1\"></span>0,6<span class=\"_ _1\"></span>82\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table>The unshaded numbers ar<span class=\"_ _c\"></span>e undiscounted,<span class=\"_ _2\"></span> but otherwise pr<span class=\"_ _c\"></span>esented on an IFRS 17 basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shaded numbers hav<span class=\"_ _0\"></span>e not been r<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ated under IFRS 17 and r<span class=\"_ _c\"></span>eflect the numbers as pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _0\"></span>eported under IFRS 4.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The primar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the IFRS 17 and IFRS 4 numbers pr<span class=\"_ _c\"></span>esented her<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to the risk adjustment.<span class=\"_ _2d8\"> </span>The gr<span class=\"_ _c\"></span>oss liabilities for incurr<span class=\"_ _0\"></span>ed claims and gr<span class=\"_ _0\"></span>oss liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age per pr<span class=\"_ _0\"></span>oduct is given belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w268 h7a\" id=\"_17301514-ea6c-474f-8218-7c10ed0939e6\"><tr><td></td><td class=\"c n x443 y25d6 w269 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LIC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x444 y25d6 w26a h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LRC<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x445 y25d6 w26b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d7 w26c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _130\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x446 y25d7 w26d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>10<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x447 y25d7 w26e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>48,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x448 y25d7 w26f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">925\ue01e</div></td><td class=\"c n x449 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x44a y25d7 w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">55,835\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d8 w270 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle<span class=\"_ _1f6\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x44b y25d8 w271 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">3<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _125\"> </span></div></td><td></td><td class=\"c n x44c y25d8 w272 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>3,2<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _6d\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x44d y25d8 w273 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>294<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d9 w274 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi</div></td><td class=\"c n x44e y25d9 w275 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>59<span class=\"_ _c\"></span>,<span class=\"_ _1\"></span>46<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x44f y25d9 w151 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e</div></td><td></td><td class=\"c n x450 y25d9 w276 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,0<span class=\"_ _1\"></span>8<span class=\"_ _c\"></span>7\ue01e</div></td><td></td><td class=\"c n x451 y25d9 w277 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>64<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x452 y25d9 w278 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">,55<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w279 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x453 y25c8 w27a h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls4e ws50\">40<span class=\"_ _1\"></span>3,38<span class=\"_ _1\"></span>0<span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _6d\"> </span><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x454 y24bc w27b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></div></td><td class=\"c n x455 y24bc w1fc h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x456 y24bc w27c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls4e ws50\"><span class=\"ls25 ws27\"><span class=\"ls2f ws85\">6<span class=\"_ _1\"></span>0,6<span class=\"_ _1\"></span>82</span></span></span><span class=\"ls4e ws50\"><span class=\"ls25 ws27\"><span class=\"ls2f ws85\"><span class=\"_ gs102\"> </span></span></span></span></div></td></tr></table>Net of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _2d8\"> </span><table class=\"s w30f h7c\" id=\"_fe4e5e1e-769f-456b-a756-f3bc72c8270e\"><tr><td class=\"c n x1de y2601 w27e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Accident year<span class=\"_ _1e8\"> </span>2016<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x457 y2601 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2017<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x458 y2601 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2018<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x459 y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2019<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45a y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2020<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45b y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2021<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45c y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2022<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45d y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2023<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45e y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45f y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x460 y2601 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c n x461 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x462 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x463 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x464 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x465 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x466 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x467 y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x468 y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x469 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46a y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46b y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1db h12 y2603 ff2 fs7 fc2 sc0 lsd6 ws14\">Estimates of<span class=\"_ _0\"></span> undiscounted gross<span class=\"_ _0\"></span> cumulative<span class=\"_ _0\"></span> claims<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y2604 ff4 fs7 fc2 sc0 ls0 ws0\">At the end of the accident year</td><td></td><td class=\"c n x4f1 y2605 w310 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f2 y2606 w311 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls55 ws58\">10<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>47<span class=\"_ _1\"></span>8</div></td><td></td><td></td><td class=\"c n x4f3 y2605 w312 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>111<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _63\"> </span><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f4 y2606 w313 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>11</div></td><td class=\"c n x4f5 y2605 w314 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _3e\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,723<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _2a\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td class=\"c n x4f6 y2605 w315 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">81,16<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f7 y2606 w316 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>49<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x4f8 y2607 w317 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,18<span class=\"_ _1a\"></span>5</div></td><td class=\"c n x4f9 y2608 w318 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x4fa y2608 w319 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2609 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2609 w291 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">One year lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x26e y260a w31a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,66<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4fb y260a w2cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">4\ue01e</div></td><td class=\"c n x4fc y260a w31b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>96,<span class=\"_ _1\"></span>44<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4fd y260a w69 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e<span class=\"_ _29\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4fe y260b w31c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">9<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4ff y260b w31d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span><span class=\"lsdd wseb\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x500 y260a w31e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\">8<span class=\"_ _c\"></span>1,882\ue01e<span class=\"_ _29\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x501 y260b w31f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5c wsc2\">8<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>87<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1ea\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x502 y260a w320 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x503 y260c w321 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>13<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x504 y260c w322 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">10<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y260d ff4 fs7 fc2 sc0 ls0 ws0\" colspan=\"2\">\u2013 <span class=\"_ _1a\"></span>T<span class=\"_ _c\"></span>wo y<span class=\"_ _0\"></span>ears later</td><td class=\"c n x505 y260e w323 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>87<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x506 y260e w324 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\">,824\ue01e<span class=\"_ _1c\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x507 y260e w325 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">91,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1c\"> </span></div></td><td></td><td class=\"c n x508 y260e w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>98,64<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x509 y260e w327 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50a y260e w328 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td class=\"c n x50b y260e w1a9 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs41\"> </span>80<span class=\"_ _0\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x50c y260e w329 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\">990\ue01e<span class=\"_ _1c\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50d y260e w32a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6</div></td><td></td><td class=\"c n x50e y260f w32b h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50f y2610 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x510 y2611 w32c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">5,495\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y2612 ff4 fs7 fc2 sc0 ls0 ws0\" colspan=\"2\">\u2013 <span class=\"_ _1a\"></span>Thr<span class=\"_ _c\"></span>ee years lat<span class=\"_ _0\"></span>er</td><td class=\"c n x26e y2613 w32d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,243\ue01e<span class=\"_ _16\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x511 y2614 w32e h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls49 ws49\">9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x512 y2614 w32f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">9<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x513 y2613 w330 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td class=\"c n x514 y2613 w18 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>78,353\ue01e</div></td><td class=\"c n x515 y2613 w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x516 y2613 w331 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,579\ue01e<span class=\"_ _34\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x517 y2613 w332 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1<span class=\"_ _1\"></span>01,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2615 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2615 w333 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Four y<span class=\"_ _c\"></span>ears later</div></td><td class=\"c n x26e y2616 w17 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _29\"> </span></div></td><td class=\"c n x518 y2616 w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">45\ue01e</div></td><td class=\"c n x519 y2616 w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>88,5</div></td><td class=\"c n x51a y2616 w292 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x51b y2616 w335 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,893\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x51c y2616 w336 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,1<span class=\"_ _8\"></span>5<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _16\"> </span></div></td><td class=\"c n x51d y2616 w337 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>78,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x51e y2616 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e</div></td><td class=\"c n x51f y2616 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>81<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x520 y2617 w338 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\">,590<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e8\"> </span><span class=\"_ gs28c\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2618 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2618 w2ba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fiv<span class=\"_ _0\"></span>e years lat<span class=\"_ _0\"></span>er</div></td><td class=\"c n x26e y2619 w339 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5c wsc2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>891<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _c9\"> </span></div></td><td class=\"c n x521 y2619 w33a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\">,0<span class=\"_ _1\"></span>02\ue01e</div></td><td class=\"c n x522 y2619 w33b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>92</div></td><td class=\"c n x523 y2619 w33c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>3,25<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x524 y2619 w33d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\">4\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x525 y2619 w33e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span>3</div></td><td class=\"c n x526 y261a w33f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y261b w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y261b w340 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Six years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x26e y261c w341 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs41\"> </span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x527 y261d w342 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsf1 ws102\">6,78<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x528 y261d w343 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>375<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x529 y261d w344 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>873<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x52a y261d w345 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y261e w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y261e w2c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sev<span class=\"_ _c\"></span>en years later</div></td><td class=\"c n x52b y261e w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>86,5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x52c y261e w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">36\ue01e</div></td><td class=\"c n x52d y261e w31a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,89<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x52e y261e w346 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">7\ue01e<span class=\"_ _113\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x52f y261f w347 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,13<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span></span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2620 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2620 w348 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eight years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x530 y2620 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,46<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x531 y2620 w349 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x532 y2621 w34a h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">8<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2622 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2622 w34b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Nine years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x533 y2622 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,23<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x534 y2623 w34c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2624 w34d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ent estimate of cum<span class=\"_ _0\"></span>ulative c<span class=\"_ _0\"></span>laims</div></td><td></td><td class=\"c n x535 y2624 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,23<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x536 y2624 w34e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x537 y2625 w34f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">8<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x538 y2625 w350 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x539 y2625 w351 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x53a y2624 w352 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span></div></td><td class=\"c n x53b y2624 w353 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>8<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,59<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x53c y2624 w354 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _37\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x53d y2624 w355 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">10<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td class=\"c n x53e y2624 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x53f y2624 w356 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,495\ue01e<span class=\"_ _14\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x540 y2625 w357 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">10<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x541 y2625 w358 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2626 w359 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cumulativ<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>oss claims paid</div></td><td></td><td></td><td class=\"c n x542 y2626 w35a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\"><span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,33<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _112\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x543 y2626 w35b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\">(85<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x544 y2626 w35c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _1\"></span>9<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>105) <span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>6,529)</span></div></td><td></td><td class=\"c n x545 y2626 w35d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _0\"></span>2,525)</div></td><td></td><td class=\"c n x546 y2626 w35e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(70,<span class=\"_ _c\"></span>934)</div></td><td class=\"c n x547 y2626 w35f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>80,<span class=\"_ _c\"></span>808)</div></td><td class=\"c n x548 y2626 w360 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>(71<span class=\"_ _c\"></span>,351<span class=\"_ _c\"></span>)<span class=\"_ _9e\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x549 y2626 w2e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x54a y2626 w361 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>43,43<span class=\"_ _0\"></span>2)<span class=\"_ _7f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2627 w2e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2016 to 2025</div></td><td></td><td></td><td class=\"c n x4ce y2627 w362 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1cf\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsdc wsf6\">9<span class=\"_ _1\"></span>07\ue01d<span class=\"_ _10f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x54b y2627 w363 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _8\"></span>,14<span class=\"_ _8\"></span>8</div></td><td></td><td></td><td></td><td class=\"c n x54c y2628 w364 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsdc wsf6\"><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _28\"> </span></span></span><span class=\"_ gs41\"> </span><span class=\"ff2 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>29</span><span class=\"_ gs41\"> </span><span class=\"_ _10f\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x54d y2627 w365 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">7,<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span></span><span class=\"_ gs41\"> </span><span class=\"_ _106\"> </span></div></td><td></td><td class=\"c n x54e y2627 w366 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>378</div></td><td></td><td class=\"c n x54f y2629 w367 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsdf wsea\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6</span></div></td><td class=\"c n x550 y2629 w368 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls14 ws18\">2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>91</span></div></td><td class=\"c n x551 y2629 w369 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lse1 wsed\">3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>4</span></div></td><td></td><td class=\"c n x552 y2629 w36a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsb0 wsb7\">44,609<span class=\"_ _c\"></span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></span></span></div></td><td class=\"c n x553 y2627 w36b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>3</div></td><td class=\"c n x554 y2628 w36c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _4\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>57<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y262a w36d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2015 and befor<span class=\"_ _0\"></span>e<span class=\"_ _12f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _85\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x555 y262b w36e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y262c w36f h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of discounting<span class=\"_ _1f3\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _111\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x556 y262d w370 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20,0<span class=\"_ _1\"></span>69)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y262e w371 h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal gross liabilities f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (<span class=\"_ _0\"></span>\u201cLIC\u201d)<span class=\"_ _1f4\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _107\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x557 y262f w372 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y2630 w373 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d)</div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x558 y2630 w374 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>3,80<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x559 y2630 w375 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w376 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al gr<span class=\"_ _0\"></span>oss liabilities included in the Stat<span class=\"_ _c\"></span>ement of Financial Position</div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x55a y24bc w377 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1fb\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2\">244,300</span><span class=\"_ gs41\"> </span></div></td></tr></table>The unshaded numbers ar<span class=\"_ _c\"></span>e undiscounted,<span class=\"_ _2\"></span> but otherwise pr<span class=\"_ _c\"></span>esented on an IFRS 17 basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shaded numbers hav<span class=\"_ _0\"></span>e not been r<span class=\"_ _0\"></span>estat<span class=\"_ _c\"></span>ed under IFRS 17 and reflect the n<span class=\"_ _0\"></span>umbers as pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _0\"></span>eported under IFRS 4.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The primar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the IFRS 17 and IFRS 4 numbers pr<span class=\"_ _c\"></span>esented her<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to the risk adjustment.<span class=\"_ _2d8\"> </span>The net liabilities f<span class=\"_ _0\"></span>or incurred c<span class=\"_ _0\"></span>laims and net liabilities for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age per pr<span class=\"_ _0\"></span>oduct is given belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w2ff h7a\" id=\"_e727674e-cc96-43de-8993-e14f223ea034\"><tr><td></td><td></td><td class=\"c n x443 y25d6 w269 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LIC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x444 y25d6 w26a h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LRC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x445 y25d6 w26b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d7 w300 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _1fc\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4e1 y25d7 w301 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls95 ws99\">15<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></div></td><td class=\"c n x4e2 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e3 y25d7 w1ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">5,83<span class=\"_ _c\"></span>7\ue01e</div></td><td class=\"c n x4e4 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e5 y25d7 w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">98,286\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25fe w302 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle<span class=\"_ _1fd\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4e6 y25ff w303 h77\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8a\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4e7 y25fe w304 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x4e8 y25fe w305 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e9 y25fe w306 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">,823<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25d9 w274 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi</div></td><td class=\"c n x4ea y25d9 w307 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span>2<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4eb y2600 w308 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _125\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4ec y2600 w309 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4ed y25d9 w30a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">2<span class=\"_ _1\"></span>6<span class=\"_ _1a\"></span>,19<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td></td><td class=\"c n x4ee y24bc w30c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"_ _164\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span><span class=\"ff2 lsa2 wsa4\">19<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0</span></span></div></td><td></td><td class=\"c n x4ef y25c8 w30d h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _6b\"> </span><span class=\"_ gs41\"> </span></span><span class=\"ls46 wsae\">5<span class=\"_ _1\"></span>3,8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0</span></div></td><td></td><td></td><td class=\"c n x4f0 y25c8 w30e h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ff4 ls0 ws0\"><span class=\"ff2 lsa2 wsa4\"><span class=\"ls46 wsae\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _49\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span><span class=\"ff2 ls4e ws50\">24<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,30<span class=\"_ _1\"></span>0</span></span></span></span></span><span class=\"ff4 ls0 ws0\"><span class=\"ff2 lsa2 wsa4\"><span class=\"ls46 wsae\"><span class=\"ff4 ls0 ws0\"><span class=\"ff2 ls4e ws50\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></span></span></span></span></div></td></tr></table>3.5<span class=\"_ _1\"></span>. IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>EVE<span class=\"_ _1\"></span>NU<span class=\"_ _1\"></span>E AN<span class=\"_ _1\"></span>D EXP<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S \u2013 SE<span class=\"_ _1\"></span>GM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT<span class=\"_ _0\"></span>AL DI<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>CLOS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>An analysis of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue,<span class=\"_ _2\"></span> insur<span class=\"_ _c\"></span>ance ser<span class=\"_ _1\"></span>vice expenses and net e<span class=\"_ _0\"></span>xpenses fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held is included in the t<span class=\"_ _0\"></span>ables below<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Additional inf<span class=\"_ _c\"></span>ormation on amounts r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss and OCI is included in the mo<span class=\"_ _c\"></span>vements in insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act balances in Note 3.2.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup pro<span class=\"_ _0\"></span>vides short-term motor insur<span class=\"_ _c\"></span>ance to clients<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which comprises thr<span class=\"_ _0\"></span>ee lines of business,<span class=\"_ _2\"></span> Mot<span class=\"_ _0\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle insur<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance,<span class=\"_ _2\"></span> which ar<span class=\"_ _c\"></span>e written solely in the UK.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group has no other lines of business<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> nor does it oper<span class=\"_ _0\"></span>ate outside of the UK.<span class=\"_ _2\"></span> Other income r<span class=\"_ _c\"></span>elates t<span class=\"_ _0\"></span>o auxiliary products and services,<span class=\"_ _2\"></span> including br<span class=\"_ _c\"></span>oker<span class=\"_ _c\"></span>age and administration f<span class=\"_ _c\"></span>ees,<span class=\"_ _2\"></span> all r<span class=\"_ _0\"></span>elating to the mot<span class=\"_ _c\"></span>or insurance business<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not have a single client which accounts f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e than 10% of r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2d8\"> </span><table class=\"s w378 h7d\" id=\"_846adecb-500b-4d56-be61-5e706de5eb6e\"><tr><td></td><td></td><td class=\"c n x1dc y2631 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x55b y2631 w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x55c h29 y2632 ff2 fs22 fc2 sc0 ls0 ws0\">Motor </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x55d h29 y2632 ff2 fs22 fc2 sc0 ls0 ws0\">Motor </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x55e y2633 w37a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">V<span class=\"_ _c\"></span>ehicles<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x55f y2633 w37b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Motorcyc<span class=\"_ _0\"></span>le<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x560 y2633 w37c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Taxi<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x561 y2633 w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x562 y2633 w37a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">V<span class=\"_ _c\"></span>ehicles<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x563 y2633 w37b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Motorcyc<span class=\"_ _0\"></span>le<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x564 y2633 w37c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Taxi<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x565 y2633 w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x566 y2634 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x567 y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x568 y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x569 y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56a y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x56b y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56c y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56d y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2635 ff2 fs7 fc2 sc0 ls1d ws31\">Insurance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue<span class=\"_ _1ff\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2636 w37e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue fr<span class=\"_ _c\"></span>om contracts measur<span class=\"_ _c\"></span>ed under the P<span class=\"_ _c\"></span>AA</div></td><td class=\"c n x56e y2636 w37f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _200\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>312</span></div></td><td class=\"c n x56f y2637 w380 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x570 y2636 w381 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">15<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1eb\"> </span></div></td><td class=\"c n x571 y2636 w382 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x572 y2636 w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">990\ue01d</div></td><td class=\"c n x573 y2636 w384 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>222,63<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x574 y2636 w385 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">5\ue01e<span class=\"_ _58\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x575 y2636 w386 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _56\"> </span></div></td><td class=\"c n x576 y2636 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x577 y2636 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,297\ue01e</div></td><td class=\"c n x578 y2636 w388 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>248,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x579 y2636 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2638 w389 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls1d ws31\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _c\"></span> reven<span class=\"_ _0\"></span>ue<span class=\"_ _201\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x57a y2638 w38a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">19<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>312</div></td><td class=\"c n x57b y2639 w380 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x57c y2638 w381 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">15<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1eb\"> </span></div></td><td class=\"c n x57d y2638 w382 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x57e y2638 w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">990\ue01d</div></td><td class=\"c n x57f y2638 w384 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>222,63<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x580 y2638 w385 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">5\ue01e<span class=\"_ _58\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x581 y2638 w386 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _56\"> </span></div></td><td class=\"c n x582 y2638 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x583 y2638 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,297\ue01e</div></td><td class=\"c n x584 y2638 w388 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>248,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x585 y2638 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y263a ff2 fs7 fc2 sc0 ls1d ws31\">Insurance s<span class=\"_ _0\"></span>ervice expens<span class=\"_ _0\"></span>e<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y263b w38b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims and other dir<span class=\"_ _0\"></span>ectly attributable e<span class=\"_ _0\"></span>xpenses<span class=\"_ _16d\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x586 y263b w38c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">(<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>2<span class=\"_ _3\"> </span>,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>)<span class=\"_ _3e\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x587 y263b w38d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>319<span class=\"_ _8\"></span>)<span class=\"_ _1eb\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x588 y263b w38e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">(<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>)</div></td><td class=\"c n x589 y263b w38f h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs102\"> </span>(1<span class=\"_ _c\"></span>62<span class=\"_ _1\"></span>,520<span class=\"_ _1\"></span>)<span class=\"_ _108\"> </span><span class=\"ff4 lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58a y263b w390 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">(<span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _3a\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58b y263b w391 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span>)<span class=\"_ _202\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x58c y263b w392 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,15<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _d\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58d y263b w393 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y263c w394 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC</div></td><td class=\"c n x58e y263c w395 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>3,8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x58f y263c w396 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls33 ws34\"><span class=\"_ gs102\"> </span>(93<span class=\"_ _0\"></span>)<span class=\"_ _e3\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x590 y263d w397 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>75<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x591 y263d w398 h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls8e ws91\">4<span class=\"_ _1\"></span>,782<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x592 y263c w399 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>9</div></td><td class=\"c n x593 y263e w39a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _85\"> </span></span></div></td><td></td><td class=\"c n x594 y263c w39b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>4,<span class=\"_ _1\"></span>323\ue01e</div></td><td class=\"c n x595 y263c w39c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>6,28<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y263f w39d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws</div></td><td class=\"c n x596 y263f w39e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _204\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x597 y263f w39f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ _41\"> </span><span class=\"lsad ws57\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>(2,<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>89)</span></div></td><td class=\"c n x598 y263f w3a0 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7d ws7c\"><span class=\"_ gs102\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,885<span class=\"_ _0\"></span>)<span class=\"_ _c9\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43b y263f w3a1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\">(<span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _17\"> </span><span class=\"ff4 ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x599 y263f w3a2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>)</div></td><td class=\"c n x59a y263f w3a3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _0\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>93)</div></td><td></td><td class=\"c n x59b y263f w3a4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>939)<span class=\"_ _2a\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x59c y263f w3a5 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2640 w3a6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _0\"></span> service expense<span class=\"_ _c4\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x59d y2640 w3a7 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>121,12<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x59e y2640 w3a8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4,60<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _c9\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x59f y2640 w3a9 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\">(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,767<span class=\"_ _1\"></span>)<span class=\"_ _113\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a0 y2640 w3aa h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">(<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1)<span class=\"_ _d\"> </span><span class=\"ff4 ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a1 y2640 w3ab h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls49 ws49\">(<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>17<span class=\"_ _1a\"></span>)<span class=\"_ _56\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a2 y2640 w3ac h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>8)<span class=\"_ _2a\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5a3 y2640 w3ad h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _8\"></span>6)<span class=\"_ _107\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a4 y2640 w3ae h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>61)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2641 ff2 fs7 fc2 sc0 lsd6 ws14\">Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _0\"></span> held<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2642 w3af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance expenses \u2013 contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA<span class=\"_ _200\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a5 y2642 w3b0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse1 wsed\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,13<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _10e\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a6 y2642 w3b1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5a7 y2642 w3b2 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)</div></td><td class=\"c n x5a8 y2642 w1f h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)</div></td><td class=\"c n x5a9 y2642 w3b3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(30,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>9)<span class=\"_ _41\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5aa y2642 w3b4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x5ab y2642 w3b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>2,093)</div></td><td class=\"c n x5ac y2642 w20 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2643 w20d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y</div></td><td class=\"c n x5ad y2644 w3b6 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1de\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5ae y2643 w3b7 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5</div></td><td class=\"c n x5af y2644 w3b8 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _65\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5b0 y2644 w3b9 h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\"><span class=\"lse1 wsed\"><span class=\"ls25 ws27\"><span class=\"lsed wsff\">4<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"> </span>4<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span></span></span></span></span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5b1 y2643 w3ba h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3</div></td><td class=\"c n x5b2 y2645 w3bb h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsd3 wse0\"><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>4\ue01e</span></div></td><td></td><td class=\"c n x5b3 y2643 w3bc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,2<span class=\"_ _0\"></span>71\ue01e<span class=\"_ _83\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5b4 y2643 w3bd h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y2646 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _0\"></span>ed claims </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25c3 w3be h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>ery</div></td><td class=\"c n x5b5 y2647 w3bf h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _205\"> </span><span class=\"ff2 ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>767<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5b6 y2647 w3c0 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _53\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5b7 y25c3 w3c1 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _49\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5b8 y25c3 w3c2 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>1</div></td><td></td><td class=\"c n x5b9 y2647 w3c3 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls5b ws5c\"><span class=\"ls62 ws64\"><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _e5\"> </span></span></span></span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(3,8<span class=\"_ _8\"></span>03)<span class=\"_ _47\"> </span><span class=\"lsc5 wsce\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x5ba y25c3 w3c4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">262\ue01e<span class=\"_ _e3\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x541 y25c3 w3c5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1)<span class=\"_ _e5\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5bb y25c3 w21c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>412<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25c5 w3c6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal net inc<span class=\"_ _0\"></span>ome<span class=\"_ _c\"></span>/<span class=\"_ _c\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from<span class=\"_ _0\"></span> reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _206\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5bc y25c6 w3c7 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>62<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5bd y25c5 w36b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">4<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _106\"> </span></div></td><td class=\"c n x5be y25c5 w244 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>83\ue01d</div></td><td class=\"c n x5bf y25c5 w3c8 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5c0 y25c5 w3c9 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\">8<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x5c1 y25c5 w3ca h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>30,6</div></td><td></td><td class=\"c n x5c2 y25c5 w3cb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20<span class=\"_ _1\"></span>,699)</div></td><td class=\"c n x5c3 y25c5 w3cc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>99)<span class=\"_ _73\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5c4 y25c5 w3cd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls41 wsf0\">3<span class=\"_ _1\"></span>07\ue01e</div></td><td></td><td class=\"c n x5c5 y25c5 w3ce h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20<span class=\"_ _1\"></span>,59<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w3cf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _0\"></span> service result<span class=\"_ _207\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5c6 y24bc w3d0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsed wsff\">7<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span>11</div></td><td class=\"c n x5c7 y2522 w3d1 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x5c8 y24bc w3d2 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>54<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _53\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x5c9 y24bc w3d3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\">7<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e3\"> </span></div></td><td></td><td></td><td class=\"c n x5ca y24bc w3d4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs41\"> </span>71,719\ue01e<span class=\"_ _85\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5cb y24bc w3d5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2</div></td><td></td><td class=\"c n x5cc y25c8 w3d6 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _6b\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _41\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5cd y24bc w3d7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5c wsc2\">72<span class=\"_ _1\"></span>,87<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Other than r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance assets and insur<span class=\"_ _0\"></span>ance liabilities (see Note 3.1),<span class=\"_ _b\"></span> the Group does not allocat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> monit<span class=\"_ _0\"></span>or or r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>t assets and liabilities per business line and does not consider the information useful in the da<span class=\"_ _0\"></span>y-to-day running of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s operations.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup also does not allocate,<span class=\"_ _b\"></span> monitor or r<span class=\"_ _0\"></span>eport other income and expenses per business line.<span class=\"_ _2d8\"> </span>3.6.<span class=\"_ _c\"></span> UNDE<span class=\"_ _1\"></span>RW<span class=\"_ _0\"></span>RITING<span class=\"_ _0\"></span> RISK<span class=\"_ _2d8\"> </span>The principal risk the Gr<span class=\"_ _c\"></span>oup faces under insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts is that the actual claims and benefit payments,<span class=\"_ _2\"></span> or the timing ther<span class=\"_ _c\"></span>eof<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> diff<span class=\"_ _c\"></span>er from expect<span class=\"_ _0\"></span>ations.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is influenced by the fr<span class=\"_ _c\"></span>equency of claims,<span class=\"_ _2\"></span> sev<span class=\"_ _0\"></span>erity of claims,<span class=\"_ _2\"></span> actual benefits paid and subsequent dev<span class=\"_ _c\"></span>elopment of long-term claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the objective of the Gr<span class=\"_ _c\"></span>oup is to ensur<span class=\"_ _0\"></span>e that suf<span class=\"_ _0\"></span>ficient r<span class=\"_ _0\"></span>eserves ar<span class=\"_ _0\"></span>e available t<span class=\"_ _c\"></span>o cover these liabilities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only motor insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts within the UK,<span class=\"_ _2\"></span> which usually co<span class=\"_ _0\"></span>ver a 12-month dur<span class=\"_ _c\"></span>ation.<span class=\"_ _2\"></span> For these contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the most significant risks arise fr<span class=\"_ _0\"></span>om sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e weather conditions or single cat<span class=\"_ _0\"></span>astr<span class=\"_ _c\"></span>ophic events.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or longer<span class=\"_ _c\"></span>-tail claims that t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e some years t<span class=\"_ _0\"></span>o settle,<span class=\"_ _2\"></span> ther<span class=\"_ _0\"></span>e is also inflation risk.<span class=\"_ _2\"></span> The abo<span class=\"_ _0\"></span>ve risk exposur<span class=\"_ _c\"></span>e is mitigated b<span class=\"_ _0\"></span>y diversification acr<span class=\"_ _c\"></span>oss a large portfolio of policyholders and geogr<span class=\"_ _c\"></span>aphical areas within the UK.<span class=\"_ _2\"></span> The v<span class=\"_ _0\"></span>ariability of risks is impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed by car<span class=\"_ _c\"></span>eful selection and implementation of underwriting str<span class=\"_ _c\"></span>ategies,<span class=\"_ _2\"></span> which ar<span class=\"_ _c\"></span>e designed to ensur<span class=\"_ _c\"></span>e that risks ar<span class=\"_ _0\"></span>e diversified in t<span class=\"_ _c\"></span>erms of type of risk and level of insur<span class=\"_ _c\"></span>ed benefits.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This is lar<span class=\"_ _0\"></span>gely achiev<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough diversification acr<span class=\"_ _c\"></span>oss policyholders.<span class=\"_ _2\"></span> Furthermore,<span class=\"_ _2\"></span> strict claim r<span class=\"_ _c\"></span>eview policies t<span class=\"_ _0\"></span>o assess all new and ongoing claims,<span class=\"_ _b\"></span> regular det<span class=\"_ _0\"></span>ailed r<span class=\"_ _0\"></span>eview of c<span class=\"_ _0\"></span>laims handling pr<span class=\"_ _0\"></span>ocedures and fr<span class=\"_ _0\"></span>equent inv<span class=\"_ _c\"></span>estigation of possible fraudulent claims ar<span class=\"_ _c\"></span>e all policies and procedur<span class=\"_ _c\"></span>es put in place to r<span class=\"_ _c\"></span>educe the risk exposure of the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup further enfor<span class=\"_ _0\"></span>ces a policy of actively managing and pr<span class=\"_ _c\"></span>omptly pursuing claims,<span class=\"_ _2\"></span> in or<span class=\"_ _0\"></span>der to r<span class=\"_ _c\"></span>educe its exposur<span class=\"_ _0\"></span>e to unpr<span class=\"_ _c\"></span>edictable futur<span class=\"_ _c\"></span>e dev<span class=\"_ _0\"></span>elopments that can negatively impact the business<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Inflation risk is mitigated b<span class=\"_ _c\"></span>y taking expect<span class=\"_ _0\"></span>ed inflation int<span class=\"_ _0\"></span>o account when estimating insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup purchases r<span class=\"_ _c\"></span>einsurance as part of its risk mitigation pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme.<span class=\"_ _2\"></span> Reinsur<span class=\"_ _0\"></span>ance ceded is placed on a non-pr<span class=\"_ _0\"></span>oportional basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This non-pr<span class=\"_ _0\"></span>oportional reinsur<span class=\"_ _c\"></span>ance is excess-of-loss,<span class=\"_ _2\"></span> designed to mitigat<span class=\"_ _c\"></span>e the Group\u2019<span class=\"_ _2\"></span>s net exposur<span class=\"_ _c\"></span>e to single lar<span class=\"_ _0\"></span>ge claims or catastr<span class=\"_ _c\"></span>ophe losses.<span class=\"_ _2\"></span> The curr<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme has a r<span class=\"_ _0\"></span>etention limit of \u00a31m,<span class=\"_ _b\"></span> with no upper limit.<span class=\"_ _2\"></span> Under this progr<span class=\"_ _c\"></span>amme,<span class=\"_ _2\"></span> the Group pays the first \u00a31m of an<span class=\"_ _0\"></span>y claim and,<span class=\"_ _2\"></span> fr<span class=\"_ _0\"></span>om 1 July 2025,<span class=\"_ _2\"></span> 50% of the next \u00a31m (prior t<span class=\"_ _c\"></span>o 1 July 2025:<span class=\"_ _c\"></span> 40%).<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Any amount abo<span class=\"_ _c\"></span>ve \u00a32m,<span class=\"_ _2\"></span> is cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed in full by the panel of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>All ret<span class=\"_ _0\"></span>ention lev<span class=\"_ _c\"></span>els are subject t<span class=\"_ _0\"></span>o monthly index<span class=\"_ _0\"></span>ation subsequent to the accident dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Amounts reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers ar<span class=\"_ _0\"></span>e estimated in a manner consist<span class=\"_ _c\"></span>ent with the outstanding claims pr<span class=\"_ _c\"></span>ovision and ar<span class=\"_ _0\"></span>e in accor<span class=\"_ _0\"></span>dance with the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Although the Gr<span class=\"_ _0\"></span>oup has r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance arr<span class=\"_ _0\"></span>angements,<span class=\"_ _2\"></span> it is not r<span class=\"_ _c\"></span>elieved of its dir<span class=\"_ _c\"></span>ect obligations to its policyholders and thus a cr<span class=\"_ _c\"></span>edit exposure e<span class=\"_ _0\"></span>xists with r<span class=\"_ _0\"></span>espect to ceded r<span class=\"_ _c\"></span>einsurance<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> to the e<span class=\"_ _0\"></span>xtent that an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>er is unable to meet its obligations assumed under such r<span class=\"_ _c\"></span>einsurance agr<span class=\"_ _c\"></span>eements.<span class=\"_ _2\"></span> The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s placement of reinsur<span class=\"_ _c\"></span>ance is diversified such that it is not dependent on a single r<span class=\"_ _c\"></span>einsurer<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Ther<span class=\"_ _0\"></span>e is no single count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ty exposur<span class=\"_ _c\"></span>e that exceeds 25% of t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al reinsur<span class=\"_ _c\"></span>ance assets at the reporting dat<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>K<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span> assumptions<span class=\"_ _2d8\"> </span>The principal assumption underlying the liability estimat<span class=\"_ _0\"></span>es is that the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s future claims de<span class=\"_ _0\"></span>velopment will f<span class=\"_ _c\"></span>ollow a similar pattern t<span class=\"_ _c\"></span>o past claims dev<span class=\"_ _c\"></span>elopment experience.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes assumptions in r<span class=\"_ _c\"></span>espect of aver<span class=\"_ _c\"></span>age claim costs,<span class=\"_ _2\"></span> claim handling costs,<span class=\"_ _2\"></span> claim inflation f<span class=\"_ _0\"></span>actors and claim numbers f<span class=\"_ _c\"></span>or each accident year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Additional qualitative judgements ar<span class=\"_ _c\"></span>e used to assess the e<span class=\"_ _0\"></span>xtent t<span class=\"_ _c\"></span>o which past trends may not apply in the futur<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> for e<span class=\"_ _0\"></span>xample:<span class=\"_ _2\"></span> one-off occurr<span class=\"_ _c\"></span>ence;<span class=\"_ _c\"></span> changes in market f<span class=\"_ _c\"></span>actors such as public attitude t<span class=\"_ _0\"></span>o claiming:<span class=\"_ _2\"></span> economic conditions;<span class=\"_ _c\"></span> and internal fact<span class=\"_ _c\"></span>ors such as por<span class=\"_ _1\"></span>tfolio mix,<span class=\"_ _b\"></span> policy conditions and claims handling procedur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> Judgement is further used to assess the ext<span class=\"_ _c\"></span>ent to which ext<span class=\"_ _0\"></span>ernal fact<span class=\"_ _c\"></span>ors such as judicial decisions and gov<span class=\"_ _0\"></span>ernment legislation aff<span class=\"_ _c\"></span>ect the estimates.<span class=\"_ _2d8\"> </span>Other k<span class=\"_ _0\"></span>ey cir<span class=\"_ _c\"></span>cumstances af<span class=\"_ _0\"></span>fecting the r<span class=\"_ _c\"></span>eliability of assumptions include variation in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and delays in settlement.<span class=\"_ _2d8\"> </span>Sensitivities<span class=\"_ _2d8\"> </span>The mot<span class=\"_ _0\"></span>or claim liabilities ar<span class=\"_ _0\"></span>e primarily sensitive t<span class=\"_ _c\"></span>o the reserving assumptions noted abo<span class=\"_ _c\"></span>ve.<span class=\"_ _2\"></span> It has not been possible t<span class=\"_ _0\"></span>o quantify the sensitivity of individual,<span class=\"_ _2\"></span> specific assumptions such as legislative changes<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing analysis is perf<span class=\"_ _0\"></span>ormed for r<span class=\"_ _c\"></span>easonably possible mov<span class=\"_ _0\"></span>ements in ke<span class=\"_ _c\"></span>y assumptions with all other assumptions held constant,<span class=\"_ _2\"></span> showing the impact on pr<span class=\"_ _c\"></span>ofit after t<span class=\"_ _0\"></span>ax and equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The corr<span class=\"_ _0\"></span>elation of assumptions will have a significant ef<span class=\"_ _c\"></span>fect in det<span class=\"_ _0\"></span>ermining the ultimate c<span class=\"_ _0\"></span>laims liabilities,<span class=\"_ _2\"></span> but t<span class=\"_ _0\"></span>o demonstr<span class=\"_ _0\"></span>ate the impact due t<span class=\"_ _c\"></span>o changes in assumptions,<span class=\"_ _2\"></span> assumptions had to be changed on an individual basis.<span class=\"_ _2\"></span> It should be not<span class=\"_ _c\"></span>ed that movements in these assumptions ar<span class=\"_ _c\"></span>e non-linear<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This sensitivity analysis r<span class=\"_ _0\"></span>eflects one-of<span class=\"_ _0\"></span>f impacts at the balance sheet date and should not be interpr<span class=\"_ _c\"></span>eted as a f<span class=\"_ _c\"></span>orecast.<span class=\"_ _2d8\"> </span>Gross of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _208\"> </span>Net of reinsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span>2025<span class=\"_ _f0\"> </span>2025<span class=\"_ _2d8\"> </span>Increase/<span class=\"_ _2d8\"> </span>(decrease) in profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span>Increase/decr<span class=\"_ _0\"></span>ease in equity<span class=\"_ _2d8\"> </span>Increase/<span class=\"_ _2d8\"> </span>(decrease) in pr<span class=\"_ _0\"></span>ofit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span>Increase/decr<span class=\"_ _0\"></span>ease in equity<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _ba\"> </span>\u00a3\u2019k<span class=\"_ _1cf\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _f7\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Liabilit<span class=\"_ _1\"></span>y f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (1<span class=\"_ _0\"></span>) (2) (3)<span class=\"_ _2d8\"> </span>Impact of 5% incr<span class=\"_ _0\"></span>ease in insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _133\"> </span><span class=\"ff2 lsad ws57\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>(1<span class=\"_ _c\"></span>6,<span class=\"_ _c\"></span>959)<span class=\"_ _48\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _79\"> </span></span><span class=\"_ gs102\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _c\"></span>959)<span class=\"_ _46\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span>Impact of an incr<span class=\"_ _0\"></span>ease in ultimate loss r<span class=\"_ _c\"></span>atio of 5ppts<span class=\"_ _20b\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(2<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>32<span class=\"_ _1\"></span>6)<span class=\"_ _20a\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _54\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span></span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span>Discount rates<span class=\"_ _2d8\"> </span>Impact of 1% incr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _20c\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _cb\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>5,564<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>572<span class=\"_ gs102\"> </span><span class=\"_ _38\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>17<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _d4\"> </span></span></span><span class=\"_ gs102\"> </span>2,070<span class=\"_ gs102\"> </span><span class=\"_ _122\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>48<span class=\"_ gs102\"> </span></span></span>Impact of 1% decr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _1b0\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _1a\"></span>(<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span>,11<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _d3\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>(5,907)<span class=\"_ _92\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>1)<span class=\"_ _6c\"> </span><span class=\"lsad ws57\"><span class=\"_ gs102\"> </span>(1<span class=\"_ _c\"></span>89)<span class=\"_ _ad\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>(2,189)<span class=\"_ _e9\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(2,378)<span class=\"_ _2d8\"> </span></span></span></span></span></span>Risk adjustmen<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r non-<span class=\"_ _1\"></span>financial<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span>Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk adjustment up by 5ppts<span class=\"_ _20d\"> </span><span class=\"ff2 ls30 ws31\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>,555<span class=\"_ _0\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _66\"> </span></span><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,555<span class=\"_ _c\"></span>)<span class=\"_ _e9\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _20a\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _2d8\"> </span></span></span>Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk adjustment down b<span class=\"_ _0\"></span>y 5ppts<span class=\"_ _20f\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _210\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _145\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2,2<span class=\"_ _1\"></span>33<span class=\"_ gs102\"> </span><span class=\"_ _209\"> </span></span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _86\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>33<span class=\"_ gs102\"> </span></span></span>(1) <span class=\"_ _5\"> </span>The impact of decreases will hav<span class=\"_ _0\"></span>e a similar but opposite impact<span class=\"_ _2d8\"> </span>(2) <span class=\"_ _5\"> </span>Excludes the impact of discounting<span class=\"_ _2d8\"> </span>(3) <span class=\"_ _5\"> </span>A substantial increase in individually lar<span class=\"_ _c\"></span>ge claims which are o<span class=\"_ _0\"></span>ver our r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance ret<span class=\"_ _c\"></span>ention limit,<span class=\"_ _c\"></span> generally will hav<span class=\"_ _0\"></span>e no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Gross of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _208\"> </span>Net of reinsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span>2024<span class=\"_ _f0\"> </span>2024<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span>Increase/decr<span class=\"_ _0\"></span>ease in equity<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span>Increase/decr<span class=\"_ _0\"></span>ease in equity<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _ba\"> </span>\u00a3\u2019k<span class=\"_ _1cf\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _f7\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Liabilit<span class=\"_ _1\"></span>y f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (1<span class=\"_ _0\"></span>) (2) (3)<span class=\"_ _2d8\"> </span>Impact of 5% incr<span class=\"_ _0\"></span>ease in insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _152\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1)<span class=\"_ _55\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>13<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>21)<span class=\"_ _a6\"> </span></span><span class=\"_ gs41\"> </span>(7,902)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _52\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1a\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>)<span class=\"_ _2d8\"> </span></span></span>Impact of an incr<span class=\"_ _0\"></span>ease in ultimate loss r<span class=\"_ _c\"></span>atio of 5ppts<span class=\"_ _212\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>33)<span class=\"_ _20a\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _b1\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>33)<span class=\"_ _79\"> </span></span><span class=\"_ gs41\"> </span>(13,256)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _8f\"> </span><span class=\"ls4e ws50\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>3,25<span class=\"_ _1\"></span>6<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></span></span>Discount rates<span class=\"_ _2d8\"> </span>Impact of 1% incr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _1d0\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs41\"> </span>78<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _6c\"> </span></span><span class=\"_ gs41\"> </span>5,499<span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span><span class=\"lsdd wseb\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,282<span class=\"_ gs41\"> </span><span class=\"_ _213\"> </span></span><span class=\"_ gs41\"> </span>151<span class=\"_ gs41\"> </span><span class=\"_ _214\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _215\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Impact of 1% decr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>82)<span class=\"_ _e9\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(6,497)<span class=\"_ _7a\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _2\"></span>,379)<span class=\"_ _40\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(159)<span class=\"_ _8f\"> </span><span class=\"lsc7 wsd0\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>5)<span class=\"_ _12a\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(2,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4)<span class=\"_ _2d8\"> </span></span></span></span></span></span>Risk adjustmen<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r non-<span class=\"_ _1\"></span>financial<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span>Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk adjustment up by 5ppts<span class=\"_ _216\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _c\"></span>,01<span class=\"_ _c\"></span>8)<span class=\"_ _48\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _122\"> </span></span><span class=\"_ gs41\"> </span>(9,0<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>8)<span class=\"_ _ac\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(2,358)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _145\"> </span><span class=\"lsc7 wsd0\"><span class=\"_ gs41\"> </span>(2,<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>8)<span class=\"_ _2d8\"> </span></span></span></span></span>Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk adjustment down b<span class=\"_ _0\"></span>y 5ppts<span class=\"_ _217\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1ca\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _197\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _cc\"> </span></span><span class=\"_ gs41\"> </span>2,004<span class=\"_ gs41\"> </span><span class=\"_ _ba\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _d4\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span>2,0<span class=\"_ _1\"></span>04<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>(1) <span class=\"_ _5\"> </span>The impact of decreases will hav<span class=\"_ _0\"></span>e a similar but opposite impact<span class=\"_ _2d8\"> </span>(2) <span class=\"_ _5\"> </span>Excludes the impact of discounting<span class=\"_ _2d8\"> </span>(3) <span class=\"_ _5\"> </span>A substantial increase in individually lar<span class=\"_ _c\"></span>ge claims which are o<span class=\"_ _0\"></span>ver our r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance ret<span class=\"_ _c\"></span>ention limit,<span class=\"_ _c\"></span> generally will hav<span class=\"_ _0\"></span>e no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>The 2024 risk adjustment sensitivity impact has been r<span class=\"_ _0\"></span>ecalculat<span class=\"_ _0\"></span>ed to r<span class=\"_ _c\"></span>eflect the impact of discounting in line with the impact calculated f<span class=\"_ _0\"></span>or 2025.<span class=\"_ _2d8\"> </span>Climate change<span class=\"_ _2d8\"> </span>Management has assessed the short-,<span class=\"_ _2\"></span> medium- and long-term risks that r<span class=\"_ _0\"></span>esult fr<span class=\"_ _0\"></span>om climat<span class=\"_ _0\"></span>e change.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shor<span class=\"_ _1\"></span>t-t<span class=\"_ _0\"></span>erm risk is low<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Given the geogr<span class=\"_ _0\"></span>aphical diversity of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s policyholders within the UK and the Group\u2019<span class=\"_ _2\"></span>s r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme,<span class=\"_ _2\"></span> it is highly unlik<span class=\"_ _0\"></span>ely that a climate ev<span class=\"_ _0\"></span>ent will mat<span class=\"_ _0\"></span>erially impact the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s financial position,<span class=\"_ _2\"></span> including its assessment of the liability for incurr<span class=\"_ _0\"></span>ed claims.<span class=\"_ _2\"></span> Mor<span class=\"_ _c\"></span>e likely is that the costs associated with the tr<span class=\"_ _c\"></span>ansition to a lo<span class=\"_ _0\"></span>w-carbon economy will impact the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s indemnity spend in the medium term,<span class=\"_ _2\"></span> as electr<span class=\"_ _0\"></span>onic vehicles ar<span class=\"_ _c\"></span>e currently r<span class=\"_ _c\"></span>elatively expensiv<span class=\"_ _c\"></span>e to fix.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is somewhat,<span class=\"_ _2\"></span> or perhaps completely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> offset b<span class=\"_ _c\"></span>y advances in technology r<span class=\"_ _c\"></span>educing the fr<span class=\"_ _0\"></span>equency of claims,<span class=\"_ _2\"></span> in particular bodily injur<span class=\"_ _1\"></span>y claims which ar<span class=\"_ _c\"></span>e generally f<span class=\"_ _c\"></span>ar more expensiv<span class=\"_ _c\"></span>e than damage to vehicles<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These changes in the costs of claims ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>adual and,<span class=\"_ _2\"></span> as such,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eflect<span class=\"_ _0\"></span>ed in the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s claims experience and fed int<span class=\"_ _c\"></span>o the pricing of policies.<span class=\"_ _2\"></span> Howe<span class=\"_ _0\"></span>ver<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> if the pr<span class=\"_ _0\"></span>opensity to tr<span class=\"_ _c\"></span>avel b<span class=\"_ _0\"></span>y car decr<span class=\"_ _0\"></span>eases ov<span class=\"_ _c\"></span>erall,<span class=\"_ _2\"></span> this could impact the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s income in the long term.<span class=\"_ _b\"></span> 3.7<span class=\"_ _c\"></span>. IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>L<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>D CR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>DIT R<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>K<span class=\"_ _0\"></span>ey insur<span class=\"_ _c\"></span>ance-relat<span class=\"_ _c\"></span>ed areas wher<span class=\"_ _c\"></span>e the Group is exposed t<span class=\"_ _c\"></span>o credit def<span class=\"_ _0\"></span>ault risk ar<span class=\"_ _0\"></span>e: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders<span class=\"_ _2d8\"> </span>Sabr<span class=\"_ _0\"></span>e uses a large panel of secur<span class=\"_ _c\"></span>e reinsur<span class=\"_ _c\"></span>ance companies.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The credit risk of r<span class=\"_ _c\"></span>einsurers included in the r<span class=\"_ _c\"></span>einsurance pr<span class=\"_ _c\"></span>ogramme is consider<span class=\"_ _c\"></span>ed annually b<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>eviewing their cr<span class=\"_ _c\"></span>edit worthiness.<span class=\"_ _2\"></span> Sabre\u2019<span class=\"_ _2\"></span>s lar<span class=\"_ _0\"></span>gest r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance counterparty is Munich Re.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The credit risk e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e is fur<span class=\"_ _1\"></span>ther monitor<span class=\"_ _c\"></span>ed thr<span class=\"_ _0\"></span>oughout the year t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e that changes in cr<span class=\"_ _0\"></span>edit risk positions ar<span class=\"_ _0\"></span>e adequately addr<span class=\"_ _c\"></span>essed.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>ables demonstr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s exposure t<span class=\"_ _c\"></span>o credit risk in r<span class=\"_ _c\"></span>espect of over<span class=\"_ _c\"></span>due insurance debt and count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ty creditw<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>thiness.<span class=\"_ _2d8\"> </span>Ov<span class=\"_ _0\"></span>erdue insurance-<span class=\"_ _1\"></span>related<span class=\"_ _0\"></span> debt<span class=\"_ _2d8\"> </span><table class=\"s w3e5 h7f\" id=\"_779eac6b-626e-425d-81cf-1fd99723cb17\"><tr><td></td><td class=\"t m0 x5ce h29 y2650 ff2 fs22 fc2 sc0 ls0 ws0\">Neither past </td><td></td><td></td><td></td><td></td><td class=\"t m0 x5cf h29 y2651 ff2 fs22 fc2 sc0 ls0 ws0\">Carrying value </td><td></td></tr><tr><td></td><td class=\"t m0 x5d0 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">due nor </td><td></td><td class=\"t m0 x5d1 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Past due </td><td class=\"t m0 x5d2 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Past due mor<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5d3 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Assets that hav<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5cf h29 y2653 ff2 fs22 fc2 sc0 ls0 ws0\">in the balance </td><td></td></tr><tr><td></td><td class=\"t m0 x5d4 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">impaired<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x5d5 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">1\u201390 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d6 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">than 90 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d7 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">been impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d8 h29 y2655 ff2 fs22 fc2 sc0 ls0 ws0\">sheet<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y2656 w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5d9 y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y2656 w3da h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5db y2656 w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dc y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dd y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2657 w3db h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x5f2 y2658 w3e6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>26<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>81\ue01d</div></td><td></td><td class=\"c n x5f3 y2658 we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f4 y2658 we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f5 y2658 w3e7 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f6 y2658 w3e8 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2659 w3df h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x5f7 y265a w3e9 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,70<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5f8 y265a w3ea h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8e ws91\">8\ue01d<span class=\"_ _eb\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5f9 y265a w3eb h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></div></td><td class=\"c n x5fa y265a w3ec h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x5fb y265a we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5fc y265a w3ed h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5fd y265a w3ee h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w3ef h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _219\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x5fe y2522 w3f0 h68\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5ff y24bc w3eb h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></div></td><td class=\"c n x600 y24bc w3f1 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x601 y24bc w3f2 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x602 y24bc w3f3 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w3d8 h7e\" id=\"_0950c16e-9edc-4e71-a61a-1223bac69fa7\"><tr><td></td><td></td><td class=\"t m0 x5ce h29 y2648 ff2 fs22 fc2 sc0 ls0 ws0\">Neither past </td><td></td><td></td><td></td><td class=\"t m0 x5cf h29 y2649 ff2 fs22 fc2 sc0 ls0 ws0\">Carrying value </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5d0 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">due nor </td><td class=\"t m0 x5d1 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Past due </td><td class=\"t m0 x5d2 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Past due mor<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5d3 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Assets that hav<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5cf h29 y264b ff2 fs22 fc2 sc0 ls0 ws0\">in the balance </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5d4 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d5 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">1\u201390 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d6 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">than 90 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d7 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">been impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d8 h29 y264d ff2 fs22 fc2 sc0 ls0 ws0\">sheet<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y264e w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5d9 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5da y264e w3da h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5db y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dc y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dd y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y255c w3db h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td></td><td class=\"c n x5df y255c w3dc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x5e0 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e1 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e2 y255c w3dd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e3 y255c w3de h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y24bb w3df h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td></td><td class=\"c n x5e5 y24bb w3e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>41,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a2\"> </span></div></td><td class=\"c n x5e6 y24bb w3e1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>22\ue01e</div></td><td class=\"c n x5e7 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e8 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e9 y24bb w3e2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>41<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5ea y24bb w2c0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">,777\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x5eb y24bc w3e3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>243,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5ec y24bc w26f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">986\ue01e</div></td><td class=\"c n x5ed y24bc w3e1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>22\ue01e</div></td><td class=\"c n x5ee y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5ef y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5f0 y24bc w3e4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>244,0<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5f1 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>(1) Undiscounted<span class=\"_ _2d8\"> </span>(2) <span class=\"_ _5\"> </span>Included within <span class=\"_ _c\"></span>\u2018Insurance contr<span class=\"_ _c\"></span>act liabilities\u2019<span class=\"_ _2d8\"> </span>Exposure by<span class=\"_ _0\"></span> credit rating<span class=\"_ _2d8\"> </span><table class=\"s w3f4 h80\" id=\"_86a67363-ce13-42e7-b316-1c9d34368c9c\"><tr><td></td><td class=\"c n x603 y265b w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y265b w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x605 y265b w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y265b w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y265b w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x608 y265b w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y265b w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y265c w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y265c w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60c y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60d y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60e y265c w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60f y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x610 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y265e w3db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x611 y255c w3fc h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x612 y2660 w3fd h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse1 wsed\">13<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x613 y255c w3fe h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x614 y255c we6 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x615 y255c we6 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x616 y255c w3e7 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x617 y255c w3e8 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 lsdf wsea\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2662 w3df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x611 y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x618 y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x619 y24bb wdf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61a y24bb wdf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61b y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61c y24bb w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x61d y24bb w3ff h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d</div></td><td class=\"c n x61e y24bb w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x61f y24bb w3ff h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x620 y24bc w3fc h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x621 y24cd w3fd h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse1 wsed\">13<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x622 y24bc w3fe h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x623 y24bc we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x624 y24bc we0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x625 y24bc w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x626 y24bc w400 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d<span class=\"_ _7e\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x627 y24bc w3f3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w401 h81\" id=\"_bac04609-c3a3-4532-8382-2642fb90bf61\"><tr><td></td><td class=\"c n x603 y2663 w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y2663 w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x605 y2663 w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y2663 w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y2663 w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y2663 w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y2663 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y264e w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y264e w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60c y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60d y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60e y264e w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60f y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x610 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y255c w3db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x611 y255c w402 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _109\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x628 y255c w403 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x629 y255c w404 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>100<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x62a y255c w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">,093\ue01e</div></td><td class=\"c n x62b y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62c y255c w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62d y255c w250 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x62e y255c w3de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y24bb w3df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x611 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62f y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x630 y24bb w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x631 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x632 y24bb w406 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x633 y24bb w407 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,777\ue01e</div></td><td class=\"c n x634 y24bb w408 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>41<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x635 y24bb w409 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">,777<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x620 y24bc w40a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x636 y24bc w403 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x637 y24bc w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x638 y24bc w31a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,093\ue01e</div></td><td class=\"c n x639 y24bc w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x63a y24bc w406 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x63b y24bc w40b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,777\ue01e</div></td><td class=\"c n x63c y24bc w1e9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>244<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x63d y24bc w40c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">,00<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>(1) Undiscounted<span class=\"_ _2d8\"> </span>(2) <span class=\"_ _5\"> </span>Included within <span class=\"_ _c\"></span>\u2018Insurance contr<span class=\"_ _c\"></span>act liabilities\u2019<span class=\"_ _2d8\"> </span>3.8<span class=\"_ _1\"></span>. NE<span class=\"_ _1\"></span>T FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T<span class=\"_ _2d8\"> </span><table class=\"s w40d h82\" id=\"_c217b174-e490-45e3-b776-2ea51a4f6a47\"><tr><td></td><td></td><td></td><td class=\"c n x63e y2664 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x63f y2664 w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x640 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Insurance </td><td class=\"t m0 x641 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Non-insurance </td><td></td><td class=\"t m0 x642 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Insurance </td><td class=\"t m0 x5d7 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Non-insurance </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x643 h29 y2666 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></td><td class=\"c n x644 y2667 w40e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x645 y2667 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td class=\"t m0 x646 h29 y2666 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></td><td class=\"c n x647 y2667 w40e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x648 y2667 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x649 y2668 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64a y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64b y2668 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64c y2668 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64d y2668 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64e y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64f y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2669 ff2 fs7 fc2 sc0 lsd6 ws14\">Inv<span class=\"_ _0\"></span>estment income<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y266a ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est income on financial assets using </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y266b w40f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>erest r<span class=\"_ _c\"></span>ate method<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x650 y266b w410 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.5</div></td><td class=\"c n x651 y266b w411 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _43\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,816<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span></span></div></td><td class=\"c n x652 y266b w412 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3\ue01d<span class=\"_ _124\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x653 y266b w413 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span></div></td><td class=\"c n x654 y266b w414 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _2\"></span>,501\ue01e</div></td><td class=\"c n x655 y266b w415 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425</div></td><td class=\"c n x656 y266c w416 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span><span class=\"_ _a8\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"t m0 x1db h9 y266d ff4 fs7 fc2 sc0 ls0 ws0\">Realised gains on der<span class=\"_ _0\"></span>ecognition of debt </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y266e w417 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">securities measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x657 y266e w78 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.6</div></td><td class=\"c n x658 y266e w418 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>7\ue01d</div></td><td class=\"c n x659 y266e w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8f\"> </span></div></td><td class=\"c n x65a y266e w418 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>7\ue01d</div></td><td class=\"c n x65b y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x65c y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x65d y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y266f w41a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in OCI<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x65e y266f w78 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.6</div></td><td class=\"c n x65f y266f w41b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _80\"> </span><span class=\"ff2 ls65 ws65\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td class=\"c n x660 y266f w41c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls65 ws65\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x661 y2670 w41d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>518<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span></span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x662 y266f w41e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x663 y266f w41f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x664 y266f w420 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2671 w421 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal inv<span class=\"_ _c\"></span>estment income<span class=\"_ _139\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x665 y2671 w422 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\">16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x666 y2671 w423 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d<span class=\"_ _6d\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x667 y2672 w424 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">17,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _15f\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x668 y2671 w33c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _79\"> </span></div></td><td class=\"c n x669 y2671 w425 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _17d\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x66a y2671 w426 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y2674 w427 h83\"><div class=\"t m0 x1d5 h12 y2673 ff2 fs7 fc2 sc0 ls1d ws31\">Insurance fin<span class=\"_ _0\"></span>ance e<span class=\"_ _0\"></span>xpense fr<span class=\"_ _0\"></span>om<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsd6 ws14\">insurance contr<span class=\"_ _0\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2675 w428 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed</div></td><td></td><td class=\"c n x66b y2675 w429 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _13d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x66c y2675 w42a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x66d y2675 w42b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</div></td><td class=\"c n x66e y2675 w42c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(8,39<span class=\"_ _1\"></span>2)</div></td><td class=\"c n x66f y2675 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x670 y2675 w32 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(8,392)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y2677 w42d h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of changes in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">other financial assumptions</div></td><td></td><td class=\"c n x671 y2677 w42e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>5,<span class=\"_ _c\"></span>808)</div></td><td class=\"c n x672 y2677 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x673 y2677 w42f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>5,808<span class=\"_ _c\"></span>)<span class=\"_ _11b\"> </span><span class=\"ff4 lsc7 wsd0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x674 y2677 w430 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\">6,8<span class=\"_ _1\"></span>52\ue01e</div></td><td class=\"c n x369 y2677 w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x675 y2677 w64 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>52\ue01e</div></td></tr><tr><td></td><td></td><td class=\"c n x676 y2678 w431 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(15<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>76)</div></td><td class=\"c n x677 y2679 w432 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x678 y2678 w433 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>76)</div></td><td class=\"c n x679 y2678 w434 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>40)</div></td><td class=\"c n x67a y2678 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x67b y2678 w435 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>40)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y267a w436 h83\"><div class=\"t m0 x1d5 h12 y2673 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance finance income<span class=\"_ _2\"></span>/<span class=\"_ _c\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsd6 ws14\">reinsurance contr<span class=\"_ _0\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y267b w428 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed</div></td><td></td><td class=\"c n x67c y267b w437 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x67d y267b wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x67e y267b w438 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d<span class=\"_ _aa\"> </span></span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x67f y267b w220 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x680 y267c w439 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls92 ws96\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x681 y267b w43a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y267e w42d h84\"><div class=\"t m0 x1d5 h9 y267d ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of changes in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">other financial assumptions</div></td><td></td><td class=\"c n x682 y267e w395 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x683 y267e we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x684 y267e w395 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x685 y267e w67 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td><td class=\"c n x686 y267f w43b h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x687 y267e w43c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">(5,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td></tr><tr><td></td><td></td><td class=\"c n x688 y2680 w43d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x689 y2681 w43e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x68a y2681 w43f h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6e\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x68b y2680 w1e4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>)</div></td><td class=\"c n x68c y2682 w440 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x68d y2680 wbb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,16<span class=\"_ _1a\"> </span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24b4 w441 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls1d ws31\">Net insur<span class=\"_ _0\"></span>ance finance<span class=\"_ _0\"></span> expens<span class=\"_ _0\"></span>e</div></td><td></td><td class=\"c n x68e y24b4 w176 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4)</div></td><td class=\"c n x68f y24b4 wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x690 y24b4 w442 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>68<span class=\"_ _1\"></span>4)<span class=\"_ _124\"> </span><span class=\"ff4 ls50 ws52\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x691 y24b4 w443 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6)</div></td><td class=\"c n x692 y24b4 w444 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x693 y24b4 w1a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2683 w445 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">Net financial<span class=\"_ _0\"></span> results<span class=\"_ _fa\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x694 y2683 w446 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x695 y2683 w447 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x696 y2683 w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8,5<span class=\"_ _1\"></span>60\ue01d</div></td><td class=\"c n x697 y2683 w448 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _c\"></span>,569\ue01e</div></td><td class=\"c n x698 y2683 w449 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425\ue01e<span class=\"_ _80\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x699 y2683 w44a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>4<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"t m0 x1db h3e y2684 ff22 fs7 fc2 sc0 ls0 ws0\">Repr<span class=\"_ _0\"></span>esented b<span class=\"_ _0\"></span>y:<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y255c w44b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss</div></td><td></td><td class=\"c n x69a y255c w44c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls14 ws18\"><span class=\"_ gs102\"> </span>5<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>91<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span></div></td><td class=\"c n x69b y255c w44d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d<span class=\"_ _e8\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x69c y255c w241 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">5<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></div></td><td class=\"c n x69d y255c w44e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>2,823\ue01e</div></td><td class=\"c n x69e y255c w44f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x69f y255c w121 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>3,248\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w41a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in OCI</div></td><td></td><td class=\"c n x6a0 y24bb w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2,5<span class=\"_ _1\"></span>66\ue01d</div></td><td class=\"c n x6a1 y24bb wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6a2 y24bb w450 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>66\ue01d<span class=\"_ _125\"> </span></span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x6a3 y24bb w451 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x6a4 y24bb w452 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x6a5 y24bb w453 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w454 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _221\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6a6 y24bc w1a3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x6a7 y24bc w455 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d</div></td><td class=\"c n x6a8 y24bc w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8,5<span class=\"_ _1\"></span>60\ue01d</div></td><td class=\"c n x6a9 y24bc w456 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _c\"></span>,569\ue01e</div></td><td class=\"c n x6aa y24bc w449 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425\ue01e<span class=\"_ _80\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x6ab y24bc w44a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lsa3 wsa6\"><span class=\"lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>4</span></span></span></span></span><span class=\"ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lsa3 wsa6\"><span class=\"lse0 wsec\"><span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></span></span></span></span></span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsurancePremiumRevenueExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-312": {
   "value": "3. INS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE LIAB<span class=\"_ _1\"></span>ILITIE<span class=\"_ _1\"></span>S AND RE<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E ASS<span class=\"_ _1\"></span>ETS<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>For the purpose of this accounting policy<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the term <span class=\"ff2\">\u2018mot<span class=\"_ _0\"></span>or insurance\u2019<span class=\"ff4\"> co<span class=\"_ _c\"></span>vers all the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which <span class=\"ff2 ws109\">includes <span class=\"_ _8\"></span>Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> </span></span></span>Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>axi insurance<span class=\"ff4\">.<span class=\"_ _2d8\"> </span></span>A. INSURANCE AND<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EINSUR<span class=\"_ _1\"></span>ANC<span class=\"_ _0\"></span>E CON<span class=\"_ _0\"></span>TRA<span class=\"_ _0\"></span>CTS<span class=\"_ _0\"></span> CLASSIFICA<span class=\"_ _2\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues insurance contr<span class=\"_ _c\"></span>acts in the normal course of business,<span class=\"_ _2\"></span> under which it accepts significant insur<span class=\"_ _0\"></span>ance risk fr<span class=\"_ _0\"></span>om a policyholder <span class=\"_ _0\"></span> by agr<span class=\"_ _c\"></span>eeing to compensat<span class=\"_ _0\"></span>e the policyholder if a specified uncertain futur<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent adversely af<span class=\"_ _c\"></span>fects the policyholder<span class=\"_ _2\"></span>.<span class=\"_ _c\"></span> As a gener<span class=\"_ _0\"></span>al guideline,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup determines whether it has significant insur<span class=\"_ _0\"></span>ance risk,<span class=\"_ _2\"></span> by comparing benefits pay<span class=\"_ _c\"></span>able after an insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent with benefits pay<span class=\"_ _0\"></span>able if the insured e<span class=\"_ _0\"></span>vent did not occur<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only non-life insur<span class=\"_ _0\"></span>ance to individuals and businesses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Non-life insur<span class=\"_ _c\"></span>ance pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup are Mot<span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>These pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>er prot<span class=\"_ _0\"></span>ection of a policyholder\u2019<span class=\"_ _2\"></span>s assets and indemnification of other par<span class=\"_ _1\"></span>ties that hav<span class=\"_ _0\"></span>e suf<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ed<span class=\"_ gs41\"> </span>damage as a result of a policyholder\u2019<span class=\"_ _2\"></span>s accident.<span class=\"_ _2d8\"> </span>In the normal course of business,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup uses reinsur<span class=\"_ _c\"></span>ance to mitigat<span class=\"_ _0\"></span>e its risk exposur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> A r<span class=\"_ _c\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act tr<span class=\"_ _0\"></span>ansfers significant risks if it<span class=\"_ gs41\"> </span>tr<span class=\"_ _0\"></span>ansfers subst<span class=\"_ _c\"></span>antially all of the insurance risk r<span class=\"_ _c\"></span>esulting from the insur<span class=\"_ _c\"></span>ed por<span class=\"_ _1\"></span>tion of the underlying insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> e<span class=\"_ _0\"></span>ven if it does not expose<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>einsurer t<span class=\"_ _0\"></span>o the possibility of a significant loss.<span class=\"_ _2d8\"> </span>B. IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE AN<span class=\"_ _1\"></span>D REI<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE CONTR<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>CTS ACCOUNTING TR<span class=\"_ _1\"></span>EA<span class=\"_ _0\"></span>TME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>(i<span class=\"_ _0\"></span>) Separating componen<span class=\"_ _0\"></span>ts from insurance<span class=\"_ _0\"></span> and reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup assesses its non-life insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>oducts to det<span class=\"_ _c\"></span>ermine whether they contain distinct components which m<span class=\"_ _c\"></span>ust be accounted f<span class=\"_ _c\"></span>or under another IFRS instead of under IFRS 17.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>After separ<span class=\"_ _c\"></span>ating any distinct components,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup applies IFRS 17 to all r<span class=\"_ _0\"></span>emaining components of the (host) insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act.<span class=\"_ _2\"></span> Curr<span class=\"_ _0\"></span>ently<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products do not inc<span class=\"_ _0\"></span>lude any distinct components that r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e separ<span class=\"_ _0\"></span>ation.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _0\"></span>) A<span class=\"_ _0\"></span>ggregation and<span class=\"_ _0\"></span> recognition of<span class=\"_ _0\"></span> insurance and<span class=\"_ _0\"></span> reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>I<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e aggr<span class=\"_ _0\"></span>egated int<span class=\"_ _c\"></span>o groups f<span class=\"_ _0\"></span>or measur<span class=\"_ _0\"></span>ement purposes.<span class=\"_ _2\"></span> Gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts are det<span class=\"_ _c\"></span>ermined by identifying portfolios of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> each comprising contr<span class=\"_ _c\"></span>acts subject to similar risks and managed t<span class=\"_ _0\"></span>ogether<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and dividing each portfolio into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts (i.e.<span class=\"_ _2\"></span> by y<span class=\"_ _0\"></span>ear of issue) and each annual cohort into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous subsequently <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>emaining contr<span class=\"_ _0\"></span>acts in the annual cohort<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts it issues from the earliest of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When the first payment fr<span class=\"_ _c\"></span>om a policyholder in the group becomes due or when the first pa<span class=\"_ _0\"></span>yment is r<span class=\"_ _0\"></span>eceived if ther<span class=\"_ _c\"></span>e is no due date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate that the contr<span class=\"_ _c\"></span>act is onerous<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _c\"></span>ofitability of gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts is assessed by actuarial v<span class=\"_ _c\"></span>aluation models that tak<span class=\"_ _0\"></span>e into consider<span class=\"_ _c\"></span>ation existing and new business.<span class=\"_ _b\"></span> The Gr<span class=\"_ _c\"></span>oup assumes that no contracts in the portfolio ar<span class=\"_ _c\"></span>e onerous at initial r<span class=\"_ _c\"></span>ecognition unless facts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate otherwise.<span class=\"_ _2\"></span> For contr<span class=\"_ _c\"></span>acts that are not oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup assesses,<span class=\"_ _2\"></span> at initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> that there is no significant possibility of becoming oner<span class=\"_ _0\"></span>ous subsequently by assessing the lik<span class=\"_ _c\"></span>elihood of changes in applicable facts and cir<span class=\"_ _c\"></span>cumstances.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers facts and<span class=\"_ _0\"></span> cir<span class=\"_ _0\"></span>cumstances t<span class=\"_ _c\"></span>o identify whether a group of contr<span class=\"_ _c\"></span>acts are oner<span class=\"_ _c\"></span>ous based on:<span class=\"_ _c\"></span>  <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Pricing inf<span class=\"_ _0\"></span>ormation <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Results of similar contr<span class=\"_ _c\"></span>acts it has recognised <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>En<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onmental f<span class=\"_ _c\"></span>actors,<span class=\"_ _2\"></span> e.g<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> a change in mark<span class=\"_ _0\"></span>et experience or r<span class=\"_ _0\"></span>egulations<span class=\"_ _2d8\"> </span>Reinsurance<span class=\"_ _c\"></span> contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Some r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts pr<span class=\"_ _0\"></span>ovide co<span class=\"_ _c\"></span>ver for underlying contr<span class=\"_ _c\"></span>acts that are included in dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent groups.<span class=\"_ _b\"></span> Howev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Group concludes that the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act\u2019<span class=\"_ _2\"></span>s legal form of a single contr<span class=\"_ _c\"></span>act reflects the subst<span class=\"_ _0\"></span>ance of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s contractual rights and obligations<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> considering that the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent covers lapse t<span class=\"_ _c\"></span>ogether and are not sold separ<span class=\"_ _c\"></span>ately<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a result,<span class=\"_ _b\"></span> the reinsur<span class=\"_ _c\"></span>ance contract is not separ<span class=\"_ _c\"></span>ated int<span class=\"_ _0\"></span>o multiple insur<span class=\"_ _c\"></span>ance components that relat<span class=\"_ _c\"></span>e to dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent underlying groups<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts held at the earlier of the f<span class=\"_ _0\"></span>ollowing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The dat<span class=\"_ _c\"></span>e the Group r<span class=\"_ _c\"></span>ecognises an onerous gr<span class=\"_ _c\"></span>oup of underlying insurance contr<span class=\"_ _c\"></span>acts if the Group ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act held in the gr<span class=\"_ _0\"></span>oup of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held at or befor<span class=\"_ _c\"></span>e that date<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _1\"></span>i) Me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _2d8\"> </span>Summary of<span class=\"_ _0\"></span> measuremen<span class=\"_ _0\"></span>t appr<span class=\"_ _0\"></span>oaches<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup uses the following measur<span class=\"_ _c\"></span>ement approaches t<span class=\"_ _c\"></span>o its insurance and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span><table class=\"s w1bc h73\" id=\"_55360455-9856-4c92-9e21-664a1f84c7a1\"><tr><td></td><td class=\"c n x380 y2580 w1bd h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Product classification<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x381 y2580 w1be h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Measurement model<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2581 ff2 fs7 fc2 sc0 lsad ws7c\">Insurance contracts issued<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2582 w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x383 y2582 w1c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x384 y2582 w1c1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _2\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2583 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w1c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance \u2013 excess of loss r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x385 y24bc w1c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsurance contr<span class=\"_ _c\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x386 y24bc w1c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _c\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup applies the premium allocation appr<span class=\"_ _c\"></span>oach to all the insur<span class=\"_ _c\"></span>ance contracts that it issues and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts that it holds,<span class=\"_ _2\"></span> as the cov<span class=\"_ _c\"></span>erage period of each contr<span class=\"_ _c\"></span>act in the group is one y<span class=\"_ _c\"></span>ear or less,<span class=\"_ _2\"></span> including insurance contr<span class=\"_ _c\"></span>act services arising from all pr<span class=\"_ _c\"></span>emiums within the contr<span class=\"_ _0\"></span>act boundary<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not expect significant variability in the fulfilment cash flo<span class=\"_ _0\"></span>ws that would af<span class=\"_ _0\"></span>fect the measur<span class=\"_ _c\"></span>ement of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age during the period befor<span class=\"_ _c\"></span>e a claim is incurred.<span class=\"_ _2d8\"> </span>All the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance contr<span class=\"_ _c\"></span>acts have a co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of one year or less.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance contracts held ar<span class=\"_ _c\"></span>e excess of loss contr<span class=\"_ _0\"></span>acts and ar<span class=\"_ _0\"></span>e loss occurring.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group does not issue an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d) is measured at: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span> <span class=\"_ _26\"></span>The pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus an<span class=\"_ _c\"></span>y insurance acquisition cash flo<span class=\"_ _0\"></span>ws allocat<span class=\"_ _0\"></span>ed to the gr<span class=\"_ _c\"></span>oup at that date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Adjust<span class=\"_ _0\"></span>ed for an<span class=\"_ _c\"></span>y amount arising from the der<span class=\"_ _c\"></span>ecognition of any assets or liabilities pr<span class=\"_ _c\"></span>eviously r<span class=\"_ _0\"></span>ecognised for cash flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>elated t<span class=\"_ _c\"></span>o the gr<span class=\"_ _0\"></span>oup (including assets f<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance acquisition cash flows) The Gr<span class=\"_ _c\"></span>oup has chosen not to expense insur<span class=\"_ _c\"></span>ance acquisition cash flows when they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>Subsequently<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span> the Gr<span class=\"_ _c\"></span>oup measures the carrying amount of the LRC at the end of each r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period as the LRC at the beginning of the period: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus insur<span class=\"_ _c\"></span>ance acquisition cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus an<span class=\"_ _0\"></span>y amounts r<span class=\"_ _0\"></span>elating to the amortisation of insur<span class=\"_ _0\"></span>ance acquisition cash flows r<span class=\"_ _c\"></span>ecognised as an expense in the r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus the amount r<span class=\"_ _c\"></span>ecognised as insurance r<span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>enue f<span class=\"_ _0\"></span>or the services pro<span class=\"_ _0\"></span>vided in the period<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup expects that the time between pr<span class=\"_ _c\"></span>oviding each part of the ser<span class=\"_ _1\"></span>vices and the r<span class=\"_ _0\"></span>elated pr<span class=\"_ _c\"></span>emium due date is no mor<span class=\"_ _c\"></span>e than a year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Accordingly<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group has chosen not t<span class=\"_ _c\"></span>o adjust the liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect the time value of mone<span class=\"_ _0\"></span>y and the eff<span class=\"_ _c\"></span>ect of financial risk.<span class=\"_ _2d8\"> </span>If at an<span class=\"_ _0\"></span>y time during the cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age period,<span class=\"_ _2\"></span> facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e that a group of contr<span class=\"_ _c\"></span>acts is onerous<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> then the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecognises a loss in Pr<span class=\"_ _0\"></span>ofit or Loss and incr<span class=\"_ _c\"></span>eases the liability for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age to the ext<span class=\"_ _c\"></span>ent that the current estimat<span class=\"_ _c\"></span>es of the fulfilment cash flows that r<span class=\"_ _c\"></span>elate t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age exceed the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discounted (at curr<span class=\"_ _c\"></span>ent rat<span class=\"_ _c\"></span>es) if the liability for incurr<span class=\"_ _0\"></span>ed claims is also discount<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises the liability f<span class=\"_ _0\"></span>or incurr<span class=\"_ _0\"></span>ed claims (\u201cLIC\u201d) of a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts at the amount of the fulfilment cash flows (\u201cFCF\u201d) r<span class=\"_ _0\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed (at current r<span class=\"_ _c\"></span>ates) unless the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be paid in one year or less fr<span class=\"_ _c\"></span>om the date the claims ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>The carrying amount of a group of insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts issued at the end of each r<span class=\"_ _0\"></span>eporting period is the sum of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ws10b\"> The <span class=\"_ _10\"> </span>LRC</span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The LIC<span class=\"_ _2d8\"> </span>Ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt for n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>al ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>An explicit risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is estimated separ<span class=\"_ _c\"></span>ate fr<span class=\"_ _c\"></span>om the other estimates.<span class=\"_ _b\"></span> Unless contracts ar<span class=\"_ _c\"></span>e onerous,<span class=\"_ _b\"></span> the explicit risk adjustment for non-financial risk is only estimat<span class=\"_ _c\"></span>ed for the measur<span class=\"_ _0\"></span>ement of the LIC.<span class=\"_ _2d8\"> </span>This risk adjustment r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the compensation that the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing the uncertainty about the amount and timing of cash flows that arise fr<span class=\"_ _c\"></span>om non-financial risk.<span class=\"_ _2\"></span> Non-financial risk is risk arising from insur<span class=\"_ _c\"></span>ance contracts other than financial risk,<span class=\"_ _b\"></span> which is included in the estimat<span class=\"_ _0\"></span>es of futur<span class=\"_ _0\"></span>e cash flows or the discount r<span class=\"_ _c\"></span>ate used t<span class=\"_ _0\"></span>o adjust the cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risks cov<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the risk adjustment for non-financial risk ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance risk and other non-financial risks such as lapse risk and expense risk.<span class=\"_ _2d8\"> </span>The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk for insur<span class=\"_ _c\"></span>ance contracts measur<span class=\"_ _c\"></span>es the compensation that the Group w<span class=\"_ _c\"></span>ould requir<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o make it<span class=\"_ _0\"></span> indif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent between: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that has a r<span class=\"_ _c\"></span>ange of possible outcomes arising from non-financial risk <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that will gener<span class=\"_ _c\"></span>ate fix<span class=\"_ _0\"></span>ed cash flows with the same expect<span class=\"_ _c\"></span>ed present v<span class=\"_ _0\"></span>alue as the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Reinsurance cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s held<span class=\"_ _2d8\"> </span>The excess of loss r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held pro<span class=\"_ _c\"></span>vide cover<span class=\"_ _c\"></span>age on the motor insur<span class=\"_ _c\"></span>ance contracts originat<span class=\"_ _c\"></span>ed for claims incurr<span class=\"_ _0\"></span>ed during an accident year and ar<span class=\"_ _c\"></span>e accounted f<span class=\"_ _0\"></span>or under the P<span class=\"_ _c\"></span>AA.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group measur<span class=\"_ _c\"></span>es its reinsur<span class=\"_ _c\"></span>ance assets for a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts that it holds on the same basis as insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts that it issues.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age at the amount of ceding pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> at each of the subsequent r<span class=\"_ _0\"></span>eporting dates,<span class=\"_ _2\"></span> the r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age is: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incr<span class=\"_ _c\"></span>eased for ceding pr<span class=\"_ _0\"></span>emiums paid in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Decr<span class=\"_ _c\"></span>eased for the amounts of ceding pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>ecognised as reinsur<span class=\"_ _c\"></span>ance expenses f<span class=\"_ _0\"></span>or the services receiv<span class=\"_ _0\"></span>ed in the period<span class=\"_ _2d8\"> </span>Assets for r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts consist of the asset for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age (\u201c<span class=\"_ _2\"></span>ARC\u201d) and the asset for incurr<span class=\"_ _0\"></span>ed claims (\u201c<span class=\"_ _2\"></span>AIC\u201d) being the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers\u2019<span class=\"_ _2\"></span> share of c<span class=\"_ _0\"></span>laims that have alr<span class=\"_ _c\"></span>eady been incurred.<span class=\"_ _2d8\"> </span>For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> the risk adjustment for non-financial risk pr<span class=\"_ _c\"></span>esents the amount of risk being transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _c\"></span>oup to the<span class=\"_ gs41\"> </span>r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>er<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>Asse<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or insur<span class=\"_ _c\"></span>ance acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n cash<span class=\"_ _0\"></span> flo<span class=\"_ _0\"></span>ws<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup includes the following acquisition cash flo<span class=\"_ _0\"></span>ws within the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act boundary that arise from selling<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> underwriting and starting a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts and that ar<span class=\"_ _0\"></span>e:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span>Costs dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o individual contracts and gr<span class=\"_ _c\"></span>oups of contracts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>Costs dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able to the portfolio of insur<span class=\"_ _c\"></span>ance contracts t<span class=\"_ _c\"></span>o which the group belongs<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e allocated on a r<span class=\"_ _c\"></span>easonable and consistent basis t<span class=\"_ _c\"></span>o measure the gr<span class=\"_ _c\"></span>oup of insurance contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance acquisition cash flows arising bef<span class=\"_ _c\"></span>ore the r<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _c\"></span>ecognised as an asset.<span class=\"_ _2\"></span> Insurance acquisition cash flows arise when the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e paid or when a liability is requir<span class=\"_ _c\"></span>ed to be r<span class=\"_ _c\"></span>ecognised under a standar<span class=\"_ _0\"></span>d other than IFRS 17.<span class=\"_ _2\"></span> Such an asset is r<span class=\"_ _0\"></span>ecognised for each gr<span class=\"_ _c\"></span>oup of contr<span class=\"_ _0\"></span>acts to which the insur<span class=\"_ _c\"></span>ance acquisition cash flows ar<span class=\"_ _c\"></span>e allocated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The asset is derecognised,<span class=\"_ _2\"></span> fully or partially<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the insurance acquisition cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e included in the measur<span class=\"_ _0\"></span>ement of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2d8\"> </span>Reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>abi<span class=\"_ _1\"></span>lity<span class=\"_ _0\"></span> assessment<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> if f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumstances indicat<span class=\"_ _c\"></span>e that an asset for insur<span class=\"_ _0\"></span>ance acquisition cash flows ma<span class=\"_ _0\"></span>y be impaired,<span class=\"_ _b\"></span> then<span class=\"_ _1\"></span> the<span class=\"_ gs41\"> </span>Gr<span class=\"_ _0\"></span>oup:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>Recognises an impairment loss in Pr<span class=\"_ _0\"></span>ofit or Loss so that the carrying amount of the asset does not exceed the expect<span class=\"_ _c\"></span>ed net cash inflow for<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>elated gr<span class=\"_ _c\"></span>oup<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the asset r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to futur<span class=\"_ _c\"></span>e rene<span class=\"_ _0\"></span>wals,<span class=\"_ _2\"></span> r<span class=\"_ _c\"></span>ecognises an impairment loss in Profit or L<span class=\"_ _c\"></span>oss to the ext<span class=\"_ _0\"></span>ent that it expects those insur<span class=\"_ _c\"></span>ance acquisition cash flows t<span class=\"_ _c\"></span>o exceed the net cash inflow f<span class=\"_ _0\"></span>or the expect<span class=\"_ _0\"></span>ed rene<span class=\"_ _0\"></span>wals and this e<span class=\"_ _0\"></span>xcess has not alr<span class=\"_ _0\"></span>eady been recognised as an impairment loss under (a)<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup rev<span class=\"_ _c\"></span>erses any impairment losses in Pr<span class=\"_ _c\"></span>ofit or Loss and incr<span class=\"_ _0\"></span>eases the carrying amount of the asset to the ext<span class=\"_ _c\"></span>ent that the impairment conditions hav<span class=\"_ _0\"></span>e impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>Modification and der<span class=\"_ _0\"></span>ecognition<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup derecognises insur<span class=\"_ _c\"></span>ance contracts when: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is extinguished (i.e.<span class=\"_ _2\"></span> when the obligation specified in the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act expir<span class=\"_ _c\"></span>es or is discharged or cancelled) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is modified and cer<span class=\"_ _1\"></span>tain additional crit<span class=\"_ _c\"></span>eria are met<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract is modified by the Gr<span class=\"_ _c\"></span>oup as a r<span class=\"_ _0\"></span>esult of an agreement with the count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties or due to a c<span class=\"_ _0\"></span>hange in r<span class=\"_ _0\"></span>egulations,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup treats changes in cash flo<span class=\"_ _0\"></span>ws caused by the modification as changes in estimat<span class=\"_ _c\"></span>es of the FCF<span class=\"_ _b\"></span>,<span class=\"_ _2\"></span> unless the conditions for the der<span class=\"_ _c\"></span>ecognition of the original contract ar<span class=\"_ _c\"></span>e met.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup derecognises the original contr<span class=\"_ _c\"></span>act and recognises the modified contr<span class=\"_ _c\"></span>act as a new contr<span class=\"_ _c\"></span>act if any of the f<span class=\"_ _0\"></span>ollowing conditions ar<span class=\"_ _c\"></span>e present:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the modified terms had been included at contr<span class=\"_ _c\"></span>act inception and the Gr<span class=\"_ _0\"></span>oup would hav<span class=\"_ _0\"></span>e concluded that the modified contr<span class=\"_ _c\"></span>act: <span class=\"_ _c9\"> </span>i.<span class=\"_ _c\"></span>  <span class=\"_ _7\"> </span>Is not in scope of IFRS 17 <span class=\"_ _c9\"> </span>ii.<span class=\"_ _c\"></span>  <span class=\"_ _3\"> </span>Results in diff<span class=\"_ _c\"></span>erent separ<span class=\"_ _c\"></span>able components <span class=\"_ _c9\"> </span>iii.<span class=\"_ _c\"></span>  <span class=\"_ _0\"></span>Results in a diff<span class=\"_ _c\"></span>erent contr<span class=\"_ _c\"></span>act boundar<span class=\"_ _1\"></span>y <span class=\"_ _c9\"> </span>iv<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span>  Belongs to a dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent group of contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>The original contr<span class=\"_ _c\"></span>act was accounted f<span class=\"_ _c\"></span>or under the P<span class=\"_ _c\"></span>AA,<span class=\"_ _2\"></span> but the modification means that the contract no longer meets the eligibility criteria f<span class=\"_ _c\"></span>or that approach<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract account<span class=\"_ _0\"></span>ed for under the P<span class=\"_ _2\"></span>AA is derecognised,<span class=\"_ _b\"></span> adjustments to the FCF t<span class=\"_ _0\"></span>o remo<span class=\"_ _c\"></span>ve r<span class=\"_ _0\"></span>elating rights and obligations,<span class=\"_ _2\"></span> and account f<span class=\"_ _0\"></span>or the eff<span class=\"_ _c\"></span>ect of the derecognition r<span class=\"_ _c\"></span>esult in the following amounts being char<span class=\"_ _c\"></span>ged immediately t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _0\"></span>act is extinguished,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the der<span class=\"_ _0\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC of the original contr<span class=\"_ _c\"></span>act and any other cash flows arising fr<span class=\"_ _c\"></span>om extinguishment<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _c\"></span>act is transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed to the thir<span class=\"_ _c\"></span>d par<span class=\"_ _1\"></span>ty<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net diff<span class=\"_ _c\"></span>erence betw<span class=\"_ _0\"></span>een the derecognised part of the LRC of the original contr<span class=\"_ _0\"></span>act and the pr<span class=\"_ _0\"></span>emium charged b<span class=\"_ _c\"></span>y the third party<span class=\"_ _2d8\"> </span>c.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the original contr<span class=\"_ _0\"></span>act is modified r<span class=\"_ _0\"></span>esulting in its der<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> any net dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the der<span class=\"_ _c\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC and the hypothetical pr<span class=\"_ _c\"></span>emium the entity would hav<span class=\"_ _0\"></span>e charged had it ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o a contr<span class=\"_ _c\"></span>act with equivalent terms as the ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>act at the date of the contr<span class=\"_ _c\"></span>act modification,<span class=\"_ _2\"></span> less any additional pr<span class=\"_ _c\"></span>emium charged f<span class=\"_ _0\"></span>or the modification<span class=\"_ _2d8\"> </span>(iv<span class=\"_ _c\"></span>) Presentation<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has present<span class=\"_ _0\"></span>ed separ<span class=\"_ _0\"></span>ately<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> in the Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the carrying amount of por<span class=\"_ _1\"></span>tfolios of insur<span class=\"_ _c\"></span>ance contracts issued<span class=\"_ _0\"></span> and portfolios of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has elected to disaggr<span class=\"_ _c\"></span>egate part of the mov<span class=\"_ _0\"></span>ement in LIC r<span class=\"_ _0\"></span>esulting fr<span class=\"_ _0\"></span>om the changes in discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and pr<span class=\"_ _0\"></span>esent this in the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup disaggregat<span class=\"_ _c\"></span>es the tot<span class=\"_ _0\"></span>al amount r<span class=\"_ _0\"></span>ecognised in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income int<span class=\"_ _0\"></span>o an insur<span class=\"_ _0\"></span>ance service result,<span class=\"_ _2\"></span> comprising insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue and insur<span class=\"_ _0\"></span>ance service expense,<span class=\"_ _2\"></span> and insur<span class=\"_ _0\"></span>ance finance income or expenses.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup does not disaggregat<span class=\"_ _0\"></span>e the change in risk adjustment for non-financial risk betw<span class=\"_ _0\"></span>een a financial and non-financial portion and includes the entir<span class=\"_ _0\"></span>e change as part of the insurance service r<span class=\"_ _0\"></span>esult.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup separat<span class=\"_ _0\"></span>ely pr<span class=\"_ _0\"></span>esents income or expenses fr<span class=\"_ _c\"></span>om reinsur<span class=\"_ _c\"></span>ance contracts held fr<span class=\"_ _c\"></span>om the expenses or income fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ gs41\"> </span>issued.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>NCE C<span class=\"_ _1\"></span>ONTR<span class=\"_ _1\"></span>ACTS I<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UE<span class=\"_ _1\"></span>D<span class=\"_ _2d8\"> </span>Insurance rev<span class=\"_ _0\"></span>enue<span class=\"_ _2d8\"> </span>As the Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>ovides insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act services under the group of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> it reduces the LRC and r<span class=\"_ _c\"></span>ecognises insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of pr<span class=\"_ _c\"></span>omised ser<span class=\"_ _1\"></span>vices at an amount that r<span class=\"_ _0\"></span>eflects the portion of consideration that the Gr<span class=\"_ _c\"></span>oup expects to be entitled t<span class=\"_ _c\"></span>o in exchange for those services.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures all insur<span class=\"_ _c\"></span>ance contracts under the P<span class=\"_ _2\"></span>AA and recognises insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue based on the passage of time ov<span class=\"_ _c\"></span>er the cov<span class=\"_ _c\"></span>erage period of a gr<span class=\"_ _c\"></span>oup of contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insurance service expenses<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance service expenses include the follo<span class=\"_ _c\"></span>wing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims and benefits <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to futur<span class=\"_ _c\"></span>e service \u2013 changes in the FCF that result in oner<span class=\"_ _c\"></span>ous contract losses or r<span class=\"_ _c\"></span>eversals of those losses<span class=\"_ _2d8\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws is based on the passage of time.<span class=\"_ _2d8\"> </span>Other expenses not meeting the abo<span class=\"_ _0\"></span>ve cat<span class=\"_ _c\"></span>egories are included in other oper<span class=\"_ _c\"></span>ating expenses in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E CON<span class=\"_ _1\"></span>TR<span class=\"_ _1\"></span>ACTS HE<span class=\"_ _1\"></span>LD<span class=\"_ _2d8\"> </span>Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _2\"></span>) from reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup presents separ<span class=\"_ _c\"></span>ately on the face of the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income,<span class=\"_ _2\"></span> the amounts expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers,<span class=\"_ _2\"></span> and an allocation of the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The net income/(expense) fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held comprise: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>For gr<span class=\"_ _c\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er fees ar<span class=\"_ _c\"></span>e included within reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hanges in the risk of r<span class=\"_ _0\"></span>einsurers\u2019<span class=\"_ _b\"></span> non-performance <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls3\">Amounts r<span class=\"_ _0\"></span>elating to accounting f<span class=\"_ _c\"></span>or onerous gr<span class=\"_ _c\"></span>oups of underlying insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></span>Reinsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _c\"></span>e recognised similarly t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of r<span class=\"_ _c\"></span>eceived insur<span class=\"_ _c\"></span>ance contract services at an amount that r<span class=\"_ _0\"></span>eflects the portion of ceding premiums that the Gr<span class=\"_ _0\"></span>oup expects t<span class=\"_ _0\"></span>o pay in exchange f<span class=\"_ _c\"></span>or those ser<span class=\"_ _1\"></span>vices.<span class=\"_ _2\"></span> Br<span class=\"_ _c\"></span>oker f<span class=\"_ _0\"></span>ees ar<span class=\"_ _0\"></span>e included in r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses.<span class=\"_ _b\"></span> All gr<span class=\"_ _0\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed under the P<span class=\"_ _c\"></span>AA and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised based on the passage of time ov<span class=\"_ _c\"></span>er the cover<span class=\"_ _c\"></span>age period of a group of contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S AN<span class=\"_ _1\"></span>D OTH<span class=\"_ _1\"></span>ER C<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>EH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>IVE I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>INSUR<span class=\"_ _1\"></span>ANCE FINANCE<span class=\"_ _0\"></span> INCOME OR EX<span class=\"_ _0\"></span>PEN<span class=\"_ _1\"></span>SES<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance finance income or expenses comprise the change in the carrying amount of the gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of the time value of mone<span class=\"_ _0\"></span>y and changes in the time value of mone<span class=\"_ _c\"></span>y <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of financial risk and changes in financial risk<span class=\"_ _2d8\"> </span>For contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> the main amounts within insurance finance income or e<span class=\"_ _0\"></span>xpenses ar<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed on the LIC<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _6\"> </span>The ef<span class=\"_ _c\"></span>fect of changes in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates and other financial assumptions<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup disaggregat<span class=\"_ _0\"></span>es insur<span class=\"_ _0\"></span>ance finance income or expenses on mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts issued between Pr<span class=\"_ _c\"></span>ofit or Loss and OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has made an accounting policy choice t<span class=\"_ _0\"></span>o disaggr<span class=\"_ _0\"></span>egate insur<span class=\"_ _c\"></span>ance finance income or expenses for the period t<span class=\"_ _c\"></span>o include within OCI an amount which r<span class=\"_ _0\"></span>eflects the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the carrying amount of a group of contr<span class=\"_ _c\"></span>acts and the amount that the group w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e been measur<span class=\"_ _0\"></span>ed at using the discount r<span class=\"_ _0\"></span>ates in ef<span class=\"_ _c\"></span>fect on initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> effectiv<span class=\"_ _c\"></span>ely reflecting the impact of discount r<span class=\"_ _c\"></span>ate changes on the opening liability for incurr<span class=\"_ _c\"></span>ed claims thr<span class=\"_ _0\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The amount r<span class=\"_ _0\"></span>ecognised in Other Compr<span class=\"_ _0\"></span>ehensive Income o<span class=\"_ _c\"></span>ver the dur<span class=\"_ _0\"></span>ation of a gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts will always t<span class=\"_ _c\"></span>otal zer<span class=\"_ _c\"></span>o.<span class=\"_ _2d8\"> </span>The impact of changes in mark<span class=\"_ _c\"></span>et inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on the v<span class=\"_ _c\"></span>alue of the insurance assets and liabilities ar<span class=\"_ _c\"></span>e reflect<span class=\"_ _0\"></span>ed in OCI in or<span class=\"_ _0\"></span>der to minimise<span class=\"_ _0\"></span> accounting mismatches between the accounting f<span class=\"_ _c\"></span>or financial assets and insurance assets and liabilities.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets backing the mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olios ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>edominantly measured at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span><div class=\"t m0 h8 ff3 fs6 fc7 sc0 ls1d ws1f gs204\">RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs205\">Refer t<span class=\"_ _c\"></span>o Notes 3.6 and 3.7 f<span class=\"_ _0\"></span>or detail on risks r<span class=\"_ _c\"></span>elating to insur<span class=\"_ _c\"></span>ance liabilities and reinsur<span class=\"_ _c\"></span>ance assets,<span class=\"_ _2\"></span> and the management thereof<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc6 sc0 ls1d ws1f gs206\">CRITI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span>AL A<span class=\"_ _c\"></span>C<span class=\"_ _1\"></span>COUNTIN<span class=\"_ _1\"></span>G ESTI<span class=\"_ _1\"></span>MA<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>S AND JUD<span class=\"_ _1\"></span>GEM<span class=\"_ _1\"></span>ENT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs207\">The pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ation of these Consolidat<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _c\"></span>ements requir<span class=\"_ _c\"></span>es the Group t<span class=\"_ _0\"></span>o select accounting policies and mak<span class=\"_ _0\"></span>e estimates<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs208\">assumptions and judgements.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The ke<span class=\"_ _c\"></span>y assumptions concerning the future and other k<span class=\"_ _0\"></span>ey sour<span class=\"_ _c\"></span>ces of estimation uncer<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ainty at the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs209\">r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> that hav<span class=\"_ _0\"></span>e a significant risk of causing a material adjustment t<span class=\"_ _c\"></span>o the carr<span class=\"_ _1\"></span>ying amounts of assets and liabilities within the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs20a\">next financial y<span class=\"_ _0\"></span>ear<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> ar<span class=\"_ _0\"></span>e discussed below<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup based its assumptions and estimates on inf<span class=\"_ _c\"></span>ormation and facts av<span class=\"_ _0\"></span>ailable when the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs20b\">financial stat<span class=\"_ _c\"></span>ements wer<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>epared.<span class=\"_ _b\"></span> Existing circumst<span class=\"_ _0\"></span>ances and assumptions about futur<span class=\"_ _0\"></span>e dev<span class=\"_ _0\"></span>elopments,<span class=\"_ _2\"></span> ho<span class=\"_ _0\"></span>wev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> may change due </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs20c\">to mark<span class=\"_ _c\"></span>et changes or cir<span class=\"_ _0\"></span>cumstances arising that ar<span class=\"_ _c\"></span>e beyond the contr<span class=\"_ _c\"></span>ol of the Group<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> Such changes are r<span class=\"_ _c\"></span>eflected in the assumptions </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs20d\">when<span class=\"_ gs41\"> </span>they<span class=\"_ gs41\"> </span>occur<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup disaggr<span class=\"_ _0\"></span>egates inf<span class=\"_ _c\"></span>ormation to disclose major pr<span class=\"_ _c\"></span>oduct lines,<span class=\"_ _2\"></span> namely Motor <span class=\"_ _2\"></span>V<span class=\"_ _c\"></span>ehicle,<span class=\"_ _2\"></span> Mot<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc6 sc0 ls1d ws1f gs20e\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG JUDG<span class=\"_ _1\"></span>EM<span class=\"_ _1\"></span>ENTS<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls0 ws0 gs20f\">A<span class=\"_ _1\"></span>. Level of ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>ion a<span class=\"_ _1\"></span>nd me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>urem<span class=\"_ _1\"></span>ent mo<span class=\"_ _1\"></span>del fo<span class=\"_ _1\"></span>r ins<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>nce c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs210\">For measur<span class=\"_ _c\"></span>ement purposes,<span class=\"_ _2\"></span> insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts are aggr<span class=\"_ _c\"></span>egated int<span class=\"_ _c\"></span>o groups based on an assessment of risks and dividing each portfolio </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs211\">into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts by year of issue<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Judgement is r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed in assessing if the contr<span class=\"_ _0\"></span>acts have similar risks that ar<span class=\"_ _c\"></span>e managed together<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs212\">Each annual cohort is then divided into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> being contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs213\">on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> or an<span class=\"_ _0\"></span>y other contr<span class=\"_ _0\"></span>acts which do not fall int<span class=\"_ _c\"></span>o those categories.<span class=\"_ _b\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs214\">Judgement<span class=\"_ gs41\"> </span>is applied t<span class=\"_ _0\"></span>o determine the pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts at initial recognition.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup applies the default assumption that no </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs215\">gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous unless facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e otherwise.<span class=\"_ _2\"></span> Fur<span class=\"_ _1\"></span>ther judgement is applied to det<span class=\"_ _c\"></span>ermine how </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs216\">contr<span class=\"_ _0\"></span>acts will be measur<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group applies the P<span class=\"_ _2\"></span>AA to simplify the measur<span class=\"_ _c\"></span>ement of all insurance contr<span class=\"_ _c\"></span>acts issued and reinsur<span class=\"_ _c\"></span>ance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs217\">contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The judgement around the P<span class=\"_ _2\"></span>AA has been disclosed in section B(iii) of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s accounting policies for insur<span class=\"_ _0\"></span>ance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs218\">liabilities and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ gs41\"> </span>assets.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs219\">B. Insurance acquisition cash flow<span class=\"_ _0\"></span>s<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs21a\">IFRS 17 r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es an entity to include a portion of its ov<span class=\"_ _c\"></span>erhead costs that are dir<span class=\"_ _c\"></span>ectly attributable in fulfilling the obligations under an </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs21b\">insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act,<span class=\"_ _2\"></span> in the fulfilment cash flows of the r<span class=\"_ _c\"></span>elated liability<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs21c\">The Gr<span class=\"_ _c\"></span>oup applies judgement in determining the inputs used in the methodology to syst<span class=\"_ _c\"></span>ematically and rationally allocat<span class=\"_ _c\"></span>e insurance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs21d\">acquisition cash flows t<span class=\"_ _c\"></span>o groups of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes judgements about the amounts allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs21e\">expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o arise fr<span class=\"_ _0\"></span>om rene<span class=\"_ _0\"></span>wals of e<span class=\"_ _0\"></span>xisting insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts in a gr<span class=\"_ _0\"></span>oup and the volume of e<span class=\"_ _0\"></span>xpected r<span class=\"_ _c\"></span>enewals fr<span class=\"_ _c\"></span>om new contr<span class=\"_ _0\"></span>acts </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs21f\">issued in the period.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs220\">At the end of each r<span class=\"_ _0\"></span>eporting period,<span class=\"_ _2\"></span> the Group r<span class=\"_ _c\"></span>evisits the assumptions made to allocat<span class=\"_ _c\"></span>e insurance acquisition cash flo<span class=\"_ _0\"></span>ws to gr<span class=\"_ _c\"></span>oups,<span class=\"_ _2\"></span> and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs221\">wher<span class=\"_ _0\"></span>e necessary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> re<span class=\"_ _0\"></span>vises the amounts of assets for insur<span class=\"_ _c\"></span>ance acquisition cash flows accor<span class=\"_ _0\"></span>dingly<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls0 ws0 gs223\">C. Di<span class=\"_ _1\"></span>scou<span class=\"_ _1\"></span>nt rate<span class=\"_ _1\"></span>s<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs224\">As ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no ref<span class=\"_ _c\"></span>erenced asset portfolios backing the LIC<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> because of the volatility and uncertainty of claims on short-term insur<span class=\"_ _c\"></span>ance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs225\">contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup deemed it more appr<span class=\"_ _c\"></span>opriate t<span class=\"_ _0\"></span>o use the bottom-up appr<span class=\"_ _c\"></span>oach under IFRS 17 for discounting.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>This reflects a risk-fr<span class=\"_ _c\"></span>ee </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs226\">yield curve and an illiquidity pr<span class=\"_ _0\"></span>emium.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The standar<span class=\"_ _c\"></span>d does not specify how to calculat<span class=\"_ _c\"></span>e the illiquidity premium.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs227\">The Gr<span class=\"_ _c\"></span>oup uses the risk-free curves published b<span class=\"_ _0\"></span>y the Bank of England.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Solvency II GBP risk-fr<span class=\"_ _0\"></span>ee yield curve is based on six-month </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs228\">SONIA sw<span class=\"_ _0\"></span>ap r<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> corr<span class=\"_ _0\"></span>ected using an adjustment defined b<span class=\"_ _c\"></span>y the PRA for cr<span class=\"_ _0\"></span>edit risk.<span class=\"_ _2\"></span> SONIA-based yield curves ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed to cont<span class=\"_ _c\"></span>ain </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs229\">negligible cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> according t<span class=\"_ _c\"></span>o the Bank of England,<span class=\"_ _2\"></span> as the contracts that mak<span class=\"_ _c\"></span>e it up settle overnight.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs22a\">The Gr<span class=\"_ _c\"></span>oup has performed a number of analyses in det<span class=\"_ _0\"></span>ermining the choice of the illiquidity risk component,<span class=\"_ _2\"></span> including using the Solv<span class=\"_ _0\"></span>ency </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs22b\">II volatility adjustment (\u201cV<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>\u201d).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The analyses did not identify an<span class=\"_ _0\"></span>y material dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ences in r<span class=\"_ _0\"></span>eserves.<span class=\"_ _2\"></span> Giv<span class=\"_ _0\"></span>en the natur<span class=\"_ _0\"></span>e of the liabilities and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs22c\">that ther<span class=\"_ _0\"></span>e is no penalty or surr<span class=\"_ _0\"></span>ender value t<span class=\"_ _c\"></span>o exit the insurance contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup applied judgement in setting the illiquidity risk </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs22d\">component and has selected the <span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>A to be an appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oxy f<span class=\"_ _0\"></span>or the illiquidity adjustment.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs22e\">Discount r<span class=\"_ _0\"></span>ates applied f<span class=\"_ _c\"></span>or discounting of future cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e listed belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span></div><div class=\"gs22f\"><table class=\"s w1c5 h74\" id=\"_70e6a041-6dd2-468b-a3d3-2a4a99df54e1\"><tr><td></td><td></td><td class=\"c n x387 y2584 w1c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x388 y2584 w1c7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x389 y2585 w1c8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 year<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38a y2585 w1c9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38b y2585 w1ca h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38c y2585 w1cb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">10 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38d y2585 w1c8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 year<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38e y2585 w1c9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38f y2585 w1ca h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x390 y2585 w1cc h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">10 years<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance</div></td><td class=\"c n x391 y24cd w1cd h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _149\"> </span><span class=\"ff2 ls3a ws39\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>78%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"lsf5 ws106\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x392 y24bc w1ce h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf5 ws106\">3.77<span class=\"_ _1\"></span>%\ue01d<span class=\"_ _e4\"> </span><span class=\"lsde wse9\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x393 y24bc w1cf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsde wse9\">3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1%<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x394 y24bc w1d0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls11 ws14\"><span class=\"_ gs102\"> </span>4.29%\ue01d</div></td><td class=\"c n x395 y24bc w1d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.7<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>%\ue01e</div></td><td class=\"c n x396 y24bc w1d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.39%\ue01e</div></td><td class=\"c n x397 y24bc w1d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4.28%\ue01e</div></td><td class=\"c n x398 y24bc w1d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>%\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs230\">See Note 3.6 f<span class=\"_ _c\"></span>or the impact of a 1% increase or decr<span class=\"_ _c\"></span>ease in the discount rat<span class=\"_ _c\"></span>es used.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls36 ws11 gs231\">D<span class=\"_ _0\"></span>. Risk adj<span class=\"_ _0\"></span>ustment f<span class=\"_ _0\"></span>or non-<span class=\"_ _1\"></span>financial risk<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs232\">The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is the compensation that the Gr<span class=\"_ _0\"></span>oup requir<span class=\"_ _c\"></span>es for bearing the uncertainty about the amount and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs233\">timing of the cash flows of gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risk adjustment reflects an amount that an insur<span class=\"_ _c\"></span>er would r<span class=\"_ _0\"></span>ationally pay t<span class=\"_ _0\"></span>o </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs234\">r<span class=\"_ _0\"></span>emov<span class=\"_ _0\"></span>e the uncertainty that futur<span class=\"_ _0\"></span>e cash flows could e<span class=\"_ _0\"></span>xceed the expect<span class=\"_ _0\"></span>ed value amount.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs235\">The Gr<span class=\"_ _c\"></span>oup has estimated the risk adjustment using a methodology which t<span class=\"_ _0\"></span>argets a confidence le<span class=\"_ _0\"></span>vel (pr<span class=\"_ _c\"></span>obability of sufficiency) appr<span class=\"_ _c\"></span>oach </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs236\">between the 80th and 90th per<span class=\"_ _c\"></span>centile.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At 31 December 2025,<span class=\"_ _2\"></span> the net risk adjustment applied equates t<span class=\"_ _c\"></span>o an appro<span class=\"_ _0\"></span>ximat<span class=\"_ _0\"></span>e confidence </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs237\">interv<span class=\"_ _0\"></span>al of 81.4% (31 December 2024:<span class=\"_ _c\"></span> 80.6%).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>That is,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup has assessed its indiff<span class=\"_ _c\"></span>erence t<span class=\"_ _0\"></span>o uncertainty for all pr<span class=\"_ _c\"></span>oduct lines (as </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs238\">an indication of the compensation that it r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing non-financial risk) as being equiv<span class=\"_ _0\"></span>alent t<span class=\"_ _0\"></span>o the 80th to 90th per<span class=\"_ _c\"></span>centile </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs239\">confidence lev<span class=\"_ _0\"></span>el less the mean of an estimat<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>obability distribution of the future cash flo<span class=\"_ _c\"></span>ws.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup has estimat<span class=\"_ _0\"></span>ed the pr<span class=\"_ _0\"></span>obability </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs23a\">distribution of the futur<span class=\"_ _0\"></span>e cash flows,<span class=\"_ _b\"></span> and the additional amount above the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>esent value of futur<span class=\"_ _0\"></span>e cash flows r<span class=\"_ _c\"></span>equired t<span class=\"_ _c\"></span>o meet </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs23b\">the tar<span class=\"_ _c\"></span>get<span class=\"_ gs41\"> </span>percentiles<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs23c\">Sabr<span class=\"_ _0\"></span>e uses a <span class=\"_ _2\"></span>\u2018bootstr<span class=\"_ _0\"></span>apping\u2019<span class=\"_ _2\"></span> method to cr<span class=\"_ _c\"></span>eate a distribution of outcomes f<span class=\"_ _0\"></span>or the outstanding c<span class=\"_ _0\"></span>laim amounts.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This distribution is assessed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs23d\">to calculat<span class=\"_ _c\"></span>e the risk adjustment at a chosen confidence level.<span class=\"_ _b\"></span> Bootstrapping in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es taking r<span class=\"_ _0\"></span>andom samples of the dat<span class=\"_ _0\"></span>a for analysis,<span class=\"_ _b\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs23e\">r<span class=\"_ _0\"></span>ather than using the full dataset.<span class=\"_ _b\"></span> Multiple random samples ar<span class=\"_ _c\"></span>e selected,<span class=\"_ _2\"></span> with each r<span class=\"_ _c\"></span>andom sample selected fr<span class=\"_ _0\"></span>om the full dat<span class=\"_ _0\"></span>aset.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs23f\">See Note 3.6 f<span class=\"_ _c\"></span>or the impact of moving the confidence int<span class=\"_ _0\"></span>erval of the book<span class=\"_ _0\"></span>ed risk adjustment up or down b<span class=\"_ _0\"></span>y 5ppts.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc6 sc0 ls1d ws1f gs241\">CRITI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span>AL A<span class=\"_ _c\"></span>C<span class=\"_ _1\"></span>COUNTIN<span class=\"_ _1\"></span>G ESTI<span class=\"_ _1\"></span>MA<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 lsf6 ws11 gs242\">E. Liability for inc<span class=\"_ _0\"></span>urred claims<span class=\"_ _0\"></span> (<span class=\"_ _0\"></span>\u201cLIC\u201d<span class=\"_ _0\"></span>)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs243\">The ultimat<span class=\"_ _0\"></span>e cost of outstanding claims is estimat<span class=\"_ _c\"></span>ed by using a r<span class=\"_ _0\"></span>ange of st<span class=\"_ _0\"></span>andard actuarial claims pr<span class=\"_ _c\"></span>ojection techniques<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs244\">Chain<span class=\"_ gs41\"> </span>Ladder and Bornheutter<span class=\"_ _c\"></span>-Fer<span class=\"_ _0\"></span>guson methods.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs245\">The main assumption underlying these t<span class=\"_ _0\"></span>echniques is that a Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s past claims dev<span class=\"_ _0\"></span>elopment experience can be used t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>oject </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs246\">futur<span class=\"_ _0\"></span>e claims dev<span class=\"_ _0\"></span>elopment and hence ultimat<span class=\"_ _0\"></span>e claims costs.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These methods extr<span class=\"_ _0\"></span>apolat<span class=\"_ _0\"></span>e the dev<span class=\"_ _0\"></span>elopment of paid and incurr<span class=\"_ _0\"></span>ed losses,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs247\">av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age costs per claim (including claims handling costs),<span class=\"_ _2\"></span> and claim numbers based on the observ<span class=\"_ _0\"></span>ed dev<span class=\"_ _0\"></span>elopment of earlier years </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs248\">and expect<span class=\"_ _0\"></span>ed loss r<span class=\"_ _0\"></span>atios.<span class=\"_ _2\"></span> Hist<span class=\"_ _0\"></span>orical claims dev<span class=\"_ _c\"></span>elopment is mainly analysed by accident years,<span class=\"_ _b\"></span> but can also be fur<span class=\"_ _1\"></span>ther analysed by </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs249\">geogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _0\"></span>ea,<span class=\"_ _2\"></span> as well as b<span class=\"_ _0\"></span>y significant business lines and claim types.<span class=\"_ _2\"></span> Lar<span class=\"_ _0\"></span>ge claims ar<span class=\"_ _0\"></span>e usually separ<span class=\"_ _0\"></span>ately addr<span class=\"_ _c\"></span>essed,<span class=\"_ _2\"></span> either by being </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs24a\">r<span class=\"_ _0\"></span>eserved at the f<span class=\"_ _0\"></span>ace value of loss adjust<span class=\"_ _0\"></span>er estimat<span class=\"_ _0\"></span>es or separ<span class=\"_ _0\"></span>ately pr<span class=\"_ _c\"></span>ojected in or<span class=\"_ _c\"></span>der to r<span class=\"_ _0\"></span>eflect their futur<span class=\"_ _0\"></span>e dev<span class=\"_ _0\"></span>elopment.<span class=\"_ _2\"></span> In most cases,<span class=\"_ _2\"></span> no </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs24b\">explicit assumptions ar<span class=\"_ _c\"></span>e made regar<span class=\"_ _0\"></span>ding futur<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ates of c<span class=\"_ _0\"></span>laims inflation or loss r<span class=\"_ _0\"></span>atios.<span class=\"_ _2\"></span> Inst<span class=\"_ _0\"></span>ead,<span class=\"_ _2\"></span> the assumptions used ar<span class=\"_ _0\"></span>e those implicit in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs24c\">the historical c<span class=\"_ _0\"></span>laims dev<span class=\"_ _0\"></span>elopment data on which the pr<span class=\"_ _c\"></span>ojections ar<span class=\"_ _0\"></span>e based.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Additional qualitativ<span class=\"_ _c\"></span>e judgement is used to assess the ext<span class=\"_ _c\"></span>ent </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs24d\">to whic<span class=\"_ _0\"></span>h past tr<span class=\"_ _0\"></span>ends may not apply in futur<span class=\"_ _0\"></span>e (e.g.<span class=\"_ _2\"></span> t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect one-off occurr<span class=\"_ _c\"></span>ences,<span class=\"_ _2\"></span> changes in ext<span class=\"_ _0\"></span>ernal or mark<span class=\"_ _0\"></span>et fact<span class=\"_ _c\"></span>ors such as public </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs24e\">attitudes to c<span class=\"_ _0\"></span>laiming,<span class=\"_ _2\"></span> economic conditions,<span class=\"_ _2\"></span> lev<span class=\"_ _c\"></span>els of claims inflation,<span class=\"_ _2\"></span> judicial decisions and legislation,<span class=\"_ _2\"></span> as well as internal f<span class=\"_ _c\"></span>actors such as </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs24f\">portfolio mix,<span class=\"_ _2\"></span> policy featur<span class=\"_ _c\"></span>es and claims handling pr<span class=\"_ _0\"></span>ocedures) in or<span class=\"_ _c\"></span>der to arriv<span class=\"_ _0\"></span>e at the estimated ultimat<span class=\"_ _c\"></span>e cost of claims that present the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs250\">pr<span class=\"_ _0\"></span>obability weight<span class=\"_ _c\"></span>ed expected v<span class=\"_ _0\"></span>alue outcome fr<span class=\"_ _0\"></span>om the r<span class=\"_ _0\"></span>ange of possible outcomes,<span class=\"_ _2\"></span> t<span class=\"_ _0\"></span>aking account of all the uncertainties inv<span class=\"_ _c\"></span>olved.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs251\">The Gr<span class=\"_ _c\"></span>oup has the right to pursue thir<span class=\"_ _0\"></span>d par<span class=\"_ _1\"></span>ties f<span class=\"_ _0\"></span>or payment of some or all costs.<span class=\"_ _2\"></span> Estimat<span class=\"_ _0\"></span>es of salvage r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>eries and subr<span class=\"_ _0\"></span>ogation </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs252\">r<span class=\"_ _0\"></span>eimbursements ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed as an allowance in the measur<span class=\"_ _c\"></span>ement of ultimate claims costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Other k<span class=\"_ _0\"></span>ey cir<span class=\"_ _c\"></span>cumstances af<span class=\"_ _0\"></span>fecting the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs253\">r<span class=\"_ _0\"></span>eliability of assumptions include variation in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and delays in settlement.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs254\">The k<span class=\"_ _0\"></span>ey estimat<span class=\"_ _c\"></span>es in calculating the LIC are the amount and timing of futur<span class=\"_ _c\"></span>e claims payments in relation t<span class=\"_ _c\"></span>o claims already incurr<span class=\"_ _c\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs255\">is primarily assessed with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to past perf<span class=\"_ _0\"></span>ormance,<span class=\"_ _2\"></span> including past settlement patt<span class=\"_ _0\"></span>erns,<span class=\"_ _2\"></span> as per the actuarial methodology outlined </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs256\">abov<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes estimating the lik<span class=\"_ _0\"></span>ely changes in inflation as r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to claims alr<span class=\"_ _c\"></span>eady incurred,<span class=\"_ _2\"></span> as w<span class=\"_ _0\"></span>ell as the expect<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>equency of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs257\">claims which hav<span class=\"_ _0\"></span>e occurr<span class=\"_ _0\"></span>ed but which hav<span class=\"_ _0\"></span>e not yet been r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ted.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The ongoing cost of handling claims alr<span class=\"_ _c\"></span>eady incurred is estimat<span class=\"_ _0\"></span>ed  </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs258\">with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to the hist<span class=\"_ _0\"></span>orical cost-per<span class=\"_ _c\"></span>-claim calculated o<span class=\"_ _0\"></span>ver the past 12 months.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs259\">See Note 3.6 f<span class=\"_ _c\"></span>or the impact of a 5ppts increase in loss r<span class=\"_ _c\"></span>atio and the impact of a 5% increase in outst<span class=\"_ _c\"></span>anding claims.<span class=\"_ _2d8\"> </span></div>3.<span class=\"_ _c\"></span>1. COM<span class=\"_ _1\"></span>POS<span class=\"_ _1\"></span>IT<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F TH<span class=\"_ _1\"></span>E STA<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>T OF F<span class=\"_ _1\"></span>INAN<span class=\"_ _1\"></span>CIA<span class=\"_ _1\"></span>L POS<span class=\"_ _1\"></span>IT<span class=\"_ _1\"></span>ION<span class=\"_ _2d8\"> </span>An analysis of the amounts pr<span class=\"_ _0\"></span>esented in the St<span class=\"_ _c\"></span>atement of Financial Position f<span class=\"_ _c\"></span>or insurance contr<span class=\"_ _c\"></span>acts is included in the table belo<span class=\"_ _0\"></span>w<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>As at December<span class=\"_ _2d8\"> </span>2025<span class=\"_ _2d8\"> </span>2024<span class=\"_ _2d8\"> </span>Notes<span class=\"_ _2d8\"> </span>\u00a3'k<span class=\"_ _2d8\"> </span>\u00a3'k<span class=\"_ _2d8\"> </span>Insurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _2d8\"> </span>Motor V<span class=\"_ _2\"></span>ehicle <span class=\"_ _1\"></span>insur<span class=\"_ _0\"></span>ance<span class=\"_ _1bf\"> </span><span class=\"ff2 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>19<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _109\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>767<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span>Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance<span class=\"_ _1c0\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span></span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>321<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span>T<span class=\"_ _c\"></span>axi insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span><span class=\"ff2 ls7c ws93\">,252<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span><span class=\"_ gs102\"> </span>65<span class=\"_ _2d8\"> </span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>3<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span>Asset for insur<span class=\"_ _c\"></span>ance acquisition cash flows<span class=\"_ _2d8\"> </span>Motor V<span class=\"_ _2\"></span>ehicle <span class=\"_ _1\"></span>insur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span>3.3<span class=\"_ _6e\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span></span><span class=\"ff2 lse1 wsed\">(<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,18<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _70\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>8)<span class=\"_ _2d8\"> </span>Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span>3.3<span class=\"_ _117\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>6)<span class=\"_ _5e\"> </span></span><span class=\"ls4d ws8d\"><span class=\"_ gs41\"> </span></span>(88<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span>T<span class=\"_ _c\"></span>axi insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span>3.3<span class=\"_ _144\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _43\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span>(<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span>T<span class=\"_ _c\"></span>otal insurance con<span class=\"_ _0\"></span>tract liabilities<span class=\"_ gs102\"> </span>46<span class=\"_ _2d8\"> </span>0<span class=\"_ _1\"></span>,682\ue01d<span class=\"_ gs41\"> </span>39<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2d8\"> </span>924\ue01e<span class=\"_ _2d8\"> </span>Reinsurance contrac<span class=\"_ _0\"></span>ts assets<span class=\"_ _2d8\"> </span>Motor V<span class=\"_ _2\"></span>ehicle <span class=\"_ _1\"></span>insur<span class=\"_ _0\"></span>ance<span class=\"_ _1c6\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span><span class=\"ff2 ls25 ws27\">1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span>13<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span>Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span>,4<span class=\"_ _1\"></span>69\ue01d<span class=\"_ gs102\"> </span>20<span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>5,0<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span>8\ue01e<span class=\"_ _2d8\"> </span>T<span class=\"_ _c\"></span>axi insur<span class=\"_ _c\"></span>ance<span class=\"_ gs102\"> </span>38,359<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _17d\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span>1<span class=\"_ _c\"></span>1,<span class=\"_ _1\"></span>76<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span>T<span class=\"_ _c\"></span>otal reinsurance con<span class=\"_ _0\"></span>tract assets<span class=\"_ _1c8\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span>216<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e7\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span><span class=\"ls4b ws4e\"><span class=\"ff4 ls99 ws9d\">16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>8<span class=\"_ _2d8\"> </span></span></span>3.<span class=\"_ _1\"></span>2. M<span class=\"_ _1\"></span>OVEM<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>TS I<span class=\"_ _1\"></span>N IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E AN<span class=\"_ _1\"></span>D RE<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE CO<span class=\"_ _1\"></span>NTR<span class=\"_ _1\"></span>ACT BAL<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>3.2.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. Insurance contrac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span>Reconciliation of liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and the liability for incurr<span class=\"_ _c\"></span>ed claims<span class=\"_ _2d8\"> </span>2025<span class=\"_ _1c9\"> </span>2024<span class=\"_ _2d8\"> </span>Liabilities for Remaining Cov<span class=\"_ _0\"></span>erage (\u201cLRC\u201d)<span class=\"_ _2d8\"> </span>Liabilities for Incurr<span class=\"_ _0\"></span>ed Claims (\u201cLIC\u201d)<span class=\"_ _1ca\"> </span>T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span>Liabilities for Remaining Cov<span class=\"_ _0\"></span>erage (\u201cLRC\u201d)<span class=\"_ _2d8\"> </span>Liabilities for Incurr<span class=\"_ _0\"></span>ed Claims (\u201cLIC\u201d)<span class=\"_ _1ca\"> </span>T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span>In \u00a3\u2019k<span class=\"_ _2d8\"> </span>Estimates of present v<span class=\"_ _0\"></span>alue of future cash flows<span class=\"_ _2d8\"> </span>Risk adjustment for non-financial risk<span class=\"_ _2d8\"> </span>Estimates of present v<span class=\"_ _0\"></span>alue of future cash flows<span class=\"_ _2d8\"> </span>Risk adjustment for non-financial risk<span class=\"_ _2d8\"> </span>Opening insurance con<span class=\"_ _0\"></span>tract liabilities<span class=\"_ _1cb\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10e\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>270<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>57<span class=\"_ _c\"></span>,957<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _83\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>7,9<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ff4 ls5 ws7\"><span class=\"_ gs41\"> </span>63,0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>258,358<span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>473<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _86\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span>Insurance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue<span class=\"_ _1cc\"> </span><span class=\"lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>990)<span class=\"_ _b1\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _2b\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>(2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>990)<span class=\"_ _106\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>(248,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _41\"> </span></span><span class=\"_ gs41\"> </span>(248,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></span></span>Insurance s<span class=\"_ _0\"></span>ervice expens<span class=\"_ _0\"></span>es<span class=\"_ _1cd\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e7\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _6d\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>4,48<span class=\"_ _1\"></span>4<span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>15<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></span>Incurr<span class=\"_ _0\"></span>ed claims and other dir<span class=\"_ _0\"></span>ectly attributable e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1ce\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _10e\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>19<span class=\"_ _1\"></span>,15<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"ls4e ws50\"><span class=\"_ gs102\"> </span>162,52<span class=\"_ _1\"></span>0<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></span></span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>14<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span>Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC<span class=\"_ _1cf\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,7<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>513<span class=\"_ _1\"></span>)<span class=\"_ _7e\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _11c\"> </span></span></span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span></span><span class=\"_ gs41\"> </span>4,224<span class=\"_ gs41\"> </span><span class=\"_ _3a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _0\"></span>0,5<span class=\"_ _1\"></span>04)<span class=\"_ _69\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws<span class=\"_ _1d0\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></span><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>66<span class=\"_ gs41\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _86\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span>Insurance service r<span class=\"_ _0\"></span>esult<span class=\"_ _1d1\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span>(201,237)<span class=\"_ _28\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span>(4<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _2b\"> </span><span class=\"ff4 ls93 ws97\"><span class=\"_ gs41\"> </span>(229<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>965)<span class=\"_ _e5\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>4,4<span class=\"_ _1\"></span>84<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"_ gs41\"> </span>(93,4<span class=\"_ _0\"></span>70)<span class=\"_ _2d8\"> </span></span></span></span></span></span></span></span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _86\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span>Insur<span class=\"_ _0\"></span>ance finance expense r<span class=\"_ _c\"></span>ecognised in Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account<span class=\"_ _1d2\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,9<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,9<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span></span><span class=\"_ gs41\"> </span>8,392<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span><span class=\"_ gs41\"> </span>8,392<span class=\"_ gs41\"> </span>Insur<span class=\"_ _0\"></span>ance finance expense/(income) r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _46\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e4\"> </span><span class=\"lsb1 wsb9\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>808<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e4\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>5,<span class=\"_ _c\"></span>808<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _a0\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span></span></span>T<span class=\"_ _c\"></span>otal changes in<span class=\"_ _0\"></span> Comprehensive<span class=\"_ _0\"></span> Income<span class=\"_ _1d3\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span>(201,237)<span class=\"_ _106\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _3a\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>(27<span class=\"_ _c\"></span>,72<span class=\"_ _1\"></span>3)<span class=\"_ _2a\"> </span><span class=\"ff4 ls93 ws97\"><span class=\"_ gs41\"> </span>(229<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>965)<span class=\"_ _83\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _1\"></span>3,551<span class=\"_ gs41\"> </span><span class=\"_ _67\"> </span><span class=\"_ gs41\"> </span>4,48<span class=\"_ _1\"></span>4<span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"_ gs41\"> </span>(91<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>93<span class=\"_ _1\"></span>0)<span class=\"_ _2d8\"> </span></span></span></span></span></span></span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _86\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span>Ca<span class=\"_ _1\"></span>sh fl<span class=\"_ _1\"></span>ows<span class=\"_ _161\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></span>Pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>eceived<span class=\"_ _1d4\"> </span><span class=\"ff2 ls84 ws83\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>82<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span></span><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>82<span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span></span><span class=\"ls63 wsa5\"><span class=\"_ gs41\"> </span>254<span class=\"_ _1\"></span>,389<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span></span><span class=\"_ gs41\"> </span>254,3<span class=\"_ _1\"></span>89<span class=\"_ gs41\"> </span></span>Claims and other insur<span class=\"_ _0\"></span>ance services expenses paid<span class=\"_ _13d\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _11c\"> </span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _1d5\"> </span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>21<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _11c\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>21<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _2d8\"> </span></span></span>Insur<span class=\"_ _0\"></span>ance acquisition cash flows<span class=\"_ _1d6\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _df\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"> </span>5<span class=\"_ _8\"></span>)<span class=\"_ _a0\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _de\"> </span></span><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1a\"></span>17,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"></span>)<span class=\"_ _2d8\"> </span></span>Total ca<span class=\"_ _1\"></span>sh flo<span class=\"_ _1\"></span>ws<span class=\"_ _1d7\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>012<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _65\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>81<span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"ff4 ls1d ws1f\"><span class=\"_ gs41\"> </span>236<span class=\"_ _0\"></span>,484<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _11c\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>115,<span class=\"_ _8\"></span>015<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _86\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span>Closing insurance con<span class=\"_ _0\"></span>tract liabilities<span class=\"_ _1d8\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _53\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,779<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span>7<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0,68<span class=\"_ _1\"></span>2<span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs41\"> </span>69<span class=\"_ _c\"></span>,527<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span>270,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>57<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>57<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>397<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>924<span class=\"_ _2d8\"> </span></span></span></span></span></span></span></span></span><span class=\"ls25 ws27\"><span class=\"ls8e ws91\"><span class=\"ls41 wsf0\"><span class=\"ls2f ws85\"><span class=\"ff4 ls7c ws93\"><span class=\"ls3a ws39\"><span class=\"ls41 wsf0\"><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></span><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs293\">3.2.2<span class=\"_ _1\"></span>. Reinsurance<span class=\"_ _0\"></span> contracts held<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs294\">Reconciliation of assets for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and the assets for incurr<span class=\"_ _c\"></span>ed claims<span class=\"_ _2d8\"> </span></div><div class=\"gs295\"><table class=\"s w1f4 h76\" id=\"_c3c98601-76e8-4ad0-b483-917605873c3f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c n x3b4 y259a w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x3b5 y259a w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b6 h29 y259b ff2 fs22 fc2 sc0 ls0 ws0\">Assets for </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3b7 h29 y259c ff2 fs22 fc2 sc0 ls0 ws0\">Assets for </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h29 y259d ff2 fs22 fc2 sc0 ls0 ws0\">remaining </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3b9 h29 y259e ff2 fs22 fc2 sc0 ls0 ws0\">remaining </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x3ba y259f w1f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">cov<span class=\"_ _0\"></span>erage<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3bb y259f w1f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Assets for incurred claims<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3bc y259f w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x3bd y25a0 w1f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">cov<span class=\"_ _0\"></span>erage<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3be y25a0 w1f8 h5d\" colspan=\"2\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Assets for incurred claims<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x3bf y25a0 w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c0 h29 y25a1 ff2 fs22 fc2 sc0 ls0 ws0\">Estimates of </td><td></td><td class=\"t m0 x3c1 h29 y25a2 ff2 fs22 fc2 sc0 ls0 ws0\">Risk </td><td></td><td></td><td></td><td class=\"t m0 x3c2 h29 y25a3 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">Estimates of </td><td></td><td class=\"t m0 x3c3 h29 y25a4 ff2 fs22 fc2 sc0 ls0 ws0\">Risk </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c4 h29 y25a5 ff2 fs22 fc2 sc0 ls0 ws0\">present v<span class=\"_ _0\"></span>alue </td><td></td><td class=\"t m0 x3c5 h29 y25a6 ff2 fs22 fc2 sc0 ls0 ws0\">adjustment for </td><td></td><td></td><td></td><td class=\"t m0 x3c6 h29 y25a7 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">present v<span class=\"_ _0\"></span>alue </td><td></td><td class=\"t m0 x3c7 h29 y25a8 ff2 fs22 fc2 sc0 ls0 ws0\">adjustment for </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c8 h29 y25a9 ff2 fs22 fc2 sc0 ls0 ws0\">of future cash </td><td></td><td class=\"t m0 x3c9 h29 y25aa ff2 fs22 fc2 sc0 ls0 ws0\">non-financial </td><td></td><td></td><td></td><td class=\"t m0 x3c6 h29 y25ab ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">of future cash </td><td></td><td class=\"t m0 x3ca h29 y25ac ff2 fs22 fc2 sc0 ls0 ws0\">non-financial </td><td></td></tr><tr><td class=\"t m0 x1db h29 y25ad ff2 fs22 fc2 sc0 ls0 ws0\">In \u00a3\u2019k<span class=\"_ _2d8\"> </span></td><td></td><td></td><td class=\"t m0 x3cb h29 y25ae ff2 fs22 fc2 sc0 ls0 ws0\">flows<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x3cc h29 y25af ff2 fs22 fc2 sc0 ls0 ws0\">risk<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x3cd h29 y25b0 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">flows<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x3ce h29 y25b1 ff2 fs22 fc2 sc0 ls0 ws0\">risk<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y25b2 w1f9 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">Opening reinsurance con<span class=\"_ _0\"></span>tract assets</div></td><td class=\"c n x3cf y25b2 w1fa h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _53\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3d0 y25b2 w1fb h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x3d1 y25b2 w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3d2 y25b2 w1fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">3,6<span class=\"_ _1\"></span>53\ue01d<span class=\"_ _41\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3d3 y25b3 w1fe h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls4b ws4e\">16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"ff4 ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3d4 y25b4 w1ff h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls88 ws89\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>075<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x3d5 y25b2 w200 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x3d6 y25b4 w201 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _109\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>41,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _3a\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x3d7 y25b2 w202 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse3 ws1\">16<span class=\"_ _1\"></span>6,72<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25b5 w203 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _0\"></span> held</div></td><td class=\"c n x3d8 y25b5 w204 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)<span class=\"_ _8c\"> </span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3d9 y25b5 w205 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,37<span class=\"_ _1\"></span>7\ue01d<span class=\"_ _4c\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3da y25b5 w206 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x3db y25b5 w1e7 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>30<span class=\"_ _1\"></span>,68<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3dc y25b5 w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">0\ue01d</div></td><td class=\"c n x3dd y25b5 w20 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)</div></td><td class=\"c n x3de y25b5 w207 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>10,59<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3df y25b5 w151 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">1\ue01e</div></td><td></td><td class=\"c n x3e0 y25b5 w208 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2,435<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span></div></td><td class=\"c n x3e1 y25b5 w209 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20,591<span class=\"_ _2\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25b6 w1e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance expense</div></td><td class=\"c n x3e2 y25b6 w20a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>872)</div></td><td></td><td class=\"c n x3e3 y25b6 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3e4 y25b6 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x3e5 y25b6 w20b h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,872)</div></td><td class=\"c n x3e6 y25b6 w20 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)</div></td><td></td><td class=\"c n x3e7 y25b6 w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x3e8 y25b6 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x3e9 y25b6 w20c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25b7 w20d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y</div></td><td class=\"c n x3ea y25b7 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3eb y25b8 w20e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>33,626<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3ec y25b8 w20f h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>78<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3ed y25b7 w210 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span></div></td><td class=\"c n x3ee y25b7 w211 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3ef y25b7 w212 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>23<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x3f0 y25b9 w213 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x3f1 y25b7 w214 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa1 wsa3\">1<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25ba w215 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice</div></td><td class=\"c n x3f2 y25ba w216 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3f3 y25bb w217 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls5b ws5c\">9,<span class=\"_ _1\"></span>751<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3f4 y25ba w218 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _73\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3f5 y25ba w219 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span></div></td><td class=\"c n x3f6 y25ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x3f7 y25ba w21a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _e7\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3f8 y25ba w21b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _4c\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x3f9 y25ba w21c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>412<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25bc w21d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance finance income r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account</div></td><td class=\"c n x3fa y25bc wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3fb y25bc w21e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>36\ue01d</div></td><td></td><td class=\"c n x3fc y25bc we0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x3fd y25bc w1a6 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x3fe y25bc w21f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3ff y25bc w220 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _ee\"> </span></div></td><td></td><td class=\"c n x400 y25bc w221 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x401 y25bc w36 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>714<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25bd w222 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls46 ws0\">Reinsur<span class=\"_ _0\"></span>ance finance income/(expense) r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _0\"></span>e Income</div></td><td class=\"c n x402 y25bd we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x403 y25bd w223 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td></td><td class=\"c n x404 y25bd we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x405 y25bd w224 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x406 y25bd wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x407 y25bd w67 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td><td></td><td class=\"c n x408 y25bd w225 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x409 y25bd w226 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">(5,<span class=\"_ _1\"></span>88<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25be w227 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal changes in<span class=\"_ _0\"></span> Comprehensive<span class=\"_ _0\"></span> Income</div></td><td class=\"c n x40a y25be w228 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)</div></td><td class=\"c n x40b y25be w229 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs102\"> </span>50,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x40c y25bf w22a h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls32 ws33\">469<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x40d y25be w22b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5</div></td><td class=\"c n x40e y25bf w22c h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span></span></div></td><td class=\"c n x40f y25be w22d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7)</div></td><td></td><td class=\"c n x410 y25be w22e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,<span class=\"_ _1\"></span>42<span class=\"_ _0\"></span>5\ue01e</div></td><td></td><td class=\"c n x411 y25be w22f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2,<span class=\"_ _1\"></span>435\ue01e</div></td><td class=\"c n x412 y25be w230 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(22,<span class=\"_ _c\"></span>75<span class=\"_ _0\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y25c0 ff2 fs7 fc2 sc0 ls46 ws0\">Ca<span class=\"_ _1\"></span>sh fl<span class=\"_ _1\"></span>ows<span class=\"_ _161\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25c1 w231 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>emiums paid</div></td><td class=\"c n x413 y25c1 w232 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1dd\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span></div></td><td></td><td class=\"c n x414 y25c1 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x415 y25c1 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x416 y25c1 w233 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x417 y25c2 w234 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\">3<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span></span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x418 y25c1 w235 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span></div></td><td></td><td class=\"c n x419 y25c1 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span></div></td><td></td><td class=\"c n x41a y25c1 w236 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _69\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x41b y25c1 w237 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c3 w238 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Recov<span class=\"_ _c\"></span>eries receiv<span class=\"_ _0\"></span>ed</div></td><td class=\"c n x41c y25c3 w239 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x41d y25c3 w23a h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x41e y25c3 we0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x41f y25c3 w23b h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"_ gs102\"> </span>(6<span class=\"_ _8\"></span>,0<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>)</div></td><td class=\"c n x420 y25c3 w23c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x421 y25c3 w23d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3)</div></td><td></td><td class=\"c n x422 y25c4 w23e h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x423 y25c3 w23f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25c5 w240 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 ws0\">Total ca<span class=\"_ _1\"></span>sh flo<span class=\"_ _1\"></span>ws<span class=\"_ _1a7\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x424 y25c5 w241 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">2<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>4</div></td><td class=\"c n x425 y25c6 w242 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</span></div></td><td></td><td class=\"c n x426 y25c5 w243 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x427 y25c5 w244 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">17,<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2</div></td><td></td><td class=\"c n x428 y25c6 w245 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2</span></div></td><td></td><td class=\"c n x429 y25c7 w246 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</span></div></td><td></td><td class=\"c n x42a y25c5 w247 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x42b y25c5 w248 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w249 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">Closing reinsurance c<span class=\"_ _0\"></span>ontract assets</div></td><td class=\"c n x42c y24bc w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,5<span class=\"_ _1\"></span>02\ue01d</div></td><td class=\"c n x42d y24bc w24a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"_ gs102\"> </span>15<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x42e y24bc w24b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls90 ws94\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span></div></td><td class=\"c n x42f y24bc w24c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x430 y24bc w24d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\">4,8<span class=\"_ _1\"></span>28\ue01d<span class=\"_ _41\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x431 y24bc w24e h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls4b ws4e\">2<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td></td><td class=\"c n x432 y24bc w24f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3,45<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _3a\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x433 y24bc w250 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span></div></td><td class=\"c n x434 y24bc w251 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>43,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x435 y25c8 w252 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls63 wsa5\">53<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x436 y24bc w253 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lse4 wsef\"><span class=\"ls63 wsa5\"><span class=\"ls99 ws9d\">16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>8</span></span></span></span></span><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lse4 wsef\"><span class=\"ls63 wsa5\"><span class=\"ls99 ws9d\"><span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></div></td></tr></table></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls7c ws93 gs296\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _86\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls7c ws93 gs297\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _86\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls7c ws93 gs298\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _86\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs29a\">3.3<span class=\"_ _1\"></span>. AS<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>TS F<span class=\"_ _1\"></span>OR IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE ACQU<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>IT<span class=\"_ _1\"></span>ION CAS<span class=\"_ _1\"></span>H FLOWS<span class=\"_ _2d8\"> </span></div><div class=\"gs29b\"><table class=\"s w254 h78\" id=\"_4b69e17d-77c9-45b1-af17-03453bd5aa46\"><tr><td></td><td class=\"t m0 x437 h29 y25c9 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y25ca wb6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 1 J<span class=\"_ _1\"></span>anu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x438 y25ca w255 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,7<span class=\"_ _c\"></span>3<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25cb w256 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts incurr<span class=\"_ _0\"></span>ed during the year<span class=\"_ _1e0\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x439 y25cb w257 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25cc w258 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts der<span class=\"_ _0\"></span>ecognised and included in measur<span class=\"_ _0\"></span>ement of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _1e1\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x43a y25cc w259 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,16<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25cd wd1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 31 Dec<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>er 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x43b y25cd w25a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25ce w25b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts incurr<span class=\"_ _0\"></span>ed during the period</div></td><td class=\"c n x43c y25ce w25c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _18e\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25cf w25d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts der<span class=\"_ _0\"></span>ecognised and included in measur<span class=\"_ _0\"></span>ement of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts</div></td><td class=\"c n x43d y25cf w25e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w25f h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 31 Dec<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>er 2<span class=\"_ _1\"></span>025<span class=\"_ _1e0\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43e y24bc w260 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs29c\"> <span class=\"_ _2\"></span>The following t<span class=\"_ _c\"></span>able sets out when the Group e<span class=\"_ _0\"></span>xpects to der<span class=\"_ _c\"></span>ecognise assets for insur<span class=\"_ _c\"></span>ance acquisition cash flows after the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting dat<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span></div><div class=\"gs29d\"><table class=\"s w261 h79\" id=\"_b5ebe6d4-11a6-469e-890c-b0c590e29c03\"><tr><td></td><td class=\"t m0 x437 h29 y25d0 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"t m0 x1db h9 y25d1 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25<span class=\"_ _1e3\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span></span></td><td></td></tr><tr><td class=\"c n x1de y25d2 w262 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Less than one year<span class=\"_ _1e4\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43f y25d2 w260 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y2595 w263 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Mor<span class=\"_ _0\"></span>e than one year</div></td><td class=\"c n x440 y2595 w264 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>56\ue01d</div></td></tr><tr><td></td><td class=\"t m0 x204 h12 y25d3 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></td></tr><tr><td class=\"t m0 x1db h12 y25d4 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y255c w265 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Less than one year</div></td><td class=\"c n x441 y255c w266 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _c\"></span>10\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w263 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mor<span class=\"_ _0\"></span>e than one year</div></td><td class=\"c n x442 y24bb w267 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>62\ue01e</div></td></tr><tr><td></td><td class=\"t m0 x204 h9 y25d5 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2\ue01e<span class=\"_ _2d8\"> </span></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls7c ws93 gs29e\"><span class=\"_ gs28c\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs2a0\">3.<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>. CL<span class=\"_ _1\"></span>AI<span class=\"_ _1\"></span>MS D<span class=\"_ _1\"></span>EVE<span class=\"_ _1\"></span>LOP<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs2a1\">The pr<span class=\"_ _0\"></span>esent<span class=\"_ _0\"></span>ation of the claims dev<span class=\"_ _0\"></span>elopment tables f<span class=\"_ _c\"></span>or the Group is based on the actual dat<span class=\"_ _c\"></span>e of the event that caused the claim (accident y<span class=\"_ _0\"></span>ear basis).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These triangles present estimat<span class=\"_ _c\"></span>ed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4c ws0 gs2a2\">costs including an<span class=\"_ _0\"></span>y risk adjustment and associated liability r<span class=\"_ _c\"></span>elated t<span class=\"_ _0\"></span>o the futur<span class=\"_ _0\"></span>e cost of handling claims.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs2a3\">Gross of reinsurance<span class=\"_ _2d8\"> </span></div><div class=\"gs2a4\"><table class=\"s w27d h7b\" id=\"_149ac562-632d-42a4-81b4-8aeb3159d45e\"><tr><td class=\"c n x1de y25da w27e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Accident year<span class=\"_ _1e8\"> </span>2016<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x457 y25da w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2017<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x458 y25da w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2018<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x459 y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2019<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45a y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2020<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45b y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2021<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45c y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2022<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45d y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2023<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45e y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45f y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x460 y25da w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x461 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x462 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x463 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x464 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x465 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x466 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x467 y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x468 y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x469 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x46a y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x46b y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y25dc ff2 fs7 fc2 sc0 lsd6 ws14\">Estimates of<span class=\"_ _0\"></span> undiscounted gross<span class=\"_ _0\"></span> cumulative<span class=\"_ _0\"></span> claims<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25dd w283 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">At the end of the accident year</div></td><td></td><td></td><td class=\"c n x46c y25dd w284 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _3c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span></span></div></td><td></td><td class=\"c n x46d y25dd w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46e y25dd w286 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,<span class=\"_ _0\"></span>70<span class=\"_ _c\"></span>7\ue01e<span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x46f y25dd w287 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7</div></td><td></td><td class=\"c n x470 y25de w288 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>81</div></td><td></td><td class=\"c n x471 y25de w289 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>01,9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td class=\"c n x472 y25de w28a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">8<span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x473 y25dd w28b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td class=\"c n x474 y25dd w28c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x475 y25dd w28d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\">33,334\ue01e<span class=\"_ _34\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x476 y25de w28e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x477 y25de w28f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls49 ws49\">17<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25df w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25df w291 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">One year lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x479 y25df w292 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x47a y25df w293 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,<span class=\"_ _c\"></span>93<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _37\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x47b y25df w294 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td></td><td class=\"c n x47c y25df w295 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>08,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x47d y25df w296 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">89\ue01e<span class=\"_ _9e\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x47e y25e0 w297 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x47f y25df wba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">9<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1c\"> </span></div></td><td></td><td class=\"c n x480 y25df w298 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x481 y25df w299 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">09\ue01e<span class=\"_ _113\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x482 y25e0 w29a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsd3 wse0\">131<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x483 y25df w29b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _113\"> </span></div></td><td class=\"c n x484 y25df w29c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>35,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x485 y25e1 w29d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\">59\ue01e<span class=\"_ _e8\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e2 w29e h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013 <span class=\"_ _1a\"></span>T<span class=\"_ _c\"></span>wo y<span class=\"_ _0\"></span>ears later<span class=\"_ _2c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x486 y25e3 w29f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\">94,<span class=\"_ _1\"></span>294<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x487 y25e3 w2a0 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x488 y25e3 w2a1 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x1fd y25e2 w2a2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td></td><td class=\"c n x489 y25e2 w2a3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,39<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x48a y25e2 w2a4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x48b y25e3 w2a5 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"lse0 wsec\"><span class=\"ls7c ws93\"><span class=\"ls4f ws51\">9<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span></span></span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x48c y25e3 w2a6 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">121<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48d y25e4 w2a7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls4f ws51\">14<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e5 w2a8 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013 <span class=\"_ _1a\"></span>Thr<span class=\"_ _c\"></span>ee years lat<span class=\"_ _0\"></span>er<span class=\"_ _1e9\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48e y25e6 w2a9 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">9<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48f y25e5 w2aa h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">12<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span></div></td><td></td><td class=\"c n x490 y25e5 w2ab h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x491 y25e5 w2ac h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\">3,257\ue01e<span class=\"_ _37\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x492 y25e5 w2ad h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">131,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span></div></td><td></td><td class=\"c n x493 y25e5 w2ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x494 y25e5 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">92\ue01e</div></td><td class=\"c n x495 y25e5 w2b0 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,294\ue01e<span class=\"_ _1ea\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x496 y25e7 w2b1 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e8 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25e8 w2b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Four y<span class=\"_ _c\"></span>ears later<span class=\"_ _19d\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x497 y25e9 w2b3 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsf1 ws102\">9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,789<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x498 y25e8 w2b4 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,12<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x499 y25e8 w2b5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>8,60<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49a y25e8 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">0\ue01e</div></td><td class=\"c n x49b y25e8 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49c y25e8 w2b6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _0\"></span>3\ue01e</div></td><td class=\"c n x49d y25e8 w2b7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>89<span class=\"_ _c\"></span>,57<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49e y25e8 w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">4\ue01e</div></td><td class=\"c n x49f y25e8 w251 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>96,2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a0 y25ea w2b9 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"ls63 wsa5\">08<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e8\"> </span></span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25eb w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25eb w2ba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fiv<span class=\"_ _0\"></span>e years lat<span class=\"_ _0\"></span>er</div></td><td class=\"c n x4a1 y25eb w2bb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a2 y25eb w2bc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc5 wsce\">2,62<span class=\"_ _1\"></span>9\ue01e<span class=\"_ _30\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4a3 y25eb w2bd h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls55 ws58\">137<span class=\"_ _2\"></span>,<span class=\"_ _8\"></span>472<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td></td><td class=\"c n x4a4 y25eb w2be h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>25,03<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a5 y25eb w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">8\ue01e</div></td><td class=\"c n x4a6 y25eb w2bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>38<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a7 y25eb w2c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">,777\ue01e</div></td><td class=\"c n x4a8 y25ec w2c1 h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,094\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25ed w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25ed w2c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Six years lat<span class=\"_ _c\"></span>er<span class=\"_ _1ed\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4a9 y25ee w2c3 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">1<span class=\"_ _1\"></span>01,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4aa y25ed w2c4 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>6<span class=\"_ _1a\"></span>6<span class=\"_ _1a\"></span>0</div></td><td></td><td class=\"c n x4ab y25ee w2c5 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span></span></div></td><td class=\"c n x4ac y25ed w2c6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>38,2<span class=\"_ _0\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4ad y25ef w2c7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f0 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f0 w2c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sev<span class=\"_ _c\"></span>en years later</div></td><td></td><td class=\"c n x4ae y25f0 w2c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>01<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4af y25f0 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td class=\"c n x4b0 y25f0 w2ca h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>35,6<span class=\"_ _0\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b1 y25f0 w2cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _113\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4b2 y25f1 w2cc h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _3\"> </span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f2 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f2 w2cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eight years lat<span class=\"_ _c\"></span>er<span class=\"_ _1ef\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4b3 y25f2 w2ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,79<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x4b4 y25f2 w2cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b5 y25f3 w2d0 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\">32,393\ue01e<span class=\"_ _e8\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f4 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f4 w2d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Nine years lat<span class=\"_ _c\"></span>er<span class=\"_ _1f0\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4b6 y25f5 w2d2 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls4f ws51\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f6 w2d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ent estimate of cum<span class=\"_ _0\"></span>ulative c<span class=\"_ _0\"></span>laims<span class=\"_ _1f1\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c n x4b7 y25f6 w2d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x4b8 y25f6 w151 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b9 y25f6 w2d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">32,393\ue01e</div></td><td class=\"c n x4ba y25f6 w2d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ _37\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span></span></div></td><td></td><td class=\"c n x4bb y25f6 w2d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>38,21<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4bc y25f6 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e</div></td><td class=\"c n x4bd y25f6 w18 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,094\ue01e</div></td><td class=\"c n x4be y25f6 w2d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>96,20<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4bf y25f6 w2d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">8\ue01e<span class=\"_ _34\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4c0 y25f7 w2da h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4c1 y25f6 w2db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">14<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _113\"> </span></div></td><td class=\"c n x4c2 y25f6 w2dc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4c3 y25f6 w2dd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">5,7<span class=\"_ _c\"></span>59\ue01e<span class=\"_ _34\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4c4 y25f7 w28f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"ls49 ws49\">17<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span></span><span class=\"ff2\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f8 w2de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cumulativ<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>oss claims paid<span class=\"_ _ff\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c n x4c5 y25f8 w2df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)</div></td><td></td><td></td><td class=\"c n x4c6 y25f8 w2e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _1\"></span>0,57<span class=\"_ _0\"></span>9) <span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4c7 y25f8 w2e1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"lse4 wsef\">(<span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>8<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span>)<span class=\"_ _7\"> </span></span><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>2,59<span class=\"_ _1\"></span>9)</div></td><td class=\"c n x4c8 y25f8 w2e2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd1 wsde\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _2\"></span>4,888)<span class=\"_ _9e\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4c9 y25f8 w2e3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)</div></td><td class=\"c n x4ca y25f8 w2e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\"><span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>25<span class=\"_ _1\"></span>5)<span class=\"_ _14\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4cb y25f8 w2e5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,18<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _34\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4cc y25f8 w2e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x4cd y25f8 w2e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>43,43<span class=\"_ _0\"></span>2)<span class=\"_ _43\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f9 w2e8 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2016 to 2025</div></td><td></td><td></td><td></td><td class=\"c n x4ce y25fa w2e9 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1f2\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls46 wsae\">8,8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>5</span><span class=\"_ gs41\"> </span><span class=\"_ _29\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x4cf y25f9 w2ea h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb6 wsbe\">41,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>14</div></td><td></td><td></td><td class=\"c n x4d0 y25fb w2eb h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsa0 wsa2\">12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _29\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x4d1 y25f9 w2ec h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\">2<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>17</div></td><td></td><td class=\"c n x4d2 y25fb w2ed h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\"><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _10d\"> </span></span></span><span class=\"_ gs41\"> </span><span class=\"ff2 ls95 ws99\">13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6</span></div></td><td></td><td></td><td class=\"c n x4d3 y25fa w2ee h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls65 ws65\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>218</span></div></td><td class=\"c n x4d4 y25fa w2ef h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls4e ws50\">4<span class=\"_ _1\"></span>0,3<span class=\"_ _1\"></span>84</span><span class=\"_ gs41\"> </span><span class=\"_ _108\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x4d5 y25f9 w2f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa7 wsab\">75<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span>5</div></td><td></td><td class=\"c n x4d6 y25fb w2f1 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa7 wsab\"><span class=\"_ gs102\"> </span><span class=\"_ _d\"> </span></span><span class=\"_ gs41\"> </span><span class=\"ff2 lsa3 wsa6\">70<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6</span><span class=\"_ gs41\"> </span><span class=\"_ _1ea\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x4d7 y25f9 w2f2 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6\"> </span></div></td><td class=\"c n x4d8 y25f9 w2f3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4d9 y25f9 w2f4 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8e ws91\">8<span class=\"_ _1\"></span>,797<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25fc w2f5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2015 and befor<span class=\"_ _0\"></span>e<span class=\"_ _12f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _10f\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4da y25fc w2f6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ls84 ws83\">3<span class=\"_ _1\"></span>5,0<span class=\"_ _1\"></span>49</span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25d7 w2f7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of discounting<span class=\"_ _1f3\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _1eb\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4db y25d7 w2f8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25fd w2f9 h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal gross liabilities f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (<span class=\"_ _0\"></span>\u201cLIC\u201d)<span class=\"_ _1f4\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _107\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4dc y25d8 w2fa h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4dd y25d8 w2fb h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\">03<span class=\"_ _1\"></span>,38<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25d9 w2fc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d)<span class=\"_ _1f5\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _41\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4de y25d9 w2fd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c8 w2fe h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls46 ws0\">T<span class=\"_ _c\"></span>otal gr<span class=\"_ _0\"></span>oss liabilities included in the St<span class=\"_ _0\"></span>atement of Financial P<span class=\"_ _0\"></span>osition<span class=\"_ _ba\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _30\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4df y24bc w1fc h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e0 y24bc w27c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\">6<span class=\"_ _1\"></span>0,6<span class=\"_ _1\"></span>82\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2a5\">The unshaded numbers ar<span class=\"_ _c\"></span>e undiscounted,<span class=\"_ _2\"></span> but otherwise pr<span class=\"_ _c\"></span>esented on an IFRS 17 basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shaded numbers hav<span class=\"_ _0\"></span>e not been r<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ated under IFRS 17 and r<span class=\"_ _c\"></span>eflect the numbers as pr<span class=\"_ _0\"></span>eviously </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2a6\">r<span class=\"_ _0\"></span>eported under IFRS 4.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The primar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the IFRS 17 and IFRS 4 numbers pr<span class=\"_ _c\"></span>esented her<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to the risk adjustment.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2a7\">The gr<span class=\"_ _c\"></span>oss liabilities for incurr<span class=\"_ _0\"></span>ed claims and gr<span class=\"_ _0\"></span>oss liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age per pr<span class=\"_ _0\"></span>oduct is given belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span></div><div class=\"gs2a8\"><table class=\"s w268 h7a\" id=\"_17301514-ea6c-474f-8218-7c10ed0939e6\"><tr><td></td><td class=\"c n x443 y25d6 w269 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LIC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x444 y25d6 w26a h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LRC<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x445 y25d6 w26b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d7 w26c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _130\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x446 y25d7 w26d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>10<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x447 y25d7 w26e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>48,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x448 y25d7 w26f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">925\ue01e</div></td><td class=\"c n x449 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x44a y25d7 w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">55,835\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d8 w270 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle<span class=\"_ _1f6\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x44b y25d8 w271 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">3<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _125\"> </span></div></td><td></td><td class=\"c n x44c y25d8 w272 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>3,2<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _6d\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x44d y25d8 w273 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>294<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d9 w274 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi</div></td><td class=\"c n x44e y25d9 w275 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>59<span class=\"_ _c\"></span>,<span class=\"_ _1\"></span>46<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x44f y25d9 w151 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e</div></td><td></td><td class=\"c n x450 y25d9 w276 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,0<span class=\"_ _1\"></span>8<span class=\"_ _c\"></span>7\ue01e</div></td><td></td><td class=\"c n x451 y25d9 w277 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>64<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x452 y25d9 w278 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">,55<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w279 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x453 y25c8 w27a h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls4e ws50\">40<span class=\"_ _1\"></span>3,38<span class=\"_ _1\"></span>0<span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _6d\"> </span><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x454 y24bc w27b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></div></td><td class=\"c n x455 y24bc w1fc h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x456 y24bc w27c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls4e ws50\"><span class=\"ls25 ws27\"><span class=\"ls2f ws85\">6<span class=\"_ _1\"></span>0,6<span class=\"_ _1\"></span>82</span></span></span><span class=\"ls4e ws50\"><span class=\"ls25 ws27\"><span class=\"ls2f ws85\"><span class=\"_ gs102\"> </span></span></span></span></div></td></tr></table></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs2aa\">Net of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _2d8\"> </span></div><div class=\"gs29b\"><table class=\"s w30f h7c\" id=\"_fe4e5e1e-769f-456b-a756-f3bc72c8270e\"><tr><td class=\"c n x1de y2601 w27e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Accident year<span class=\"_ _1e8\"> </span>2016<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x457 y2601 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2017<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x458 y2601 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2018<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x459 y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2019<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45a y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2020<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45b y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2021<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45c y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2022<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45d y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2023<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45e y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45f y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x460 y2601 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c n x461 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x462 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x463 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x464 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x465 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x466 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x467 y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x468 y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x469 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46a y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46b y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1db h12 y2603 ff2 fs7 fc2 sc0 lsd6 ws14\">Estimates of<span class=\"_ _0\"></span> undiscounted gross<span class=\"_ _0\"></span> cumulative<span class=\"_ _0\"></span> claims<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y2604 ff4 fs7 fc2 sc0 ls0 ws0\">At the end of the accident year</td><td></td><td class=\"c n x4f1 y2605 w310 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f2 y2606 w311 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls55 ws58\">10<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>47<span class=\"_ _1\"></span>8</div></td><td></td><td></td><td class=\"c n x4f3 y2605 w312 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>111<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _63\"> </span><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f4 y2606 w313 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>11</div></td><td class=\"c n x4f5 y2605 w314 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _3e\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,723<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _2a\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td class=\"c n x4f6 y2605 w315 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">81,16<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f7 y2606 w316 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>49<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x4f8 y2607 w317 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,18<span class=\"_ _1a\"></span>5</div></td><td class=\"c n x4f9 y2608 w318 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x4fa y2608 w319 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2609 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2609 w291 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">One year lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x26e y260a w31a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,66<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4fb y260a w2cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">4\ue01e</div></td><td class=\"c n x4fc y260a w31b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>96,<span class=\"_ _1\"></span>44<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4fd y260a w69 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e<span class=\"_ _29\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4fe y260b w31c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">9<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4ff y260b w31d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span><span class=\"lsdd wseb\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x500 y260a w31e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\">8<span class=\"_ _c\"></span>1,882\ue01e<span class=\"_ _29\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x501 y260b w31f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5c wsc2\">8<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>87<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1ea\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x502 y260a w320 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x503 y260c w321 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>13<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x504 y260c w322 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">10<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y260d ff4 fs7 fc2 sc0 ls0 ws0\" colspan=\"2\">\u2013 <span class=\"_ _1a\"></span>T<span class=\"_ _c\"></span>wo y<span class=\"_ _0\"></span>ears later</td><td class=\"c n x505 y260e w323 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>87<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x506 y260e w324 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\">,824\ue01e<span class=\"_ _1c\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x507 y260e w325 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">91,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1c\"> </span></div></td><td></td><td class=\"c n x508 y260e w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>98,64<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x509 y260e w327 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50a y260e w328 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td class=\"c n x50b y260e w1a9 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs41\"> </span>80<span class=\"_ _0\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x50c y260e w329 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\">990\ue01e<span class=\"_ _1c\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50d y260e w32a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6</div></td><td></td><td class=\"c n x50e y260f w32b h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50f y2610 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x510 y2611 w32c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">5,495\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y2612 ff4 fs7 fc2 sc0 ls0 ws0\" colspan=\"2\">\u2013 <span class=\"_ _1a\"></span>Thr<span class=\"_ _c\"></span>ee years lat<span class=\"_ _0\"></span>er</td><td class=\"c n x26e y2613 w32d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,243\ue01e<span class=\"_ _16\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x511 y2614 w32e h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls49 ws49\">9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x512 y2614 w32f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">9<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x513 y2613 w330 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td class=\"c n x514 y2613 w18 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>78,353\ue01e</div></td><td class=\"c n x515 y2613 w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x516 y2613 w331 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,579\ue01e<span class=\"_ _34\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x517 y2613 w332 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1<span class=\"_ _1\"></span>01,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2615 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2615 w333 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Four y<span class=\"_ _c\"></span>ears later</div></td><td class=\"c n x26e y2616 w17 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _29\"> </span></div></td><td class=\"c n x518 y2616 w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">45\ue01e</div></td><td class=\"c n x519 y2616 w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>88,5</div></td><td class=\"c n x51a y2616 w292 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x51b y2616 w335 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,893\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x51c y2616 w336 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,1<span class=\"_ _8\"></span>5<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _16\"> </span></div></td><td class=\"c n x51d y2616 w337 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>78,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x51e y2616 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e</div></td><td class=\"c n x51f y2616 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>81<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x520 y2617 w338 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\">,590<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e8\"> </span><span class=\"_ gs28c\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2618 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2618 w2ba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fiv<span class=\"_ _0\"></span>e years lat<span class=\"_ _0\"></span>er</div></td><td class=\"c n x26e y2619 w339 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5c wsc2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>891<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _c9\"> </span></div></td><td class=\"c n x521 y2619 w33a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\">,0<span class=\"_ _1\"></span>02\ue01e</div></td><td class=\"c n x522 y2619 w33b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>92</div></td><td class=\"c n x523 y2619 w33c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>3,25<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x524 y2619 w33d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\">4\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x525 y2619 w33e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span>3</div></td><td class=\"c n x526 y261a w33f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y261b w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y261b w340 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Six years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x26e y261c w341 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs41\"> </span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x527 y261d w342 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsf1 ws102\">6,78<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x528 y261d w343 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>375<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x529 y261d w344 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>873<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x52a y261d w345 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y261e w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y261e w2c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sev<span class=\"_ _c\"></span>en years later</div></td><td class=\"c n x52b y261e w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>86,5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x52c y261e w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">36\ue01e</div></td><td class=\"c n x52d y261e w31a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,89<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x52e y261e w346 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">7\ue01e<span class=\"_ _113\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x52f y261f w347 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,13<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span></span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2620 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2620 w348 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eight years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x530 y2620 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,46<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x531 y2620 w349 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x532 y2621 w34a h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">8<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2622 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2622 w34b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Nine years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x533 y2622 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,23<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x534 y2623 w34c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2624 w34d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ent estimate of cum<span class=\"_ _0\"></span>ulative c<span class=\"_ _0\"></span>laims</div></td><td></td><td class=\"c n x535 y2624 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,23<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x536 y2624 w34e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x537 y2625 w34f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">8<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x538 y2625 w350 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x539 y2625 w351 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x53a y2624 w352 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span></div></td><td class=\"c n x53b y2624 w353 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>8<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,59<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x53c y2624 w354 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _37\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x53d y2624 w355 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">10<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td class=\"c n x53e y2624 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x53f y2624 w356 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,495\ue01e<span class=\"_ _14\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x540 y2625 w357 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">10<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x541 y2625 w358 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2626 w359 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cumulativ<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>oss claims paid</div></td><td></td><td></td><td class=\"c n x542 y2626 w35a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\"><span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,33<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _112\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x543 y2626 w35b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\">(85<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x544 y2626 w35c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _1\"></span>9<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>105) <span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>6,529)</span></div></td><td></td><td class=\"c n x545 y2626 w35d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _0\"></span>2,525)</div></td><td></td><td class=\"c n x546 y2626 w35e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(70,<span class=\"_ _c\"></span>934)</div></td><td class=\"c n x547 y2626 w35f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>80,<span class=\"_ _c\"></span>808)</div></td><td class=\"c n x548 y2626 w360 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>(71<span class=\"_ _c\"></span>,351<span class=\"_ _c\"></span>)<span class=\"_ _9e\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x549 y2626 w2e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x54a y2626 w361 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>43,43<span class=\"_ _0\"></span>2)<span class=\"_ _7f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2627 w2e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2016 to 2025</div></td><td></td><td></td><td class=\"c n x4ce y2627 w362 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1cf\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsdc wsf6\">9<span class=\"_ _1\"></span>07\ue01d<span class=\"_ _10f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x54b y2627 w363 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _8\"></span>,14<span class=\"_ _8\"></span>8</div></td><td></td><td></td><td></td><td class=\"c n x54c y2628 w364 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsdc wsf6\"><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _28\"> </span></span></span><span class=\"_ gs41\"> </span><span class=\"ff2 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>29</span><span class=\"_ gs41\"> </span><span class=\"_ _10f\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x54d y2627 w365 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">7,<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span></span><span class=\"_ gs41\"> </span><span class=\"_ _106\"> </span></div></td><td></td><td class=\"c n x54e y2627 w366 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>378</div></td><td></td><td class=\"c n x54f y2629 w367 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsdf wsea\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6</span></div></td><td class=\"c n x550 y2629 w368 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls14 ws18\">2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>91</span></div></td><td class=\"c n x551 y2629 w369 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lse1 wsed\">3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>4</span></div></td><td></td><td class=\"c n x552 y2629 w36a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsb0 wsb7\">44,609<span class=\"_ _c\"></span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></span></span></div></td><td class=\"c n x553 y2627 w36b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>3</div></td><td class=\"c n x554 y2628 w36c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _4\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>57<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y262a w36d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2015 and befor<span class=\"_ _0\"></span>e<span class=\"_ _12f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _85\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x555 y262b w36e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y262c w36f h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of discounting<span class=\"_ _1f3\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _111\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x556 y262d w370 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20,0<span class=\"_ _1\"></span>69)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y262e w371 h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal gross liabilities f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (<span class=\"_ _0\"></span>\u201cLIC\u201d)<span class=\"_ _1f4\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _107\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x557 y262f w372 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y2630 w373 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d)</div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x558 y2630 w374 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>3,80<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x559 y2630 w375 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w376 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al gr<span class=\"_ _0\"></span>oss liabilities included in the Stat<span class=\"_ _c\"></span>ement of Financial Position</div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x55a y24bc w377 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1fb\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2\">244,300</span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls7c ws93 gs2ab\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls7c ws93 gs2ac\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls7c ws93 gs2ad\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls7c ws93 gs2ae\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs2af\">The unshaded numbers ar<span class=\"_ _c\"></span>e undiscounted,<span class=\"_ _2\"></span> but otherwise pr<span class=\"_ _c\"></span>esented on an IFRS 17 basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shaded numbers hav<span class=\"_ _0\"></span>e not been r<span class=\"_ _0\"></span>estat<span class=\"_ _c\"></span>ed under IFRS 17 and reflect the n<span class=\"_ _0\"></span>umbers as pr<span class=\"_ _0\"></span>eviously </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs2b0\">r<span class=\"_ _0\"></span>eported under IFRS 4.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The primar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the IFRS 17 and IFRS 4 numbers pr<span class=\"_ _c\"></span>esented her<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to the risk adjustment.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws0 gs2b1\">The net liabilities f<span class=\"_ _0\"></span>or incurred c<span class=\"_ _0\"></span>laims and net liabilities for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age per pr<span class=\"_ _0\"></span>oduct is given belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span></div><div class=\"gs2b2\"><table class=\"s w2ff h7a\" id=\"_e727674e-cc96-43de-8993-e14f223ea034\"><tr><td></td><td></td><td class=\"c n x443 y25d6 w269 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LIC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x444 y25d6 w26a h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LRC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x445 y25d6 w26b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d7 w300 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _1fc\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4e1 y25d7 w301 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls95 ws99\">15<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></div></td><td class=\"c n x4e2 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e3 y25d7 w1ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">5,83<span class=\"_ _c\"></span>7\ue01e</div></td><td class=\"c n x4e4 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e5 y25d7 w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">98,286\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25fe w302 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle<span class=\"_ _1fd\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4e6 y25ff w303 h77\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8a\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4e7 y25fe w304 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x4e8 y25fe w305 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e9 y25fe w306 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">,823<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25d9 w274 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi</div></td><td class=\"c n x4ea y25d9 w307 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span>2<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4eb y2600 w308 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _125\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4ec y2600 w309 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4ed y25d9 w30a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">2<span class=\"_ _1\"></span>6<span class=\"_ _1a\"></span>,19<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td></td><td class=\"c n x4ee y24bc w30c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"_ _164\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span><span class=\"ff2 lsa2 wsa4\">19<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0</span></span></div></td><td></td><td class=\"c n x4ef y25c8 w30d h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _6b\"> </span><span class=\"_ gs41\"> </span></span><span class=\"ls46 wsae\">5<span class=\"_ _1\"></span>3,8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0</span></div></td><td></td><td></td><td class=\"c n x4f0 y25c8 w30e h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ff4 ls0 ws0\"><span class=\"ff2 lsa2 wsa4\"><span class=\"ls46 wsae\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _49\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span><span class=\"ff2 ls4e ws50\">24<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,30<span class=\"_ _1\"></span>0</span></span></span></span></span><span class=\"ff4 ls0 ws0\"><span class=\"ff2 lsa2 wsa4\"><span class=\"ls46 wsae\"><span class=\"ff4 ls0 ws0\"><span class=\"ff2 ls4e ws50\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></span></span></span></span></div></td></tr></table></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs2b4\">3.5<span class=\"_ _1\"></span>. IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>EVE<span class=\"_ _1\"></span>NU<span class=\"_ _1\"></span>E AN<span class=\"_ _1\"></span>D EXP<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S \u2013 SE<span class=\"_ _1\"></span>GM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT<span class=\"_ _0\"></span>AL DI<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>CLOS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2b5\">An analysis of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue,<span class=\"_ _2\"></span> insur<span class=\"_ _c\"></span>ance ser<span class=\"_ _1\"></span>vice expenses and net e<span class=\"_ _0\"></span>xpenses fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held is included in the t<span class=\"_ _0\"></span>ables below<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Additional inf<span class=\"_ _c\"></span>ormation on amounts </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2b6\">r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss and OCI is included in the mo<span class=\"_ _c\"></span>vements in insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act balances in Note 3.2.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2b7\">The Gr<span class=\"_ _c\"></span>oup pro<span class=\"_ _0\"></span>vides short-term motor insur<span class=\"_ _c\"></span>ance to clients<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which comprises thr<span class=\"_ _0\"></span>ee lines of business,<span class=\"_ _2\"></span> Mot<span class=\"_ _0\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle insur<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance,<span class=\"_ _2\"></span> which ar<span class=\"_ _c\"></span>e written solely in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2b8\">the UK.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group has no other lines of business<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> nor does it oper<span class=\"_ _0\"></span>ate outside of the UK.<span class=\"_ _2\"></span> Other income r<span class=\"_ _c\"></span>elates t<span class=\"_ _0\"></span>o auxiliary products and services,<span class=\"_ _2\"></span> including br<span class=\"_ _c\"></span>oker<span class=\"_ _c\"></span>age and administration f<span class=\"_ _c\"></span>ees,<span class=\"_ _2\"></span> all </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2b9\">r<span class=\"_ _0\"></span>elating to the mot<span class=\"_ _c\"></span>or insurance business<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not have a single client which accounts f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e than 10% of r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2d8\"> </span></div><div class=\"gs2ba\"><table class=\"s w378 h7d\" id=\"_846adecb-500b-4d56-be61-5e706de5eb6e\"><tr><td></td><td></td><td class=\"c n x1dc y2631 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x55b y2631 w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x55c h29 y2632 ff2 fs22 fc2 sc0 ls0 ws0\">Motor </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x55d h29 y2632 ff2 fs22 fc2 sc0 ls0 ws0\">Motor </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x55e y2633 w37a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">V<span class=\"_ _c\"></span>ehicles<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x55f y2633 w37b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Motorcyc<span class=\"_ _0\"></span>le<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x560 y2633 w37c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Taxi<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x561 y2633 w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x562 y2633 w37a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">V<span class=\"_ _c\"></span>ehicles<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x563 y2633 w37b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Motorcyc<span class=\"_ _0\"></span>le<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x564 y2633 w37c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Taxi<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x565 y2633 w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x566 y2634 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x567 y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x568 y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x569 y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56a y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x56b y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56c y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56d y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2635 ff2 fs7 fc2 sc0 ls1d ws31\">Insurance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue<span class=\"_ _1ff\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2636 w37e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue fr<span class=\"_ _c\"></span>om contracts measur<span class=\"_ _c\"></span>ed under the P<span class=\"_ _c\"></span>AA</div></td><td class=\"c n x56e y2636 w37f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _200\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>312</span></div></td><td class=\"c n x56f y2637 w380 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x570 y2636 w381 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">15<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1eb\"> </span></div></td><td class=\"c n x571 y2636 w382 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x572 y2636 w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">990\ue01d</div></td><td class=\"c n x573 y2636 w384 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>222,63<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x574 y2636 w385 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">5\ue01e<span class=\"_ _58\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x575 y2636 w386 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _56\"> </span></div></td><td class=\"c n x576 y2636 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x577 y2636 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,297\ue01e</div></td><td class=\"c n x578 y2636 w388 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>248,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x579 y2636 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2638 w389 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls1d ws31\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _c\"></span> reven<span class=\"_ _0\"></span>ue<span class=\"_ _201\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x57a y2638 w38a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">19<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>312</div></td><td class=\"c n x57b y2639 w380 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x57c y2638 w381 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">15<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1eb\"> </span></div></td><td class=\"c n x57d y2638 w382 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x57e y2638 w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">990\ue01d</div></td><td class=\"c n x57f y2638 w384 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>222,63<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x580 y2638 w385 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">5\ue01e<span class=\"_ _58\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x581 y2638 w386 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _56\"> </span></div></td><td class=\"c n x582 y2638 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x583 y2638 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,297\ue01e</div></td><td class=\"c n x584 y2638 w388 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>248,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x585 y2638 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y263a ff2 fs7 fc2 sc0 ls1d ws31\">Insurance s<span class=\"_ _0\"></span>ervice expens<span class=\"_ _0\"></span>e<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y263b w38b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims and other dir<span class=\"_ _0\"></span>ectly attributable e<span class=\"_ _0\"></span>xpenses<span class=\"_ _16d\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x586 y263b w38c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">(<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>2<span class=\"_ _3\"> </span>,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>)<span class=\"_ _3e\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x587 y263b w38d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>319<span class=\"_ _8\"></span>)<span class=\"_ _1eb\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x588 y263b w38e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">(<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>)</div></td><td class=\"c n x589 y263b w38f h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs102\"> </span>(1<span class=\"_ _c\"></span>62<span class=\"_ _1\"></span>,520<span class=\"_ _1\"></span>)<span class=\"_ _108\"> </span><span class=\"ff4 lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58a y263b w390 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">(<span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _3a\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58b y263b w391 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span>)<span class=\"_ _202\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x58c y263b w392 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,15<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _d\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58d y263b w393 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y263c w394 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC</div></td><td class=\"c n x58e y263c w395 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>3,8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x58f y263c w396 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls33 ws34\"><span class=\"_ gs102\"> </span>(93<span class=\"_ _0\"></span>)<span class=\"_ _e3\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x590 y263d w397 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>75<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x591 y263d w398 h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls8e ws91\">4<span class=\"_ _1\"></span>,782<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x592 y263c w399 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>9</div></td><td class=\"c n x593 y263e w39a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _85\"> </span></span></div></td><td></td><td class=\"c n x594 y263c w39b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>4,<span class=\"_ _1\"></span>323\ue01e</div></td><td class=\"c n x595 y263c w39c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>6,28<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y263f w39d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws</div></td><td class=\"c n x596 y263f w39e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _204\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x597 y263f w39f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ _41\"> </span><span class=\"lsad ws57\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>(2,<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>89)</span></div></td><td class=\"c n x598 y263f w3a0 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7d ws7c\"><span class=\"_ gs102\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,885<span class=\"_ _0\"></span>)<span class=\"_ _c9\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43b y263f w3a1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\">(<span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _17\"> </span><span class=\"ff4 ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x599 y263f w3a2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>)</div></td><td class=\"c n x59a y263f w3a3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _0\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>93)</div></td><td></td><td class=\"c n x59b y263f w3a4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>939)<span class=\"_ _2a\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x59c y263f w3a5 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2640 w3a6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _0\"></span> service expense<span class=\"_ _c4\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x59d y2640 w3a7 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>121,12<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x59e y2640 w3a8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4,60<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _c9\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x59f y2640 w3a9 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\">(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,767<span class=\"_ _1\"></span>)<span class=\"_ _113\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a0 y2640 w3aa h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">(<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1)<span class=\"_ _d\"> </span><span class=\"ff4 ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a1 y2640 w3ab h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls49 ws49\">(<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>17<span class=\"_ _1a\"></span>)<span class=\"_ _56\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a2 y2640 w3ac h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>8)<span class=\"_ _2a\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5a3 y2640 w3ad h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _8\"></span>6)<span class=\"_ _107\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a4 y2640 w3ae h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>61)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2641 ff2 fs7 fc2 sc0 lsd6 ws14\">Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _0\"></span> held<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2642 w3af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance expenses \u2013 contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA<span class=\"_ _200\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a5 y2642 w3b0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse1 wsed\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,13<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _10e\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a6 y2642 w3b1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5a7 y2642 w3b2 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)</div></td><td class=\"c n x5a8 y2642 w1f h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)</div></td><td class=\"c n x5a9 y2642 w3b3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(30,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>9)<span class=\"_ _41\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5aa y2642 w3b4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x5ab y2642 w3b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>2,093)</div></td><td class=\"c n x5ac y2642 w20 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2643 w20d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y</div></td><td class=\"c n x5ad y2644 w3b6 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1de\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5ae y2643 w3b7 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5</div></td><td class=\"c n x5af y2644 w3b8 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _65\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5b0 y2644 w3b9 h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\"><span class=\"lse1 wsed\"><span class=\"ls25 ws27\"><span class=\"lsed wsff\">4<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"> </span>4<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span></span></span></span></span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5b1 y2643 w3ba h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3</div></td><td class=\"c n x5b2 y2645 w3bb h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsd3 wse0\"><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>4\ue01e</span></div></td><td></td><td class=\"c n x5b3 y2643 w3bc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,2<span class=\"_ _0\"></span>71\ue01e<span class=\"_ _83\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5b4 y2643 w3bd h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y2646 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _0\"></span>ed claims </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25c3 w3be h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>ery</div></td><td class=\"c n x5b5 y2647 w3bf h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _205\"> </span><span class=\"ff2 ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>767<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5b6 y2647 w3c0 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _53\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5b7 y25c3 w3c1 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _49\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5b8 y25c3 w3c2 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>1</div></td><td></td><td class=\"c n x5b9 y2647 w3c3 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls5b ws5c\"><span class=\"ls62 ws64\"><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _e5\"> </span></span></span></span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(3,8<span class=\"_ _8\"></span>03)<span class=\"_ _47\"> </span><span class=\"lsc5 wsce\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x5ba y25c3 w3c4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">262\ue01e<span class=\"_ _e3\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x541 y25c3 w3c5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1)<span class=\"_ _e5\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5bb y25c3 w21c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>412<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25c5 w3c6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal net inc<span class=\"_ _0\"></span>ome<span class=\"_ _c\"></span>/<span class=\"_ _c\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from<span class=\"_ _0\"></span> reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _206\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5bc y25c6 w3c7 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>62<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5bd y25c5 w36b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">4<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _106\"> </span></div></td><td class=\"c n x5be y25c5 w244 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>83\ue01d</div></td><td class=\"c n x5bf y25c5 w3c8 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5c0 y25c5 w3c9 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\">8<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x5c1 y25c5 w3ca h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>30,6</div></td><td></td><td class=\"c n x5c2 y25c5 w3cb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20<span class=\"_ _1\"></span>,699)</div></td><td class=\"c n x5c3 y25c5 w3cc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>99)<span class=\"_ _73\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5c4 y25c5 w3cd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls41 wsf0\">3<span class=\"_ _1\"></span>07\ue01e</div></td><td></td><td class=\"c n x5c5 y25c5 w3ce h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20<span class=\"_ _1\"></span>,59<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w3cf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _0\"></span> service result<span class=\"_ _207\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5c6 y24bc w3d0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsed wsff\">7<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span>11</div></td><td class=\"c n x5c7 y2522 w3d1 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x5c8 y24bc w3d2 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>54<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _53\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x5c9 y24bc w3d3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\">7<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e3\"> </span></div></td><td></td><td></td><td class=\"c n x5ca y24bc w3d4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs41\"> </span>71,719\ue01e<span class=\"_ _85\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5cb y24bc w3d5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2</div></td><td></td><td class=\"c n x5cc y25c8 w3d6 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _6b\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _41\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5cd y24bc w3d7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5c wsc2\">72<span class=\"_ _1\"></span>,87<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2bb\">Other than r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance assets and insur<span class=\"_ _0\"></span>ance liabilities (see Note 3.1),<span class=\"_ _b\"></span> the Group does not allocat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> monit<span class=\"_ _0\"></span>or or r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>t assets and liabilities per business line and does not consider the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2bc\">information useful in the da<span class=\"_ _0\"></span>y-to-day running of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s operations.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup also does not allocate,<span class=\"_ _b\"></span> monitor or r<span class=\"_ _0\"></span>eport other income and expenses per business line.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsc6 wscf gs2be\">3.6.<span class=\"_ _c\"></span> UNDE<span class=\"_ _1\"></span>RW<span class=\"_ _0\"></span>RITING<span class=\"_ _0\"></span> RISK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2bf\">The principal risk the Gr<span class=\"_ _c\"></span>oup faces under insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts is that the actual claims and benefit payments,<span class=\"_ _2\"></span> or the timing ther<span class=\"_ _c\"></span>eof<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> diff<span class=\"_ _c\"></span>er from </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c0\">expect<span class=\"_ _0\"></span>ations.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is influenced by the fr<span class=\"_ _c\"></span>equency of claims,<span class=\"_ _2\"></span> sev<span class=\"_ _0\"></span>erity of claims,<span class=\"_ _2\"></span> actual benefits paid and subsequent dev<span class=\"_ _c\"></span>elopment of long-term </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c1\">claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the objective of the Gr<span class=\"_ _c\"></span>oup is to ensur<span class=\"_ _0\"></span>e that suf<span class=\"_ _0\"></span>ficient r<span class=\"_ _0\"></span>eserves ar<span class=\"_ _0\"></span>e available t<span class=\"_ _c\"></span>o cover these liabilities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c2\">The Gr<span class=\"_ _c\"></span>oup issues only motor insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts within the UK,<span class=\"_ _2\"></span> which usually co<span class=\"_ _0\"></span>ver a 12-month dur<span class=\"_ _c\"></span>ation.<span class=\"_ _2\"></span> For these contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the most </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c3\">significant risks arise fr<span class=\"_ _0\"></span>om sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e weather conditions or single cat<span class=\"_ _0\"></span>astr<span class=\"_ _c\"></span>ophic events.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or longer<span class=\"_ _c\"></span>-tail claims that t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e some years t<span class=\"_ _0\"></span>o settle,<span class=\"_ _2\"></span> ther<span class=\"_ _0\"></span>e is </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c4\">also inflation risk.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c5\">The abo<span class=\"_ _0\"></span>ve risk exposur<span class=\"_ _c\"></span>e is mitigated b<span class=\"_ _0\"></span>y diversification acr<span class=\"_ _c\"></span>oss a large portfolio of policyholders and geogr<span class=\"_ _c\"></span>aphical areas within the UK.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c6\">The v<span class=\"_ _0\"></span>ariability of risks is impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed by car<span class=\"_ _c\"></span>eful selection and implementation of underwriting str<span class=\"_ _c\"></span>ategies,<span class=\"_ _2\"></span> which ar<span class=\"_ _c\"></span>e designed to ensur<span class=\"_ _c\"></span>e that </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c7\">risks ar<span class=\"_ _0\"></span>e diversified in t<span class=\"_ _c\"></span>erms of type of risk and level of insur<span class=\"_ _c\"></span>ed benefits.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This is lar<span class=\"_ _0\"></span>gely achiev<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough diversification acr<span class=\"_ _c\"></span>oss policyholders.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c8\">Furthermore,<span class=\"_ _2\"></span> strict claim r<span class=\"_ _c\"></span>eview policies t<span class=\"_ _0\"></span>o assess all new and ongoing claims,<span class=\"_ _b\"></span> regular det<span class=\"_ _0\"></span>ailed r<span class=\"_ _0\"></span>eview of c<span class=\"_ _0\"></span>laims handling pr<span class=\"_ _0\"></span>ocedures and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2c9\">fr<span class=\"_ _0\"></span>equent inv<span class=\"_ _c\"></span>estigation of possible fraudulent claims ar<span class=\"_ _c\"></span>e all policies and procedur<span class=\"_ _c\"></span>es put in place to r<span class=\"_ _c\"></span>educe the risk exposure of the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2ca\">Gr<span class=\"_ _0\"></span>oup further enfor<span class=\"_ _0\"></span>ces a policy of actively managing and pr<span class=\"_ _c\"></span>omptly pursuing claims,<span class=\"_ _2\"></span> in or<span class=\"_ _0\"></span>der to r<span class=\"_ _c\"></span>educe its exposur<span class=\"_ _0\"></span>e to unpr<span class=\"_ _c\"></span>edictable futur<span class=\"_ _c\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2cb\">dev<span class=\"_ _0\"></span>elopments that can negatively impact the business<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Inflation risk is mitigated b<span class=\"_ _c\"></span>y taking expect<span class=\"_ _0\"></span>ed inflation int<span class=\"_ _0\"></span>o account when estimating </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2cc\">insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2cd\">The Gr<span class=\"_ _c\"></span>oup purchases r<span class=\"_ _c\"></span>einsurance as part of its risk mitigation pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme.<span class=\"_ _2\"></span> Reinsur<span class=\"_ _0\"></span>ance ceded is placed on a non-pr<span class=\"_ _0\"></span>oportional basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2ce\">non-pr<span class=\"_ _0\"></span>oportional reinsur<span class=\"_ _c\"></span>ance is excess-of-loss,<span class=\"_ _2\"></span> designed to mitigat<span class=\"_ _c\"></span>e the Group\u2019<span class=\"_ _2\"></span>s net exposur<span class=\"_ _c\"></span>e to single lar<span class=\"_ _0\"></span>ge claims or catastr<span class=\"_ _c\"></span>ophe losses.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2cf\">The curr<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme has a r<span class=\"_ _0\"></span>etention limit of \u00a31m,<span class=\"_ _b\"></span> with no upper limit.<span class=\"_ _2\"></span> Under this progr<span class=\"_ _c\"></span>amme,<span class=\"_ _2\"></span> the Group pays the first \u00a31m of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2d0\">an<span class=\"_ _0\"></span>y claim and,<span class=\"_ _2\"></span> fr<span class=\"_ _0\"></span>om 1 July 2025,<span class=\"_ _2\"></span> 50% of the next \u00a31m (prior t<span class=\"_ _c\"></span>o 1 July 2025:<span class=\"_ _c\"></span> 40%).<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Any amount abo<span class=\"_ _c\"></span>ve \u00a32m,<span class=\"_ _2\"></span> is cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed in full by the panel of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2d1\">r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>All ret<span class=\"_ _0\"></span>ention lev<span class=\"_ _c\"></span>els are subject t<span class=\"_ _0\"></span>o monthly index<span class=\"_ _0\"></span>ation subsequent to the accident dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Amounts reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers ar<span class=\"_ _0\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2d2\">estimated in a manner consist<span class=\"_ _c\"></span>ent with the outstanding claims pr<span class=\"_ _c\"></span>ovision and ar<span class=\"_ _0\"></span>e in accor<span class=\"_ _0\"></span>dance with the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Although </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2d3\">the Gr<span class=\"_ _0\"></span>oup has r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance arr<span class=\"_ _0\"></span>angements,<span class=\"_ _2\"></span> it is not r<span class=\"_ _c\"></span>elieved of its dir<span class=\"_ _c\"></span>ect obligations to its policyholders and thus a cr<span class=\"_ _c\"></span>edit exposure e<span class=\"_ _0\"></span>xists with </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2d4\">r<span class=\"_ _0\"></span>espect to ceded r<span class=\"_ _c\"></span>einsurance<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> to the e<span class=\"_ _0\"></span>xtent that an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>er is unable to meet its obligations assumed under such r<span class=\"_ _c\"></span>einsurance agr<span class=\"_ _c\"></span>eements.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws7b gs2d5\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s placement of reinsur<span class=\"_ _c\"></span>ance is diversified such that it is not dependent on a single r<span class=\"_ _c\"></span>einsurer<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Ther<span class=\"_ _0\"></span>e is no single count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ty exposur<span class=\"_ _c\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2d6\">that exceeds 25% of t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al reinsur<span class=\"_ _c\"></span>ance assets at the reporting dat<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls3c ws3d gs2d7\">K<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span> assumptions<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2d8\">The principal assumption underlying the liability estimat<span class=\"_ _0\"></span>es is that the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s future claims de<span class=\"_ _0\"></span>velopment will f<span class=\"_ _c\"></span>ollow a similar pattern t<span class=\"_ _c\"></span>o past </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2d9\">claims dev<span class=\"_ _c\"></span>elopment experience.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes assumptions in r<span class=\"_ _c\"></span>espect of aver<span class=\"_ _c\"></span>age claim costs,<span class=\"_ _2\"></span> claim handling costs,<span class=\"_ _2\"></span> claim inflation f<span class=\"_ _0\"></span>actors and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2da\">claim numbers f<span class=\"_ _c\"></span>or each accident year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Additional qualitative judgements ar<span class=\"_ _c\"></span>e used to assess the e<span class=\"_ _0\"></span>xtent t<span class=\"_ _c\"></span>o which past trends may not apply in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2db\">the futur<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> for e<span class=\"_ _0\"></span>xample:<span class=\"_ _2\"></span> one-off occurr<span class=\"_ _c\"></span>ence;<span class=\"_ _c\"></span> changes in market f<span class=\"_ _c\"></span>actors such as public attitude t<span class=\"_ _0\"></span>o claiming:<span class=\"_ _2\"></span> economic conditions;<span class=\"_ _c\"></span> and internal </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2dc\">fact<span class=\"_ _c\"></span>ors such as por<span class=\"_ _1\"></span>tfolio mix,<span class=\"_ _b\"></span> policy conditions and claims handling procedur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> Judgement is further used to assess the ext<span class=\"_ _c\"></span>ent to which </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2dd\">ext<span class=\"_ _0\"></span>ernal fact<span class=\"_ _c\"></span>ors such as judicial decisions and gov<span class=\"_ _0\"></span>ernment legislation aff<span class=\"_ _c\"></span>ect the estimates.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2de\">Other k<span class=\"_ _0\"></span>ey cir<span class=\"_ _c\"></span>cumstances af<span class=\"_ _0\"></span>fecting the r<span class=\"_ _c\"></span>eliability of assumptions include variation in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and delays in settlement.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls20 ws22 gs2e0\">Sensitivities<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2e1\">The mot<span class=\"_ _0\"></span>or claim liabilities ar<span class=\"_ _0\"></span>e primarily sensitive t<span class=\"_ _c\"></span>o the reserving assumptions noted abo<span class=\"_ _c\"></span>ve.<span class=\"_ _2\"></span> It has not been possible t<span class=\"_ _0\"></span>o quantify the sensitivity of individual,<span class=\"_ _2\"></span> specific assumptions such as </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2e2\">legislative changes<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2e3\">The f<span class=\"_ _0\"></span>ollowing analysis is perf<span class=\"_ _0\"></span>ormed for r<span class=\"_ _c\"></span>easonably possible mov<span class=\"_ _0\"></span>ements in ke<span class=\"_ _c\"></span>y assumptions with all other assumptions held constant,<span class=\"_ _2\"></span> showing the impact on pr<span class=\"_ _c\"></span>ofit after t<span class=\"_ _0\"></span>ax and equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2e4\">corr<span class=\"_ _0\"></span>elation of assumptions will have a significant ef<span class=\"_ _c\"></span>fect in det<span class=\"_ _0\"></span>ermining the ultimate c<span class=\"_ _0\"></span>laims liabilities,<span class=\"_ _2\"></span> but t<span class=\"_ _0\"></span>o demonstr<span class=\"_ _0\"></span>ate the impact due t<span class=\"_ _c\"></span>o changes in assumptions,<span class=\"_ _2\"></span> assumptions had to be </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2e5\">changed on an individual basis.<span class=\"_ _2\"></span> It should be not<span class=\"_ _c\"></span>ed that movements in these assumptions ar<span class=\"_ _c\"></span>e non-linear<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This sensitivity analysis r<span class=\"_ _0\"></span>eflects one-of<span class=\"_ _0\"></span>f impacts at the balance sheet date and should </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2e6\">not be interpr<span class=\"_ _c\"></span>eted as a f<span class=\"_ _c\"></span>orecast.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2e7\">Gross of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _208\"> </span>Net of reinsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2e8\">2025<span class=\"_ _f0\"> </span>2025<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2e9\">Increase/<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2ea\">(decrease) in </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2eb\">profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2ec\">Increase/(decr<span class=\"_ _0\"></span>ease) in </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2ed\">other comprehensiv<span class=\"_ _0\"></span>e </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2ee\">income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2ef\">Increase/decr<span class=\"_ _0\"></span>ease </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f0\">in equity<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f1\">Increase/<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f2\">(decrease) in pr<span class=\"_ _0\"></span>ofit,<span class=\"_ _2\"></span> </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f3\">after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f4\">Increase/(decr<span class=\"_ _0\"></span>ease) in </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f5\">other comprehensiv<span class=\"_ _0\"></span>e </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f6\">income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f7\">Increase/decr<span class=\"_ _0\"></span>ease </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f8\">in equity<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs2f9\">\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _ba\"> </span>\u00a3\u2019k<span class=\"_ _1cf\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _f7\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 lsd6 ws14 gs2fa\">Liabilit<span class=\"_ _1\"></span>y f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims </div><div class=\"t m0 h4f ff2 fs28 fc2 sc0 lsf7 ws0 gs2fb\">(1<span class=\"_ _0\"></span>) (2) (3)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2fc\">Impact of 5% incr<span class=\"_ _0\"></span>ease in insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _133\"> </span><span class=\"ff2 lsad ws57\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>(1<span class=\"_ _c\"></span>6,<span class=\"_ _c\"></span>959)<span class=\"_ _48\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _79\"> </span></span><span class=\"_ gs102\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _c\"></span>959)<span class=\"_ _46\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2fd\">Impact of an incr<span class=\"_ _0\"></span>ease in ultimate loss r<span class=\"_ _c\"></span>atio of 5ppts<span class=\"_ _20b\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(2<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>32<span class=\"_ _1\"></span>6)<span class=\"_ _20a\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _54\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span></span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 lsad ws7c gs2fe\">Discount rates<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs2ff\">Impact of 1% incr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs300\">pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _20c\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _cb\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>5,564<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>572<span class=\"_ gs102\"> </span><span class=\"_ _38\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>17<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _d4\"> </span></span></span><span class=\"_ gs102\"> </span>2,070<span class=\"_ gs102\"> </span><span class=\"_ _122\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>48<span class=\"_ gs102\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs301\">Impact of 1% decr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs302\">pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _1b0\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _1a\"></span>(<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span>,11<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _d3\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>(5,907)<span class=\"_ _92\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>1)<span class=\"_ _6c\"> </span><span class=\"lsad ws57\"><span class=\"_ gs102\"> </span>(1<span class=\"_ _c\"></span>89)<span class=\"_ _ad\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>(2,189)<span class=\"_ _e9\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(2,378)<span class=\"_ _2d8\"> </span></span></span></span></span></span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 ls1d ws31 gs303\">Risk adjustmen<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r non-<span class=\"_ _1\"></span>financial<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs304\">Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs305\">adjustment up by 5ppts<span class=\"_ _20d\"> </span><span class=\"ff2 ls30 ws31\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>,555<span class=\"_ _0\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _66\"> </span></span><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,555<span class=\"_ _c\"></span>)<span class=\"_ _e9\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _20a\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs306\">Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs307\">adjustment down b<span class=\"_ _0\"></span>y 5ppts<span class=\"_ _20f\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _210\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _145\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2,2<span class=\"_ _1\"></span>33<span class=\"_ gs102\"> </span><span class=\"_ _209\"> </span></span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _86\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>33<span class=\"_ gs102\"> </span></span></span></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs308\">(1) <span class=\"_ _5\"> </span>The impact of decreases will hav<span class=\"_ _0\"></span>e a similar but opposite impact<span class=\"_ _2d8\"> </span></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs309\">(2) <span class=\"_ _5\"> </span>Excludes the impact of discounting<span class=\"_ _2d8\"> </span></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs30a\">(3) <span class=\"_ _5\"> </span>A substantial increase in individually lar<span class=\"_ _c\"></span>ge claims which are o<span class=\"_ _0\"></span>ver our r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance ret<span class=\"_ _c\"></span>ention limit,<span class=\"_ _c\"></span> generally will hav<span class=\"_ _0\"></span>e no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs30c\">Gross of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _208\"> </span>Net of reinsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs30d\">2024<span class=\"_ _f0\"> </span>2024<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs30e\">Increase/(decr<span class=\"_ _0\"></span>ease) </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs30f\">in profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs310\">Increase/(decr<span class=\"_ _0\"></span>ease) in </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs311\">other comprehensiv<span class=\"_ _0\"></span>e </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs312\">income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs313\">Increase/decr<span class=\"_ _0\"></span>ease in </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs314\">equity<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs315\">Increase/(decr<span class=\"_ _0\"></span>ease) </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs316\">in profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs317\">Increase/(decr<span class=\"_ _0\"></span>ease) in </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs318\">other comprehensiv<span class=\"_ _0\"></span>e </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs319\">income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs31a\">Increase/decr<span class=\"_ _0\"></span>ease in </div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs31b\">equity<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs31c\">\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _ba\"> </span>\u00a3\u2019k<span class=\"_ _1cf\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _f7\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 lsd6 ws14 gs31d\">Liabilit<span class=\"_ _1\"></span>y f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims</div><div class=\"t m0 h4f ff2 fs28 fc2 sc0 lsf7 ws0 gs31e\"> (1<span class=\"_ _0\"></span>) (2) (3)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs31f\">Impact of 5% incr<span class=\"_ _0\"></span>ease in insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _152\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1)<span class=\"_ _55\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>13<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>21)<span class=\"_ _a6\"> </span></span><span class=\"_ gs41\"> </span>(7,902)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _52\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1a\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>)<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs320\">Impact of an incr<span class=\"_ _0\"></span>ease in ultimate loss r<span class=\"_ _c\"></span>atio of 5ppts<span class=\"_ _212\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>33)<span class=\"_ _20a\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _b1\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>33)<span class=\"_ _79\"> </span></span><span class=\"_ gs41\"> </span>(13,256)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _8f\"> </span><span class=\"ls4e ws50\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>3,25<span class=\"_ _1\"></span>6<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></span></span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 lsad ws7c gs321\">Discount rates<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs322\">Impact of 1% incr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs323\">pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _1d0\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs41\"> </span>78<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _6c\"> </span></span><span class=\"_ gs41\"> </span>5,499<span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span><span class=\"lsdd wseb\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,282<span class=\"_ gs41\"> </span><span class=\"_ _213\"> </span></span><span class=\"_ gs41\"> </span>151<span class=\"_ gs41\"> </span><span class=\"_ _214\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _215\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs324\">Impact of 1% decr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs325\">pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4d ws8d gs326\"><span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>82)<span class=\"_ _e9\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(6,497)<span class=\"_ _7a\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _2\"></span>,379)<span class=\"_ _40\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(159)<span class=\"_ _8f\"> </span><span class=\"lsc7 wsd0\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>5)<span class=\"_ _12a\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(2,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4)<span class=\"_ _2d8\"> </span></span></span></span></span></span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 ls1d ws31 gs327\">Risk adjustmen<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r non-<span class=\"_ _1\"></span>financial<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs328\">Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs329\">adjustment up by 5ppts<span class=\"_ _216\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _c\"></span>,01<span class=\"_ _c\"></span>8)<span class=\"_ _48\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _122\"> </span></span><span class=\"_ gs41\"> </span>(9,0<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>8)<span class=\"_ _ac\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(2,358)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _145\"> </span><span class=\"lsc7 wsd0\"><span class=\"_ gs41\"> </span>(2,<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>8)<span class=\"_ _2d8\"> </span></span></span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs32a\">Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs32b\">adjustment down b<span class=\"_ _0\"></span>y 5ppts<span class=\"_ _217\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1ca\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _197\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _cc\"> </span></span><span class=\"_ gs41\"> </span>2,004<span class=\"_ gs41\"> </span><span class=\"_ _ba\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _d4\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span>2,0<span class=\"_ _1\"></span>04<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs32c\">(1) <span class=\"_ _5\"> </span>The impact of decreases will hav<span class=\"_ _0\"></span>e a similar but opposite impact<span class=\"_ _2d8\"> </span></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs32d\">(2) <span class=\"_ _5\"> </span>Excludes the impact of discounting<span class=\"_ _2d8\"> </span></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs32e\">(3) <span class=\"_ _5\"> </span>A substantial increase in individually lar<span class=\"_ _c\"></span>ge claims which are o<span class=\"_ _0\"></span>ver our r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance ret<span class=\"_ _c\"></span>ention limit,<span class=\"_ _c\"></span> generally will hav<span class=\"_ _0\"></span>e no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs32f\">The 2024 risk adjustment sensitivity impact has been r<span class=\"_ _0\"></span>ecalculat<span class=\"_ _0\"></span>ed to r<span class=\"_ _c\"></span>eflect the impact of discounting in line with the impact calculated f<span class=\"_ _0\"></span>or 2025.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs331\">Climate change<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs332\">Management has assessed the short-,<span class=\"_ _2\"></span> medium- and long-term risks that r<span class=\"_ _0\"></span>esult fr<span class=\"_ _0\"></span>om climat<span class=\"_ _0\"></span>e change.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shor<span class=\"_ _1\"></span>t-t<span class=\"_ _0\"></span>erm risk is low<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Given the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs333\">geogr<span class=\"_ _0\"></span>aphical diversity of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s policyholders within the UK and the Group\u2019<span class=\"_ _2\"></span>s r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme,<span class=\"_ _2\"></span> it is highly unlik<span class=\"_ _0\"></span>ely that a climate </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs334\">ev<span class=\"_ _0\"></span>ent will mat<span class=\"_ _0\"></span>erially impact the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s financial position,<span class=\"_ _2\"></span> including its assessment of the liability for incurr<span class=\"_ _0\"></span>ed claims.<span class=\"_ _2\"></span> Mor<span class=\"_ _c\"></span>e likely is that the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs335\">costs associated with the tr<span class=\"_ _c\"></span>ansition to a lo<span class=\"_ _0\"></span>w-carbon economy will impact the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s indemnity spend in the medium term,<span class=\"_ _2\"></span> as electr<span class=\"_ _0\"></span>onic </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs336\">vehicles ar<span class=\"_ _c\"></span>e currently r<span class=\"_ _c\"></span>elatively expensiv<span class=\"_ _c\"></span>e to fix.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is somewhat,<span class=\"_ _2\"></span> or perhaps completely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> offset b<span class=\"_ _c\"></span>y advances in technology r<span class=\"_ _c\"></span>educing the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs337\">fr<span class=\"_ _0\"></span>equency of claims,<span class=\"_ _2\"></span> in particular bodily injur<span class=\"_ _1\"></span>y claims which ar<span class=\"_ _c\"></span>e generally f<span class=\"_ _c\"></span>ar more expensiv<span class=\"_ _c\"></span>e than damage to vehicles<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These changes in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs338\">the costs of claims ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>adual and,<span class=\"_ _2\"></span> as such,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eflect<span class=\"_ _0\"></span>ed in the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s claims experience and fed int<span class=\"_ _c\"></span>o the pricing of policies.<span class=\"_ _2\"></span> Howe<span class=\"_ _0\"></span>ver<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> if the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs339\">pr<span class=\"_ _0\"></span>opensity to tr<span class=\"_ _c\"></span>avel b<span class=\"_ _0\"></span>y car decr<span class=\"_ _0\"></span>eases ov<span class=\"_ _c\"></span>erall,<span class=\"_ _2\"></span> this could impact the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s income in the long term.<span class=\"_ _b\"></span> </div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs33a\">3.7<span class=\"_ _c\"></span>. IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>L<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>D CR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>DIT R<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs33b\">K<span class=\"_ _0\"></span>ey insur<span class=\"_ _c\"></span>ance-relat<span class=\"_ _c\"></span>ed areas wher<span class=\"_ _c\"></span>e the Group is exposed t<span class=\"_ _c\"></span>o credit def<span class=\"_ _0\"></span>ault risk ar<span class=\"_ _0\"></span>e:</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs33c\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities</div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs33d\"> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs33e\">Sabr<span class=\"_ _0\"></span>e uses a large panel of secur<span class=\"_ _c\"></span>e reinsur<span class=\"_ _c\"></span>ance companies.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The credit risk of r<span class=\"_ _c\"></span>einsurers included in the r<span class=\"_ _c\"></span>einsurance pr<span class=\"_ _c\"></span>ogramme is consider<span class=\"_ _c\"></span>ed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs33f\">annually b<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>eviewing their cr<span class=\"_ _c\"></span>edit worthiness.<span class=\"_ _2\"></span> Sabre\u2019<span class=\"_ _2\"></span>s lar<span class=\"_ _0\"></span>gest r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance counterparty is Munich Re.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The credit risk e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e is fur<span class=\"_ _1\"></span>ther </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs340\">monitor<span class=\"_ _c\"></span>ed thr<span class=\"_ _0\"></span>oughout the year t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e that changes in cr<span class=\"_ _0\"></span>edit risk positions ar<span class=\"_ _0\"></span>e adequately addr<span class=\"_ _c\"></span>essed.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs341\">The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>ables demonstr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s exposure t<span class=\"_ _c\"></span>o credit risk in r<span class=\"_ _c\"></span>espect of over<span class=\"_ _c\"></span>due insurance debt and count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ty creditw<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>thiness.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls36 ws11 gs342\">Ov<span class=\"_ _0\"></span>erdue insurance-<span class=\"_ _1\"></span>related<span class=\"_ _0\"></span> debt<span class=\"_ _2d8\"> </span></div><div class=\"gs343\"><table class=\"s w3e5 h7f\" id=\"_779eac6b-626e-425d-81cf-1fd99723cb17\"><tr><td></td><td class=\"t m0 x5ce h29 y2650 ff2 fs22 fc2 sc0 ls0 ws0\">Neither past </td><td></td><td></td><td></td><td></td><td class=\"t m0 x5cf h29 y2651 ff2 fs22 fc2 sc0 ls0 ws0\">Carrying value </td><td></td></tr><tr><td></td><td class=\"t m0 x5d0 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">due nor </td><td></td><td class=\"t m0 x5d1 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Past due </td><td class=\"t m0 x5d2 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Past due mor<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5d3 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Assets that hav<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5cf h29 y2653 ff2 fs22 fc2 sc0 ls0 ws0\">in the balance </td><td></td></tr><tr><td></td><td class=\"t m0 x5d4 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">impaired<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x5d5 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">1\u201390 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d6 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">than 90 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d7 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">been impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d8 h29 y2655 ff2 fs22 fc2 sc0 ls0 ws0\">sheet<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y2656 w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5d9 y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y2656 w3da h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5db y2656 w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dc y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dd y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2657 w3db h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x5f2 y2658 w3e6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>26<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>81\ue01d</div></td><td></td><td class=\"c n x5f3 y2658 we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f4 y2658 we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f5 y2658 w3e7 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f6 y2658 w3e8 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2659 w3df h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x5f7 y265a w3e9 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,70<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5f8 y265a w3ea h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8e ws91\">8\ue01d<span class=\"_ _eb\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5f9 y265a w3eb h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></div></td><td class=\"c n x5fa y265a w3ec h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x5fb y265a we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5fc y265a w3ed h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5fd y265a w3ee h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w3ef h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _219\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x5fe y2522 w3f0 h68\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5ff y24bc w3eb h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></div></td><td class=\"c n x600 y24bc w3f1 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x601 y24bc w3f2 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x602 y24bc w3f3 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"gs344\"><table class=\"s w3d8 h7e\" id=\"_0950c16e-9edc-4e71-a61a-1223bac69fa7\"><tr><td></td><td></td><td class=\"t m0 x5ce h29 y2648 ff2 fs22 fc2 sc0 ls0 ws0\">Neither past </td><td></td><td></td><td></td><td class=\"t m0 x5cf h29 y2649 ff2 fs22 fc2 sc0 ls0 ws0\">Carrying value </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5d0 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">due nor </td><td class=\"t m0 x5d1 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Past due </td><td class=\"t m0 x5d2 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Past due mor<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5d3 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Assets that hav<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5cf h29 y264b ff2 fs22 fc2 sc0 ls0 ws0\">in the balance </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5d4 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d5 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">1\u201390 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d6 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">than 90 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d7 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">been impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d8 h29 y264d ff2 fs22 fc2 sc0 ls0 ws0\">sheet<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y264e w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5d9 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5da y264e w3da h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5db y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dc y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dd y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y255c w3db h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td></td><td class=\"c n x5df y255c w3dc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x5e0 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e1 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e2 y255c w3dd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e3 y255c w3de h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y24bb w3df h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td></td><td class=\"c n x5e5 y24bb w3e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>41,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a2\"> </span></div></td><td class=\"c n x5e6 y24bb w3e1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>22\ue01e</div></td><td class=\"c n x5e7 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e8 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e9 y24bb w3e2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>41<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5ea y24bb w2c0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">,777\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x5eb y24bc w3e3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>243,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5ec y24bc w26f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">986\ue01e</div></td><td class=\"c n x5ed y24bc w3e1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>22\ue01e</div></td><td class=\"c n x5ee y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5ef y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5f0 y24bc w3e4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>244,0<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5f1 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws10d gs345\">(1) Undiscounted<span class=\"_ _2d8\"> </span></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs346\">(2) <span class=\"_ _5\"> </span>Included within <span class=\"_ _c\"></span>\u2018Insurance contr<span class=\"_ _c\"></span>act liabilities\u2019<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff2 fs6 fc2 sc0 ls1c ws1e gs348\">Exposure by<span class=\"_ _0\"></span> credit rating<span class=\"_ _2d8\"> </span></div><div class=\"gs349\"><table class=\"s w3f4 h80\" id=\"_86a67363-ce13-42e7-b316-1c9d34368c9c\"><tr><td></td><td class=\"c n x603 y265b w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y265b w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x605 y265b w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y265b w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y265b w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x608 y265b w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y265b w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y265c w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y265c w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60c y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60d y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60e y265c w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60f y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x610 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y265e w3db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x611 y255c w3fc h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x612 y2660 w3fd h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse1 wsed\">13<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x613 y255c w3fe h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x614 y255c we6 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x615 y255c we6 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x616 y255c w3e7 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x617 y255c w3e8 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 lsdf wsea\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2662 w3df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x611 y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x618 y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x619 y24bb wdf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61a y24bb wdf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61b y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61c y24bb w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x61d y24bb w3ff h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d</div></td><td class=\"c n x61e y24bb w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x61f y24bb w3ff h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x620 y24bc w3fc h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x621 y24cd w3fd h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse1 wsed\">13<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x622 y24bc w3fe h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x623 y24bc we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x624 y24bc we0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x625 y24bc w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x626 y24bc w400 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d<span class=\"_ _7e\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x627 y24bc w3f3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"gs34a\"><table class=\"s w401 h81\" id=\"_bac04609-c3a3-4532-8382-2642fb90bf61\"><tr><td></td><td class=\"c n x603 y2663 w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y2663 w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x605 y2663 w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y2663 w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y2663 w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y2663 w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y2663 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y264e w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y264e w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60c y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60d y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60e y264e w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60f y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x610 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y255c w3db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x611 y255c w402 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _109\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x628 y255c w403 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x629 y255c w404 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>100<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x62a y255c w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">,093\ue01e</div></td><td class=\"c n x62b y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62c y255c w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62d y255c w250 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x62e y255c w3de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y24bb w3df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x611 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62f y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x630 y24bb w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x631 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x632 y24bb w406 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x633 y24bb w407 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,777\ue01e</div></td><td class=\"c n x634 y24bb w408 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>41<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x635 y24bb w409 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">,777<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x620 y24bc w40a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x636 y24bc w403 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x637 y24bc w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x638 y24bc w31a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,093\ue01e</div></td><td class=\"c n x639 y24bc w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x63a y24bc w406 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x63b y24bc w40b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,777\ue01e</div></td><td class=\"c n x63c y24bc w1e9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>244<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x63d y24bc w40c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">,00<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws10d gs34b\">(1) Undiscounted<span class=\"_ _2d8\"> </span></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs34c\">(2) <span class=\"_ _5\"> </span>Included within <span class=\"_ _c\"></span>\u2018Insurance contr<span class=\"_ _c\"></span>act liabilities\u2019<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs34e\">3.8<span class=\"_ _1\"></span>. NE<span class=\"_ _1\"></span>T FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T<span class=\"_ _2d8\"> </span></div><div class=\"gs29b\"><table class=\"s w40d h82\" id=\"_c217b174-e490-45e3-b776-2ea51a4f6a47\"><tr><td></td><td></td><td></td><td class=\"c n x63e y2664 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x63f y2664 w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x640 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Insurance </td><td class=\"t m0 x641 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Non-insurance </td><td></td><td class=\"t m0 x642 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Insurance </td><td class=\"t m0 x5d7 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Non-insurance </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x643 h29 y2666 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></td><td class=\"c n x644 y2667 w40e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x645 y2667 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td class=\"t m0 x646 h29 y2666 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></td><td class=\"c n x647 y2667 w40e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x648 y2667 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x649 y2668 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64a y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64b y2668 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64c y2668 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64d y2668 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64e y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64f y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2669 ff2 fs7 fc2 sc0 lsd6 ws14\">Inv<span class=\"_ _0\"></span>estment income<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y266a ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est income on financial assets using </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y266b w40f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>erest r<span class=\"_ _c\"></span>ate method<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x650 y266b w410 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.5</div></td><td class=\"c n x651 y266b w411 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _43\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,816<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span></span></div></td><td class=\"c n x652 y266b w412 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3\ue01d<span class=\"_ _124\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x653 y266b w413 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span></div></td><td class=\"c n x654 y266b w414 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _2\"></span>,501\ue01e</div></td><td class=\"c n x655 y266b w415 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425</div></td><td class=\"c n x656 y266c w416 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span><span class=\"_ _a8\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"t m0 x1db h9 y266d ff4 fs7 fc2 sc0 ls0 ws0\">Realised gains on der<span class=\"_ _0\"></span>ecognition of debt </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y266e w417 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">securities measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x657 y266e w78 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.6</div></td><td class=\"c n x658 y266e w418 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>7\ue01d</div></td><td class=\"c n x659 y266e w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8f\"> </span></div></td><td class=\"c n x65a y266e w418 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>7\ue01d</div></td><td class=\"c n x65b y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x65c y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x65d y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y266f w41a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in OCI<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x65e y266f w78 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.6</div></td><td class=\"c n x65f y266f w41b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _80\"> </span><span class=\"ff2 ls65 ws65\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td class=\"c n x660 y266f w41c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls65 ws65\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x661 y2670 w41d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>518<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span></span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x662 y266f w41e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x663 y266f w41f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x664 y266f w420 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2671 w421 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal inv<span class=\"_ _c\"></span>estment income<span class=\"_ _139\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x665 y2671 w422 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\">16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x666 y2671 w423 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d<span class=\"_ _6d\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x667 y2672 w424 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">17,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _15f\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x668 y2671 w33c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _79\"> </span></div></td><td class=\"c n x669 y2671 w425 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _17d\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x66a y2671 w426 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y2674 w427 h83\"><div class=\"t m0 x1d5 h12 y2673 ff2 fs7 fc2 sc0 ls1d ws31\">Insurance fin<span class=\"_ _0\"></span>ance e<span class=\"_ _0\"></span>xpense fr<span class=\"_ _0\"></span>om<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsd6 ws14\">insurance contr<span class=\"_ _0\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2675 w428 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed</div></td><td></td><td class=\"c n x66b y2675 w429 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _13d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x66c y2675 w42a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x66d y2675 w42b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</div></td><td class=\"c n x66e y2675 w42c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(8,39<span class=\"_ _1\"></span>2)</div></td><td class=\"c n x66f y2675 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x670 y2675 w32 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(8,392)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y2677 w42d h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of changes in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">other financial assumptions</div></td><td></td><td class=\"c n x671 y2677 w42e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>5,<span class=\"_ _c\"></span>808)</div></td><td class=\"c n x672 y2677 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x673 y2677 w42f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>5,808<span class=\"_ _c\"></span>)<span class=\"_ _11b\"> </span><span class=\"ff4 lsc7 wsd0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x674 y2677 w430 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\">6,8<span class=\"_ _1\"></span>52\ue01e</div></td><td class=\"c n x369 y2677 w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x675 y2677 w64 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>52\ue01e</div></td></tr><tr><td></td><td></td><td class=\"c n x676 y2678 w431 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(15<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>76)</div></td><td class=\"c n x677 y2679 w432 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x678 y2678 w433 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>76)</div></td><td class=\"c n x679 y2678 w434 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>40)</div></td><td class=\"c n x67a y2678 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x67b y2678 w435 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>40)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y267a w436 h83\"><div class=\"t m0 x1d5 h12 y2673 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance finance income<span class=\"_ _2\"></span>/<span class=\"_ _c\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsd6 ws14\">reinsurance contr<span class=\"_ _0\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y267b w428 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed</div></td><td></td><td class=\"c n x67c y267b w437 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x67d y267b wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x67e y267b w438 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d<span class=\"_ _aa\"> </span></span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x67f y267b w220 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x680 y267c w439 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls92 ws96\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x681 y267b w43a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y267e w42d h84\"><div class=\"t m0 x1d5 h9 y267d ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of changes in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">other financial assumptions</div></td><td></td><td class=\"c n x682 y267e w395 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x683 y267e we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x684 y267e w395 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x685 y267e w67 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td><td class=\"c n x686 y267f w43b h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x687 y267e w43c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">(5,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td></tr><tr><td></td><td></td><td class=\"c n x688 y2680 w43d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x689 y2681 w43e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x68a y2681 w43f h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6e\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x68b y2680 w1e4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>)</div></td><td class=\"c n x68c y2682 w440 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x68d y2680 wbb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,16<span class=\"_ _1a\"> </span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24b4 w441 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls1d ws31\">Net insur<span class=\"_ _0\"></span>ance finance<span class=\"_ _0\"></span> expens<span class=\"_ _0\"></span>e</div></td><td></td><td class=\"c n x68e y24b4 w176 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4)</div></td><td class=\"c n x68f y24b4 wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x690 y24b4 w442 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>68<span class=\"_ _1\"></span>4)<span class=\"_ _124\"> </span><span class=\"ff4 ls50 ws52\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x691 y24b4 w443 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6)</div></td><td class=\"c n x692 y24b4 w444 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x693 y24b4 w1a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2683 w445 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">Net financial<span class=\"_ _0\"></span> results<span class=\"_ _fa\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x694 y2683 w446 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x695 y2683 w447 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x696 y2683 w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8,5<span class=\"_ _1\"></span>60\ue01d</div></td><td class=\"c n x697 y2683 w448 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _c\"></span>,569\ue01e</div></td><td class=\"c n x698 y2683 w449 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425\ue01e<span class=\"_ _80\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x699 y2683 w44a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>4<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"t m0 x1db h3e y2684 ff22 fs7 fc2 sc0 ls0 ws0\">Repr<span class=\"_ _0\"></span>esented b<span class=\"_ _0\"></span>y:<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y255c w44b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss</div></td><td></td><td class=\"c n x69a y255c w44c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls14 ws18\"><span class=\"_ gs102\"> </span>5<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>91<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span></div></td><td class=\"c n x69b y255c w44d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d<span class=\"_ _e8\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x69c y255c w241 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">5<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></div></td><td class=\"c n x69d y255c w44e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>2,823\ue01e</div></td><td class=\"c n x69e y255c w44f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x69f y255c w121 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>3,248\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w41a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in OCI</div></td><td></td><td class=\"c n x6a0 y24bb w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2,5<span class=\"_ _1\"></span>66\ue01d</div></td><td class=\"c n x6a1 y24bb wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6a2 y24bb w450 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>66\ue01d<span class=\"_ _125\"> </span></span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x6a3 y24bb w451 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x6a4 y24bb w452 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x6a5 y24bb w453 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w454 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _221\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6a6 y24bc w1a3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x6a7 y24bc w455 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d</div></td><td class=\"c n x6a8 y24bc w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8,5<span class=\"_ _1\"></span>60\ue01d</div></td><td class=\"c n x6a9 y24bc w456 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _c\"></span>,569\ue01e</div></td><td class=\"c n x6aa y24bc w449 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425\ue01e<span class=\"_ _80\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x6ab y24bc w44a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lsa3 wsa6\"><span class=\"lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>4</span></span></span></span></span><span class=\"ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lsa3 wsa6\"><span class=\"lse0 wsec\"><span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></span></span></span></span></span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-376": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>For the purpose of this accounting policy<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the term <span class=\"ff2\">\u2018mot<span class=\"_ _0\"></span>or insurance\u2019<span class=\"ff4\"> co<span class=\"_ _c\"></span>vers all the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which <span class=\"ff2 ws109\">includes <span class=\"_ _8\"></span>Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> </span></span></span>Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>axi insurance<span class=\"ff4\">.<span class=\"_ _2d8\"> </span></span>A. INSURANCE AND<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EINSUR<span class=\"_ _1\"></span>ANC<span class=\"_ _0\"></span>E CON<span class=\"_ _0\"></span>TRA<span class=\"_ _0\"></span>CTS<span class=\"_ _0\"></span> CLASSIFICA<span class=\"_ _2\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues insurance contr<span class=\"_ _c\"></span>acts in the normal course of business,<span class=\"_ _2\"></span> under which it accepts significant insur<span class=\"_ _0\"></span>ance risk fr<span class=\"_ _0\"></span>om a policyholder <span class=\"_ _0\"></span> by agr<span class=\"_ _c\"></span>eeing to compensat<span class=\"_ _0\"></span>e the policyholder if a specified uncertain futur<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent adversely af<span class=\"_ _c\"></span>fects the policyholder<span class=\"_ _2\"></span>.<span class=\"_ _c\"></span> As a gener<span class=\"_ _0\"></span>al guideline,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup determines whether it has significant insur<span class=\"_ _0\"></span>ance risk,<span class=\"_ _2\"></span> by comparing benefits pay<span class=\"_ _c\"></span>able after an insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent with benefits pay<span class=\"_ _0\"></span>able if the insured e<span class=\"_ _0\"></span>vent did not occur<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only non-life insur<span class=\"_ _0\"></span>ance to individuals and businesses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Non-life insur<span class=\"_ _c\"></span>ance pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup are Mot<span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>These pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>er prot<span class=\"_ _0\"></span>ection of a policyholder\u2019<span class=\"_ _2\"></span>s assets and indemnification of other par<span class=\"_ _1\"></span>ties that hav<span class=\"_ _0\"></span>e suf<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ed<span class=\"_ gs41\"> </span>damage as a result of a policyholder\u2019<span class=\"_ _2\"></span>s accident.<span class=\"_ _2d8\"> </span>In the normal course of business,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup uses reinsur<span class=\"_ _c\"></span>ance to mitigat<span class=\"_ _0\"></span>e its risk exposur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> A r<span class=\"_ _c\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act tr<span class=\"_ _0\"></span>ansfers significant risks if it<span class=\"_ gs41\"> </span>tr<span class=\"_ _0\"></span>ansfers subst<span class=\"_ _c\"></span>antially all of the insurance risk r<span class=\"_ _c\"></span>esulting from the insur<span class=\"_ _c\"></span>ed por<span class=\"_ _1\"></span>tion of the underlying insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> e<span class=\"_ _0\"></span>ven if it does not expose<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>einsurer t<span class=\"_ _0\"></span>o the possibility of a significant loss.<span class=\"_ _2d8\"> </span>B. IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE AN<span class=\"_ _1\"></span>D REI<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE CONTR<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>CTS ACCOUNTING TR<span class=\"_ _1\"></span>EA<span class=\"_ _0\"></span>TME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>(i<span class=\"_ _0\"></span>) Separating componen<span class=\"_ _0\"></span>ts from insurance<span class=\"_ _0\"></span> and reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup assesses its non-life insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>oducts to det<span class=\"_ _c\"></span>ermine whether they contain distinct components which m<span class=\"_ _c\"></span>ust be accounted f<span class=\"_ _c\"></span>or under another IFRS instead of under IFRS 17.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>After separ<span class=\"_ _c\"></span>ating any distinct components,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup applies IFRS 17 to all r<span class=\"_ _0\"></span>emaining components of the (host) insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act.<span class=\"_ _2\"></span> Curr<span class=\"_ _0\"></span>ently<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products do not inc<span class=\"_ _0\"></span>lude any distinct components that r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e separ<span class=\"_ _0\"></span>ation.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _0\"></span>) A<span class=\"_ _0\"></span>ggregation and<span class=\"_ _0\"></span> recognition of<span class=\"_ _0\"></span> insurance and<span class=\"_ _0\"></span> reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>I<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e aggr<span class=\"_ _0\"></span>egated int<span class=\"_ _c\"></span>o groups f<span class=\"_ _0\"></span>or measur<span class=\"_ _0\"></span>ement purposes.<span class=\"_ _2\"></span> Gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts are det<span class=\"_ _c\"></span>ermined by identifying portfolios of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> each comprising contr<span class=\"_ _c\"></span>acts subject to similar risks and managed t<span class=\"_ _0\"></span>ogether<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and dividing each portfolio into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts (i.e.<span class=\"_ _2\"></span> by y<span class=\"_ _0\"></span>ear of issue) and each annual cohort into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous subsequently <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>emaining contr<span class=\"_ _0\"></span>acts in the annual cohort<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts it issues from the earliest of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When the first payment fr<span class=\"_ _c\"></span>om a policyholder in the group becomes due or when the first pa<span class=\"_ _0\"></span>yment is r<span class=\"_ _0\"></span>eceived if ther<span class=\"_ _c\"></span>e is no due date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate that the contr<span class=\"_ _c\"></span>act is onerous<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _c\"></span>ofitability of gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts is assessed by actuarial v<span class=\"_ _c\"></span>aluation models that tak<span class=\"_ _0\"></span>e into consider<span class=\"_ _c\"></span>ation existing and new business.<span class=\"_ _b\"></span> The Gr<span class=\"_ _c\"></span>oup assumes that no contracts in the portfolio ar<span class=\"_ _c\"></span>e onerous at initial r<span class=\"_ _c\"></span>ecognition unless facts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate otherwise.<span class=\"_ _2\"></span> For contr<span class=\"_ _c\"></span>acts that are not oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup assesses,<span class=\"_ _2\"></span> at initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> that there is no significant possibility of becoming oner<span class=\"_ _0\"></span>ous subsequently by assessing the lik<span class=\"_ _c\"></span>elihood of changes in applicable facts and cir<span class=\"_ _c\"></span>cumstances.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers facts and<span class=\"_ _0\"></span> cir<span class=\"_ _0\"></span>cumstances t<span class=\"_ _c\"></span>o identify whether a group of contr<span class=\"_ _c\"></span>acts are oner<span class=\"_ _c\"></span>ous based on:<span class=\"_ _c\"></span>  <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Pricing inf<span class=\"_ _0\"></span>ormation <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Results of similar contr<span class=\"_ _c\"></span>acts it has recognised <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>En<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onmental f<span class=\"_ _c\"></span>actors,<span class=\"_ _2\"></span> e.g<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> a change in mark<span class=\"_ _0\"></span>et experience or r<span class=\"_ _0\"></span>egulations<span class=\"_ _2d8\"> </span>Reinsurance<span class=\"_ _c\"></span> contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Some r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts pr<span class=\"_ _0\"></span>ovide co<span class=\"_ _c\"></span>ver for underlying contr<span class=\"_ _c\"></span>acts that are included in dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent groups.<span class=\"_ _b\"></span> Howev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Group concludes that the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act\u2019<span class=\"_ _2\"></span>s legal form of a single contr<span class=\"_ _c\"></span>act reflects the subst<span class=\"_ _0\"></span>ance of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s contractual rights and obligations<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> considering that the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent covers lapse t<span class=\"_ _c\"></span>ogether and are not sold separ<span class=\"_ _c\"></span>ately<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a result,<span class=\"_ _b\"></span> the reinsur<span class=\"_ _c\"></span>ance contract is not separ<span class=\"_ _c\"></span>ated int<span class=\"_ _0\"></span>o multiple insur<span class=\"_ _c\"></span>ance components that relat<span class=\"_ _c\"></span>e to dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent underlying groups<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts held at the earlier of the f<span class=\"_ _0\"></span>ollowing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The dat<span class=\"_ _c\"></span>e the Group r<span class=\"_ _c\"></span>ecognises an onerous gr<span class=\"_ _c\"></span>oup of underlying insurance contr<span class=\"_ _c\"></span>acts if the Group ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act held in the gr<span class=\"_ _0\"></span>oup of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held at or befor<span class=\"_ _c\"></span>e that date<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _1\"></span>i) Me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _2d8\"> </span>Summary of<span class=\"_ _0\"></span> measuremen<span class=\"_ _0\"></span>t appr<span class=\"_ _0\"></span>oaches<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup uses the following measur<span class=\"_ _c\"></span>ement approaches t<span class=\"_ _c\"></span>o its insurance and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span><table class=\"s w1bc h73\" id=\"_55360455-9856-4c92-9e21-664a1f84c7a1\"><tr><td></td><td class=\"c n x380 y2580 w1bd h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Product classification<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x381 y2580 w1be h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Measurement model<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2581 ff2 fs7 fc2 sc0 lsad ws7c\">Insurance contracts issued<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2582 w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x383 y2582 w1c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x384 y2582 w1c1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _2\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2583 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w1c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance \u2013 excess of loss r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x385 y24bc w1c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsurance contr<span class=\"_ _c\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x386 y24bc w1c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _c\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup applies the premium allocation appr<span class=\"_ _c\"></span>oach to all the insur<span class=\"_ _c\"></span>ance contracts that it issues and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts that it holds,<span class=\"_ _2\"></span> as the cov<span class=\"_ _c\"></span>erage period of each contr<span class=\"_ _c\"></span>act in the group is one y<span class=\"_ _c\"></span>ear or less,<span class=\"_ _2\"></span> including insurance contr<span class=\"_ _c\"></span>act services arising from all pr<span class=\"_ _c\"></span>emiums within the contr<span class=\"_ _0\"></span>act boundary<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not expect significant variability in the fulfilment cash flo<span class=\"_ _0\"></span>ws that would af<span class=\"_ _0\"></span>fect the measur<span class=\"_ _c\"></span>ement of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age during the period befor<span class=\"_ _c\"></span>e a claim is incurred.<span class=\"_ _2d8\"> </span>All the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance contr<span class=\"_ _c\"></span>acts have a co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of one year or less.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance contracts held ar<span class=\"_ _c\"></span>e excess of loss contr<span class=\"_ _0\"></span>acts and ar<span class=\"_ _0\"></span>e loss occurring.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group does not issue an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d) is measured at: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span> <span class=\"_ _26\"></span>The pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus an<span class=\"_ _c\"></span>y insurance acquisition cash flo<span class=\"_ _0\"></span>ws allocat<span class=\"_ _0\"></span>ed to the gr<span class=\"_ _c\"></span>oup at that date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Adjust<span class=\"_ _0\"></span>ed for an<span class=\"_ _c\"></span>y amount arising from the der<span class=\"_ _c\"></span>ecognition of any assets or liabilities pr<span class=\"_ _c\"></span>eviously r<span class=\"_ _0\"></span>ecognised for cash flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>elated t<span class=\"_ _c\"></span>o the gr<span class=\"_ _0\"></span>oup (including assets f<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance acquisition cash flows) The Gr<span class=\"_ _c\"></span>oup has chosen not to expense insur<span class=\"_ _c\"></span>ance acquisition cash flows when they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>Subsequently<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span> the Gr<span class=\"_ _c\"></span>oup measures the carrying amount of the LRC at the end of each r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period as the LRC at the beginning of the period: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus insur<span class=\"_ _c\"></span>ance acquisition cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus an<span class=\"_ _0\"></span>y amounts r<span class=\"_ _0\"></span>elating to the amortisation of insur<span class=\"_ _0\"></span>ance acquisition cash flows r<span class=\"_ _c\"></span>ecognised as an expense in the r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus the amount r<span class=\"_ _c\"></span>ecognised as insurance r<span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>enue f<span class=\"_ _0\"></span>or the services pro<span class=\"_ _0\"></span>vided in the period<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup expects that the time between pr<span class=\"_ _c\"></span>oviding each part of the ser<span class=\"_ _1\"></span>vices and the r<span class=\"_ _0\"></span>elated pr<span class=\"_ _c\"></span>emium due date is no mor<span class=\"_ _c\"></span>e than a year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Accordingly<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group has chosen not t<span class=\"_ _c\"></span>o adjust the liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect the time value of mone<span class=\"_ _0\"></span>y and the eff<span class=\"_ _c\"></span>ect of financial risk.<span class=\"_ _2d8\"> </span>If at an<span class=\"_ _0\"></span>y time during the cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age period,<span class=\"_ _2\"></span> facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e that a group of contr<span class=\"_ _c\"></span>acts is onerous<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> then the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecognises a loss in Pr<span class=\"_ _0\"></span>ofit or Loss and incr<span class=\"_ _c\"></span>eases the liability for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age to the ext<span class=\"_ _c\"></span>ent that the current estimat<span class=\"_ _c\"></span>es of the fulfilment cash flows that r<span class=\"_ _c\"></span>elate t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age exceed the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discounted (at curr<span class=\"_ _c\"></span>ent rat<span class=\"_ _c\"></span>es) if the liability for incurr<span class=\"_ _0\"></span>ed claims is also discount<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises the liability f<span class=\"_ _0\"></span>or incurr<span class=\"_ _0\"></span>ed claims (\u201cLIC\u201d) of a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts at the amount of the fulfilment cash flows (\u201cFCF\u201d) r<span class=\"_ _0\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed (at current r<span class=\"_ _c\"></span>ates) unless the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be paid in one year or less fr<span class=\"_ _c\"></span>om the date the claims ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>The carrying amount of a group of insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts issued at the end of each r<span class=\"_ _0\"></span>eporting period is the sum of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ws10b\"> The <span class=\"_ _10\"> </span>LRC</span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The LIC<span class=\"_ _2d8\"> </span>Ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt for n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>al ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>An explicit risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is estimated separ<span class=\"_ _c\"></span>ate fr<span class=\"_ _c\"></span>om the other estimates.<span class=\"_ _b\"></span> Unless contracts ar<span class=\"_ _c\"></span>e onerous,<span class=\"_ _b\"></span> the explicit risk adjustment for non-financial risk is only estimat<span class=\"_ _c\"></span>ed for the measur<span class=\"_ _0\"></span>ement of the LIC.<span class=\"_ _2d8\"> </span>This risk adjustment r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the compensation that the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing the uncertainty about the amount and timing of cash flows that arise fr<span class=\"_ _c\"></span>om non-financial risk.<span class=\"_ _2\"></span> Non-financial risk is risk arising from insur<span class=\"_ _c\"></span>ance contracts other than financial risk,<span class=\"_ _b\"></span> which is included in the estimat<span class=\"_ _0\"></span>es of futur<span class=\"_ _0\"></span>e cash flows or the discount r<span class=\"_ _c\"></span>ate used t<span class=\"_ _0\"></span>o adjust the cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risks cov<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the risk adjustment for non-financial risk ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance risk and other non-financial risks such as lapse risk and expense risk.<span class=\"_ _2d8\"> </span>The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk for insur<span class=\"_ _c\"></span>ance contracts measur<span class=\"_ _c\"></span>es the compensation that the Group w<span class=\"_ _c\"></span>ould requir<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o make it<span class=\"_ _0\"></span> indif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent between: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that has a r<span class=\"_ _c\"></span>ange of possible outcomes arising from non-financial risk <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that will gener<span class=\"_ _c\"></span>ate fix<span class=\"_ _0\"></span>ed cash flows with the same expect<span class=\"_ _c\"></span>ed present v<span class=\"_ _0\"></span>alue as the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Reinsurance cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s held<span class=\"_ _2d8\"> </span>The excess of loss r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held pro<span class=\"_ _c\"></span>vide cover<span class=\"_ _c\"></span>age on the motor insur<span class=\"_ _c\"></span>ance contracts originat<span class=\"_ _c\"></span>ed for claims incurr<span class=\"_ _0\"></span>ed during an accident year and ar<span class=\"_ _c\"></span>e accounted f<span class=\"_ _0\"></span>or under the P<span class=\"_ _c\"></span>AA.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group measur<span class=\"_ _c\"></span>es its reinsur<span class=\"_ _c\"></span>ance assets for a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts that it holds on the same basis as insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts that it issues.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age at the amount of ceding pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> at each of the subsequent r<span class=\"_ _0\"></span>eporting dates,<span class=\"_ _2\"></span> the r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age is: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incr<span class=\"_ _c\"></span>eased for ceding pr<span class=\"_ _0\"></span>emiums paid in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Decr<span class=\"_ _c\"></span>eased for the amounts of ceding pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>ecognised as reinsur<span class=\"_ _c\"></span>ance expenses f<span class=\"_ _0\"></span>or the services receiv<span class=\"_ _0\"></span>ed in the period<span class=\"_ _2d8\"> </span>Assets for r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts consist of the asset for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age (\u201c<span class=\"_ _2\"></span>ARC\u201d) and the asset for incurr<span class=\"_ _0\"></span>ed claims (\u201c<span class=\"_ _2\"></span>AIC\u201d) being the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers\u2019<span class=\"_ _2\"></span> share of c<span class=\"_ _0\"></span>laims that have alr<span class=\"_ _c\"></span>eady been incurred.<span class=\"_ _2d8\"> </span>For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> the risk adjustment for non-financial risk pr<span class=\"_ _c\"></span>esents the amount of risk being transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _c\"></span>oup to the<span class=\"_ gs41\"> </span>r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>er<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>Asse<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or insur<span class=\"_ _c\"></span>ance acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n cash<span class=\"_ _0\"></span> flo<span class=\"_ _0\"></span>ws<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup includes the following acquisition cash flo<span class=\"_ _0\"></span>ws within the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act boundary that arise from selling<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> underwriting and starting a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts and that ar<span class=\"_ _0\"></span>e:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span>Costs dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o individual contracts and gr<span class=\"_ _c\"></span>oups of contracts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>Costs dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able to the portfolio of insur<span class=\"_ _c\"></span>ance contracts t<span class=\"_ _c\"></span>o which the group belongs<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e allocated on a r<span class=\"_ _c\"></span>easonable and consistent basis t<span class=\"_ _c\"></span>o measure the gr<span class=\"_ _c\"></span>oup of insurance contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance acquisition cash flows arising bef<span class=\"_ _c\"></span>ore the r<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _c\"></span>ecognised as an asset.<span class=\"_ _2\"></span> Insurance acquisition cash flows arise when the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e paid or when a liability is requir<span class=\"_ _c\"></span>ed to be r<span class=\"_ _c\"></span>ecognised under a standar<span class=\"_ _0\"></span>d other than IFRS 17.<span class=\"_ _2\"></span> Such an asset is r<span class=\"_ _0\"></span>ecognised for each gr<span class=\"_ _c\"></span>oup of contr<span class=\"_ _0\"></span>acts to which the insur<span class=\"_ _c\"></span>ance acquisition cash flows ar<span class=\"_ _c\"></span>e allocated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The asset is derecognised,<span class=\"_ _2\"></span> fully or partially<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the insurance acquisition cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e included in the measur<span class=\"_ _0\"></span>ement of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2d8\"> </span>Reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>abi<span class=\"_ _1\"></span>lity<span class=\"_ _0\"></span> assessment<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> if f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumstances indicat<span class=\"_ _c\"></span>e that an asset for insur<span class=\"_ _0\"></span>ance acquisition cash flows ma<span class=\"_ _0\"></span>y be impaired,<span class=\"_ _b\"></span> then<span class=\"_ _1\"></span> the<span class=\"_ gs41\"> </span>Gr<span class=\"_ _0\"></span>oup:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>Recognises an impairment loss in Pr<span class=\"_ _0\"></span>ofit or Loss so that the carrying amount of the asset does not exceed the expect<span class=\"_ _c\"></span>ed net cash inflow for<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>elated gr<span class=\"_ _c\"></span>oup<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the asset r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to futur<span class=\"_ _c\"></span>e rene<span class=\"_ _0\"></span>wals,<span class=\"_ _2\"></span> r<span class=\"_ _c\"></span>ecognises an impairment loss in Profit or L<span class=\"_ _c\"></span>oss to the ext<span class=\"_ _0\"></span>ent that it expects those insur<span class=\"_ _c\"></span>ance acquisition cash flows t<span class=\"_ _c\"></span>o exceed the net cash inflow f<span class=\"_ _0\"></span>or the expect<span class=\"_ _0\"></span>ed rene<span class=\"_ _0\"></span>wals and this e<span class=\"_ _0\"></span>xcess has not alr<span class=\"_ _0\"></span>eady been recognised as an impairment loss under (a)<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup rev<span class=\"_ _c\"></span>erses any impairment losses in Pr<span class=\"_ _c\"></span>ofit or Loss and incr<span class=\"_ _0\"></span>eases the carrying amount of the asset to the ext<span class=\"_ _c\"></span>ent that the impairment conditions hav<span class=\"_ _0\"></span>e impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>Modification and der<span class=\"_ _0\"></span>ecognition<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup derecognises insur<span class=\"_ _c\"></span>ance contracts when: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is extinguished (i.e.<span class=\"_ _2\"></span> when the obligation specified in the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act expir<span class=\"_ _c\"></span>es or is discharged or cancelled) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is modified and cer<span class=\"_ _1\"></span>tain additional crit<span class=\"_ _c\"></span>eria are met<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract is modified by the Gr<span class=\"_ _c\"></span>oup as a r<span class=\"_ _0\"></span>esult of an agreement with the count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties or due to a c<span class=\"_ _0\"></span>hange in r<span class=\"_ _0\"></span>egulations,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup treats changes in cash flo<span class=\"_ _0\"></span>ws caused by the modification as changes in estimat<span class=\"_ _c\"></span>es of the FCF<span class=\"_ _b\"></span>,<span class=\"_ _2\"></span> unless the conditions for the der<span class=\"_ _c\"></span>ecognition of the original contract ar<span class=\"_ _c\"></span>e met.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup derecognises the original contr<span class=\"_ _c\"></span>act and recognises the modified contr<span class=\"_ _c\"></span>act as a new contr<span class=\"_ _c\"></span>act if any of the f<span class=\"_ _0\"></span>ollowing conditions ar<span class=\"_ _c\"></span>e present:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the modified terms had been included at contr<span class=\"_ _c\"></span>act inception and the Gr<span class=\"_ _0\"></span>oup would hav<span class=\"_ _0\"></span>e concluded that the modified contr<span class=\"_ _c\"></span>act: <span class=\"_ _c9\"> </span>i.<span class=\"_ _c\"></span>  <span class=\"_ _7\"> </span>Is not in scope of IFRS 17 <span class=\"_ _c9\"> </span>ii.<span class=\"_ _c\"></span>  <span class=\"_ _3\"> </span>Results in diff<span class=\"_ _c\"></span>erent separ<span class=\"_ _c\"></span>able components <span class=\"_ _c9\"> </span>iii.<span class=\"_ _c\"></span>  <span class=\"_ _0\"></span>Results in a diff<span class=\"_ _c\"></span>erent contr<span class=\"_ _c\"></span>act boundar<span class=\"_ _1\"></span>y <span class=\"_ _c9\"> </span>iv<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span>  Belongs to a dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent group of contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>The original contr<span class=\"_ _c\"></span>act was accounted f<span class=\"_ _c\"></span>or under the P<span class=\"_ _c\"></span>AA,<span class=\"_ _2\"></span> but the modification means that the contract no longer meets the eligibility criteria f<span class=\"_ _c\"></span>or that approach<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract account<span class=\"_ _0\"></span>ed for under the P<span class=\"_ _2\"></span>AA is derecognised,<span class=\"_ _b\"></span> adjustments to the FCF t<span class=\"_ _0\"></span>o remo<span class=\"_ _c\"></span>ve r<span class=\"_ _0\"></span>elating rights and obligations,<span class=\"_ _2\"></span> and account f<span class=\"_ _0\"></span>or the eff<span class=\"_ _c\"></span>ect of the derecognition r<span class=\"_ _c\"></span>esult in the following amounts being char<span class=\"_ _c\"></span>ged immediately t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _0\"></span>act is extinguished,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the der<span class=\"_ _0\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC of the original contr<span class=\"_ _c\"></span>act and any other cash flows arising fr<span class=\"_ _c\"></span>om extinguishment<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _c\"></span>act is transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed to the thir<span class=\"_ _c\"></span>d par<span class=\"_ _1\"></span>ty<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net diff<span class=\"_ _c\"></span>erence betw<span class=\"_ _0\"></span>een the derecognised part of the LRC of the original contr<span class=\"_ _0\"></span>act and the pr<span class=\"_ _0\"></span>emium charged b<span class=\"_ _c\"></span>y the third party<span class=\"_ _2d8\"> </span>c.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the original contr<span class=\"_ _0\"></span>act is modified r<span class=\"_ _0\"></span>esulting in its der<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> any net dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the der<span class=\"_ _c\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC and the hypothetical pr<span class=\"_ _c\"></span>emium the entity would hav<span class=\"_ _0\"></span>e charged had it ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o a contr<span class=\"_ _c\"></span>act with equivalent terms as the ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>act at the date of the contr<span class=\"_ _c\"></span>act modification,<span class=\"_ _2\"></span> less any additional pr<span class=\"_ _c\"></span>emium charged f<span class=\"_ _0\"></span>or the modification<span class=\"_ _2d8\"> </span>(iv<span class=\"_ _c\"></span>) Presentation<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has present<span class=\"_ _0\"></span>ed separ<span class=\"_ _0\"></span>ately<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> in the Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the carrying amount of por<span class=\"_ _1\"></span>tfolios of insur<span class=\"_ _c\"></span>ance contracts issued<span class=\"_ _0\"></span> and portfolios of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has elected to disaggr<span class=\"_ _c\"></span>egate part of the mov<span class=\"_ _0\"></span>ement in LIC r<span class=\"_ _0\"></span>esulting fr<span class=\"_ _0\"></span>om the changes in discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and pr<span class=\"_ _0\"></span>esent this in the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup disaggregat<span class=\"_ _c\"></span>es the tot<span class=\"_ _0\"></span>al amount r<span class=\"_ _0\"></span>ecognised in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income int<span class=\"_ _0\"></span>o an insur<span class=\"_ _0\"></span>ance service result,<span class=\"_ _2\"></span> comprising insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue and insur<span class=\"_ _0\"></span>ance service expense,<span class=\"_ _2\"></span> and insur<span class=\"_ _0\"></span>ance finance income or expenses.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup does not disaggregat<span class=\"_ _0\"></span>e the change in risk adjustment for non-financial risk betw<span class=\"_ _0\"></span>een a financial and non-financial portion and includes the entir<span class=\"_ _0\"></span>e change as part of the insurance service r<span class=\"_ _0\"></span>esult.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup separat<span class=\"_ _0\"></span>ely pr<span class=\"_ _0\"></span>esents income or expenses fr<span class=\"_ _c\"></span>om reinsur<span class=\"_ _c\"></span>ance contracts held fr<span class=\"_ _c\"></span>om the expenses or income fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ gs41\"> </span>issued.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>NCE C<span class=\"_ _1\"></span>ONTR<span class=\"_ _1\"></span>ACTS I<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UE<span class=\"_ _1\"></span>D<span class=\"_ _2d8\"> </span>Insurance rev<span class=\"_ _0\"></span>enue<span class=\"_ _2d8\"> </span>As the Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>ovides insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act services under the group of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> it reduces the LRC and r<span class=\"_ _c\"></span>ecognises insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of pr<span class=\"_ _c\"></span>omised ser<span class=\"_ _1\"></span>vices at an amount that r<span class=\"_ _0\"></span>eflects the portion of consideration that the Gr<span class=\"_ _c\"></span>oup expects to be entitled t<span class=\"_ _c\"></span>o in exchange for those services.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures all insur<span class=\"_ _c\"></span>ance contracts under the P<span class=\"_ _2\"></span>AA and recognises insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue based on the passage of time ov<span class=\"_ _c\"></span>er the cov<span class=\"_ _c\"></span>erage period of a gr<span class=\"_ _c\"></span>oup of contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insurance service expenses<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance service expenses include the follo<span class=\"_ _c\"></span>wing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims and benefits <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to futur<span class=\"_ _c\"></span>e service \u2013 changes in the FCF that result in oner<span class=\"_ _c\"></span>ous contract losses or r<span class=\"_ _c\"></span>eversals of those losses<span class=\"_ _2d8\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws is based on the passage of time.<span class=\"_ _2d8\"> </span>Other expenses not meeting the abo<span class=\"_ _0\"></span>ve cat<span class=\"_ _c\"></span>egories are included in other oper<span class=\"_ _c\"></span>ating expenses in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E CON<span class=\"_ _1\"></span>TR<span class=\"_ _1\"></span>ACTS HE<span class=\"_ _1\"></span>LD<span class=\"_ _2d8\"> </span>Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _2\"></span>) from reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup presents separ<span class=\"_ _c\"></span>ately on the face of the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income,<span class=\"_ _2\"></span> the amounts expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers,<span class=\"_ _2\"></span> and an allocation of the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The net income/(expense) fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held comprise: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>For gr<span class=\"_ _c\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er fees ar<span class=\"_ _c\"></span>e included within reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hanges in the risk of r<span class=\"_ _0\"></span>einsurers\u2019<span class=\"_ _b\"></span> non-performance <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls3\">Amounts r<span class=\"_ _0\"></span>elating to accounting f<span class=\"_ _c\"></span>or onerous gr<span class=\"_ _c\"></span>oups of underlying insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></span>Reinsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _c\"></span>e recognised similarly t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of r<span class=\"_ _c\"></span>eceived insur<span class=\"_ _c\"></span>ance contract services at an amount that r<span class=\"_ _0\"></span>eflects the portion of ceding premiums that the Gr<span class=\"_ _0\"></span>oup expects t<span class=\"_ _0\"></span>o pay in exchange f<span class=\"_ _c\"></span>or those ser<span class=\"_ _1\"></span>vices.<span class=\"_ _2\"></span> Br<span class=\"_ _c\"></span>oker f<span class=\"_ _0\"></span>ees ar<span class=\"_ _0\"></span>e included in r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses.<span class=\"_ _b\"></span> All gr<span class=\"_ _0\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed under the P<span class=\"_ _c\"></span>AA and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised based on the passage of time ov<span class=\"_ _c\"></span>er the cover<span class=\"_ _c\"></span>age period of a group of contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S AN<span class=\"_ _1\"></span>D OTH<span class=\"_ _1\"></span>ER C<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>EH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>IVE I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>INSUR<span class=\"_ _1\"></span>ANCE FINANCE<span class=\"_ _0\"></span> INCOME OR EX<span class=\"_ _0\"></span>PEN<span class=\"_ _1\"></span>SES<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance finance income or expenses comprise the change in the carrying amount of the gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of the time value of mone<span class=\"_ _0\"></span>y and changes in the time value of mone<span class=\"_ _c\"></span>y <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of financial risk and changes in financial risk<span class=\"_ _2d8\"> </span>For contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> the main amounts within insurance finance income or e<span class=\"_ _0\"></span>xpenses ar<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed on the LIC<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _6\"> </span>The ef<span class=\"_ _c\"></span>fect of changes in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates and other financial assumptions<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup disaggregat<span class=\"_ _0\"></span>es insur<span class=\"_ _0\"></span>ance finance income or expenses on mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts issued between Pr<span class=\"_ _c\"></span>ofit or Loss and OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has made an accounting policy choice t<span class=\"_ _0\"></span>o disaggr<span class=\"_ _0\"></span>egate insur<span class=\"_ _c\"></span>ance finance income or expenses for the period t<span class=\"_ _c\"></span>o include within OCI an amount which r<span class=\"_ _0\"></span>eflects the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the carrying amount of a group of contr<span class=\"_ _c\"></span>acts and the amount that the group w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e been measur<span class=\"_ _0\"></span>ed at using the discount r<span class=\"_ _0\"></span>ates in ef<span class=\"_ _c\"></span>fect on initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> effectiv<span class=\"_ _c\"></span>ely reflecting the impact of discount r<span class=\"_ _c\"></span>ate changes on the opening liability for incurr<span class=\"_ _c\"></span>ed claims thr<span class=\"_ _0\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The amount r<span class=\"_ _0\"></span>ecognised in Other Compr<span class=\"_ _0\"></span>ehensive Income o<span class=\"_ _c\"></span>ver the dur<span class=\"_ _0\"></span>ation of a gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts will always t<span class=\"_ _c\"></span>otal zer<span class=\"_ _c\"></span>o.<span class=\"_ _2d8\"> </span>The impact of changes in mark<span class=\"_ _c\"></span>et inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on the v<span class=\"_ _c\"></span>alue of the insurance assets and liabilities ar<span class=\"_ _c\"></span>e reflect<span class=\"_ _0\"></span>ed in OCI in or<span class=\"_ _0\"></span>der to minimise<span class=\"_ _0\"></span> accounting mismatches between the accounting f<span class=\"_ _c\"></span>or financial assets and insurance assets and liabilities.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets backing the mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olios ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>edominantly measured at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span>RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Notes 3.6 and 3.7 f<span class=\"_ _0\"></span>or detail on risks r<span class=\"_ _c\"></span>elating to insur<span class=\"_ _c\"></span>ance liabilities and reinsur<span class=\"_ _c\"></span>ance assets,<span class=\"_ _2\"></span> and the management thereof<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-366": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>For the purpose of this accounting policy<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the term <span class=\"ff2\">\u2018mot<span class=\"_ _0\"></span>or insurance\u2019<span class=\"ff4\"> co<span class=\"_ _c\"></span>vers all the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which <span class=\"ff2 ws109\">includes <span class=\"_ _8\"></span>Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> </span></span></span>Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>axi insurance<span class=\"ff4\">.<span class=\"_ _2d8\"> </span></span>A. INSURANCE AND<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EINSUR<span class=\"_ _1\"></span>ANC<span class=\"_ _0\"></span>E CON<span class=\"_ _0\"></span>TRA<span class=\"_ _0\"></span>CTS<span class=\"_ _0\"></span> CLASSIFICA<span class=\"_ _2\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues insurance contr<span class=\"_ _c\"></span>acts in the normal course of business,<span class=\"_ _2\"></span> under which it accepts significant insur<span class=\"_ _0\"></span>ance risk fr<span class=\"_ _0\"></span>om a policyholder <span class=\"_ _0\"></span> by agr<span class=\"_ _c\"></span>eeing to compensat<span class=\"_ _0\"></span>e the policyholder if a specified uncertain futur<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent adversely af<span class=\"_ _c\"></span>fects the policyholder<span class=\"_ _2\"></span>.<span class=\"_ _c\"></span> As a gener<span class=\"_ _0\"></span>al guideline,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup determines whether it has significant insur<span class=\"_ _0\"></span>ance risk,<span class=\"_ _2\"></span> by comparing benefits pay<span class=\"_ _c\"></span>able after an insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent with benefits pay<span class=\"_ _0\"></span>able if the insured e<span class=\"_ _0\"></span>vent did not occur<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only non-life insur<span class=\"_ _0\"></span>ance to individuals and businesses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Non-life insur<span class=\"_ _c\"></span>ance pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup are Mot<span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>These pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>er prot<span class=\"_ _0\"></span>ection of a policyholder\u2019<span class=\"_ _2\"></span>s assets and indemnification of other par<span class=\"_ _1\"></span>ties that hav<span class=\"_ _0\"></span>e suf<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ed<span class=\"_ gs41\"> </span>damage as a result of a policyholder\u2019<span class=\"_ _2\"></span>s accident.<span class=\"_ _2d8\"> </span>In the normal course of business,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup uses reinsur<span class=\"_ _c\"></span>ance to mitigat<span class=\"_ _0\"></span>e its risk exposur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> A r<span class=\"_ _c\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act tr<span class=\"_ _0\"></span>ansfers significant risks if it<span class=\"_ gs41\"> </span>tr<span class=\"_ _0\"></span>ansfers subst<span class=\"_ _c\"></span>antially all of the insurance risk r<span class=\"_ _c\"></span>esulting from the insur<span class=\"_ _c\"></span>ed por<span class=\"_ _1\"></span>tion of the underlying insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> e<span class=\"_ _0\"></span>ven if it does not expose<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>einsurer t<span class=\"_ _0\"></span>o the possibility of a significant loss.<span class=\"_ _2d8\"> </span>B. IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE AN<span class=\"_ _1\"></span>D REI<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE CONTR<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>CTS ACCOUNTING TR<span class=\"_ _1\"></span>EA<span class=\"_ _0\"></span>TME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>(i<span class=\"_ _0\"></span>) Separating componen<span class=\"_ _0\"></span>ts from insurance<span class=\"_ _0\"></span> and reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup assesses its non-life insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>oducts to det<span class=\"_ _c\"></span>ermine whether they contain distinct components which m<span class=\"_ _c\"></span>ust be accounted f<span class=\"_ _c\"></span>or under another IFRS instead of under IFRS 17.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>After separ<span class=\"_ _c\"></span>ating any distinct components,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup applies IFRS 17 to all r<span class=\"_ _0\"></span>emaining components of the (host) insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act.<span class=\"_ _2\"></span> Curr<span class=\"_ _0\"></span>ently<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products do not inc<span class=\"_ _0\"></span>lude any distinct components that r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e separ<span class=\"_ _0\"></span>ation.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _0\"></span>) A<span class=\"_ _0\"></span>ggregation and<span class=\"_ _0\"></span> recognition of<span class=\"_ _0\"></span> insurance and<span class=\"_ _0\"></span> reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>I<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e aggr<span class=\"_ _0\"></span>egated int<span class=\"_ _c\"></span>o groups f<span class=\"_ _0\"></span>or measur<span class=\"_ _0\"></span>ement purposes.<span class=\"_ _2\"></span> Gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts are det<span class=\"_ _c\"></span>ermined by identifying portfolios of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> each comprising contr<span class=\"_ _c\"></span>acts subject to similar risks and managed t<span class=\"_ _0\"></span>ogether<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and dividing each portfolio into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts (i.e.<span class=\"_ _2\"></span> by y<span class=\"_ _0\"></span>ear of issue) and each annual cohort into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous subsequently <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>emaining contr<span class=\"_ _0\"></span>acts in the annual cohort<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts it issues from the earliest of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When the first payment fr<span class=\"_ _c\"></span>om a policyholder in the group becomes due or when the first pa<span class=\"_ _0\"></span>yment is r<span class=\"_ _0\"></span>eceived if ther<span class=\"_ _c\"></span>e is no due date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate that the contr<span class=\"_ _c\"></span>act is onerous<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _c\"></span>ofitability of gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts is assessed by actuarial v<span class=\"_ _c\"></span>aluation models that tak<span class=\"_ _0\"></span>e into consider<span class=\"_ _c\"></span>ation existing and new business.<span class=\"_ _b\"></span> The Gr<span class=\"_ _c\"></span>oup assumes that no contracts in the portfolio ar<span class=\"_ _c\"></span>e onerous at initial r<span class=\"_ _c\"></span>ecognition unless facts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate otherwise.<span class=\"_ _2\"></span> For contr<span class=\"_ _c\"></span>acts that are not oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup assesses,<span class=\"_ _2\"></span> at initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> that there is no significant possibility of becoming oner<span class=\"_ _0\"></span>ous subsequently by assessing the lik<span class=\"_ _c\"></span>elihood of changes in applicable facts and cir<span class=\"_ _c\"></span>cumstances.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers facts and<span class=\"_ _0\"></span> cir<span class=\"_ _0\"></span>cumstances t<span class=\"_ _c\"></span>o identify whether a group of contr<span class=\"_ _c\"></span>acts are oner<span class=\"_ _c\"></span>ous based on:<span class=\"_ _c\"></span>  <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Pricing inf<span class=\"_ _0\"></span>ormation <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Results of similar contr<span class=\"_ _c\"></span>acts it has recognised <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>En<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onmental f<span class=\"_ _c\"></span>actors,<span class=\"_ _2\"></span> e.g<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> a change in mark<span class=\"_ _0\"></span>et experience or r<span class=\"_ _0\"></span>egulations<span class=\"_ _2d8\"> </span>Reinsurance<span class=\"_ _c\"></span> contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Some r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts pr<span class=\"_ _0\"></span>ovide co<span class=\"_ _c\"></span>ver for underlying contr<span class=\"_ _c\"></span>acts that are included in dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent groups.<span class=\"_ _b\"></span> Howev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Group concludes that the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act\u2019<span class=\"_ _2\"></span>s legal form of a single contr<span class=\"_ _c\"></span>act reflects the subst<span class=\"_ _0\"></span>ance of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s contractual rights and obligations<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> considering that the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent covers lapse t<span class=\"_ _c\"></span>ogether and are not sold separ<span class=\"_ _c\"></span>ately<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a result,<span class=\"_ _b\"></span> the reinsur<span class=\"_ _c\"></span>ance contract is not separ<span class=\"_ _c\"></span>ated int<span class=\"_ _0\"></span>o multiple insur<span class=\"_ _c\"></span>ance components that relat<span class=\"_ _c\"></span>e to dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent underlying groups<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts held at the earlier of the f<span class=\"_ _0\"></span>ollowing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The dat<span class=\"_ _c\"></span>e the Group r<span class=\"_ _c\"></span>ecognises an onerous gr<span class=\"_ _c\"></span>oup of underlying insurance contr<span class=\"_ _c\"></span>acts if the Group ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act held in the gr<span class=\"_ _0\"></span>oup of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held at or befor<span class=\"_ _c\"></span>e that date<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _1\"></span>i) Me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _2d8\"> </span>Summary of<span class=\"_ _0\"></span> measuremen<span class=\"_ _0\"></span>t appr<span class=\"_ _0\"></span>oaches<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup uses the following measur<span class=\"_ _c\"></span>ement approaches t<span class=\"_ _c\"></span>o its insurance and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span><table class=\"s w1bc h73\" id=\"_55360455-9856-4c92-9e21-664a1f84c7a1\"><tr><td></td><td class=\"c n x380 y2580 w1bd h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Product classification<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x381 y2580 w1be h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Measurement model<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2581 ff2 fs7 fc2 sc0 lsad ws7c\">Insurance contracts issued<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2582 w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x383 y2582 w1c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x384 y2582 w1c1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _2\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2583 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w1c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance \u2013 excess of loss r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x385 y24bc w1c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsurance contr<span class=\"_ _c\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x386 y24bc w1c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _c\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup applies the premium allocation appr<span class=\"_ _c\"></span>oach to all the insur<span class=\"_ _c\"></span>ance contracts that it issues and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts that it holds,<span class=\"_ _2\"></span> as the cov<span class=\"_ _c\"></span>erage period of each contr<span class=\"_ _c\"></span>act in the group is one y<span class=\"_ _c\"></span>ear or less,<span class=\"_ _2\"></span> including insurance contr<span class=\"_ _c\"></span>act services arising from all pr<span class=\"_ _c\"></span>emiums within the contr<span class=\"_ _0\"></span>act boundary<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not expect significant variability in the fulfilment cash flo<span class=\"_ _0\"></span>ws that would af<span class=\"_ _0\"></span>fect the measur<span class=\"_ _c\"></span>ement of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age during the period befor<span class=\"_ _c\"></span>e a claim is incurred.<span class=\"_ _2d8\"> </span>All the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance contr<span class=\"_ _c\"></span>acts have a co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of one year or less.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance contracts held ar<span class=\"_ _c\"></span>e excess of loss contr<span class=\"_ _0\"></span>acts and ar<span class=\"_ _0\"></span>e loss occurring.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group does not issue an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d) is measured at: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span> <span class=\"_ _26\"></span>The pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus an<span class=\"_ _c\"></span>y insurance acquisition cash flo<span class=\"_ _0\"></span>ws allocat<span class=\"_ _0\"></span>ed to the gr<span class=\"_ _c\"></span>oup at that date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Adjust<span class=\"_ _0\"></span>ed for an<span class=\"_ _c\"></span>y amount arising from the der<span class=\"_ _c\"></span>ecognition of any assets or liabilities pr<span class=\"_ _c\"></span>eviously r<span class=\"_ _0\"></span>ecognised for cash flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>elated t<span class=\"_ _c\"></span>o the gr<span class=\"_ _0\"></span>oup (including assets f<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance acquisition cash flows) The Gr<span class=\"_ _c\"></span>oup has chosen not to expense insur<span class=\"_ _c\"></span>ance acquisition cash flows when they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>Subsequently<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span> the Gr<span class=\"_ _c\"></span>oup measures the carrying amount of the LRC at the end of each r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period as the LRC at the beginning of the period: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus insur<span class=\"_ _c\"></span>ance acquisition cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus an<span class=\"_ _0\"></span>y amounts r<span class=\"_ _0\"></span>elating to the amortisation of insur<span class=\"_ _0\"></span>ance acquisition cash flows r<span class=\"_ _c\"></span>ecognised as an expense in the r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus the amount r<span class=\"_ _c\"></span>ecognised as insurance r<span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>enue f<span class=\"_ _0\"></span>or the services pro<span class=\"_ _0\"></span>vided in the period<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup expects that the time between pr<span class=\"_ _c\"></span>oviding each part of the ser<span class=\"_ _1\"></span>vices and the r<span class=\"_ _0\"></span>elated pr<span class=\"_ _c\"></span>emium due date is no mor<span class=\"_ _c\"></span>e than a year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Accordingly<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group has chosen not t<span class=\"_ _c\"></span>o adjust the liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect the time value of mone<span class=\"_ _0\"></span>y and the eff<span class=\"_ _c\"></span>ect of financial risk.<span class=\"_ _2d8\"> </span>If at an<span class=\"_ _0\"></span>y time during the cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age period,<span class=\"_ _2\"></span> facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e that a group of contr<span class=\"_ _c\"></span>acts is onerous<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> then the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecognises a loss in Pr<span class=\"_ _0\"></span>ofit or Loss and incr<span class=\"_ _c\"></span>eases the liability for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age to the ext<span class=\"_ _c\"></span>ent that the current estimat<span class=\"_ _c\"></span>es of the fulfilment cash flows that r<span class=\"_ _c\"></span>elate t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age exceed the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discounted (at curr<span class=\"_ _c\"></span>ent rat<span class=\"_ _c\"></span>es) if the liability for incurr<span class=\"_ _0\"></span>ed claims is also discount<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises the liability f<span class=\"_ _0\"></span>or incurr<span class=\"_ _0\"></span>ed claims (\u201cLIC\u201d) of a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts at the amount of the fulfilment cash flows (\u201cFCF\u201d) r<span class=\"_ _0\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed (at current r<span class=\"_ _c\"></span>ates) unless the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be paid in one year or less fr<span class=\"_ _c\"></span>om the date the claims ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>The carrying amount of a group of insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts issued at the end of each r<span class=\"_ _0\"></span>eporting period is the sum of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ws10b\"> The <span class=\"_ _10\"> </span>LRC</span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The LIC<span class=\"_ _2d8\"> </span>Ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt for n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>al ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>An explicit risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is estimated separ<span class=\"_ _c\"></span>ate fr<span class=\"_ _c\"></span>om the other estimates.<span class=\"_ _b\"></span> Unless contracts ar<span class=\"_ _c\"></span>e onerous,<span class=\"_ _b\"></span> the explicit risk adjustment for non-financial risk is only estimat<span class=\"_ _c\"></span>ed for the measur<span class=\"_ _0\"></span>ement of the LIC.<span class=\"_ _2d8\"> </span>This risk adjustment r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the compensation that the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing the uncertainty about the amount and timing of cash flows that arise fr<span class=\"_ _c\"></span>om non-financial risk.<span class=\"_ _2\"></span> Non-financial risk is risk arising from insur<span class=\"_ _c\"></span>ance contracts other than financial risk,<span class=\"_ _b\"></span> which is included in the estimat<span class=\"_ _0\"></span>es of futur<span class=\"_ _0\"></span>e cash flows or the discount r<span class=\"_ _c\"></span>ate used t<span class=\"_ _0\"></span>o adjust the cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risks cov<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the risk adjustment for non-financial risk ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance risk and other non-financial risks such as lapse risk and expense risk.<span class=\"_ _2d8\"> </span>The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk for insur<span class=\"_ _c\"></span>ance contracts measur<span class=\"_ _c\"></span>es the compensation that the Group w<span class=\"_ _c\"></span>ould requir<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o make it<span class=\"_ _0\"></span> indif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent between: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that has a r<span class=\"_ _c\"></span>ange of possible outcomes arising from non-financial risk <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that will gener<span class=\"_ _c\"></span>ate fix<span class=\"_ _0\"></span>ed cash flows with the same expect<span class=\"_ _c\"></span>ed present v<span class=\"_ _0\"></span>alue as the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Reinsurance cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s held<span class=\"_ _2d8\"> </span>The excess of loss r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held pro<span class=\"_ _c\"></span>vide cover<span class=\"_ _c\"></span>age on the motor insur<span class=\"_ _c\"></span>ance contracts originat<span class=\"_ _c\"></span>ed for claims incurr<span class=\"_ _0\"></span>ed during an accident year and ar<span class=\"_ _c\"></span>e accounted f<span class=\"_ _0\"></span>or under the P<span class=\"_ _c\"></span>AA.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group measur<span class=\"_ _c\"></span>es its reinsur<span class=\"_ _c\"></span>ance assets for a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts that it holds on the same basis as insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts that it issues.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age at the amount of ceding pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> at each of the subsequent r<span class=\"_ _0\"></span>eporting dates,<span class=\"_ _2\"></span> the r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age is: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incr<span class=\"_ _c\"></span>eased for ceding pr<span class=\"_ _0\"></span>emiums paid in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Decr<span class=\"_ _c\"></span>eased for the amounts of ceding pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>ecognised as reinsur<span class=\"_ _c\"></span>ance expenses f<span class=\"_ _0\"></span>or the services receiv<span class=\"_ _0\"></span>ed in the period<span class=\"_ _2d8\"> </span>Assets for r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts consist of the asset for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age (\u201c<span class=\"_ _2\"></span>ARC\u201d) and the asset for incurr<span class=\"_ _0\"></span>ed claims (\u201c<span class=\"_ _2\"></span>AIC\u201d) being the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers\u2019<span class=\"_ _2\"></span> share of c<span class=\"_ _0\"></span>laims that have alr<span class=\"_ _c\"></span>eady been incurred.<span class=\"_ _2d8\"> </span>For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> the risk adjustment for non-financial risk pr<span class=\"_ _c\"></span>esents the amount of risk being transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _c\"></span>oup to the<span class=\"_ gs41\"> </span>r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>er<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>Asse<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or insur<span class=\"_ _c\"></span>ance acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n cash<span class=\"_ _0\"></span> flo<span class=\"_ _0\"></span>ws<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup includes the following acquisition cash flo<span class=\"_ _0\"></span>ws within the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act boundary that arise from selling<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> underwriting and starting a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts and that ar<span class=\"_ _0\"></span>e:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span>Costs dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o individual contracts and gr<span class=\"_ _c\"></span>oups of contracts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>Costs dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able to the portfolio of insur<span class=\"_ _c\"></span>ance contracts t<span class=\"_ _c\"></span>o which the group belongs<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e allocated on a r<span class=\"_ _c\"></span>easonable and consistent basis t<span class=\"_ _c\"></span>o measure the gr<span class=\"_ _c\"></span>oup of insurance contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance acquisition cash flows arising bef<span class=\"_ _c\"></span>ore the r<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _c\"></span>ecognised as an asset.<span class=\"_ _2\"></span> Insurance acquisition cash flows arise when the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e paid or when a liability is requir<span class=\"_ _c\"></span>ed to be r<span class=\"_ _c\"></span>ecognised under a standar<span class=\"_ _0\"></span>d other than IFRS 17.<span class=\"_ _2\"></span> Such an asset is r<span class=\"_ _0\"></span>ecognised for each gr<span class=\"_ _c\"></span>oup of contr<span class=\"_ _0\"></span>acts to which the insur<span class=\"_ _c\"></span>ance acquisition cash flows ar<span class=\"_ _c\"></span>e allocated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The asset is derecognised,<span class=\"_ _2\"></span> fully or partially<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the insurance acquisition cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e included in the measur<span class=\"_ _0\"></span>ement of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2d8\"> </span>Reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>abi<span class=\"_ _1\"></span>lity<span class=\"_ _0\"></span> assessment<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> if f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumstances indicat<span class=\"_ _c\"></span>e that an asset for insur<span class=\"_ _0\"></span>ance acquisition cash flows ma<span class=\"_ _0\"></span>y be impaired,<span class=\"_ _b\"></span> then<span class=\"_ _1\"></span> the<span class=\"_ gs41\"> </span>Gr<span class=\"_ _0\"></span>oup:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>Recognises an impairment loss in Pr<span class=\"_ _0\"></span>ofit or Loss so that the carrying amount of the asset does not exceed the expect<span class=\"_ _c\"></span>ed net cash inflow for<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>elated gr<span class=\"_ _c\"></span>oup<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the asset r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to futur<span class=\"_ _c\"></span>e rene<span class=\"_ _0\"></span>wals,<span class=\"_ _2\"></span> r<span class=\"_ _c\"></span>ecognises an impairment loss in Profit or L<span class=\"_ _c\"></span>oss to the ext<span class=\"_ _0\"></span>ent that it expects those insur<span class=\"_ _c\"></span>ance acquisition cash flows t<span class=\"_ _c\"></span>o exceed the net cash inflow f<span class=\"_ _0\"></span>or the expect<span class=\"_ _0\"></span>ed rene<span class=\"_ _0\"></span>wals and this e<span class=\"_ _0\"></span>xcess has not alr<span class=\"_ _0\"></span>eady been recognised as an impairment loss under (a)<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup rev<span class=\"_ _c\"></span>erses any impairment losses in Pr<span class=\"_ _c\"></span>ofit or Loss and incr<span class=\"_ _0\"></span>eases the carrying amount of the asset to the ext<span class=\"_ _c\"></span>ent that the impairment conditions hav<span class=\"_ _0\"></span>e impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>Modification and der<span class=\"_ _0\"></span>ecognition<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup derecognises insur<span class=\"_ _c\"></span>ance contracts when: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is extinguished (i.e.<span class=\"_ _2\"></span> when the obligation specified in the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act expir<span class=\"_ _c\"></span>es or is discharged or cancelled) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is modified and cer<span class=\"_ _1\"></span>tain additional crit<span class=\"_ _c\"></span>eria are met<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract is modified by the Gr<span class=\"_ _c\"></span>oup as a r<span class=\"_ _0\"></span>esult of an agreement with the count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties or due to a c<span class=\"_ _0\"></span>hange in r<span class=\"_ _0\"></span>egulations,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup treats changes in cash flo<span class=\"_ _0\"></span>ws caused by the modification as changes in estimat<span class=\"_ _c\"></span>es of the FCF<span class=\"_ _b\"></span>,<span class=\"_ _2\"></span> unless the conditions for the der<span class=\"_ _c\"></span>ecognition of the original contract ar<span class=\"_ _c\"></span>e met.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup derecognises the original contr<span class=\"_ _c\"></span>act and recognises the modified contr<span class=\"_ _c\"></span>act as a new contr<span class=\"_ _c\"></span>act if any of the f<span class=\"_ _0\"></span>ollowing conditions ar<span class=\"_ _c\"></span>e present:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the modified terms had been included at contr<span class=\"_ _c\"></span>act inception and the Gr<span class=\"_ _0\"></span>oup would hav<span class=\"_ _0\"></span>e concluded that the modified contr<span class=\"_ _c\"></span>act: <span class=\"_ _c9\"> </span>i.<span class=\"_ _c\"></span>  <span class=\"_ _7\"> </span>Is not in scope of IFRS 17 <span class=\"_ _c9\"> </span>ii.<span class=\"_ _c\"></span>  <span class=\"_ _3\"> </span>Results in diff<span class=\"_ _c\"></span>erent separ<span class=\"_ _c\"></span>able components <span class=\"_ _c9\"> </span>iii.<span class=\"_ _c\"></span>  <span class=\"_ _0\"></span>Results in a diff<span class=\"_ _c\"></span>erent contr<span class=\"_ _c\"></span>act boundar<span class=\"_ _1\"></span>y <span class=\"_ _c9\"> </span>iv<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span>  Belongs to a dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent group of contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>The original contr<span class=\"_ _c\"></span>act was accounted f<span class=\"_ _c\"></span>or under the P<span class=\"_ _c\"></span>AA,<span class=\"_ _2\"></span> but the modification means that the contract no longer meets the eligibility criteria f<span class=\"_ _c\"></span>or that approach<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract account<span class=\"_ _0\"></span>ed for under the P<span class=\"_ _2\"></span>AA is derecognised,<span class=\"_ _b\"></span> adjustments to the FCF t<span class=\"_ _0\"></span>o remo<span class=\"_ _c\"></span>ve r<span class=\"_ _0\"></span>elating rights and obligations,<span class=\"_ _2\"></span> and account f<span class=\"_ _0\"></span>or the eff<span class=\"_ _c\"></span>ect of the derecognition r<span class=\"_ _c\"></span>esult in the following amounts being char<span class=\"_ _c\"></span>ged immediately t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _0\"></span>act is extinguished,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the der<span class=\"_ _0\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC of the original contr<span class=\"_ _c\"></span>act and any other cash flows arising fr<span class=\"_ _c\"></span>om extinguishment<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _c\"></span>act is transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed to the thir<span class=\"_ _c\"></span>d par<span class=\"_ _1\"></span>ty<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net diff<span class=\"_ _c\"></span>erence betw<span class=\"_ _0\"></span>een the derecognised part of the LRC of the original contr<span class=\"_ _0\"></span>act and the pr<span class=\"_ _0\"></span>emium charged b<span class=\"_ _c\"></span>y the third party<span class=\"_ _2d8\"> </span>c.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the original contr<span class=\"_ _0\"></span>act is modified r<span class=\"_ _0\"></span>esulting in its der<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> any net dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the der<span class=\"_ _c\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC and the hypothetical pr<span class=\"_ _c\"></span>emium the entity would hav<span class=\"_ _0\"></span>e charged had it ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o a contr<span class=\"_ _c\"></span>act with equivalent terms as the ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>act at the date of the contr<span class=\"_ _c\"></span>act modification,<span class=\"_ _2\"></span> less any additional pr<span class=\"_ _c\"></span>emium charged f<span class=\"_ _0\"></span>or the modification<span class=\"_ _2d8\"> </span>(iv<span class=\"_ _c\"></span>) Presentation<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has present<span class=\"_ _0\"></span>ed separ<span class=\"_ _0\"></span>ately<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> in the Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the carrying amount of por<span class=\"_ _1\"></span>tfolios of insur<span class=\"_ _c\"></span>ance contracts issued<span class=\"_ _0\"></span> and portfolios of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has elected to disaggr<span class=\"_ _c\"></span>egate part of the mov<span class=\"_ _0\"></span>ement in LIC r<span class=\"_ _0\"></span>esulting fr<span class=\"_ _0\"></span>om the changes in discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and pr<span class=\"_ _0\"></span>esent this in the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup disaggregat<span class=\"_ _c\"></span>es the tot<span class=\"_ _0\"></span>al amount r<span class=\"_ _0\"></span>ecognised in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income int<span class=\"_ _0\"></span>o an insur<span class=\"_ _0\"></span>ance service result,<span class=\"_ _2\"></span> comprising insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue and insur<span class=\"_ _0\"></span>ance service expense,<span class=\"_ _2\"></span> and insur<span class=\"_ _0\"></span>ance finance income or expenses.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup does not disaggregat<span class=\"_ _0\"></span>e the change in risk adjustment for non-financial risk betw<span class=\"_ _0\"></span>een a financial and non-financial portion and includes the entir<span class=\"_ _0\"></span>e change as part of the insurance service r<span class=\"_ _0\"></span>esult.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup separat<span class=\"_ _0\"></span>ely pr<span class=\"_ _0\"></span>esents income or expenses fr<span class=\"_ _c\"></span>om reinsur<span class=\"_ _c\"></span>ance contracts held fr<span class=\"_ _c\"></span>om the expenses or income fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ gs41\"> </span>issued.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>NCE C<span class=\"_ _1\"></span>ONTR<span class=\"_ _1\"></span>ACTS I<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UE<span class=\"_ _1\"></span>D<span class=\"_ _2d8\"> </span>Insurance rev<span class=\"_ _0\"></span>enue<span class=\"_ _2d8\"> </span>As the Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>ovides insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act services under the group of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> it reduces the LRC and r<span class=\"_ _c\"></span>ecognises insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of pr<span class=\"_ _c\"></span>omised ser<span class=\"_ _1\"></span>vices at an amount that r<span class=\"_ _0\"></span>eflects the portion of consideration that the Gr<span class=\"_ _c\"></span>oup expects to be entitled t<span class=\"_ _c\"></span>o in exchange for those services.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures all insur<span class=\"_ _c\"></span>ance contracts under the P<span class=\"_ _2\"></span>AA and recognises insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue based on the passage of time ov<span class=\"_ _c\"></span>er the cov<span class=\"_ _c\"></span>erage period of a gr<span class=\"_ _c\"></span>oup of contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insurance service expenses<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance service expenses include the follo<span class=\"_ _c\"></span>wing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims and benefits <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to futur<span class=\"_ _c\"></span>e service \u2013 changes in the FCF that result in oner<span class=\"_ _c\"></span>ous contract losses or r<span class=\"_ _c\"></span>eversals of those losses<span class=\"_ _2d8\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws is based on the passage of time.<span class=\"_ _2d8\"> </span>Other expenses not meeting the abo<span class=\"_ _0\"></span>ve cat<span class=\"_ _c\"></span>egories are included in other oper<span class=\"_ _c\"></span>ating expenses in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E CON<span class=\"_ _1\"></span>TR<span class=\"_ _1\"></span>ACTS HE<span class=\"_ _1\"></span>LD<span class=\"_ _2d8\"> </span>Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _2\"></span>) from reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup presents separ<span class=\"_ _c\"></span>ately on the face of the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income,<span class=\"_ _2\"></span> the amounts expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers,<span class=\"_ _2\"></span> and an allocation of the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The net income/(expense) fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held comprise: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>For gr<span class=\"_ _c\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er fees ar<span class=\"_ _c\"></span>e included within reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hanges in the risk of r<span class=\"_ _0\"></span>einsurers\u2019<span class=\"_ _b\"></span> non-performance <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls3\">Amounts r<span class=\"_ _0\"></span>elating to accounting f<span class=\"_ _c\"></span>or onerous gr<span class=\"_ _c\"></span>oups of underlying insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></span>Reinsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _c\"></span>e recognised similarly t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of r<span class=\"_ _c\"></span>eceived insur<span class=\"_ _c\"></span>ance contract services at an amount that r<span class=\"_ _0\"></span>eflects the portion of ceding premiums that the Gr<span class=\"_ _0\"></span>oup expects t<span class=\"_ _0\"></span>o pay in exchange f<span class=\"_ _c\"></span>or those ser<span class=\"_ _1\"></span>vices.<span class=\"_ _2\"></span> Br<span class=\"_ _c\"></span>oker f<span class=\"_ _0\"></span>ees ar<span class=\"_ _0\"></span>e included in r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses.<span class=\"_ _b\"></span> All gr<span class=\"_ _0\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed under the P<span class=\"_ _c\"></span>AA and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised based on the passage of time ov<span class=\"_ _c\"></span>er the cover<span class=\"_ _c\"></span>age period of a group of contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S AN<span class=\"_ _1\"></span>D OTH<span class=\"_ _1\"></span>ER C<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>EH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>IVE I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>INSUR<span class=\"_ _1\"></span>ANCE FINANCE<span class=\"_ _0\"></span> INCOME OR EX<span class=\"_ _0\"></span>PEN<span class=\"_ _1\"></span>SES<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance finance income or expenses comprise the change in the carrying amount of the gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of the time value of mone<span class=\"_ _0\"></span>y and changes in the time value of mone<span class=\"_ _c\"></span>y <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of financial risk and changes in financial risk<span class=\"_ _2d8\"> </span>For contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> the main amounts within insurance finance income or e<span class=\"_ _0\"></span>xpenses ar<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed on the LIC<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _6\"> </span>The ef<span class=\"_ _c\"></span>fect of changes in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates and other financial assumptions<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup disaggregat<span class=\"_ _0\"></span>es insur<span class=\"_ _0\"></span>ance finance income or expenses on mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts issued between Pr<span class=\"_ _c\"></span>ofit or Loss and OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has made an accounting policy choice t<span class=\"_ _0\"></span>o disaggr<span class=\"_ _0\"></span>egate insur<span class=\"_ _c\"></span>ance finance income or expenses for the period t<span class=\"_ _c\"></span>o include within OCI an amount which r<span class=\"_ _0\"></span>eflects the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the carrying amount of a group of contr<span class=\"_ _c\"></span>acts and the amount that the group w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e been measur<span class=\"_ _0\"></span>ed at using the discount r<span class=\"_ _0\"></span>ates in ef<span class=\"_ _c\"></span>fect on initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> effectiv<span class=\"_ _c\"></span>ely reflecting the impact of discount r<span class=\"_ _c\"></span>ate changes on the opening liability for incurr<span class=\"_ _c\"></span>ed claims thr<span class=\"_ _0\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The amount r<span class=\"_ _0\"></span>ecognised in Other Compr<span class=\"_ _0\"></span>ehensive Income o<span class=\"_ _c\"></span>ver the dur<span class=\"_ _0\"></span>ation of a gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts will always t<span class=\"_ _c\"></span>otal zer<span class=\"_ _c\"></span>o.<span class=\"_ _2d8\"> </span>The impact of changes in mark<span class=\"_ _c\"></span>et inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on the v<span class=\"_ _c\"></span>alue of the insurance assets and liabilities ar<span class=\"_ _c\"></span>e reflect<span class=\"_ _0\"></span>ed in OCI in or<span class=\"_ _0\"></span>der to minimise<span class=\"_ _0\"></span> accounting mismatches between the accounting f<span class=\"_ _c\"></span>or financial assets and insurance assets and liabilities.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets backing the mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olios ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>edominantly measured at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span>RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Notes 3.6 and 3.7 f<span class=\"_ _0\"></span>or detail on risks r<span class=\"_ _c\"></span>elating to insur<span class=\"_ _c\"></span>ance liabilities and reinsur<span class=\"_ _c\"></span>ance assets,<span class=\"_ _2\"></span> and the management thereof<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-387": {
   "value": "A. INSURANCE AND<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EINSUR<span class=\"_ _1\"></span>ANC<span class=\"_ _0\"></span>E CON<span class=\"_ _0\"></span>TRA<span class=\"_ _0\"></span>CTS<span class=\"_ _0\"></span> CLASSIFICA<span class=\"_ _2\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues insurance contr<span class=\"_ _c\"></span>acts in the normal course of business,<span class=\"_ _2\"></span> under which it accepts significant insur<span class=\"_ _0\"></span>ance risk fr<span class=\"_ _0\"></span>om a policyholder <span class=\"_ _0\"></span> by agr<span class=\"_ _c\"></span>eeing to compensat<span class=\"_ _0\"></span>e the policyholder if a specified uncertain futur<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent adversely af<span class=\"_ _c\"></span>fects the policyholder<span class=\"_ _2\"></span>.<span class=\"_ _c\"></span> As a gener<span class=\"_ _0\"></span>al guideline,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup determines whether it has significant insur<span class=\"_ _0\"></span>ance risk,<span class=\"_ _2\"></span> by comparing benefits pay<span class=\"_ _c\"></span>able after an insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent with benefits pay<span class=\"_ _0\"></span>able if the insured e<span class=\"_ _0\"></span>vent did not occur<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only non-life insur<span class=\"_ _0\"></span>ance to individuals and businesses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Non-life insur<span class=\"_ _c\"></span>ance pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup are Mot<span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>These pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>er prot<span class=\"_ _0\"></span>ection of a policyholder\u2019<span class=\"_ _2\"></span>s assets and indemnification of other par<span class=\"_ _1\"></span>ties that hav<span class=\"_ _0\"></span>e suf<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ed<span class=\"_ gs41\"> </span>damage as a result of a policyholder\u2019<span class=\"_ _2\"></span>s accident.<span class=\"_ _2d8\"> </span>In the normal course of business,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup uses reinsur<span class=\"_ _c\"></span>ance to mitigat<span class=\"_ _0\"></span>e its risk exposur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> A r<span class=\"_ _c\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act tr<span class=\"_ _0\"></span>ansfers significant risks if it<span class=\"_ gs41\"> </span>tr<span class=\"_ _0\"></span>ansfers subst<span class=\"_ _c\"></span>antially all of the insurance risk r<span class=\"_ _c\"></span>esulting from the insur<span class=\"_ _c\"></span>ed por<span class=\"_ _1\"></span>tion of the underlying insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> e<span class=\"_ _0\"></span>ven if it does not expose<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>einsurer t<span class=\"_ _0\"></span>o the possibility of a significant loss.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies its receiv<span class=\"_ _0\"></span>ables as at amortised cost only if both of the following crit<span class=\"_ _c\"></span>eria are met: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is t<span class=\"_ _0\"></span>o collect the contr<span class=\"_ _0\"></span>actual cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>Receivables ar<span class=\"_ _c\"></span>e initially recognised at f<span class=\"_ _c\"></span>air value and subsequently measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost using the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est method,<span class=\"_ _2\"></span> less pr<span class=\"_ _0\"></span>ovision f<span class=\"_ _c\"></span>or expected cr<span class=\"_ _c\"></span>edit losses.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures loss allow<span class=\"_ _c\"></span>ances at an amount equal to lifetime ECL.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o measure the e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eceivables hav<span class=\"_ _c\"></span>e been gr<span class=\"_ _0\"></span>ouped based on shar<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit risk char<span class=\"_ _0\"></span>acteristics and the da<span class=\"_ _0\"></span>ys past due to cr<span class=\"_ _c\"></span>eate the cat<span class=\"_ _0\"></span>egories,<span class=\"_ _2\"></span> namely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> performing,<span class=\"_ _2\"></span> underperf<span class=\"_ _0\"></span>orming and not performing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The expect<span class=\"_ _c\"></span>ed loss rat<span class=\"_ _c\"></span>es are based on the payment pr<span class=\"_ _c\"></span>ofiles of receiv<span class=\"_ _0\"></span>ables ov<span class=\"_ _c\"></span>er a period of 36 months befor<span class=\"_ _0\"></span>e year end.<span class=\"_ _2\"></span> The loss r<span class=\"_ _c\"></span>ates ar<span class=\"_ _0\"></span>e adjusted t<span class=\"_ _c\"></span>o reflect curr<span class=\"_ _c\"></span>ent and forwar<span class=\"_ _c\"></span>d-looking information on macr<span class=\"_ _c\"></span>o-economic factors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as the socio-economic envir<span class=\"_ _c\"></span>onment aff<span class=\"_ _c\"></span>ecting the ability of the debtors t<span class=\"_ _0\"></span>o settle the receiv<span class=\"_ _c\"></span>ables.<span class=\"_ _2\"></span> Receivables that ar<span class=\"_ _c\"></span>e 30 days or more past due ar<span class=\"_ _c\"></span>e considered t<span class=\"_ _c\"></span>o be <span class=\"_ _2\"></span>\u2018not performing\u2019<span class=\"_ _b\"></span> and the default r<span class=\"_ _0\"></span>ebuttable pr<span class=\"_ _c\"></span>esumption of 90 days prescribed b<span class=\"_ _c\"></span>y IFRS 9 is not applied.<span class=\"_ _2d8\"> </span>PERF<span class=\"_ _0\"></span>ORMIN<span class=\"_ _0\"></span>G<span class=\"_ _2d8\"> </span>Customers ha<span class=\"_ _0\"></span>ve a lo<span class=\"_ _0\"></span>w risk of default and a str<span class=\"_ _c\"></span>ong capacity to meet contr<span class=\"_ _c\"></span>actual cash flows.<span class=\"_ _2d8\"> </span>UNDERPER<span class=\"_ _1\"></span>FORMING<span class=\"_ _2d8\"> </span>Receivables f<span class=\"_ _c\"></span>or which there is a significant incr<span class=\"_ _c\"></span>ease in credit risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A significant increase in cr<span class=\"_ _c\"></span>edit risk is presumed if int<span class=\"_ _c\"></span>erest and/or principal r<span class=\"_ _0\"></span>epayments ar<span class=\"_ _0\"></span>e past due.<span class=\"_ _2d8\"> </span>NOT<span class=\"_ _0\"></span> PERFORM<span class=\"_ _1\"></span>ING<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est and/or principal repa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e 30 days past due.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-383": {
   "value": "A. INSURANCE AND<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EINSUR<span class=\"_ _1\"></span>ANC<span class=\"_ _0\"></span>E CON<span class=\"_ _0\"></span>TRA<span class=\"_ _0\"></span>CTS<span class=\"_ _0\"></span> CLASSIFICA<span class=\"_ _2\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues insurance contr<span class=\"_ _c\"></span>acts in the normal course of business,<span class=\"_ _2\"></span> under which it accepts significant insur<span class=\"_ _0\"></span>ance risk fr<span class=\"_ _0\"></span>om a policyholder <span class=\"_ _0\"></span> by agr<span class=\"_ _c\"></span>eeing to compensat<span class=\"_ _0\"></span>e the policyholder if a specified uncertain futur<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent adversely af<span class=\"_ _c\"></span>fects the policyholder<span class=\"_ _2\"></span>.<span class=\"_ _c\"></span> As a gener<span class=\"_ _0\"></span>al guideline,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup determines whether it has significant insur<span class=\"_ _0\"></span>ance risk,<span class=\"_ _2\"></span> by comparing benefits pay<span class=\"_ _c\"></span>able after an insur<span class=\"_ _0\"></span>ed ev<span class=\"_ _0\"></span>ent with benefits pay<span class=\"_ _0\"></span>able if the insured e<span class=\"_ _0\"></span>vent did not occur<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only non-life insur<span class=\"_ _0\"></span>ance to individuals and businesses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Non-life insur<span class=\"_ _c\"></span>ance pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup are Mot<span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>These pr<span class=\"_ _0\"></span>oducts off<span class=\"_ _c\"></span>er prot<span class=\"_ _0\"></span>ection of a policyholder\u2019<span class=\"_ _2\"></span>s assets and indemnification of other par<span class=\"_ _1\"></span>ties that hav<span class=\"_ _0\"></span>e suf<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ed<span class=\"_ gs41\"> </span>damage as a result of a policyholder\u2019<span class=\"_ _2\"></span>s accident.<span class=\"_ _2d8\"> </span>In the normal course of business,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup uses reinsur<span class=\"_ _c\"></span>ance to mitigat<span class=\"_ _0\"></span>e its risk exposur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> A r<span class=\"_ _c\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act tr<span class=\"_ _0\"></span>ansfers significant risks if it<span class=\"_ gs41\"> </span>tr<span class=\"_ _0\"></span>ansfers subst<span class=\"_ _c\"></span>antially all of the insurance risk r<span class=\"_ _c\"></span>esulting from the insur<span class=\"_ _c\"></span>ed por<span class=\"_ _1\"></span>tion of the underlying insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> e<span class=\"_ _0\"></span>ven if it does not expose<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>einsurer t<span class=\"_ _0\"></span>o the possibility of a significant loss.<span class=\"_ _2d8\"> </span>B. IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE AN<span class=\"_ _1\"></span>D REI<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE CONTR<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>CTS ACCOUNTING TR<span class=\"_ _1\"></span>EA<span class=\"_ _0\"></span>TME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>(i<span class=\"_ _0\"></span>) Separating componen<span class=\"_ _0\"></span>ts from insurance<span class=\"_ _0\"></span> and reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup assesses its non-life insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>oducts to det<span class=\"_ _c\"></span>ermine whether they contain distinct components which m<span class=\"_ _c\"></span>ust be accounted f<span class=\"_ _c\"></span>or under another IFRS instead of under IFRS 17.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>After separ<span class=\"_ _c\"></span>ating any distinct components,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup applies IFRS 17 to all r<span class=\"_ _0\"></span>emaining components of the (host) insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act.<span class=\"_ _2\"></span> Curr<span class=\"_ _0\"></span>ently<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products do not inc<span class=\"_ _0\"></span>lude any distinct components that r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e separ<span class=\"_ _0\"></span>ation.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _0\"></span>) A<span class=\"_ _0\"></span>ggregation and<span class=\"_ _0\"></span> recognition of<span class=\"_ _0\"></span> insurance and<span class=\"_ _0\"></span> reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>I<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e aggr<span class=\"_ _0\"></span>egated int<span class=\"_ _c\"></span>o groups f<span class=\"_ _0\"></span>or measur<span class=\"_ _0\"></span>ement purposes.<span class=\"_ _2\"></span> Gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts are det<span class=\"_ _c\"></span>ermined by identifying portfolios of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> each comprising contr<span class=\"_ _c\"></span>acts subject to similar risks and managed t<span class=\"_ _0\"></span>ogether<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and dividing each portfolio into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts (i.e.<span class=\"_ _2\"></span> by y<span class=\"_ _0\"></span>ear of issue) and each annual cohort into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous subsequently <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>emaining contr<span class=\"_ _0\"></span>acts in the annual cohort<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts it issues from the earliest of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When the first payment fr<span class=\"_ _c\"></span>om a policyholder in the group becomes due or when the first pa<span class=\"_ _0\"></span>yment is r<span class=\"_ _0\"></span>eceived if ther<span class=\"_ _c\"></span>e is no due date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate that the contr<span class=\"_ _c\"></span>act is onerous<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _c\"></span>ofitability of gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts is assessed by actuarial v<span class=\"_ _c\"></span>aluation models that tak<span class=\"_ _0\"></span>e into consider<span class=\"_ _c\"></span>ation existing and new business.<span class=\"_ _b\"></span> The Gr<span class=\"_ _c\"></span>oup assumes that no contracts in the portfolio ar<span class=\"_ _c\"></span>e onerous at initial r<span class=\"_ _c\"></span>ecognition unless facts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate otherwise.<span class=\"_ _2\"></span> For contr<span class=\"_ _c\"></span>acts that are not oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup assesses,<span class=\"_ _2\"></span> at initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> that there is no significant possibility of becoming oner<span class=\"_ _0\"></span>ous subsequently by assessing the lik<span class=\"_ _c\"></span>elihood of changes in applicable facts and cir<span class=\"_ _c\"></span>cumstances.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers facts and<span class=\"_ _0\"></span> cir<span class=\"_ _0\"></span>cumstances t<span class=\"_ _c\"></span>o identify whether a group of contr<span class=\"_ _c\"></span>acts are oner<span class=\"_ _c\"></span>ous based on:<span class=\"_ _c\"></span>  <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Pricing inf<span class=\"_ _0\"></span>ormation <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Results of similar contr<span class=\"_ _c\"></span>acts it has recognised <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>En<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onmental f<span class=\"_ _c\"></span>actors,<span class=\"_ _2\"></span> e.g<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> a change in mark<span class=\"_ _0\"></span>et experience or r<span class=\"_ _0\"></span>egulations<span class=\"_ _2d8\"> </span>Reinsurance<span class=\"_ _c\"></span> contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Some r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts pr<span class=\"_ _0\"></span>ovide co<span class=\"_ _c\"></span>ver for underlying contr<span class=\"_ _c\"></span>acts that are included in dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent groups.<span class=\"_ _b\"></span> Howev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Group concludes that the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act\u2019<span class=\"_ _2\"></span>s legal form of a single contr<span class=\"_ _c\"></span>act reflects the subst<span class=\"_ _0\"></span>ance of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s contractual rights and obligations<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> considering that the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent covers lapse t<span class=\"_ _c\"></span>ogether and are not sold separ<span class=\"_ _c\"></span>ately<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a result,<span class=\"_ _b\"></span> the reinsur<span class=\"_ _c\"></span>ance contract is not separ<span class=\"_ _c\"></span>ated int<span class=\"_ _0\"></span>o multiple insur<span class=\"_ _c\"></span>ance components that relat<span class=\"_ _c\"></span>e to dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent underlying groups<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts held at the earlier of the f<span class=\"_ _0\"></span>ollowing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The dat<span class=\"_ _c\"></span>e the Group r<span class=\"_ _c\"></span>ecognises an onerous gr<span class=\"_ _c\"></span>oup of underlying insurance contr<span class=\"_ _c\"></span>acts if the Group ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act held in the gr<span class=\"_ _0\"></span>oup of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held at or befor<span class=\"_ _c\"></span>e that date<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _1\"></span>i) Me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _2d8\"> </span>Summary of<span class=\"_ _0\"></span> measuremen<span class=\"_ _0\"></span>t appr<span class=\"_ _0\"></span>oaches<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup uses the following measur<span class=\"_ _c\"></span>ement approaches t<span class=\"_ _c\"></span>o its insurance and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span><table class=\"s w1bc h73\" id=\"_55360455-9856-4c92-9e21-664a1f84c7a1\"><tr><td></td><td class=\"c n x380 y2580 w1bd h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Product classification<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x381 y2580 w1be h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Measurement model<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2581 ff2 fs7 fc2 sc0 lsad ws7c\">Insurance contracts issued<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2582 w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x383 y2582 w1c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x384 y2582 w1c1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _2\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2583 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w1c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance \u2013 excess of loss r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x385 y24bc w1c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsurance contr<span class=\"_ _c\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x386 y24bc w1c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _c\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup applies the premium allocation appr<span class=\"_ _c\"></span>oach to all the insur<span class=\"_ _c\"></span>ance contracts that it issues and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts that it holds,<span class=\"_ _2\"></span> as the cov<span class=\"_ _c\"></span>erage period of each contr<span class=\"_ _c\"></span>act in the group is one y<span class=\"_ _c\"></span>ear or less,<span class=\"_ _2\"></span> including insurance contr<span class=\"_ _c\"></span>act services arising from all pr<span class=\"_ _c\"></span>emiums within the contr<span class=\"_ _0\"></span>act boundary<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not expect significant variability in the fulfilment cash flo<span class=\"_ _0\"></span>ws that would af<span class=\"_ _0\"></span>fect the measur<span class=\"_ _c\"></span>ement of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age during the period befor<span class=\"_ _c\"></span>e a claim is incurred.<span class=\"_ _2d8\"> </span>All the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance contr<span class=\"_ _c\"></span>acts have a co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of one year or less.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance contracts held ar<span class=\"_ _c\"></span>e excess of loss contr<span class=\"_ _0\"></span>acts and ar<span class=\"_ _0\"></span>e loss occurring.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group does not issue an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d) is measured at: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span> <span class=\"_ _26\"></span>The pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus an<span class=\"_ _c\"></span>y insurance acquisition cash flo<span class=\"_ _0\"></span>ws allocat<span class=\"_ _0\"></span>ed to the gr<span class=\"_ _c\"></span>oup at that date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Adjust<span class=\"_ _0\"></span>ed for an<span class=\"_ _c\"></span>y amount arising from the der<span class=\"_ _c\"></span>ecognition of any assets or liabilities pr<span class=\"_ _c\"></span>eviously r<span class=\"_ _0\"></span>ecognised for cash flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>elated t<span class=\"_ _c\"></span>o the gr<span class=\"_ _0\"></span>oup (including assets f<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance acquisition cash flows) The Gr<span class=\"_ _c\"></span>oup has chosen not to expense insur<span class=\"_ _c\"></span>ance acquisition cash flows when they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>Subsequently<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span> the Gr<span class=\"_ _c\"></span>oup measures the carrying amount of the LRC at the end of each r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period as the LRC at the beginning of the period: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus insur<span class=\"_ _c\"></span>ance acquisition cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus an<span class=\"_ _0\"></span>y amounts r<span class=\"_ _0\"></span>elating to the amortisation of insur<span class=\"_ _0\"></span>ance acquisition cash flows r<span class=\"_ _c\"></span>ecognised as an expense in the r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus the amount r<span class=\"_ _c\"></span>ecognised as insurance r<span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>enue f<span class=\"_ _0\"></span>or the services pro<span class=\"_ _0\"></span>vided in the period<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup expects that the time between pr<span class=\"_ _c\"></span>oviding each part of the ser<span class=\"_ _1\"></span>vices and the r<span class=\"_ _0\"></span>elated pr<span class=\"_ _c\"></span>emium due date is no mor<span class=\"_ _c\"></span>e than a year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Accordingly<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group has chosen not t<span class=\"_ _c\"></span>o adjust the liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect the time value of mone<span class=\"_ _0\"></span>y and the eff<span class=\"_ _c\"></span>ect of financial risk.<span class=\"_ _2d8\"> </span>If at an<span class=\"_ _0\"></span>y time during the cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age period,<span class=\"_ _2\"></span> facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e that a group of contr<span class=\"_ _c\"></span>acts is onerous<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> then the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecognises a loss in Pr<span class=\"_ _0\"></span>ofit or Loss and incr<span class=\"_ _c\"></span>eases the liability for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age to the ext<span class=\"_ _c\"></span>ent that the current estimat<span class=\"_ _c\"></span>es of the fulfilment cash flows that r<span class=\"_ _c\"></span>elate t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age exceed the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discounted (at curr<span class=\"_ _c\"></span>ent rat<span class=\"_ _c\"></span>es) if the liability for incurr<span class=\"_ _0\"></span>ed claims is also discount<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises the liability f<span class=\"_ _0\"></span>or incurr<span class=\"_ _0\"></span>ed claims (\u201cLIC\u201d) of a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts at the amount of the fulfilment cash flows (\u201cFCF\u201d) r<span class=\"_ _0\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed (at current r<span class=\"_ _c\"></span>ates) unless the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be paid in one year or less fr<span class=\"_ _c\"></span>om the date the claims ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>The carrying amount of a group of insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts issued at the end of each r<span class=\"_ _0\"></span>eporting period is the sum of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ws10b\"> The <span class=\"_ _10\"> </span>LRC</span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The LIC<span class=\"_ _2d8\"> </span>Ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt for n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>al ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>An explicit risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is estimated separ<span class=\"_ _c\"></span>ate fr<span class=\"_ _c\"></span>om the other estimates.<span class=\"_ _b\"></span> Unless contracts ar<span class=\"_ _c\"></span>e onerous,<span class=\"_ _b\"></span> the explicit risk adjustment for non-financial risk is only estimat<span class=\"_ _c\"></span>ed for the measur<span class=\"_ _0\"></span>ement of the LIC.<span class=\"_ _2d8\"> </span>This risk adjustment r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the compensation that the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing the uncertainty about the amount and timing of cash flows that arise fr<span class=\"_ _c\"></span>om non-financial risk.<span class=\"_ _2\"></span> Non-financial risk is risk arising from insur<span class=\"_ _c\"></span>ance contracts other than financial risk,<span class=\"_ _b\"></span> which is included in the estimat<span class=\"_ _0\"></span>es of futur<span class=\"_ _0\"></span>e cash flows or the discount r<span class=\"_ _c\"></span>ate used t<span class=\"_ _0\"></span>o adjust the cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risks cov<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the risk adjustment for non-financial risk ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance risk and other non-financial risks such as lapse risk and expense risk.<span class=\"_ _2d8\"> </span>The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk for insur<span class=\"_ _c\"></span>ance contracts measur<span class=\"_ _c\"></span>es the compensation that the Group w<span class=\"_ _c\"></span>ould requir<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o make it<span class=\"_ _0\"></span> indif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent between: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that has a r<span class=\"_ _c\"></span>ange of possible outcomes arising from non-financial risk <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that will gener<span class=\"_ _c\"></span>ate fix<span class=\"_ _0\"></span>ed cash flows with the same expect<span class=\"_ _c\"></span>ed present v<span class=\"_ _0\"></span>alue as the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Reinsurance cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s held<span class=\"_ _2d8\"> </span>The excess of loss r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held pro<span class=\"_ _c\"></span>vide cover<span class=\"_ _c\"></span>age on the motor insur<span class=\"_ _c\"></span>ance contracts originat<span class=\"_ _c\"></span>ed for claims incurr<span class=\"_ _0\"></span>ed during an accident year and ar<span class=\"_ _c\"></span>e accounted f<span class=\"_ _0\"></span>or under the P<span class=\"_ _c\"></span>AA.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group measur<span class=\"_ _c\"></span>es its reinsur<span class=\"_ _c\"></span>ance assets for a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts that it holds on the same basis as insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts that it issues.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age at the amount of ceding pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> at each of the subsequent r<span class=\"_ _0\"></span>eporting dates,<span class=\"_ _2\"></span> the r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age is: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incr<span class=\"_ _c\"></span>eased for ceding pr<span class=\"_ _0\"></span>emiums paid in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Decr<span class=\"_ _c\"></span>eased for the amounts of ceding pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>ecognised as reinsur<span class=\"_ _c\"></span>ance expenses f<span class=\"_ _0\"></span>or the services receiv<span class=\"_ _0\"></span>ed in the period<span class=\"_ _2d8\"> </span>Assets for r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts consist of the asset for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age (\u201c<span class=\"_ _2\"></span>ARC\u201d) and the asset for incurr<span class=\"_ _0\"></span>ed claims (\u201c<span class=\"_ _2\"></span>AIC\u201d) being the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers\u2019<span class=\"_ _2\"></span> share of c<span class=\"_ _0\"></span>laims that have alr<span class=\"_ _c\"></span>eady been incurred.<span class=\"_ _2d8\"> </span>For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> the risk adjustment for non-financial risk pr<span class=\"_ _c\"></span>esents the amount of risk being transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _c\"></span>oup to the<span class=\"_ gs41\"> </span>r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>er<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>Asse<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or insur<span class=\"_ _c\"></span>ance acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n cash<span class=\"_ _0\"></span> flo<span class=\"_ _0\"></span>ws<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup includes the following acquisition cash flo<span class=\"_ _0\"></span>ws within the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act boundary that arise from selling<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> underwriting and starting a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts and that ar<span class=\"_ _0\"></span>e:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span>Costs dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o individual contracts and gr<span class=\"_ _c\"></span>oups of contracts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>Costs dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able to the portfolio of insur<span class=\"_ _c\"></span>ance contracts t<span class=\"_ _c\"></span>o which the group belongs<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e allocated on a r<span class=\"_ _c\"></span>easonable and consistent basis t<span class=\"_ _c\"></span>o measure the gr<span class=\"_ _c\"></span>oup of insurance contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance acquisition cash flows arising bef<span class=\"_ _c\"></span>ore the r<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _c\"></span>ecognised as an asset.<span class=\"_ _2\"></span> Insurance acquisition cash flows arise when the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e paid or when a liability is requir<span class=\"_ _c\"></span>ed to be r<span class=\"_ _c\"></span>ecognised under a standar<span class=\"_ _0\"></span>d other than IFRS 17.<span class=\"_ _2\"></span> Such an asset is r<span class=\"_ _0\"></span>ecognised for each gr<span class=\"_ _c\"></span>oup of contr<span class=\"_ _0\"></span>acts to which the insur<span class=\"_ _c\"></span>ance acquisition cash flows ar<span class=\"_ _c\"></span>e allocated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The asset is derecognised,<span class=\"_ _2\"></span> fully or partially<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the insurance acquisition cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e included in the measur<span class=\"_ _0\"></span>ement of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2d8\"> </span>Reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>abi<span class=\"_ _1\"></span>lity<span class=\"_ _0\"></span> assessment<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> if f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumstances indicat<span class=\"_ _c\"></span>e that an asset for insur<span class=\"_ _0\"></span>ance acquisition cash flows ma<span class=\"_ _0\"></span>y be impaired,<span class=\"_ _b\"></span> then<span class=\"_ _1\"></span> the<span class=\"_ gs41\"> </span>Gr<span class=\"_ _0\"></span>oup:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>Recognises an impairment loss in Pr<span class=\"_ _0\"></span>ofit or Loss so that the carrying amount of the asset does not exceed the expect<span class=\"_ _c\"></span>ed net cash inflow for<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>elated gr<span class=\"_ _c\"></span>oup<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the asset r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to futur<span class=\"_ _c\"></span>e rene<span class=\"_ _0\"></span>wals,<span class=\"_ _2\"></span> r<span class=\"_ _c\"></span>ecognises an impairment loss in Profit or L<span class=\"_ _c\"></span>oss to the ext<span class=\"_ _0\"></span>ent that it expects those insur<span class=\"_ _c\"></span>ance acquisition cash flows t<span class=\"_ _c\"></span>o exceed the net cash inflow f<span class=\"_ _0\"></span>or the expect<span class=\"_ _0\"></span>ed rene<span class=\"_ _0\"></span>wals and this e<span class=\"_ _0\"></span>xcess has not alr<span class=\"_ _0\"></span>eady been recognised as an impairment loss under (a)<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup rev<span class=\"_ _c\"></span>erses any impairment losses in Pr<span class=\"_ _c\"></span>ofit or Loss and incr<span class=\"_ _0\"></span>eases the carrying amount of the asset to the ext<span class=\"_ _c\"></span>ent that the impairment conditions hav<span class=\"_ _0\"></span>e impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>Modification and der<span class=\"_ _0\"></span>ecognition<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup derecognises insur<span class=\"_ _c\"></span>ance contracts when: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is extinguished (i.e.<span class=\"_ _2\"></span> when the obligation specified in the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act expir<span class=\"_ _c\"></span>es or is discharged or cancelled) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is modified and cer<span class=\"_ _1\"></span>tain additional crit<span class=\"_ _c\"></span>eria are met<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract is modified by the Gr<span class=\"_ _c\"></span>oup as a r<span class=\"_ _0\"></span>esult of an agreement with the count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties or due to a c<span class=\"_ _0\"></span>hange in r<span class=\"_ _0\"></span>egulations,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup treats changes in cash flo<span class=\"_ _0\"></span>ws caused by the modification as changes in estimat<span class=\"_ _c\"></span>es of the FCF<span class=\"_ _b\"></span>,<span class=\"_ _2\"></span> unless the conditions for the der<span class=\"_ _c\"></span>ecognition of the original contract ar<span class=\"_ _c\"></span>e met.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup derecognises the original contr<span class=\"_ _c\"></span>act and recognises the modified contr<span class=\"_ _c\"></span>act as a new contr<span class=\"_ _c\"></span>act if any of the f<span class=\"_ _0\"></span>ollowing conditions ar<span class=\"_ _c\"></span>e present:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the modified terms had been included at contr<span class=\"_ _c\"></span>act inception and the Gr<span class=\"_ _0\"></span>oup would hav<span class=\"_ _0\"></span>e concluded that the modified contr<span class=\"_ _c\"></span>act: <span class=\"_ _c9\"> </span>i.<span class=\"_ _c\"></span>  <span class=\"_ _7\"> </span>Is not in scope of IFRS 17 <span class=\"_ _c9\"> </span>ii.<span class=\"_ _c\"></span>  <span class=\"_ _3\"> </span>Results in diff<span class=\"_ _c\"></span>erent separ<span class=\"_ _c\"></span>able components <span class=\"_ _c9\"> </span>iii.<span class=\"_ _c\"></span>  <span class=\"_ _0\"></span>Results in a diff<span class=\"_ _c\"></span>erent contr<span class=\"_ _c\"></span>act boundar<span class=\"_ _1\"></span>y <span class=\"_ _c9\"> </span>iv<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span>  Belongs to a dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent group of contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>The original contr<span class=\"_ _c\"></span>act was accounted f<span class=\"_ _c\"></span>or under the P<span class=\"_ _c\"></span>AA,<span class=\"_ _2\"></span> but the modification means that the contract no longer meets the eligibility criteria f<span class=\"_ _c\"></span>or that approach<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract account<span class=\"_ _0\"></span>ed for under the P<span class=\"_ _2\"></span>AA is derecognised,<span class=\"_ _b\"></span> adjustments to the FCF t<span class=\"_ _0\"></span>o remo<span class=\"_ _c\"></span>ve r<span class=\"_ _0\"></span>elating rights and obligations,<span class=\"_ _2\"></span> and account f<span class=\"_ _0\"></span>or the eff<span class=\"_ _c\"></span>ect of the derecognition r<span class=\"_ _c\"></span>esult in the following amounts being char<span class=\"_ _c\"></span>ged immediately t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _0\"></span>act is extinguished,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the der<span class=\"_ _0\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC of the original contr<span class=\"_ _c\"></span>act and any other cash flows arising fr<span class=\"_ _c\"></span>om extinguishment<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _c\"></span>act is transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed to the thir<span class=\"_ _c\"></span>d par<span class=\"_ _1\"></span>ty<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net diff<span class=\"_ _c\"></span>erence betw<span class=\"_ _0\"></span>een the derecognised part of the LRC of the original contr<span class=\"_ _0\"></span>act and the pr<span class=\"_ _0\"></span>emium charged b<span class=\"_ _c\"></span>y the third party<span class=\"_ _2d8\"> </span>c.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the original contr<span class=\"_ _0\"></span>act is modified r<span class=\"_ _0\"></span>esulting in its der<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> any net dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the der<span class=\"_ _c\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC and the hypothetical pr<span class=\"_ _c\"></span>emium the entity would hav<span class=\"_ _0\"></span>e charged had it ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o a contr<span class=\"_ _c\"></span>act with equivalent terms as the ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>act at the date of the contr<span class=\"_ _c\"></span>act modification,<span class=\"_ _2\"></span> less any additional pr<span class=\"_ _c\"></span>emium charged f<span class=\"_ _0\"></span>or the modification<span class=\"_ _2d8\"> </span>(iv<span class=\"_ _c\"></span>) Presentation<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has present<span class=\"_ _0\"></span>ed separ<span class=\"_ _0\"></span>ately<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> in the Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the carrying amount of por<span class=\"_ _1\"></span>tfolios of insur<span class=\"_ _c\"></span>ance contracts issued<span class=\"_ _0\"></span> and portfolios of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has elected to disaggr<span class=\"_ _c\"></span>egate part of the mov<span class=\"_ _0\"></span>ement in LIC r<span class=\"_ _0\"></span>esulting fr<span class=\"_ _0\"></span>om the changes in discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and pr<span class=\"_ _0\"></span>esent this in the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup disaggregat<span class=\"_ _c\"></span>es the tot<span class=\"_ _0\"></span>al amount r<span class=\"_ _0\"></span>ecognised in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income int<span class=\"_ _0\"></span>o an insur<span class=\"_ _0\"></span>ance service result,<span class=\"_ _2\"></span> comprising insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue and insur<span class=\"_ _0\"></span>ance service expense,<span class=\"_ _2\"></span> and insur<span class=\"_ _0\"></span>ance finance income or expenses.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup does not disaggregat<span class=\"_ _0\"></span>e the change in risk adjustment for non-financial risk betw<span class=\"_ _0\"></span>een a financial and non-financial portion and includes the entir<span class=\"_ _0\"></span>e change as part of the insurance service r<span class=\"_ _0\"></span>esult.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup separat<span class=\"_ _0\"></span>ely pr<span class=\"_ _0\"></span>esents income or expenses fr<span class=\"_ _c\"></span>om reinsur<span class=\"_ _c\"></span>ance contracts held fr<span class=\"_ _c\"></span>om the expenses or income fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ gs41\"> </span>issued.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>NCE C<span class=\"_ _1\"></span>ONTR<span class=\"_ _1\"></span>ACTS I<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UE<span class=\"_ _1\"></span>D<span class=\"_ _2d8\"> </span>Insurance rev<span class=\"_ _0\"></span>enue<span class=\"_ _2d8\"> </span>As the Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>ovides insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act services under the group of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> it reduces the LRC and r<span class=\"_ _c\"></span>ecognises insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of pr<span class=\"_ _c\"></span>omised ser<span class=\"_ _1\"></span>vices at an amount that r<span class=\"_ _0\"></span>eflects the portion of consideration that the Gr<span class=\"_ _c\"></span>oup expects to be entitled t<span class=\"_ _c\"></span>o in exchange for those services.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures all insur<span class=\"_ _c\"></span>ance contracts under the P<span class=\"_ _2\"></span>AA and recognises insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue based on the passage of time ov<span class=\"_ _c\"></span>er the cov<span class=\"_ _c\"></span>erage period of a gr<span class=\"_ _c\"></span>oup of contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insurance service expenses<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance service expenses include the follo<span class=\"_ _c\"></span>wing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims and benefits <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to futur<span class=\"_ _c\"></span>e service \u2013 changes in the FCF that result in oner<span class=\"_ _c\"></span>ous contract losses or r<span class=\"_ _c\"></span>eversals of those losses<span class=\"_ _2d8\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws is based on the passage of time.<span class=\"_ _2d8\"> </span>Other expenses not meeting the abo<span class=\"_ _0\"></span>ve cat<span class=\"_ _c\"></span>egories are included in other oper<span class=\"_ _c\"></span>ating expenses in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E CON<span class=\"_ _1\"></span>TR<span class=\"_ _1\"></span>ACTS HE<span class=\"_ _1\"></span>LD<span class=\"_ _2d8\"> </span>Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _2\"></span>) from reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup presents separ<span class=\"_ _c\"></span>ately on the face of the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income,<span class=\"_ _2\"></span> the amounts expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers,<span class=\"_ _2\"></span> and an allocation of the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The net income/(expense) fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held comprise: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>For gr<span class=\"_ _c\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er fees ar<span class=\"_ _c\"></span>e included within reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hanges in the risk of r<span class=\"_ _0\"></span>einsurers\u2019<span class=\"_ _b\"></span> non-performance <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls3\">Amounts r<span class=\"_ _0\"></span>elating to accounting f<span class=\"_ _c\"></span>or onerous gr<span class=\"_ _c\"></span>oups of underlying insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></span>Reinsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _c\"></span>e recognised similarly t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of r<span class=\"_ _c\"></span>eceived insur<span class=\"_ _c\"></span>ance contract services at an amount that r<span class=\"_ _0\"></span>eflects the portion of ceding premiums that the Gr<span class=\"_ _0\"></span>oup expects t<span class=\"_ _0\"></span>o pay in exchange f<span class=\"_ _c\"></span>or those ser<span class=\"_ _1\"></span>vices.<span class=\"_ _2\"></span> Br<span class=\"_ _c\"></span>oker f<span class=\"_ _0\"></span>ees ar<span class=\"_ _0\"></span>e included in r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses.<span class=\"_ _b\"></span> All gr<span class=\"_ _0\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed under the P<span class=\"_ _c\"></span>AA and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised based on the passage of time ov<span class=\"_ _c\"></span>er the cover<span class=\"_ _c\"></span>age period of a group of contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S AN<span class=\"_ _1\"></span>D OTH<span class=\"_ _1\"></span>ER C<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>EH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>IVE I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>INSUR<span class=\"_ _1\"></span>ANCE FINANCE<span class=\"_ _0\"></span> INCOME OR EX<span class=\"_ _0\"></span>PEN<span class=\"_ _1\"></span>SES<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance finance income or expenses comprise the change in the carrying amount of the gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of the time value of mone<span class=\"_ _0\"></span>y and changes in the time value of mone<span class=\"_ _c\"></span>y <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of financial risk and changes in financial risk<span class=\"_ _2d8\"> </span>For contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> the main amounts within insurance finance income or e<span class=\"_ _0\"></span>xpenses ar<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed on the LIC<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _6\"> </span>The ef<span class=\"_ _c\"></span>fect of changes in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates and other financial assumptions<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup disaggregat<span class=\"_ _0\"></span>es insur<span class=\"_ _0\"></span>ance finance income or expenses on mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts issued between Pr<span class=\"_ _c\"></span>ofit or Loss and OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has made an accounting policy choice t<span class=\"_ _0\"></span>o disaggr<span class=\"_ _0\"></span>egate insur<span class=\"_ _c\"></span>ance finance income or expenses for the period t<span class=\"_ _c\"></span>o include within OCI an amount which r<span class=\"_ _0\"></span>eflects the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the carrying amount of a group of contr<span class=\"_ _c\"></span>acts and the amount that the group w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e been measur<span class=\"_ _0\"></span>ed at using the discount r<span class=\"_ _0\"></span>ates in ef<span class=\"_ _c\"></span>fect on initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> effectiv<span class=\"_ _c\"></span>ely reflecting the impact of discount r<span class=\"_ _c\"></span>ate changes on the opening liability for incurr<span class=\"_ _c\"></span>ed claims thr<span class=\"_ _0\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The amount r<span class=\"_ _0\"></span>ecognised in Other Compr<span class=\"_ _0\"></span>ehensive Income o<span class=\"_ _c\"></span>ver the dur<span class=\"_ _0\"></span>ation of a gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts will always t<span class=\"_ _c\"></span>otal zer<span class=\"_ _c\"></span>o.<span class=\"_ _2d8\"> </span>The impact of changes in mark<span class=\"_ _c\"></span>et inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on the v<span class=\"_ _c\"></span>alue of the insurance assets and liabilities ar<span class=\"_ _c\"></span>e reflect<span class=\"_ _0\"></span>ed in OCI in or<span class=\"_ _0\"></span>der to minimise<span class=\"_ _0\"></span> accounting mismatches between the accounting f<span class=\"_ _c\"></span>or financial assets and insurance assets and liabilities.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets backing the mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olios ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>edominantly measured at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span>RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Notes 3.6 and 3.7 f<span class=\"_ _0\"></span>or detail on risks r<span class=\"_ _c\"></span>elating to insur<span class=\"_ _c\"></span>ance liabilities and reinsur<span class=\"_ _c\"></span>ance assets,<span class=\"_ _2\"></span> and the management thereof<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-388": {
   "value": "B. IN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE AN<span class=\"_ _1\"></span>D REI<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>ANCE CONTR<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>CTS ACCOUNTING TR<span class=\"_ _1\"></span>EA<span class=\"_ _0\"></span>TME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>(i<span class=\"_ _0\"></span>) Separating componen<span class=\"_ _0\"></span>ts from insurance<span class=\"_ _0\"></span> and reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup assesses its non-life insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>oducts to det<span class=\"_ _c\"></span>ermine whether they contain distinct components which m<span class=\"_ _c\"></span>ust be accounted f<span class=\"_ _c\"></span>or under another IFRS instead of under IFRS 17.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>After separ<span class=\"_ _c\"></span>ating any distinct components,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup applies IFRS 17 to all r<span class=\"_ _0\"></span>emaining components of the (host) insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act.<span class=\"_ _2\"></span> Curr<span class=\"_ _0\"></span>ently<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s products do not inc<span class=\"_ _0\"></span>lude any distinct components that r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e separ<span class=\"_ _0\"></span>ation.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _0\"></span>) A<span class=\"_ _0\"></span>ggregation and<span class=\"_ _0\"></span> recognition of<span class=\"_ _0\"></span> insurance and<span class=\"_ _0\"></span> reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _2d8\"> </span>I<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e aggr<span class=\"_ _0\"></span>egated int<span class=\"_ _c\"></span>o groups f<span class=\"_ _0\"></span>or measur<span class=\"_ _0\"></span>ement purposes.<span class=\"_ _2\"></span> Gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts are det<span class=\"_ _c\"></span>ermined by identifying portfolios of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> each comprising contr<span class=\"_ _c\"></span>acts subject to similar risks and managed t<span class=\"_ _0\"></span>ogether<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> and dividing each portfolio into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts (i.e.<span class=\"_ _2\"></span> by y<span class=\"_ _0\"></span>ear of issue) and each annual cohort into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>acts that,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous subsequently <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>An<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>emaining contr<span class=\"_ _0\"></span>acts in the annual cohort<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts it issues from the earliest of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When the first payment fr<span class=\"_ _c\"></span>om a policyholder in the group becomes due or when the first pa<span class=\"_ _0\"></span>yment is r<span class=\"_ _0\"></span>eceived if ther<span class=\"_ _c\"></span>e is no due date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>When f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate that the contr<span class=\"_ _c\"></span>act is onerous<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _c\"></span>ofitability of gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts is assessed by actuarial v<span class=\"_ _c\"></span>aluation models that tak<span class=\"_ _0\"></span>e into consider<span class=\"_ _c\"></span>ation existing and new business.<span class=\"_ _b\"></span> The Gr<span class=\"_ _c\"></span>oup assumes that no contracts in the portfolio ar<span class=\"_ _c\"></span>e onerous at initial r<span class=\"_ _c\"></span>ecognition unless facts and cir<span class=\"_ _0\"></span>cumst<span class=\"_ _0\"></span>ances indicate otherwise.<span class=\"_ _2\"></span> For contr<span class=\"_ _c\"></span>acts that are not oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup assesses,<span class=\"_ _2\"></span> at initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> that there is no significant possibility of becoming oner<span class=\"_ _0\"></span>ous subsequently by assessing the lik<span class=\"_ _c\"></span>elihood of changes in applicable facts and cir<span class=\"_ _c\"></span>cumstances.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup considers facts and<span class=\"_ _0\"></span> cir<span class=\"_ _0\"></span>cumstances t<span class=\"_ _c\"></span>o identify whether a group of contr<span class=\"_ _c\"></span>acts are oner<span class=\"_ _c\"></span>ous based on:<span class=\"_ _c\"></span>  <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Pricing inf<span class=\"_ _0\"></span>ormation <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Results of similar contr<span class=\"_ _c\"></span>acts it has recognised <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>En<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onmental f<span class=\"_ _c\"></span>actors,<span class=\"_ _2\"></span> e.g<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> a change in mark<span class=\"_ _0\"></span>et experience or r<span class=\"_ _0\"></span>egulations<span class=\"_ _2d8\"> </span>Reinsurance<span class=\"_ _c\"></span> contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Some r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts pr<span class=\"_ _0\"></span>ovide co<span class=\"_ _c\"></span>ver for underlying contr<span class=\"_ _c\"></span>acts that are included in dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent groups.<span class=\"_ _b\"></span> Howev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> the Group concludes that the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act\u2019<span class=\"_ _2\"></span>s legal form of a single contr<span class=\"_ _c\"></span>act reflects the subst<span class=\"_ _0\"></span>ance of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s contractual rights and obligations<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> considering that the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent covers lapse t<span class=\"_ _c\"></span>ogether and are not sold separ<span class=\"_ _c\"></span>ately<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a result,<span class=\"_ _b\"></span> the reinsur<span class=\"_ _c\"></span>ance contract is not separ<span class=\"_ _c\"></span>ated int<span class=\"_ _0\"></span>o multiple insur<span class=\"_ _c\"></span>ance components that relat<span class=\"_ _c\"></span>e to dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent underlying groups<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts held at the earlier of the f<span class=\"_ _0\"></span>ollowing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The beginning of the co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of the gr<span class=\"_ _0\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The dat<span class=\"_ _c\"></span>e the Group r<span class=\"_ _c\"></span>ecognises an onerous gr<span class=\"_ _c\"></span>oup of underlying insurance contr<span class=\"_ _c\"></span>acts if the Group ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act held in the gr<span class=\"_ _0\"></span>oup of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held at or befor<span class=\"_ _c\"></span>e that date<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup adds new contracts t<span class=\"_ _c\"></span>o the group in the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting period in which that contr<span class=\"_ _0\"></span>act meets one of the crit<span class=\"_ _0\"></span>eria set out abov<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>(ii<span class=\"_ _1\"></span>i) Me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nt<span class=\"_ _2d8\"> </span>Summary of<span class=\"_ _0\"></span> measuremen<span class=\"_ _0\"></span>t appr<span class=\"_ _0\"></span>oaches<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup uses the following measur<span class=\"_ _c\"></span>ement approaches t<span class=\"_ _c\"></span>o its insurance and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span><table class=\"s w1bc h73\" id=\"_55360455-9856-4c92-9e21-664a1f84c7a1\"><tr><td></td><td class=\"c n x380 y2580 w1bd h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Product classification<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x381 y2580 w1be h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Measurement model<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2581 ff2 fs7 fc2 sc0 lsad ws7c\">Insurance contracts issued<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2582 w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x383 y2582 w1c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x384 y2582 w1c1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _2\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x382 h12 y2583 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w1c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance \u2013 excess of loss r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x385 y24bc w1c3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsurance contr<span class=\"_ _c\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x386 y24bc w1c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Premium Allocation Appr<span class=\"_ _c\"></span>oach <span class=\"_ _1\"></span>(\u201cP<span class=\"_ _c\"></span>AA<span class=\"_ _c\"></span>\u201d)<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup applies the premium allocation appr<span class=\"_ _c\"></span>oach to all the insur<span class=\"_ _c\"></span>ance contracts that it issues and r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts that it holds,<span class=\"_ _2\"></span> as the cov<span class=\"_ _c\"></span>erage period of each contr<span class=\"_ _c\"></span>act in the group is one y<span class=\"_ _c\"></span>ear or less,<span class=\"_ _2\"></span> including insurance contr<span class=\"_ _c\"></span>act services arising from all pr<span class=\"_ _c\"></span>emiums within the contr<span class=\"_ _0\"></span>act boundary<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not expect significant variability in the fulfilment cash flo<span class=\"_ _0\"></span>ws that would af<span class=\"_ _0\"></span>fect the measur<span class=\"_ _c\"></span>ement of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age during the period befor<span class=\"_ _c\"></span>e a claim is incurred.<span class=\"_ _2d8\"> </span>All the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance contr<span class=\"_ _c\"></span>acts have a co<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age period of one year or less.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s reinsur<span class=\"_ _c\"></span>ance contracts held ar<span class=\"_ _c\"></span>e excess of loss contr<span class=\"_ _0\"></span>acts and ar<span class=\"_ _0\"></span>e loss occurring.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group does not issue an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insuran<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d) is measured at: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span> <span class=\"_ _26\"></span>The pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed on initial r<span class=\"_ _0\"></span>ecognition <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus an<span class=\"_ _c\"></span>y insurance acquisition cash flo<span class=\"_ _0\"></span>ws allocat<span class=\"_ _0\"></span>ed to the gr<span class=\"_ _c\"></span>oup at that date <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Adjust<span class=\"_ _0\"></span>ed for an<span class=\"_ _c\"></span>y amount arising from the der<span class=\"_ _c\"></span>ecognition of any assets or liabilities pr<span class=\"_ _c\"></span>eviously r<span class=\"_ _0\"></span>ecognised for cash flo<span class=\"_ _0\"></span>ws r<span class=\"_ _0\"></span>elated t<span class=\"_ _c\"></span>o the gr<span class=\"_ _0\"></span>oup (including assets f<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance acquisition cash flows) The Gr<span class=\"_ _c\"></span>oup has chosen not to expense insur<span class=\"_ _c\"></span>ance acquisition cash flows when they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>Subsequently<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span> the Gr<span class=\"_ _c\"></span>oup measures the carrying amount of the LRC at the end of each r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period as the LRC at the beginning of the period: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus pr<span class=\"_ _c\"></span>emiums receiv<span class=\"_ _0\"></span>ed in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus insur<span class=\"_ _c\"></span>ance acquisition cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Plus an<span class=\"_ _0\"></span>y amounts r<span class=\"_ _0\"></span>elating to the amortisation of insur<span class=\"_ _0\"></span>ance acquisition cash flows r<span class=\"_ _c\"></span>ecognised as an expense in the r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>ting period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Minus the amount r<span class=\"_ _c\"></span>ecognised as insurance r<span class=\"_ _c\"></span>ev<span class=\"_ _0\"></span>enue f<span class=\"_ _0\"></span>or the services pro<span class=\"_ _0\"></span>vided in the period<span class=\"_ _2d8\"> </span>On initial r<span class=\"_ _0\"></span>ecognition of each gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup expects that the time between pr<span class=\"_ _c\"></span>oviding each part of the ser<span class=\"_ _1\"></span>vices and the r<span class=\"_ _0\"></span>elated pr<span class=\"_ _c\"></span>emium due date is no mor<span class=\"_ _c\"></span>e than a year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Accordingly<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the Group has chosen not t<span class=\"_ _c\"></span>o adjust the liability for r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _c\"></span>erage t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect the time value of mone<span class=\"_ _0\"></span>y and the eff<span class=\"_ _c\"></span>ect of financial risk.<span class=\"_ _2d8\"> </span>If at an<span class=\"_ _0\"></span>y time during the cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age period,<span class=\"_ _2\"></span> facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e that a group of contr<span class=\"_ _c\"></span>acts is onerous<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> then the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>ecognises a loss in Pr<span class=\"_ _0\"></span>ofit or Loss and incr<span class=\"_ _c\"></span>eases the liability for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age to the ext<span class=\"_ _c\"></span>ent that the current estimat<span class=\"_ _c\"></span>es of the fulfilment cash flows that r<span class=\"_ _c\"></span>elate t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age exceed the carrying amount of the liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discounted (at curr<span class=\"_ _c\"></span>ent rat<span class=\"_ _c\"></span>es) if the liability for incurr<span class=\"_ _0\"></span>ed claims is also discount<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup recognises the liability f<span class=\"_ _0\"></span>or incurr<span class=\"_ _0\"></span>ed claims (\u201cLIC\u201d) of a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts at the amount of the fulfilment cash flows (\u201cFCF\u201d) r<span class=\"_ _0\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fulfilment cash flows ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed (at current r<span class=\"_ _c\"></span>ates) unless the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be paid in one year or less fr<span class=\"_ _c\"></span>om the date the claims ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2d8\"> </span>The carrying amount of a group of insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts issued at the end of each r<span class=\"_ _0\"></span>eporting period is the sum of: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ws10b\"> The <span class=\"_ _10\"> </span>LRC</span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The LIC<span class=\"_ _2d8\"> </span>Ri<span class=\"_ _1\"></span>sk a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt for n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>al ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>An explicit risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is estimated separ<span class=\"_ _c\"></span>ate fr<span class=\"_ _c\"></span>om the other estimates.<span class=\"_ _b\"></span> Unless contracts ar<span class=\"_ _c\"></span>e onerous,<span class=\"_ _b\"></span> the explicit risk adjustment for non-financial risk is only estimat<span class=\"_ _c\"></span>ed for the measur<span class=\"_ _0\"></span>ement of the LIC.<span class=\"_ _2d8\"> </span>This risk adjustment r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the compensation that the Gr<span class=\"_ _0\"></span>oup r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing the uncertainty about the amount and timing of cash flows that arise fr<span class=\"_ _c\"></span>om non-financial risk.<span class=\"_ _2\"></span> Non-financial risk is risk arising from insur<span class=\"_ _c\"></span>ance contracts other than financial risk,<span class=\"_ _b\"></span> which is included in the estimat<span class=\"_ _0\"></span>es of futur<span class=\"_ _0\"></span>e cash flows or the discount r<span class=\"_ _c\"></span>ate used t<span class=\"_ _0\"></span>o adjust the cash flows.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risks cov<span class=\"_ _c\"></span>ered b<span class=\"_ _0\"></span>y the risk adjustment for non-financial risk ar<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ance risk and other non-financial risks such as lapse risk and expense risk.<span class=\"_ _2d8\"> </span>The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk for insur<span class=\"_ _c\"></span>ance contracts measur<span class=\"_ _c\"></span>es the compensation that the Group w<span class=\"_ _c\"></span>ould requir<span class=\"_ _0\"></span>e t<span class=\"_ _0\"></span>o make it<span class=\"_ _0\"></span> indif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ent between: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that has a r<span class=\"_ _c\"></span>ange of possible outcomes arising from non-financial risk <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Fulfilling a liability that will gener<span class=\"_ _c\"></span>ate fix<span class=\"_ _0\"></span>ed cash flows with the same expect<span class=\"_ _c\"></span>ed present v<span class=\"_ _0\"></span>alue as the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _2d8\"> </span>Reinsurance cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s held<span class=\"_ _2d8\"> </span>The excess of loss r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held pro<span class=\"_ _c\"></span>vide cover<span class=\"_ _c\"></span>age on the motor insur<span class=\"_ _c\"></span>ance contracts originat<span class=\"_ _c\"></span>ed for claims incurr<span class=\"_ _0\"></span>ed during an accident year and ar<span class=\"_ _c\"></span>e accounted f<span class=\"_ _0\"></span>or under the P<span class=\"_ _c\"></span>AA.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group measur<span class=\"_ _c\"></span>es its reinsur<span class=\"_ _c\"></span>ance assets for a gr<span class=\"_ _c\"></span>oup of reinsur<span class=\"_ _c\"></span>ance contracts that it holds on the same basis as insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts that it issues.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held,<span class=\"_ _2\"></span> on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age at the amount of ceding pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> at each of the subsequent r<span class=\"_ _0\"></span>eporting dates,<span class=\"_ _2\"></span> the r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age is: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incr<span class=\"_ _c\"></span>eased for ceding pr<span class=\"_ _0\"></span>emiums paid in the period <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Decr<span class=\"_ _c\"></span>eased for the amounts of ceding pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>ecognised as reinsur<span class=\"_ _c\"></span>ance expenses f<span class=\"_ _0\"></span>or the services receiv<span class=\"_ _0\"></span>ed in the period<span class=\"_ _2d8\"> </span>Assets for r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts consist of the asset for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age (\u201c<span class=\"_ _2\"></span>ARC\u201d) and the asset for incurr<span class=\"_ _0\"></span>ed claims (\u201c<span class=\"_ _2\"></span>AIC\u201d) being the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers\u2019<span class=\"_ _2\"></span> share of c<span class=\"_ _0\"></span>laims that have alr<span class=\"_ _c\"></span>eady been incurred.<span class=\"_ _2d8\"> </span>For r<span class=\"_ _c\"></span>einsurance contr<span class=\"_ _c\"></span>acts held,<span class=\"_ _2\"></span> the risk adjustment for non-financial risk pr<span class=\"_ _c\"></span>esents the amount of risk being transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _c\"></span>oup to the<span class=\"_ gs41\"> </span>r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>er<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>Asse<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>or insur<span class=\"_ _c\"></span>ance acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n cash<span class=\"_ _0\"></span> flo<span class=\"_ _0\"></span>ws<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup includes the following acquisition cash flo<span class=\"_ _0\"></span>ws within the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act boundary that arise from selling<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> underwriting and starting a gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts and that ar<span class=\"_ _0\"></span>e:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span>Costs dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o individual contracts and gr<span class=\"_ _c\"></span>oups of contracts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>Costs dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able to the portfolio of insur<span class=\"_ _c\"></span>ance contracts t<span class=\"_ _c\"></span>o which the group belongs<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e allocated on a r<span class=\"_ _c\"></span>easonable and consistent basis t<span class=\"_ _c\"></span>o measure the gr<span class=\"_ _c\"></span>oup of insurance contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance acquisition cash flows arising bef<span class=\"_ _c\"></span>ore the r<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _c\"></span>ecognised as an asset.<span class=\"_ _2\"></span> Insurance acquisition cash flows arise when the<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e paid or when a liability is requir<span class=\"_ _c\"></span>ed to be r<span class=\"_ _c\"></span>ecognised under a standar<span class=\"_ _0\"></span>d other than IFRS 17.<span class=\"_ _2\"></span> Such an asset is r<span class=\"_ _0\"></span>ecognised for each gr<span class=\"_ _c\"></span>oup of contr<span class=\"_ _0\"></span>acts to which the insur<span class=\"_ _c\"></span>ance acquisition cash flows ar<span class=\"_ _c\"></span>e allocated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The asset is derecognised,<span class=\"_ _2\"></span> fully or partially<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> when the insurance acquisition cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e included in the measur<span class=\"_ _0\"></span>ement of the gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2d8\"> </span>Reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>abi<span class=\"_ _1\"></span>lity<span class=\"_ _0\"></span> assessment<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> if f<span class=\"_ _0\"></span>acts and cir<span class=\"_ _0\"></span>cumstances indicat<span class=\"_ _c\"></span>e that an asset for insur<span class=\"_ _0\"></span>ance acquisition cash flows ma<span class=\"_ _0\"></span>y be impaired,<span class=\"_ _b\"></span> then<span class=\"_ _1\"></span> the<span class=\"_ gs41\"> </span>Gr<span class=\"_ _0\"></span>oup:<span class=\"_ _c\"></span> a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>Recognises an impairment loss in Pr<span class=\"_ _0\"></span>ofit or Loss so that the carrying amount of the asset does not exceed the expect<span class=\"_ _c\"></span>ed net cash inflow for<span class=\"_ gs41\"> </span>the r<span class=\"_ _c\"></span>elated gr<span class=\"_ _c\"></span>oup<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the asset r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to futur<span class=\"_ _c\"></span>e rene<span class=\"_ _0\"></span>wals,<span class=\"_ _2\"></span> r<span class=\"_ _c\"></span>ecognises an impairment loss in Profit or L<span class=\"_ _c\"></span>oss to the ext<span class=\"_ _0\"></span>ent that it expects those insur<span class=\"_ _c\"></span>ance acquisition cash flows t<span class=\"_ _c\"></span>o exceed the net cash inflow f<span class=\"_ _0\"></span>or the expect<span class=\"_ _0\"></span>ed rene<span class=\"_ _0\"></span>wals and this e<span class=\"_ _0\"></span>xcess has not alr<span class=\"_ _0\"></span>eady been recognised as an impairment loss under (a)<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup rev<span class=\"_ _c\"></span>erses any impairment losses in Pr<span class=\"_ _c\"></span>ofit or Loss and incr<span class=\"_ _0\"></span>eases the carrying amount of the asset to the ext<span class=\"_ _c\"></span>ent that the impairment conditions hav<span class=\"_ _0\"></span>e impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span>Modification and der<span class=\"_ _0\"></span>ecognition<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup derecognises insur<span class=\"_ _c\"></span>ance contracts when: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is extinguished (i.e.<span class=\"_ _2\"></span> when the obligation specified in the insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act expir<span class=\"_ _c\"></span>es or is discharged or cancelled) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>act is modified and cer<span class=\"_ _1\"></span>tain additional crit<span class=\"_ _c\"></span>eria are met<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract is modified by the Gr<span class=\"_ _c\"></span>oup as a r<span class=\"_ _0\"></span>esult of an agreement with the count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ties or due to a c<span class=\"_ _0\"></span>hange in r<span class=\"_ _0\"></span>egulations,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup treats changes in cash flo<span class=\"_ _0\"></span>ws caused by the modification as changes in estimat<span class=\"_ _c\"></span>es of the FCF<span class=\"_ _b\"></span>,<span class=\"_ _2\"></span> unless the conditions for the der<span class=\"_ _c\"></span>ecognition of the original contract ar<span class=\"_ _c\"></span>e met.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup derecognises the original contr<span class=\"_ _c\"></span>act and recognises the modified contr<span class=\"_ _c\"></span>act as a new contr<span class=\"_ _c\"></span>act if any of the f<span class=\"_ _0\"></span>ollowing conditions ar<span class=\"_ _c\"></span>e present:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the modified terms had been included at contr<span class=\"_ _c\"></span>act inception and the Gr<span class=\"_ _0\"></span>oup would hav<span class=\"_ _0\"></span>e concluded that the modified contr<span class=\"_ _c\"></span>act: <span class=\"_ _c9\"> </span>i.<span class=\"_ _c\"></span>  <span class=\"_ _7\"> </span>Is not in scope of IFRS 17 <span class=\"_ _c9\"> </span>ii.<span class=\"_ _c\"></span>  <span class=\"_ _3\"> </span>Results in diff<span class=\"_ _c\"></span>erent separ<span class=\"_ _c\"></span>able components <span class=\"_ _c9\"> </span>iii.<span class=\"_ _c\"></span>  <span class=\"_ _0\"></span>Results in a diff<span class=\"_ _c\"></span>erent contr<span class=\"_ _c\"></span>act boundar<span class=\"_ _1\"></span>y <span class=\"_ _c9\"> </span>iv<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span>  Belongs to a dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ent group of contr<span class=\"_ _c\"></span>acts<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>The original contr<span class=\"_ _c\"></span>act was accounted f<span class=\"_ _c\"></span>or under the P<span class=\"_ _c\"></span>AA,<span class=\"_ _2\"></span> but the modification means that the contract no longer meets the eligibility criteria f<span class=\"_ _c\"></span>or that approach<span class=\"_ _2d8\"> </span>When an insur<span class=\"_ _c\"></span>ance contract account<span class=\"_ _0\"></span>ed for under the P<span class=\"_ _2\"></span>AA is derecognised,<span class=\"_ _b\"></span> adjustments to the FCF t<span class=\"_ _0\"></span>o remo<span class=\"_ _c\"></span>ve r<span class=\"_ _0\"></span>elating rights and obligations,<span class=\"_ _2\"></span> and account f<span class=\"_ _0\"></span>or the eff<span class=\"_ _c\"></span>ect of the derecognition r<span class=\"_ _c\"></span>esult in the following amounts being char<span class=\"_ _c\"></span>ged immediately t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _7\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _0\"></span>act is extinguished,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the der<span class=\"_ _0\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC of the original contr<span class=\"_ _c\"></span>act and any other cash flows arising fr<span class=\"_ _c\"></span>om extinguishment<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the contr<span class=\"_ _c\"></span>act is transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed to the thir<span class=\"_ _c\"></span>d par<span class=\"_ _1\"></span>ty<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> an<span class=\"_ _0\"></span>y net diff<span class=\"_ _c\"></span>erence betw<span class=\"_ _0\"></span>een the derecognised part of the LRC of the original contr<span class=\"_ _0\"></span>act and the pr<span class=\"_ _0\"></span>emium charged b<span class=\"_ _c\"></span>y the third party<span class=\"_ _2d8\"> </span>c.<span class=\"_ _2\"></span> <span class=\"_ _1f\"> </span> <span class=\"_ _26\"></span>If the original contr<span class=\"_ _0\"></span>act is modified r<span class=\"_ _0\"></span>esulting in its der<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> any net dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the der<span class=\"_ _c\"></span>ecognised par<span class=\"_ _1\"></span>t of the LRC and the hypothetical pr<span class=\"_ _c\"></span>emium the entity would hav<span class=\"_ _0\"></span>e charged had it ent<span class=\"_ _c\"></span>ered int<span class=\"_ _0\"></span>o a contr<span class=\"_ _c\"></span>act with equivalent terms as the ne<span class=\"_ _0\"></span>w contr<span class=\"_ _0\"></span>act at the date of the contr<span class=\"_ _c\"></span>act modification,<span class=\"_ _2\"></span> less any additional pr<span class=\"_ _c\"></span>emium charged f<span class=\"_ _0\"></span>or the modification<span class=\"_ _2d8\"> </span>(iv<span class=\"_ _c\"></span>) Presentation<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has present<span class=\"_ _0\"></span>ed separ<span class=\"_ _0\"></span>ately<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> in the Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the carrying amount of por<span class=\"_ _1\"></span>tfolios of insur<span class=\"_ _c\"></span>ance contracts issued<span class=\"_ _0\"></span> and portfolios of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has elected to disaggr<span class=\"_ _c\"></span>egate part of the mov<span class=\"_ _0\"></span>ement in LIC r<span class=\"_ _0\"></span>esulting fr<span class=\"_ _0\"></span>om the changes in discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and pr<span class=\"_ _0\"></span>esent this in the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup disaggregat<span class=\"_ _c\"></span>es the tot<span class=\"_ _0\"></span>al amount r<span class=\"_ _0\"></span>ecognised in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income int<span class=\"_ _0\"></span>o an insur<span class=\"_ _0\"></span>ance service result,<span class=\"_ _2\"></span> comprising insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue and insur<span class=\"_ _0\"></span>ance service expense,<span class=\"_ _2\"></span> and insur<span class=\"_ _0\"></span>ance finance income or expenses.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup does not disaggregat<span class=\"_ _0\"></span>e the change in risk adjustment for non-financial risk betw<span class=\"_ _0\"></span>een a financial and non-financial portion and includes the entir<span class=\"_ _0\"></span>e change as part of the insurance service r<span class=\"_ _0\"></span>esult.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup separat<span class=\"_ _0\"></span>ely pr<span class=\"_ _0\"></span>esents income or expenses fr<span class=\"_ _c\"></span>om reinsur<span class=\"_ _c\"></span>ance contracts held fr<span class=\"_ _c\"></span>om the expenses or income fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ gs41\"> </span>issued.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>NCE C<span class=\"_ _1\"></span>ONTR<span class=\"_ _1\"></span>ACTS I<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UE<span class=\"_ _1\"></span>D<span class=\"_ _2d8\"> </span>Insurance rev<span class=\"_ _0\"></span>enue<span class=\"_ _2d8\"> </span>As the Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>ovides insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>act services under the group of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> it reduces the LRC and r<span class=\"_ _c\"></span>ecognises insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of pr<span class=\"_ _c\"></span>omised ser<span class=\"_ _1\"></span>vices at an amount that r<span class=\"_ _0\"></span>eflects the portion of consideration that the Gr<span class=\"_ _c\"></span>oup expects to be entitled t<span class=\"_ _c\"></span>o in exchange for those services.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures all insur<span class=\"_ _c\"></span>ance contracts under the P<span class=\"_ _2\"></span>AA and recognises insur<span class=\"_ _c\"></span>ance re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue based on the passage of time ov<span class=\"_ _c\"></span>er the cov<span class=\"_ _c\"></span>erage period of a gr<span class=\"_ _c\"></span>oup of contracts<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Insurance service expenses<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance service expenses include the follo<span class=\"_ _c\"></span>wing: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims and benefits <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to futur<span class=\"_ _c\"></span>e service \u2013 changes in the FCF that result in oner<span class=\"_ _c\"></span>ous contract losses or r<span class=\"_ _c\"></span>eversals of those losses<span class=\"_ _2d8\"> </span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws is based on the passage of time.<span class=\"_ _2d8\"> </span>Other expenses not meeting the abo<span class=\"_ _0\"></span>ve cat<span class=\"_ _c\"></span>egories are included in other oper<span class=\"_ _c\"></span>ating expenses in the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2d8\"> </span>IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>ERVI<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T FR<span class=\"_ _1\"></span>OM R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E CON<span class=\"_ _1\"></span>TR<span class=\"_ _1\"></span>ACTS HE<span class=\"_ _1\"></span>LD<span class=\"_ _2d8\"> </span>Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _2\"></span>) from reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup presents separ<span class=\"_ _c\"></span>ately on the face of the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and the Stat<span class=\"_ _c\"></span>ement of Comprehensiv<span class=\"_ _0\"></span>e Income,<span class=\"_ _2\"></span> the amounts expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers,<span class=\"_ _2\"></span> and an allocation of the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>emiums paid.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The net income/(expense) fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held comprise: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>For gr<span class=\"_ _c\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er fees ar<span class=\"_ _c\"></span>e included within reinsur<span class=\"_ _c\"></span>ance expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Other incurr<span class=\"_ _c\"></span>ed directly attribut<span class=\"_ _0\"></span>able expenses <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Changes that r<span class=\"_ _c\"></span>elate to past service \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _c\"></span>ed claims reco<span class=\"_ _0\"></span>very <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hanges in the risk of r<span class=\"_ _0\"></span>einsurers\u2019<span class=\"_ _b\"></span> non-performance <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ls3\">Amounts r<span class=\"_ _0\"></span>elating to accounting f<span class=\"_ _c\"></span>or onerous gr<span class=\"_ _c\"></span>oups of underlying insurance contr<span class=\"_ _c\"></span>acts issued<span class=\"_ _2d8\"> </span></span>Reinsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _c\"></span>e recognised similarly t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The amount of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses r<span class=\"_ _c\"></span>ecognised in the reporting period depicts the tr<span class=\"_ _0\"></span>ansfer of r<span class=\"_ _c\"></span>eceived insur<span class=\"_ _c\"></span>ance contract services at an amount that r<span class=\"_ _0\"></span>eflects the portion of ceding premiums that the Gr<span class=\"_ _0\"></span>oup expects t<span class=\"_ _0\"></span>o pay in exchange f<span class=\"_ _c\"></span>or those ser<span class=\"_ _1\"></span>vices.<span class=\"_ _2\"></span> Br<span class=\"_ _c\"></span>oker f<span class=\"_ _0\"></span>ees ar<span class=\"_ _0\"></span>e included in r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses.<span class=\"_ _b\"></span> All gr<span class=\"_ _0\"></span>oups of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed under the P<span class=\"_ _c\"></span>AA and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance expenses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised based on the passage of time ov<span class=\"_ _c\"></span>er the cover<span class=\"_ _c\"></span>age period of a group of contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2d8\"> </span>AMO<span class=\"_ _1\"></span>UN<span class=\"_ _1\"></span>TS R<span class=\"_ _1\"></span>ECO<span class=\"_ _1\"></span>GN<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>D IN T<span class=\"_ _1\"></span>HE S<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT O<span class=\"_ _1\"></span>F PRO<span class=\"_ _1\"></span>FI<span class=\"_ _1\"></span>T OR LOS<span class=\"_ _1\"></span>S AN<span class=\"_ _1\"></span>D OTH<span class=\"_ _1\"></span>ER C<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>EH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>IVE I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>INSUR<span class=\"_ _1\"></span>ANCE FINANCE<span class=\"_ _0\"></span> INCOME OR EX<span class=\"_ _0\"></span>PEN<span class=\"_ _1\"></span>SES<span class=\"_ _2d8\"> </span>Insur<span class=\"_ _0\"></span>ance finance income or expenses comprise the change in the carrying amount of the gr<span class=\"_ _0\"></span>oup of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of the time value of mone<span class=\"_ _0\"></span>y and changes in the time value of mone<span class=\"_ _c\"></span>y <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The ef<span class=\"_ _c\"></span>fect of financial risk and changes in financial risk<span class=\"_ _2d8\"> </span>For contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA,<span class=\"_ _2\"></span> the main amounts within insurance finance income or e<span class=\"_ _0\"></span>xpenses ar<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span>a.<span class=\"_ _2\"></span> <span class=\"_ _4\"> </span>Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed on the LIC<span class=\"_ _2d8\"> </span>b<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _6\"> </span>The ef<span class=\"_ _c\"></span>fect of changes in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates and other financial assumptions<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup disaggregat<span class=\"_ _0\"></span>es insur<span class=\"_ _0\"></span>ance finance income or expenses on mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts issued between Pr<span class=\"_ _c\"></span>ofit or Loss and OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has made an accounting policy choice t<span class=\"_ _0\"></span>o disaggr<span class=\"_ _0\"></span>egate insur<span class=\"_ _c\"></span>ance finance income or expenses for the period t<span class=\"_ _c\"></span>o include within OCI an amount which r<span class=\"_ _0\"></span>eflects the dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the carrying amount of a group of contr<span class=\"_ _c\"></span>acts and the amount that the group w<span class=\"_ _0\"></span>ould hav<span class=\"_ _0\"></span>e been measur<span class=\"_ _0\"></span>ed at using the discount r<span class=\"_ _0\"></span>ates in ef<span class=\"_ _c\"></span>fect on initial r<span class=\"_ _c\"></span>ecognition,<span class=\"_ _2\"></span> effectiv<span class=\"_ _c\"></span>ely reflecting the impact of discount r<span class=\"_ _c\"></span>ate changes on the opening liability for incurr<span class=\"_ _c\"></span>ed claims thr<span class=\"_ _0\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The amount r<span class=\"_ _0\"></span>ecognised in Other Compr<span class=\"_ _0\"></span>ehensive Income o<span class=\"_ _c\"></span>ver the dur<span class=\"_ _0\"></span>ation of a gr<span class=\"_ _0\"></span>oup of contr<span class=\"_ _0\"></span>acts will always t<span class=\"_ _c\"></span>otal zer<span class=\"_ _c\"></span>o.<span class=\"_ _2d8\"> </span>The impact of changes in mark<span class=\"_ _c\"></span>et inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on the v<span class=\"_ _c\"></span>alue of the insurance assets and liabilities ar<span class=\"_ _c\"></span>e reflect<span class=\"_ _0\"></span>ed in OCI in or<span class=\"_ _0\"></span>der to minimise<span class=\"_ _0\"></span> accounting mismatches between the accounting f<span class=\"_ _c\"></span>or financial assets and insurance assets and liabilities.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets backing the mot<span class=\"_ _0\"></span>or insur<span class=\"_ _0\"></span>ance por<span class=\"_ _1\"></span>tf<span class=\"_ _0\"></span>olios ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>edominantly measured at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d).<span class=\"_ _2d8\"> </span>RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o Notes 3.6 and 3.7 f<span class=\"_ _0\"></span>or detail on risks r<span class=\"_ _c\"></span>elating to insur<span class=\"_ _c\"></span>ance liabilities and reinsur<span class=\"_ _c\"></span>ance assets,<span class=\"_ _2\"></span> and the management thereof<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Pay<span class=\"_ _c\"></span>ables are r<span class=\"_ _0\"></span>ecognised when the Gr<span class=\"_ _0\"></span>oup has a contr<span class=\"_ _0\"></span>actual obligation t<span class=\"_ _0\"></span>o deliver cash or another financial asset t<span class=\"_ _c\"></span>o another entity<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> or a contr<span class=\"_ _0\"></span>actual obligation to e<span class=\"_ _0\"></span>xchange financial assets or financial liabilities with another entity under conditions that ar<span class=\"_ _0\"></span>e pot<span class=\"_ _0\"></span>entially unfa<span class=\"_ _0\"></span>vour<span class=\"_ _c\"></span>able to the entity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Payables ar<span class=\"_ _c\"></span>e carried at amor<span class=\"_ _1\"></span>tised cost.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-391": {
   "value": "CRITI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span>AL A<span class=\"_ _c\"></span>C<span class=\"_ _1\"></span>COUNTIN<span class=\"_ _1\"></span>G ESTI<span class=\"_ _1\"></span>MA<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>S AND JUD<span class=\"_ _1\"></span>GEM<span class=\"_ _1\"></span>ENT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ation of these Consolidat<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _c\"></span>ements requir<span class=\"_ _c\"></span>es the Group t<span class=\"_ _0\"></span>o select accounting policies and mak<span class=\"_ _0\"></span>e estimates<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> assumptions and judgements.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The ke<span class=\"_ _c\"></span>y assumptions concerning the future and other k<span class=\"_ _0\"></span>ey sour<span class=\"_ _c\"></span>ces of estimation uncer<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ainty at the r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> that hav<span class=\"_ _0\"></span>e a significant risk of causing a material adjustment t<span class=\"_ _c\"></span>o the carr<span class=\"_ _1\"></span>ying amounts of assets and liabilities within the next financial y<span class=\"_ _0\"></span>ear<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> ar<span class=\"_ _0\"></span>e discussed below<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup based its assumptions and estimates on inf<span class=\"_ _c\"></span>ormation and facts av<span class=\"_ _0\"></span>ailable when the financial stat<span class=\"_ _c\"></span>ements wer<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>epared.<span class=\"_ _b\"></span> Existing circumst<span class=\"_ _0\"></span>ances and assumptions about futur<span class=\"_ _0\"></span>e dev<span class=\"_ _0\"></span>elopments,<span class=\"_ _2\"></span> ho<span class=\"_ _0\"></span>wev<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> may change due to mark<span class=\"_ _c\"></span>et changes or cir<span class=\"_ _0\"></span>cumstances arising that ar<span class=\"_ _c\"></span>e beyond the contr<span class=\"_ _c\"></span>ol of the Group<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> Such changes are r<span class=\"_ _c\"></span>eflected in the assumptions when<span class=\"_ gs41\"> </span>they<span class=\"_ gs41\"> </span>occur<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup disaggr<span class=\"_ _0\"></span>egates inf<span class=\"_ _c\"></span>ormation to disclose major pr<span class=\"_ _c\"></span>oduct lines,<span class=\"_ _2\"></span> namely Motor <span class=\"_ _2\"></span>V<span class=\"_ _c\"></span>ehicle,<span class=\"_ _2\"></span> Mot<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>cycle and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG JUDG<span class=\"_ _1\"></span>EM<span class=\"_ _1\"></span>ENTS<span class=\"_ _2d8\"> </span>A<span class=\"_ _1\"></span>. Level of ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>ion a<span class=\"_ _1\"></span>nd me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>urem<span class=\"_ _1\"></span>ent mo<span class=\"_ _1\"></span>del fo<span class=\"_ _1\"></span>r ins<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>nce c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>cts<span class=\"_ _2d8\"> </span>For measur<span class=\"_ _c\"></span>ement purposes,<span class=\"_ _2\"></span> insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts are aggr<span class=\"_ _c\"></span>egated int<span class=\"_ _c\"></span>o groups based on an assessment of risks and dividing each portfolio into ann<span class=\"_ _c\"></span>ual cohor<span class=\"_ _1\"></span>ts by year of issue<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Judgement is r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed in assessing if the contr<span class=\"_ _0\"></span>acts have similar risks that ar<span class=\"_ _c\"></span>e managed together<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Each annual cohort is then divided into thr<span class=\"_ _c\"></span>ee groups based on the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> being contr<span class=\"_ _0\"></span>acts that ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous on initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> have no significant possibility of becoming oner<span class=\"_ _c\"></span>ous,<span class=\"_ _2\"></span> or an<span class=\"_ _0\"></span>y other contr<span class=\"_ _0\"></span>acts which do not fall int<span class=\"_ _c\"></span>o those categories.<span class=\"_ _b\"></span> Judgement<span class=\"_ gs41\"> </span>is applied t<span class=\"_ _0\"></span>o determine the pr<span class=\"_ _c\"></span>ofitability of contr<span class=\"_ _c\"></span>acts at initial recognition.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _c\"></span>oup applies the default assumption that no gr<span class=\"_ _0\"></span>oups of contr<span class=\"_ _0\"></span>acts ar<span class=\"_ _0\"></span>e oner<span class=\"_ _0\"></span>ous unless facts and cir<span class=\"_ _c\"></span>cumstances indicat<span class=\"_ _c\"></span>e otherwise.<span class=\"_ _2\"></span> Fur<span class=\"_ _1\"></span>ther judgement is applied to det<span class=\"_ _c\"></span>ermine how contr<span class=\"_ _0\"></span>acts will be measur<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group applies the P<span class=\"_ _2\"></span>AA to simplify the measur<span class=\"_ _c\"></span>ement of all insurance contr<span class=\"_ _c\"></span>acts issued and reinsur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts held.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The judgement around the P<span class=\"_ _2\"></span>AA has been disclosed in section B(iii) of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s accounting policies for insur<span class=\"_ _0\"></span>ance liabilities and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance<span class=\"_ gs41\"> </span>assets.<span class=\"_ _2d8\"> </span>B. Insurance acquisition cash flow<span class=\"_ _0\"></span>s<span class=\"_ _2d8\"> </span>IFRS 17 r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es an entity to include a portion of its ov<span class=\"_ _c\"></span>erhead costs that are dir<span class=\"_ _c\"></span>ectly attributable in fulfilling the obligations under an insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act,<span class=\"_ _2\"></span> in the fulfilment cash flows of the r<span class=\"_ _c\"></span>elated liability<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies judgement in determining the inputs used in the methodology to syst<span class=\"_ _c\"></span>ematically and rationally allocat<span class=\"_ _c\"></span>e insurance acquisition cash flows t<span class=\"_ _c\"></span>o groups of insur<span class=\"_ _c\"></span>ance contracts<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes judgements about the amounts allocat<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts expect<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o arise fr<span class=\"_ _0\"></span>om rene<span class=\"_ _0\"></span>wals of e<span class=\"_ _0\"></span>xisting insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts in a gr<span class=\"_ _0\"></span>oup and the volume of e<span class=\"_ _0\"></span>xpected r<span class=\"_ _c\"></span>enewals fr<span class=\"_ _c\"></span>om new contr<span class=\"_ _0\"></span>acts issued in the period.<span class=\"_ _2\"></span> At the end of each r<span class=\"_ _0\"></span>eporting period,<span class=\"_ _2\"></span> the Group r<span class=\"_ _c\"></span>evisits the assumptions made to allocat<span class=\"_ _c\"></span>e insurance acquisition cash flo<span class=\"_ _0\"></span>ws to gr<span class=\"_ _c\"></span>oups,<span class=\"_ _2\"></span> and wher<span class=\"_ _0\"></span>e necessary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> re<span class=\"_ _0\"></span>vises the amounts of assets for insur<span class=\"_ _c\"></span>ance acquisition cash flows accor<span class=\"_ _0\"></span>dingly<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>C. Di<span class=\"_ _1\"></span>scou<span class=\"_ _1\"></span>nt rate<span class=\"_ _1\"></span>s<span class=\"_ _2d8\"> </span>As ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no ref<span class=\"_ _c\"></span>erenced asset portfolios backing the LIC<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> because of the volatility and uncertainty of claims on short-term insur<span class=\"_ _c\"></span>ance contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup deemed it more appr<span class=\"_ _c\"></span>opriate t<span class=\"_ _0\"></span>o use the bottom-up appr<span class=\"_ _c\"></span>oach under IFRS 17 for discounting.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>This reflects a risk-fr<span class=\"_ _c\"></span>ee yield curve and an illiquidity pr<span class=\"_ _0\"></span>emium.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The standar<span class=\"_ _c\"></span>d does not specify how to calculat<span class=\"_ _c\"></span>e the illiquidity premium.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup uses the risk-free curves published b<span class=\"_ _0\"></span>y the Bank of England.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Solvency II GBP risk-fr<span class=\"_ _0\"></span>ee yield curve is based on six-month SONIA sw<span class=\"_ _0\"></span>ap r<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> corr<span class=\"_ _0\"></span>ected using an adjustment defined b<span class=\"_ _c\"></span>y the PRA for cr<span class=\"_ _0\"></span>edit risk.<span class=\"_ _2\"></span> SONIA-based yield curves ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed to cont<span class=\"_ _c\"></span>ain negligible cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> according t<span class=\"_ _c\"></span>o the Bank of England,<span class=\"_ _2\"></span> as the contracts that mak<span class=\"_ _c\"></span>e it up settle overnight.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has performed a number of analyses in det<span class=\"_ _0\"></span>ermining the choice of the illiquidity risk component,<span class=\"_ _2\"></span> including using the Solv<span class=\"_ _0\"></span>ency II volatility adjustment (\u201cV<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>\u201d).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The analyses did not identify an<span class=\"_ _0\"></span>y material dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ences in r<span class=\"_ _0\"></span>eserves.<span class=\"_ _2\"></span> Giv<span class=\"_ _0\"></span>en the natur<span class=\"_ _0\"></span>e of the liabilities and that ther<span class=\"_ _0\"></span>e is no penalty or surr<span class=\"_ _0\"></span>ender value t<span class=\"_ _c\"></span>o exit the insurance contr<span class=\"_ _c\"></span>acts,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup applied judgement in setting the illiquidity risk component and has selected the <span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>A to be an appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oxy f<span class=\"_ _0\"></span>or the illiquidity adjustment.<span class=\"_ _2d8\"> </span>Discount r<span class=\"_ _0\"></span>ates applied f<span class=\"_ _c\"></span>or discounting of future cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e listed belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w1c5 h74\" id=\"_70e6a041-6dd2-468b-a3d3-2a4a99df54e1\"><tr><td></td><td></td><td class=\"c n x387 y2584 w1c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x388 y2584 w1c7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x389 y2585 w1c8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 year<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38a y2585 w1c9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38b y2585 w1ca h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38c y2585 w1cb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">10 y<span class=\"_ _0\"></span>ears<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38d y2585 w1c8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">1 year<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38e y2585 w1c9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">3 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x38f y2585 w1ca h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">5 years<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x390 y2585 w1cc h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">10 years<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w1bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Motor insur<span class=\"_ _c\"></span>ance</div></td><td class=\"c n x391 y24cd w1cd h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _149\"> </span><span class=\"ff2 ls3a ws39\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>78%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"lsf5 ws106\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x392 y24bc w1ce h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf5 ws106\">3.77<span class=\"_ _1\"></span>%\ue01d<span class=\"_ _e4\"> </span><span class=\"lsde wse9\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x393 y24bc w1cf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsde wse9\">3<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1%<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x394 y24bc w1d0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls11 ws14\"><span class=\"_ gs102\"> </span>4.29%\ue01d</div></td><td class=\"c n x395 y24bc w1d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.7<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>%\ue01e</div></td><td class=\"c n x396 y24bc w1d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.39%\ue01e</div></td><td class=\"c n x397 y24bc w1d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4.28%\ue01e</div></td><td class=\"c n x398 y24bc w1d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4.3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>%\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>See Note 3.6 f<span class=\"_ _c\"></span>or the impact of a 1% increase or decr<span class=\"_ _c\"></span>ease in the discount rat<span class=\"_ _c\"></span>es used.<span class=\"_ _2d8\"> </span>D<span class=\"_ _0\"></span>. Risk adj<span class=\"_ _0\"></span>ustment f<span class=\"_ _0\"></span>or non-<span class=\"_ _1\"></span>financial risk<span class=\"_ _2d8\"> </span>The risk adjustment f<span class=\"_ _0\"></span>or non-financial risk is the compensation that the Gr<span class=\"_ _0\"></span>oup requir<span class=\"_ _c\"></span>es for bearing the uncertainty about the amount and timing of the cash flows of gr<span class=\"_ _c\"></span>oups of insurance contr<span class=\"_ _c\"></span>acts.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The risk adjustment reflects an amount that an insur<span class=\"_ _c\"></span>er would r<span class=\"_ _0\"></span>ationally pay t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>emov<span class=\"_ _0\"></span>e the uncertainty that futur<span class=\"_ _0\"></span>e cash flows could e<span class=\"_ _0\"></span>xceed the expect<span class=\"_ _0\"></span>ed value amount.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has estimated the risk adjustment using a methodology which t<span class=\"_ _0\"></span>argets a confidence le<span class=\"_ _0\"></span>vel (pr<span class=\"_ _c\"></span>obability of sufficiency) appr<span class=\"_ _c\"></span>oach between the 80th and 90th per<span class=\"_ _c\"></span>centile.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At 31 December 2025,<span class=\"_ _2\"></span> the net risk adjustment applied equates t<span class=\"_ _c\"></span>o an appro<span class=\"_ _0\"></span>ximat<span class=\"_ _0\"></span>e confidence interv<span class=\"_ _0\"></span>al of 81.4% (31 December 2024:<span class=\"_ _c\"></span> 80.6%).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>That is,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup has assessed its indiff<span class=\"_ _c\"></span>erence t<span class=\"_ _0\"></span>o uncertainty for all pr<span class=\"_ _c\"></span>oduct lines (as an indication of the compensation that it r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es for bearing non-financial risk) as being equiv<span class=\"_ _0\"></span>alent t<span class=\"_ _0\"></span>o the 80th to 90th per<span class=\"_ _c\"></span>centile confidence lev<span class=\"_ _0\"></span>el less the mean of an estimat<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>obability distribution of the future cash flo<span class=\"_ _c\"></span>ws.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup has estimat<span class=\"_ _0\"></span>ed the pr<span class=\"_ _0\"></span>obability distribution of the futur<span class=\"_ _0\"></span>e cash flows,<span class=\"_ _b\"></span> and the additional amount above the e<span class=\"_ _0\"></span>xpected pr<span class=\"_ _c\"></span>esent value of futur<span class=\"_ _0\"></span>e cash flows r<span class=\"_ _c\"></span>equired t<span class=\"_ _c\"></span>o meet the tar<span class=\"_ _c\"></span>get<span class=\"_ gs41\"> </span>percentiles<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Sabr<span class=\"_ _0\"></span>e uses a <span class=\"_ _2\"></span>\u2018bootstr<span class=\"_ _0\"></span>apping\u2019<span class=\"_ _2\"></span> method to cr<span class=\"_ _c\"></span>eate a distribution of outcomes f<span class=\"_ _0\"></span>or the outstanding c<span class=\"_ _0\"></span>laim amounts.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This distribution is assessed to calculat<span class=\"_ _c\"></span>e the risk adjustment at a chosen confidence level.<span class=\"_ _b\"></span> Bootstrapping in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es taking r<span class=\"_ _0\"></span>andom samples of the dat<span class=\"_ _0\"></span>a for analysis,<span class=\"_ _b\"></span> r<span class=\"_ _0\"></span>ather than using the full dataset.<span class=\"_ _b\"></span> Multiple random samples ar<span class=\"_ _c\"></span>e selected,<span class=\"_ _2\"></span> with each r<span class=\"_ _c\"></span>andom sample selected fr<span class=\"_ _0\"></span>om the full dat<span class=\"_ _0\"></span>aset.<span class=\"_ _2d8\"> </span>See Note 3.6 f<span class=\"_ _c\"></span>or the impact of moving the confidence int<span class=\"_ _0\"></span>erval of the book<span class=\"_ _0\"></span>ed risk adjustment up or down b<span class=\"_ _0\"></span>y 5ppts.<span class=\"_ _2d8\"> </span>CRITI<span class=\"_ _1\"></span>C<span class=\"_ _0\"></span>AL A<span class=\"_ _c\"></span>C<span class=\"_ _1\"></span>COUNTIN<span class=\"_ _1\"></span>G ESTI<span class=\"_ _1\"></span>MA<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>E. Liability for inc<span class=\"_ _0\"></span>urred claims<span class=\"_ _0\"></span> (<span class=\"_ _0\"></span>\u201cLIC\u201d<span class=\"_ _0\"></span>)<span class=\"_ _2d8\"> </span>The ultimat<span class=\"_ _0\"></span>e cost of outstanding claims is estimat<span class=\"_ _c\"></span>ed by using a r<span class=\"_ _0\"></span>ange of st<span class=\"_ _0\"></span>andard actuarial claims pr<span class=\"_ _c\"></span>ojection techniques<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as Chain<span class=\"_ gs41\"> </span>Ladder and Bornheutter<span class=\"_ _c\"></span>-Fer<span class=\"_ _0\"></span>guson methods.<span class=\"_ _2d8\"> </span>The main assumption underlying these t<span class=\"_ _0\"></span>echniques is that a Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s past claims dev<span class=\"_ _0\"></span>elopment experience can be used t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>oject futur<span class=\"_ _0\"></span>e claims dev<span class=\"_ _0\"></span>elopment and hence ultimat<span class=\"_ _0\"></span>e claims costs.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These methods extr<span class=\"_ _0\"></span>apolat<span class=\"_ _0\"></span>e the dev<span class=\"_ _0\"></span>elopment of paid and incurr<span class=\"_ _0\"></span>ed losses,<span class=\"_ _2\"></span> av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age costs per claim (including claims handling costs),<span class=\"_ _2\"></span> and claim numbers based on the observ<span class=\"_ _0\"></span>ed dev<span class=\"_ _0\"></span>elopment of earlier years and expect<span class=\"_ _0\"></span>ed loss r<span class=\"_ _0\"></span>atios.<span class=\"_ _2\"></span> Hist<span class=\"_ _0\"></span>orical claims dev<span class=\"_ _c\"></span>elopment is mainly analysed by accident years,<span class=\"_ _b\"></span> but can also be fur<span class=\"_ _1\"></span>ther analysed by geogr<span class=\"_ _0\"></span>aphical ar<span class=\"_ _0\"></span>ea,<span class=\"_ _2\"></span> as well as b<span class=\"_ _0\"></span>y significant business lines and claim types.<span class=\"_ _2\"></span> Lar<span class=\"_ _0\"></span>ge claims ar<span class=\"_ _0\"></span>e usually separ<span class=\"_ _0\"></span>ately addr<span class=\"_ _c\"></span>essed,<span class=\"_ _2\"></span> either by being r<span class=\"_ _0\"></span>eserved at the f<span class=\"_ _0\"></span>ace value of loss adjust<span class=\"_ _0\"></span>er estimat<span class=\"_ _0\"></span>es or separ<span class=\"_ _0\"></span>ately pr<span class=\"_ _c\"></span>ojected in or<span class=\"_ _c\"></span>der to r<span class=\"_ _0\"></span>eflect their futur<span class=\"_ _0\"></span>e dev<span class=\"_ _0\"></span>elopment.<span class=\"_ _2\"></span> In most cases,<span class=\"_ _2\"></span> no explicit assumptions ar<span class=\"_ _c\"></span>e made regar<span class=\"_ _0\"></span>ding futur<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ates of c<span class=\"_ _0\"></span>laims inflation or loss r<span class=\"_ _0\"></span>atios.<span class=\"_ _2\"></span> Inst<span class=\"_ _0\"></span>ead,<span class=\"_ _2\"></span> the assumptions used ar<span class=\"_ _0\"></span>e those implicit in the historical c<span class=\"_ _0\"></span>laims dev<span class=\"_ _0\"></span>elopment data on which the pr<span class=\"_ _c\"></span>ojections ar<span class=\"_ _0\"></span>e based.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Additional qualitativ<span class=\"_ _c\"></span>e judgement is used to assess the ext<span class=\"_ _c\"></span>ent to whic<span class=\"_ _0\"></span>h past tr<span class=\"_ _0\"></span>ends may not apply in futur<span class=\"_ _0\"></span>e (e.g.<span class=\"_ _2\"></span> t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eflect one-off occurr<span class=\"_ _c\"></span>ences,<span class=\"_ _2\"></span> changes in ext<span class=\"_ _0\"></span>ernal or mark<span class=\"_ _0\"></span>et fact<span class=\"_ _c\"></span>ors such as public attitudes to c<span class=\"_ _0\"></span>laiming,<span class=\"_ _2\"></span> economic conditions,<span class=\"_ _2\"></span> lev<span class=\"_ _c\"></span>els of claims inflation,<span class=\"_ _2\"></span> judicial decisions and legislation,<span class=\"_ _2\"></span> as well as internal f<span class=\"_ _c\"></span>actors such as portfolio mix,<span class=\"_ _2\"></span> policy featur<span class=\"_ _c\"></span>es and claims handling pr<span class=\"_ _0\"></span>ocedures) in or<span class=\"_ _c\"></span>der to arriv<span class=\"_ _0\"></span>e at the estimated ultimat<span class=\"_ _c\"></span>e cost of claims that present the pr<span class=\"_ _0\"></span>obability weight<span class=\"_ _c\"></span>ed expected v<span class=\"_ _0\"></span>alue outcome fr<span class=\"_ _0\"></span>om the r<span class=\"_ _0\"></span>ange of possible outcomes,<span class=\"_ _2\"></span> t<span class=\"_ _0\"></span>aking account of all the uncertainties inv<span class=\"_ _c\"></span>olved.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has the right to pursue thir<span class=\"_ _0\"></span>d par<span class=\"_ _1\"></span>ties f<span class=\"_ _0\"></span>or payment of some or all costs.<span class=\"_ _2\"></span> Estimat<span class=\"_ _0\"></span>es of salvage r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>eries and subr<span class=\"_ _0\"></span>ogation r<span class=\"_ _0\"></span>eimbursements ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed as an allowance in the measur<span class=\"_ _c\"></span>ement of ultimate claims costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Other k<span class=\"_ _0\"></span>ey cir<span class=\"_ _c\"></span>cumstances af<span class=\"_ _0\"></span>fecting the r<span class=\"_ _0\"></span>eliability of assumptions include variation in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and delays in settlement.<span class=\"_ _2d8\"> </span>The k<span class=\"_ _0\"></span>ey estimat<span class=\"_ _c\"></span>es in calculating the LIC are the amount and timing of futur<span class=\"_ _c\"></span>e claims payments in relation t<span class=\"_ _c\"></span>o claims already incurr<span class=\"_ _c\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This is primarily assessed with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to past perf<span class=\"_ _0\"></span>ormance,<span class=\"_ _2\"></span> including past settlement patt<span class=\"_ _0\"></span>erns,<span class=\"_ _2\"></span> as per the actuarial methodology outlined abov<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes estimating the lik<span class=\"_ _0\"></span>ely changes in inflation as r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to claims alr<span class=\"_ _c\"></span>eady incurred,<span class=\"_ _2\"></span> as w<span class=\"_ _0\"></span>ell as the expect<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>equency of claims which hav<span class=\"_ _0\"></span>e occurr<span class=\"_ _0\"></span>ed but which hav<span class=\"_ _0\"></span>e not yet been r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ted.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The ongoing cost of handling claims alr<span class=\"_ _c\"></span>eady incurred is estimat<span class=\"_ _0\"></span>ed  with r<span class=\"_ _0\"></span>efer<span class=\"_ _c\"></span>ence to the hist<span class=\"_ _0\"></span>orical cost-per<span class=\"_ _c\"></span>-claim calculated o<span class=\"_ _0\"></span>ver the past 12 months.<span class=\"_ _2d8\"> </span>See Note 3.6 f<span class=\"_ _c\"></span>or the impact of a 5ppts increase in loss r<span class=\"_ _c\"></span>atio and the impact of a 5% increase in outst<span class=\"_ _c\"></span>anding claims.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-356": {
   "value": "3.<span class=\"_ _1\"></span>2. M<span class=\"_ _1\"></span>OVEM<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>TS I<span class=\"_ _1\"></span>N IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E AN<span class=\"_ _1\"></span>D RE<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE CO<span class=\"_ _1\"></span>NTR<span class=\"_ _1\"></span>ACT BAL<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>3.2.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. Insurance contrac<span class=\"_ _0\"></span>ts issued<span class=\"_ _2d8\"> </span>Reconciliation of liability for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and the liability for incurr<span class=\"_ _c\"></span>ed claims<span class=\"_ _2d8\"> </span>2025<span class=\"_ _1c9\"> </span>2024<span class=\"_ _2d8\"> </span>Liabilities for Remaining Cov<span class=\"_ _0\"></span>erage (\u201cLRC\u201d)<span class=\"_ _2d8\"> </span>Liabilities for Incurr<span class=\"_ _0\"></span>ed Claims (\u201cLIC\u201d)<span class=\"_ _1ca\"> </span>T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span>Liabilities for Remaining Cov<span class=\"_ _0\"></span>erage (\u201cLRC\u201d)<span class=\"_ _2d8\"> </span>Liabilities for Incurr<span class=\"_ _0\"></span>ed Claims (\u201cLIC\u201d)<span class=\"_ _1ca\"> </span>T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span>In \u00a3\u2019k<span class=\"_ _2d8\"> </span>Estimates of present v<span class=\"_ _0\"></span>alue of future cash flows<span class=\"_ _2d8\"> </span>Risk adjustment for non-financial risk<span class=\"_ _2d8\"> </span>Estimates of present v<span class=\"_ _0\"></span>alue of future cash flows<span class=\"_ _2d8\"> </span>Risk adjustment for non-financial risk<span class=\"_ _2d8\"> </span>Opening insurance con<span class=\"_ _0\"></span>tract liabilities<span class=\"_ _1cb\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10e\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>270<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>57<span class=\"_ _c\"></span>,957<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _83\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>7,9<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ff4 ls5 ws7\"><span class=\"_ gs41\"> </span>63,0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>258,358<span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>473<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></span>Insurance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue<span class=\"_ _1cc\"> </span><span class=\"lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>990)<span class=\"_ _b1\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _2b\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>(2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>990)<span class=\"_ _106\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>(248,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _41\"> </span></span><span class=\"_ gs41\"> </span>(248,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></span></span>Insurance s<span class=\"_ _0\"></span>ervice expens<span class=\"_ _0\"></span>es<span class=\"_ _1cd\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e7\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _6d\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>4,48<span class=\"_ _1\"></span>4<span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>15<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span></span>Incurr<span class=\"_ _0\"></span>ed claims and other dir<span class=\"_ _0\"></span>ectly attributable e<span class=\"_ _0\"></span>xpenses<span class=\"_ _1ce\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _10e\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>19<span class=\"_ _1\"></span>,15<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"ls4e ws50\"><span class=\"_ gs102\"> </span>162,52<span class=\"_ _1\"></span>0<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></span></span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>7<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>14<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span>Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC<span class=\"_ _1cf\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,7<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>513<span class=\"_ _1\"></span>)<span class=\"_ _7e\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _11c\"> </span></span></span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span></span><span class=\"_ gs41\"> </span>4,224<span class=\"_ gs41\"> </span><span class=\"_ _3a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _0\"></span>0,5<span class=\"_ _1\"></span>04)<span class=\"_ _69\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span>Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws<span class=\"_ _1d0\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></span><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>66<span class=\"_ gs41\"> </span>Insurance service r<span class=\"_ _0\"></span>esult<span class=\"_ _1d1\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span>(201,237)<span class=\"_ _28\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span>(4<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _2b\"> </span><span class=\"ff4 ls93 ws97\"><span class=\"_ gs41\"> </span>(229<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>965)<span class=\"_ _e5\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>4,4<span class=\"_ _1\"></span>84<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"_ gs41\"> </span>(93,4<span class=\"_ _0\"></span>70)<span class=\"_ _2d8\"> </span></span></span></span></span></span></span></span>Insur<span class=\"_ _0\"></span>ance finance expense r<span class=\"_ _c\"></span>ecognised in Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account<span class=\"_ _1d2\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,9<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,9<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span></span><span class=\"_ gs41\"> </span>8,392<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span></span><span class=\"_ gs41\"> </span>8,392<span class=\"_ gs41\"> </span>Insur<span class=\"_ _0\"></span>ance finance expense/(income) r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _46\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e4\"> </span><span class=\"lsb1 wsb9\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>808<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e4\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>5,<span class=\"_ _c\"></span>808<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _a0\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span></span></span>T<span class=\"_ _c\"></span>otal changes in<span class=\"_ _0\"></span> Comprehensive<span class=\"_ _0\"></span> Income<span class=\"_ _1d3\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span>(201,237)<span class=\"_ _106\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _3a\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>(27<span class=\"_ _c\"></span>,72<span class=\"_ _1\"></span>3)<span class=\"_ _2a\"> </span><span class=\"ff4 ls93 ws97\"><span class=\"_ gs41\"> </span>(229<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>965)<span class=\"_ _83\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _1\"></span>3,551<span class=\"_ gs41\"> </span><span class=\"_ _67\"> </span><span class=\"_ gs41\"> </span>4,48<span class=\"_ _1\"></span>4<span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"_ gs41\"> </span>(91<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>93<span class=\"_ _1\"></span>0)<span class=\"_ _2d8\"> </span></span></span></span></span></span></span>Ca<span class=\"_ _1\"></span>sh fl<span class=\"_ _1\"></span>ows<span class=\"_ _161\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></span>Pr<span class=\"_ _0\"></span>emiums r<span class=\"_ _0\"></span>eceived<span class=\"_ _1d4\"> </span><span class=\"ff2 ls84 ws83\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>82<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span></span><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>82<span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span></span><span class=\"ls63 wsa5\"><span class=\"_ gs41\"> </span>254<span class=\"_ _1\"></span>,389<span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span></span><span class=\"_ gs41\"> </span>254,3<span class=\"_ _1\"></span>89<span class=\"_ gs41\"> </span></span>Claims and other insur<span class=\"_ _0\"></span>ance services expenses paid<span class=\"_ _13d\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _11c\"> </span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _1d5\"> </span></span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>21<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _11c\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>21<span class=\"_ _2\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _2d8\"> </span></span></span>Insur<span class=\"_ _0\"></span>ance acquisition cash flows<span class=\"_ _1d6\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a0\"> </span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _df\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"> </span>5<span class=\"_ _8\"></span>)<span class=\"_ _a0\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _de\"> </span></span><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1a\"></span>17,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"></span>)<span class=\"_ _2d8\"> </span></span>Total ca<span class=\"_ _1\"></span>sh flo<span class=\"_ _1\"></span>ws<span class=\"_ _1d7\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>012<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _65\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1)<span class=\"_ _11c\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>81<span class=\"_ gs102\"> </span><span class=\"_ _58\"> </span><span class=\"ff4 ls1d ws1f\"><span class=\"_ gs41\"> </span>236<span class=\"_ _0\"></span>,484<span class=\"_ gs41\"> </span><span class=\"_ _e6\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,<span class=\"_ _1\"></span>469)<span class=\"_ _11c\"> </span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>115,<span class=\"_ _8\"></span>015<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></span></span>Closing insurance con<span class=\"_ _0\"></span>tract liabilities<span class=\"_ _1d8\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _53\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,779<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span>7<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>01<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0,68<span class=\"_ _1\"></span>2<span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs41\"> </span>69<span class=\"_ _c\"></span>,527<span class=\"_ gs41\"> </span><span class=\"_ _58\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span>270,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>57<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>57<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>397<span class=\"_ _2\"></span>,<span class=\"_ _c\"></span>924<span class=\"_ _2d8\"> </span></span></span></span></span></span></span></span></span>3.2.2<span class=\"_ _1\"></span>. Reinsurance<span class=\"_ _0\"></span> contracts held<span class=\"_ _2d8\"> </span>Reconciliation of assets for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and the assets for incurr<span class=\"_ _c\"></span>ed claims<span class=\"_ _2d8\"> </span><table class=\"s w1f4 h76\" id=\"_c3c98601-76e8-4ad0-b483-917605873c3f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c n x3b4 y259a w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x3b5 y259a w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b6 h29 y259b ff2 fs22 fc2 sc0 ls0 ws0\">Assets for </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3b7 h29 y259c ff2 fs22 fc2 sc0 ls0 ws0\">Assets for </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h29 y259d ff2 fs22 fc2 sc0 ls0 ws0\">remaining </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3b9 h29 y259e ff2 fs22 fc2 sc0 ls0 ws0\">remaining </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x3ba y259f w1f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">cov<span class=\"_ _0\"></span>erage<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3bb y259f w1f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Assets for incurred claims<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3bc y259f w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x3bd y25a0 w1f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">cov<span class=\"_ _0\"></span>erage<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3be y25a0 w1f8 h5d\" colspan=\"2\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Assets for incurred claims<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x3bf y25a0 w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c0 h29 y25a1 ff2 fs22 fc2 sc0 ls0 ws0\">Estimates of </td><td></td><td class=\"t m0 x3c1 h29 y25a2 ff2 fs22 fc2 sc0 ls0 ws0\">Risk </td><td></td><td></td><td></td><td class=\"t m0 x3c2 h29 y25a3 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">Estimates of </td><td></td><td class=\"t m0 x3c3 h29 y25a4 ff2 fs22 fc2 sc0 ls0 ws0\">Risk </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c4 h29 y25a5 ff2 fs22 fc2 sc0 ls0 ws0\">present v<span class=\"_ _0\"></span>alue </td><td></td><td class=\"t m0 x3c5 h29 y25a6 ff2 fs22 fc2 sc0 ls0 ws0\">adjustment for </td><td></td><td></td><td></td><td class=\"t m0 x3c6 h29 y25a7 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">present v<span class=\"_ _0\"></span>alue </td><td></td><td class=\"t m0 x3c7 h29 y25a8 ff2 fs22 fc2 sc0 ls0 ws0\">adjustment for </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x3c8 h29 y25a9 ff2 fs22 fc2 sc0 ls0 ws0\">of future cash </td><td></td><td class=\"t m0 x3c9 h29 y25aa ff2 fs22 fc2 sc0 ls0 ws0\">non-financial </td><td></td><td></td><td></td><td class=\"t m0 x3c6 h29 y25ab ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">of future cash </td><td></td><td class=\"t m0 x3ca h29 y25ac ff2 fs22 fc2 sc0 ls0 ws0\">non-financial </td><td></td></tr><tr><td class=\"t m0 x1db h29 y25ad ff2 fs22 fc2 sc0 ls0 ws0\">In \u00a3\u2019k<span class=\"_ _2d8\"> </span></td><td></td><td></td><td class=\"t m0 x3cb h29 y25ae ff2 fs22 fc2 sc0 ls0 ws0\">flows<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x3cc h29 y25af ff2 fs22 fc2 sc0 ls0 ws0\">risk<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x3cd h29 y25b0 ff2 fs22 fc2 sc0 ls0 ws0\" colspan=\"2\">flows<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x3ce h29 y25b1 ff2 fs22 fc2 sc0 ls0 ws0\">risk<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y25b2 w1f9 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">Opening reinsurance con<span class=\"_ _0\"></span>tract assets</div></td><td class=\"c n x3cf y25b2 w1fa h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _53\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3d0 y25b2 w1fb h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x3d1 y25b2 w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3d2 y25b2 w1fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">3,6<span class=\"_ _1\"></span>53\ue01d<span class=\"_ _41\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3d3 y25b3 w1fe h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls4b ws4e\">16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"ff4 ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3d4 y25b4 w1ff h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls88 ws89\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>075<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x3d5 y25b2 w200 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x3d6 y25b4 w201 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _109\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>41,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _3a\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x3d7 y25b2 w202 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse3 ws1\">16<span class=\"_ _1\"></span>6,72<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25b5 w203 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _0\"></span> held</div></td><td class=\"c n x3d8 y25b5 w204 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)<span class=\"_ _8c\"> </span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3d9 y25b5 w205 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,37<span class=\"_ _1\"></span>7\ue01d<span class=\"_ _4c\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3da y25b5 w206 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span></div></td><td class=\"c n x3db y25b5 w1e7 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>30<span class=\"_ _1\"></span>,68<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3dc y25b5 w1fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\">0\ue01d</div></td><td class=\"c n x3dd y25b5 w20 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)</div></td><td class=\"c n x3de y25b5 w207 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>10,59<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3df y25b5 w151 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">1\ue01e</div></td><td></td><td class=\"c n x3e0 y25b5 w208 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2,435<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8c\"> </span></div></td><td class=\"c n x3e1 y25b5 w209 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20,591<span class=\"_ _2\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25b6 w1e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance expense</div></td><td class=\"c n x3e2 y25b6 w20a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>872)</div></td><td></td><td class=\"c n x3e3 y25b6 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3e4 y25b6 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x3e5 y25b6 w20b h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,872)</div></td><td class=\"c n x3e6 y25b6 w20 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)</div></td><td></td><td class=\"c n x3e7 y25b6 w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x3e8 y25b6 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x3e9 y25b6 w20c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25b7 w20d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y</div></td><td class=\"c n x3ea y25b7 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3eb y25b8 w20e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>33,626<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _49\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3ec y25b8 w20f h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>78<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3ed y25b7 w210 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span></div></td><td class=\"c n x3ee y25b7 w211 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3ef y25b7 w212 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>23<span class=\"_ _8\"></span>3</div></td><td></td><td class=\"c n x3f0 y25b9 w213 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x3f1 y25b7 w214 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa1 wsa3\">1<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25ba w215 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice</div></td><td class=\"c n x3f2 y25ba w216 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3f3 y25bb w217 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls5b ws5c\">9,<span class=\"_ _1\"></span>751<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x3f4 y25ba w218 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>61<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _73\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x3f5 y25ba w219 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span></div></td><td class=\"c n x3f6 y25ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x3f7 y25ba w21a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _e7\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3f8 y25ba w21b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _4c\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x3f9 y25ba w21c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>412<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25bc w21d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance finance income r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account</div></td><td class=\"c n x3fa y25bc wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x3fb y25bc w21e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>36\ue01d</div></td><td></td><td class=\"c n x3fc y25bc we0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x3fd y25bc w1a6 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x3fe y25bc w21f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x3ff y25bc w220 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _ee\"> </span></div></td><td></td><td class=\"c n x400 y25bc w221 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x401 y25bc w36 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>714<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25bd w222 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls46 ws0\">Reinsur<span class=\"_ _0\"></span>ance finance income/(expense) r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _0\"></span>e Income</div></td><td class=\"c n x402 y25bd we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x403 y25bd w223 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td></td><td class=\"c n x404 y25bd we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x405 y25bd w224 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x406 y25bd wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x407 y25bd w67 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td><td></td><td class=\"c n x408 y25bd w225 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x409 y25bd w226 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">(5,<span class=\"_ _1\"></span>88<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25be w227 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal changes in<span class=\"_ _0\"></span> Comprehensive<span class=\"_ _0\"></span> Income</div></td><td class=\"c n x40a y25be w228 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>23<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)</div></td><td class=\"c n x40b y25be w229 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs102\"> </span>50,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x40c y25bf w22a h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls32 ws33\">469<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _134\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x40d y25be w22b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5</div></td><td class=\"c n x40e y25bf w22c h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span></span></div></td><td class=\"c n x40f y25be w22d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7)</div></td><td></td><td class=\"c n x410 y25be w22e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,<span class=\"_ _1\"></span>42<span class=\"_ _0\"></span>5\ue01e</div></td><td></td><td class=\"c n x411 y25be w22f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>2,<span class=\"_ _1\"></span>435\ue01e</div></td><td class=\"c n x412 y25be w230 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(22,<span class=\"_ _c\"></span>75<span class=\"_ _0\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y25c0 ff2 fs7 fc2 sc0 ls46 ws0\">Ca<span class=\"_ _1\"></span>sh fl<span class=\"_ _1\"></span>ows<span class=\"_ _161\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _e9\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _122\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _122\"> </span><span class=\"_ gs28c\"> </span></span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25c1 w231 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>emiums paid</div></td><td class=\"c n x413 y25c1 w232 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1dd\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span></div></td><td></td><td class=\"c n x414 y25c1 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x415 y25c1 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x416 y25c1 w233 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x417 y25c2 w234 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\">3<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span></span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x418 y25c1 w235 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span></div></td><td></td><td class=\"c n x419 y25c1 wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _94\"> </span></div></td><td></td><td class=\"c n x41a y25c1 w236 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _69\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x41b y25c1 w237 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c3 w238 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Recov<span class=\"_ _c\"></span>eries receiv<span class=\"_ _0\"></span>ed</div></td><td class=\"c n x41c y25c3 w239 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x41d y25c3 w23a h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x41e y25c3 we0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x41f y25c3 w23b h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"_ gs102\"> </span>(6<span class=\"_ _8\"></span>,0<span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>)</div></td><td class=\"c n x420 y25c3 w23c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x421 y25c3 w23d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3)</div></td><td></td><td class=\"c n x422 y25c4 w23e h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e3\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x423 y25c3 w23f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25c5 w240 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 ws0\">Total ca<span class=\"_ _1\"></span>sh flo<span class=\"_ _1\"></span>ws<span class=\"_ _1a7\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x424 y25c5 w241 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">2<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>4</div></td><td class=\"c n x425 y25c6 w242 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>07<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</span></div></td><td></td><td class=\"c n x426 y25c5 w243 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x427 y25c5 w244 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">17,<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2</div></td><td></td><td class=\"c n x428 y25c6 w245 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2</span></div></td><td></td><td class=\"c n x429 y25c7 w246 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _df\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</span></div></td><td></td><td class=\"c n x42a y25c5 w247 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x42b y25c5 w248 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w249 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">Closing reinsurance c<span class=\"_ _0\"></span>ontract assets</div></td><td class=\"c n x42c y24bc w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,5<span class=\"_ _1\"></span>02\ue01d</div></td><td class=\"c n x42d y24bc w24a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"_ gs102\"> </span>15<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x42e y24bc w24b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls90 ws94\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span></div></td><td class=\"c n x42f y24bc w24c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x430 y24bc w24d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\">4,8<span class=\"_ _1\"></span>28\ue01d<span class=\"_ _41\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x431 y24bc w24e h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls4b ws4e\">2<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td></td><td class=\"c n x432 y24bc w24f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3,45<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _3a\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x433 y24bc w250 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e2\"> </span></div></td><td class=\"c n x434 y24bc w251 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>43,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x435 y25c8 w252 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls63 wsa5\">53<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _65\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x436 y24bc w253 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lse4 wsef\"><span class=\"ls63 wsa5\"><span class=\"ls99 ws9d\">16<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>8</span></span></span></span></span><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lse4 wsef\"><span class=\"ls63 wsa5\"><span class=\"ls99 ws9d\"><span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></span></span></span></div></td></tr></table>4.<span class=\"_ _1\"></span>3. RECE<span class=\"_ _1\"></span>IV<span class=\"_ _c\"></span>ABLE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies its receiv<span class=\"_ _0\"></span>ables as at amortised cost only if both of the following crit<span class=\"_ _c\"></span>eria are met: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is t<span class=\"_ _0\"></span>o collect the contr<span class=\"_ _0\"></span>actual cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>Receivables ar<span class=\"_ _c\"></span>e initially recognised at f<span class=\"_ _c\"></span>air value and subsequently measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost using the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est method,<span class=\"_ _2\"></span> less pr<span class=\"_ _0\"></span>ovision f<span class=\"_ _c\"></span>or expected cr<span class=\"_ _c\"></span>edit losses.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures loss allow<span class=\"_ _c\"></span>ances at an amount equal to lifetime ECL.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o measure the e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eceivables hav<span class=\"_ _c\"></span>e been gr<span class=\"_ _0\"></span>ouped based on shar<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit risk char<span class=\"_ _0\"></span>acteristics and the da<span class=\"_ _0\"></span>ys past due to cr<span class=\"_ _c\"></span>eate the cat<span class=\"_ _0\"></span>egories,<span class=\"_ _2\"></span> namely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> performing,<span class=\"_ _2\"></span> underperf<span class=\"_ _0\"></span>orming and not performing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The expect<span class=\"_ _c\"></span>ed loss rat<span class=\"_ _c\"></span>es are based on the payment pr<span class=\"_ _c\"></span>ofiles of receiv<span class=\"_ _0\"></span>ables ov<span class=\"_ _c\"></span>er a period of 36 months befor<span class=\"_ _0\"></span>e year end.<span class=\"_ _2\"></span> The loss r<span class=\"_ _c\"></span>ates ar<span class=\"_ _0\"></span>e adjusted t<span class=\"_ _c\"></span>o reflect curr<span class=\"_ _c\"></span>ent and forwar<span class=\"_ _c\"></span>d-looking information on macr<span class=\"_ _c\"></span>o-economic factors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as the socio-economic envir<span class=\"_ _c\"></span>onment aff<span class=\"_ _c\"></span>ecting the ability of the debtors t<span class=\"_ _0\"></span>o settle the receiv<span class=\"_ _c\"></span>ables.<span class=\"_ _2\"></span> Receivables that ar<span class=\"_ _c\"></span>e 30 days or more past due ar<span class=\"_ _c\"></span>e considered t<span class=\"_ _c\"></span>o be <span class=\"_ _2\"></span>\u2018not performing\u2019<span class=\"_ _b\"></span> and the default r<span class=\"_ _0\"></span>ebuttable pr<span class=\"_ _c\"></span>esumption of 90 days prescribed b<span class=\"_ _c\"></span>y IFRS 9 is not applied.<span class=\"_ _2d8\"> </span>PERF<span class=\"_ _0\"></span>ORMIN<span class=\"_ _0\"></span>G<span class=\"_ _2d8\"> </span>Customers ha<span class=\"_ _0\"></span>ve a lo<span class=\"_ _0\"></span>w risk of default and a str<span class=\"_ _c\"></span>ong capacity to meet contr<span class=\"_ _c\"></span>actual cash flows.<span class=\"_ _2d8\"> </span>UNDERPER<span class=\"_ _1\"></span>FORMING<span class=\"_ _2d8\"> </span>Receivables f<span class=\"_ _c\"></span>or which there is a significant incr<span class=\"_ _c\"></span>ease in credit risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A significant increase in cr<span class=\"_ _c\"></span>edit risk is presumed if int<span class=\"_ _c\"></span>erest and/or principal r<span class=\"_ _0\"></span>epayments ar<span class=\"_ _0\"></span>e past due.<span class=\"_ _2d8\"> </span>NOT<span class=\"_ _0\"></span> PERFORM<span class=\"_ _1\"></span>ING<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est and/or principal repa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e 30 days past due.<span class=\"_ _2d8\"> </span><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3d1\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s receiv<span class=\"_ _c\"></span>ables comprise:<span class=\"_ _2d8\"> </span></div><div class=\"gs3d2\"><table class=\"s w4f8 h8b\" id=\"_c24d2f3b-0ac0-40a0-85af-23a0b7ab02b4\"><tr><td></td><td class=\"c n x1d6 y26a3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26a3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w4f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Other debtors</div></td><td class=\"c n x76a y24bb w4fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _238\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span></div></td><td class=\"c n x76b y24bb w4fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _239\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x76c y24bc w4fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></div></td><td class=\"c n x76d y24bc w4fe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3d3\">The estimat<span class=\"_ _0\"></span>ed fair v<span class=\"_ _c\"></span>alues of receiv<span class=\"_ _0\"></span>ables are the discount<span class=\"_ _c\"></span>ed amounts of the estimated futur<span class=\"_ _c\"></span>e cash flows expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _c\"></span>eceived.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3d4\">The carrying value of r<span class=\"_ _c\"></span>eceivables appr<span class=\"_ _0\"></span>oximat<span class=\"_ _c\"></span>es fair value<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The pr<span class=\"_ _c\"></span>ovision for e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed credit losses is based on the r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ability of the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3d5\">individual r<span class=\"_ _0\"></span>eceivables<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs3d6\">The Gr<span class=\"_ _c\"></span>oup calculated ECL on r<span class=\"_ _0\"></span>eceivables and has concluded that it is wholly immat<span class=\"_ _c\"></span>erial and such fur<span class=\"_ _1\"></span>ther disclosur<span class=\"_ _0\"></span>e has not been included.<span class=\"_ _2d8\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-346": {
   "value": "3.3<span class=\"_ _1\"></span>. AS<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>TS F<span class=\"_ _1\"></span>OR IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE ACQU<span class=\"_ _1\"></span>IS<span class=\"_ _1\"></span>IT<span class=\"_ _1\"></span>ION CAS<span class=\"_ _1\"></span>H FLOWS<span class=\"_ _2d8\"> </span><table class=\"s w254 h78\" id=\"_4b69e17d-77c9-45b1-af17-03453bd5aa46\"><tr><td></td><td class=\"t m0 x437 h29 y25c9 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y25ca wb6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 1 J<span class=\"_ _1\"></span>anu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x438 y25ca w255 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,7<span class=\"_ _c\"></span>3<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25cb w256 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts incurr<span class=\"_ _0\"></span>ed during the year<span class=\"_ _1e0\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x439 y25cb w257 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25cc w258 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts der<span class=\"_ _0\"></span>ecognised and included in measur<span class=\"_ _0\"></span>ement of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts<span class=\"_ _1e1\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x43a y25cc w259 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,16<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25cd wd1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 31 Dec<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>er 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x43b y25cd w25a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25ce w25b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts incurr<span class=\"_ _0\"></span>ed during the period</div></td><td class=\"c n x43c y25ce w25c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _18e\"> </span><span class=\"ff2 ls4b ws4e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25cf w25d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts der<span class=\"_ _0\"></span>ecognised and included in measur<span class=\"_ _0\"></span>ement of insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts</div></td><td class=\"c n x43d y25cf w25e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w25f h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">Ba<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nce a<span class=\"_ _1\"></span>s at 31 Dec<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>er 2<span class=\"_ _1\"></span>025<span class=\"_ _1e0\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43e y24bc w260 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr></table> <span class=\"_ _2\"></span>The following t<span class=\"_ _c\"></span>able sets out when the Group e<span class=\"_ _0\"></span>xpects to der<span class=\"_ _c\"></span>ecognise assets for insur<span class=\"_ _c\"></span>ance acquisition cash flows after the r<span class=\"_ _c\"></span>epor<span class=\"_ _1\"></span>ting dat<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span><table class=\"s w261 h79\" id=\"_b5ebe6d4-11a6-469e-890c-b0c590e29c03\"><tr><td></td><td class=\"t m0 x437 h29 y25d0 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"t m0 x1db h9 y25d1 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25<span class=\"_ _1e3\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span></span></td><td></td></tr><tr><td class=\"c n x1de y25d2 w262 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Less than one year<span class=\"_ _1e4\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43f y25d2 w260 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y2595 w263 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Mor<span class=\"_ _0\"></span>e than one year</div></td><td class=\"c n x440 y2595 w264 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>56\ue01d</div></td></tr><tr><td></td><td class=\"t m0 x204 h12 y25d3 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></td></tr><tr><td class=\"t m0 x1db h12 y25d4 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y255c w265 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Less than one year</div></td><td class=\"c n x441 y255c w266 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _c\"></span>10\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w263 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mor<span class=\"_ _0\"></span>e than one year</div></td><td class=\"c n x442 y24bb w267 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>62\ue01e</div></td></tr><tr><td></td><td class=\"t m0 x204 h9 y25d5 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>8,4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2\ue01e<span class=\"_ _2d8\"> </span></td></tr></table>3.<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>. CL<span class=\"_ _1\"></span>AI<span class=\"_ _1\"></span>MS D<span class=\"_ _1\"></span>EVE<span class=\"_ _1\"></span>LOP<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>The pr<span class=\"_ _0\"></span>esent<span class=\"_ _0\"></span>ation of the claims dev<span class=\"_ _0\"></span>elopment tables f<span class=\"_ _c\"></span>or the Group is based on the actual dat<span class=\"_ _c\"></span>e of the event that caused the claim (accident y<span class=\"_ _0\"></span>ear basis).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These triangles present estimat<span class=\"_ _c\"></span>ed costs including an<span class=\"_ _0\"></span>y risk adjustment and associated liability r<span class=\"_ _c\"></span>elated t<span class=\"_ _0\"></span>o the futur<span class=\"_ _0\"></span>e cost of handling claims.<span class=\"_ _2d8\"> </span>Gross of reinsurance<span class=\"_ _2d8\"> </span><table class=\"s w27d h7b\" id=\"_149ac562-632d-42a4-81b4-8aeb3159d45e\"><tr><td class=\"c n x1de y25da w27e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Accident year<span class=\"_ _1e8\"> </span>2016<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x457 y25da w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2017<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x458 y25da w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2018<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x459 y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2019<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45a y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2020<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45b y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2021<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45c y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2022<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45d y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2023<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45e y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45f y25da w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x460 y25da w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x461 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x462 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x463 y25db w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x464 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x465 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x466 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x467 y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x468 y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x469 y25db w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x46a y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x46b y25db w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y25dc ff2 fs7 fc2 sc0 lsd6 ws14\">Estimates of<span class=\"_ _0\"></span> undiscounted gross<span class=\"_ _0\"></span> cumulative<span class=\"_ _0\"></span> claims<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25dd w283 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">At the end of the accident year</div></td><td></td><td></td><td class=\"c n x46c y25dd w284 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _3c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span></span></div></td><td></td><td class=\"c n x46d y25dd w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46e y25dd w286 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,<span class=\"_ _0\"></span>70<span class=\"_ _c\"></span>7\ue01e<span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x46f y25dd w287 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7</div></td><td></td><td class=\"c n x470 y25de w288 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>81</div></td><td></td><td class=\"c n x471 y25de w289 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>01,9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td class=\"c n x472 y25de w28a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">8<span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x473 y25dd w28b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td class=\"c n x474 y25dd w28c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x475 y25dd w28d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\">33,334\ue01e<span class=\"_ _34\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x476 y25de w28e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x477 y25de w28f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls49 ws49\">17<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25df w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25df w291 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">One year lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x479 y25df w292 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x47a y25df w293 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,<span class=\"_ _c\"></span>93<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _37\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x47b y25df w294 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td></td><td class=\"c n x47c y25df w295 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>08,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x47d y25df w296 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">89\ue01e<span class=\"_ _9e\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x47e y25e0 w297 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x47f y25df wba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">9<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1c\"> </span></div></td><td></td><td class=\"c n x480 y25df w298 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x481 y25df w299 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">09\ue01e<span class=\"_ _113\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x482 y25e0 w29a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsd3 wse0\">131<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x483 y25df w29b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _113\"> </span></div></td><td class=\"c n x484 y25df w29c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>35,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x485 y25e1 w29d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\">59\ue01e<span class=\"_ _e8\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e2 w29e h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013 <span class=\"_ _1a\"></span>T<span class=\"_ _c\"></span>wo y<span class=\"_ _0\"></span>ears later<span class=\"_ _2c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x486 y25e3 w29f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\">94,<span class=\"_ _1\"></span>294<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x487 y25e3 w2a0 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x488 y25e3 w2a1 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x1fd y25e2 w2a2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td></td><td class=\"c n x489 y25e2 w2a3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,39<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x48a y25e2 w2a4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x48b y25e3 w2a5 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"lse0 wsec\"><span class=\"ls7c ws93\"><span class=\"ls4f ws51\">9<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span></span></span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x48c y25e3 w2a6 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">121<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48d y25e4 w2a7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls4f ws51\">14<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e5 w2a8 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013 <span class=\"_ _1a\"></span>Thr<span class=\"_ _c\"></span>ee years lat<span class=\"_ _0\"></span>er<span class=\"_ _1e9\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48e y25e6 w2a9 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">9<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x48f y25e5 w2aa h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">12<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span></div></td><td></td><td class=\"c n x490 y25e5 w2ab h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x491 y25e5 w2ac h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\">3,257\ue01e<span class=\"_ _37\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x492 y25e5 w2ad h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">131,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span></div></td><td></td><td class=\"c n x493 y25e5 w2ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x494 y25e5 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">92\ue01e</div></td><td class=\"c n x495 y25e5 w2b0 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,294\ue01e<span class=\"_ _1ea\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x496 y25e7 w2b1 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25e8 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25e8 w2b2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Four y<span class=\"_ _c\"></span>ears later<span class=\"_ _19d\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x497 y25e9 w2b3 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsf1 ws102\">9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,789<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x498 y25e8 w2b4 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,12<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x499 y25e8 w2b5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>8,60<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49a y25e8 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">0\ue01e</div></td><td class=\"c n x49b y25e8 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49c y25e8 w2b6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _0\"></span>3\ue01e</div></td><td class=\"c n x49d y25e8 w2b7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>89<span class=\"_ _c\"></span>,57<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x49e y25e8 w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">4\ue01e</div></td><td class=\"c n x49f y25e8 w251 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>96,2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a0 y25ea w2b9 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"ls63 wsa5\">08<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e8\"> </span></span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25eb w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25eb w2ba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fiv<span class=\"_ _0\"></span>e years lat<span class=\"_ _0\"></span>er</div></td><td class=\"c n x4a1 y25eb w2bb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc5 wsce\"><span class=\"_ gs41\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a2 y25eb w2bc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc5 wsce\">2,62<span class=\"_ _1\"></span>9\ue01e<span class=\"_ _30\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4a3 y25eb w2bd h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls55 ws58\">137<span class=\"_ _2\"></span>,<span class=\"_ _8\"></span>472<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td></td><td class=\"c n x4a4 y25eb w2be h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>25,03<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a5 y25eb w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">8\ue01e</div></td><td class=\"c n x4a6 y25eb w2bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>38<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4a7 y25eb w2c0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">,777\ue01e</div></td><td class=\"c n x4a8 y25ec w2c1 h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,094\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25ed w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25ed w2c2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Six years lat<span class=\"_ _c\"></span>er<span class=\"_ _1ed\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4a9 y25ee w2c3 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">1<span class=\"_ _1\"></span>01,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4aa y25ed w2c4 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>6<span class=\"_ _1a\"></span>6<span class=\"_ _1a\"></span>0</div></td><td></td><td class=\"c n x4ab y25ee w2c5 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span></span></div></td><td class=\"c n x4ac y25ed w2c6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>38,2<span class=\"_ _0\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4ad y25ef w2c7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f0 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f0 w2c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sev<span class=\"_ _c\"></span>en years later</div></td><td></td><td class=\"c n x4ae y25f0 w2c9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>01<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4af y25f0 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td class=\"c n x4b0 y25f0 w2ca h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>35,6<span class=\"_ _0\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b1 y25f0 w2cb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _113\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4b2 y25f1 w2cc h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _3\"> </span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f2 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f2 w2cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eight years lat<span class=\"_ _c\"></span>er<span class=\"_ _1ef\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4b3 y25f2 w2ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,79<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x4b4 y25f2 w2cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b5 y25f3 w2d0 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls7c ws93\">32,393\ue01e<span class=\"_ _e8\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f4 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y25f4 w2d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Nine years lat<span class=\"_ _c\"></span>er<span class=\"_ _1f0\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4b6 y25f5 w2d2 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls4f ws51\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28b\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f6 w2d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ent estimate of cum<span class=\"_ _0\"></span>ulative c<span class=\"_ _0\"></span>laims<span class=\"_ _1f1\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c n x4b7 y25f6 w2d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span></div></td><td></td><td class=\"c n x4b8 y25f6 w151 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4b9 y25f6 w2d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">32,393\ue01e</div></td><td class=\"c n x4ba y25f6 w2d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ _37\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>8<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span></span></div></td><td></td><td class=\"c n x4bb y25f6 w2d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>38,21<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4bc y25f6 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e</div></td><td class=\"c n x4bd y25f6 w18 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>88,094\ue01e</div></td><td class=\"c n x4be y25f6 w2d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>96,20<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4bf y25f6 w2d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\">8\ue01e<span class=\"_ _34\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4c0 y25f7 w2da h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4c1 y25f6 w2db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">14<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _113\"> </span></div></td><td class=\"c n x4c2 y25f6 w2dc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4c3 y25f6 w2dd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">5,7<span class=\"_ _c\"></span>59\ue01e<span class=\"_ _34\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4c4 y25f7 w28f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"ls49 ws49\">17<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span></span><span class=\"ff2\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f8 w2de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cumulativ<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>oss claims paid<span class=\"_ _ff\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c n x4c5 y25f8 w2df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)</div></td><td></td><td></td><td class=\"c n x4c6 y25f8 w2e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _1\"></span>0,57<span class=\"_ _0\"></span>9) <span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4c7 y25f8 w2e1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"lse4 wsef\">(<span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>8<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span>)<span class=\"_ _7\"> </span></span><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>2,59<span class=\"_ _1\"></span>9)</div></td><td class=\"c n x4c8 y25f8 w2e2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd1 wsde\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _2\"></span>4,888)<span class=\"_ _9e\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4c9 y25f8 w2e3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)</div></td><td class=\"c n x4ca y25f8 w2e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\"><span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>6,<span class=\"_ _1\"></span>25<span class=\"_ _1\"></span>5)<span class=\"_ _14\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4cb y25f8 w2e5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,18<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _34\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4cc y25f8 w2e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x4cd y25f8 w2e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>43,43<span class=\"_ _0\"></span>2)<span class=\"_ _43\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs28b\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y25f9 w2e8 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2016 to 2025</div></td><td></td><td></td><td></td><td class=\"c n x4ce y25fa w2e9 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1f2\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls46 wsae\">8,8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>5</span><span class=\"_ gs41\"> </span><span class=\"_ _29\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x4cf y25f9 w2ea h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb6 wsbe\">41,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>14</div></td><td></td><td></td><td class=\"c n x4d0 y25fb w2eb h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsa0 wsa2\">12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _29\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x4d1 y25f9 w2ec h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\">2<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>17</div></td><td></td><td class=\"c n x4d2 y25fb w2ed h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\"><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _10d\"> </span></span></span><span class=\"_ gs41\"> </span><span class=\"ff2 ls95 ws99\">13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6</span></div></td><td></td><td></td><td class=\"c n x4d3 y25fa w2ee h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls65 ws65\">2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>218</span></div></td><td class=\"c n x4d4 y25fa w2ef h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls4e ws50\">4<span class=\"_ _1\"></span>0,3<span class=\"_ _1\"></span>84</span><span class=\"_ gs41\"> </span><span class=\"_ _108\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x4d5 y25f9 w2f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa7 wsab\">75<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span>5</div></td><td></td><td class=\"c n x4d6 y25fb w2f1 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa7 wsab\"><span class=\"_ gs102\"> </span><span class=\"_ _d\"> </span></span><span class=\"_ gs41\"> </span><span class=\"ff2 lsa3 wsa6\">70<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6</span><span class=\"_ gs41\"> </span><span class=\"_ _1ea\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x4d7 y25f9 w2f2 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6\"> </span></div></td><td class=\"c n x4d8 y25f9 w2f3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4d9 y25f9 w2f4 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8e ws91\">8<span class=\"_ _1\"></span>,797<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25fc w2f5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2015 and befor<span class=\"_ _0\"></span>e<span class=\"_ _12f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _78\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _10f\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4da y25fc w2f6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ls84 ws83\">3<span class=\"_ _1\"></span>5,0<span class=\"_ _1\"></span>49</span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td></tr><tr><td class=\"c n x1de y25d7 w2f7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of discounting<span class=\"_ _1f3\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _1eb\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4db y25d7 w2f8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25fd w2f9 h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal gross liabilities f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (<span class=\"_ _0\"></span>\u201cLIC\u201d)<span class=\"_ _1f4\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _107\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4dc y25d8 w2fa h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4dd y25d8 w2fb h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\">03<span class=\"_ _1\"></span>,38<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25d9 w2fc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d)<span class=\"_ _1f5\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _41\"> </span></span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4de y25d9 w2fd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c8 w2fe h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls46 ws0\">T<span class=\"_ _c\"></span>otal gr<span class=\"_ _0\"></span>oss liabilities included in the St<span class=\"_ _0\"></span>atement of Financial P<span class=\"_ _0\"></span>osition<span class=\"_ _ba\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _30\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x4df y24bc w1fc h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e0 y24bc w27c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\">6<span class=\"_ _1\"></span>0,6<span class=\"_ _1\"></span>82\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table>The unshaded numbers ar<span class=\"_ _c\"></span>e undiscounted,<span class=\"_ _2\"></span> but otherwise pr<span class=\"_ _c\"></span>esented on an IFRS 17 basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shaded numbers hav<span class=\"_ _0\"></span>e not been r<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ated under IFRS 17 and r<span class=\"_ _c\"></span>eflect the numbers as pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _0\"></span>eported under IFRS 4.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The primar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the IFRS 17 and IFRS 4 numbers pr<span class=\"_ _c\"></span>esented her<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to the risk adjustment.<span class=\"_ _2d8\"> </span>The gr<span class=\"_ _c\"></span>oss liabilities for incurr<span class=\"_ _0\"></span>ed claims and gr<span class=\"_ _0\"></span>oss liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age per pr<span class=\"_ _0\"></span>oduct is given belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w268 h7a\" id=\"_17301514-ea6c-474f-8218-7c10ed0939e6\"><tr><td></td><td class=\"c n x443 y25d6 w269 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LIC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x444 y25d6 w26a h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LRC<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x445 y25d6 w26b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d7 w26c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _130\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x446 y25d7 w26d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>10<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x447 y25d7 w26e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>48,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x448 y25d7 w26f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">925\ue01e</div></td><td class=\"c n x449 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x44a y25d7 w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">55,835\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d8 w270 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle<span class=\"_ _1f6\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x44b y25d8 w271 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">3<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _125\"> </span></div></td><td></td><td class=\"c n x44c y25d8 w272 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>3,2<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _6d\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x44d y25d8 w273 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>294<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d9 w274 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi</div></td><td class=\"c n x44e y25d9 w275 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>59<span class=\"_ _c\"></span>,<span class=\"_ _1\"></span>46<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x44f y25d9 w151 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e</div></td><td></td><td class=\"c n x450 y25d9 w276 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,0<span class=\"_ _1\"></span>8<span class=\"_ _c\"></span>7\ue01e</div></td><td></td><td class=\"c n x451 y25d9 w277 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>64<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x452 y25d9 w278 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">,55<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w279 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _1f7\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x453 y25c8 w27a h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls4e ws50\">40<span class=\"_ _1\"></span>3,38<span class=\"_ _1\"></span>0<span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _6d\"> </span><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x454 y24bc w27b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">5<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></div></td><td class=\"c n x455 y24bc w1fc h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x456 y24bc w27c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls4e ws50\"><span class=\"ls25 ws27\"><span class=\"ls2f ws85\">6<span class=\"_ _1\"></span>0,6<span class=\"_ _1\"></span>82</span></span></span><span class=\"ls4e ws50\"><span class=\"ls25 ws27\"><span class=\"ls2f ws85\"><span class=\"_ gs102\"> </span></span></span></span></div></td></tr></table>Net of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _2d8\"> </span><table class=\"s w30f h7c\" id=\"_fe4e5e1e-769f-456b-a756-f3bc72c8270e\"><tr><td class=\"c n x1de y2601 w27e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Accident year<span class=\"_ _1e8\"> </span>2016<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x457 y2601 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2017<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x458 y2601 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2018<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x459 y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2019<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45a y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2020<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45b y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2021<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45c y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2022<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x45d y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2023<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45e y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x45f y2601 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x460 y2601 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c n x461 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x462 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x463 y2602 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x464 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x465 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x466 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x467 y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x468 y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x469 y2602 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46a y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x46b y2602 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1db h12 y2603 ff2 fs7 fc2 sc0 lsd6 ws14\">Estimates of<span class=\"_ _0\"></span> undiscounted gross<span class=\"_ _0\"></span> cumulative<span class=\"_ _0\"></span> claims<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y2604 ff4 fs7 fc2 sc0 ls0 ws0\">At the end of the accident year</td><td></td><td class=\"c n x4f1 y2605 w310 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f2 y2606 w311 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls55 ws58\">10<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>47<span class=\"_ _1\"></span>8</div></td><td></td><td></td><td class=\"c n x4f3 y2605 w312 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\"><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>111<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _63\"> </span><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f4 y2606 w313 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>11</div></td><td class=\"c n x4f5 y2605 w314 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _3e\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,723<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _2a\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td class=\"c n x4f6 y2605 w315 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">81,16<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4f7 y2606 w316 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>49<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x4f8 y2607 w317 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,18<span class=\"_ _1a\"></span>5</div></td><td class=\"c n x4f9 y2608 w318 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _14\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x4fa y2608 w319 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2609 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2609 w291 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">One year lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x26e y260a w31a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,66<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4fb y260a w2cf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">4\ue01e</div></td><td class=\"c n x4fc y260a w31b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>96,<span class=\"_ _1\"></span>44<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4fd y260a w69 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">6\ue01e<span class=\"_ _29\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4fe y260b w31c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">9<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4ff y260b w31d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span><span class=\"lsdd wseb\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x500 y260a w31e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\">8<span class=\"_ _c\"></span>1,882\ue01e<span class=\"_ _29\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x501 y260b w31f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5c wsc2\">8<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>87<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1ea\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x502 y260a w320 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x503 y260c w321 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>13<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x504 y260c w322 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">10<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y260d ff4 fs7 fc2 sc0 ls0 ws0\" colspan=\"2\">\u2013 <span class=\"_ _1a\"></span>T<span class=\"_ _c\"></span>wo y<span class=\"_ _0\"></span>ears later</td><td class=\"c n x505 y260e w323 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>87<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x506 y260e w324 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsdd wseb\">,824\ue01e<span class=\"_ _1c\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x507 y260e w325 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">91,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1c\"> </span></div></td><td></td><td class=\"c n x508 y260e w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>98,64<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x509 y260e w327 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50a y260e w328 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td class=\"c n x50b y260e w1a9 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs41\"> </span>80<span class=\"_ _0\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x50c y260e w329 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\">990\ue01e<span class=\"_ _1c\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50d y260e w32a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6</div></td><td></td><td class=\"c n x50e y260f w32b h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x50f y2610 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x510 y2611 w32c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">5,495\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y2612 ff4 fs7 fc2 sc0 ls0 ws0\" colspan=\"2\">\u2013 <span class=\"_ _1a\"></span>Thr<span class=\"_ _c\"></span>ee years lat<span class=\"_ _0\"></span>er</td><td class=\"c n x26e y2613 w32d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,243\ue01e<span class=\"_ _16\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x511 y2614 w32e h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls49 ws49\">9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x512 y2614 w32f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa1 wsa3\">9<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _107\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x513 y2613 w330 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">111<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span></div></td><td class=\"c n x514 y2613 w18 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>78,353\ue01e</div></td><td class=\"c n x515 y2613 w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x516 y2613 w331 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,579\ue01e<span class=\"_ _34\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x517 y2613 w332 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1<span class=\"_ _1\"></span>01,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2615 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2615 w333 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Four y<span class=\"_ _c\"></span>ears later</div></td><td class=\"c n x26e y2616 w17 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _29\"> </span></div></td><td class=\"c n x518 y2616 w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">45\ue01e</div></td><td class=\"c n x519 y2616 w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>88,5</div></td><td class=\"c n x51a y2616 w292 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x51b y2616 w335 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,893\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x51c y2616 w336 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,1<span class=\"_ _8\"></span>5<span class=\"_ _1a\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _16\"> </span></div></td><td class=\"c n x51d y2616 w337 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>78,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x51e y2616 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e</div></td><td class=\"c n x51f y2616 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>81<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x520 y2617 w338 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\">,590<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e8\"> </span><span class=\"_ gs28c\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2618 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2618 w2ba h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fiv<span class=\"_ _0\"></span>e years lat<span class=\"_ _0\"></span>er</div></td><td class=\"c n x26e y2619 w339 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5c wsc2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>891<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _c9\"> </span></div></td><td class=\"c n x521 y2619 w33a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\">,0<span class=\"_ _1\"></span>02\ue01e</div></td><td class=\"c n x522 y2619 w33b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>92</div></td><td class=\"c n x523 y2619 w33c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>3,25<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x524 y2619 w33d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\">4\ue01e<span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x525 y2619 w33e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span>3</div></td><td class=\"c n x526 y261a w33f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y261b w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y261b w340 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Six years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x26e y261c w341 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs41\"> </span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x527 y261d w342 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsf1 ws102\">6,78<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _111\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x528 y261d w343 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>375<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _37\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x529 y261d w344 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>873<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x52a y261d w345 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y261e w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y261e w2c8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sev<span class=\"_ _c\"></span>en years later</div></td><td class=\"c n x52b y261e w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>86,5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x52c y261e w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">36\ue01e</div></td><td class=\"c n x52d y261e w31a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>93,89<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x52e y261e w346 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">7\ue01e<span class=\"_ _113\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x52f y261f w347 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,13<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span></span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2620 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2620 w348 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eight years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x530 y2620 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,46<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x531 y2620 w349 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x532 y2621 w34a h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">8<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2622 w290 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">\u2013<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x478 y2622 w34b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Nine years lat<span class=\"_ _c\"></span>er</div></td><td class=\"c n x533 y2622 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,23<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x534 y2623 w34c h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _e8\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2624 w34d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ent estimate of cum<span class=\"_ _0\"></span>ulative c<span class=\"_ _0\"></span>laims</div></td><td></td><td class=\"c n x535 y2624 w326 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>85,23<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x536 y2624 w34e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">7\ue01e<span class=\"_ _111\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x537 y2625 w34f h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">8<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x538 y2625 w350 h67\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x539 y2625 w351 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _21\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x53a y2624 w352 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17\"> </span></div></td><td class=\"c n x53b y2624 w353 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>8<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,59<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x53c y2624 w354 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _37\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x53d y2624 w355 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">10<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _34\"> </span></div></td><td class=\"c n x53e y2624 w285 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x53f y2624 w356 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,495\ue01e<span class=\"_ _14\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x540 y2625 w357 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\">10<span class=\"_ _8\"></span>9,9<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _9d\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x541 y2625 w358 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _1a\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2626 w359 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cumulativ<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>oss claims paid</div></td><td></td><td></td><td class=\"c n x542 y2626 w35a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\"><span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,33<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _112\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x543 y2626 w35b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4d ws8d\">(85<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x544 y2626 w35c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _1\"></span>9<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>105) <span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>6,529)</span></div></td><td></td><td class=\"c n x545 y2626 w35d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _0\"></span>2,525)</div></td><td></td><td class=\"c n x546 y2626 w35e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(70,<span class=\"_ _c\"></span>934)</div></td><td class=\"c n x547 y2626 w35f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls32 ws33\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>80,<span class=\"_ _c\"></span>808)</div></td><td class=\"c n x548 y2626 w360 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>(71<span class=\"_ _c\"></span>,351<span class=\"_ _c\"></span>)<span class=\"_ _9e\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x549 y2626 w2e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x54a y2626 w361 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4c ws4f\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>43,43<span class=\"_ _0\"></span>2)<span class=\"_ _7f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span></span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y2627 w2e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2016 to 2025</div></td><td></td><td></td><td class=\"c n x4ce y2627 w362 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1cf\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsdc wsf6\">9<span class=\"_ _1\"></span>07\ue01d<span class=\"_ _10f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x54b y2627 w363 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _8\"></span>,14<span class=\"_ _8\"></span>8</div></td><td></td><td></td><td></td><td class=\"c n x54c y2628 w364 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsdc wsf6\"><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _28\"> </span></span></span><span class=\"_ gs41\"> </span><span class=\"ff2 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>29</span><span class=\"_ gs41\"> </span><span class=\"_ _10f\"> </span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x54d y2627 w365 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">7,<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span></span><span class=\"_ gs41\"> </span><span class=\"_ _106\"> </span></div></td><td></td><td class=\"c n x54e y2627 w366 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>378</div></td><td></td><td class=\"c n x54f y2629 w367 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsdf wsea\">10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>6</span></div></td><td class=\"c n x550 y2629 w368 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 ls14 ws18\">2<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>91</span></div></td><td class=\"c n x551 y2629 w369 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lse1 wsed\">3<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>4</span></div></td><td></td><td class=\"c n x552 y2629 w36a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _30\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2 lsb0 wsb7\">44,609<span class=\"_ _c\"></span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _10d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></span></span></div></td><td class=\"c n x553 y2627 w36b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>3</div></td><td class=\"c n x554 y2628 w36c h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _4\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>57<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y262a w36d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">Undiscounted gr<span class=\"_ _c\"></span>oss liabilities \u2013 accident years fr<span class=\"_ _c\"></span>om 2015 and befor<span class=\"_ _0\"></span>e<span class=\"_ _12f\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _85\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x555 y262b w36e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y262c w36f h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of discounting<span class=\"_ _1f3\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _111\"> </span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x556 y262d w370 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20,0<span class=\"_ _1\"></span>69)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y262e w371 h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal gross liabilities f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (<span class=\"_ _0\"></span>\u201cLIC\u201d)<span class=\"_ _1f4\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _89\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _dc\"> </span><span class=\"_ gs28c\"> </span><span class=\"_ _107\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x557 y262f w372 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y2630 w373 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Liabilities for r<span class=\"_ _c\"></span>emaining cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age (\u201cLRC\u201d)</div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x558 y2630 w374 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>3,80<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x559 y2630 w375 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w376 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>ot<span class=\"_ _0\"></span>al gr<span class=\"_ _0\"></span>oss liabilities included in the Stat<span class=\"_ _c\"></span>ement of Financial Position</div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x55a y24bc w377 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1fb\"> </span><span class=\"_ gs41\"> </span><span class=\"ff2\">244,300</span><span class=\"_ gs41\"> </span></div></td></tr></table>The unshaded numbers ar<span class=\"_ _c\"></span>e undiscounted,<span class=\"_ _2\"></span> but otherwise pr<span class=\"_ _c\"></span>esented on an IFRS 17 basis.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shaded numbers hav<span class=\"_ _0\"></span>e not been r<span class=\"_ _0\"></span>estat<span class=\"_ _c\"></span>ed under IFRS 17 and reflect the n<span class=\"_ _0\"></span>umbers as pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _0\"></span>eported under IFRS 4.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The primar<span class=\"_ _1\"></span>y dif<span class=\"_ _0\"></span>fer<span class=\"_ _c\"></span>ence between the IFRS 17 and IFRS 4 numbers pr<span class=\"_ _c\"></span>esented her<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to the risk adjustment.<span class=\"_ _2d8\"> </span>The net liabilities f<span class=\"_ _0\"></span>or incurred c<span class=\"_ _0\"></span>laims and net liabilities for r<span class=\"_ _c\"></span>emaining cover<span class=\"_ _c\"></span>age per pr<span class=\"_ _0\"></span>oduct is given belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w2ff h7a\" id=\"_e727674e-cc96-43de-8993-e14f223ea034\"><tr><td></td><td></td><td class=\"c n x443 y25d6 w269 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LIC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x444 y25d6 w26a h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">LRC<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x445 y25d6 w26b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25d7 w300 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws10c\">Motor V<span class=\"_ _2\"></span>ehicle<span class=\"_ _1fc\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4e1 y25d7 w301 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls95 ws99\">15<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></div></td><td class=\"c n x4e2 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e3 y25d7 w1ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">5,83<span class=\"_ _c\"></span>7\ue01e</div></td><td class=\"c n x4e4 y25d7 w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e5 y25d7 w155 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">98,286\ue01e<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y25fe w302 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Motor<span class=\"_ _c\"></span>cycle<span class=\"_ _1fd\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x4e6 y25ff w303 h77\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8a\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4e7 y25fe w304 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x4e8 y25fe w305 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>1<span class=\"_ _0\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4e9 y25fe w306 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">,823<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25d9 w274 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>axi</div></td><td class=\"c n x4ea y25d9 w307 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span>2<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x4eb y2600 w308 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _125\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x4ec y2600 w309 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x4ed y25d9 w30a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">2<span class=\"_ _1\"></span>6<span class=\"_ _1a\"></span>,19<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td></td><td class=\"c n x4ee y24bc w30c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"_ _164\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span><span class=\"ff2 lsa2 wsa4\">19<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0</span></span></div></td><td></td><td class=\"c n x4ef y25c8 w30d h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _6b\"> </span><span class=\"_ gs41\"> </span></span><span class=\"ls46 wsae\">5<span class=\"_ _1\"></span>3,8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0</span></div></td><td></td><td></td><td class=\"c n x4f0 y25c8 w30e h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ff4 ls0 ws0\"><span class=\"ff2 lsa2 wsa4\"><span class=\"ls46 wsae\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span><span class=\"_ _49\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span><span class=\"ff2 ls4e ws50\">24<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>,30<span class=\"_ _1\"></span>0</span></span></span></span></span><span class=\"ff4 ls0 ws0\"><span class=\"ff2 lsa2 wsa4\"><span class=\"ls46 wsae\"><span class=\"ff4 ls0 ws0\"><span class=\"ff2 ls4e ws50\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></span></span></span></span></div></td></tr></table>3.5<span class=\"_ _1\"></span>. IN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE R<span class=\"_ _1\"></span>EVE<span class=\"_ _1\"></span>NU<span class=\"_ _1\"></span>E AN<span class=\"_ _1\"></span>D EXP<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S \u2013 SE<span class=\"_ _1\"></span>GM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT<span class=\"_ _0\"></span>AL DI<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>CLOS<span class=\"_ _1\"></span>UR<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>An analysis of insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue,<span class=\"_ _2\"></span> insur<span class=\"_ _c\"></span>ance ser<span class=\"_ _1\"></span>vice expenses and net e<span class=\"_ _0\"></span>xpenses fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts held is included in the t<span class=\"_ _0\"></span>ables below<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Additional inf<span class=\"_ _c\"></span>ormation on amounts r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss and OCI is included in the mo<span class=\"_ _c\"></span>vements in insur<span class=\"_ _0\"></span>ance and r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act balances in Note 3.2.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup pro<span class=\"_ _0\"></span>vides short-term motor insur<span class=\"_ _c\"></span>ance to clients<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which comprises thr<span class=\"_ _0\"></span>ee lines of business,<span class=\"_ _2\"></span> Mot<span class=\"_ _0\"></span>or <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>ehicle insur<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> Motor<span class=\"_ _c\"></span>cycle insur<span class=\"_ _0\"></span>ance and <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>axi insurance,<span class=\"_ _2\"></span> which ar<span class=\"_ _c\"></span>e written solely in the UK.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group has no other lines of business<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> nor does it oper<span class=\"_ _0\"></span>ate outside of the UK.<span class=\"_ _2\"></span> Other income r<span class=\"_ _c\"></span>elates t<span class=\"_ _0\"></span>o auxiliary products and services,<span class=\"_ _2\"></span> including br<span class=\"_ _c\"></span>oker<span class=\"_ _c\"></span>age and administration f<span class=\"_ _c\"></span>ees,<span class=\"_ _2\"></span> all r<span class=\"_ _0\"></span>elating to the mot<span class=\"_ _c\"></span>or insurance business<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not have a single client which accounts f<span class=\"_ _0\"></span>or mor<span class=\"_ _0\"></span>e than 10% of r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue.<span class=\"_ _2d8\"> </span><table class=\"s w378 h7d\" id=\"_846adecb-500b-4d56-be61-5e706de5eb6e\"><tr><td></td><td></td><td class=\"c n x1dc y2631 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x55b y2631 w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x55c h29 y2632 ff2 fs22 fc2 sc0 ls0 ws0\">Motor </td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x55d h29 y2632 ff2 fs22 fc2 sc0 ls0 ws0\">Motor </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x55e y2633 w37a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">V<span class=\"_ _c\"></span>ehicles<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x55f y2633 w37b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Motorcyc<span class=\"_ _0\"></span>le<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x560 y2633 w37c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Taxi<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x561 y2633 w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x562 y2633 w37a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">V<span class=\"_ _c\"></span>ehicles<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x563 y2633 w37b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Motorcyc<span class=\"_ _0\"></span>le<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x564 y2633 w37c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Taxi<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x565 y2633 w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x566 y2634 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x567 y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x568 y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x569 y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56a y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x56b y2634 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56c y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x56d y2634 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2635 ff2 fs7 fc2 sc0 ls1d ws31\">Insurance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue<span class=\"_ _1ff\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2636 w37e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enue fr<span class=\"_ _c\"></span>om contracts measur<span class=\"_ _c\"></span>ed under the P<span class=\"_ _c\"></span>AA</div></td><td class=\"c n x56e y2636 w37f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _200\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>312</span></div></td><td class=\"c n x56f y2637 w380 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x570 y2636 w381 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">15<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1eb\"> </span></div></td><td class=\"c n x571 y2636 w382 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x572 y2636 w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">990\ue01d</div></td><td class=\"c n x573 y2636 w384 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>222,63<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x574 y2636 w385 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">5\ue01e<span class=\"_ _58\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x575 y2636 w386 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _56\"> </span></div></td><td class=\"c n x576 y2636 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x577 y2636 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,297\ue01e</div></td><td class=\"c n x578 y2636 w388 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>248,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x579 y2636 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2638 w389 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls1d ws31\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _c\"></span> reven<span class=\"_ _0\"></span>ue<span class=\"_ _201\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x57a y2638 w38a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">19<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>312</div></td><td class=\"c n x57b y2639 w380 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e6\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x57c y2638 w381 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">15<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1eb\"> </span></div></td><td class=\"c n x57d y2638 w382 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x57e y2638 w383 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\">990\ue01d</div></td><td class=\"c n x57f y2638 w384 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>222,63<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x580 y2638 w385 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\">5\ue01e<span class=\"_ _58\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x581 y2638 w386 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _56\"> </span></div></td><td class=\"c n x582 y2638 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x583 y2638 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,297\ue01e</div></td><td class=\"c n x584 y2638 w388 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>248,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x585 y2638 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y263a ff2 fs7 fc2 sc0 ls1d ws31\">Insurance s<span class=\"_ _0\"></span>ervice expens<span class=\"_ _0\"></span>e<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y263b w38b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims and other dir<span class=\"_ _0\"></span>ectly attributable e<span class=\"_ _0\"></span>xpenses<span class=\"_ _16d\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x586 y263b w38c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">(<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>2<span class=\"_ _3\"> </span>,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>)<span class=\"_ _3e\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x587 y263b w38d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>319<span class=\"_ _8\"></span>)<span class=\"_ _1eb\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x588 y263b w38e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">(<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>)</div></td><td class=\"c n x589 y263b w38f h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs102\"> </span>(1<span class=\"_ _c\"></span>62<span class=\"_ _1\"></span>,520<span class=\"_ _1\"></span>)<span class=\"_ _108\"> </span><span class=\"ff4 lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58a y263b w390 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">(<span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _3a\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58b y263b w391 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>73<span class=\"_ _1\"></span>)<span class=\"_ _202\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x58c y263b w392 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,15<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _d\"> </span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x58d y263b w393 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y263c w394 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to the LIC</div></td><td class=\"c n x58e y263c w395 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>3,8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x58f y263c w396 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls33 ws34\"><span class=\"_ gs102\"> </span>(93<span class=\"_ _0\"></span>)<span class=\"_ _e3\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x590 y263d w397 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>75<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x591 y263d w398 h61\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls8e ws91\">4<span class=\"_ _1\"></span>,782<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x592 y263c w399 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>9</div></td><td class=\"c n x593 y263e w39a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _85\"> </span></span></div></td><td></td><td class=\"c n x594 y263c w39b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>4,<span class=\"_ _1\"></span>323\ue01e</div></td><td class=\"c n x595 y263c w39c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>6,28<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y263f w39d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amortisation of insurance acquisition cash flo<span class=\"_ _0\"></span>ws</div></td><td class=\"c n x596 y263f w39e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _204\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x597 y263f w39f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"_ _41\"> </span><span class=\"lsad ws57\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>(2,<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>89)</span></div></td><td class=\"c n x598 y263f w3a0 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7d ws7c\"><span class=\"_ gs102\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>,885<span class=\"_ _0\"></span>)<span class=\"_ _c9\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x43b y263f w3a1 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\">(<span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _17\"> </span><span class=\"ff4 ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x599 y263f w3a2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls92 ws96\">(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>)</div></td><td class=\"c n x59a y263f w3a3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _0\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>93)</div></td><td></td><td class=\"c n x59b y263f w3a4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>939)<span class=\"_ _2a\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x59c y263f w3a5 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2640 w3a6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _0\"></span> service expense<span class=\"_ _c4\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x59d y2640 w3a7 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>121,12<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x59e y2640 w3a8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4,60<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _c9\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x59f y2640 w3a9 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\">(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,767<span class=\"_ _1\"></span>)<span class=\"_ _113\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a0 y2640 w3aa h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">(<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>1)<span class=\"_ _d\"> </span><span class=\"ff4 ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a1 y2640 w3ab h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls49 ws49\">(<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>17<span class=\"_ _1a\"></span>)<span class=\"_ _56\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a2 y2640 w3ac h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>8)<span class=\"_ _2a\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5a3 y2640 w3ad h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _8\"></span>6)<span class=\"_ _107\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5a4 y2640 w3ae h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>61)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2641 ff2 fs7 fc2 sc0 lsd6 ws14\">Net income<span class=\"_ _c\"></span>/<span class=\"_ _2\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from reinsurance<span class=\"_ _0\"></span> contracts<span class=\"_ _0\"></span> held<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2642 w3af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance expenses \u2013 contr<span class=\"_ _c\"></span>acts measured under the P<span class=\"_ _2\"></span>AA<span class=\"_ _200\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a5 y2642 w3b0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse1 wsed\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,13<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _10e\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5a6 y2642 w3b1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>)<span class=\"_ _10e\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5a7 y2642 w3b2 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)</div></td><td class=\"c n x5a8 y2642 w1f h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,872<span class=\"_ _1\"></span>)</div></td><td class=\"c n x5a9 y2642 w3b3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(30,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>9)<span class=\"_ _41\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5aa y2642 w3b4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>)</div></td><td></td><td class=\"c n x5ab y2642 w3b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>2,093)</div></td><td class=\"c n x5ac y2642 w20 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(33,6<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2643 w20d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Incurr<span class=\"_ _0\"></span>ed claims r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y</div></td><td class=\"c n x5ad y2644 w3b6 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1de\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5ae y2643 w3b7 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lse1 wsed\">4<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>5</div></td><td class=\"c n x5af y2644 w3b8 h68\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _65\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5b0 y2644 w3b9 h62\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa0 wsa2\"><span class=\"lse1 wsed\"><span class=\"ls25 ws27\"><span class=\"lsed wsff\">4<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"> </span>4<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _56\"> </span></span></span></span></span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5b1 y2643 w3ba h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3</div></td><td class=\"c n x5b2 y2645 w3bb h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsd3 wse0\"><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>4\ue01e</span></div></td><td></td><td class=\"c n x5b3 y2643 w3bc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,2<span class=\"_ _0\"></span>71\ue01e<span class=\"_ _83\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5b4 y2643 w3bd h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y2646 ff4 fs7 fc2 sc0 ls0 ws0\">Changes that r<span class=\"_ _0\"></span>elate t<span class=\"_ _c\"></span>o past ser<span class=\"_ _1\"></span>vice \u2013 changes in the FCF r<span class=\"_ _c\"></span>elating to incurr<span class=\"_ _0\"></span>ed claims </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y25c3 w3be h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>ery</div></td><td class=\"c n x5b5 y2647 w3bf h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _205\"> </span><span class=\"ff2 ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>767<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10a\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x5b6 y2647 w3c0 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _53\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5b7 y25c3 w3c1 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _49\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5b8 y25c3 w3c2 h63\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>1</div></td><td></td><td class=\"c n x5b9 y2647 w3c3 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls5b ws5c\"><span class=\"ls62 ws64\"><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _e5\"> </span></span></span></span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(3,8<span class=\"_ _8\"></span>03)<span class=\"_ _47\"> </span><span class=\"lsc5 wsce\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x5ba y25c3 w3c4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsc5 wsce\">262\ue01e<span class=\"_ _e3\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x541 y25c3 w3c5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>1)<span class=\"_ _e5\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5bb y25c3 w21c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">(6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>412<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25c5 w3c6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal net inc<span class=\"_ _0\"></span>ome<span class=\"_ _c\"></span>/<span class=\"_ _c\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from<span class=\"_ _0\"></span> reinsurance contrac<span class=\"_ _0\"></span>ts held<span class=\"_ _206\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5bc y25c6 w3c7 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls62 ws64\">1,<span class=\"_ _1\"></span>62<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _de\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5bd y25c5 w36b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">4<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _106\"> </span></div></td><td class=\"c n x5be y25c5 w244 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\">4<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>83\ue01d</div></td><td class=\"c n x5bf y25c5 w3c8 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5c0 y25c5 w3c9 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\">8<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x5c1 y25c5 w3ca h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>30,6</div></td><td></td><td class=\"c n x5c2 y25c5 w3cb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20<span class=\"_ _1\"></span>,699)</div></td><td class=\"c n x5c3 y25c5 w3cc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>99)<span class=\"_ _73\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5c4 y25c5 w3cd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls41 wsf0\">3<span class=\"_ _1\"></span>07\ue01e</div></td><td></td><td class=\"c n x5c5 y25c5 w3ce h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(20<span class=\"_ _1\"></span>,59<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w3cf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal insurance<span class=\"_ _0\"></span> service result<span class=\"_ _207\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5c6 y24bc w3d0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsed wsff\">7<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span>11</div></td><td class=\"c n x5c7 y2522 w3d1 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x5c8 y24bc w3d2 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>54<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _53\"> </span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x5c9 y24bc w3d3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\">7<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>17<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e3\"> </span></div></td><td></td><td></td><td class=\"c n x5ca y24bc w3d4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs41\"> </span>71,719\ue01e<span class=\"_ _85\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x5cb y24bc w3d5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2</div></td><td></td><td class=\"c n x5cc y25c8 w3d6 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _6b\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _41\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x5cd y24bc w3d7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5c wsc2\">72<span class=\"_ _1\"></span>,87<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Other than r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance assets and insur<span class=\"_ _0\"></span>ance liabilities (see Note 3.1),<span class=\"_ _b\"></span> the Group does not allocat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> monit<span class=\"_ _0\"></span>or or r<span class=\"_ _0\"></span>epor<span class=\"_ _1\"></span>t assets and liabilities per business line and does not consider the information useful in the da<span class=\"_ _0\"></span>y-to-day running of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s operations.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _0\"></span>oup also does not allocate,<span class=\"_ _b\"></span> monitor or r<span class=\"_ _0\"></span>eport other income and expenses per business line.<span class=\"_ _2d8\"> </span>3.6.<span class=\"_ _c\"></span> UNDE<span class=\"_ _1\"></span>RW<span class=\"_ _0\"></span>RITING<span class=\"_ _0\"></span> RISK<span class=\"_ _2d8\"> </span>The principal risk the Gr<span class=\"_ _c\"></span>oup faces under insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts is that the actual claims and benefit payments,<span class=\"_ _2\"></span> or the timing ther<span class=\"_ _c\"></span>eof<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> diff<span class=\"_ _c\"></span>er from expect<span class=\"_ _0\"></span>ations.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is influenced by the fr<span class=\"_ _c\"></span>equency of claims,<span class=\"_ _2\"></span> sev<span class=\"_ _0\"></span>erity of claims,<span class=\"_ _2\"></span> actual benefits paid and subsequent dev<span class=\"_ _c\"></span>elopment of long-term claims.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the objective of the Gr<span class=\"_ _c\"></span>oup is to ensur<span class=\"_ _0\"></span>e that suf<span class=\"_ _0\"></span>ficient r<span class=\"_ _0\"></span>eserves ar<span class=\"_ _0\"></span>e available t<span class=\"_ _c\"></span>o cover these liabilities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup issues only motor insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts within the UK,<span class=\"_ _2\"></span> which usually co<span class=\"_ _0\"></span>ver a 12-month dur<span class=\"_ _c\"></span>ation.<span class=\"_ _2\"></span> For these contr<span class=\"_ _0\"></span>acts,<span class=\"_ _2\"></span> the most significant risks arise fr<span class=\"_ _0\"></span>om sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e weather conditions or single cat<span class=\"_ _0\"></span>astr<span class=\"_ _c\"></span>ophic events.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or longer<span class=\"_ _c\"></span>-tail claims that t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e some years t<span class=\"_ _0\"></span>o settle,<span class=\"_ _2\"></span> ther<span class=\"_ _0\"></span>e is also inflation risk.<span class=\"_ _2\"></span> The abo<span class=\"_ _0\"></span>ve risk exposur<span class=\"_ _c\"></span>e is mitigated b<span class=\"_ _0\"></span>y diversification acr<span class=\"_ _c\"></span>oss a large portfolio of policyholders and geogr<span class=\"_ _c\"></span>aphical areas within the UK.<span class=\"_ _2\"></span> The v<span class=\"_ _0\"></span>ariability of risks is impr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ed by car<span class=\"_ _c\"></span>eful selection and implementation of underwriting str<span class=\"_ _c\"></span>ategies,<span class=\"_ _2\"></span> which ar<span class=\"_ _c\"></span>e designed to ensur<span class=\"_ _c\"></span>e that risks ar<span class=\"_ _0\"></span>e diversified in t<span class=\"_ _c\"></span>erms of type of risk and level of insur<span class=\"_ _c\"></span>ed benefits.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This is lar<span class=\"_ _0\"></span>gely achiev<span class=\"_ _0\"></span>ed thr<span class=\"_ _0\"></span>ough diversification acr<span class=\"_ _c\"></span>oss policyholders.<span class=\"_ _2\"></span> Furthermore,<span class=\"_ _2\"></span> strict claim r<span class=\"_ _c\"></span>eview policies t<span class=\"_ _0\"></span>o assess all new and ongoing claims,<span class=\"_ _b\"></span> regular det<span class=\"_ _0\"></span>ailed r<span class=\"_ _0\"></span>eview of c<span class=\"_ _0\"></span>laims handling pr<span class=\"_ _0\"></span>ocedures and fr<span class=\"_ _0\"></span>equent inv<span class=\"_ _c\"></span>estigation of possible fraudulent claims ar<span class=\"_ _c\"></span>e all policies and procedur<span class=\"_ _c\"></span>es put in place to r<span class=\"_ _c\"></span>educe the risk exposure of the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup further enfor<span class=\"_ _0\"></span>ces a policy of actively managing and pr<span class=\"_ _c\"></span>omptly pursuing claims,<span class=\"_ _2\"></span> in or<span class=\"_ _0\"></span>der to r<span class=\"_ _c\"></span>educe its exposur<span class=\"_ _0\"></span>e to unpr<span class=\"_ _c\"></span>edictable futur<span class=\"_ _c\"></span>e dev<span class=\"_ _0\"></span>elopments that can negatively impact the business<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Inflation risk is mitigated b<span class=\"_ _c\"></span>y taking expect<span class=\"_ _0\"></span>ed inflation int<span class=\"_ _0\"></span>o account when estimating insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup purchases r<span class=\"_ _c\"></span>einsurance as part of its risk mitigation pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme.<span class=\"_ _2\"></span> Reinsur<span class=\"_ _0\"></span>ance ceded is placed on a non-pr<span class=\"_ _0\"></span>oportional basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This non-pr<span class=\"_ _0\"></span>oportional reinsur<span class=\"_ _c\"></span>ance is excess-of-loss,<span class=\"_ _2\"></span> designed to mitigat<span class=\"_ _c\"></span>e the Group\u2019<span class=\"_ _2\"></span>s net exposur<span class=\"_ _c\"></span>e to single lar<span class=\"_ _0\"></span>ge claims or catastr<span class=\"_ _c\"></span>ophe losses.<span class=\"_ _2\"></span> The curr<span class=\"_ _0\"></span>ent r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme has a r<span class=\"_ _0\"></span>etention limit of \u00a31m,<span class=\"_ _b\"></span> with no upper limit.<span class=\"_ _2\"></span> Under this progr<span class=\"_ _c\"></span>amme,<span class=\"_ _2\"></span> the Group pays the first \u00a31m of an<span class=\"_ _0\"></span>y claim and,<span class=\"_ _2\"></span> fr<span class=\"_ _0\"></span>om 1 July 2025,<span class=\"_ _2\"></span> 50% of the next \u00a31m (prior t<span class=\"_ _c\"></span>o 1 July 2025:<span class=\"_ _c\"></span> 40%).<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Any amount abo<span class=\"_ _c\"></span>ve \u00a32m,<span class=\"_ _2\"></span> is cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed in full by the panel of r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>All ret<span class=\"_ _0\"></span>ention lev<span class=\"_ _c\"></span>els are subject t<span class=\"_ _0\"></span>o monthly index<span class=\"_ _0\"></span>ation subsequent to the accident dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>Amounts reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ers ar<span class=\"_ _0\"></span>e estimated in a manner consist<span class=\"_ _c\"></span>ent with the outstanding claims pr<span class=\"_ _c\"></span>ovision and ar<span class=\"_ _0\"></span>e in accor<span class=\"_ _0\"></span>dance with the r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Although the Gr<span class=\"_ _0\"></span>oup has r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance arr<span class=\"_ _0\"></span>angements,<span class=\"_ _2\"></span> it is not r<span class=\"_ _c\"></span>elieved of its dir<span class=\"_ _c\"></span>ect obligations to its policyholders and thus a cr<span class=\"_ _c\"></span>edit exposure e<span class=\"_ _0\"></span>xists with r<span class=\"_ _0\"></span>espect to ceded r<span class=\"_ _c\"></span>einsurance<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> to the e<span class=\"_ _0\"></span>xtent that an<span class=\"_ _c\"></span>y reinsur<span class=\"_ _c\"></span>er is unable to meet its obligations assumed under such r<span class=\"_ _c\"></span>einsurance agr<span class=\"_ _c\"></span>eements.<span class=\"_ _2\"></span> The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s placement of reinsur<span class=\"_ _c\"></span>ance is diversified such that it is not dependent on a single r<span class=\"_ _c\"></span>einsurer<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Ther<span class=\"_ _0\"></span>e is no single count<span class=\"_ _0\"></span>erpar<span class=\"_ _1\"></span>ty exposur<span class=\"_ _c\"></span>e that exceeds 25% of t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al reinsur<span class=\"_ _c\"></span>ance assets at the reporting dat<span class=\"_ _0\"></span>e.<span class=\"_ _2d8\"> </span>K<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span> assumptions<span class=\"_ _2d8\"> </span>The principal assumption underlying the liability estimat<span class=\"_ _0\"></span>es is that the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s future claims de<span class=\"_ _0\"></span>velopment will f<span class=\"_ _c\"></span>ollow a similar pattern t<span class=\"_ _c\"></span>o past claims dev<span class=\"_ _c\"></span>elopment experience.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This includes assumptions in r<span class=\"_ _c\"></span>espect of aver<span class=\"_ _c\"></span>age claim costs,<span class=\"_ _2\"></span> claim handling costs,<span class=\"_ _2\"></span> claim inflation f<span class=\"_ _0\"></span>actors and claim numbers f<span class=\"_ _c\"></span>or each accident year<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>Additional qualitative judgements ar<span class=\"_ _c\"></span>e used to assess the e<span class=\"_ _0\"></span>xtent t<span class=\"_ _c\"></span>o which past trends may not apply in the futur<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> for e<span class=\"_ _0\"></span>xample:<span class=\"_ _2\"></span> one-off occurr<span class=\"_ _c\"></span>ence;<span class=\"_ _c\"></span> changes in market f<span class=\"_ _c\"></span>actors such as public attitude t<span class=\"_ _0\"></span>o claiming:<span class=\"_ _2\"></span> economic conditions;<span class=\"_ _c\"></span> and internal fact<span class=\"_ _c\"></span>ors such as por<span class=\"_ _1\"></span>tfolio mix,<span class=\"_ _b\"></span> policy conditions and claims handling procedur<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> Judgement is further used to assess the ext<span class=\"_ _c\"></span>ent to which ext<span class=\"_ _0\"></span>ernal fact<span class=\"_ _c\"></span>ors such as judicial decisions and gov<span class=\"_ _0\"></span>ernment legislation aff<span class=\"_ _c\"></span>ect the estimates.<span class=\"_ _2d8\"> </span>Other k<span class=\"_ _0\"></span>ey cir<span class=\"_ _c\"></span>cumstances af<span class=\"_ _0\"></span>fecting the r<span class=\"_ _c\"></span>eliability of assumptions include variation in int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and delays in settlement.<span class=\"_ _2d8\"> </span>Sensitivities<span class=\"_ _2d8\"> </span>The mot<span class=\"_ _0\"></span>or claim liabilities ar<span class=\"_ _0\"></span>e primarily sensitive t<span class=\"_ _c\"></span>o the reserving assumptions noted abo<span class=\"_ _c\"></span>ve.<span class=\"_ _2\"></span> It has not been possible t<span class=\"_ _0\"></span>o quantify the sensitivity of individual,<span class=\"_ _2\"></span> specific assumptions such as legislative changes<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing analysis is perf<span class=\"_ _0\"></span>ormed for r<span class=\"_ _c\"></span>easonably possible mov<span class=\"_ _0\"></span>ements in ke<span class=\"_ _c\"></span>y assumptions with all other assumptions held constant,<span class=\"_ _2\"></span> showing the impact on pr<span class=\"_ _c\"></span>ofit after t<span class=\"_ _0\"></span>ax and equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The corr<span class=\"_ _0\"></span>elation of assumptions will have a significant ef<span class=\"_ _c\"></span>fect in det<span class=\"_ _0\"></span>ermining the ultimate c<span class=\"_ _0\"></span>laims liabilities,<span class=\"_ _2\"></span> but t<span class=\"_ _0\"></span>o demonstr<span class=\"_ _0\"></span>ate the impact due t<span class=\"_ _c\"></span>o changes in assumptions,<span class=\"_ _2\"></span> assumptions had to be changed on an individual basis.<span class=\"_ _2\"></span> It should be not<span class=\"_ _c\"></span>ed that movements in these assumptions ar<span class=\"_ _c\"></span>e non-linear<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>This sensitivity analysis r<span class=\"_ _0\"></span>eflects one-of<span class=\"_ _0\"></span>f impacts at the balance sheet date and should not be interpr<span class=\"_ _c\"></span>eted as a f<span class=\"_ _c\"></span>orecast.<span class=\"_ _2d8\"> </span>Gross of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _208\"> </span>Net of reinsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span>2025<span class=\"_ _f0\"> </span>2025<span class=\"_ _2d8\"> </span>Increase/<span class=\"_ _2d8\"> </span>(decrease) in profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span>Increase/decr<span class=\"_ _0\"></span>ease in equity<span class=\"_ _2d8\"> </span>Increase/<span class=\"_ _2d8\"> </span>(decrease) in pr<span class=\"_ _0\"></span>ofit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span>Increase/decr<span class=\"_ _0\"></span>ease in equity<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _ba\"> </span>\u00a3\u2019k<span class=\"_ _1cf\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _f7\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Liabilit<span class=\"_ _1\"></span>y f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (1<span class=\"_ _0\"></span>) (2) (3)<span class=\"_ _2d8\"> </span>Impact of 5% incr<span class=\"_ _0\"></span>ease in insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _133\"> </span><span class=\"ff2 lsad ws57\"><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>(1<span class=\"_ _c\"></span>6,<span class=\"_ _c\"></span>959)<span class=\"_ _48\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _79\"> </span></span><span class=\"_ gs102\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _c\"></span>959)<span class=\"_ _46\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span>Impact of an incr<span class=\"_ _0\"></span>ease in ultimate loss r<span class=\"_ _c\"></span>atio of 5ppts<span class=\"_ _20b\"> </span><span class=\"ff2 ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(2<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>32<span class=\"_ _1\"></span>6)<span class=\"_ _20a\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _54\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _20a\"> </span></span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></span>Discount rates<span class=\"_ _2d8\"> </span>Impact of 1% incr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _20c\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _cb\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>5,564<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"ls41 wsf0\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>572<span class=\"_ gs102\"> </span><span class=\"_ _38\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>17<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _d4\"> </span></span></span><span class=\"_ gs102\"> </span>2,070<span class=\"_ gs102\"> </span><span class=\"_ _122\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>48<span class=\"_ gs102\"> </span></span></span>Impact of 1% decr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _1b0\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _1a\"></span>(<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span>,11<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _d3\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>(5,907)<span class=\"_ _92\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _8\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>1)<span class=\"_ _6c\"> </span><span class=\"lsad ws57\"><span class=\"_ gs102\"> </span>(1<span class=\"_ _c\"></span>89)<span class=\"_ _ad\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>(2,189)<span class=\"_ _e9\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(2,378)<span class=\"_ _2d8\"> </span></span></span></span></span></span>Risk adjustmen<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r non-<span class=\"_ _1\"></span>financial<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span>Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk adjustment up by 5ppts<span class=\"_ _20d\"> </span><span class=\"ff2 ls30 ws31\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>,555<span class=\"_ _0\"></span>)<span class=\"_ _20e\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _66\"> </span></span><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>,555<span class=\"_ _c\"></span>)<span class=\"_ _e9\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _20a\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6)<span class=\"_ _2d8\"> </span></span></span>Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk adjustment down b<span class=\"_ _0\"></span>y 5ppts<span class=\"_ _20f\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _210\"> </span></span><span class=\"ff2\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _145\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2,2<span class=\"_ _1\"></span>33<span class=\"_ gs102\"> </span><span class=\"_ _209\"> </span></span></span><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _86\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,2<span class=\"_ _1\"></span>33<span class=\"_ gs102\"> </span></span></span>(1) <span class=\"_ _5\"> </span>The impact of decreases will hav<span class=\"_ _0\"></span>e a similar but opposite impact<span class=\"_ _2d8\"> </span>(2) <span class=\"_ _5\"> </span>Excludes the impact of discounting<span class=\"_ _2d8\"> </span>(3) <span class=\"_ _5\"> </span>A substantial increase in individually lar<span class=\"_ _c\"></span>ge claims which are o<span class=\"_ _0\"></span>ver our r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance ret<span class=\"_ _c\"></span>ention limit,<span class=\"_ _c\"></span> generally will hav<span class=\"_ _0\"></span>e no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Gross of r<span class=\"_ _0\"></span>einsurance<span class=\"_ _208\"> </span>Net of reinsur<span class=\"_ _0\"></span>ance<span class=\"_ _2d8\"> </span>2024<span class=\"_ _f0\"> </span>2024<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span>Increase/decr<span class=\"_ _0\"></span>ease in equity<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in profit,<span class=\"_ _2\"></span> after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>Increase/(decr<span class=\"_ _0\"></span>ease) in other comprehensiv<span class=\"_ _0\"></span>e income,<span class=\"_ _2\"></span> after tax<span class=\"_ _2d8\"> </span>Increase/decr<span class=\"_ _0\"></span>ease in equity<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _ba\"> </span>\u00a3\u2019k<span class=\"_ _1cf\"> </span>\u00a3\u2019k<span class=\"_ _209\"> </span>\u00a3\u2019k<span class=\"_ _f7\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Liabilit<span class=\"_ _1\"></span>y f<span class=\"_ _0\"></span>or incurred<span class=\"_ _0\"></span> claims (1<span class=\"_ _0\"></span>) (2) (3)<span class=\"_ _2d8\"> </span>Impact of 5% incr<span class=\"_ _0\"></span>ease in insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _152\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1)<span class=\"_ _55\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>13<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>21)<span class=\"_ _a6\"> </span></span><span class=\"_ gs41\"> </span>(7,902)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _52\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>(<span class=\"_ _1a\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>)<span class=\"_ _2d8\"> </span></span></span>Impact of an incr<span class=\"_ _0\"></span>ease in ultimate loss r<span class=\"_ _c\"></span>atio of 5ppts<span class=\"_ _212\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>33)<span class=\"_ _20a\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _b1\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>2,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>33)<span class=\"_ _79\"> </span></span><span class=\"_ gs41\"> </span>(13,256)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _8f\"> </span><span class=\"ls4e ws50\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>3,25<span class=\"_ _1\"></span>6<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></span></span>Discount rates<span class=\"_ _2d8\"> </span>Impact of 1% incr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ _1d0\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs41\"> </span>78<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _6c\"> </span></span><span class=\"_ gs41\"> </span>5,499<span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span><span class=\"lsdd wseb\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,282<span class=\"_ gs41\"> </span><span class=\"_ _213\"> </span></span><span class=\"_ gs41\"> </span>151<span class=\"_ gs41\"> </span><span class=\"_ _214\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _215\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Impact of 1% decr<span class=\"_ _0\"></span>ease in the discount r<span class=\"_ _0\"></span>ates used in calculating pr<span class=\"_ _0\"></span>esent value of futur<span class=\"_ _c\"></span>e expected cash outflo<span class=\"_ _0\"></span>ws<span class=\"_ gs41\"> </span>(8<span class=\"_ _1\"></span>82)<span class=\"_ _e9\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(6,497)<span class=\"_ _7a\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs41\"> </span>(7<span class=\"_ _2\"></span>,379)<span class=\"_ _40\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(159)<span class=\"_ _8f\"> </span><span class=\"lsc7 wsd0\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>,4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>5)<span class=\"_ _12a\"> </span><span class=\"ls8e ws91\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>(2,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4)<span class=\"_ _2d8\"> </span></span></span></span></span></span>Risk adjustmen<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r non-<span class=\"_ _1\"></span>financial<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span>Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk adjustment up by 5ppts<span class=\"_ _216\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span>(9<span class=\"_ _c\"></span>,01<span class=\"_ _c\"></span>8)<span class=\"_ _48\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _122\"> </span></span><span class=\"_ gs41\"> </span>(9,0<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>8)<span class=\"_ _ac\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>(2,358)<span class=\"_ _211\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _145\"> </span><span class=\"lsc7 wsd0\"><span class=\"_ gs41\"> </span>(2,<span class=\"_ _1\"></span>35<span class=\"_ _1\"></span>8)<span class=\"_ _2d8\"> </span></span></span></span></span>Impact of moving the confidence int<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>val of the book<span class=\"_ _c\"></span>ed risk adjustment down b<span class=\"_ _0\"></span>y 5ppts<span class=\"_ _217\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _1ca\"> </span></span><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _197\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>7,<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _cc\"> </span></span><span class=\"_ gs41\"> </span>2,004<span class=\"_ gs41\"> </span><span class=\"_ _ba\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _d4\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span>2,0<span class=\"_ _1\"></span>04<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>(1) <span class=\"_ _5\"> </span>The impact of decreases will hav<span class=\"_ _0\"></span>e a similar but opposite impact<span class=\"_ _2d8\"> </span>(2) <span class=\"_ _5\"> </span>Excludes the impact of discounting<span class=\"_ _2d8\"> </span>(3) <span class=\"_ _5\"> </span>A substantial increase in individually lar<span class=\"_ _c\"></span>ge claims which are o<span class=\"_ _0\"></span>ver our r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance ret<span class=\"_ _c\"></span>ention limit,<span class=\"_ _c\"></span> generally will hav<span class=\"_ _0\"></span>e no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span>The 2024 risk adjustment sensitivity impact has been r<span class=\"_ _0\"></span>ecalculat<span class=\"_ _0\"></span>ed to r<span class=\"_ _c\"></span>eflect the impact of discounting in line with the impact calculated f<span class=\"_ _0\"></span>or 2025.<span class=\"_ _2d8\"> </span>Climate change<span class=\"_ _2d8\"> </span>Management has assessed the short-,<span class=\"_ _2\"></span> medium- and long-term risks that r<span class=\"_ _0\"></span>esult fr<span class=\"_ _0\"></span>om climat<span class=\"_ _0\"></span>e change.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shor<span class=\"_ _1\"></span>t-t<span class=\"_ _0\"></span>erm risk is low<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Given the geogr<span class=\"_ _0\"></span>aphical diversity of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s policyholders within the UK and the Group\u2019<span class=\"_ _2\"></span>s r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme,<span class=\"_ _2\"></span> it is highly unlik<span class=\"_ _0\"></span>ely that a climate ev<span class=\"_ _0\"></span>ent will mat<span class=\"_ _0\"></span>erially impact the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s financial position,<span class=\"_ _2\"></span> including its assessment of the liability for incurr<span class=\"_ _0\"></span>ed claims.<span class=\"_ _2\"></span> Mor<span class=\"_ _c\"></span>e likely is that the costs associated with the tr<span class=\"_ _c\"></span>ansition to a lo<span class=\"_ _0\"></span>w-carbon economy will impact the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s indemnity spend in the medium term,<span class=\"_ _2\"></span> as electr<span class=\"_ _0\"></span>onic vehicles ar<span class=\"_ _c\"></span>e currently r<span class=\"_ _c\"></span>elatively expensiv<span class=\"_ _c\"></span>e to fix.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is somewhat,<span class=\"_ _2\"></span> or perhaps completely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> offset b<span class=\"_ _c\"></span>y advances in technology r<span class=\"_ _c\"></span>educing the fr<span class=\"_ _0\"></span>equency of claims,<span class=\"_ _2\"></span> in particular bodily injur<span class=\"_ _1\"></span>y claims which ar<span class=\"_ _c\"></span>e generally f<span class=\"_ _c\"></span>ar more expensiv<span class=\"_ _c\"></span>e than damage to vehicles<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These changes in the costs of claims ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>adual and,<span class=\"_ _2\"></span> as such,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eflect<span class=\"_ _0\"></span>ed in the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s claims experience and fed int<span class=\"_ _c\"></span>o the pricing of policies.<span class=\"_ _2\"></span> Howe<span class=\"_ _0\"></span>ver<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> if the pr<span class=\"_ _0\"></span>opensity to tr<span class=\"_ _c\"></span>avel b<span class=\"_ _0\"></span>y car decr<span class=\"_ _0\"></span>eases ov<span class=\"_ _c\"></span>erall,<span class=\"_ _2\"></span> this could impact the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s income in the long term.<span class=\"_ _b\"></span> 3.7<span class=\"_ _c\"></span>. IN<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ANC<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>L<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TE<span class=\"_ _1\"></span>D CR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>DIT R<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>K<span class=\"_ _0\"></span>ey insur<span class=\"_ _c\"></span>ance-relat<span class=\"_ _c\"></span>ed areas wher<span class=\"_ _c\"></span>e the Group is exposed t<span class=\"_ _c\"></span>o credit def<span class=\"_ _0\"></span>ault risk ar<span class=\"_ _0\"></span>e: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Reinsur<span class=\"_ _c\"></span>ers default on their shar<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s insurance liabilities <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Def<span class=\"_ _0\"></span>ault on amounts due fr<span class=\"_ _0\"></span>om insur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>act intermediaries or policyholders<span class=\"_ _2d8\"> </span>Sabr<span class=\"_ _0\"></span>e uses a large panel of secur<span class=\"_ _c\"></span>e reinsur<span class=\"_ _c\"></span>ance companies.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The credit risk of r<span class=\"_ _c\"></span>einsurers included in the r<span class=\"_ _c\"></span>einsurance pr<span class=\"_ _c\"></span>ogramme is consider<span class=\"_ _c\"></span>ed annually b<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>eviewing their cr<span class=\"_ _c\"></span>edit worthiness.<span class=\"_ _2\"></span> Sabre\u2019<span class=\"_ _2\"></span>s lar<span class=\"_ _0\"></span>gest r<span class=\"_ _0\"></span>einsur<span class=\"_ _0\"></span>ance counterparty is Munich Re.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The credit risk e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e is fur<span class=\"_ _1\"></span>ther monitor<span class=\"_ _c\"></span>ed thr<span class=\"_ _0\"></span>oughout the year t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e that changes in cr<span class=\"_ _0\"></span>edit risk positions ar<span class=\"_ _0\"></span>e adequately addr<span class=\"_ _c\"></span>essed.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>ables demonstr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s exposure t<span class=\"_ _c\"></span>o credit risk in r<span class=\"_ _c\"></span>espect of over<span class=\"_ _c\"></span>due insurance debt and count<span class=\"_ _c\"></span>erpar<span class=\"_ _1\"></span>ty creditw<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>thiness.<span class=\"_ _2d8\"> </span>Ov<span class=\"_ _0\"></span>erdue insurance-<span class=\"_ _1\"></span>related<span class=\"_ _0\"></span> debt<span class=\"_ _2d8\"> </span><table class=\"s w3e5 h7f\" id=\"_779eac6b-626e-425d-81cf-1fd99723cb17\"><tr><td></td><td class=\"t m0 x5ce h29 y2650 ff2 fs22 fc2 sc0 ls0 ws0\">Neither past </td><td></td><td></td><td></td><td></td><td class=\"t m0 x5cf h29 y2651 ff2 fs22 fc2 sc0 ls0 ws0\">Carrying value </td><td></td></tr><tr><td></td><td class=\"t m0 x5d0 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">due nor </td><td></td><td class=\"t m0 x5d1 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Past due </td><td class=\"t m0 x5d2 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Past due mor<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5d3 h29 y2652 ff2 fs22 fc2 sc0 ls0 ws0\">Assets that hav<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5cf h29 y2653 ff2 fs22 fc2 sc0 ls0 ws0\">in the balance </td><td></td></tr><tr><td></td><td class=\"t m0 x5d4 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">impaired<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x5d5 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">1\u201390 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d6 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">than 90 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d7 h29 y2654 ff2 fs22 fc2 sc0 ls0 ws0\">been impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d8 h29 y2655 ff2 fs22 fc2 sc0 ls0 ws0\">sheet<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y2656 w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5d9 y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y2656 w3da h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5db y2656 w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dc y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dd y2656 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2657 w3db h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x5f2 y2658 w3e6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>26<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,7<span class=\"_ _1\"></span>81\ue01d</div></td><td></td><td class=\"c n x5f3 y2658 we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f4 y2658 we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f5 y2658 w3e7 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x5f6 y2658 w3e8 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2659 w3df h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x5f7 y265a w3e9 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,70<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5f8 y265a w3ea h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8e ws91\">8\ue01d<span class=\"_ _eb\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5f9 y265a w3eb h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></div></td><td class=\"c n x5fa y265a w3ec h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x5fb y265a we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x5fc y265a w3ed h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5fd y265a w3ee h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w3ef h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _219\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x5fe y2522 w3f0 h68\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x5ff y24bc w3eb h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">81<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></div></td><td class=\"c n x600 y24bc w3f1 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x601 y24bc w3f2 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _5c\"> </span></span></span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x602 y24bc w3f3 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w3d8 h7e\" id=\"_0950c16e-9edc-4e71-a61a-1223bac69fa7\"><tr><td></td><td></td><td class=\"t m0 x5ce h29 y2648 ff2 fs22 fc2 sc0 ls0 ws0\">Neither past </td><td></td><td></td><td></td><td class=\"t m0 x5cf h29 y2649 ff2 fs22 fc2 sc0 ls0 ws0\">Carrying value </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5d0 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">due nor </td><td class=\"t m0 x5d1 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Past due </td><td class=\"t m0 x5d2 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Past due mor<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5d3 h29 y264a ff2 fs22 fc2 sc0 ls0 ws0\">Assets that hav<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5cf h29 y264b ff2 fs22 fc2 sc0 ls0 ws0\">in the balance </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5d4 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d5 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">1\u201390 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d6 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">than 90 days<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d7 h29 y264c ff2 fs22 fc2 sc0 ls0 ws0\">been impaired<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d8 h29 y264d ff2 fs22 fc2 sc0 ls0 ws0\">sheet<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td class=\"c n x1de y264e w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5d9 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5da y264e w3da h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5db y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dc y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5dd y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y255c w3db h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td></td><td class=\"c n x5df y255c w3dc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x5e0 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e1 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e2 y255c w3dd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e3 y255c w3de h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y24bb w3df h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y264f ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td></td><td class=\"c n x5e5 y24bb w3e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>41,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a2\"> </span></div></td><td class=\"c n x5e6 y24bb w3e1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>22\ue01e</div></td><td class=\"c n x5e7 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e8 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5e9 y24bb w3e2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>41<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5ea y24bb w2c0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">,777\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x5eb y24bc w3e3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>243,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5ec y24bc w26f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">986\ue01e</div></td><td class=\"c n x5ed y24bc w3e1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>22\ue01e</div></td><td class=\"c n x5ee y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5ef y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x5f0 y24bc w3e4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>244,0<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5f1 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>(1) Undiscounted<span class=\"_ _2d8\"> </span>(2) <span class=\"_ _5\"> </span>Included within <span class=\"_ _c\"></span>\u2018Insurance contr<span class=\"_ _c\"></span>act liabilities\u2019<span class=\"_ _2d8\"> </span>Exposure by<span class=\"_ _0\"></span> credit rating<span class=\"_ _2d8\"> </span><table class=\"s w3f4 h80\" id=\"_86a67363-ce13-42e7-b316-1c9d34368c9c\"><tr><td></td><td class=\"c n x603 y265b w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y265b w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x605 y265b w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y265b w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y265b w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x608 y265b w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y265b w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y265c w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y265c w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60c y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60d y265c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60e y265c w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60f y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x610 y265c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y265e w3db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y265d ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x611 y255c w3fc h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x612 y2660 w3fd h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse1 wsed\">13<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x613 y255c w3fe h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x614 y255c we6 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x615 y255c we6 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x616 y255c w3e7 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x617 y255c w3e8 h5e\"><div class=\"t m0 x1d5 h12 y24bf ff2 fs7 fc2 sc0 lsdf wsea\">2<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>781<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y2662 w3df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x611 y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x618 y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x619 y24bb wdf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61a y24bb wdf h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61b y24bb we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x61c y24bb w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x61d y24bb w3ff h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d</div></td><td class=\"c n x61e y24bb w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x61f y24bb w3ff h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x620 y24bc w3fc h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x621 y24cd w3fd h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lse1 wsed\">13<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x622 y24bc w3fe h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x623 y24bc we6 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x624 y24bc we0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x625 y24bc w3ed h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x626 y24bc w400 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls41 wsf0\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>57\ue01d<span class=\"_ _7e\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x627 y24bc w3f3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5b ws5c\">3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>9,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w401 h81\" id=\"_bac04609-c3a3-4532-8382-2642fb90bf61\"><tr><td></td><td class=\"c n x603 y2663 w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y2663 w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x605 y2663 w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y2663 w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y2663 w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y2663 w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y2663 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y264e w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60a y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y264e w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60c y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60d y264e w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60e y264e w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60f y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x610 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y255c w3db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Reinsur<span class=\"_ _0\"></span>ance contr<span class=\"_ _0\"></span>acts assets</div><div class=\"t m0 x5de h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(1)</div></td><td class=\"c n x611 y255c w402 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _109\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x628 y255c w403 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x629 y255c w404 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>100<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x62a y255c w298 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">,093\ue01e</div></td><td class=\"c n x62b y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62c y255c w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62d y255c w250 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _134\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x62e y255c w3de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">2<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>31<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c x1de y24bb w3df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Insur<span class=\"_ _0\"></span>ance r<span class=\"_ _0\"></span>eceivables</div><div class=\"t m0 x5e4 h39 y2661 ff4 fs28 fc2 sc0 ls0 ws0\">(2)</div></td><td class=\"c n x611 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x62f y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x630 y24bb w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x631 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x632 y24bb w406 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x633 y24bb w407 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,777\ue01e</div></td><td class=\"c n x634 y24bb w408 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>41<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x635 y24bb w409 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">,777<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x620 y24bc w40a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x636 y24bc w403 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span></div></td><td class=\"c n x637 y24bc w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x638 y24bc w31a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0,093\ue01e</div></td><td class=\"c n x639 y24bc w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x63a y24bc w406 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x63b y24bc w40b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,777\ue01e</div></td><td class=\"c n x63c y24bc w1e9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>244<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x63d y24bc w40c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">,00<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>(1) Undiscounted<span class=\"_ _2d8\"> </span>(2) <span class=\"_ _5\"> </span>Included within <span class=\"_ _c\"></span>\u2018Insurance contr<span class=\"_ _c\"></span>act liabilities\u2019<span class=\"_ _2d8\"> </span>3.8<span class=\"_ _1\"></span>. NE<span class=\"_ _1\"></span>T FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SU<span class=\"_ _1\"></span>L<span class=\"_ _0\"></span>T<span class=\"_ _2d8\"> </span><table class=\"s w40d h82\" id=\"_c217b174-e490-45e3-b776-2ea51a4f6a47\"><tr><td></td><td></td><td></td><td class=\"c n x63e y2664 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x63f y2664 w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x640 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Insurance </td><td class=\"t m0 x641 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Non-insurance </td><td></td><td class=\"t m0 x642 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Insurance </td><td class=\"t m0 x5d7 h29 y2665 ff2 fs22 fc2 sc0 ls0 ws0\">Non-insurance </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x643 h29 y2666 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></td><td class=\"c n x644 y2667 w40e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x645 y2667 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td><td class=\"t m0 x646 h29 y2666 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></td><td class=\"c n x647 y2667 w40e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">relat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x648 y2667 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x649 y2668 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64a y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64b y2668 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64c y2668 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64d y2668 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64e y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x64f y2668 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2669 ff2 fs7 fc2 sc0 lsd6 ws14\">Inv<span class=\"_ _0\"></span>estment income<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1db h9 y266a ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est income on financial assets using </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y266b w40f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e int<span class=\"_ _0\"></span>erest r<span class=\"_ _c\"></span>ate method<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x650 y266b w410 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.5</div></td><td class=\"c n x651 y266b w411 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _43\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,816<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span></span></div></td><td class=\"c n x652 y266b w412 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3\ue01d<span class=\"_ _124\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x653 y266b w413 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span></div></td><td class=\"c n x654 y266b w414 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _2\"></span>,501\ue01e</div></td><td class=\"c n x655 y266b w415 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425</div></td><td class=\"c n x656 y266c w416 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span><span class=\"_ _a8\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"t m0 x1db h9 y266d ff4 fs7 fc2 sc0 ls0 ws0\">Realised gains on der<span class=\"_ _0\"></span>ecognition of debt </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y266e w417 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">securities measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x657 y266e w78 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.6</div></td><td class=\"c n x658 y266e w418 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>7\ue01d</div></td><td class=\"c n x659 y266e w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8f\"> </span></div></td><td class=\"c n x65a y266e w418 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>7\ue01d</div></td><td class=\"c n x65b y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x65c y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x65d y266e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y266f w41a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in OCI<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x65e y266f w78 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.6</div></td><td class=\"c n x65f y266f w41b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _80\"> </span><span class=\"ff2 ls65 ws65\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td class=\"c n x660 y266f w41c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls65 ws65\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x661 y2670 w41d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>518<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span></span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x662 y266f w41e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x663 y266f w41f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x664 y266f w420 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2671 w421 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal inv<span class=\"_ _c\"></span>estment income<span class=\"_ _139\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x665 y2671 w422 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls4b ws4e\">16<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x666 y2671 w423 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d<span class=\"_ _6d\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x667 y2672 w424 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">17,<span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _15f\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x668 y2671 w33c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>7<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _79\"> </span></div></td><td class=\"c n x669 y2671 w425 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _17d\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x66a y2671 w426 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y2674 w427 h83\"><div class=\"t m0 x1d5 h12 y2673 ff2 fs7 fc2 sc0 ls1d ws31\">Insurance fin<span class=\"_ _0\"></span>ance e<span class=\"_ _0\"></span>xpense fr<span class=\"_ _0\"></span>om<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsd6 ws14\">insurance contr<span class=\"_ _0\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y2675 w428 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed</div></td><td></td><td class=\"c n x66b y2675 w429 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _13d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x66c y2675 w42a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x66d y2675 w42b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">(<span class=\"_ _1\"></span>9,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</div></td><td class=\"c n x66e y2675 w42c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(8,39<span class=\"_ _1\"></span>2)</div></td><td class=\"c n x66f y2675 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x670 y2675 w32 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>(8,392)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y2677 w42d h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of changes in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">other financial assumptions</div></td><td></td><td class=\"c n x671 y2677 w42e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>5,<span class=\"_ _c\"></span>808)</div></td><td class=\"c n x672 y2677 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x673 y2677 w42f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb1 wsb9\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>5,808<span class=\"_ _c\"></span>)<span class=\"_ _11b\"> </span><span class=\"ff4 lsc7 wsd0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x674 y2677 w430 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\">6,8<span class=\"_ _1\"></span>52\ue01e</div></td><td class=\"c n x369 y2677 w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x675 y2677 w64 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>52\ue01e</div></td></tr><tr><td></td><td></td><td class=\"c n x676 y2678 w431 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(15<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>76)</div></td><td class=\"c n x677 y2679 w432 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x678 y2678 w433 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>76)</div></td><td class=\"c n x679 y2678 w434 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>40)</div></td><td class=\"c n x67a y2678 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x67b y2678 w435 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>40)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y267a w436 h83\"><div class=\"t m0 x1d5 h12 y2673 ff2 fs7 fc2 sc0 lsd6 ws14\">Reinsurance finance income<span class=\"_ _2\"></span>/<span class=\"_ _c\"></span>(<span class=\"_ _c\"></span>expense<span class=\"_ _c\"></span>) from<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsd6 ws14\">reinsurance contr<span class=\"_ _0\"></span>acts held<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y267b w428 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est accret<span class=\"_ _c\"></span>ed</div></td><td></td><td class=\"c n x67c y267b w437 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x67d y267b wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x67e y267b w438 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,23<span class=\"_ _1\"></span>6\ue01d<span class=\"_ _aa\"> </span></span><span class=\"ls92 ws96\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x67f y267b w220 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x680 y267c w439 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls92 ws96\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x681 y267b w43a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y267e w42d h84\"><div class=\"t m0 x1d5 h9 y267d ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of changes in int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ates and<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">other financial assumptions</div></td><td></td><td class=\"c n x682 y267e w395 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x683 y267e we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x684 y267e w395 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls46 wsae\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,85<span class=\"_ _1\"></span>6\ue01d</div></td><td class=\"c n x685 y267e w67 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5<span class=\"_ _1\"></span>,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td><td class=\"c n x686 y267f w43b h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x687 y267e w43c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">(5,8<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>0)</div></td></tr><tr><td></td><td></td><td class=\"c n x688 y2680 w43d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x689 y2681 w43e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x68a y2681 w43f h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6e\"> </span><span class=\"ff4 lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x68b y2680 w1e4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>)</div></td><td class=\"c n x68c y2682 w440 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x68d y2680 wbb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,16<span class=\"_ _1a\"> </span>6<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24b4 w441 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls1d ws31\">Net insur<span class=\"_ _0\"></span>ance finance<span class=\"_ _0\"></span> expens<span class=\"_ _0\"></span>e</div></td><td></td><td class=\"c n x68e y24b4 w176 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(<span class=\"_ _1\"></span>8,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>4)</div></td><td class=\"c n x68f y24b4 wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x690 y24b4 w442 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>(8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>68<span class=\"_ _1\"></span>4)<span class=\"_ _124\"> </span><span class=\"ff4 ls50 ws52\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x691 y24b4 w443 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(3<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6)</div></td><td class=\"c n x692 y24b4 w444 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x693 y24b4 w1a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls50 ws52\">(<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>70<span class=\"_ _8\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2683 w445 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">Net financial<span class=\"_ _0\"></span> results<span class=\"_ _fa\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x694 y2683 w446 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x695 y2683 w447 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x696 y2683 w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8,5<span class=\"_ _1\"></span>60\ue01d</div></td><td class=\"c n x697 y2683 w448 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _c\"></span>,569\ue01e</div></td><td class=\"c n x698 y2683 w449 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425\ue01e<span class=\"_ _80\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x699 y2683 w44a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>4<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"t m0 x1db h3e y2684 ff22 fs7 fc2 sc0 ls0 ws0\">Repr<span class=\"_ _0\"></span>esented b<span class=\"_ _0\"></span>y:<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y255c w44b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in Pr<span class=\"_ _0\"></span>ofit or Loss</div></td><td></td><td class=\"c n x69a y255c w44c h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls14 ws18\"><span class=\"_ gs102\"> </span>5<span class=\"_ _1\"></span>,0<span class=\"_ _1\"></span>91<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span></div></td><td class=\"c n x69b y255c w44d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d<span class=\"_ _e8\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x69c y255c w241 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">5<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></div></td><td class=\"c n x69d y255c w44e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\"><span class=\"_ gs41\"> </span>2,823\ue01e</div></td><td class=\"c n x69e y255c w44f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x69f y255c w121 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>3,248\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w41a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Amounts r<span class=\"_ _0\"></span>ecognised in OCI</div></td><td></td><td class=\"c n x6a0 y24bb w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2,5<span class=\"_ _1\"></span>66\ue01d</div></td><td class=\"c n x6a1 y24bb wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6a2 y24bb w450 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>66\ue01d<span class=\"_ _125\"> </span></span><span class=\"ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x6a3 y24bb w451 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x6a4 y24bb w452 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _11a\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x6a5 y24bb w453 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls98 ws9c\">4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w454 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _221\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6a6 y24bc w1a3 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x6a7 y24bc w455 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>9<span class=\"_ _1\"></span>03\ue01d</div></td><td class=\"c n x6a8 y24bc w1d1 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8,5<span class=\"_ _1\"></span>60\ue01d</div></td><td class=\"c n x6a9 y24bc w456 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>7<span class=\"_ _c\"></span>,569\ue01e</div></td><td class=\"c n x6aa y24bc w449 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>425\ue01e<span class=\"_ _80\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x6ab y24bc w44a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lsa3 wsa6\"><span class=\"lse0 wsec\">7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"> </span>9<span class=\"_ _8\"></span>4</span></span></span></span></span><span class=\"ls25 ws27\"><span class=\"ls7c ws93\"><span class=\"ff4\"><span class=\"lsa3 wsa6\"><span class=\"lse0 wsec\"><span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></span></span></span></span></span></div></td></tr></table>5. P<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>Y<span class=\"_ _c\"></span>ABLE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Pay<span class=\"_ _c\"></span>ables are r<span class=\"_ _0\"></span>ecognised when the Gr<span class=\"_ _0\"></span>oup has a contr<span class=\"_ _0\"></span>actual obligation t<span class=\"_ _0\"></span>o deliver cash or another financial asset t<span class=\"_ _c\"></span>o another entity<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> or a contr<span class=\"_ _0\"></span>actual obligation to e<span class=\"_ _0\"></span>xchange financial assets or financial liabilities with another entity under conditions that ar<span class=\"_ _0\"></span>e pot<span class=\"_ _0\"></span>entially unfa<span class=\"_ _0\"></span>vour<span class=\"_ _c\"></span>able to the entity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Payables ar<span class=\"_ _c\"></span>e carried at amor<span class=\"_ _1\"></span>tised cost.<span class=\"_ _2d8\"> </span><table class=\"s w547 h86\" id=\"_2841ba10-dca5-43c8-86ff-1f25150590f2\"><tr><td></td><td class=\"c n x1d6 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w548 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>rade and other cr<span class=\"_ _c\"></span>editors</div></td><td class=\"c n x7e5 y255c w549 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls5 ws7\"><span class=\"_ gs102\"> </span>8<span class=\"_ _1\"></span>94\ue01d<span class=\"_ _16f\"> </span></span><span class=\"lsfd ws113\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7e6 y255c w54a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsfd ws113\">9<span class=\"_ _1\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w54b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other tax<span class=\"_ _c\"></span>es</div></td><td class=\"c n x7e7 y24bb w54c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _24d\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></span></div></td><td class=\"c n x7e8 y24bb w54d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,04<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w54e h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _24e\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x7e9 y24bc w54f h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>8</div></td><td class=\"c n x7ea y2522 w550 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>5</span></span><span class=\"ls25 ws27\"><span class=\"ff4 ls4f ws51\"><span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-347": {
   "value": "4. FINA<span class=\"_ _0\"></span>NCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SS<span class=\"_ _1\"></span>ETS<span class=\"_ _2d8\"> </span>RI<span class=\"_ _1\"></span>SK MANA<span class=\"_ _0\"></span>GE<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Refer t<span class=\"_ _c\"></span>o the following not<span class=\"_ _c\"></span>es for det<span class=\"_ _0\"></span>ail on risks r<span class=\"_ _0\"></span>elating to financial assets:<span class=\"_ _2d8\"> </span>Inv<span class=\"_ _c\"></span>estment concentration risk \u2013 Not<span class=\"_ _c\"></span>e 4.2.1<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk \u2013 Not<span class=\"_ _c\"></span>e 4.2.2<span class=\"_ _2d8\"> </span>Cr<span class=\"_ _0\"></span>edit risk \u2013 Note 4.4<span class=\"_ _2d8\"> </span>Liquidity risk \u2013 Note 6<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets are summarised belo<span class=\"_ _c\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w457 h85\" id=\"_c02cf510-f44e-402d-b67c-6b11b9191408\"><tr><td></td><td></td><td class=\"c n x1d6 y2685 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y2685 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x1d8 y2686 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ac y2686 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ad y2686 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2687 w75 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x227 y2687 w76 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\">4<span class=\"_ _8\"></span>.1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ae y2687 w458 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>475<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1fc y2687 w374 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w459 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at fair v<span class=\"_ _c\"></span>alue through Other Compr<span class=\"_ _c\"></span>ehensive Income<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x22a y255c w78 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6af y255c w45a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b0 y255c w45b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span>4<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x22d y24bb w7c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">4.3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b1 y24bb w45c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b2 y24bb w45d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6b3 y24bc w45e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b4 y24bc w45f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">342<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>30<span class=\"_ _2d8\"> </span></div></td></tr></table>4<span class=\"_ _1\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>. CASH AN<span class=\"_ _1\"></span>D CASH EQ<span class=\"_ _1\"></span>UI<span class=\"_ _1\"></span>V<span class=\"_ _c\"></span>ALE<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 C<span class=\"_ _0\"></span>AS<span class=\"_ _1\"></span>H AND CAS<span class=\"_ _1\"></span>H EQ<span class=\"_ _1\"></span>UIV<span class=\"_ _0\"></span>ALE<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>Cash and cash equivalents include cash on hand,<span class=\"_ _b\"></span> deposits held on call with banks and money market funds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Cash and cash equivalents ar<span class=\"_ _0\"></span>e carried at amortised cost.<span class=\"_ _2d8\"> </span><table class=\"s w460 h86\" id=\"_e2c3b325-0b58-4bd8-ac13-6e6e12dc64fb\"><tr><td></td><td class=\"c n x1d6 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x1d7 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x6b5 y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w461 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Cash at bank and on hand</div></td><td class=\"c n x6b6 y255c w462 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _224\"> </span><span class=\"ff2 lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11b\"> </span></span></div></td><td></td><td class=\"c n x6b7 y255c w463 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x374 y255c w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w464 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Money mark<span class=\"_ _c\"></span>et funds</div></td><td class=\"c n x6b8 y2599 w465 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _225\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,6<span class=\"_ _8\"></span>52<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x6b9 y24bb w466 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">13<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x6ba y24bc w467 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6bb y2522 w468 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span><span class=\"ff4 lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6bc y24bc w469 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Cash held in money mark<span class=\"_ _c\"></span>et funds has no notice period for withdr<span class=\"_ _0\"></span>awal.<span class=\"_ _2\"></span> The carrying value of cash and cash equiv<span class=\"_ _0\"></span>alents appr<span class=\"_ _0\"></span>oximat<span class=\"_ _c\"></span>es fair value<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The full v<span class=\"_ _0\"></span>alue is expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _c\"></span>ealised within 12 months.<span class=\"_ _2d8\"> </span>4<span class=\"_ _1\"></span>.2<span class=\"_ _1\"></span>. DE<span class=\"_ _1\"></span>BT S<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>CUR<span class=\"_ _1\"></span>ITI<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S HE<span class=\"_ _1\"></span>LD AT F<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>IR V<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>LUE TH<span class=\"_ _1\"></span>RO<span class=\"_ _1\"></span>UG<span class=\"_ _1\"></span>H OTHE<span class=\"_ _1\"></span>R CO<span class=\"_ _1\"></span>MP<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>H<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>IVE IN<span class=\"_ _1\"></span>COM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL AS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ET<span class=\"_ _1\"></span>S A<span class=\"_ _0\"></span>T F<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>R V<span class=\"_ _c\"></span>ALU<span class=\"_ _1\"></span>E TH<span class=\"_ _1\"></span>ROU<span class=\"_ _1\"></span>GH OTH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>R COM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>SIV<span class=\"_ _1\"></span>E INC<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies the following financial assets at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Debt securities<span class=\"_ _2d8\"> </span>A debt instrument is measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI only if it meets both of the follo<span class=\"_ _c\"></span>wing conditions and is not designated at fair v<span class=\"_ _c\"></span>alue through the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account (\u201cFVTPL<span class=\"_ _c\"></span>\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _c\"></span>ed by both collecting contr<span class=\"_ _0\"></span>actual cash flows and selling financial<span class=\"_ gs41\"> </span>assets <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms of the financial asset giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) on the principal amount outstanding on specified dat<span class=\"_ _c\"></span>es<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>At initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es debt securities thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income at f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> plus the tr<span class=\"_ _0\"></span>ansaction costs that ar<span class=\"_ _0\"></span>e dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o the acquisition of the financial asset.<span class=\"_ _2\"></span> Debt securities at FVOCI ar<span class=\"_ _c\"></span>e subsequently measured at f<span class=\"_ _c\"></span>air value.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses debt securities at FVOCI f<span class=\"_ _c\"></span>or impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _c\"></span>\u2018thr<span class=\"_ _0\"></span>ee-st<span class=\"_ _0\"></span>age\u2019<span class=\"_ _2\"></span> model for calculating the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in cr<span class=\"_ _0\"></span>edit quality since initial r<span class=\"_ _0\"></span>ecognition.<span class=\"_ _2\"></span> Refer t<span class=\"_ _c\"></span>o Note 4.4.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s debt securities held at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income ar<span class=\"_ _c\"></span>e summarised below:<span class=\"_ _2d8\"> </span><table class=\"s w46a h87\" id=\"_34cd15e5-8083-4c09-9997-de65342f582a\"><tr><td></td><td class=\"c n x6bd y2688 w27f h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x6be y2688 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y2686 w280 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c0 y2686 w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c1 y2686 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c2 y2686 w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w46c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c3 y255b w252 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c4 y255b w46d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\">38<span class=\"_ _1\"></span>.3%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c5 y255b w46e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c6 y255b w46f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">36.2%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w470 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c7 y255c w471 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c8 y255c w472 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c9 y255c w325 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ca y255c w473 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\">3<span class=\"_ _1\"></span>3.2%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w474 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cb y24bb w85 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cc y24bb w475 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd4 wsdc\">30.8%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cd y24bb w476 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">95,<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>24<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ce y24bb w453 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsaa wsb1\">3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cf y24bc w477 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d0 y24bc w478 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d1 y24bc w45b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d2 y24bc w479 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">100.0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table>4.2.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. Inv<span class=\"_ _c\"></span>es<span class=\"_ _1\"></span>tment<span class=\"_ _0\"></span> concentration<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span>Excessive e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to particular industry sectors or gr<span class=\"_ _c\"></span>oups can give rise to concentr<span class=\"_ _c\"></span>ation risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup has no significant investment concentr<span class=\"_ _0\"></span>ation in an<span class=\"_ _0\"></span>y par<span class=\"_ _1\"></span>ticular industrial sect<span class=\"_ _0\"></span>or and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is unlikely t<span class=\"_ _c\"></span>o suff<span class=\"_ _0\"></span>er significant losses thr<span class=\"_ _0\"></span>ough its inv<span class=\"_ _0\"></span>estment portfolio as a r<span class=\"_ _0\"></span>esult of ov<span class=\"_ _c\"></span>er-e<span class=\"_ _0\"></span>xposure t<span class=\"_ _c\"></span>o sectors engaged in similar activities or which hav<span class=\"_ _c\"></span>e similar economic featur<span class=\"_ _0\"></span>es that would cause their ability t<span class=\"_ _0\"></span>o meet contr<span class=\"_ _0\"></span>actual obligations to be similarly af<span class=\"_ _c\"></span>fect<span class=\"_ _0\"></span>ed by changes in economic<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> political or other conditions.<span class=\"_ _2d8\"> </span>A significant part of the Group\u2019<span class=\"_ _2\"></span>s inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio consists primarily of UK go<span class=\"_ _0\"></span>vernment bonds and go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed bonds;<span class=\"_ _c\"></span> ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the risk of gov<span class=\"_ _c\"></span>ernment default does exist,<span class=\"_ _2\"></span> how<span class=\"_ _c\"></span>ever<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the likelihood is extr<span class=\"_ _c\"></span>emely remot<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The r<span class=\"_ _0\"></span>emainder of the portfolio consists of inv<span class=\"_ _c\"></span>estment gr<span class=\"_ _0\"></span>ade corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group contin<span class=\"_ _0\"></span>ues to monit<span class=\"_ _c\"></span>or the strength and security of all bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not have dir<span class=\"_ _0\"></span>ect exposur<span class=\"_ _c\"></span>e to Ukr<span class=\"_ _0\"></span>ainian and Russian assets.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s exposur<span class=\"_ _0\"></span>e by geogr<span class=\"_ _c\"></span>aphical area is outlined belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w47a h88\" id=\"_db501ebe-45f0-4a4c-90fe-f37fefe0e388\"><tr><td></td><td></td><td></td><td class=\"t m0 x6d3 h29 y2689 ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment-<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x5ce h29 y268a ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment </td><td></td><td class=\"t m0 x6d4 h29 y268b ff2 fs22 fc2 sc0 ls0 ws0\">back<span class=\"_ _0\"></span>ed </td><td class=\"t m0 x642 h29 y268b ff2 fs22 fc2 sc0 ls0 ws0\">Corporat<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6d5 h29 y268c ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x6d6 h29 y268d ff2 fs22 fc2 sc0 ls0 ws0\">securities<span class=\"_ _2d8\"> </span></td><td class=\"c n x6d7 y268e w198 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d8 y268e w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y268f w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5d9 y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y268f w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d9 y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6da y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6db y268f w46b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2690 w47b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">United Kingdom</div></td><td class=\"c n x6dc y2691 w47c h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _ef\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x6dd y2691 w47d h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6de y2691 w47e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x6df y2690 w47f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">1<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span></div></td><td></td><td class=\"c n x6e0 y2690 w480 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf8 ws10e\">4<span class=\"_ _8\"></span>7.1<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2692 w164 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eur<span class=\"_ _0\"></span>ope</div></td><td class=\"c n x6e1 y2692 w481 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6e2 y2693 w482 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa7 wsab\">61,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e3 y2692 w483 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">4<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,3<span class=\"_ _1\"></span>71\ue01d<span class=\"_ _4c\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e4 y2692 w484 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"> </span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td class=\"c n x6e5 y2692 w485 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">32<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2694 w486 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Northern America</div></td><td class=\"c n x6e6 y2694 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6e7 y2694 w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>25<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6e8 y2694 w487 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">,26<span class=\"_ _1\"></span>5\ue01d<span class=\"_ _70\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e9 y2694 w488 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span></div></td><td class=\"c n x6ea y2694 w489 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6eb y2694 w48a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>377<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x6ec y2694 w48b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb6 wsbe\">14<span class=\"_ _8\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2695 w48c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oceania</div></td><td class=\"c n x6e6 y2695 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x6ed y2695 w48d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6ee y2696 w48e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>018<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x6ef y2695 w48f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>018<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _144\"> </span></div></td><td class=\"c n x6f0 y2695 w490 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls96 ws9a\">1.<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2697 w491 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Asia</div></td><td class=\"c n x6f1 y2697 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6f2 y2697 w492 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6f3 y2698 w493 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6f4 y2698 w494 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\">2<span class=\"_ _8\"></span>,12<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6f5 y2697 w2dd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _144\"> </span></div></td><td class=\"c n x6f6 y2697 w495 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w496 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _f2\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6f7 y2522 w497 h89\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6f8 y24bc w498 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _85\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x6f9 y24bc w499 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7\ue01d<span class=\"_ _69\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6fa y24bc w49a h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span></div></td><td class=\"c n x6fb y24bc w49b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w49c h8a\" id=\"_3426fefe-6da9-4720-93f1-e9409597b853\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x6d3 h29 y2699 ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment-<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5ce h29 y269a ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment </td><td></td><td class=\"t m0 x6d4 h29 y269b ff2 fs22 fc2 sc0 ls0 ws0\">back<span class=\"_ _0\"></span>ed </td><td></td><td class=\"t m0 x642 h29 y269b ff2 fs22 fc2 sc0 ls0 ws0\">Corporat<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x6d5 h29 y269c ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x6d6 h29 y269d ff2 fs22 fc2 sc0 ls0 ws0\">securities<span class=\"_ _2d8\"> </span></td><td></td><td class=\"c n x6d7 y269e w198 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6d8 y269e w37d h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y269f w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5d9 y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y269f w280 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6d9 y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6da y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6db y269f w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2559 w47b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">United Kingdom</div></td><td class=\"c n x6fc y2559 w49d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6fd y2559 w49e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e<span class=\"_ _8b\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6fe y2559 w49f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\">3,03<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _7f\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x69d y26a0 w4a0 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,18<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6ff y2559 w4a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _8a\"> </span></div></td><td></td><td class=\"c n x700 y2559 we2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf9 ws10f\">4<span class=\"_ _8\"></span>7.<span class=\"_ _1a\"> </span>2<span class=\"_ _1a\"> </span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255a w164 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Eur<span class=\"_ _0\"></span>ope</div></td><td></td><td class=\"c n x6e1 y255a w4a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x701 y255a w4a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">59,277\ue01e</div></td><td></td><td class=\"c n x702 y255a w4a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ _124\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></span></div></td><td></td><td class=\"c n x703 y255a w4a5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x704 y255a w4a6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">6,<span class=\"_ _1\"></span>279\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x441 y255a w4a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd2 wsdf\">3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w486 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 wsb0\">Northern America</div></td><td></td><td class=\"c n x6e6 y255b wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x705 y255b w4a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,<span class=\"_ _0\"></span>7<span class=\"_ _c\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3fa y255b w4a9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _124\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x706 y255b w4aa h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></div></td><td></td><td></td><td class=\"c n x707 y255b w18 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>45,624\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x708 y255b w4ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w48c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Oceania</div></td><td></td><td class=\"c n x6e6 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x709 y255c w4ac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x70a y26a1 w4ad h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a8\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x70b y255c w451 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _62\"> </span></div></td><td class=\"c n x70c y255c w4ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsfa ws110\">1.<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w491 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Asia</div></td><td></td><td class=\"c n x6f1 y24bb w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x70d y24bb w4af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x70e y24bb w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e</div></td><td class=\"c n x70f y24bb w4b0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>2,0<span class=\"_ _1\"></span>99</div></td><td></td><td></td><td class=\"c n x710 y26a2 w4b1 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>17,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _62\"> </span></span></div></td><td class=\"c n x711 y24bb w4b2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsaa wsb1\">5<span class=\"_ _1\"></span>.6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x712 y24bc w4b3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x713 y24bc w2a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e</div></td><td class=\"c n x714 y24bc w4b4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\"><span class=\"_ gs41\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x715 y24bc w4b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span></div></td><td></td><td class=\"c n x716 y24bc w2ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x717 y24bc w2af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td></td><td class=\"c n x718 y24bc w4b6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _4e\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span></span></div></td><td class=\"c n x719 y24bc w479 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">100.0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s exposur<span class=\"_ _0\"></span>e by in<span class=\"_ _c\"></span>vestment type for go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed securities and corpor<span class=\"_ _0\"></span>ate bonds is outlined belo<span class=\"_ _c\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w4b7 h8b\" id=\"_c563fb14-7eba-498b-a97f-d73f9d97ed3d\"><tr><td></td><td></td><td class=\"c n x71a y26a3 w4b8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Agency<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71b y26a3 w4b9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Supranational<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71c y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71f y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td class=\"c n x720 y24bb w4ba h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>38<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x721 y24bb w4bb h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\">,0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _73\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x722 y24bb w4bc h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls62 ws64\">62<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x723 y24bb w4bd h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x724 y24bb w4be h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _230\"> </span><span class=\"ff2 lsf8 ws10e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x725 y24bc w4c0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf8 ws10e\">3<span class=\"_ _1\"></span>7.<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span>%<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></div></td><td class=\"c n x726 y24bc w4c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2%\ue01d</div></td><td></td><td class=\"c n x727 y24bc w4c2 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w4c3 h8b\" id=\"_991781a4-ee5a-4b98-b4d2-eab8a731b796\"><tr><td></td><td></td><td class=\"c n x3ba y26a3 w4c4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Financial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x728 y26a3 w4c5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Industrial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x729 y26a3 w4c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Utilities<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72a y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72c y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td class=\"c n x72f y24bb w4c7 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x730 y24bb w4c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></div></td><td class=\"c n x731 y24bb w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x732 y24bb w4c9 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">,23<span class=\"_ _1\"></span>5\ue01d</div></td><td class=\"c n x733 y24bb w4ca h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x734 y26a5 w4cb h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x735 y24bb w4cc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x736 y24bc w4ce h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x737 y24bc w4cf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsad ws57\">34<span class=\"_ _1\"></span>.2%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x738 y24bc w387 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x739 y24bc w4d0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w4d1 h8b\" id=\"_db5c2672-4277-4f2f-944a-28c667c4b120\"><tr><td></td><td class=\"c n x71a y26a3 w4b8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Agency<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71b y26a3 w4b9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Supranational<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71c y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71f y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w4d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _233\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x73a y24bb w4d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x73b y24bb w4d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>59<span class=\"_ _c\"></span>,3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x73c y24bb w4d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">46\ue01e<span class=\"_ _4c\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x73d y24bb w4d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x73e y24bc w4d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">42<span class=\"_ _1\"></span>.5%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x73f y24bc we2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf9 ws10f\">5<span class=\"_ _1a\"></span>7.<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x740 y24bc w4d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls18 ws1b\">1<span class=\"_ _c\"></span>0<span class=\"_ _8\"></span>0.0%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w4d9 h8c\" id=\"_526b2e5c-634c-4249-af68-dc702772d3ac\"><tr><td></td><td class=\"c n x3ba y26a6 w4c4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Financial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x728 y26a6 w4c5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Industrial<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x729 y26a6 w4c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Utilities<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72a y26a6 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a7 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y26a7 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72c y26a7 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26a7 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72e y26a7 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a8 w4da h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _234\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x741 y26a8 w4db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">5<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x742 y26a8 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>38,87<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x743 y26a8 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">3\ue01e</div></td><td class=\"c n x744 y26a8 w9b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4,5<span class=\"_ _1\"></span>53\ue01e</div></td><td class=\"c n x745 y26a8 w2ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x746 y26a8 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x747 y24bc w4dc h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">5<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>3%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x748 y24bc w4dd h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd2 wsdf\">4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x749 y24bc w4de h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\">4.8%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x74a y24bc w4df h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0.0%<span class=\"_ _2d8\"> </span></div></td></tr></table>4.<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2. I<span class=\"_ _1\"></span>ntere<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk is the risk that the v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash flows of a financial instrument will fluctuat<span class=\"_ _c\"></span>e because of changes in market int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.<span class=\"_ _2\"></span> Floating r<span class=\"_ _0\"></span>ate instruments e<span class=\"_ _0\"></span>xpose the Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>o cash flow int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est risk,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eas fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments expose the Gr<span class=\"_ _c\"></span>oup to f<span class=\"_ _0\"></span>air value inter<span class=\"_ _c\"></span>est risk.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s inter<span class=\"_ _c\"></span>est risk policy requir<span class=\"_ _c\"></span>es it to manage the maturities of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est-bearing financial assets and inter<span class=\"_ _c\"></span>est-bearing financial liabilities.<span class=\"_ _2\"></span> Inter<span class=\"_ _c\"></span>est on fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments is priced at inception of the financial instrument and is fixed until maturity<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has a concentration of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate risk in UK go<span class=\"_ _c\"></span>vernment bonds and other fixed-income securities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The analysis that f<span class=\"_ _0\"></span>ollows is perf<span class=\"_ _0\"></span>ormed for r<span class=\"_ _c\"></span>easonably possible mov<span class=\"_ _0\"></span>ements in ke<span class=\"_ _c\"></span>y variables with all other variables held const<span class=\"_ _c\"></span>ant,<span class=\"_ _2\"></span> showing the impact on pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _c\"></span>e tax and equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The corr<span class=\"_ _0\"></span>elation of variables will ha<span class=\"_ _0\"></span>ve a significant ef<span class=\"_ _c\"></span>fect in det<span class=\"_ _0\"></span>ermining the ultimate impact on int<span class=\"_ _c\"></span>erest r<span class=\"_ _0\"></span>ate risk,<span class=\"_ _b\"></span> but to demonstr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the impact due to changes in v<span class=\"_ _c\"></span>ariables,<span class=\"_ _2\"></span> variables had t<span class=\"_ _0\"></span>o be changed on an individual basis.<span class=\"_ _2\"></span> It should be not<span class=\"_ _c\"></span>ed that mov<span class=\"_ _c\"></span>ements in these variables ar<span class=\"_ _0\"></span>e non-linear<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>The impact of an<span class=\"_ _0\"></span>y mov<span class=\"_ _c\"></span>ement in market v<span class=\"_ _0\"></span>alues,<span class=\"_ _2\"></span> such as those caused by c<span class=\"_ _0\"></span>hanges in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> is tak<span class=\"_ _c\"></span>en through Other Compr<span class=\"_ _c\"></span>ehensive Income and has no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _c\"></span>ax.<span class=\"_ _2d8\"> </span><table class=\"s w4e0 h8d\" id=\"_2882775b-4569-401f-b9d9-130f218fdade\"><tr><td></td><td></td><td class=\"c n x74b y26a9 w4e1 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74c y26a9 w4e2 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in t<span class=\"_ _0\"></span>otal equity<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x74d y26aa w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74e y26aa w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74f y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x750 y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ab w4e3 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x751 y26ab w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x752 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x753 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x754 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26ac ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 100-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bb w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bb w4e5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>378)</span></div></td><td class=\"c n x758 y24bb w4e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(3,250)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 200-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bc w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bc w4e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x759 y24bc w4e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>6,<span class=\"_ _1\"></span>499)<span class=\"_ _2d8\"> </span></div></td></tr></table>4.2.3. Fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue is the price that would be r<span class=\"_ _c\"></span>eceived t<span class=\"_ _0\"></span>o sell an asset or paid to tr<span class=\"_ _c\"></span>ansfer a liability in an or<span class=\"_ _c\"></span>derly transaction betw<span class=\"_ _0\"></span>een market participants at the measurement dat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or in its absence,<span class=\"_ _2\"></span> the most adv<span class=\"_ _0\"></span>antageous mark<span class=\"_ _c\"></span>et to which the Gr<span class=\"_ _c\"></span>oup has access at that date.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures the f<span class=\"_ _0\"></span>air value of an instrument using the quot<span class=\"_ _c\"></span>ed bid price in an active mark<span class=\"_ _0\"></span>et for that instrument.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A market is r<span class=\"_ _c\"></span>egarded as active if tr<span class=\"_ _c\"></span>ansactions for the asset t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e place with suf<span class=\"_ _0\"></span>ficient frequency and v<span class=\"_ _c\"></span>olume to pr<span class=\"_ _c\"></span>ovide pricing information on an ongoing basis<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue measur<span class=\"_ _0\"></span>ements ar<span class=\"_ _0\"></span>e based on observable and unobservable inputs.<span class=\"_ _2\"></span> Observ<span class=\"_ _0\"></span>able inputs reflect mark<span class=\"_ _c\"></span>et data obt<span class=\"_ _c\"></span>ained from independent sour<span class=\"_ _0\"></span>ces,<span class=\"_ _2\"></span> while unobservable inputs r<span class=\"_ _c\"></span>eflect the Group\u2019<span class=\"_ _2\"></span>s view of mark<span class=\"_ _c\"></span>et assumptions in the absence of obser<span class=\"_ _1\"></span>vable mark<span class=\"_ _c\"></span>et<span class=\"_ gs41\"> </span>information.<span class=\"_ _2\"></span> IFRS 13 r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es cer<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ain disclosur<span class=\"_ _0\"></span>es which r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e the classification of financial assets and financial liabilities measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _c\"></span>alue using a fair value hier<span class=\"_ _c\"></span>arc<span class=\"_ _0\"></span>hy that r<span class=\"_ _c\"></span>eflects the significance of the inputs used in making the fair value measur<span class=\"_ _c\"></span>ement.<span class=\"_ _2d8\"> </span>Disclosur<span class=\"_ _0\"></span>e of fair v<span class=\"_ _c\"></span>alue measurements b<span class=\"_ _0\"></span>y lev<span class=\"_ _0\"></span>el is according t<span class=\"_ _c\"></span>o the following f<span class=\"_ _c\"></span>air value measur<span class=\"_ _0\"></span>ement hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2 ls63\">Le<span class=\"_ _0\"></span>vel 1:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is based on quoted mark<span class=\"_ _c\"></span>et prices (unadjusted) in activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>ets for identical instruments as measur<span class=\"_ _c\"></span>ed on reporting date</span></span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Le<span class=\"_ _0\"></span>vel 2:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough inputs,<span class=\"_ _2\"></span> other than quot<span class=\"_ _0\"></span>ed prices included in Lev<span class=\"_ _0\"></span>el 1 that ar<span class=\"_ _0\"></span>e observable f<span class=\"_ _0\"></span>or the assets and </span></span>liabilities,<span class=\"_ _2\"></span> either dir<span class=\"_ _c\"></span>ectly (prices) or indirectly (deriv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om prices) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Le<span class=\"_ _0\"></span>vel 3:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough valuation t<span class=\"_ _c\"></span>echniques which use significant unobser<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>able inputs<span class=\"_ _2d8\"> </span></span></span>Leve<span class=\"_ _1\"></span>l 1<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These instruments are included in Le<span class=\"_ _0\"></span>vel 1 and comprise only debt securities classified as f<span class=\"_ _c\"></span>air value thr<span class=\"_ _c\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> Leve<span class=\"_ _1\"></span>l 2<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments that ar<span class=\"_ _c\"></span>e not traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et is determined b<span class=\"_ _c\"></span>y using valuation tec<span class=\"_ _0\"></span>hniques.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These valuation tec<span class=\"_ _0\"></span>hniques maximise the use of observable mark<span class=\"_ _0\"></span>et data wher<span class=\"_ _c\"></span>e it is available and r<span class=\"_ _c\"></span>ely as little as possible on entity-specific estimates.<span class=\"_ _2\"></span> If all significant input r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed to f<span class=\"_ _c\"></span>air value an instrument is observable,<span class=\"_ _2\"></span> the instrument is included in Le<span class=\"_ _0\"></span>vel 2.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 2 financial<span class=\"_ gs41\"> </span>instruments.<span class=\"_ _2d8\"> </span>Leve<span class=\"_ _1\"></span>l 3<span class=\"_ _2d8\"> </span>If one or mor<span class=\"_ _0\"></span>e of the significant inputs ar<span class=\"_ _0\"></span>e not based on observable mark<span class=\"_ _0\"></span>et data,<span class=\"_ _b\"></span> the instrument is included in Level 3.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 3 financial instruments.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able summarises the classification of financial instruments:<span class=\"_ _2d8\"> </span><table class=\"s w4e9 h80\" id=\"_fa142d91-8050-42be-baa9-01d6c142666e\"><tr><td></td><td></td><td class=\"c n x75a y26ad w4ea h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y26ad w4eb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y26ad w4ec h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y26ad w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ae w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26af ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y251f w4ed h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x75e y251f w467 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y251f w4ee h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y251f we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y251f w4ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y251f w4f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x75e y24bc w467 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y24bc w4ee h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y24bc we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y24bc w4ef h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y24bc w4f0 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w4f1 h86\" id=\"_0fc3c834-aad8-4be2-9fe3-aa030fc443d8\"><tr><td></td><td class=\"c n x75a y2663 w4ea h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y2663 w4eb h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y2663 w4ec h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y2663 w1f7 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y264e w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26b0 ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4ed h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x762 y24bb w4f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _b3\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></span></div></td><td class=\"c n x763 y24bb wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x764 y26a2 w4f3 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x765 y24bb w4f4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4f5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _237\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x766 y24bc w4f6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x767 y24bc w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x768 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x769 y24bc w4f7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>T<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>nsfe<span class=\"_ _1\"></span>rs b<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ween l<span class=\"_ _1\"></span>evels<span class=\"_ _2d8\"> </span>Ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no tr<span class=\"_ _0\"></span>ansfers betw<span class=\"_ _0\"></span>een lev<span class=\"_ _0\"></span>els during the year (2024:<span class=\"_ _2\"></span> no transf<span class=\"_ _c\"></span>ers).<span class=\"_ _2d8\"> </span>4.<span class=\"_ _1\"></span>3. RECE<span class=\"_ _1\"></span>IV<span class=\"_ _c\"></span>ABLE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies its receiv<span class=\"_ _0\"></span>ables as at amortised cost only if both of the following crit<span class=\"_ _c\"></span>eria are met: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is t<span class=\"_ _0\"></span>o collect the contr<span class=\"_ _0\"></span>actual cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>Receivables ar<span class=\"_ _c\"></span>e initially recognised at f<span class=\"_ _c\"></span>air value and subsequently measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost using the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est method,<span class=\"_ _2\"></span> less pr<span class=\"_ _0\"></span>ovision f<span class=\"_ _c\"></span>or expected cr<span class=\"_ _c\"></span>edit losses.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures loss allow<span class=\"_ _c\"></span>ances at an amount equal to lifetime ECL.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o measure the e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eceivables hav<span class=\"_ _c\"></span>e been gr<span class=\"_ _0\"></span>ouped based on shar<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit risk char<span class=\"_ _0\"></span>acteristics and the da<span class=\"_ _0\"></span>ys past due to cr<span class=\"_ _c\"></span>eate the cat<span class=\"_ _0\"></span>egories,<span class=\"_ _2\"></span> namely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> performing,<span class=\"_ _2\"></span> underperf<span class=\"_ _0\"></span>orming and not performing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The expect<span class=\"_ _c\"></span>ed loss rat<span class=\"_ _c\"></span>es are based on the payment pr<span class=\"_ _c\"></span>ofiles of receiv<span class=\"_ _0\"></span>ables ov<span class=\"_ _c\"></span>er a period of 36 months befor<span class=\"_ _0\"></span>e year end.<span class=\"_ _2\"></span> The loss r<span class=\"_ _c\"></span>ates ar<span class=\"_ _0\"></span>e adjusted t<span class=\"_ _c\"></span>o reflect curr<span class=\"_ _c\"></span>ent and forwar<span class=\"_ _c\"></span>d-looking information on macr<span class=\"_ _c\"></span>o-economic factors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as the socio-economic envir<span class=\"_ _c\"></span>onment aff<span class=\"_ _c\"></span>ecting the ability of the debtors t<span class=\"_ _0\"></span>o settle the receiv<span class=\"_ _c\"></span>ables.<span class=\"_ _2\"></span> Receivables that ar<span class=\"_ _c\"></span>e 30 days or more past due ar<span class=\"_ _c\"></span>e considered t<span class=\"_ _c\"></span>o be <span class=\"_ _2\"></span>\u2018not performing\u2019<span class=\"_ _b\"></span> and the default r<span class=\"_ _0\"></span>ebuttable pr<span class=\"_ _c\"></span>esumption of 90 days prescribed b<span class=\"_ _c\"></span>y IFRS 9 is not applied.<span class=\"_ _2d8\"> </span>PERF<span class=\"_ _0\"></span>ORMIN<span class=\"_ _0\"></span>G<span class=\"_ _2d8\"> </span>Customers ha<span class=\"_ _0\"></span>ve a lo<span class=\"_ _0\"></span>w risk of default and a str<span class=\"_ _c\"></span>ong capacity to meet contr<span class=\"_ _c\"></span>actual cash flows.<span class=\"_ _2d8\"> </span>UNDERPER<span class=\"_ _1\"></span>FORMING<span class=\"_ _2d8\"> </span>Receivables f<span class=\"_ _c\"></span>or which there is a significant incr<span class=\"_ _c\"></span>ease in credit risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A significant increase in cr<span class=\"_ _c\"></span>edit risk is presumed if int<span class=\"_ _c\"></span>erest and/or principal r<span class=\"_ _0\"></span>epayments ar<span class=\"_ _0\"></span>e past due.<span class=\"_ _2d8\"> </span>NOT<span class=\"_ _0\"></span> PERFORM<span class=\"_ _1\"></span>ING<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est and/or principal repa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e 30 days past due.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s receiv<span class=\"_ _c\"></span>ables comprise:<span class=\"_ _2d8\"> </span><table class=\"s w4f8 h8b\" id=\"_c24d2f3b-0ac0-40a0-85af-23a0b7ab02b4\"><tr><td></td><td class=\"c n x1d6 y26a3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26a3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w4f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Other debtors</div></td><td class=\"c n x76a y24bb w4fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _238\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span></div></td><td class=\"c n x76b y24bb w4fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _239\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x76c y24bc w4fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></div></td><td class=\"c n x76d y24bc w4fe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>The estimat<span class=\"_ _0\"></span>ed fair v<span class=\"_ _c\"></span>alues of receiv<span class=\"_ _0\"></span>ables are the discount<span class=\"_ _c\"></span>ed amounts of the estimated futur<span class=\"_ _c\"></span>e cash flows expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _c\"></span>eceived.<span class=\"_ _2d8\"> </span>The carrying value of r<span class=\"_ _c\"></span>eceivables appr<span class=\"_ _0\"></span>oximat<span class=\"_ _c\"></span>es fair value<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The pr<span class=\"_ _c\"></span>ovision for e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed credit losses is based on the r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ability of the individual r<span class=\"_ _0\"></span>eceivables<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup calculated ECL on r<span class=\"_ _0\"></span>eceivables and has concluded that it is wholly immat<span class=\"_ _c\"></span>erial and such fur<span class=\"_ _1\"></span>ther disclosur<span class=\"_ _0\"></span>e has not been included.<span class=\"_ _2d8\"> </span>4<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>. CR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>DI<span class=\"_ _1\"></span>T RI<span class=\"_ _1\"></span>SK<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span>PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span>risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d). <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span>r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span>lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span>APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span>ECL allow<span class=\"_ _0\"></span>ance on day one. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span>ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>Exposure by<span class=\"_ _0\"></span> credit rating<span class=\"_ _2d8\"> </span><table class=\"s w4ff h8e\" id=\"_715d6525-4614-4372-aa67-cdf6fa9cb34e\"><tr><td></td><td></td><td class=\"c n x603 y26b1 w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x604 y26b1 w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x605 y26b1 w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x606 y26b1 w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y26b1 w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y26b1 w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x609 y26b1 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b2 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x60b y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76e y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x76f y26b2 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x770 y26b2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26b2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x772 y26b2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b3 w500 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds</div></td><td></td><td class=\"c n x773 y26b3 w243 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x774 y26b3 w501 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>79<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x775 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x776 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x777 y26b3 we6 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x778 y26b3 w502 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x779 y26b3 w503 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26b4 w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td></td><td class=\"c n x77a y26b4 w504 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _145\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></span></div></td><td class=\"c n x77b y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77c y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x77d y26b4 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77e y26b4 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x77f y26b4 w505 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x780 y26b4 w506 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251d w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x781 y251d w507 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _9b\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,12<span class=\"_ _8\"></span>5</span></div></td><td class=\"c n x782 y26b5 w508 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>21,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x783 y251d w509 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,75<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4e\"> </span></div></td><td></td><td class=\"c n x784 y251d w50a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>,35<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x785 y251d w50b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">0\ue01d</div></td><td class=\"c n x786 y251d we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x787 y251d w2f8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x788 y251d w3e8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25ce w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x620 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x789 y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x78a y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td></td><td class=\"c n x78b y25ce wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x78c y25ce w50c h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x78d y26b6 w50d h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x78e y25ce w50e h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25cf w75 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents</div></td><td class=\"c n x78f y25cf w50f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x790 y26b7 w510 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ee\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x791 y26b7 w511 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls55 ws58\">51<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x792 y25cf w512 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb6 wsbe\">14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>72<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td></td><td></td><td class=\"c n x793 y25cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x794 y25cf we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x795 y25cf w513 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x796 y25cf w514 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w515 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _23b\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x797 y24bc w516 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>9<span class=\"_ _1a\"></span>4</div></td><td class=\"c n x798 y24cd w517 h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _e2\"> </span><span class=\"lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>57<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span></div></td><td class=\"c n x799 y24bc w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x79a y24bc w518 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">8,526<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6b\"> </span></div></td><td class=\"c n x79b y24bc w147 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x79c y24bc w519 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">,3<span class=\"_ _1\"></span>50\ue01d</div></td><td class=\"c n x79d y24bc w50c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x79e y24cd w51a h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _69\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x79f y24bc w2d4 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w51b h8f\" id=\"_ae8878ef-acfb-4876-ac20-2ca1b9d1f350\"><tr><td></td><td></td><td class=\"c n x603 y269e w3f5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">AAA<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x604 y269e w3f6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">AA+ <span class=\"_ _1\"></span>to AA-<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x605 y269e w3f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 wse7\">A+ to A-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x606 y269e w3f8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BBB+ to BBB-<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x607 y269e w3f9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">BB+ and below<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x608 y269e w3fa h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Not rat<span class=\"_ _0\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x609 y269e w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b8 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60a y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x60b y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x76e y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x76f y26b8 w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x770 y26b8 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x771 y26b8 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x772 y26b8 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w500 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">UK gov<span class=\"_ _c\"></span>ernment bonds</div></td><td></td><td class=\"c n x773 y26b9 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a0 y26b9 w49d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a1 y26b9 w334 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e</div></td><td></td><td class=\"c n x7a2 y26b9 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a3 y26b9 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a4 y26b9 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y26b9 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _e4\"> </span></div></td><td class=\"c n x780 y26b9 w49d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a6 y26b9 w277 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td class=\"c n x7a7 y26ba w51c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>98,<span class=\"_ _2\"></span>96<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7a8 y26ba w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">3\ue01e</div></td><td class=\"c n x7a9 y26ba w88 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4,3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>4\ue01e</div></td><td></td><td class=\"c n x7aa y26ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ab y26ba w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ac y26ba wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ad y26ba w51d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _110\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7ae y26ba w51e h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w51f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _2e\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7af y255b w520 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1,12<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x7b0 y255b w521 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7b1 y255b w522 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\">0,0<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _17d\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7b2 y255b w523 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">5<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>0</div></td><td class=\"c n x7b3 y26bb w524 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>67<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></span></div></td><td class=\"c n x7a4 y255b wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y255b wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x7b4 y255b w525 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7b5 y255b w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td class=\"c n x620 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7b6 y255c w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7b7 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7b8 y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x7b9 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ba y255c w526 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _ee\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7bb y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w527 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _48\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7bc y24bb w528 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,14<span class=\"_ _1a\"></span>0</div></td><td></td><td class=\"c n x7bd y26bc w529 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _ac\"> </span><span class=\"lsfd ws113\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></span></div></td><td class=\"c n x7be y24bb w52a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7bf y24bb w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">23\ue01e</div></td><td class=\"c n x7c0 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x624 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7c1 y24bb w52b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c2 y24bb w140 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w52c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _23c\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7c3 y26bd w52d h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _47\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7c4 y24bc w52e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></div></td><td></td><td class=\"c n x7c5 y24bc w52f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>75,393\ue01e<span class=\"_ _124\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c6 y24bc w530 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">16<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x7c7 y26bd w531 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span><span class=\"ls3 ws5f\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7c8 y24bc wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e</div></td><td class=\"c n x7c9 y24bc w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7ca y24bc w532 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">42,530<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>With the exception of r<span class=\"_ _c\"></span>eceivables,<span class=\"_ _2\"></span> all the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s financial assets ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>vestment gr<span class=\"_ _c\"></span>ade (AAA to BBB).<span class=\"_ _2d8\"> </span>Analysis of<span class=\"_ _0\"></span> credit risk<span class=\"_ _0\"></span> and allo<span class=\"_ _0\"></span>wance<span class=\"_ _0\"></span> for ECL<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ovides an o<span class=\"_ _c\"></span>verview of the allow<span class=\"_ _0\"></span>ance for ECL pr<span class=\"_ _c\"></span>ovided f<span class=\"_ _0\"></span>or on the types of financial assets held by the Gr<span class=\"_ _c\"></span>oup where cr<span class=\"_ _c\"></span>edit risk is pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>alent.<span class=\"_ _2\"></span> Gross carrying amount<span class=\"_ _2d8\"> </span>Allow<span class=\"_ _0\"></span>ance for ECL<span class=\"_ _7e\"> </span>Net amount<span class=\"_ _2d8\"> </span>At 31 December 2025<span class=\"_ _22e\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ gs40f\"> </span><span class=\"_ _e9\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _236\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _ad\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs102\"> </span>(3)<span class=\"_ _49\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _23d\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a6\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4)<span class=\"_ _7e\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>713<span class=\"_ gs102\"> </span></span>Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _23e\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"lsc8 wsd1\"><span class=\"_ gs102\"> </span>(38)<span class=\"_ _49\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></span></span></span>Receivables<span class=\"_ _160\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>Cash and cash equivalents<span class=\"_ _22c\"> </span><span class=\"ff2 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>475<span class=\"_ gs102\"> </span><span class=\"_ _7a\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></span>To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _240\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _49\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>51,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _2d8\"> </span></span><table class=\"s w533 h90\" id=\"_c79a3053-2f61-4380-98c3-08cee024ca98\"><tr><td></td><td></td><td class=\"t m0 x5d2 h29 y26be ff2 fs22 fc2 sc0 ls0 ws0\">Gross carrying </td><td></td><td class=\"t m0 x242 h29 y26be ff2 fs22 fc2 sc0 ls0 ws0\">Allow<span class=\"_ _0\"></span>ance </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x269 h29 y26bf ff2 fs22 fc2 sc0 ls0 ws0\">amount<span class=\"_ _2d8\"> </span></td><td></td><td class=\"c n x7cb y26c0 w534 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">for ECL<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cc y26c0 w535 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Net amount<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c1 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71d y26c1 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71e y26c1 w3fb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cd y26c1 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c2 w46c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment bonds</div></td><td class=\"c n x7ce y26c2 w536 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7cf y26c2 w537 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e<span class=\"_ _ad\"> </span><span class=\"ls14 ws18\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d0 y26c2 w3c4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls14 ws18\">(3)<span class=\"_ _4c\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7d1 y26c2 w538 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y26c3 w539 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _25\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d2 y26c4 w53a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _d3\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7d3 y26c3 w53b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _1\"></span>)<span class=\"_ _e2\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7d4 y26c3 w53c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>26<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td><td></td></tr><tr><td class=\"c n x1de y2687 w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td></td><td class=\"c n x7d5 y2687 w53d h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7d6 y2687 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td class=\"c n x7d7 y2687 w53e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsc7 wsd0\"><span class=\"_ gs41\"> </span>(3<span class=\"_ _1\"></span>5)</div></td><td class=\"c n x7d8 y2687 w17a h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7d9 y2687 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w7b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Receivables</div></td><td></td><td></td><td class=\"c n x7da y255c w4fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e</div></td><td class=\"c n x7db y255c w53f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _eb\"> </span></span><span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x7dc y255c wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\">32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w540 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _190\"> </span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x7dd y24bb w541 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7a\"> </span></div></td><td class=\"c n x7de y24bb w369 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _43\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x7df y24bb w469 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td></td><td class=\"c n x7e0 y24bc w542 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>342,53<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7e1 y24bc w543 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _7c\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7e2 y24bc w544 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>)</div></td><td class=\"c n x7e3 y24bc w545 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x7e4 y24bc w546 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">42,<span class=\"_ _1\"></span>48<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>4<span class=\"_ _1\"></span>.5. I<span class=\"_ _1\"></span>NVE<span class=\"_ _1\"></span>ST<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Inv<span class=\"_ _c\"></span>estment income from debt instruments classified as FV<span class=\"_ _c\"></span>OCI are measur<span class=\"_ _c\"></span>ed using the eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e which allocates the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income or inter<span class=\"_ _c\"></span>est expense ov<span class=\"_ _c\"></span>er the expected lif<span class=\"_ _0\"></span>e of the asset or liability at the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that ex<span class=\"_ _0\"></span>actly discounts all estimated futur<span class=\"_ _c\"></span>e cash flows t<span class=\"_ _0\"></span>o equal the instrument\u2019<span class=\"_ _2\"></span>s initial carr<span class=\"_ _1\"></span>ying amount.<span class=\"_ _2\"></span> Calculation of the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate t<span class=\"_ _c\"></span>akes int<span class=\"_ _c\"></span>o account fees payable or r<span class=\"_ _c\"></span>eceivable that ar<span class=\"_ _0\"></span>e an integr<span class=\"_ _c\"></span>al par<span class=\"_ _1\"></span>t of the instrument\u2019<span class=\"_ _2\"></span>s yield,<span class=\"_ _2\"></span> premiums or discounts on acquisition or issue<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> early redemption f<span class=\"_ _c\"></span>ees and transaction costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>All contr<span class=\"_ _0\"></span>actual terms of a financial instrument ar<span class=\"_ _c\"></span>e considered when estimating futur<span class=\"_ _c\"></span>e cash flows.<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est income on financial assets using eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e method<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est income fr<span class=\"_ _0\"></span>om debt securities<span class=\"_ _244\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></span><span class=\"ls1d ws1f\"><span class=\"_ gs41\"> </span>6,458<span class=\"_ gs41\"> </span></span>Inter<span class=\"_ _c\"></span>est income fr<span class=\"_ _0\"></span>om cash and cash equivalents<span class=\"_ _245\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,13<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _246\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span><span class=\"ff4 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _2d8\"> </span></span></span><span class=\"lsed wsff\"><span class=\"ff4 lse0 wsec\"><span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span>4<span class=\"_ _1\"></span>.6. N<span class=\"_ _1\"></span>ET GAIN<span class=\"_ _1\"></span>S/<span class=\"_ _2\"></span>(LOS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ES<span class=\"_ _1\"></span>) FRO<span class=\"_ _1\"></span>M FAIR V<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>LUE AD<span class=\"_ _1\"></span>JU<span class=\"_ _1\"></span>ST<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S ON F<span class=\"_ _1\"></span>INAN<span class=\"_ _1\"></span>CIA<span class=\"_ _1\"></span>L ASS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>TS<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Profit or<span class=\"_ _0\"></span> Loss<span class=\"_ _2d8\"> </span>Realised gains on<span class=\"_ _0\"></span> derecognition of<span class=\"_ _0\"></span> debt securities<span class=\"_ _0\"></span> measured at FV<span class=\"_ _c\"></span>OCI<span class=\"_ _247\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Realised fair<span class=\"_ _0\"></span> value<span class=\"_ _c\"></span> g<span class=\"_ _1\"></span>ains o<span class=\"_ _0\"></span>n debt<span class=\"_ _0\"></span> securities reclassified t<span class=\"_ _0\"></span>o Profit<span class=\"_ _0\"></span> or Loss<span class=\"_ _248\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Other Comprehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _249\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span></span></span>Unr<span class=\"_ _0\"></span>ealised fair v<span class=\"_ _c\"></span>alue gains on debt securities<span class=\"_ _24a\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>5,52<span class=\"_ _1\"></span>2<span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Realised gains on der<span class=\"_ _0\"></span>ecognition of debt securities r<span class=\"_ _0\"></span>eclassified to Pr<span class=\"_ _c\"></span>ofit or Loss<span class=\"_ _f3\"> </span><span class=\"ff2 ls63 wsa5\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(7)<span class=\"_ _122\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Expected cr<span class=\"_ _c\"></span>e<span class=\"_ _1\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _24b\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>5<span class=\"_ gs41\"> </span></span></span>Unrealised f<span class=\"_ _c\"></span>air value gains on debt securities through Other Compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _24c\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>518<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Net g<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>ns fr<span class=\"_ _1\"></span>om fa<span class=\"_ _1\"></span>ir val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s on fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s<span class=\"_ _1cd\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>5,525<span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _2d8\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-357": {
   "value": "4<span class=\"_ _1\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>. CASH AN<span class=\"_ _1\"></span>D CASH EQ<span class=\"_ _1\"></span>UI<span class=\"_ _1\"></span>V<span class=\"_ _c\"></span>ALE<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 C<span class=\"_ _0\"></span>AS<span class=\"_ _1\"></span>H AND CAS<span class=\"_ _1\"></span>H EQ<span class=\"_ _1\"></span>UIV<span class=\"_ _0\"></span>ALE<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>Cash and cash equivalents include cash on hand,<span class=\"_ _b\"></span> deposits held on call with banks and money market funds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Cash and cash equivalents ar<span class=\"_ _0\"></span>e carried at amortised cost.<span class=\"_ _2d8\"> </span><table class=\"s w460 h86\" id=\"_e2c3b325-0b58-4bd8-ac13-6e6e12dc64fb\"><tr><td></td><td class=\"c n x1d6 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x1d7 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x6b5 y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w461 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Cash at bank and on hand</div></td><td class=\"c n x6b6 y255c w462 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _224\"> </span><span class=\"ff2 lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11b\"> </span></span></div></td><td></td><td class=\"c n x6b7 y255c w463 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>8,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x374 y255c w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w464 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Money mark<span class=\"_ _c\"></span>et funds</div></td><td class=\"c n x6b8 y2599 w465 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _225\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,6<span class=\"_ _8\"></span>52<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td></td><td class=\"c n x6b9 y24bb w466 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">13<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x6ba y24bc w467 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6bb y2522 w468 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsf1 ws102\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>475<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span><span class=\"ff4 lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6bc y24bc w469 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf0 ws103\">31,<span class=\"_ _1\"></span>314<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Cash held in money mark<span class=\"_ _c\"></span>et funds has no notice period for withdr<span class=\"_ _0\"></span>awal.<span class=\"_ _2\"></span> The carrying value of cash and cash equiv<span class=\"_ _0\"></span>alents appr<span class=\"_ _0\"></span>oximat<span class=\"_ _c\"></span>es fair value<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The full v<span class=\"_ _0\"></span>alue is expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _c\"></span>ealised within 12 months.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-367": {
   "value": "ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 C<span class=\"_ _0\"></span>AS<span class=\"_ _1\"></span>H AND CAS<span class=\"_ _1\"></span>H EQ<span class=\"_ _1\"></span>UIV<span class=\"_ _0\"></span>ALE<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>Cash and cash equivalents include cash on hand,<span class=\"_ _b\"></span> deposits held on call with banks and money market funds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Cash and cash equivalents ar<span class=\"_ _0\"></span>e carried at amortised cost.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-361": {
   "value": "4<span class=\"_ _1\"></span>.2<span class=\"_ _1\"></span>. DE<span class=\"_ _1\"></span>BT S<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>CUR<span class=\"_ _1\"></span>ITI<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S HE<span class=\"_ _1\"></span>LD AT F<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>IR V<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>LUE TH<span class=\"_ _1\"></span>RO<span class=\"_ _1\"></span>UG<span class=\"_ _1\"></span>H OTHE<span class=\"_ _1\"></span>R CO<span class=\"_ _1\"></span>MP<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>H<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>IVE IN<span class=\"_ _1\"></span>COM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL AS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ET<span class=\"_ _1\"></span>S A<span class=\"_ _0\"></span>T F<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>R V<span class=\"_ _c\"></span>ALU<span class=\"_ _1\"></span>E TH<span class=\"_ _1\"></span>ROU<span class=\"_ _1\"></span>GH OTH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>R COM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>SIV<span class=\"_ _1\"></span>E INC<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies the following financial assets at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Debt securities<span class=\"_ _2d8\"> </span>A debt instrument is measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI only if it meets both of the follo<span class=\"_ _c\"></span>wing conditions and is not designated at fair v<span class=\"_ _c\"></span>alue through the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account (\u201cFVTPL<span class=\"_ _c\"></span>\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _c\"></span>ed by both collecting contr<span class=\"_ _0\"></span>actual cash flows and selling financial<span class=\"_ gs41\"> </span>assets <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms of the financial asset giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) on the principal amount outstanding on specified dat<span class=\"_ _c\"></span>es<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>At initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es debt securities thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income at f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> plus the tr<span class=\"_ _0\"></span>ansaction costs that ar<span class=\"_ _0\"></span>e dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o the acquisition of the financial asset.<span class=\"_ _2\"></span> Debt securities at FVOCI ar<span class=\"_ _c\"></span>e subsequently measured at f<span class=\"_ _c\"></span>air value.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses debt securities at FVOCI f<span class=\"_ _c\"></span>or impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _c\"></span>\u2018thr<span class=\"_ _0\"></span>ee-st<span class=\"_ _0\"></span>age\u2019<span class=\"_ _2\"></span> model for calculating the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in cr<span class=\"_ _0\"></span>edit quality since initial r<span class=\"_ _0\"></span>ecognition.<span class=\"_ _2\"></span> Refer t<span class=\"_ _c\"></span>o Note 4.4.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s debt securities held at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income ar<span class=\"_ _c\"></span>e summarised below:<span class=\"_ _2d8\"> </span><table class=\"s w46a h87\" id=\"_34cd15e5-8083-4c09-9997-de65342f582a\"><tr><td></td><td class=\"c n x6bd y2688 w27f h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x6be y2688 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y2686 w280 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c0 y2686 w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c1 y2686 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c2 y2686 w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w46c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c3 y255b w252 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c4 y255b w46d h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls84 ws83\">38<span class=\"_ _1\"></span>.3%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c5 y255b w46e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c6 y255b w46f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">36.2%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w470 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c7 y255c w471 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c8 y255c w472 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6c9 y255c w325 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">10<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ca y255c w473 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\">3<span class=\"_ _1\"></span>3.2%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w474 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cb y24bb w85 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cc y24bb w475 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd4 wsdc\">30.8%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cd y24bb w476 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">95,<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>24<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6ce y24bb w453 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsaa wsb1\">3<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6cf y24bc w477 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">3<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d0 y24bc w478 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d1 y24bc w45b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d2 y24bc w479 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">100.0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table>4.2.<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>. Inv<span class=\"_ _c\"></span>es<span class=\"_ _1\"></span>tment<span class=\"_ _0\"></span> concentration<span class=\"_ _0\"></span> risk<span class=\"_ _2d8\"> </span>Excessive e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to particular industry sectors or gr<span class=\"_ _c\"></span>oups can give rise to concentr<span class=\"_ _c\"></span>ation risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup has no significant investment concentr<span class=\"_ _0\"></span>ation in an<span class=\"_ _0\"></span>y par<span class=\"_ _1\"></span>ticular industrial sect<span class=\"_ _0\"></span>or and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e is unlikely t<span class=\"_ _c\"></span>o suff<span class=\"_ _0\"></span>er significant losses thr<span class=\"_ _0\"></span>ough its inv<span class=\"_ _0\"></span>estment portfolio as a r<span class=\"_ _0\"></span>esult of ov<span class=\"_ _c\"></span>er-e<span class=\"_ _0\"></span>xposure t<span class=\"_ _c\"></span>o sectors engaged in similar activities or which hav<span class=\"_ _c\"></span>e similar economic featur<span class=\"_ _0\"></span>es that would cause their ability t<span class=\"_ _0\"></span>o meet contr<span class=\"_ _0\"></span>actual obligations to be similarly af<span class=\"_ _c\"></span>fect<span class=\"_ _0\"></span>ed by changes in economic<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> political or other conditions.<span class=\"_ _2d8\"> </span>A significant part of the Group\u2019<span class=\"_ _2\"></span>s inv<span class=\"_ _c\"></span>estment por<span class=\"_ _1\"></span>tfolio consists primarily of UK go<span class=\"_ _0\"></span>vernment bonds and go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed bonds;<span class=\"_ _c\"></span> ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the risk of gov<span class=\"_ _c\"></span>ernment default does exist,<span class=\"_ _2\"></span> how<span class=\"_ _c\"></span>ever<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> the likelihood is extr<span class=\"_ _c\"></span>emely remot<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The r<span class=\"_ _0\"></span>emainder of the portfolio consists of inv<span class=\"_ _c\"></span>estment gr<span class=\"_ _0\"></span>ade corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group contin<span class=\"_ _0\"></span>ues to monit<span class=\"_ _c\"></span>or the strength and security of all bonds<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The Gr<span class=\"_ _c\"></span>oup does not have dir<span class=\"_ _0\"></span>ect exposur<span class=\"_ _c\"></span>e to Ukr<span class=\"_ _0\"></span>ainian and Russian assets.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s exposur<span class=\"_ _0\"></span>e by geogr<span class=\"_ _c\"></span>aphical area is outlined belo<span class=\"_ _0\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w47a h88\" id=\"_db501ebe-45f0-4a4c-90fe-f37fefe0e388\"><tr><td></td><td></td><td></td><td class=\"t m0 x6d3 h29 y2689 ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment-<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x5ce h29 y268a ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment </td><td></td><td class=\"t m0 x6d4 h29 y268b ff2 fs22 fc2 sc0 ls0 ws0\">back<span class=\"_ _0\"></span>ed </td><td class=\"t m0 x642 h29 y268b ff2 fs22 fc2 sc0 ls0 ws0\">Corporat<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6d5 h29 y268c ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x6d6 h29 y268d ff2 fs22 fc2 sc0 ls0 ws0\">securities<span class=\"_ _2d8\"> </span></td><td class=\"c n x6d7 y268e w198 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d8 y268e w37d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y268f w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x5d9 y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y268f w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6d9 y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6da y268f w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6db y268f w46b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2690 w47b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">United Kingdom</div></td><td class=\"c n x6dc y2691 w47c h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _ef\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td class=\"c n x6dd y2691 w47d h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _70\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6de y2691 w47e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _1a\"> </span>5<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _4c\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x6df y2690 w47f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">1<span class=\"_ _1\"></span>5<span class=\"_ _1a\"> </span>3<span class=\"_ _1a\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span></div></td><td></td><td class=\"c n x6e0 y2690 w480 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf8 ws10e\">4<span class=\"_ _8\"></span>7.1<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2692 w164 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Eur<span class=\"_ _0\"></span>ope</div></td><td class=\"c n x6e1 y2692 w481 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6e2 y2693 w482 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsa7 wsab\">61,<span class=\"_ _1\"></span>74<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e3 y2692 w483 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">4<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>,3<span class=\"_ _1\"></span>71\ue01d<span class=\"_ _4c\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e4 y2692 w484 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">1<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>6<span class=\"_ _1a\"> </span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></div></td><td></td><td class=\"c n x6e5 y2692 w485 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">32<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2694 w486 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 wsb0\">Northern America</div></td><td class=\"c n x6e6 y2694 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6e7 y2694 w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>25<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6e8 y2694 w487 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">,26<span class=\"_ _1\"></span>5\ue01d<span class=\"_ _70\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6e9 y2694 w488 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">2<span class=\"_ _8\"></span>3<span class=\"_ _1a\"> </span>,<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _6d\"> </span></div></td><td class=\"c n x6ea y2694 w489 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>4<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6eb y2694 w48a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>377<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x6ec y2694 w48b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb6 wsbe\">14<span class=\"_ _8\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2695 w48c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oceania</div></td><td class=\"c n x6e6 y2695 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x6ed y2695 w48d h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6ee y2696 w48e h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>018<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span><span class=\"_ gs102\"> </span></div></td><td></td><td class=\"c n x6ef y2695 w48f h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>018<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _144\"> </span></div></td><td class=\"c n x6f0 y2695 w490 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls96 ws9a\">1.<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2697 w491 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Asia</div></td><td class=\"c n x6f1 y2697 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x6f2 y2697 w492 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6f3 y2698 w493 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6f4 y2698 w494 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lse1 wsed\">2<span class=\"_ _8\"></span>,12<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6f5 y2697 w2dd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>31<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _144\"> </span></div></td><td class=\"c n x6f6 y2697 w495 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls55 ws58\">3<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w496 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _f2\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x6f7 y2522 w497 h89\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsa0 wsa2\">12<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a\"> </span><span class=\"lsdf wsea\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6f8 y24bc w498 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,717\ue01d<span class=\"_ _85\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x6f9 y24bc w499 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7\ue01d<span class=\"_ _69\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x6fa y24bc w49a h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _47\"> </span></div></td><td class=\"c n x6fb y24bc w49b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w49c h8a\" id=\"_3426fefe-6da9-4720-93f1-e9409597b853\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x6d3 h29 y2699 ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment-<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5ce h29 y269a ff2 fs22 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _0\"></span>ernment </td><td></td><td class=\"t m0 x6d4 h29 y269b ff2 fs22 fc2 sc0 ls0 ws0\">back<span class=\"_ _0\"></span>ed </td><td></td><td class=\"t m0 x642 h29 y269b ff2 fs22 fc2 sc0 ls0 ws0\">Corporat<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x6d5 h29 y269c ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></td><td></td><td class=\"t m0 x6d6 h29 y269d ff2 fs22 fc2 sc0 ls0 ws0\">securities<span class=\"_ _2d8\"> </span></td><td></td><td class=\"c n x6d7 y269e w198 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">bonds<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6d8 y269e w37d h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1de y269f w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5d9 y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x5da y269f w280 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6d9 y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6da y269f w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6db y269f w46b h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">% holdings<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2559 w47b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">United Kingdom</div></td><td class=\"c n x6fc y2559 w49d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,7<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6fd y2559 w49e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">93\ue01e<span class=\"_ _8b\"> </span><span class=\"ls5 ws7\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6fe y2559 w49f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\">3,03<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _7f\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x69d y26a0 w4a0 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,18<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _73\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x6ff y2559 w4a1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _8a\"> </span></div></td><td></td><td class=\"c n x700 y2559 we2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf9 ws10f\">4<span class=\"_ _8\"></span>7.<span class=\"_ _1a\"> </span>2<span class=\"_ _1a\"> </span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255a w164 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Eur<span class=\"_ _0\"></span>ope</div></td><td></td><td class=\"c n x6e1 y255a w4a2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x701 y255a w4a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">59,277\ue01e</div></td><td></td><td class=\"c n x702 y255a w4a4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ _124\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"> </span>0<span class=\"_ _1a\"> </span>2<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span></span></div></td><td></td><td class=\"c n x703 y255a w4a5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x704 y255a w4a6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls3a ws39\">6,<span class=\"_ _1\"></span>279\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x441 y255a w4a7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd2 wsdf\">3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w486 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 wsb0\">Northern America</div></td><td></td><td class=\"c n x6e6 y255b wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x705 y255b w4a8 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>25,<span class=\"_ _0\"></span>7<span class=\"_ _c\"></span>6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x3fa y255b w4a9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e<span class=\"_ _124\"> </span><span class=\"lsa1 wsa3\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x706 y255b w4aa h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsa1 wsa3\">19,<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span></div></td><td></td><td></td><td class=\"c n x707 y255b w18 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>45,624\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x708 y255b w4ab h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls92 ws96\">14<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w48c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Oceania</div></td><td></td><td class=\"c n x6e6 y255c wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x709 y255c w4ac h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x70a y26a1 w4ad h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a8\"> </span><span class=\"_ gs41\"> </span></div></td><td></td><td></td><td class=\"c n x70b y255c w451 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _1\"></span>,9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _62\"> </span></div></td><td class=\"c n x70c y255c w4ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsfa ws110\">1.<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w491 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Asia</div></td><td></td><td class=\"c n x6f1 y24bb w405 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td></td><td class=\"c n x70d y24bb w4af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x70e y24bb w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e</div></td><td class=\"c n x70f y24bb w4b0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>2,0<span class=\"_ _1\"></span>99</div></td><td></td><td></td><td class=\"c n x710 y26a2 w4b1 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span><span class=\"_ _10c\"> </span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>17,<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _3\"> </span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _62\"> </span></span></div></td><td class=\"c n x711 y24bb w4b2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsaa wsb1\">5<span class=\"_ _1\"></span>.6%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x712 y24bc w4b3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x713 y24bc w2a3 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\">2,793\ue01e</div></td><td class=\"c n x714 y24bc w4b4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\"><span class=\"_ gs41\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x715 y24bc w4b5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4b ws4e\">3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span></div></td><td></td><td class=\"c n x716 y24bc w2ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x717 y24bc w2af h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e</div></td><td></td><td class=\"c n x718 y24bc w4b6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _4e\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span></span></div></td><td class=\"c n x719 y24bc w479 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">100.0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s exposur<span class=\"_ _0\"></span>e by in<span class=\"_ _c\"></span>vestment type for go<span class=\"_ _c\"></span>vernment-back<span class=\"_ _0\"></span>ed securities and corpor<span class=\"_ _0\"></span>ate bonds is outlined belo<span class=\"_ _c\"></span>w:<span class=\"_ _2d8\"> </span><table class=\"s w4b7 h8b\" id=\"_c563fb14-7eba-498b-a97f-d73f9d97ed3d\"><tr><td></td><td></td><td class=\"c n x71a y26a3 w4b8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Agency<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71b y26a3 w4b9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Supranational<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71c y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71f y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w470 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities</div></td><td class=\"c n x720 y24bb w4ba h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs102\"> </span>38<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x721 y24bb w4bb h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls84 ws83\">,0<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _73\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x722 y24bb w4bc h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls62 ws64\">62<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x723 y24bb w4bd h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x724 y24bb w4be h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>71<span class=\"_ _c\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4bf h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _230\"> </span><span class=\"ff2 lsf8 ws10e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x725 y24bc w4c0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsf8 ws10e\">3<span class=\"_ _1\"></span>7.<span class=\"_ _1a\"></span>8<span class=\"_ _8\"></span>%<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></div></td><td class=\"c n x726 y24bc w4c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2%\ue01d</div></td><td></td><td class=\"c n x727 y24bc w4c2 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w4c3 h8b\" id=\"_991781a4-ee5a-4b98-b4d2-eab8a731b796\"><tr><td></td><td></td><td class=\"c n x3ba y26a3 w4c4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Financial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x728 y26a3 w4c5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Industrial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x729 y26a3 w4c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Utilities<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72a y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72c y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w474 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds</div></td><td class=\"c n x72f y24bb w4c7 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>5<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x730 y24bb w4c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5b ws5c\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span></div></td><td class=\"c n x731 y24bb w147 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x732 y24bb w4c9 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\">,23<span class=\"_ _1\"></span>5\ue01d</div></td><td class=\"c n x733 y24bb w4ca h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x734 y26a5 w4cb h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsdf wsea\">37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x735 y24bb w4cc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x736 y24bc w4ce h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">5<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>6%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x737 y24bc w4cf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsad ws57\">34<span class=\"_ _1\"></span>.2%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x738 y24bc w387 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x739 y24bc w4d0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsdf wsea\">10<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w4d1 h8b\" id=\"_db5c2672-4277-4f2f-944a-28c667c4b120\"><tr><td></td><td class=\"c n x71a y26a3 w4b8 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Agency<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71b y26a3 w4b9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Supranational<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71c y26a3 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a4 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71d y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x71e y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x71f y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w4d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gov<span class=\"_ _c\"></span>ernment-backed securities<span class=\"_ _233\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x73a y24bb w4d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">4<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x73b y24bb w4d4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>59<span class=\"_ _c\"></span>,3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x73c y24bb w4d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">46\ue01e<span class=\"_ _4c\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x73d y24bb w4d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4b ws4e\">1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>67<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x73e y24bc w4d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">42<span class=\"_ _1\"></span>.5%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x73f y24bc we2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf9 ws10f\">5<span class=\"_ _1a\"></span>7.<span class=\"_ _8\"></span>5<span class=\"_ _1a\"> </span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x740 y24bc w4d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls18 ws1b\">1<span class=\"_ _c\"></span>0<span class=\"_ _8\"></span>0.0%<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w4d9 h8c\" id=\"_526b2e5c-634c-4249-af68-dc702772d3ac\"><tr><td></td><td class=\"c n x3ba y26a6 w4c4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Financial<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x728 y26a6 w4c5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Industrial<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x729 y26a6 w4c6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Utilities<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72a y26a6 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a7 w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y26a7 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72c y26a7 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26a7 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72e y26a7 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a8 w4da h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Corpor<span class=\"_ _0\"></span>ate bonds<span class=\"_ _234\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x741 y26a8 w4db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">5<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span></div></td><td class=\"c n x742 y26a8 w387 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>38,87<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x743 y26a8 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">3\ue01e</div></td><td class=\"c n x744 y26a8 w9b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4,5<span class=\"_ _1\"></span>53\ue01e</div></td><td class=\"c n x745 y26a8 w2ae h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>95,<span class=\"_ _c\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x746 y26a8 w2af h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">24\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4cd h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">% of holdings<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x747 y24bc w4dc h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsdd wseb\">5<span class=\"_ _1\"></span>4.<span class=\"_ _1\"></span>3%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x748 y24bc w4dd h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsd2 wsdf\">4<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x749 y24bc w4de h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\">4.8%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x74a y24bc w4df h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls18 ws1b\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0.0%<span class=\"_ _2d8\"> </span></div></td></tr></table>4.<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2. I<span class=\"_ _1\"></span>ntere<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk is the risk that the v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash flows of a financial instrument will fluctuat<span class=\"_ _c\"></span>e because of changes in market int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.<span class=\"_ _2\"></span> Floating r<span class=\"_ _0\"></span>ate instruments e<span class=\"_ _0\"></span>xpose the Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>o cash flow int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est risk,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eas fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments expose the Gr<span class=\"_ _c\"></span>oup to f<span class=\"_ _0\"></span>air value inter<span class=\"_ _c\"></span>est risk.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s inter<span class=\"_ _c\"></span>est risk policy requir<span class=\"_ _c\"></span>es it to manage the maturities of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est-bearing financial assets and inter<span class=\"_ _c\"></span>est-bearing financial liabilities.<span class=\"_ _2\"></span> Inter<span class=\"_ _c\"></span>est on fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments is priced at inception of the financial instrument and is fixed until maturity<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has a concentration of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate risk in UK go<span class=\"_ _c\"></span>vernment bonds and other fixed-income securities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The analysis that f<span class=\"_ _0\"></span>ollows is perf<span class=\"_ _0\"></span>ormed for r<span class=\"_ _c\"></span>easonably possible mov<span class=\"_ _0\"></span>ements in ke<span class=\"_ _c\"></span>y variables with all other variables held const<span class=\"_ _c\"></span>ant,<span class=\"_ _2\"></span> showing the impact on pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _c\"></span>e tax and equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The corr<span class=\"_ _0\"></span>elation of variables will ha<span class=\"_ _0\"></span>ve a significant ef<span class=\"_ _c\"></span>fect in det<span class=\"_ _0\"></span>ermining the ultimate impact on int<span class=\"_ _c\"></span>erest r<span class=\"_ _0\"></span>ate risk,<span class=\"_ _b\"></span> but to demonstr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the impact due to changes in v<span class=\"_ _c\"></span>ariables,<span class=\"_ _2\"></span> variables had t<span class=\"_ _0\"></span>o be changed on an individual basis.<span class=\"_ _2\"></span> It should be not<span class=\"_ _c\"></span>ed that mov<span class=\"_ _c\"></span>ements in these variables ar<span class=\"_ _0\"></span>e non-linear<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>The impact of an<span class=\"_ _0\"></span>y mov<span class=\"_ _c\"></span>ement in market v<span class=\"_ _0\"></span>alues,<span class=\"_ _2\"></span> such as those caused by c<span class=\"_ _0\"></span>hanges in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> is tak<span class=\"_ _c\"></span>en through Other Compr<span class=\"_ _c\"></span>ehensive Income and has no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _c\"></span>ax.<span class=\"_ _2d8\"> </span><table class=\"s w4e0 h8d\" id=\"_2882775b-4569-401f-b9d9-130f218fdade\"><tr><td></td><td></td><td class=\"c n x74b y26a9 w4e1 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74c y26a9 w4e2 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in t<span class=\"_ _0\"></span>otal equity<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x74d y26aa w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74e y26aa w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74f y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x750 y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ab w4e3 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x751 y26ab w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x752 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x753 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x754 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26ac ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 100-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bb w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bb w4e5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>378)</span></div></td><td class=\"c n x758 y24bb w4e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(3,250)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 200-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bc w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bc w4e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x759 y24bc w4e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>6,<span class=\"_ _1\"></span>499)<span class=\"_ _2d8\"> </span></div></td></tr></table>4.2.3. Fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue is the price that would be r<span class=\"_ _c\"></span>eceived t<span class=\"_ _0\"></span>o sell an asset or paid to tr<span class=\"_ _c\"></span>ansfer a liability in an or<span class=\"_ _c\"></span>derly transaction betw<span class=\"_ _0\"></span>een market participants at the measurement dat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or in its absence,<span class=\"_ _2\"></span> the most adv<span class=\"_ _0\"></span>antageous mark<span class=\"_ _c\"></span>et to which the Gr<span class=\"_ _c\"></span>oup has access at that date.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures the f<span class=\"_ _0\"></span>air value of an instrument using the quot<span class=\"_ _c\"></span>ed bid price in an active mark<span class=\"_ _0\"></span>et for that instrument.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A market is r<span class=\"_ _c\"></span>egarded as active if tr<span class=\"_ _c\"></span>ansactions for the asset t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e place with suf<span class=\"_ _0\"></span>ficient frequency and v<span class=\"_ _c\"></span>olume to pr<span class=\"_ _c\"></span>ovide pricing information on an ongoing basis<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue measur<span class=\"_ _0\"></span>ements ar<span class=\"_ _0\"></span>e based on observable and unobservable inputs.<span class=\"_ _2\"></span> Observ<span class=\"_ _0\"></span>able inputs reflect mark<span class=\"_ _c\"></span>et data obt<span class=\"_ _c\"></span>ained from independent sour<span class=\"_ _0\"></span>ces,<span class=\"_ _2\"></span> while unobservable inputs r<span class=\"_ _c\"></span>eflect the Group\u2019<span class=\"_ _2\"></span>s view of mark<span class=\"_ _c\"></span>et assumptions in the absence of obser<span class=\"_ _1\"></span>vable mark<span class=\"_ _c\"></span>et<span class=\"_ gs41\"> </span>information.<span class=\"_ _2\"></span> IFRS 13 r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es cer<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ain disclosur<span class=\"_ _0\"></span>es which r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e the classification of financial assets and financial liabilities measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _c\"></span>alue using a fair value hier<span class=\"_ _c\"></span>arc<span class=\"_ _0\"></span>hy that r<span class=\"_ _c\"></span>eflects the significance of the inputs used in making the fair value measur<span class=\"_ _c\"></span>ement.<span class=\"_ _2d8\"> </span>Disclosur<span class=\"_ _0\"></span>e of fair v<span class=\"_ _c\"></span>alue measurements b<span class=\"_ _0\"></span>y lev<span class=\"_ _0\"></span>el is according t<span class=\"_ _c\"></span>o the following f<span class=\"_ _c\"></span>air value measur<span class=\"_ _0\"></span>ement hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2 ls63\">Le<span class=\"_ _0\"></span>vel 1:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is based on quoted mark<span class=\"_ _c\"></span>et prices (unadjusted) in activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>ets for identical instruments as measur<span class=\"_ _c\"></span>ed on reporting date</span></span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Le<span class=\"_ _0\"></span>vel 2:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough inputs,<span class=\"_ _2\"></span> other than quot<span class=\"_ _0\"></span>ed prices included in Lev<span class=\"_ _0\"></span>el 1 that ar<span class=\"_ _0\"></span>e observable f<span class=\"_ _0\"></span>or the assets and </span></span>liabilities,<span class=\"_ _2\"></span> either dir<span class=\"_ _c\"></span>ectly (prices) or indirectly (deriv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om prices) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Le<span class=\"_ _0\"></span>vel 3:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough valuation t<span class=\"_ _c\"></span>echniques which use significant unobser<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>able inputs<span class=\"_ _2d8\"> </span></span></span>Leve<span class=\"_ _1\"></span>l 1<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These instruments are included in Le<span class=\"_ _0\"></span>vel 1 and comprise only debt securities classified as f<span class=\"_ _c\"></span>air value thr<span class=\"_ _c\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> Leve<span class=\"_ _1\"></span>l 2<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments that ar<span class=\"_ _c\"></span>e not traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et is determined b<span class=\"_ _c\"></span>y using valuation tec<span class=\"_ _0\"></span>hniques.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These valuation tec<span class=\"_ _0\"></span>hniques maximise the use of observable mark<span class=\"_ _0\"></span>et data wher<span class=\"_ _c\"></span>e it is available and r<span class=\"_ _c\"></span>ely as little as possible on entity-specific estimates.<span class=\"_ _2\"></span> If all significant input r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed to f<span class=\"_ _c\"></span>air value an instrument is observable,<span class=\"_ _2\"></span> the instrument is included in Le<span class=\"_ _0\"></span>vel 2.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 2 financial<span class=\"_ gs41\"> </span>instruments.<span class=\"_ _2d8\"> </span>Leve<span class=\"_ _1\"></span>l 3<span class=\"_ _2d8\"> </span>If one or mor<span class=\"_ _0\"></span>e of the significant inputs ar<span class=\"_ _0\"></span>e not based on observable mark<span class=\"_ _0\"></span>et data,<span class=\"_ _b\"></span> the instrument is included in Level 3.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 3 financial instruments.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able summarises the classification of financial instruments:<span class=\"_ _2d8\"> </span><table class=\"s w4e9 h80\" id=\"_fa142d91-8050-42be-baa9-01d6c142666e\"><tr><td></td><td></td><td class=\"c n x75a y26ad w4ea h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y26ad w4eb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y26ad w4ec h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y26ad w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ae w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26af ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y251f w4ed h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x75e y251f w467 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y251f w4ee h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y251f we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y251f w4ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y251f w4f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x75e y24bc w467 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y24bc w4ee h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y24bc we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y24bc w4ef h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y24bc w4f0 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w4f1 h86\" id=\"_0fc3c834-aad8-4be2-9fe3-aa030fc443d8\"><tr><td></td><td class=\"c n x75a y2663 w4ea h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y2663 w4eb h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y2663 w4ec h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y2663 w1f7 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y264e w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26b0 ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4ed h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x762 y24bb w4f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _b3\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></span></div></td><td class=\"c n x763 y24bb wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x764 y26a2 w4f3 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x765 y24bb w4f4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4f5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _237\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x766 y24bc w4f6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x767 y24bc w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x768 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x769 y24bc w4f7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>T<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>nsfe<span class=\"_ _1\"></span>rs b<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ween l<span class=\"_ _1\"></span>evels<span class=\"_ _2d8\"> </span>Ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no tr<span class=\"_ _0\"></span>ansfers betw<span class=\"_ _0\"></span>een lev<span class=\"_ _0\"></span>els during the year (2024:<span class=\"_ _2\"></span> no transf<span class=\"_ _c\"></span>ers).<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-377": {
   "value": "ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL AS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ET<span class=\"_ _1\"></span>S A<span class=\"_ _0\"></span>T F<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>R V<span class=\"_ _c\"></span>ALU<span class=\"_ _1\"></span>E TH<span class=\"_ _1\"></span>ROU<span class=\"_ _1\"></span>GH OTH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>R COM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>SIV<span class=\"_ _1\"></span>E INC<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies the following financial assets at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Debt securities<span class=\"_ _2d8\"> </span>A debt instrument is measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI only if it meets both of the follo<span class=\"_ _c\"></span>wing conditions and is not designated at fair v<span class=\"_ _c\"></span>alue through the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account (\u201cFVTPL<span class=\"_ _c\"></span>\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _c\"></span>ed by both collecting contr<span class=\"_ _0\"></span>actual cash flows and selling financial<span class=\"_ gs41\"> </span>assets <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms of the financial asset giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) on the principal amount outstanding on specified dat<span class=\"_ _c\"></span>es<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>At initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es debt securities thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income at f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> plus the tr<span class=\"_ _0\"></span>ansaction costs that ar<span class=\"_ _0\"></span>e dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o the acquisition of the financial asset.<span class=\"_ _2\"></span> Debt securities at FVOCI ar<span class=\"_ _c\"></span>e subsequently measured at f<span class=\"_ _c\"></span>air value.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses debt securities at FVOCI f<span class=\"_ _c\"></span>or impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _c\"></span>\u2018thr<span class=\"_ _0\"></span>ee-st<span class=\"_ _0\"></span>age\u2019<span class=\"_ _2\"></span> model for calculating the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in cr<span class=\"_ _0\"></span>edit quality since initial r<span class=\"_ _0\"></span>ecognition.<span class=\"_ _2\"></span> Refer t<span class=\"_ _c\"></span>o Note 4.4.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue is the price that would be r<span class=\"_ _c\"></span>eceived t<span class=\"_ _0\"></span>o sell an asset or paid to tr<span class=\"_ _c\"></span>ansfer a liability in an or<span class=\"_ _c\"></span>derly transaction betw<span class=\"_ _0\"></span>een market participants at the measurement dat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or in its absence,<span class=\"_ _2\"></span> the most adv<span class=\"_ _0\"></span>antageous mark<span class=\"_ _c\"></span>et to which the Gr<span class=\"_ _c\"></span>oup has access at that date.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures the f<span class=\"_ _0\"></span>air value of an instrument using the quot<span class=\"_ _c\"></span>ed bid price in an active mark<span class=\"_ _0\"></span>et for that instrument.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A market is r<span class=\"_ _c\"></span>egarded as active if tr<span class=\"_ _c\"></span>ansactions for the asset t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e place with suf<span class=\"_ _0\"></span>ficient frequency and v<span class=\"_ _c\"></span>olume to pr<span class=\"_ _c\"></span>ovide pricing information on an ongoing basis<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies its receiv<span class=\"_ _0\"></span>ables as at amortised cost only if both of the following crit<span class=\"_ _c\"></span>eria are met: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is t<span class=\"_ _0\"></span>o collect the contr<span class=\"_ _0\"></span>actual cash flows <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>Receivables ar<span class=\"_ _c\"></span>e initially recognised at f<span class=\"_ _c\"></span>air value and subsequently measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost using the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est method,<span class=\"_ _2\"></span> less pr<span class=\"_ _0\"></span>ovision f<span class=\"_ _c\"></span>or expected cr<span class=\"_ _c\"></span>edit losses.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures loss allow<span class=\"_ _c\"></span>ances at an amount equal to lifetime ECL.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o measure the e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eceivables hav<span class=\"_ _c\"></span>e been gr<span class=\"_ _0\"></span>ouped based on shar<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit risk char<span class=\"_ _0\"></span>acteristics and the da<span class=\"_ _0\"></span>ys past due to cr<span class=\"_ _c\"></span>eate the cat<span class=\"_ _0\"></span>egories,<span class=\"_ _2\"></span> namely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> performing,<span class=\"_ _2\"></span> underperf<span class=\"_ _0\"></span>orming and not performing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The expect<span class=\"_ _c\"></span>ed loss rat<span class=\"_ _c\"></span>es are based on the payment pr<span class=\"_ _c\"></span>ofiles of receiv<span class=\"_ _0\"></span>ables ov<span class=\"_ _c\"></span>er a period of 36 months befor<span class=\"_ _0\"></span>e year end.<span class=\"_ _2\"></span> The loss r<span class=\"_ _c\"></span>ates ar<span class=\"_ _0\"></span>e adjusted t<span class=\"_ _c\"></span>o reflect curr<span class=\"_ _c\"></span>ent and forwar<span class=\"_ _c\"></span>d-looking information on macr<span class=\"_ _c\"></span>o-economic factors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as the socio-economic envir<span class=\"_ _c\"></span>onment aff<span class=\"_ _c\"></span>ecting the ability of the debtors t<span class=\"_ _0\"></span>o settle the receiv<span class=\"_ _c\"></span>ables.<span class=\"_ _2\"></span> Receivables that ar<span class=\"_ _c\"></span>e 30 days or more past due ar<span class=\"_ _c\"></span>e considered t<span class=\"_ _c\"></span>o be <span class=\"_ _2\"></span>\u2018not performing\u2019<span class=\"_ _b\"></span> and the default r<span class=\"_ _0\"></span>ebuttable pr<span class=\"_ _c\"></span>esumption of 90 days prescribed b<span class=\"_ _c\"></span>y IFRS 9 is not applied.<span class=\"_ _2d8\"> </span>PERF<span class=\"_ _0\"></span>ORMIN<span class=\"_ _0\"></span>G<span class=\"_ _2d8\"> </span>Customers ha<span class=\"_ _0\"></span>ve a lo<span class=\"_ _0\"></span>w risk of default and a str<span class=\"_ _c\"></span>ong capacity to meet contr<span class=\"_ _c\"></span>actual cash flows.<span class=\"_ _2d8\"> </span>UNDERPER<span class=\"_ _1\"></span>FORMING<span class=\"_ _2d8\"> </span>Receivables f<span class=\"_ _c\"></span>or which there is a significant incr<span class=\"_ _c\"></span>ease in credit risk.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A significant increase in cr<span class=\"_ _c\"></span>edit risk is presumed if int<span class=\"_ _c\"></span>erest and/or principal r<span class=\"_ _0\"></span>epayments ar<span class=\"_ _0\"></span>e past due.<span class=\"_ _2d8\"> </span>NOT<span class=\"_ _0\"></span> PERFORM<span class=\"_ _1\"></span>ING<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est and/or principal repa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e 30 days past due.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span>PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span>risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d). <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span>r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span>lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span>APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span>ECL allow<span class=\"_ _0\"></span>ance on day one. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span>ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Inv<span class=\"_ _c\"></span>estment income from debt instruments classified as FV<span class=\"_ _c\"></span>OCI are measur<span class=\"_ _c\"></span>ed using the eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e which allocates the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income or inter<span class=\"_ _c\"></span>est expense ov<span class=\"_ _c\"></span>er the expected lif<span class=\"_ _0\"></span>e of the asset or liability at the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that ex<span class=\"_ _0\"></span>actly discounts all estimated futur<span class=\"_ _c\"></span>e cash flows t<span class=\"_ _0\"></span>o equal the instrument\u2019<span class=\"_ _2\"></span>s initial carr<span class=\"_ _1\"></span>ying amount.<span class=\"_ _2\"></span> Calculation of the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate t<span class=\"_ _c\"></span>akes int<span class=\"_ _c\"></span>o account fees payable or r<span class=\"_ _c\"></span>eceivable that ar<span class=\"_ _0\"></span>e an integr<span class=\"_ _c\"></span>al par<span class=\"_ _1\"></span>t of the instrument\u2019<span class=\"_ _2\"></span>s yield,<span class=\"_ _2\"></span> premiums or discounts on acquisition or issue<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> early redemption f<span class=\"_ _c\"></span>ees and transaction costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>All contr<span class=\"_ _0\"></span>actual terms of a financial instrument ar<span class=\"_ _c\"></span>e considered when estimating futur<span class=\"_ _c\"></span>e cash flows.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-368": {
   "value": "ACCOU<span class=\"_ _1\"></span>NTIN<span class=\"_ _1\"></span>G PO<span class=\"_ _1\"></span>LICY \u2013 FI<span class=\"_ _1\"></span>NANC<span class=\"_ _1\"></span>IAL AS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ET<span class=\"_ _1\"></span>S A<span class=\"_ _0\"></span>T F<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>R V<span class=\"_ _c\"></span>ALU<span class=\"_ _1\"></span>E TH<span class=\"_ _1\"></span>ROU<span class=\"_ _1\"></span>GH OTH<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>R COM<span class=\"_ _1\"></span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>N<span class=\"_ _1\"></span>SIV<span class=\"_ _1\"></span>E INC<span class=\"_ _1\"></span>OM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>CLASSIFIC<span class=\"_ _0\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup classifies the following financial assets at f<span class=\"_ _c\"></span>air value thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income (\u201cFV<span class=\"_ _c\"></span>OCI\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>Debt securities<span class=\"_ _2d8\"> </span>A debt instrument is measur<span class=\"_ _0\"></span>ed at FV<span class=\"_ _0\"></span>OCI only if it meets both of the follo<span class=\"_ _c\"></span>wing conditions and is not designated at fair v<span class=\"_ _c\"></span>alue through the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account (\u201cFVTPL<span class=\"_ _c\"></span>\u201d): <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The asset is held within a business model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _c\"></span>ed by both collecting contr<span class=\"_ _0\"></span>actual cash flows and selling financial<span class=\"_ gs41\"> </span>assets <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span>The contr<span class=\"_ _c\"></span>actual terms of the financial asset giv<span class=\"_ _0\"></span>e rise to cash flo<span class=\"_ _0\"></span>ws that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est (\u201cSPPI\u201d) on the principal amount outstanding on specified dat<span class=\"_ _c\"></span>es<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>GNI<span class=\"_ _1\"></span>TIO<span class=\"_ _1\"></span>N AND M<span class=\"_ _1\"></span>EAS<span class=\"_ _1\"></span>U<span class=\"_ _1\"></span>RE<span class=\"_ _1\"></span>M<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span>At initial r<span class=\"_ _0\"></span>ecognition,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup measur<span class=\"_ _0\"></span>es debt securities thr<span class=\"_ _0\"></span>ough Other Compr<span class=\"_ _0\"></span>ehensive Income at f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> plus the tr<span class=\"_ _0\"></span>ansaction costs that ar<span class=\"_ _0\"></span>e dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _c\"></span>o the acquisition of the financial asset.<span class=\"_ _2\"></span> Debt securities at FVOCI ar<span class=\"_ _c\"></span>e subsequently measured at f<span class=\"_ _c\"></span>air value.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses debt securities at FVOCI f<span class=\"_ _c\"></span>or impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _c\"></span>\u2018thr<span class=\"_ _0\"></span>ee-st<span class=\"_ _0\"></span>age\u2019<span class=\"_ _2\"></span> model for calculating the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in cr<span class=\"_ _0\"></span>edit quality since initial r<span class=\"_ _0\"></span>ecognition.<span class=\"_ _2\"></span> Refer t<span class=\"_ _c\"></span>o Note 4.4.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-358": {
   "value": "4.<span class=\"_ _1\"></span>2.<span class=\"_ _1\"></span>2. I<span class=\"_ _1\"></span>ntere<span class=\"_ _1\"></span>st ra<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>k<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate risk is the risk that the v<span class=\"_ _0\"></span>alue or futur<span class=\"_ _0\"></span>e cash flows of a financial instrument will fluctuat<span class=\"_ _c\"></span>e because of changes in market int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es.<span class=\"_ _2\"></span> Floating r<span class=\"_ _0\"></span>ate instruments e<span class=\"_ _0\"></span>xpose the Gr<span class=\"_ _0\"></span>oup t<span class=\"_ _0\"></span>o cash flow int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est risk,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eas fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments expose the Gr<span class=\"_ _c\"></span>oup to f<span class=\"_ _0\"></span>air value inter<span class=\"_ _c\"></span>est risk.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s inter<span class=\"_ _c\"></span>est risk policy requir<span class=\"_ _c\"></span>es it to manage the maturities of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est-bearing financial assets and inter<span class=\"_ _c\"></span>est-bearing financial liabilities.<span class=\"_ _2\"></span> Inter<span class=\"_ _c\"></span>est on fixed int<span class=\"_ _c\"></span>erest r<span class=\"_ _c\"></span>ate instruments is priced at inception of the financial instrument and is fixed until maturity<span class=\"_ _2\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup has a concentration of int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate risk in UK go<span class=\"_ _c\"></span>vernment bonds and other fixed-income securities<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The analysis that f<span class=\"_ _0\"></span>ollows is perf<span class=\"_ _0\"></span>ormed for r<span class=\"_ _c\"></span>easonably possible mov<span class=\"_ _0\"></span>ements in ke<span class=\"_ _c\"></span>y variables with all other variables held const<span class=\"_ _c\"></span>ant,<span class=\"_ _2\"></span> showing the impact on pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _c\"></span>e tax and equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The corr<span class=\"_ _0\"></span>elation of variables will ha<span class=\"_ _0\"></span>ve a significant ef<span class=\"_ _c\"></span>fect in det<span class=\"_ _0\"></span>ermining the ultimate impact on int<span class=\"_ _c\"></span>erest r<span class=\"_ _0\"></span>ate risk,<span class=\"_ _b\"></span> but to demonstr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e the impact due to changes in v<span class=\"_ _c\"></span>ariables,<span class=\"_ _2\"></span> variables had t<span class=\"_ _0\"></span>o be changed on an individual basis.<span class=\"_ _2\"></span> It should be not<span class=\"_ _c\"></span>ed that mov<span class=\"_ _c\"></span>ements in these variables ar<span class=\"_ _0\"></span>e non-linear<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span>The impact of an<span class=\"_ _0\"></span>y mov<span class=\"_ _c\"></span>ement in market v<span class=\"_ _0\"></span>alues,<span class=\"_ _2\"></span> such as those caused by c<span class=\"_ _0\"></span>hanges in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> is tak<span class=\"_ _c\"></span>en through Other Compr<span class=\"_ _c\"></span>ehensive Income and has no impact on pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _c\"></span>ax.<span class=\"_ _2d8\"> </span><table class=\"s w4e0 h8d\" id=\"_2882775b-4569-401f-b9d9-130f218fdade\"><tr><td></td><td></td><td class=\"c n x74b y26a9 w4e1 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74c y26a9 w4e2 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in t<span class=\"_ _0\"></span>otal equity<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x74d y26aa w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74e y26aa w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74f y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x750 y26aa w379 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ab w4e3 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x751 y26ab w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x752 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x753 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x754 y26ab w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26ac ff4 fs7 fc2 sc0 ls0 ws0\">Inter<span class=\"_ _c\"></span>est r<span class=\"_ _0\"></span>ate<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 100-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bb w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bb wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bb w4e5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>378)</span></div></td><td class=\"c n x758 y24bb w4e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>(3,250)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4e4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 ws7b\">Impact of a 200-basis point incr<span class=\"_ _0\"></span>ease in inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>es on debt securities at FVOCI</div></td><td class=\"c n x755 y24bc w419 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x756 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x757 y24bc w4e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"ff4\"><span class=\"_ _70\"> </span></span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>75<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x759 y24bc w4e8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>6,<span class=\"_ _1\"></span>499)<span class=\"_ _2d8\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-359": {
   "value": "4.2.3. Fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue is the price that would be r<span class=\"_ _c\"></span>eceived t<span class=\"_ _0\"></span>o sell an asset or paid to tr<span class=\"_ _c\"></span>ansfer a liability in an or<span class=\"_ _c\"></span>derly transaction betw<span class=\"_ _0\"></span>een market participants at the measurement dat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or in its absence,<span class=\"_ _2\"></span> the most adv<span class=\"_ _0\"></span>antageous mark<span class=\"_ _c\"></span>et to which the Gr<span class=\"_ _c\"></span>oup has access at that date.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures the f<span class=\"_ _0\"></span>air value of an instrument using the quot<span class=\"_ _c\"></span>ed bid price in an active mark<span class=\"_ _0\"></span>et for that instrument.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A market is r<span class=\"_ _c\"></span>egarded as active if tr<span class=\"_ _c\"></span>ansactions for the asset t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e place with suf<span class=\"_ _0\"></span>ficient frequency and v<span class=\"_ _c\"></span>olume to pr<span class=\"_ _c\"></span>ovide pricing information on an ongoing basis<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue measur<span class=\"_ _0\"></span>ements ar<span class=\"_ _0\"></span>e based on observable and unobservable inputs.<span class=\"_ _2\"></span> Observ<span class=\"_ _0\"></span>able inputs reflect mark<span class=\"_ _c\"></span>et data obt<span class=\"_ _c\"></span>ained from independent sour<span class=\"_ _0\"></span>ces,<span class=\"_ _2\"></span> while unobservable inputs r<span class=\"_ _c\"></span>eflect the Group\u2019<span class=\"_ _2\"></span>s view of mark<span class=\"_ _c\"></span>et assumptions in the absence of obser<span class=\"_ _1\"></span>vable mark<span class=\"_ _c\"></span>et<span class=\"_ gs41\"> </span>information.<span class=\"_ _2\"></span> IFRS 13 r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es cer<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ain disclosur<span class=\"_ _0\"></span>es which r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>e the classification of financial assets and financial liabilities measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _c\"></span>alue using a fair value hier<span class=\"_ _c\"></span>arc<span class=\"_ _0\"></span>hy that r<span class=\"_ _c\"></span>eflects the significance of the inputs used in making the fair value measur<span class=\"_ _c\"></span>ement.<span class=\"_ _2d8\"> </span>Disclosur<span class=\"_ _0\"></span>e of fair v<span class=\"_ _c\"></span>alue measurements b<span class=\"_ _0\"></span>y lev<span class=\"_ _0\"></span>el is according t<span class=\"_ _c\"></span>o the following f<span class=\"_ _c\"></span>air value measur<span class=\"_ _0\"></span>ement hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2 ls63\">Le<span class=\"_ _0\"></span>vel 1:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is based on quoted mark<span class=\"_ _c\"></span>et prices (unadjusted) in activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>ets for identical instruments as measur<span class=\"_ _c\"></span>ed on reporting date</span></span> <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Le<span class=\"_ _0\"></span>vel 2:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough inputs,<span class=\"_ _2\"></span> other than quot<span class=\"_ _0\"></span>ed prices included in Lev<span class=\"_ _0\"></span>el 1 that ar<span class=\"_ _0\"></span>e observable f<span class=\"_ _0\"></span>or the assets and </span></span>liabilities,<span class=\"_ _2\"></span> either dir<span class=\"_ _c\"></span>ectly (prices) or indirectly (deriv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om prices) <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Le<span class=\"_ _0\"></span>vel 3:<span class=\"ff4\"> f<span class=\"_ _c\"></span>air value is det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough valuation t<span class=\"_ _c\"></span>echniques which use significant unobser<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>able inputs<span class=\"_ _2d8\"> </span></span></span>Leve<span class=\"_ _1\"></span>l 1<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These instruments are included in Le<span class=\"_ _0\"></span>vel 1 and comprise only debt securities classified as f<span class=\"_ _c\"></span>air value thr<span class=\"_ _c\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> Leve<span class=\"_ _1\"></span>l 2<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments that ar<span class=\"_ _c\"></span>e not traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et is determined b<span class=\"_ _c\"></span>y using valuation tec<span class=\"_ _0\"></span>hniques.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These valuation tec<span class=\"_ _0\"></span>hniques maximise the use of observable mark<span class=\"_ _0\"></span>et data wher<span class=\"_ _c\"></span>e it is available and r<span class=\"_ _c\"></span>ely as little as possible on entity-specific estimates.<span class=\"_ _2\"></span> If all significant input r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed to f<span class=\"_ _c\"></span>air value an instrument is observable,<span class=\"_ _2\"></span> the instrument is included in Le<span class=\"_ _0\"></span>vel 2.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 2 financial<span class=\"_ gs41\"> </span>instruments.<span class=\"_ _2d8\"> </span>Leve<span class=\"_ _1\"></span>l 3<span class=\"_ _2d8\"> </span>If one or mor<span class=\"_ _0\"></span>e of the significant inputs ar<span class=\"_ _0\"></span>e not based on observable mark<span class=\"_ _0\"></span>et data,<span class=\"_ _b\"></span> the instrument is included in Level 3.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 3 financial instruments.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able summarises the classification of financial instruments:<span class=\"_ _2d8\"> </span><table class=\"s w4e9 h80\" id=\"_fa142d91-8050-42be-baa9-01d6c142666e\"><tr><td></td><td></td><td class=\"c n x75a y26ad w4ea h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y26ad w4eb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y26ad w4ec h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y26ad w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ae w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26af ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y251f w4ed h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x75e y251f w467 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y251f w4ee h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y251f we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y251f w4ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y251f w4f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x75e y24bc w467 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y24bc w4ee h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y24bc we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y24bc w4ef h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y24bc w4f0 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w4f1 h86\" id=\"_0fc3c834-aad8-4be2-9fe3-aa030fc443d8\"><tr><td></td><td class=\"c n x75a y2663 w4ea h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y2663 w4eb h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y2663 w4ec h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y2663 w1f7 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y264e w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26b0 ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4ed h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x762 y24bb w4f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _b3\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></span></div></td><td class=\"c n x763 y24bb wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x764 y26a2 w4f3 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x765 y24bb w4f4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4f5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _237\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x766 y24bc w4f6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x767 y24bc w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x768 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x769 y24bc w4f7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>T<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>nsfe<span class=\"_ _1\"></span>rs b<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ween l<span class=\"_ _1\"></span>evels<span class=\"_ _2d8\"> </span>Ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no tr<span class=\"_ _0\"></span>ansfers betw<span class=\"_ _0\"></span>een lev<span class=\"_ _0\"></span>els during the year (2024:<span class=\"_ _2\"></span> no transf<span class=\"_ _c\"></span>ers).<span class=\"_ _2d8\"> </span>4<span class=\"_ _1\"></span>.6. N<span class=\"_ _1\"></span>ET GAIN<span class=\"_ _1\"></span>S/<span class=\"_ _2\"></span>(LOS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ES<span class=\"_ _1\"></span>) FRO<span class=\"_ _1\"></span>M FAIR V<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>LUE AD<span class=\"_ _1\"></span>JU<span class=\"_ _1\"></span>ST<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S ON F<span class=\"_ _1\"></span>INAN<span class=\"_ _1\"></span>CIA<span class=\"_ _1\"></span>L ASS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>TS<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Profit or<span class=\"_ _0\"></span> Loss<span class=\"_ _2d8\"> </span>Realised gains on<span class=\"_ _0\"></span> derecognition of<span class=\"_ _0\"></span> debt securities<span class=\"_ _0\"></span> measured at FV<span class=\"_ _c\"></span>OCI<span class=\"_ _247\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Realised fair<span class=\"_ _0\"></span> value<span class=\"_ _c\"></span> g<span class=\"_ _1\"></span>ains o<span class=\"_ _0\"></span>n debt<span class=\"_ _0\"></span> securities reclassified t<span class=\"_ _0\"></span>o Profit<span class=\"_ _0\"></span> or Loss<span class=\"_ _248\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Other Comprehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _249\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span></span></span>Unr<span class=\"_ _0\"></span>ealised fair v<span class=\"_ _c\"></span>alue gains on debt securities<span class=\"_ _24a\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>5,52<span class=\"_ _1\"></span>2<span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Realised gains on der<span class=\"_ _0\"></span>ecognition of debt securities r<span class=\"_ _0\"></span>eclassified to Pr<span class=\"_ _c\"></span>ofit or Loss<span class=\"_ _f3\"> </span><span class=\"ff2 ls63 wsa5\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(7)<span class=\"_ _122\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Expected cr<span class=\"_ _c\"></span>e<span class=\"_ _1\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _24b\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>5<span class=\"_ gs41\"> </span></span></span>Unrealised f<span class=\"_ _c\"></span>air value gains on debt securities through Other Compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _24c\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>518<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Net g<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>ns fr<span class=\"_ _1\"></span>om fa<span class=\"_ _1\"></span>ir val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s on fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s<span class=\"_ _1cd\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>5,525<span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _2d8\"> </span></span></span><span class=\"ls7c ws93\"><span class=\"ff4 ls98 ws9c\"><span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-369": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Fair v<span class=\"_ _0\"></span>alue is the price that would be r<span class=\"_ _c\"></span>eceived t<span class=\"_ _0\"></span>o sell an asset or paid to tr<span class=\"_ _c\"></span>ansfer a liability in an or<span class=\"_ _c\"></span>derly transaction betw<span class=\"_ _0\"></span>een market participants at the measurement dat<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> or in its absence,<span class=\"_ _2\"></span> the most adv<span class=\"_ _0\"></span>antageous mark<span class=\"_ _c\"></span>et to which the Gr<span class=\"_ _c\"></span>oup has access at that date.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures the f<span class=\"_ _0\"></span>air value of an instrument using the quot<span class=\"_ _c\"></span>ed bid price in an active mark<span class=\"_ _0\"></span>et for that instrument.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>A market is r<span class=\"_ _c\"></span>egarded as active if tr<span class=\"_ _c\"></span>ansactions for the asset t<span class=\"_ _0\"></span>ak<span class=\"_ _0\"></span>e place with suf<span class=\"_ _0\"></span>ficient frequency and v<span class=\"_ _c\"></span>olume to pr<span class=\"_ _c\"></span>ovide pricing information on an ongoing basis<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-364": {
   "value": "Leve<span class=\"_ _1\"></span>l 1<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments tr<span class=\"_ _c\"></span>aded in active mark<span class=\"_ _0\"></span>ets is based on quot<span class=\"_ _0\"></span>ed market prices at the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2\"></span>  A mark<span class=\"_ _0\"></span>et is r<span class=\"_ _0\"></span>egarded as activ<span class=\"_ _c\"></span>e if quoted prices ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadily and r<span class=\"_ _0\"></span>egularly available fr<span class=\"_ _c\"></span>om the stock e<span class=\"_ _0\"></span>xchange or pricing service,<span class=\"_ _2\"></span> and those prices r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent actual and r<span class=\"_ _0\"></span>egularly occurring market tr<span class=\"_ _c\"></span>ansactions on an arm\u2019<span class=\"_ _2\"></span>s length basis.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The quot<span class=\"_ _0\"></span>ed mark<span class=\"_ _0\"></span>et price used for financial assets held by the Gr<span class=\"_ _c\"></span>oup is the closing bid price.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These instruments are included in Le<span class=\"_ _0\"></span>vel 1 and comprise only debt securities classified as f<span class=\"_ _c\"></span>air value thr<span class=\"_ _c\"></span>ough Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2\"></span> Leve<span class=\"_ _1\"></span>l 2<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of financial instruments that ar<span class=\"_ _c\"></span>e not traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et is determined b<span class=\"_ _c\"></span>y using valuation tec<span class=\"_ _0\"></span>hniques.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These valuation tec<span class=\"_ _0\"></span>hniques maximise the use of observable mark<span class=\"_ _0\"></span>et data wher<span class=\"_ _c\"></span>e it is available and r<span class=\"_ _c\"></span>ely as little as possible on entity-specific estimates.<span class=\"_ _2\"></span> If all significant input r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ed to f<span class=\"_ _c\"></span>air value an instrument is observable,<span class=\"_ _2\"></span> the instrument is included in Le<span class=\"_ _0\"></span>vel 2.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 2 financial<span class=\"_ gs41\"> </span>instruments.<span class=\"_ _2d8\"> </span>Leve<span class=\"_ _1\"></span>l 3<span class=\"_ _2d8\"> </span>If one or mor<span class=\"_ _0\"></span>e of the significant inputs ar<span class=\"_ _0\"></span>e not based on observable mark<span class=\"_ _0\"></span>et data,<span class=\"_ _b\"></span> the instrument is included in Level 3.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Gr<span class=\"_ _0\"></span>oup has no Lev<span class=\"_ _0\"></span>el 3 financial instruments.<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able summarises the classification of financial instruments:<span class=\"_ _2d8\"> </span><table class=\"s w4e9 h80\" id=\"_fa142d91-8050-42be-baa9-01d6c142666e\"><tr><td></td><td></td><td class=\"c n x75a y26ad w4ea h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y26ad w4eb h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y26ad w4ec h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y26ad w1f7 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ae w3d9 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x72b y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y26ae w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y26ae w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26af ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y251f w4ed h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x75e y251f w467 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y251f w4ee h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y251f we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y251f w4ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y251f w4f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x75e y24bc w467 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75f y24bc w4ee h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _127\"> </span></div></td><td class=\"c n x760 y24bc we6 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x361 y24bc w4ef h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _85\"> </span></span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x761 y24bc w4f0 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\">32<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>752<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><table class=\"s w4f1 h86\" id=\"_0fc3c834-aad8-4be2-9fe3-aa030fc443d8\"><tr><td></td><td class=\"c n x75a y2663 w4ea h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75b y2663 w4eb h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Level 2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75c y2663 w4ec h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Lev<span class=\"_ _c\"></span>el 3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x75d y2663 w1f7 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y264e w3d9 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">At 31 December 2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72b y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72c y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72d y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x72e y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26b0 ff4 fs7 fc2 sc0 ls0 ws0\">Assets held at fair v<span class=\"_ _c\"></span>alue<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w4ed h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Debt securities held at FV<span class=\"_ _c\"></span>OCI</div></td><td class=\"c n x762 y24bb w4f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _b3\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></span></div></td><td class=\"c n x763 y24bb wbe h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x764 y26a2 w4f3 h77\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span></div></td><td class=\"c n x765 y24bb w4f4 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"> </span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4f5 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _237\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x766 y24bc w4f6 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _13c\"> </span></div></td><td class=\"c n x767 y24bc w2b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x768 y24bc wbd h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x769 y24bc w4f7 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\"><span class=\"ls7c ws93\"><span class=\"_ _4e\"> </span></span><span class=\"_ gs41\"> </span><span class=\"_ _1a\"> </span>3<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>T<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>nsfe<span class=\"_ _1\"></span>rs b<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ween l<span class=\"_ _1\"></span>evels<span class=\"_ _2d8\"> </span>Ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no tr<span class=\"_ _0\"></span>ansfers betw<span class=\"_ _0\"></span>een lev<span class=\"_ _0\"></span>els during the year (2024:<span class=\"_ _2\"></span> no transf<span class=\"_ _c\"></span>ers).<span class=\"_ _2d8\"> </span><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs420\">4<span class=\"_ _1\"></span>.6. N<span class=\"_ _1\"></span>ET GAIN<span class=\"_ _1\"></span>S/<span class=\"_ _2\"></span>(LOS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ES<span class=\"_ _1\"></span>) FRO<span class=\"_ _1\"></span>M FAIR V<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>LUE AD<span class=\"_ _1\"></span>JU<span class=\"_ _1\"></span>ST<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S ON F<span class=\"_ _1\"></span>INAN<span class=\"_ _1\"></span>CIA<span class=\"_ _1\"></span>L ASS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>TS<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs421\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs422\">Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs423\">cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs424\">2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs425\">\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h12 ff2 fs7 fc2 sc0 lsd6 ws14 gs426\">Profit or<span class=\"_ _0\"></span> Loss<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls60 ws32 gs427\">Realised gains on<span class=\"_ _0\"></span> derecognition of<span class=\"_ _0\"></span> debt securities<span class=\"_ _0\"></span> measured at FV<span class=\"_ _c\"></span>OCI<span class=\"_ _247\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 lsd1 ws3f gs428\">Realised fair<span class=\"_ _0\"></span> value<span class=\"_ _c\"></span> g<span class=\"_ _1\"></span>ains o<span class=\"_ _0\"></span>n debt<span class=\"_ _0\"></span> securities reclassified t<span class=\"_ _0\"></span>o Profit<span class=\"_ _0\"></span> or Loss<span class=\"_ _248\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 lsd6 ws14 gs429\">Other Comprehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _249\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span></span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs42a\">Unr<span class=\"_ _0\"></span>ealised fair v<span class=\"_ _c\"></span>alue gains on debt securities<span class=\"_ _24a\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>5,52<span class=\"_ _1\"></span>2<span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs42b\">Realised gains on der<span class=\"_ _0\"></span>ecognition of debt securities r<span class=\"_ _0\"></span>eclassified to Pr<span class=\"_ _c\"></span>ofit or Loss<span class=\"_ _f3\"> </span><span class=\"ff2 ls63 wsa5\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(7)<span class=\"_ _122\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 lsad ws7c gs42c\">Expected cr<span class=\"_ _c\"></span>e<span class=\"_ _1\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _24b\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>5<span class=\"_ gs41\"> </span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls0 ws0 gs42d\">Unrealised f<span class=\"_ _c\"></span>air value gains on debt securities through Other Compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _24c\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>518<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></div><div class=\"t m0 h9 ff2 fs7 fc2 sc0 ls46 ws0 gs42e\">Net g<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>ns fr<span class=\"_ _1\"></span>om fa<span class=\"_ _1\"></span>ir val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s on fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s<span class=\"_ _1cd\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>5,525<span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _2d8\"> </span></span></span><span class=\"ls7c ws93\"><span class=\"ff4 ls98 ws9c\"><span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-384": {
   "value": "IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures loss allow<span class=\"_ _c\"></span>ances at an amount equal to lifetime ECL.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o measure the e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eceivables hav<span class=\"_ _c\"></span>e been gr<span class=\"_ _0\"></span>ouped based on shar<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit risk char<span class=\"_ _0\"></span>acteristics and the da<span class=\"_ _0\"></span>ys past due to cr<span class=\"_ _c\"></span>eate the cat<span class=\"_ _0\"></span>egories,<span class=\"_ _2\"></span> namely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> performing,<span class=\"_ _2\"></span> underperf<span class=\"_ _0\"></span>orming and not performing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The expect<span class=\"_ _c\"></span>ed loss rat<span class=\"_ _c\"></span>es are based on the payment pr<span class=\"_ _c\"></span>ofiles of receiv<span class=\"_ _0\"></span>ables ov<span class=\"_ _c\"></span>er a period of 36 months befor<span class=\"_ _0\"></span>e year end.<span class=\"_ _2\"></span> The loss r<span class=\"_ _c\"></span>ates ar<span class=\"_ _0\"></span>e adjusted t<span class=\"_ _c\"></span>o reflect curr<span class=\"_ _c\"></span>ent and forwar<span class=\"_ _c\"></span>d-looking information on macr<span class=\"_ _c\"></span>o-economic factors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as the socio-economic envir<span class=\"_ _c\"></span>onment aff<span class=\"_ _c\"></span>ecting the ability of the debtors t<span class=\"_ _0\"></span>o settle the receiv<span class=\"_ _c\"></span>ables.<span class=\"_ _2\"></span> Receivables that ar<span class=\"_ _c\"></span>e 30 days or more past due ar<span class=\"_ _c\"></span>e considered t<span class=\"_ _c\"></span>o be <span class=\"_ _2\"></span>\u2018not performing\u2019<span class=\"_ _b\"></span> and the default r<span class=\"_ _0\"></span>ebuttable pr<span class=\"_ _c\"></span>esumption of 90 days prescribed b<span class=\"_ _c\"></span>y IFRS 9 is not applied.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span>PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span>risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d). <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span>r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span>lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span>APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span>ECL allow<span class=\"_ _0\"></span>ance on day one. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span>ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-370": {
   "value": "IMP<span class=\"_ _c\"></span>AIRMENT<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup measures loss allow<span class=\"_ _c\"></span>ances at an amount equal to lifetime ECL.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o measure the e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>eceivables hav<span class=\"_ _c\"></span>e been gr<span class=\"_ _0\"></span>ouped based on shar<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit risk char<span class=\"_ _0\"></span>acteristics and the da<span class=\"_ _0\"></span>ys past due to cr<span class=\"_ _c\"></span>eate the cat<span class=\"_ _0\"></span>egories,<span class=\"_ _2\"></span> namely<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> performing,<span class=\"_ _2\"></span> underperf<span class=\"_ _0\"></span>orming and not performing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The expect<span class=\"_ _c\"></span>ed loss rat<span class=\"_ _c\"></span>es are based on the payment pr<span class=\"_ _c\"></span>ofiles of receiv<span class=\"_ _0\"></span>ables ov<span class=\"_ _c\"></span>er a period of 36 months befor<span class=\"_ _0\"></span>e year end.<span class=\"_ _2\"></span> The loss r<span class=\"_ _c\"></span>ates ar<span class=\"_ _0\"></span>e adjusted t<span class=\"_ _c\"></span>o reflect curr<span class=\"_ _c\"></span>ent and forwar<span class=\"_ _c\"></span>d-looking information on macr<span class=\"_ _c\"></span>o-economic factors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such as the socio-economic envir<span class=\"_ _c\"></span>onment aff<span class=\"_ _c\"></span>ecting the ability of the debtors t<span class=\"_ _0\"></span>o settle the receiv<span class=\"_ _c\"></span>ables.<span class=\"_ _2\"></span> Receivables that ar<span class=\"_ _c\"></span>e 30 days or more past due ar<span class=\"_ _c\"></span>e considered t<span class=\"_ _c\"></span>o be <span class=\"_ _2\"></span>\u2018not performing\u2019<span class=\"_ _b\"></span> and the default r<span class=\"_ _0\"></span>ebuttable pr<span class=\"_ _c\"></span>esumption of 90 days prescribed b<span class=\"_ _c\"></span>y IFRS 9 is not applied.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span>PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span>risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d). <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span>r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span>lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span>APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span>ECL allow<span class=\"_ _0\"></span>ance on day one. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span>ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT OF G<span class=\"_ _1\"></span>OODWI<span class=\"_ _1\"></span>LL<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup performs an annual impairment r<span class=\"_ _c\"></span>eview which in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es comparing the carr<span class=\"_ _1\"></span>ying amount to the estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount and r<span class=\"_ _0\"></span>ecognising an impairment loss if the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount is low<span class=\"_ _0\"></span>er than the carrying amount.<span class=\"_ _2\"></span> Impairment losses are r<span class=\"_ _c\"></span>ecognised thr<span class=\"_ _0\"></span>ough the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and ar<span class=\"_ _0\"></span>e not subsequently r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ersed.<span class=\"_ _2d8\"> </span>The r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>erable amount is the gr<span class=\"_ _c\"></span>eater of the f<span class=\"_ _0\"></span>air value of the asset less costs t<span class=\"_ _c\"></span>o sell and the value in use.<span class=\"_ _2d8\"> </span>The v<span class=\"_ _0\"></span>alue in use calculations use cash flow pr<span class=\"_ _c\"></span>ojections based on financial budgets appro<span class=\"_ _0\"></span>ved b<span class=\"_ _0\"></span>y management.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-362": {
   "value": "The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s receiv<span class=\"_ _c\"></span>ables comprise:<span class=\"_ _2d8\"> </span><table class=\"s w4f8 h8b\" id=\"_c24d2f3b-0ac0-40a0-85af-23a0b7ab02b4\"><tr><td></td><td class=\"c n x1d6 y26a3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26a3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26a4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26a4 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w4f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Other debtors</div></td><td class=\"c n x76a y24bb w4fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _238\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span></div></td><td class=\"c n x76b y24bb w4fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w4fc h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _239\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x76c y24bc w4fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">41<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></div></td><td class=\"c n x76d y24bc w4fe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3 ws5f\"><span class=\"_ gs41\"> </span>32\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>The estimat<span class=\"_ _0\"></span>ed fair v<span class=\"_ _c\"></span>alues of receiv<span class=\"_ _0\"></span>ables are the discount<span class=\"_ _c\"></span>ed amounts of the estimated futur<span class=\"_ _c\"></span>e cash flows expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _c\"></span>eceived.<span class=\"_ _2d8\"> </span>The carrying value of r<span class=\"_ _c\"></span>eceivables appr<span class=\"_ _0\"></span>oximat<span class=\"_ _c\"></span>es fair value<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The pr<span class=\"_ _c\"></span>ovision for e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed credit losses is based on the r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ability of the individual r<span class=\"_ _0\"></span>eceivables<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup calculated ECL on r<span class=\"_ _0\"></span>eceivables and has concluded that it is wholly immat<span class=\"_ _c\"></span>erial and such fur<span class=\"_ _1\"></span>ther disclosur<span class=\"_ _0\"></span>e has not been included.<span class=\"_ _2d8\"> </span>1<span class=\"_ _c\"></span>3. OT<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>R AS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ET<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span><table class=\"s w6ac ha2\" id=\"_419363b0-62db-4d16-b13d-313b2cff4a5a\"><tr><td></td><td class=\"c n x1d6 y26a3 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26a3 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26a4 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26a4 w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w6ad h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>epayments and accrued income</div></td><td class=\"c n x988 y24bb w6ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsf2 ws104\"><span class=\"_ gs102\"> </span>79<span class=\"_ _1\"></span>9\ue01d<span class=\"_ _dd\"> </span></span><span class=\"lsf1 ws102\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x989 y24bb w90 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf1 ws102\">778<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6af h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal</div></td><td class=\"c n x98a y24bc w6b0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf2 ws104\"><span class=\"_ gs102\"> </span>799<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span></div></td><td class=\"c n x98b y24bc w6b1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs41\"> </span>7<span class=\"_ _1\"></span>78\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>The carrying value of other assets appr<span class=\"_ _c\"></span>oximat<span class=\"_ _0\"></span>es to f<span class=\"_ _c\"></span>air value.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>There ar<span class=\"_ _c\"></span>e no amounts expected t<span class=\"_ _c\"></span>o be reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>ed more than 12 months aft<span class=\"_ _c\"></span>er the r<span class=\"_ _0\"></span>eporting date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-389": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRMENT OF<span class=\"_ _0\"></span> FINANCI<span class=\"_ _0\"></span>AL<span class=\"_ _0\"></span> ASSETS<span class=\"_ _2d8\"> </span>At each r<span class=\"_ _0\"></span>eporting date,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup assesses financial assets measured at amortised cost and debt securities at FV<span class=\"_ _0\"></span>OCI for impairment.<span class=\"_ _2\"></span> Under IFRS 9,<span class=\"_ _2\"></span> a <span class=\"_ _2\"></span>\u2018thr<span class=\"_ _0\"></span>ee-stage\u2019<span class=\"_ _2\"></span> model f<span class=\"_ _c\"></span>or calculating expected cr<span class=\"_ _c\"></span>edit losses (\u201cECL<span class=\"_ _c\"></span>\u201d) is used,<span class=\"_ _2\"></span> and is based on changes in credit quality since initial r<span class=\"_ _0\"></span>ecognition as summarised below:<span class=\"_ _2d8\"> </span>PERFORMING FIN<span class=\"_ _0\"></span>ANCIA<span class=\"_ _0\"></span>L A<span class=\"_ _0\"></span>SSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 1:<span class=\"ff4\"> Fr<span class=\"_ _0\"></span>om initial r<span class=\"_ _0\"></span>ecognition of a financial asset to the dat<span class=\"_ _c\"></span>e on which an asset has experienced a significant increase in cr<span class=\"_ _c\"></span>edit </span></span>risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o its initial recognition,<span class=\"_ _2\"></span> a st<span class=\"_ _0\"></span>age 1 loss allow<span class=\"_ _0\"></span>ance is r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected t<span class=\"_ _c\"></span>o result fr<span class=\"_ _c\"></span>om its default occurring ov<span class=\"_ _c\"></span>er the earlier of the next 12 months or its maturity date (\u201c12-month ECL<span class=\"_ _2\"></span>\u201d). <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 2:<span class=\"_ _c\"></span> <span class=\"ff4\">Following a significant incr<span class=\"_ _c\"></span>ease in credit risk r<span class=\"_ _0\"></span>elative t<span class=\"_ _c\"></span>o the initial recognition of the financial asset,<span class=\"_ _2\"></span> a st<span class=\"_ _c\"></span>age 2 loss allowance is </span></span>r<span class=\"_ _0\"></span>ecognised equal to the cr<span class=\"_ _c\"></span>edit losses expected fr<span class=\"_ _c\"></span>om all possible default e<span class=\"_ _0\"></span>vents o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset (\u201cLif<span class=\"_ _0\"></span>etime ECL<span class=\"_ _c\"></span>\u201d).<span class=\"_ _2\"></span> The assessment of whether ther<span class=\"_ _0\"></span>e has been a significant incr<span class=\"_ _0\"></span>ease in cr<span class=\"_ _0\"></span>edit risk,<span class=\"_ _2\"></span> such as an actual or significant change in instruments\u2019<span class=\"_ _2\"></span> ext<span class=\"_ _0\"></span>ernal cr<span class=\"_ _0\"></span>edit r<span class=\"_ _0\"></span>ating;<span class=\"_ _c\"></span> significant widening of cr<span class=\"_ _0\"></span>edit spr<span class=\"_ _0\"></span>ead;<span class=\"_ _c\"></span> changes in r<span class=\"_ _c\"></span>ates or terms of instrument;<span class=\"_ _2\"></span> existing or f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ecast adverse change in business,<span class=\"_ _2\"></span> financial or economic conditions that ar<span class=\"_ _c\"></span>e expected t<span class=\"_ _0\"></span>o cause a significant change in the count<span class=\"_ _0\"></span>erparty\u2019<span class=\"_ _c\"></span>s ability to meet its debt obligations;<span class=\"_ _c\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es consider<span class=\"_ _0\"></span>able judgement,<span class=\"_ _2\"></span> based on the lifetime pr<span class=\"_ _c\"></span>obability of default (\u201cPD\u201d).<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 and 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e held against performing loans;<span class=\"_ _2\"></span> the main diff<span class=\"_ _c\"></span>erence between st<span class=\"_ _c\"></span>age 1 and stage 2 allo<span class=\"_ _0\"></span>wances is the time horizon.<span class=\"_ _2\"></span> St<span class=\"_ _0\"></span>age 1 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD with a maxim<span class=\"_ _0\"></span>um period of 12 months,<span class=\"_ _2\"></span> while st<span class=\"_ _0\"></span>age 2 allow<span class=\"_ _0\"></span>ances ar<span class=\"_ _0\"></span>e estimated using the PD o<span class=\"_ _c\"></span>ver the r<span class=\"_ _0\"></span>emaining lifetime of the asset.<span class=\"_ _2d8\"> </span>IMP<span class=\"_ _c\"></span>AIRED FINANC<span class=\"_ _0\"></span>IAL<span class=\"_ _0\"></span> ASSETS <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">St<span class=\"_ _0\"></span>age 3:<span class=\"ff4\"> <span class=\"_ _0\"></span>When a financial asset is consider<span class=\"_ _0\"></span>ed to be cr<span class=\"_ _c\"></span>edit-impaired,<span class=\"_ _2\"></span> the allo<span class=\"_ _0\"></span>wance f<span class=\"_ _c\"></span>or credit losses (\u201c<span class=\"_ _2\"></span>ACL<span class=\"_ _2\"></span>\u201d) continues t<span class=\"_ _0\"></span>o repr<span class=\"_ _c\"></span>esent </span></span>lifetime e<span class=\"_ _0\"></span>xpected cr<span class=\"_ _c\"></span>edit losses;<span class=\"_ _c\"></span> howe<span class=\"_ _c\"></span>ver<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> inter<span class=\"_ _c\"></span>est income is calculated based on the amortised cost of the asset,<span class=\"_ _2\"></span> net of the loss allow<span class=\"_ _0\"></span>ance,<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>ather than its gr<span class=\"_ _0\"></span>oss carrying amount.<span class=\"_ _2d8\"> </span>APP<span class=\"_ _1\"></span>LICA<span class=\"_ _0\"></span>TIO<span class=\"_ _1\"></span>N OF T<span class=\"_ _1\"></span>HE I<span class=\"_ _1\"></span>MPAIR<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT M<span class=\"_ _1\"></span>ODE<span class=\"_ _1\"></span>L<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup applies IFRS 9\u2019<span class=\"_ _c\"></span>s ECL model to tw<span class=\"_ _0\"></span>o main types of financial assets that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at amor<span class=\"_ _1\"></span>tised cost or FV<span class=\"_ _c\"></span>OCI: <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Other r<span class=\"_ _0\"></span>eceivables,<span class=\"ff4\"> t<span class=\"_ _c\"></span>o which the simplified approach pr<span class=\"_ _c\"></span>escribed by IFRS 9 is applied.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This appr<span class=\"_ _0\"></span>oach r<span class=\"_ _0\"></span>equires the r<span class=\"_ _c\"></span>ecognition of a lifetime </span></span>ECL allow<span class=\"_ _0\"></span>ance on day one. <span class=\"_ _35\"></span>\u2212<span class=\"_ _108\"> </span><span class=\"ff2\">Debt securities,</span> t<span class=\"_ _0\"></span>o which the gener<span class=\"_ _0\"></span>al thr<span class=\"_ _0\"></span>ee-stage model (described abo<span class=\"_ _c\"></span>ve) is applied,<span class=\"_ _2\"></span> wher<span class=\"_ _0\"></span>eby a 12-month ECL is r<span class=\"_ _c\"></span>ecognised initially and the balance is monitor<span class=\"_ _c\"></span>ed for significant incr<span class=\"_ _c\"></span>eases in credit risk which triggers the r<span class=\"_ _c\"></span>ecognition of a lifetime ECL allow<span class=\"_ _c\"></span>ance.<span class=\"_ _2d8\"> </span>ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit losses<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The probability is det<span class=\"_ _c\"></span>ermined by the estimated risk of def<span class=\"_ _c\"></span>ault which is applied to the cash flow estimat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> On a significant increase in cr<span class=\"_ _c\"></span>edit risk,<span class=\"_ _2\"></span> from in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade to non-in<span class=\"_ _c\"></span>vestment gr<span class=\"_ _0\"></span>ade,<span class=\"_ _2\"></span> allow<span class=\"_ _c\"></span>ances are r<span class=\"_ _c\"></span>ecognised without a change in the expect<span class=\"_ _c\"></span>ed cash flows (although typically expect<span class=\"_ _0\"></span>ed cash flows do also change) and expect<span class=\"_ _c\"></span>ed credit losses ar<span class=\"_ _c\"></span>e r<span class=\"_ _0\"></span>ebased fr<span class=\"_ _0\"></span>om 12-month to lif<span class=\"_ _c\"></span>etime expectations<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>The measur<span class=\"_ _0\"></span>ement of ECLs considers information about past e<span class=\"_ _c\"></span>vents and curr<span class=\"_ _0\"></span>ent conditions,<span class=\"_ _2\"></span> as well as supportable inf<span class=\"_ _c\"></span>ormation about future ev<span class=\"_ _0\"></span>ents and economic conditions.<span class=\"_ _2d8\"> </span>PR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>SE<span class=\"_ _1\"></span>NTA<span class=\"_ _c\"></span>T<span class=\"_ _1\"></span>ION O<span class=\"_ _1\"></span>F IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT Loss allo<span class=\"_ _c\"></span>wances for financial assets measur<span class=\"_ _c\"></span>ed at amor<span class=\"_ _1\"></span>tised cost ar<span class=\"_ _0\"></span>e deducted fr<span class=\"_ _c\"></span>om the gross carrying amount of the assets.<span class=\"_ _2\"></span> F<span class=\"_ _0\"></span>or debt securities at FV<span class=\"_ _c\"></span>OCI,<span class=\"_ _2\"></span> the loss allowance is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account and accounted for as a tr<span class=\"_ _c\"></span>ansfer fr<span class=\"_ _c\"></span>om OCI to Pr<span class=\"_ _c\"></span>ofit or Loss,<span class=\"_ _2\"></span> instead of r<span class=\"_ _c\"></span>educing the carrying amount of the asset.<span class=\"_ _2\"></span> WR<span class=\"_ _1\"></span>ITE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>OF<span class=\"_ _1\"></span>FS Loans and debt securities ar<span class=\"_ _c\"></span>e written of<span class=\"_ _c\"></span>f (either par<span class=\"_ _1\"></span>tially or in full) when there is no r<span class=\"_ _c\"></span>ealistic prospect of the amount being r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>This is gener<span class=\"_ _0\"></span>ally the case when the Gr<span class=\"_ _0\"></span>oup concludes that the borr<span class=\"_ _c\"></span>ower does not hav<span class=\"_ _0\"></span>e assets or sour<span class=\"_ _0\"></span>ces of income that could gener<span class=\"_ _0\"></span>ate suf<span class=\"_ _c\"></span>ficient cash flows t<span class=\"_ _c\"></span>o repay the amounts subject t<span class=\"_ _c\"></span>o the write-of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DescriptionOfAccountingPolicyForCreditRisk",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-331": {
   "value": "4<span class=\"_ _1\"></span>.5. I<span class=\"_ _1\"></span>NVE<span class=\"_ _1\"></span>ST<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT I<span class=\"_ _1\"></span>NCO<span class=\"_ _1\"></span>ME<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Inv<span class=\"_ _c\"></span>estment income from debt instruments classified as FV<span class=\"_ _c\"></span>OCI are measur<span class=\"_ _c\"></span>ed using the eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e which allocates the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income or inter<span class=\"_ _c\"></span>est expense ov<span class=\"_ _c\"></span>er the expected lif<span class=\"_ _0\"></span>e of the asset or liability at the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that ex<span class=\"_ _0\"></span>actly discounts all estimated futur<span class=\"_ _c\"></span>e cash flows t<span class=\"_ _0\"></span>o equal the instrument\u2019<span class=\"_ _2\"></span>s initial carr<span class=\"_ _1\"></span>ying amount.<span class=\"_ _2\"></span> Calculation of the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate t<span class=\"_ _c\"></span>akes int<span class=\"_ _c\"></span>o account fees payable or r<span class=\"_ _c\"></span>eceivable that ar<span class=\"_ _0\"></span>e an integr<span class=\"_ _c\"></span>al par<span class=\"_ _1\"></span>t of the instrument\u2019<span class=\"_ _2\"></span>s yield,<span class=\"_ _2\"></span> premiums or discounts on acquisition or issue<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> early redemption f<span class=\"_ _c\"></span>ees and transaction costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>All contr<span class=\"_ _0\"></span>actual terms of a financial instrument ar<span class=\"_ _c\"></span>e considered when estimating futur<span class=\"_ _c\"></span>e cash flows.<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est income on financial assets using eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e method<span class=\"_ _2d8\"> </span>Inter<span class=\"_ _c\"></span>est income fr<span class=\"_ _0\"></span>om debt securities<span class=\"_ _244\"> </span><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,5<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></span><span class=\"ls1d ws1f\"><span class=\"_ gs41\"> </span>6,458<span class=\"_ gs41\"> </span></span>Inter<span class=\"_ _c\"></span>est income fr<span class=\"_ _0\"></span>om cash and cash equivalents<span class=\"_ _245\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,13<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _246\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>1<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span><span class=\"ff4 lse0 wsec\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _2d8\"> </span></span></span>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DisclosureOfInvestmentIncome",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-371": {
   "value": "<div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs419\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs41a\">Inv<span class=\"_ _c\"></span>estment income from debt instruments classified as FV<span class=\"_ _c\"></span>OCI are measur<span class=\"_ _c\"></span>ed using the eff<span class=\"_ _c\"></span>ective inter<span class=\"_ _c\"></span>est rat<span class=\"_ _c\"></span>e which allocates the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs41b\">income or inter<span class=\"_ _c\"></span>est expense ov<span class=\"_ _c\"></span>er the expected lif<span class=\"_ _0\"></span>e of the asset or liability at the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that ex<span class=\"_ _0\"></span>actly discounts all estimated futur<span class=\"_ _c\"></span>e cash flows t<span class=\"_ _0\"></span>o </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs41c\">equal the instrument\u2019<span class=\"_ _2\"></span>s initial carr<span class=\"_ _1\"></span>ying amount.<span class=\"_ _2\"></span> Calculation of the ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _c\"></span>e inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate t<span class=\"_ _c\"></span>akes int<span class=\"_ _c\"></span>o account fees payable or r<span class=\"_ _c\"></span>eceivable that </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs41d\">ar<span class=\"_ _0\"></span>e an integr<span class=\"_ _c\"></span>al par<span class=\"_ _1\"></span>t of the instrument\u2019<span class=\"_ _2\"></span>s yield,<span class=\"_ _2\"></span> premiums or discounts on acquisition or issue<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> early redemption f<span class=\"_ _c\"></span>ees and transaction costs<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>All </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs41e\">contr<span class=\"_ _0\"></span>actual terms of a financial instrument ar<span class=\"_ _c\"></span>e considered when estimating futur<span class=\"_ _c\"></span>e cash flows.<span class=\"_ _2d8\"> </span></div>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DescriptionOfAccountingPolicyForInvestmentIncome",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-332": {
   "value": "4<span class=\"_ _1\"></span>.6. N<span class=\"_ _1\"></span>ET GAIN<span class=\"_ _1\"></span>S/<span class=\"_ _2\"></span>(LOS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ES<span class=\"_ _1\"></span>) FRO<span class=\"_ _1\"></span>M FAIR V<span class=\"_ _c\"></span>A<span class=\"_ _1\"></span>LUE AD<span class=\"_ _1\"></span>JU<span class=\"_ _1\"></span>ST<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _1\"></span>S ON F<span class=\"_ _1\"></span>INAN<span class=\"_ _1\"></span>CIA<span class=\"_ _1\"></span>L ASS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>TS<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Profit or<span class=\"_ _0\"></span> Loss<span class=\"_ _2d8\"> </span>Realised gains on<span class=\"_ _0\"></span> derecognition of<span class=\"_ _0\"></span> debt securities<span class=\"_ _0\"></span> measured at FV<span class=\"_ _c\"></span>OCI<span class=\"_ _247\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Realised fair<span class=\"_ _0\"></span> value<span class=\"_ _c\"></span> g<span class=\"_ _1\"></span>ains o<span class=\"_ _0\"></span>n debt<span class=\"_ _0\"></span> securities reclassified t<span class=\"_ _0\"></span>o Profit<span class=\"_ _0\"></span> or Loss<span class=\"_ _248\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>7<span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Other Comprehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _249\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span></span></span>Unr<span class=\"_ _0\"></span>ealised fair v<span class=\"_ _c\"></span>alue gains on debt securities<span class=\"_ _24a\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>5,52<span class=\"_ _1\"></span>2<span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>76<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Realised gains on der<span class=\"_ _0\"></span>ecognition of debt securities r<span class=\"_ _0\"></span>eclassified to Pr<span class=\"_ _c\"></span>ofit or Loss<span class=\"_ _f3\"> </span><span class=\"ff2 ls63 wsa5\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(7)<span class=\"_ _122\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Expected cr<span class=\"_ _c\"></span>e<span class=\"_ _1\"></span>dit lo<span class=\"_ _0\"></span>ss<span class=\"_ _24b\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ gs102\"> </span><span class=\"_ _92\"> </span><span class=\"ff4\"><span class=\"_ gs41\"> </span>5<span class=\"_ gs41\"> </span></span></span>Unrealised f<span class=\"_ _c\"></span>air value gains on debt securities through Other Compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e Income<span class=\"_ _24c\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>518<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Net g<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>ns fr<span class=\"_ _1\"></span>om fa<span class=\"_ _1\"></span>ir val<span class=\"_ _1\"></span>ue a<span class=\"_ _1\"></span>djus<span class=\"_ _1\"></span>tm<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>s on fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l as<span class=\"_ _1\"></span>set<span class=\"_ _1\"></span>s<span class=\"_ _1cd\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>5,525<span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>74<span class=\"_ _2d8\"> </span></span></span>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DisclosureOfNetGainsLossesFromFairValueAdjustmentsOnFinancialAssets",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-385": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Mov<span class=\"_ _c\"></span>ements in the fair value of debt instruments classified as FV<span class=\"_ _c\"></span>OCI ar<span class=\"_ _0\"></span>e tak<span class=\"_ _c\"></span>en through OCI.<span class=\"_ _b\"></span> When the instruments ar<span class=\"_ _c\"></span>e derecognised,<span class=\"_ _2\"></span> the cumulativ<span class=\"_ _0\"></span>e gain or losses pr<span class=\"_ _0\"></span>eviously r<span class=\"_ _c\"></span>ecognised in OCI is reclassified t<span class=\"_ _c\"></span>o Profit or L<span class=\"_ _0\"></span>oss.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DescriptionOfAccountingPolicyForNetGainsLossesFromFairValueAdjustmentsOnFinancialAssets",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-313": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 lsf3 ws108 gs430\">5. P<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>Y<span class=\"_ _c\"></span>ABLE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs431\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs432\">Pay<span class=\"_ _c\"></span>ables are r<span class=\"_ _0\"></span>ecognised when the Gr<span class=\"_ _0\"></span>oup has a contr<span class=\"_ _0\"></span>actual obligation t<span class=\"_ _0\"></span>o deliver cash or another financial asset t<span class=\"_ _c\"></span>o another entity<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> or </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs433\">a contr<span class=\"_ _0\"></span>actual obligation to e<span class=\"_ _0\"></span>xchange financial assets or financial liabilities with another entity under conditions that ar<span class=\"_ _0\"></span>e pot<span class=\"_ _0\"></span>entially </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs434\">unfa<span class=\"_ _0\"></span>vour<span class=\"_ _c\"></span>able to the entity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> Payables ar<span class=\"_ _c\"></span>e carried at amor<span class=\"_ _1\"></span>tised cost.<span class=\"_ _2d8\"> </span></div><div class=\"gs435\"><table class=\"s w547 h86\" id=\"_2841ba10-dca5-43c8-86ff-1f25150590f2\"><tr><td></td><td class=\"c n x1d6 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y2663 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w548 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>rade and other cr<span class=\"_ _c\"></span>editors</div></td><td class=\"c n x7e5 y255c w549 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls5 ws7\"><span class=\"_ gs102\"> </span>8<span class=\"_ _1\"></span>94\ue01d<span class=\"_ _16f\"> </span></span><span class=\"lsfd ws113\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x7e6 y255c w54a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsfd ws113\">9<span class=\"_ _1\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w54b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other tax<span class=\"_ _c\"></span>es</div></td><td class=\"c n x7e7 y24bb w54c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _24d\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11e\"> </span></span></div></td><td class=\"c n x7e8 y24bb w54d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>,04<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w54e h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _24e\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x7e9 y24bc w54f h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">7,<span class=\"_ _1\"></span>0<span class=\"_ _1a\"> </span>4<span class=\"_ _8\"></span>8</div></td><td class=\"c n x7ea y2522 w550 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls8f ws92\"><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>5</span></span><span class=\"ls25 ws27\"><span class=\"ff4 ls4f ws51\"><span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-314": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls0 ws0 gs44b\">7<span class=\"_ _2\"></span>. OTHE<span class=\"_ _1\"></span>R I<span class=\"_ _1\"></span>NCOM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs44c\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs44d\">Other income consists of br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age fees r<span class=\"_ _c\"></span>esulting from the sale of ancillary pr<span class=\"_ _c\"></span>oducts connected to the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s direct business,<span class=\"_ _b\"></span> and other </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs44e\">non-insur<span class=\"_ _0\"></span>ance income such as administr<span class=\"_ _c\"></span>ative fees char<span class=\"_ _c\"></span>ged on direct business.<span class=\"_ _b\"></span> Such income is recognised once the r<span class=\"_ _c\"></span>elated service has </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs44f\">been performed.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>Typically<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> this will be at the point of sale of the pr<span class=\"_ _0\"></span>oduct.<span class=\"_ _2d8\"> </span></div><div class=\"gs450\"><table class=\"s w5d5 h94\" id=\"_7225a7fa-f4f0-44f7-8b41-618efbce9d22\"><tr><td></td><td class=\"c n x1d6 y26d0 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26d0 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y264e w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2658 w5d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Administr<span class=\"_ _0\"></span>ation fees</div></td><td class=\"c n x89a y2658 w5d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _254\"> </span><span class=\"ff2 lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>314</span></div></td><td class=\"c n x89b y26d2 w5d8 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"c n x1de y24bb w5d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and other fee income</div></td><td class=\"c n x89c y24bb w5da h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>323\ue01d</div></td><td class=\"c n x89d y24bb w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x89e y24cd w5db h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x89f y24bc w5dc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">74<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs451\">Br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and other fee income r<span class=\"_ _c\"></span>elates t<span class=\"_ _0\"></span>o auxiliary products and services.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls0 ws0 gs452\">8. OTH<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>PE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TI<span class=\"_ _1\"></span>NG E<span class=\"_ _1\"></span>XPE<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"gs453\"><table class=\"s w5dd h95\" id=\"_2a4ad3b7-2244-4195-8598-2c0ca7ba65e1\"><tr><td></td><td></td><td></td><td class=\"c n x1d6 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x1d8 y26d4 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ac y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ad y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d5 w5de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a0 y26d5 w98 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\">8<span class=\"_ _1\"></span>.1</div></td><td></td><td class=\"c n x8a1 y26d5 w5df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\"><span class=\"_ _e8\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,161<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span></span></div></td><td class=\"c n x8a2 y26d5 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a3 y26d5 w5e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,426\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d6 w5e1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>operty expenses</div></td><td></td><td></td><td class=\"c n x8a4 y26d6 w80 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>50<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x8a5 y26d6 w5e2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d7 w5e3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">IT expense,<span class=\"_ _2\"></span> including IT depr<span class=\"_ _c\"></span>eciation</div></td><td></td><td></td><td class=\"c n x8a6 y26d8 w5e4 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _257\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span><span class=\"ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a7 y26d7 w5e5 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls88 ws89\">6<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26d9 w5e6 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other depr<span class=\"_ _0\"></span>eciation<span class=\"_ _254\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8a8 y26da w5e7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7c\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a9 y26d9 w5e8 h6a\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26db w5e9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Industry levies</div></td><td></td><td></td><td class=\"c n x8aa y26db w5ea h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>670<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></div></td><td class=\"c n x8ab y26db w4f h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>94\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26dc w5eb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Policy servicing costs</div></td><td></td><td></td><td class=\"c n x8ac y26dd w5ec h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _258\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,13<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ad y26dc w19b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w41 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other oper<span class=\"_ _0\"></span>ating expenses</div></td><td></td><td></td><td class=\"c n x8ae y26b9 w5ed h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,5<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></div></td><td class=\"c n x8af y26b9 w39c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>3,39<span class=\"_ _1\"></span>9\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w5ee h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mov<span class=\"_ _c\"></span>ement in expected cr<span class=\"_ _c\"></span>edit loss on debt securities</div></td><td></td><td></td><td class=\"c n x8b0 y26ba w10b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3\ue01d</div></td><td></td><td class=\"c n x8b1 y26ba w10c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w5ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _25b\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b2 y255b w5f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">3<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y255b w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>35,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y255b w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26de ff4 fs7 fc2 sc0 ls0 ws0\">Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w5f1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _25c\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b5 y24bb w5f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">(<span class=\"_ _8\"></span>7,17<span class=\"_ _1\"></span>1)<span class=\"_ _15f\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8b6 y24bb w5f3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">(<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5f4 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\">T<span class=\"_ _c\"></span>otal operating e<span class=\"_ _0\"></span>xpenses</div></td><td></td><td class=\"c n x8b7 y24bc w4c7 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b8 y24bc w5f5 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\">9,8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y24bc w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>28,30<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\"><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\">5</span></span><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table></div>8.<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span> EMPL<span class=\"_ _c\"></span>O<span class=\"_ _c\"></span>YEE<span class=\"_ _0\"></span> <span class=\"_ _12\"> </span>EX<span class=\"_ _0\"></span>PENSES<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. PENSIO<span class=\"_ _0\"></span>NS<span class=\"_ _2d8\"> </span>For st<span class=\"_ _c\"></span>aff who wer<span class=\"_ _c\"></span>e employees on 8 F<span class=\"_ _c\"></span>ebruar<span class=\"_ _1\"></span>y 2002,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates a non-contribut<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>y defined contribution Gr<span class=\"_ _0\"></span>oup personal pension scheme.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The contribution by the Gr<span class=\"_ _c\"></span>oup depends on the age of the employee.<span class=\"_ _2d8\"> </span>For emplo<span class=\"_ _0\"></span>yees joining since 8 F<span class=\"_ _0\"></span>ebruary 2002,<span class=\"_ _2\"></span> the Group oper<span class=\"_ _c\"></span>ates a matched contribution Gr<span class=\"_ _c\"></span>oup personal pension scheme where the Gr<span class=\"_ _0\"></span>oup contributes an amount matc<span class=\"_ _0\"></span>hing the contribution made by the emplo<span class=\"_ _0\"></span>yee.<span class=\"_ _2d8\"> </span>Contributions to defined contribution sc<span class=\"_ _0\"></span>hemes ar<span class=\"_ _0\"></span>e recognised in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account in the period in which they become pay<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span>B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions during the vesting period.<span class=\"_ _2d8\"> </span>C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span>Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span>The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e rem<span class=\"_ _c\"></span>uneration of those emplo<span class=\"_ _0\"></span>yed b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s operations comprised:<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>W<span class=\"_ _c\"></span>ages and salaries<span class=\"_ _258\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>Social security expenses<span class=\"_ _25d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,9<span class=\"_ _8\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Contributions to defined contribution plans<span class=\"_ _25e\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>615<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>598<span class=\"_ gs41\"> </span></span>Equity-settled shar<span class=\"_ _0\"></span>e-based payment<span class=\"_ _228\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Other employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _25f\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5<span class=\"_ gs41\"> </span></span>Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _20f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,426<span class=\"_ gs41\"> </span></span></span>Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span>Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _260\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,19<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _10c\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>4,799)<span class=\"_ _2d8\"> </span></span>Employ<span class=\"_ _0\"></span>ee e<span class=\"_ _0\"></span>xpenses<span class=\"_ _240\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>27<span class=\"_ _2d8\"> </span></span></span><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs469\">8.<span class=\"_ _1\"></span>2. N<span class=\"_ _1\"></span>UM<span class=\"_ _1\"></span>B<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>F EM<span class=\"_ _1\"></span>PLOYEE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs46a\">The t<span class=\"_ _0\"></span>able below analyses the av<span class=\"_ _c\"></span>erage monthly number of persons emplo<span class=\"_ _c\"></span>yed by the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span></div><div class=\"gs46b\"><table class=\"s w5f6 h96\" id=\"_efb8d804-e959-4875-b77d-cc5e986b8ed8\"><tr><td></td><td class=\"c n x1d6 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w5f7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oper<span class=\"_ _0\"></span>ations</div></td><td class=\"c n x8b9 y26e0 w5f8 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _261\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ba y26df w5f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w5fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\">Support</div></td><td class=\"c n x8bb y24bb w5fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _a2\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8bc y24bb w5fc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _262\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8bd y24bc w5fe h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">17<span class=\"_ _1\"></span>3</div></td><td class=\"c n x8be y24cd w5ff h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _79\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td></tr></table></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls100 ws116 gs46c\">8.3.<span class=\"_ _c\"></span> DIRECTORS\u2019 REMUNER<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs46d\">Amounts paid to Dir<span class=\"_ _c\"></span>ectors ar<span class=\"_ _c\"></span>e disclosed within the <span class=\"_ _0\"></span>Annual Report on Direct<span class=\"_ _c\"></span>ors\u2019<span class=\"_ _2\"></span> Remuner<span class=\"_ _0\"></span>ation on pages 107 to 120.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls100 ws116 gs46e\">8.4. A<span class=\"_ _c\"></span>UDITOR\u2019S<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EMUNERA<span class=\"_ _0\"></span>TION<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs46f\">The t<span class=\"_ _0\"></span>able below analyses the <span class=\"_ _c\"></span>Audit<span class=\"_ _c\"></span>or\u2019<span class=\"_ _c\"></span>s r<span class=\"_ _0\"></span>emuner<span class=\"_ _c\"></span>ation in respect of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span></div><div class=\"gs470\"><table class=\"s w600 h97\" id=\"_98d1af9e-e18a-43b2-bfe4-b70a0e30c5d2\"><tr><td></td><td class=\"c n x1d6 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e3 w601 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of these financial stat<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8bf y26e3 w602 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _263\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></span></div></td><td class=\"c n x8c0 y26e3 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>20<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e4 w603 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of financial stat<span class=\"_ _c\"></span>ements of subsidiaries of the Group</div></td><td class=\"c n x8c1 y26e4 w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x8c2 y26e4 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>25<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w605 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal audit f<span class=\"_ _0\"></span>ees<span class=\"_ _265\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8c3 y2597 w606 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">4<span class=\"_ _8\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></div></td><td class=\"c n x8c4 y2597 w599 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w607 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fees f<span class=\"_ _c\"></span>or non-audit ser<span class=\"_ _1\"></span>vices \u2013 <span class=\"_ _c\"></span>Audit-r<span class=\"_ _0\"></span>elated assur<span class=\"_ _c\"></span>ance services</div></td><td class=\"c n x8c5 y26df w264 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89\ue01d</div></td><td class=\"c n x8c6 y26df w608 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w609 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal non-<span class=\"_ _1\"></span>audit fees</div></td><td class=\"c n x8c7 y24bb w60a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></div></td><td class=\"c n x8c8 y24bb w608 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w60b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal Audit<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>\u2019<span class=\"_ _c\"></span>s remuneration</div></td><td class=\"c n x8c9 y24bc w60c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>55<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _16f\"> </span><span class=\"ff4 ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ca y24bc w60d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls55 ws58\">5<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs471\">The abo<span class=\"_ _0\"></span>ve f<span class=\"_ _0\"></span>ees exclude irr<span class=\"_ _c\"></span>ecover<span class=\"_ _c\"></span>able <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _c\"></span>T of 20%.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-333": {
   "value": "7<span class=\"_ _2\"></span>. OTHE<span class=\"_ _1\"></span>R I<span class=\"_ _1\"></span>NCOM<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Other income consists of br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age fees r<span class=\"_ _c\"></span>esulting from the sale of ancillary pr<span class=\"_ _c\"></span>oducts connected to the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s direct business,<span class=\"_ _b\"></span> and other non-insur<span class=\"_ _0\"></span>ance income such as administr<span class=\"_ _c\"></span>ative fees char<span class=\"_ _c\"></span>ged on direct business.<span class=\"_ _b\"></span> Such income is recognised once the r<span class=\"_ _c\"></span>elated service has been performed.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>Typically<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> this will be at the point of sale of the pr<span class=\"_ _0\"></span>oduct.<span class=\"_ _2d8\"> </span><table class=\"s w5d5 h94\" id=\"_7225a7fa-f4f0-44f7-8b41-618efbce9d22\"><tr><td></td><td class=\"c n x1d6 y26d0 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26d0 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y264e w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y264e w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2658 w5d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Administr<span class=\"_ _0\"></span>ation fees</div></td><td class=\"c n x89a y2658 w5d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _254\"> </span><span class=\"ff2 lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>314</span></div></td><td class=\"c n x89b y26d2 w5d8 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"c n x1de y24bb w5d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and other fee income</div></td><td class=\"c n x89c y24bb w5da h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>323\ue01d</div></td><td class=\"c n x89d y24bb w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x89e y24cd w5db h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span><span class=\"ff4 ls98 ws9c\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x89f y24bc w5dc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls98 ws9c\">74<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age and other fee income r<span class=\"_ _c\"></span>elates t<span class=\"_ _0\"></span>o auxiliary products and services.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-348": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Other income consists of br<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age fees r<span class=\"_ _c\"></span>esulting from the sale of ancillary pr<span class=\"_ _c\"></span>oducts connected to the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s direct business,<span class=\"_ _b\"></span> and other non-insur<span class=\"_ _0\"></span>ance income such as administr<span class=\"_ _c\"></span>ative fees char<span class=\"_ _c\"></span>ged on direct business.<span class=\"_ _b\"></span> Such income is recognised once the r<span class=\"_ _c\"></span>elated service has been performed.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>Typically<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> this will be at the point of sale of the pr<span class=\"_ _0\"></span>oduct.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "sabreinsurgroupplc:DescriptionOfAccountingPolicyForOtherIncome",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-363": {
   "value": "8. OTH<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>PE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TI<span class=\"_ _1\"></span>NG E<span class=\"_ _1\"></span>XPE<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span><table class=\"s w5dd h95\" id=\"_2a4ad3b7-2244-4195-8598-2c0ca7ba65e1\"><tr><td></td><td></td><td></td><td class=\"c n x1d6 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x1d8 y26d4 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ac y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ad y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d5 w5de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a0 y26d5 w98 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\">8<span class=\"_ _1\"></span>.1</div></td><td></td><td class=\"c n x8a1 y26d5 w5df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\"><span class=\"_ _e8\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,161<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span></span></div></td><td class=\"c n x8a2 y26d5 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a3 y26d5 w5e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,426\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d6 w5e1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>operty expenses</div></td><td></td><td></td><td class=\"c n x8a4 y26d6 w80 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>50<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x8a5 y26d6 w5e2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d7 w5e3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">IT expense,<span class=\"_ _2\"></span> including IT depr<span class=\"_ _c\"></span>eciation</div></td><td></td><td></td><td class=\"c n x8a6 y26d8 w5e4 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _257\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span><span class=\"ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a7 y26d7 w5e5 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls88 ws89\">6<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26d9 w5e6 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other depr<span class=\"_ _0\"></span>eciation<span class=\"_ _254\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8a8 y26da w5e7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7c\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a9 y26d9 w5e8 h6a\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26db w5e9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Industry levies</div></td><td></td><td></td><td class=\"c n x8aa y26db w5ea h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>670<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></div></td><td class=\"c n x8ab y26db w4f h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>94\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26dc w5eb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Policy servicing costs</div></td><td></td><td></td><td class=\"c n x8ac y26dd w5ec h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _258\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,13<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ad y26dc w19b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w41 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other oper<span class=\"_ _0\"></span>ating expenses</div></td><td></td><td></td><td class=\"c n x8ae y26b9 w5ed h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,5<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></div></td><td class=\"c n x8af y26b9 w39c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>3,39<span class=\"_ _1\"></span>9\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w5ee h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mov<span class=\"_ _c\"></span>ement in expected cr<span class=\"_ _c\"></span>edit loss on debt securities</div></td><td></td><td></td><td class=\"c n x8b0 y26ba w10b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3\ue01d</div></td><td></td><td class=\"c n x8b1 y26ba w10c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w5ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _25b\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b2 y255b w5f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">3<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y255b w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>35,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y255b w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26de ff4 fs7 fc2 sc0 ls0 ws0\">Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w5f1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _25c\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b5 y24bb w5f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">(<span class=\"_ _8\"></span>7,17<span class=\"_ _1\"></span>1)<span class=\"_ _15f\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8b6 y24bb w5f3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">(<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5f4 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\">T<span class=\"_ _c\"></span>otal operating e<span class=\"_ _0\"></span>xpenses</div></td><td></td><td class=\"c n x8b7 y24bc w4c7 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b8 y24bc w5f5 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\">9,8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y24bc w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>28,30<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\"><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\">5</span></span><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table>8.<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span> EMPL<span class=\"_ _c\"></span>O<span class=\"_ _c\"></span>YEE<span class=\"_ _0\"></span> <span class=\"_ _12\"> </span>EX<span class=\"_ _0\"></span>PENSES<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. PENSIO<span class=\"_ _0\"></span>NS<span class=\"_ _2d8\"> </span>For st<span class=\"_ _c\"></span>aff who wer<span class=\"_ _c\"></span>e employees on 8 F<span class=\"_ _c\"></span>ebruar<span class=\"_ _1\"></span>y 2002,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates a non-contribut<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>y defined contribution Gr<span class=\"_ _0\"></span>oup personal pension scheme.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The contribution by the Gr<span class=\"_ _c\"></span>oup depends on the age of the employee.<span class=\"_ _2d8\"> </span>For emplo<span class=\"_ _0\"></span>yees joining since 8 F<span class=\"_ _0\"></span>ebruary 2002,<span class=\"_ _2\"></span> the Group oper<span class=\"_ _c\"></span>ates a matched contribution Gr<span class=\"_ _c\"></span>oup personal pension scheme where the Gr<span class=\"_ _0\"></span>oup contributes an amount matc<span class=\"_ _0\"></span>hing the contribution made by the emplo<span class=\"_ _0\"></span>yee.<span class=\"_ _2d8\"> </span>Contributions to defined contribution sc<span class=\"_ _0\"></span>hemes ar<span class=\"_ _0\"></span>e recognised in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account in the period in which they become pay<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span>B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions during the vesting period.<span class=\"_ _2d8\"> </span>C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span>Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span>The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e rem<span class=\"_ _c\"></span>uneration of those emplo<span class=\"_ _0\"></span>yed b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s operations comprised:<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>W<span class=\"_ _c\"></span>ages and salaries<span class=\"_ _258\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>Social security expenses<span class=\"_ _25d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,9<span class=\"_ _8\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Contributions to defined contribution plans<span class=\"_ _25e\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>615<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>598<span class=\"_ gs41\"> </span></span>Equity-settled shar<span class=\"_ _0\"></span>e-based payment<span class=\"_ _228\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Other employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _25f\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5<span class=\"_ gs41\"> </span></span>Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _20f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,426<span class=\"_ gs41\"> </span></span></span>Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span>Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _260\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,19<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _10c\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>4,799)<span class=\"_ _2d8\"> </span></span>Employ<span class=\"_ _0\"></span>ee e<span class=\"_ _0\"></span>xpenses<span class=\"_ _240\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>27<span class=\"_ _2d8\"> </span></span></span>8.<span class=\"_ _1\"></span>2. N<span class=\"_ _1\"></span>UM<span class=\"_ _1\"></span>B<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>F EM<span class=\"_ _1\"></span>PLOYEE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>The t<span class=\"_ _0\"></span>able below analyses the av<span class=\"_ _c\"></span>erage monthly number of persons emplo<span class=\"_ _c\"></span>yed by the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span><table class=\"s w5f6 h96\" id=\"_efb8d804-e959-4875-b77d-cc5e986b8ed8\"><tr><td></td><td class=\"c n x1d6 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w5f7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oper<span class=\"_ _0\"></span>ations</div></td><td class=\"c n x8b9 y26e0 w5f8 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _261\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ba y26df w5f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w5fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\">Support</div></td><td class=\"c n x8bb y24bb w5fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _a2\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8bc y24bb w5fc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _262\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8bd y24bc w5fe h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">17<span class=\"_ _1\"></span>3</div></td><td class=\"c n x8be y24cd w5ff h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _79\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td></tr></table>8.3.<span class=\"_ _c\"></span> DIRECTORS\u2019 REMUNER<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>Amounts paid to Dir<span class=\"_ _c\"></span>ectors ar<span class=\"_ _c\"></span>e disclosed within the <span class=\"_ _0\"></span>Annual Report on Direct<span class=\"_ _c\"></span>ors\u2019<span class=\"_ _2\"></span> Remuner<span class=\"_ _0\"></span>ation on pages 107 to 120.<span class=\"_ _2d8\"> </span>8.4. A<span class=\"_ _c\"></span>UDITOR\u2019S<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EMUNERA<span class=\"_ _0\"></span>TION<span class=\"_ _2d8\"> </span>The t<span class=\"_ _0\"></span>able below analyses the <span class=\"_ _c\"></span>Audit<span class=\"_ _c\"></span>or\u2019<span class=\"_ _c\"></span>s r<span class=\"_ _0\"></span>emuner<span class=\"_ _c\"></span>ation in respect of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span><table class=\"s w600 h97\" id=\"_98d1af9e-e18a-43b2-bfe4-b70a0e30c5d2\"><tr><td></td><td class=\"c n x1d6 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e3 w601 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of these financial stat<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8bf y26e3 w602 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _263\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></span></div></td><td class=\"c n x8c0 y26e3 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>20<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e4 w603 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of financial stat<span class=\"_ _c\"></span>ements of subsidiaries of the Group</div></td><td class=\"c n x8c1 y26e4 w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x8c2 y26e4 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>25<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w605 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal audit f<span class=\"_ _0\"></span>ees<span class=\"_ _265\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8c3 y2597 w606 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">4<span class=\"_ _8\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></div></td><td class=\"c n x8c4 y2597 w599 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w607 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fees f<span class=\"_ _c\"></span>or non-audit ser<span class=\"_ _1\"></span>vices \u2013 <span class=\"_ _c\"></span>Audit-r<span class=\"_ _0\"></span>elated assur<span class=\"_ _c\"></span>ance services</div></td><td class=\"c n x8c5 y26df w264 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89\ue01d</div></td><td class=\"c n x8c6 y26df w608 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w609 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal non-<span class=\"_ _1\"></span>audit fees</div></td><td class=\"c n x8c7 y24bb w60a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></div></td><td class=\"c n x8c8 y24bb w608 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w60b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal Audit<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>\u2019<span class=\"_ _c\"></span>s remuneration</div></td><td class=\"c n x8c9 y24bc w60c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>55<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _16f\"> </span><span class=\"ff4 ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ca y24bc w60d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls55 ws58\">5<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>The abo<span class=\"_ _0\"></span>ve f<span class=\"_ _0\"></span>ees exclude irr<span class=\"_ _c\"></span>ecover<span class=\"_ _c\"></span>able <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _c\"></span>T of 20%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-360": {
   "value": "8. OTH<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>PE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TI<span class=\"_ _1\"></span>NG E<span class=\"_ _1\"></span>XPE<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span><table class=\"s w5dd h95\" id=\"_2a4ad3b7-2244-4195-8598-2c0ca7ba65e1\"><tr><td></td><td></td><td></td><td class=\"c n x1d6 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x1d8 y26d4 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ac y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ad y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d5 w5de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a0 y26d5 w98 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\">8<span class=\"_ _1\"></span>.1</div></td><td></td><td class=\"c n x8a1 y26d5 w5df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\"><span class=\"_ _e8\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,161<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span></span></div></td><td class=\"c n x8a2 y26d5 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a3 y26d5 w5e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,426\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d6 w5e1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>operty expenses</div></td><td></td><td></td><td class=\"c n x8a4 y26d6 w80 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>50<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x8a5 y26d6 w5e2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d7 w5e3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">IT expense,<span class=\"_ _2\"></span> including IT depr<span class=\"_ _c\"></span>eciation</div></td><td></td><td></td><td class=\"c n x8a6 y26d8 w5e4 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _257\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span><span class=\"ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a7 y26d7 w5e5 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls88 ws89\">6<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26d9 w5e6 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other depr<span class=\"_ _0\"></span>eciation<span class=\"_ _254\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8a8 y26da w5e7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7c\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a9 y26d9 w5e8 h6a\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26db w5e9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Industry levies</div></td><td></td><td></td><td class=\"c n x8aa y26db w5ea h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>670<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></div></td><td class=\"c n x8ab y26db w4f h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>94\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26dc w5eb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Policy servicing costs</div></td><td></td><td></td><td class=\"c n x8ac y26dd w5ec h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _258\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,13<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ad y26dc w19b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w41 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other oper<span class=\"_ _0\"></span>ating expenses</div></td><td></td><td></td><td class=\"c n x8ae y26b9 w5ed h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,5<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></div></td><td class=\"c n x8af y26b9 w39c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>3,39<span class=\"_ _1\"></span>9\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w5ee h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mov<span class=\"_ _c\"></span>ement in expected cr<span class=\"_ _c\"></span>edit loss on debt securities</div></td><td></td><td></td><td class=\"c n x8b0 y26ba w10b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3\ue01d</div></td><td></td><td class=\"c n x8b1 y26ba w10c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w5ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _25b\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b2 y255b w5f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">3<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y255b w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>35,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y255b w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26de ff4 fs7 fc2 sc0 ls0 ws0\">Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w5f1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _25c\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b5 y24bb w5f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">(<span class=\"_ _8\"></span>7,17<span class=\"_ _1\"></span>1)<span class=\"_ _15f\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8b6 y24bb w5f3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">(<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5f4 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\">T<span class=\"_ _c\"></span>otal operating e<span class=\"_ _0\"></span>xpenses</div></td><td></td><td class=\"c n x8b7 y24bc w4c7 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b8 y24bc w5f5 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\">9,8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y24bc w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>28,30<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\"><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\">5</span></span><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table>8.<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span> EMPL<span class=\"_ _c\"></span>O<span class=\"_ _c\"></span>YEE<span class=\"_ _0\"></span> <span class=\"_ _12\"> </span>EX<span class=\"_ _0\"></span>PENSES<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. PENSIO<span class=\"_ _0\"></span>NS<span class=\"_ _2d8\"> </span>For st<span class=\"_ _c\"></span>aff who wer<span class=\"_ _c\"></span>e employees on 8 F<span class=\"_ _c\"></span>ebruar<span class=\"_ _1\"></span>y 2002,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates a non-contribut<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>y defined contribution Gr<span class=\"_ _0\"></span>oup personal pension scheme.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The contribution by the Gr<span class=\"_ _c\"></span>oup depends on the age of the employee.<span class=\"_ _2d8\"> </span>For emplo<span class=\"_ _0\"></span>yees joining since 8 F<span class=\"_ _0\"></span>ebruary 2002,<span class=\"_ _2\"></span> the Group oper<span class=\"_ _c\"></span>ates a matched contribution Gr<span class=\"_ _c\"></span>oup personal pension scheme where the Gr<span class=\"_ _0\"></span>oup contributes an amount matc<span class=\"_ _0\"></span>hing the contribution made by the emplo<span class=\"_ _0\"></span>yee.<span class=\"_ _2d8\"> </span>Contributions to defined contribution sc<span class=\"_ _0\"></span>hemes ar<span class=\"_ _0\"></span>e recognised in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account in the period in which they become pay<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span>B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions during the vesting period.<span class=\"_ _2d8\"> </span>C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span>Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span>The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e rem<span class=\"_ _c\"></span>uneration of those emplo<span class=\"_ _0\"></span>yed b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s operations comprised:<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>W<span class=\"_ _c\"></span>ages and salaries<span class=\"_ _258\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>Social security expenses<span class=\"_ _25d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,9<span class=\"_ _8\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Contributions to defined contribution plans<span class=\"_ _25e\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>615<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>598<span class=\"_ gs41\"> </span></span>Equity-settled shar<span class=\"_ _0\"></span>e-based payment<span class=\"_ _228\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Other employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _25f\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5<span class=\"_ gs41\"> </span></span>Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _20f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,426<span class=\"_ gs41\"> </span></span></span>Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span>Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _260\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,19<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _10c\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>4,799)<span class=\"_ _2d8\"> </span></span>Employ<span class=\"_ _0\"></span>ee e<span class=\"_ _0\"></span>xpenses<span class=\"_ _240\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>27<span class=\"_ _2d8\"> </span></span></span>8.<span class=\"_ _1\"></span>2. N<span class=\"_ _1\"></span>UM<span class=\"_ _1\"></span>B<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>F EM<span class=\"_ _1\"></span>PLOYEE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>The t<span class=\"_ _0\"></span>able below analyses the av<span class=\"_ _c\"></span>erage monthly number of persons emplo<span class=\"_ _c\"></span>yed by the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span><table class=\"s w5f6 h96\" id=\"_efb8d804-e959-4875-b77d-cc5e986b8ed8\"><tr><td></td><td class=\"c n x1d6 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w5f7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oper<span class=\"_ _0\"></span>ations</div></td><td class=\"c n x8b9 y26e0 w5f8 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _261\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ba y26df w5f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w5fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\">Support</div></td><td class=\"c n x8bb y24bb w5fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _a2\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8bc y24bb w5fc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _262\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8bd y24bc w5fe h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">17<span class=\"_ _1\"></span>3</div></td><td class=\"c n x8be y24cd w5ff h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _79\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td></tr></table>8.3.<span class=\"_ _c\"></span> DIRECTORS\u2019 REMUNER<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>Amounts paid to Dir<span class=\"_ _c\"></span>ectors ar<span class=\"_ _c\"></span>e disclosed within the <span class=\"_ _0\"></span>Annual Report on Direct<span class=\"_ _c\"></span>ors\u2019<span class=\"_ _2\"></span> Remuner<span class=\"_ _0\"></span>ation on pages 107 to 120.<span class=\"_ _2d8\"> </span>8.4. A<span class=\"_ _c\"></span>UDITOR\u2019S<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EMUNERA<span class=\"_ _0\"></span>TION<span class=\"_ _2d8\"> </span>The t<span class=\"_ _0\"></span>able below analyses the <span class=\"_ _c\"></span>Audit<span class=\"_ _c\"></span>or\u2019<span class=\"_ _c\"></span>s r<span class=\"_ _0\"></span>emuner<span class=\"_ _c\"></span>ation in respect of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span><table class=\"s w600 h97\" id=\"_98d1af9e-e18a-43b2-bfe4-b70a0e30c5d2\"><tr><td></td><td class=\"c n x1d6 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e3 w601 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of these financial stat<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8bf y26e3 w602 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _263\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></span></div></td><td class=\"c n x8c0 y26e3 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>20<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e4 w603 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of financial stat<span class=\"_ _c\"></span>ements of subsidiaries of the Group</div></td><td class=\"c n x8c1 y26e4 w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x8c2 y26e4 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>25<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w605 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal audit f<span class=\"_ _0\"></span>ees<span class=\"_ _265\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8c3 y2597 w606 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">4<span class=\"_ _8\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></div></td><td class=\"c n x8c4 y2597 w599 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w607 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fees f<span class=\"_ _c\"></span>or non-audit ser<span class=\"_ _1\"></span>vices \u2013 <span class=\"_ _c\"></span>Audit-r<span class=\"_ _0\"></span>elated assur<span class=\"_ _c\"></span>ance services</div></td><td class=\"c n x8c5 y26df w264 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89\ue01d</div></td><td class=\"c n x8c6 y26df w608 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w609 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal non-<span class=\"_ _1\"></span>audit fees</div></td><td class=\"c n x8c7 y24bb w60a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></div></td><td class=\"c n x8c8 y24bb w608 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w60b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal Audit<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>\u2019<span class=\"_ _c\"></span>s remuneration</div></td><td class=\"c n x8c9 y24bc w60c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>55<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _16f\"> </span><span class=\"ff4 ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ca y24bc w60d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls55 ws58\">5<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>The abo<span class=\"_ _0\"></span>ve f<span class=\"_ _0\"></span>ees exclude irr<span class=\"_ _c\"></span>ecover<span class=\"_ _c\"></span>able <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _c\"></span>T of 20%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-349": {
   "value": "8. OTH<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>PE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TI<span class=\"_ _1\"></span>NG E<span class=\"_ _1\"></span>XPE<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span><table class=\"s w5dd h95\" id=\"_2a4ad3b7-2244-4195-8598-2c0ca7ba65e1\"><tr><td></td><td></td><td></td><td class=\"c n x1d6 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x1d8 y26d4 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ac y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ad y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d5 w5de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a0 y26d5 w98 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\">8<span class=\"_ _1\"></span>.1</div></td><td></td><td class=\"c n x8a1 y26d5 w5df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\"><span class=\"_ _e8\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,161<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span></span></div></td><td class=\"c n x8a2 y26d5 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a3 y26d5 w5e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,426\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d6 w5e1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>operty expenses</div></td><td></td><td></td><td class=\"c n x8a4 y26d6 w80 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>50<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x8a5 y26d6 w5e2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d7 w5e3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">IT expense,<span class=\"_ _2\"></span> including IT depr<span class=\"_ _c\"></span>eciation</div></td><td></td><td></td><td class=\"c n x8a6 y26d8 w5e4 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _257\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span><span class=\"ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a7 y26d7 w5e5 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls88 ws89\">6<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26d9 w5e6 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other depr<span class=\"_ _0\"></span>eciation<span class=\"_ _254\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8a8 y26da w5e7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7c\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a9 y26d9 w5e8 h6a\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26db w5e9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Industry levies</div></td><td></td><td></td><td class=\"c n x8aa y26db w5ea h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>670<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></div></td><td class=\"c n x8ab y26db w4f h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>94\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26dc w5eb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Policy servicing costs</div></td><td></td><td></td><td class=\"c n x8ac y26dd w5ec h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _258\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,13<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ad y26dc w19b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w41 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other oper<span class=\"_ _0\"></span>ating expenses</div></td><td></td><td></td><td class=\"c n x8ae y26b9 w5ed h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,5<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></div></td><td class=\"c n x8af y26b9 w39c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>3,39<span class=\"_ _1\"></span>9\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w5ee h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mov<span class=\"_ _c\"></span>ement in expected cr<span class=\"_ _c\"></span>edit loss on debt securities</div></td><td></td><td></td><td class=\"c n x8b0 y26ba w10b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3\ue01d</div></td><td></td><td class=\"c n x8b1 y26ba w10c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w5ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _25b\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b2 y255b w5f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">3<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y255b w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>35,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y255b w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26de ff4 fs7 fc2 sc0 ls0 ws0\">Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w5f1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _25c\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b5 y24bb w5f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">(<span class=\"_ _8\"></span>7,17<span class=\"_ _1\"></span>1)<span class=\"_ _15f\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8b6 y24bb w5f3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">(<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5f4 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\">T<span class=\"_ _c\"></span>otal operating e<span class=\"_ _0\"></span>xpenses</div></td><td></td><td class=\"c n x8b7 y24bc w4c7 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b8 y24bc w5f5 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\">9,8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y24bc w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>28,30<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\"><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\">5</span></span><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table><div class=\"gs417\"><table class=\"s w618 h99\" id=\"_80157134-4df6-4948-9f30-aad6604f280a\"><tr><td></td><td class=\"t m0 x8d3 h29 y26e7 ff2 fs22 fc2 sc0 ls0 ws0\">Owner<span class=\"_ _0\"></span>- </td><td class=\"t m0 x262 h29 y26e7 ff2 fs22 fc2 sc0 ls0 ws0\">Office </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h29 y26e8 ff2 fs22 fc2 sc0 ls0 ws0\">occupied<span class=\"_ _2d8\"> </span></td><td class=\"c n x8d4 y26e9 w619 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">equipment<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d5 y26e9 w61a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">IT equipment<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d6 y26e9 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y26ea w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d7 y26ea w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d8 y26ea w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d9 y26ea w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y26eb ff2 fs7 fc2 sc0 lsd6 ws87\">Cost<span class=\"_ _c\"></span>/V<span class=\"_ _0\"></span>aluation<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y26ec w61b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x8da y26ed w61c h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls7e ws56\"><span class=\"_ gs102\"> </span>4,358<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span><span class=\"lsb2 wsbb\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8db y26ec w61d h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsb2 wsbb\">72<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _1b6\"> </span><span class=\"lsf5 ws106\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8dc y26ec w61e h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf5 ws106\">4<span class=\"_ _1\"></span>87\ue01d</div></td><td class=\"c n x8dd y26ec w127 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>5,5<span class=\"_ _1\"></span>65<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26ee w61f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Additions/Impr<span class=\"_ _0\"></span>ov<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8de y26ee w620 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8df y26ef w621 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls4b ws4e\">16<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _62\"> </span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8e0 y26ee w622 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">2<span class=\"_ _1\"></span>37\ue01d</div></td><td class=\"c n x8e1 y26ee w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>53\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26f0 w623 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Disposals</div></td><td class=\"c n x7a3 y26f0 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e2 y26f0 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e3 y26f0 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e4 y26f0 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f1 w624 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Rev<span class=\"_ _0\"></span>aluation</div></td><td class=\"c n x7ab y26f1 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e5 y26f1 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x601 y26f1 we0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e6 y26f1 we0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f2 w625 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x8e7 y26f2 w626 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7e ws56\"><span class=\"_ gs102\"> </span>4,358<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x8e8 y26f2 w627 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>73<span class=\"_ _1\"></span>6\ue01d<span class=\"_ _1b6\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e9 y26f2 w628 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsb2 wsbb\">72<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _8b\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8ea y26f2 w629 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y26f3 ff2 fs7 fc2 sc0 lsd1 ws3f\">Accumulat<span class=\"_ _0\"></span>ed depreciation<span class=\"_ _0\"></span> and impairment<span class=\"_ _26e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span></span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y26f4 w62a h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>25<span class=\"_ _233\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8eb y26f5 w62b h68\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsf1 ws102\">75<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8ec y26f4 w62c h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls65 ws65\">181<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x8ed y26f4 w62d h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>22\ue01d<span class=\"_ _8b\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8ee y26f4 w62e h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls9a ws9e\">1,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f6 w62f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Depr<span class=\"_ _0\"></span>eciation charge f<span class=\"_ _c\"></span>or the year</div></td><td class=\"c n x8ef y26f6 w630 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8f0 y26f6 w631 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></div></td><td class=\"c n x8f1 y26f6 w632 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>6\ue01d<span class=\"_ _16f\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8f2 y26f6 w633 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\">17<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f7 w623 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Disposals</div></td><td class=\"c n x7a3 y26f7 wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e2 y26f7 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e3 y26f7 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e4 y26f7 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f8 w634 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Impairment losses on r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation</div></td><td class=\"c n x8f3 y26f8 w419 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x8f4 y26f8 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x883 y26f8 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8f5 y26f8 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25c3 w625 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x8f6 y25c3 w635 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>75<span class=\"_ _8\"></span>8\ue01d</div></td><td class=\"c n x8f7 y25c3 w636 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs102\"> </span>294<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _d0\"> </span></div></td><td class=\"c n x8f8 y25c3 w80 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>88\ue01d</div></td><td class=\"c n x8f9 y25c3 w637 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>1,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y26f9 ff2 fs7 fc2 sc0 ls1d ws31\">Carrying amount<span class=\"_ _190\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span></span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w625 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x8fa y24bc w610 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>,60<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x8fb y24bc w604 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>42\ue01d</div></td><td class=\"c n x8fc y24bc w5da h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>236\ue01d</div></td><td class=\"c n x8fd y24bc w638 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>278<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><table class=\"s w639 h9a\" id=\"_d6f31c93-d36c-4cfc-9153-4080abd718f3\"><tr><td></td><td class=\"t m0 x8d3 h29 y26fa ff2 fs22 fc2 sc0 ls0 ws0\">Owner<span class=\"_ _0\"></span>- </td><td class=\"t m0 x262 h29 y26fa ff2 fs22 fc2 sc0 ls0 ws0\">Office </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h29 y26fb ff2 fs22 fc2 sc0 ls0 ws0\">occupied<span class=\"_ _2d8\"> </span></td><td class=\"c n x8d4 y26fc w619 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">equipment<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d5 y26fc w61a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">IT equipment<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d6 y26fc w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y26fd w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d7 y26fd w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d8 y26fd w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d9 y26fd w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y26fe ff2 fs7 fc2 sc0 lsd6 ws87\">Cost<span class=\"_ _c\"></span>/V<span class=\"_ _0\"></span>aluation<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y26ff w61b h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x8fe y26ff w63a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>,358</div></td><td class=\"c n x8ff y2700 w63b h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span><span class=\"_ _16f\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _dd\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x900 y26ff w63c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5c wsc2\">4<span class=\"_ _1\"></span>87<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x901 y26ff w63d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5,5<span class=\"_ _1\"></span>65\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2701 w61f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Additions/Impr<span class=\"_ _0\"></span>ov<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8de y2701 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x49b y2701 w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x902 y2701 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x903 y2701 w134 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2702 w623 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Disposals</div></td><td class=\"c n x7a3 y2702 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a4 y2702 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y2702 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x904 y2702 w134 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2703 w624 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Rev<span class=\"_ _0\"></span>aluation</div></td><td class=\"c n x7ab y2703 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ac y2703 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x905 y2703 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x906 y2703 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26f2 w625 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x907 y26f2 w5f3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4,358\ue01e</div></td><td class=\"c n x908 y2704 w63e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs41\"> </span>72<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x909 y26f2 w63c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5c wsc2\">4<span class=\"_ _1\"></span>87<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span></div></td><td class=\"c n x90a y26f2 w63f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>,56<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2705 ff2 fs7 fc2 sc0 lsd1 ws3f\">Accumulat<span class=\"_ _0\"></span>ed depreciation<span class=\"_ _0\"></span> and impairment<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y26f4 w640 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>24<span class=\"_ _270\"> </span><span class=\"ff4 ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x90b y26f4 w641 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls88 ws89\">75<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _ee\"> </span></div></td><td class=\"c n x90c y26f4 w642 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>68\ue01e<span class=\"_ _dd\"> </span><span class=\"lsfd ws113\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x909 y2706 w643 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsfd ws113\">3<span class=\"_ _1\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _188\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x90d y26f4 w644 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls49 ws49\">1<span class=\"_ _1\"></span>,17<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2707 w62f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Depr<span class=\"_ _0\"></span>eciation charge f<span class=\"_ _c\"></span>or the year</div></td><td class=\"c n x8ef y2707 w645 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _66\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x90e y2707 w646 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a6\"> </span></div></td><td class=\"c n x90f y2708 w647 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs41\"> </span>71<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x910 y2707 w648 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa7 wsab\">18<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2683 w623 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Disposals</div></td><td class=\"c n x7a3 y2683 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a4 y2683 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y2683 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x904 y2683 w134 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c1 w634 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Impairment losses on r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation</div></td><td class=\"c n x911 y25c1 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x912 y25c1 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x913 y25c1 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x914 y25c1 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c3 w649 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24<span class=\"_ _272\"> </span><span class=\"ff4 ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x915 y2709 w64a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls88 ws89\">75<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _79\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x916 y2709 w64b h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa7 wsab\">18<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x917 y25c3 w64c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">422\ue01e<span class=\"_ _a8\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x918 y25c3 w64d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse1 wsed\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y270a ff2 fs7 fc2 sc0 ls1d ws31\">Carrying amount<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w625 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x919 y24bc w88 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e</div></td><td class=\"c n x91a y24bc w64e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>539\ue01e</div></td><td class=\"c n x91b y24bc w64f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>65<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11f\"> </span></div></td><td class=\"c n x91c y24bc w88 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>,20<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table>The Gr<span class=\"_ _c\"></span>oup holds two owner<span class=\"_ _c\"></span>-occupied properties,<span class=\"_ _2\"></span> Sabr<span class=\"_ _0\"></span>e House and <span class=\"_ _2\"></span>The Old House,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e both managed by the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2\"></span> In accor<span class=\"_ _0\"></span>dance with the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s accounting policies,<span class=\"_ _2\"></span> owner<span class=\"_ _c\"></span>-occupied buildings are not depr<span class=\"_ _c\"></span>eciated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The pr<span class=\"_ _0\"></span>oper<span class=\"_ _1\"></span>ties ar<span class=\"_ _c\"></span>e measured at f<span class=\"_ _0\"></span>air value which is arrived at on the basis of a v<span class=\"_ _c\"></span>aluation carried out on 16 October 2023 by Hurst <span class=\"_ _c\"></span>W<span class=\"_ _0\"></span>arne and Partners LLP<span class=\"_ _b\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The valuation w<span class=\"_ _0\"></span>as carried out on an open-mark<span class=\"_ _0\"></span>et basis in accordance with the Ro<span class=\"_ _c\"></span>yal Institution of Charter<span class=\"_ _0\"></span>ed Survey<span class=\"_ _0\"></span>ors\u2019<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements,<span class=\"_ _2\"></span> which is deemed t<span class=\"_ _0\"></span>o equate t<span class=\"_ _c\"></span>o fair v<span class=\"_ _0\"></span>alue.<span class=\"_ _2\"></span> While tr<span class=\"_ _c\"></span>ansaction evidence underpins the valuation pr<span class=\"_ _c\"></span>ocess,<span class=\"_ _2\"></span> the definition of market v<span class=\"_ _c\"></span>alue,<span class=\"_ _2\"></span> including the commentary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in pr<span class=\"_ _0\"></span>actice r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es the valuer t<span class=\"_ _c\"></span>o reflect the r<span class=\"_ _c\"></span>ealities of the current mark<span class=\"_ _c\"></span>et.<span class=\"_ _2\"></span> In this context v<span class=\"_ _0\"></span>aluers must use their mark<span class=\"_ _c\"></span>et knowledge and pr<span class=\"_ _0\"></span>ofessional judgement and not r<span class=\"_ _0\"></span>ely only upon historical mark<span class=\"_ _c\"></span>et sentiment based on historical tr<span class=\"_ _c\"></span>ansactional comparables<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-334": {
   "value": "8. OTH<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>PE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TI<span class=\"_ _1\"></span>NG E<span class=\"_ _1\"></span>XPE<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span><table class=\"s w5dd h95\" id=\"_2a4ad3b7-2244-4195-8598-2c0ca7ba65e1\"><tr><td></td><td></td><td></td><td class=\"c n x1d6 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y26d3 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x1d8 y26d4 w15 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Notes<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ac y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6ad y26d4 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d5 w5de h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a0 y26d5 w98 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\">8<span class=\"_ _1\"></span>.1</div></td><td></td><td class=\"c n x8a1 y26d5 w5df h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsef ws101\"><span class=\"_ _e8\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,161<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span></span></div></td><td class=\"c n x8a2 y26d5 w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8a3 y26d5 w5e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">5,426\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d6 w5e1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>operty expenses</div></td><td></td><td></td><td class=\"c n x8a4 y26d6 w80 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>50<span class=\"_ _1\"></span>3\ue01d</div></td><td class=\"c n x8a5 y26d6 w5e2 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26d7 w5e3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">IT expense,<span class=\"_ _2\"></span> including IT depr<span class=\"_ _c\"></span>eciation</div></td><td></td><td></td><td class=\"c n x8a6 y26d8 w5e4 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _257\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></span><span class=\"ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a7 y26d7 w5e5 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls88 ws89\">6<span class=\"_ _1\"></span>,75<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26d9 w5e6 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other depr<span class=\"_ _0\"></span>eciation<span class=\"_ _254\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8a8 y26da w5e7 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7c\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8a9 y26d9 w5e8 h6a\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26db w5e9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Industry levies</div></td><td></td><td></td><td class=\"c n x8aa y26db w5ea h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>5<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>670<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _125\"> </span></div></td><td class=\"c n x8ab y26db w4f h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>5,<span class=\"_ _c\"></span>9<span class=\"_ _1\"></span>94\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26dc w5eb h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Policy servicing costs</div></td><td></td><td></td><td class=\"c n x8ac y26dd w5ec h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _258\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1a\"> </span>,13<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a8\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ad y26dc w19b h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse2 wsee\">3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26b9 w41 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Other oper<span class=\"_ _0\"></span>ating expenses</div></td><td></td><td></td><td class=\"c n x8ae y26b9 w5ed h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,5<span class=\"_ _1\"></span>05<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></div></td><td class=\"c n x8af y26b9 w39c h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>3,39<span class=\"_ _1\"></span>9\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w5ee h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Mov<span class=\"_ _c\"></span>ement in expected cr<span class=\"_ _c\"></span>edit loss on debt securities</div></td><td></td><td></td><td class=\"c n x8b0 y26ba w10b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3\ue01d</div></td><td></td><td class=\"c n x8b1 y26ba w10c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w5ef h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _25b\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b2 y255b w5f0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls25 ws27\">3<span class=\"_ _1\"></span>7,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>1<span class=\"_ _1a\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y255b w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>35,34<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y255b w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">6\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y26de ff4 fs7 fc2 sc0 ls0 ws0\">Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bb w5f1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _25c\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td></td><td class=\"c n x8b5 y24bb w5f2 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 ls25 ws27\">(<span class=\"_ _8\"></span>7,17<span class=\"_ _1\"></span>1)<span class=\"_ _15f\"> </span></span><span class=\"lse0 wsec\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8b6 y24bb w5f3 h5f\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse0 wsec\">(<span class=\"_ _8\"></span>7,<span class=\"_ _1a\"></span>0<span class=\"_ _1a\"></span>4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5f4 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\">T<span class=\"_ _c\"></span>otal operating e<span class=\"_ _0\"></span>xpenses</div></td><td></td><td class=\"c n x8b7 y24bc w4c7 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b8 y24bc w5f5 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls5b ws5c\">9,8<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></div></td><td class=\"c n x8b3 y24bc w5e0 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>28,30<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8b4 y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsad ws7c\"><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\">5</span></span><span class=\"ls5b ws5c\"><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span></span></span></div></td></tr></table>8.<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span> EMPL<span class=\"_ _c\"></span>O<span class=\"_ _c\"></span>YEE<span class=\"_ _0\"></span> <span class=\"_ _12\"> </span>EX<span class=\"_ _0\"></span>PENSES<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. PENSIO<span class=\"_ _0\"></span>NS<span class=\"_ _2d8\"> </span>For st<span class=\"_ _c\"></span>aff who wer<span class=\"_ _c\"></span>e employees on 8 F<span class=\"_ _c\"></span>ebruar<span class=\"_ _1\"></span>y 2002,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates a non-contribut<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>y defined contribution Gr<span class=\"_ _0\"></span>oup personal pension scheme.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The contribution by the Gr<span class=\"_ _c\"></span>oup depends on the age of the employee.<span class=\"_ _2d8\"> </span>For emplo<span class=\"_ _0\"></span>yees joining since 8 F<span class=\"_ _0\"></span>ebruary 2002,<span class=\"_ _2\"></span> the Group oper<span class=\"_ _c\"></span>ates a matched contribution Gr<span class=\"_ _c\"></span>oup personal pension scheme where the Gr<span class=\"_ _0\"></span>oup contributes an amount matc<span class=\"_ _0\"></span>hing the contribution made by the emplo<span class=\"_ _0\"></span>yee.<span class=\"_ _2d8\"> </span>Contributions to defined contribution sc<span class=\"_ _0\"></span>hemes ar<span class=\"_ _0\"></span>e recognised in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account in the period in which they become pay<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span>B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions during the vesting period.<span class=\"_ _2d8\"> </span>C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span>Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span>The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e rem<span class=\"_ _c\"></span>uneration of those emplo<span class=\"_ _0\"></span>yed b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s operations comprised:<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>W<span class=\"_ _c\"></span>ages and salaries<span class=\"_ _258\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>Social security expenses<span class=\"_ _25d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,9<span class=\"_ _8\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Contributions to defined contribution plans<span class=\"_ _25e\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>615<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>598<span class=\"_ gs41\"> </span></span>Equity-settled shar<span class=\"_ _0\"></span>e-based payment<span class=\"_ _228\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Other employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _25f\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5<span class=\"_ gs41\"> </span></span>Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _20f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,426<span class=\"_ gs41\"> </span></span></span>Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span>Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _260\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,19<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _10c\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>4,799)<span class=\"_ _2d8\"> </span></span>Employ<span class=\"_ _0\"></span>ee e<span class=\"_ _0\"></span>xpenses<span class=\"_ _240\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>27<span class=\"_ _2d8\"> </span></span></span>8.<span class=\"_ _1\"></span>2. N<span class=\"_ _1\"></span>UM<span class=\"_ _1\"></span>B<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>F EM<span class=\"_ _1\"></span>PLOYEE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>The t<span class=\"_ _0\"></span>able below analyses the av<span class=\"_ _c\"></span>erage monthly number of persons emplo<span class=\"_ _c\"></span>yed by the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span><table class=\"s w5f6 h96\" id=\"_efb8d804-e959-4875-b77d-cc5e986b8ed8\"><tr><td></td><td class=\"c n x1d6 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w5f7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oper<span class=\"_ _0\"></span>ations</div></td><td class=\"c n x8b9 y26e0 w5f8 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _261\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ba y26df w5f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w5fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\">Support</div></td><td class=\"c n x8bb y24bb w5fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _a2\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8bc y24bb w5fc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _262\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8bd y24bc w5fe h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">17<span class=\"_ _1\"></span>3</div></td><td class=\"c n x8be y24cd w5ff h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _79\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td></tr></table>8.3.<span class=\"_ _c\"></span> DIRECTORS\u2019 REMUNER<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TION<span class=\"_ _2d8\"> </span>Amounts paid to Dir<span class=\"_ _c\"></span>ectors ar<span class=\"_ _c\"></span>e disclosed within the <span class=\"_ _0\"></span>Annual Report on Direct<span class=\"_ _c\"></span>ors\u2019<span class=\"_ _2\"></span> Remuner<span class=\"_ _0\"></span>ation on pages 107 to 120.<span class=\"_ _2d8\"> </span>8.4. A<span class=\"_ _c\"></span>UDITOR\u2019S<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EMUNERA<span class=\"_ _0\"></span>TION<span class=\"_ _2d8\"> </span>The t<span class=\"_ _0\"></span>able below analyses the <span class=\"_ _c\"></span>Audit<span class=\"_ _c\"></span>or\u2019<span class=\"_ _c\"></span>s r<span class=\"_ _0\"></span>emuner<span class=\"_ _c\"></span>ation in respect of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span><table class=\"s w600 h97\" id=\"_98d1af9e-e18a-43b2-bfe4-b70a0e30c5d2\"><tr><td></td><td class=\"c n x1d6 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e3 w601 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of these financial stat<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8bf y26e3 w602 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _263\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></span></div></td><td class=\"c n x8c0 y26e3 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>20<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e4 w603 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of financial stat<span class=\"_ _c\"></span>ements of subsidiaries of the Group</div></td><td class=\"c n x8c1 y26e4 w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x8c2 y26e4 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>25<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w605 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal audit f<span class=\"_ _0\"></span>ees<span class=\"_ _265\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8c3 y2597 w606 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">4<span class=\"_ _8\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></div></td><td class=\"c n x8c4 y2597 w599 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w607 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fees f<span class=\"_ _c\"></span>or non-audit ser<span class=\"_ _1\"></span>vices \u2013 <span class=\"_ _c\"></span>Audit-r<span class=\"_ _0\"></span>elated assur<span class=\"_ _c\"></span>ance services</div></td><td class=\"c n x8c5 y26df w264 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89\ue01d</div></td><td class=\"c n x8c6 y26df w608 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w609 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal non-<span class=\"_ _1\"></span>audit fees</div></td><td class=\"c n x8c7 y24bb w60a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></div></td><td class=\"c n x8c8 y24bb w608 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w60b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal Audit<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>\u2019<span class=\"_ _c\"></span>s remuneration</div></td><td class=\"c n x8c9 y24bc w60c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>55<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _16f\"> </span><span class=\"ff4 ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ca y24bc w60d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls55 ws58\">5<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>The abo<span class=\"_ _0\"></span>ve f<span class=\"_ _0\"></span>ees exclude irr<span class=\"_ _c\"></span>ecover<span class=\"_ _c\"></span>able <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _c\"></span>T of 20%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-365": {
   "value": "8.<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span> EMPL<span class=\"_ _c\"></span>O<span class=\"_ _c\"></span>YEE<span class=\"_ _0\"></span> <span class=\"_ _12\"> </span>EX<span class=\"_ _0\"></span>PENSES<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. PENSIO<span class=\"_ _0\"></span>NS<span class=\"_ _2d8\"> </span>For st<span class=\"_ _c\"></span>aff who wer<span class=\"_ _c\"></span>e employees on 8 F<span class=\"_ _c\"></span>ebruar<span class=\"_ _1\"></span>y 2002,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates a non-contribut<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>y defined contribution Gr<span class=\"_ _0\"></span>oup personal pension scheme.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The contribution by the Gr<span class=\"_ _c\"></span>oup depends on the age of the employee.<span class=\"_ _2d8\"> </span>For emplo<span class=\"_ _0\"></span>yees joining since 8 F<span class=\"_ _0\"></span>ebruary 2002,<span class=\"_ _2\"></span> the Group oper<span class=\"_ _c\"></span>ates a matched contribution Gr<span class=\"_ _c\"></span>oup personal pension scheme where the Gr<span class=\"_ _0\"></span>oup contributes an amount matc<span class=\"_ _0\"></span>hing the contribution made by the emplo<span class=\"_ _0\"></span>yee.<span class=\"_ _2d8\"> </span>Contributions to defined contribution sc<span class=\"_ _0\"></span>hemes ar<span class=\"_ _0\"></span>e recognised in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account in the period in which they become pay<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span>B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions during the vesting period.<span class=\"_ _2d8\"> </span>C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span>Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span>The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e rem<span class=\"_ _c\"></span>uneration of those emplo<span class=\"_ _0\"></span>yed b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s operations comprised:<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>W<span class=\"_ _c\"></span>ages and salaries<span class=\"_ _258\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>Social security expenses<span class=\"_ _25d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,9<span class=\"_ _8\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Contributions to defined contribution plans<span class=\"_ _25e\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>615<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>598<span class=\"_ gs41\"> </span></span>Equity-settled shar<span class=\"_ _0\"></span>e-based payment<span class=\"_ _228\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Other employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _25f\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5<span class=\"_ gs41\"> </span></span>Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _20f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,426<span class=\"_ gs41\"> </span></span></span>Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span>Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _260\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,19<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _10c\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>4,799)<span class=\"_ _2d8\"> </span></span>Employ<span class=\"_ _0\"></span>ee e<span class=\"_ _0\"></span>xpenses<span class=\"_ _240\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>27<span class=\"_ _2d8\"> </span></span></span>8.<span class=\"_ _1\"></span>2. N<span class=\"_ _1\"></span>UM<span class=\"_ _1\"></span>B<span class=\"_ _1\"></span>ER O<span class=\"_ _1\"></span>F EM<span class=\"_ _1\"></span>PLOYEE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>The t<span class=\"_ _0\"></span>able below analyses the av<span class=\"_ _c\"></span>erage monthly number of persons emplo<span class=\"_ _c\"></span>yed by the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span><table class=\"s w5f6 h96\" id=\"_efb8d804-e959-4875-b77d-cc5e986b8ed8\"><tr><td></td><td class=\"c n x1d6 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26ab w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w5f7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Oper<span class=\"_ _0\"></span>ations</div></td><td class=\"c n x8b9 y26e0 w5f8 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _261\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ba y26df w5f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">13<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w5fa h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\">Support</div></td><td class=\"c n x8bb y24bb w5fb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _a2\"> </span></span><span class=\"lsf0 ws103\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8bc y24bb w5fc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsf0 ws103\">31<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w5fd h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l<span class=\"_ _262\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8bd y24bc w5fe h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lseb wsfd\">17<span class=\"_ _1\"></span>3</div></td><td class=\"c n x8be y24cd w5ff h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 lseb wsfd\"><span class=\"_ gs102\"> </span><span class=\"_ _79\"> </span><span class=\"ff4 ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>16<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-350": {
   "value": "8.<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _0\"></span> EMPL<span class=\"_ _c\"></span>O<span class=\"_ _c\"></span>YEE<span class=\"_ _0\"></span> <span class=\"_ _12\"> </span>EX<span class=\"_ _0\"></span>PENSES<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. PENSIO<span class=\"_ _0\"></span>NS<span class=\"_ _2d8\"> </span>For st<span class=\"_ _c\"></span>aff who wer<span class=\"_ _c\"></span>e employees on 8 F<span class=\"_ _c\"></span>ebruar<span class=\"_ _1\"></span>y 2002,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates a non-contribut<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>y defined contribution Gr<span class=\"_ _0\"></span>oup personal pension scheme.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The contribution by the Gr<span class=\"_ _c\"></span>oup depends on the age of the employee.<span class=\"_ _2d8\"> </span>For emplo<span class=\"_ _0\"></span>yees joining since 8 F<span class=\"_ _0\"></span>ebruary 2002,<span class=\"_ _2\"></span> the Group oper<span class=\"_ _c\"></span>ates a matched contribution Gr<span class=\"_ _c\"></span>oup personal pension scheme where the Gr<span class=\"_ _0\"></span>oup contributes an amount matc<span class=\"_ _0\"></span>hing the contribution made by the emplo<span class=\"_ _0\"></span>yee.<span class=\"_ _2d8\"> </span>Contributions to defined contribution sc<span class=\"_ _0\"></span>hemes ar<span class=\"_ _0\"></span>e recognised in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account in the period in which they become pay<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span>B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions during the vesting period.<span class=\"_ _2d8\"> </span>C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span>Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span>The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e rem<span class=\"_ _c\"></span>uneration of those emplo<span class=\"_ _0\"></span>yed b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s operations comprised:<span class=\"_ _2d8\"> </span>2025<span class=\"_ _a0\"> </span>2024<span class=\"_ _2d8\"> </span>\u00a3\u2019k<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>W<span class=\"_ _c\"></span>ages and salaries<span class=\"_ _258\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _43\"> </span></span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1a\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span>Social security expenses<span class=\"_ _25d\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,9<span class=\"_ _8\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Contributions to defined contribution plans<span class=\"_ _25e\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>615<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>598<span class=\"_ gs41\"> </span></span>Equity-settled shar<span class=\"_ _0\"></span>e-based payment<span class=\"_ _228\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _aa\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span>Other employ<span class=\"_ _0\"></span>ee expenses<span class=\"_ _25f\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>11<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span>42<span class=\"_ _1\"></span>5<span class=\"_ gs41\"> </span></span>Before ad<span class=\"_ _0\"></span>justment for<span class=\"_ _0\"></span> directly attributable claims<span class=\"_ _0\"></span> expenses<span class=\"_ _20f\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>5,426<span class=\"_ gs41\"> </span></span></span>Adjusted f<span class=\"_ _c\"></span>or:<span class=\"_ _2d8\"> </span>Reclassification of dir<span class=\"_ _0\"></span>ectly attribut<span class=\"_ _0\"></span>able claims expenses<span class=\"_ _260\"> </span><span class=\"ff2 lse1 wsed\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>,19<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _10c\"> </span></span><span class=\"ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>4,799)<span class=\"_ _2d8\"> </span></span>Employ<span class=\"_ _0\"></span>ee e<span class=\"_ _0\"></span>xpenses<span class=\"_ _240\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ff4 ls5d wsf2\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>10<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>27<span class=\"_ _2d8\"> </span></span></span><span class=\"lsa0 wsa2\"><span class=\"ff4 ls5d wsf2\"><span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-372": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. PENSIO<span class=\"_ _0\"></span>NS<span class=\"_ _2d8\"> </span>For st<span class=\"_ _c\"></span>aff who wer<span class=\"_ _c\"></span>e employees on 8 F<span class=\"_ _c\"></span>ebruar<span class=\"_ _1\"></span>y 2002,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates a non-contribut<span class=\"_ _c\"></span>or<span class=\"_ _1\"></span>y defined contribution Gr<span class=\"_ _0\"></span>oup personal pension scheme.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The contribution by the Gr<span class=\"_ _c\"></span>oup depends on the age of the employee.<span class=\"_ _2d8\"> </span>For emplo<span class=\"_ _0\"></span>yees joining since 8 F<span class=\"_ _0\"></span>ebruary 2002,<span class=\"_ _2\"></span> the Group oper<span class=\"_ _c\"></span>ates a matched contribution Gr<span class=\"_ _c\"></span>oup personal pension scheme where the Gr<span class=\"_ _0\"></span>oup contributes an amount matc<span class=\"_ _0\"></span>hing the contribution made by the emplo<span class=\"_ _0\"></span>yee.<span class=\"_ _2d8\"> </span>Contributions to defined contribution sc<span class=\"_ _0\"></span>hemes ar<span class=\"_ _0\"></span>e recognised in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account in the period in which they become pay<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span>B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions during the vesting period.<span class=\"_ _2d8\"> </span>C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span>Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-378": {
   "value": "B. SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS<span class=\"_ _2d8\"> </span>The f<span class=\"_ _0\"></span>air value of equity instruments gr<span class=\"_ _c\"></span>anted under shar<span class=\"_ _c\"></span>e-based payment plans are r<span class=\"_ _c\"></span>ecognised as an expense and spread o<span class=\"_ _c\"></span>ver the vesting period of the instrument.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The tot<span class=\"_ _0\"></span>al amount to be e<span class=\"_ _0\"></span>xpensed is det<span class=\"_ _0\"></span>ermined by r<span class=\"_ _c\"></span>efer<span class=\"_ _0\"></span>ence to the f<span class=\"_ _c\"></span>air value of the awar<span class=\"_ _c\"></span>ds made at the grant date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> excluding the impact of an<span class=\"_ _0\"></span>y non-mark<span class=\"_ _0\"></span>et vesting conditions<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Depending on the plan,<span class=\"_ _2\"></span> the fair v<span class=\"_ _0\"></span>alue of equity instruments gr<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ed is measur<span class=\"_ _0\"></span>ed on gr<span class=\"_ _0\"></span>ant date using an appr<span class=\"_ _c\"></span>opriate v<span class=\"_ _0\"></span>aluation model or the mark<span class=\"_ _0\"></span>et price on gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>At the dat<span class=\"_ _0\"></span>e of each Stat<span class=\"_ _c\"></span>ement of Financial Position,<span class=\"_ _2\"></span> the Gr<span class=\"_ _c\"></span>oup re<span class=\"_ _0\"></span>vises its estimate of the n<span class=\"_ _0\"></span>umber of equity instruments that ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to become e<span class=\"_ _0\"></span>xer<span class=\"_ _c\"></span>cisable.<span class=\"_ _2\"></span> It r<span class=\"_ _0\"></span>ecognises the impact of the r<span class=\"_ _0\"></span>evision of original estimat<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> if an<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in the Profit or L<span class=\"_ _c\"></span>oss Account,<span class=\"_ _2\"></span> and a corr<span class=\"_ _c\"></span>esponding adjustment is made to equity o<span class=\"_ _0\"></span>ver the r<span class=\"_ _0\"></span>emaining vesting period.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _c\"></span>alue of the awards and ultimat<span class=\"_ _c\"></span>e expense ar<span class=\"_ _0\"></span>e not adjusted on a change in mark<span class=\"_ _c\"></span>et vesting conditions during the vesting period.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-379": {
   "value": "C. LEA<span class=\"_ _0\"></span>VE PA<span class=\"_ _2\"></span>Y<span class=\"_ _2d8\"> </span>Employ<span class=\"_ _0\"></span>ee entitlement t<span class=\"_ _0\"></span>o annual leav<span class=\"_ _0\"></span>e is r<span class=\"_ _0\"></span>ecognised when it accrues to emplo<span class=\"_ _c\"></span>yees.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An accrual is made for the estimat<span class=\"_ _0\"></span>ed liability for ann<span class=\"_ _0\"></span>ual leav<span class=\"_ _0\"></span>e as a result of services r<span class=\"_ _c\"></span>endered by emplo<span class=\"_ _c\"></span>yees up to the St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-351": {
   "value": "8.4. A<span class=\"_ _c\"></span>UDITOR\u2019S<span class=\"_ _c\"></span> R<span class=\"_ _1\"></span>EMUNERA<span class=\"_ _0\"></span>TION<span class=\"_ _2d8\"> </span>The t<span class=\"_ _0\"></span>able below analyses the <span class=\"_ _c\"></span>Audit<span class=\"_ _c\"></span>or\u2019<span class=\"_ _c\"></span>s r<span class=\"_ _0\"></span>emuner<span class=\"_ _c\"></span>ation in respect of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s oper<span class=\"_ _0\"></span>ations.<span class=\"_ _2d8\"> </span><table class=\"s w600 h97\" id=\"_98d1af9e-e18a-43b2-bfe4-b70a0e30c5d2\"><tr><td></td><td class=\"c n x1d6 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e1 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e2 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e2 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e3 w601 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of these financial stat<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8bf y26e3 w602 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _263\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></span></div></td><td class=\"c n x8c0 y26e3 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>20<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26e4 w603 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>udit of financial stat<span class=\"_ _c\"></span>ements of subsidiaries of the Group</div></td><td class=\"c n x8c1 y26e4 w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>24<span class=\"_ _1\"></span>8\ue01d</div></td><td class=\"c n x8c2 y26e4 w144 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>25<span class=\"_ _1\"></span>3\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w605 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal audit f<span class=\"_ _0\"></span>ees<span class=\"_ _265\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8c3 y2597 w606 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">4<span class=\"_ _8\"></span>61<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></div></td><td class=\"c n x8c4 y2597 w599 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>58\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w607 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Fees f<span class=\"_ _c\"></span>or non-audit ser<span class=\"_ _1\"></span>vices \u2013 <span class=\"_ _c\"></span>Audit-r<span class=\"_ _0\"></span>elated assur<span class=\"_ _c\"></span>ance services</div></td><td class=\"c n x8c5 y26df w264 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89\ue01d</div></td><td class=\"c n x8c6 y26df w608 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w609 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal non-<span class=\"_ _1\"></span>audit fees</div></td><td class=\"c n x8c7 y24bb w60a h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>89<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></div></td><td class=\"c n x8c8 y24bb w608 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs41\"> </span>89\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w60b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsd6 ws14\">T<span class=\"_ _c\"></span>otal Audit<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>\u2019<span class=\"_ _c\"></span>s remuneration</div></td><td class=\"c n x8c9 y24bc w60c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>55<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _16f\"> </span><span class=\"ff4 ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x8ca y24bc w60d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls55 ws58\">5<span class=\"_ _8\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>The abo<span class=\"_ _0\"></span>ve f<span class=\"_ _0\"></span>ees exclude irr<span class=\"_ _c\"></span>ecover<span class=\"_ _c\"></span>able <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>A<span class=\"_ _c\"></span>T of 20%.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-315": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls0 ws0 gs473\">9<span class=\"_ _c\"></span>. PR<span class=\"_ _1\"></span>OPE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>Y<span class=\"_ _c\"></span>, PL<span class=\"_ _1\"></span>ANT AN<span class=\"_ _1\"></span>D EQ<span class=\"_ _1\"></span>UI<span class=\"_ _1\"></span>PM<span class=\"_ _1\"></span>ENT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs474\">Pr<span class=\"_ _0\"></span>operty<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> plant and equipment consists of owned and leased assets that do not meet the definition of inv<span class=\"_ _c\"></span>estment property<span class=\"_ _c\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"gs475\"><table class=\"s w60e h98\" id=\"_9adc7ea0-4f38-4ea7-b343-4b0a07a9c8e0\"><tr><td></td><td class=\"c n x1d6 y26e5 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e5 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e6 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w60f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Owner<span class=\"_ _c\"></span>-occupied property</div></td><td class=\"c n x8cb y2597 w610 h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x8cc y2597 w611 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w612 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Of<span class=\"_ _0\"></span>fice equipment</div></td><td class=\"c n x8cd y26df w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>42\ue01d</div></td><td class=\"c n x8ce y26df w613 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>539<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w614 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">IT equipment</div></td><td class=\"c n x8cf y24bb w615 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>236<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></div></td><td class=\"c n x8d0 y24bb w616 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x8d1 y24bc w617 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>278<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _8b\"> </span></div></td><td class=\"c n x8d2 y24bc w1a4 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4,20<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h8 ff3 fs6 fc5 sc0 ls1d ws1f gs476\">A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsa8 wsac gs477\">A. OWNER-<span class=\"_ _1\"></span>OCCUPIE<span class=\"_ _1\"></span>D PROPERT<span class=\"_ _1\"></span>Y<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs478\">Owner<span class=\"_ _c\"></span>-occupied properties are held b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup for use in the supply of services or<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> for its own administr<span class=\"_ _c\"></span>ation purposes.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs479\">Owner<span class=\"_ _c\"></span>-occupied property is held at fair v<span class=\"_ _0\"></span>alue.<span class=\"_ _2\"></span> Incr<span class=\"_ _0\"></span>eases in the carrying amount of owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties as a result of r<span class=\"_ _c\"></span>evaluations </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs47a\">ar<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o Other Comprehensiv<span class=\"_ _0\"></span>e Income and accumulat<span class=\"_ _0\"></span>ed in a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve in equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o the ext<span class=\"_ _0\"></span>ent that a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation incr<span class=\"_ _0\"></span>ease </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs47b\">r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erses a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation decr<span class=\"_ _0\"></span>ease that was pr<span class=\"_ _c\"></span>eviously recognised as an e<span class=\"_ _0\"></span>xpense in Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such incr<span class=\"_ _0\"></span>ease is cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o income in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs47c\">Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Decr<span class=\"_ _0\"></span>eases in valuation ar<span class=\"_ _c\"></span>e charged t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> except t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that a decr<span class=\"_ _0\"></span>ease r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erses the existing accumulat<span class=\"_ _c\"></span>ed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs47d\">r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e such a decrease is r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs47e\">A fair v<span class=\"_ _c\"></span>alue assessment of the owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty is under<span class=\"_ _1\"></span>tak<span class=\"_ _c\"></span>en at each reporting date with an<span class=\"_ _c\"></span>y material changes in f<span class=\"_ _0\"></span>air value </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs47f\">r<span class=\"_ _0\"></span>ecognised.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>aluation is at highest and best use.<span class=\"_ _2\"></span> Owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty is also rev<span class=\"_ _c\"></span>alued by an ext<span class=\"_ _0\"></span>ernal qualified survey<span class=\"_ _0\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> at least ev<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs480\">thr<span class=\"_ _0\"></span>ee years<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> UK pr<span class=\"_ _0\"></span>oper<span class=\"_ _1\"></span>ties do not hav<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>equent and volatile f<span class=\"_ _c\"></span>air value changes and,<span class=\"_ _2\"></span> as such,<span class=\"_ _2\"></span> mor<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>equent r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluations ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs481\">unnecessary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> as only insignificant changes in fair v<span class=\"_ _0\"></span>alue is expect<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs482\">Owner<span class=\"_ _c\"></span>-occupied land is not depreciat<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As the depr<span class=\"_ _0\"></span>eciation of owner<span class=\"_ _c\"></span>-occupied buildings is immaterial and pr<span class=\"_ _c\"></span>oper<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>alued ev<span class=\"_ _0\"></span>ery </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs483\">thr<span class=\"_ _0\"></span>ee years b<span class=\"_ _0\"></span>y an ext<span class=\"_ _0\"></span>ernal qualified survey<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> no depreciation is char<span class=\"_ _0\"></span>ged on owner<span class=\"_ _c\"></span>-occupied buildings.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs484\">B. O<span class=\"_ _1\"></span>FF<span class=\"_ _1\"></span>ICE A<span class=\"_ _1\"></span>ND IT E<span class=\"_ _1\"></span>QU<span class=\"_ _1\"></span>IP<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs485\">Of<span class=\"_ _0\"></span>fice and IT equipment are st<span class=\"_ _c\"></span>ated at hist<span class=\"_ _0\"></span>orical cost less accumulat<span class=\"_ _c\"></span>ed depreciation and impairment char<span class=\"_ _0\"></span>ges.<span class=\"_ _2\"></span> Hist<span class=\"_ _0\"></span>orical cost includes </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs486\">expenditur<span class=\"_ _c\"></span>e that is directly attribut<span class=\"_ _0\"></span>able to the acquisition of pr<span class=\"_ _c\"></span>oper<span class=\"_ _1\"></span>ty and equipment.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs487\">Depr<span class=\"_ _0\"></span>eciation is calculated on the dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the cost and r<span class=\"_ _c\"></span>esidual value of the asset and is char<span class=\"_ _0\"></span>ged to the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs488\">ov<span class=\"_ _c\"></span>er the estimated useful life of eac<span class=\"_ _0\"></span>h significant par<span class=\"_ _1\"></span>t of an it<span class=\"_ _0\"></span>em of fixtur<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> fittings and IT equipment,<span class=\"_ _2\"></span> using the str<span class=\"_ _c\"></span>aight-line basis.<span class=\"_ _2\"></span> </div>Estimated useful liv<span class=\"_ _c\"></span>es are as f<span class=\"_ _0\"></span>ollows:<span class=\"_ _2d8\"> </span>Of<span class=\"_ _0\"></span>fice equipment <span class=\"_ _11a\"> </span>3 to 10 years<span class=\"_ _2d8\"> </span>IT equipment <span class=\"_ _202\"> </span> <span class=\"_ _5e\"> </span>3 to 5 years<span class=\"_ _2d8\"> </span>The assets\u2019<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>esidual values and useful liv<span class=\"_ _c\"></span>es are r<span class=\"_ _c\"></span>eviewed at each St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e and adjusted if appr<span class=\"_ _c\"></span>opriate.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An asset\u2019<span class=\"_ _c\"></span>s carrying amount is written down t<span class=\"_ _c\"></span>o its reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount if the asset\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _1\"></span>ying amount is gr<span class=\"_ _0\"></span>eater than its estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount.<span class=\"_ _2\"></span> Gains and losses on disposals ar<span class=\"_ _0\"></span>e determined b<span class=\"_ _c\"></span>y comparing the proceeds with the carrying amount of the assets and are inc<span class=\"_ _0\"></span>luded in Pr<span class=\"_ _0\"></span>ofit or Loss bef<span class=\"_ _c\"></span>ore t<span class=\"_ _0\"></span>ax.<span class=\"_ _2d8\"> </span>Repairs and maintenance costs ar<span class=\"_ _c\"></span>e charged t<span class=\"_ _c\"></span>o the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account during the financial year in which they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The cost of major r<span class=\"_ _0\"></span>enov<span class=\"_ _0\"></span>ations is included in the carrying amount of the asset when it is pr<span class=\"_ _0\"></span>obable that future economic benefits fr<span class=\"_ _c\"></span>om the r<span class=\"_ _0\"></span>enov<span class=\"_ _0\"></span>ations will flow t<span class=\"_ _c\"></span>o the Group<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span><table class=\"s w618 h99\" id=\"_80157134-4df6-4948-9f30-aad6604f280a\"><tr><td></td><td class=\"t m0 x8d3 h29 y26e7 ff2 fs22 fc2 sc0 ls0 ws0\">Owner<span class=\"_ _0\"></span>- </td><td class=\"t m0 x262 h29 y26e7 ff2 fs22 fc2 sc0 ls0 ws0\">Office </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h29 y26e8 ff2 fs22 fc2 sc0 ls0 ws0\">occupied<span class=\"_ _2d8\"> </span></td><td class=\"c n x8d4 y26e9 w619 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">equipment<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d5 y26e9 w61a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">IT equipment<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d6 y26e9 w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y26ea w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d7 y26ea w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d8 y26ea w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d9 y26ea w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y26eb ff2 fs7 fc2 sc0 lsd6 ws87\">Cost<span class=\"_ _c\"></span>/V<span class=\"_ _0\"></span>aluation<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y26ec w61b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x8da y26ed w61c h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls7e ws56\"><span class=\"_ gs102\"> </span>4,358<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span><span class=\"lsb2 wsbb\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8db y26ec w61d h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsb2 wsbb\">72<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _1b6\"> </span><span class=\"lsf5 ws106\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8dc y26ec w61e h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf5 ws106\">4<span class=\"_ _1\"></span>87\ue01d</div></td><td class=\"c n x8dd y26ec w127 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>5,5<span class=\"_ _1\"></span>65<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26ee w61f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Additions/Impr<span class=\"_ _0\"></span>ov<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8de y26ee w620 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span><span class=\"ls4b ws4e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8df y26ef w621 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls4b ws4e\">16<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _62\"> </span><span class=\"lsbf wsc9\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8e0 y26ee w622 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">2<span class=\"_ _1\"></span>37\ue01d</div></td><td class=\"c n x8e1 y26ee w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>53\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26f0 w623 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Disposals</div></td><td class=\"c n x7a3 y26f0 wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e2 y26f0 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e3 y26f0 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e4 y26f0 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f1 w624 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Rev<span class=\"_ _0\"></span>aluation</div></td><td class=\"c n x7ab y26f1 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e5 y26f1 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x601 y26f1 we0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e6 y26f1 we0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f2 w625 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x8e7 y26f2 w626 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7e ws56\"><span class=\"_ gs102\"> </span>4,358<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x8e8 y26f2 w627 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>73<span class=\"_ _1\"></span>6\ue01d<span class=\"_ _1b6\"> </span><span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e9 y26f2 w628 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsb2 wsbb\">72<span class=\"_ _1\"></span>4\ue01d<span class=\"_ _8b\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8ea y26f2 w629 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls65 ws65\">5<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y26f3 ff2 fs7 fc2 sc0 lsd1 ws3f\">Accumulat<span class=\"_ _0\"></span>ed depreciation<span class=\"_ _0\"></span> and impairment<span class=\"_ _26e\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span></span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y26f4 w62a h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>25<span class=\"_ _233\"> </span><span class=\"lsf1 ws102\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8eb y26f5 w62b h68\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsf1 ws102\">75<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span><span class=\"ls65 ws65\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8ec y26f4 w62c h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls65 ws65\">181<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1b6\"> </span></div></td><td class=\"c n x8ed y26f4 w62d h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>22\ue01d<span class=\"_ _8b\"> </span><span class=\"ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8ee y26f4 w62e h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls9a ws9e\">1,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f6 w62f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Depr<span class=\"_ _0\"></span>eciation charge f<span class=\"_ _c\"></span>or the year</div></td><td class=\"c n x8ef y26f6 w630 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8f0 y26f6 w631 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsed wsff\">11<span class=\"_ _1\"></span>3<span class=\"_ _1a\"> </span><span class=\"_ gs102\"> </span><span class=\"_ _eb\"> </span></div></td><td class=\"c n x8f1 y26f6 w632 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>6\ue01d<span class=\"_ _16f\"> </span><span class=\"lseb wsfd\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x8f2 y26f6 w633 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lseb wsfd\">17<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f7 w623 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Disposals</div></td><td class=\"c n x7a3 y26f7 wdf h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e2 y26f7 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e3 y26f7 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8e4 y26f7 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26f8 w634 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Impairment losses on r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation</div></td><td class=\"c n x8f3 y26f8 w419 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x8f4 y26f8 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x883 y26f8 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8f5 y26f8 we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y25c3 w625 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x8f6 y25c3 w635 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs102\"> </span>75<span class=\"_ _8\"></span>8\ue01d</div></td><td class=\"c n x8f7 y25c3 w636 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs102\"> </span>294<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _d0\"> </span></div></td><td class=\"c n x8f8 y25c3 w80 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>88\ue01d</div></td><td class=\"c n x8f9 y25c3 w637 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls62 ws64\"><span class=\"_ gs102\"> </span>1,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y26f9 ff2 fs7 fc2 sc0 ls1d ws31\">Carrying amount<span class=\"_ _190\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span></span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w625 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x8fa y24bc w610 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>,60<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x8fb y24bc w604 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>42\ue01d</div></td><td class=\"c n x8fc y24bc w5da h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>236\ue01d</div></td><td class=\"c n x8fd y24bc w638 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>278<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><div class=\"gs496\"><table class=\"s w639 h9a\" id=\"_d6f31c93-d36c-4cfc-9153-4080abd718f3\"><tr><td></td><td class=\"t m0 x8d3 h29 y26fa ff2 fs22 fc2 sc0 ls0 ws0\">Owner<span class=\"_ _0\"></span>- </td><td class=\"t m0 x262 h29 y26fa ff2 fs22 fc2 sc0 ls0 ws0\">Office </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h29 y26fb ff2 fs22 fc2 sc0 ls0 ws0\">occupied<span class=\"_ _2d8\"> </span></td><td class=\"c n x8d4 y26fc w619 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">equipment<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d5 y26fc w61a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">IT equipment<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d6 y26fc w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y26fd w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d7 y26fd w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d8 y26fd w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x8d9 y26fd w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y26fe ff2 fs7 fc2 sc0 lsd6 ws87\">Cost<span class=\"_ _c\"></span>/V<span class=\"_ _0\"></span>aluation<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y26ff w61b h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x8fe y26ff w63a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>,358</div></td><td class=\"c n x8ff y2700 w63b h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span><span class=\"_ _16f\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>72<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _dd\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></span></div></td><td class=\"c n x900 y26ff w63c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5c wsc2\">4<span class=\"_ _1\"></span>87<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11e\"> </span></div></td><td class=\"c n x901 y26ff w63d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5,5<span class=\"_ _1\"></span>65\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2701 w61f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Additions/Impr<span class=\"_ _0\"></span>ov<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x8de y2701 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x49b y2701 w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x902 y2701 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x903 y2701 w134 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2702 w623 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Disposals</div></td><td class=\"c n x7a3 y2702 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a4 y2702 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y2702 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x904 y2702 w134 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2703 w624 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Rev<span class=\"_ _0\"></span>aluation</div></td><td class=\"c n x7ab y2703 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7ac y2703 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x905 y2703 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x906 y2703 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26f2 w625 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x907 y26f2 w5f3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4,358\ue01e</div></td><td class=\"c n x908 y2704 w63e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lse3 ws1\"><span class=\"_ gs41\"> </span>72<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"ls5c wsc2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x909 y26f2 w63c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5c wsc2\">4<span class=\"_ _1\"></span>87<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _8b\"> </span></div></td><td class=\"c n x90a y26f2 w63f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>,56<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2705 ff2 fs7 fc2 sc0 lsd1 ws3f\">Accumulat<span class=\"_ _0\"></span>ed depreciation<span class=\"_ _0\"></span> and impairment<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y26f4 w640 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>24<span class=\"_ _270\"> </span><span class=\"ff4 ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x90b y26f4 w641 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls88 ws89\">75<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _ee\"> </span></div></td><td class=\"c n x90c y26f4 w642 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>68\ue01e<span class=\"_ _dd\"> </span><span class=\"lsfd ws113\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x909 y2706 w643 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsfd ws113\">3<span class=\"_ _1\"></span>51<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _188\"> </span><span class=\"ls49 ws49\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x90d y26f4 w644 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls49 ws49\">1<span class=\"_ _1\"></span>,17<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2707 w62f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Depr<span class=\"_ _0\"></span>eciation charge f<span class=\"_ _c\"></span>or the year</div></td><td class=\"c n x8ef y2707 w645 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _66\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x90e y2707 w646 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">11<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _a6\"> </span></div></td><td class=\"c n x90f y2708 w647 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsdf wsea\"><span class=\"_ gs41\"> </span>71<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x910 y2707 w648 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa7 wsab\">18<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2683 w623 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Disposals</div></td><td class=\"c n x7a3 y2683 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a4 y2683 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x7a5 y2683 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x904 y2683 w134 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c1 w634 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Impairment losses on r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation</div></td><td class=\"c n x911 y25c1 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x912 y25c1 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x913 y25c1 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x914 y25c1 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y25c3 w649 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24<span class=\"_ _272\"> </span><span class=\"ff4 ls88 ws89\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x915 y2709 w64a h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls88 ws89\">75<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _79\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x916 y2709 w64b h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsa7 wsab\">18<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"lsa3 wsa6\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x917 y25c3 w64c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\">422\ue01e<span class=\"_ _a8\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x918 y25c3 w64d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse1 wsed\">1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y270a ff2 fs7 fc2 sc0 ls1d ws31\">Carrying amount<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w625 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x919 y24bc w88 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e</div></td><td class=\"c n x91a y24bc w64e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>539\ue01e</div></td><td class=\"c n x91b y24bc w64f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>65<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11f\"> </span></div></td><td class=\"c n x91c y24bc w88 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>4<span class=\"_ _1\"></span>,20<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs497\">The Gr<span class=\"_ _c\"></span>oup holds two owner<span class=\"_ _c\"></span>-occupied properties,<span class=\"_ _2\"></span> Sabr<span class=\"_ _0\"></span>e House and <span class=\"_ _2\"></span>The Old House,<span class=\"_ _2\"></span> which ar<span class=\"_ _0\"></span>e both managed by the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2\"></span> In accor<span class=\"_ _0\"></span>dance </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs498\">with the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s accounting policies,<span class=\"_ _2\"></span> owner<span class=\"_ _c\"></span>-occupied buildings are not depr<span class=\"_ _c\"></span>eciated.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The pr<span class=\"_ _0\"></span>oper<span class=\"_ _1\"></span>ties ar<span class=\"_ _c\"></span>e measured at f<span class=\"_ _0\"></span>air value which is </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs499\">arrived at on the basis of a v<span class=\"_ _c\"></span>aluation carried out on 16 October 2023 by Hurst <span class=\"_ _c\"></span>W<span class=\"_ _0\"></span>arne and Partners LLP<span class=\"_ _b\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The valuation w<span class=\"_ _0\"></span>as carried out on an </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs49a\">open-mark<span class=\"_ _0\"></span>et basis in accordance with the Ro<span class=\"_ _c\"></span>yal Institution of Charter<span class=\"_ _0\"></span>ed Survey<span class=\"_ _0\"></span>ors\u2019<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>ements,<span class=\"_ _2\"></span> which is deemed t<span class=\"_ _0\"></span>o equate t<span class=\"_ _c\"></span>o fair v<span class=\"_ _0\"></span>alue.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs49b\">While tr<span class=\"_ _c\"></span>ansaction evidence underpins the valuation pr<span class=\"_ _c\"></span>ocess,<span class=\"_ _2\"></span> the definition of market v<span class=\"_ _c\"></span>alue,<span class=\"_ _2\"></span> including the commentary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> in pr<span class=\"_ _0\"></span>actice r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs49c\">valuer t<span class=\"_ _c\"></span>o reflect the r<span class=\"_ _c\"></span>ealities of the current mark<span class=\"_ _c\"></span>et.<span class=\"_ _2\"></span> In this context v<span class=\"_ _0\"></span>aluers must use their mark<span class=\"_ _c\"></span>et knowledge and pr<span class=\"_ _0\"></span>ofessional judgement and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs49d\">not r<span class=\"_ _0\"></span>ely only upon historical mark<span class=\"_ _c\"></span>et sentiment based on historical tr<span class=\"_ _c\"></span>ansactional comparables<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs49f\">The f<span class=\"_ _0\"></span>air value of the o<span class=\"_ _0\"></span>wner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties was derived using the in<span class=\"_ _c\"></span>vestment method supported by compar<span class=\"_ _c\"></span>able evidence.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The significant </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a0\">non-observable inputs used in the v<span class=\"_ _0\"></span>aluations are the e<span class=\"_ _0\"></span>xpect<span class=\"_ _0\"></span>ed rent<span class=\"_ _c\"></span>al values per squar<span class=\"_ _0\"></span>e foot and the capit<span class=\"_ _c\"></span>alisation rat<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The f<span class=\"_ _0\"></span>air value of the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a1\">owner<span class=\"_ _c\"></span>-occupied properties valuation w<span class=\"_ _c\"></span>ould increase (decr<span class=\"_ _c\"></span>ease) if the expected r<span class=\"_ _c\"></span>ental values per squar<span class=\"_ _c\"></span>e foot wer<span class=\"_ _c\"></span>e to be higher (lo<span class=\"_ _0\"></span>wer) and </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a2\">the capitalisation r<span class=\"_ _c\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e to be lo<span class=\"_ _0\"></span>wer (higher).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a3\">The f<span class=\"_ _0\"></span>air value measur<span class=\"_ _c\"></span>ement of owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties of \u00a33,600k (2024:<span class=\"_ _c\"></span> \u00a33,600k) has been categorised as a Lev<span class=\"_ _c\"></span>el 3 fair value based on </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a4\">the non-observable inputs t<span class=\"_ _0\"></span>o the valuation t<span class=\"_ _c\"></span>echnique used.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a5\">The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able shows r<span class=\"_ _c\"></span>econciliation to the closing f<span class=\"_ _0\"></span>air value f<span class=\"_ _c\"></span>or the Level 3 o<span class=\"_ _0\"></span>wner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty at valuation:<span class=\"_ _2d8\"> </span></div><div class=\"gs4a6\"><table class=\"s w650 h9b\" id=\"_186433e8-140a-4971-9ff2-9dbfca8e59f3\"><tr><td></td><td class=\"c n x1d6 y270b w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y270b w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y270c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y270c w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26ba w651 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y</div></td><td class=\"c n x8cb y26ba w610 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x8cc y26ba w611 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255b w61f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Additions/Impr<span class=\"_ _0\"></span>ov<span class=\"_ _c\"></span>ements</div></td><td class=\"c n x91d y255b we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x318 y255b w134 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w652 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Rev<span class=\"_ _0\"></span>aluation losses</div></td><td class=\"c n x883 y255c we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x8f5 y255c w2b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w653 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Impairment losses</div></td><td class=\"c n x361 y24bb we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x91e y24bb w134 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w654 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r</div></td><td class=\"c n x91f y24bc w610 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01d</div></td><td class=\"c n x920 y24bc w88 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>3,6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a7\">The f<span class=\"_ _0\"></span>air value of o<span class=\"_ _0\"></span>wner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties includes a re<span class=\"_ _0\"></span>valuation r<span class=\"_ _c\"></span>eser<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>e of \u00a3NIL (2024:<span class=\"_ _c\"></span> \u00a3NIL) (excluding t<span class=\"_ _0\"></span>ax impact) and is not distribut<span class=\"_ _0\"></span>able.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a8\">Rev<span class=\"_ _0\"></span>aluation losses ar<span class=\"_ _0\"></span>e char<span class=\"_ _0\"></span>ged against the relat<span class=\"_ _c\"></span>ed re<span class=\"_ _0\"></span>valuation r<span class=\"_ _c\"></span>eser<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>e to the e<span class=\"_ _0\"></span>xtent that the decr<span class=\"_ _c\"></span>ease does not exceed the amount held in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4a9\">the r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation surplus in r<span class=\"_ _0\"></span>espect of the same asset.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>An<span class=\"_ _0\"></span>y additional losses ar<span class=\"_ _0\"></span>e charged as an impairment loss in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4aa\">Rev<span class=\"_ _0\"></span>ersal of such impairment losses in futur<span class=\"_ _0\"></span>e periods will be cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o the Profit or L<span class=\"_ _c\"></span>oss Account t<span class=\"_ _c\"></span>o the extent losses w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>viously char<span class=\"_ _0\"></span>ged </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4ab\">to the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4ac\">The t<span class=\"_ _0\"></span>able below sho<span class=\"_ _0\"></span>ws the impact a 15% decr<span class=\"_ _0\"></span>ease in pr<span class=\"_ _0\"></span>oper<span class=\"_ _1\"></span>ty prices will hav<span class=\"_ _0\"></span>e on the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s profit aft<span class=\"_ _c\"></span>er tax and equity:<span class=\"_ _2d8\"> </span></div><div class=\"gs4ad\"><table class=\"s w655 h9c\" id=\"_e59760c9-4181-469b-853f-240be3c331d0\"><tr><td></td><td></td><td class=\"c n x921 y270d w656 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease in pr<span class=\"_ _0\"></span>ofit after t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x922 y270d w657 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">Decrease In tot<span class=\"_ _0\"></span>al equity<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x74d y26a3 w27f h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74e y26a3 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x74f y26a3 w379 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x750 y26a3 w379 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y26a4 w658 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x923 y26a4 wb5 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x924 y26a4 w16 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x925 y26a4 w16 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y270e ff2 fs7 fc2 sc0 ls1d ws31\">Owner-occupied property<span class=\"_ _2d8\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w659 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Impact of a 15% decr<span class=\"_ _0\"></span>ease in pr<span class=\"_ _0\"></span>operty prices</div></td><td class=\"c n x926 y24bc w65a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls87 ws88\"><span class=\"_ gs102\"> </span>(<span class=\"_ _2\"></span>405)<span class=\"_ _80\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x927 y24bc w65b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>)</div></td><td class=\"c n x928 y24bc w65c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls87 ws88\"><span class=\"ff4 ls4f ws51\"><span class=\"_ _5e\"> </span></span><span class=\"_ gs102\"> </span><span class=\"_ _0\"></span>(<span class=\"_ _c\"></span>405<span class=\"_ _0\"></span>)<span class=\"_ _5e\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x929 y24bc w65d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs4ae\">HI<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>TOR<span class=\"_ _1\"></span>ICAL COS<span class=\"_ _1\"></span>T MO<span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>L V<span class=\"_ _0\"></span>ALU<span class=\"_ _1\"></span>ES<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4af\">If owner<span class=\"_ _c\"></span>-occupied properties wer<span class=\"_ _c\"></span>e carried under the cost model (historical costs,<span class=\"_ _2\"></span> less accum<span class=\"_ _0\"></span>ulated depr<span class=\"_ _c\"></span>eciation and impairment losses),<span class=\"_ _2\"></span> the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4b0\">value of o<span class=\"_ _0\"></span>wner<span class=\"_ _c\"></span>-occupied properties in the balance sheet would hav<span class=\"_ _0\"></span>e been \u00a33,174k (2024:<span class=\"_ _c\"></span> \u00a33,229k).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-380": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. OWNER-<span class=\"_ _1\"></span>OCCUPIE<span class=\"_ _1\"></span>D PROPERT<span class=\"_ _1\"></span>Y<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied properties are held b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup for use in the supply of services or<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> for its own administr<span class=\"_ _c\"></span>ation purposes.<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied property is held at fair v<span class=\"_ _0\"></span>alue.<span class=\"_ _2\"></span> Incr<span class=\"_ _0\"></span>eases in the carrying amount of owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties as a result of r<span class=\"_ _c\"></span>evaluations ar<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o Other Comprehensiv<span class=\"_ _0\"></span>e Income and accumulat<span class=\"_ _0\"></span>ed in a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve in equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o the ext<span class=\"_ _0\"></span>ent that a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation incr<span class=\"_ _0\"></span>ease r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erses a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation decr<span class=\"_ _0\"></span>ease that was pr<span class=\"_ _c\"></span>eviously recognised as an e<span class=\"_ _0\"></span>xpense in Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such incr<span class=\"_ _0\"></span>ease is cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o income in Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Decr<span class=\"_ _0\"></span>eases in valuation ar<span class=\"_ _c\"></span>e charged t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> except t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that a decr<span class=\"_ _0\"></span>ease r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erses the existing accumulat<span class=\"_ _c\"></span>ed r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e such a decrease is r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2d8\"> </span>A fair v<span class=\"_ _c\"></span>alue assessment of the owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty is under<span class=\"_ _1\"></span>tak<span class=\"_ _c\"></span>en at each reporting date with an<span class=\"_ _c\"></span>y material changes in f<span class=\"_ _0\"></span>air value r<span class=\"_ _0\"></span>ecognised.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>aluation is at highest and best use.<span class=\"_ _2\"></span> Owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty is also rev<span class=\"_ _c\"></span>alued by an ext<span class=\"_ _0\"></span>ernal qualified survey<span class=\"_ _0\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> at least ev<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y thr<span class=\"_ _0\"></span>ee years<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> UK pr<span class=\"_ _0\"></span>oper<span class=\"_ _1\"></span>ties do not hav<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>equent and volatile f<span class=\"_ _c\"></span>air value changes and,<span class=\"_ _2\"></span> as such,<span class=\"_ _2\"></span> mor<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>equent r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluations ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed unnecessary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> as only insignificant changes in fair v<span class=\"_ _0\"></span>alue is expect<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied land is not depreciat<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As the depr<span class=\"_ _0\"></span>eciation of owner<span class=\"_ _c\"></span>-occupied buildings is immaterial and pr<span class=\"_ _c\"></span>oper<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>alued ev<span class=\"_ _0\"></span>ery thr<span class=\"_ _0\"></span>ee years b<span class=\"_ _0\"></span>y an ext<span class=\"_ _0\"></span>ernal qualified survey<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> no depreciation is char<span class=\"_ _0\"></span>ged on owner<span class=\"_ _c\"></span>-occupied buildings.<span class=\"_ _2d8\"> </span>B. O<span class=\"_ _1\"></span>FF<span class=\"_ _1\"></span>ICE A<span class=\"_ _1\"></span>ND IT E<span class=\"_ _1\"></span>QU<span class=\"_ _1\"></span>IP<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Of<span class=\"_ _0\"></span>fice and IT equipment are st<span class=\"_ _c\"></span>ated at hist<span class=\"_ _0\"></span>orical cost less accumulat<span class=\"_ _c\"></span>ed depreciation and impairment char<span class=\"_ _0\"></span>ges.<span class=\"_ _2\"></span> Hist<span class=\"_ _0\"></span>orical cost includes expenditur<span class=\"_ _c\"></span>e that is directly attribut<span class=\"_ _0\"></span>able to the acquisition of pr<span class=\"_ _c\"></span>oper<span class=\"_ _1\"></span>ty and equipment.<span class=\"_ _2\"></span> Depr<span class=\"_ _0\"></span>eciation is calculated on the dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the cost and r<span class=\"_ _c\"></span>esidual value of the asset and is char<span class=\"_ _0\"></span>ged to the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account ov<span class=\"_ _c\"></span>er the estimated useful life of eac<span class=\"_ _0\"></span>h significant par<span class=\"_ _1\"></span>t of an it<span class=\"_ _0\"></span>em of fixtur<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> fittings and IT equipment,<span class=\"_ _2\"></span> using the str<span class=\"_ _c\"></span>aight-line basis.<span class=\"_ _2\"></span> Estimated useful liv<span class=\"_ _c\"></span>es are as f<span class=\"_ _0\"></span>ollows:<span class=\"_ _2d8\"> </span>Of<span class=\"_ _0\"></span>fice equipment <span class=\"_ _11a\"> </span>3 to 10 years<span class=\"_ _2d8\"> </span>IT equipment <span class=\"_ _202\"> </span> <span class=\"_ _5e\"> </span>3 to 5 years<span class=\"_ _2d8\"> </span>The assets\u2019<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>esidual values and useful liv<span class=\"_ _c\"></span>es are r<span class=\"_ _c\"></span>eviewed at each St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e and adjusted if appr<span class=\"_ _c\"></span>opriate.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An asset\u2019<span class=\"_ _c\"></span>s carrying amount is written down t<span class=\"_ _c\"></span>o its reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount if the asset\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _1\"></span>ying amount is gr<span class=\"_ _0\"></span>eater than its estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount.<span class=\"_ _2\"></span> Gains and losses on disposals ar<span class=\"_ _0\"></span>e determined b<span class=\"_ _c\"></span>y comparing the proceeds with the carrying amount of the assets and are inc<span class=\"_ _0\"></span>luded in Pr<span class=\"_ _0\"></span>ofit or Loss bef<span class=\"_ _c\"></span>ore t<span class=\"_ _0\"></span>ax.<span class=\"_ _2d8\"> </span>Repairs and maintenance costs ar<span class=\"_ _c\"></span>e charged t<span class=\"_ _c\"></span>o the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account during the financial year in which they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The cost of major r<span class=\"_ _0\"></span>enov<span class=\"_ _0\"></span>ations is included in the carrying amount of the asset when it is pr<span class=\"_ _0\"></span>obable that future economic benefits fr<span class=\"_ _c\"></span>om the r<span class=\"_ _0\"></span>enov<span class=\"_ _0\"></span>ations will flow t<span class=\"_ _c\"></span>o the Group<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-373": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>A. OWNER-<span class=\"_ _1\"></span>OCCUPIE<span class=\"_ _1\"></span>D PROPERT<span class=\"_ _1\"></span>Y<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied properties are held b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup for use in the supply of services or<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> for its own administr<span class=\"_ _c\"></span>ation purposes.<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied property is held at fair v<span class=\"_ _0\"></span>alue.<span class=\"_ _2\"></span> Incr<span class=\"_ _0\"></span>eases in the carrying amount of owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties as a result of r<span class=\"_ _c\"></span>evaluations ar<span class=\"_ _0\"></span>e cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o Other Comprehensiv<span class=\"_ _0\"></span>e Income and accumulat<span class=\"_ _0\"></span>ed in a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve in equity<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>o the ext<span class=\"_ _0\"></span>ent that a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation incr<span class=\"_ _0\"></span>ease r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erses a r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation decr<span class=\"_ _0\"></span>ease that was pr<span class=\"_ _c\"></span>eviously recognised as an e<span class=\"_ _0\"></span>xpense in Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> such incr<span class=\"_ _0\"></span>ease is cr<span class=\"_ _0\"></span>edited t<span class=\"_ _c\"></span>o income in Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Decr<span class=\"_ _0\"></span>eases in valuation ar<span class=\"_ _c\"></span>e charged t<span class=\"_ _0\"></span>o Pr<span class=\"_ _0\"></span>ofit or Loss<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> except t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that a decr<span class=\"_ _0\"></span>ease r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>erses the existing accumulat<span class=\"_ _c\"></span>ed r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve and ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e such a decrease is r<span class=\"_ _c\"></span>ecognised in Other Comprehensiv<span class=\"_ _c\"></span>e Income.<span class=\"_ _2d8\"> </span>A fair v<span class=\"_ _c\"></span>alue assessment of the owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty is under<span class=\"_ _1\"></span>tak<span class=\"_ _c\"></span>en at each reporting date with an<span class=\"_ _c\"></span>y material changes in f<span class=\"_ _0\"></span>air value r<span class=\"_ _0\"></span>ecognised.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>V<span class=\"_ _2\"></span>aluation is at highest and best use.<span class=\"_ _2\"></span> Owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operty is also rev<span class=\"_ _c\"></span>alued by an ext<span class=\"_ _0\"></span>ernal qualified survey<span class=\"_ _0\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> at least ev<span class=\"_ _c\"></span>er<span class=\"_ _1\"></span>y thr<span class=\"_ _0\"></span>ee years<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> UK pr<span class=\"_ _0\"></span>oper<span class=\"_ _1\"></span>ties do not hav<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>equent and volatile f<span class=\"_ _c\"></span>air value changes and,<span class=\"_ _2\"></span> as such,<span class=\"_ _2\"></span> mor<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>equent r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluations ar<span class=\"_ _0\"></span>e consider<span class=\"_ _0\"></span>ed unnecessary<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> as only insignificant changes in fair v<span class=\"_ _0\"></span>alue is expect<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span>Owner<span class=\"_ _c\"></span>-occupied land is not depreciat<span class=\"_ _0\"></span>ed.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As the depr<span class=\"_ _0\"></span>eciation of owner<span class=\"_ _c\"></span>-occupied buildings is immaterial and pr<span class=\"_ _c\"></span>oper<span class=\"_ _1\"></span>ties ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>alued ev<span class=\"_ _0\"></span>ery thr<span class=\"_ _0\"></span>ee years b<span class=\"_ _0\"></span>y an ext<span class=\"_ _0\"></span>ernal qualified survey<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> no depreciation is char<span class=\"_ _0\"></span>ged on owner<span class=\"_ _c\"></span>-occupied buildings.<span class=\"_ _2d8\"> </span>B. O<span class=\"_ _1\"></span>FF<span class=\"_ _1\"></span>ICE A<span class=\"_ _1\"></span>ND IT E<span class=\"_ _1\"></span>QU<span class=\"_ _1\"></span>IP<span class=\"_ _1\"></span>ME<span class=\"_ _1\"></span>NT<span class=\"_ _2d8\"> </span>Of<span class=\"_ _0\"></span>fice and IT equipment are st<span class=\"_ _c\"></span>ated at hist<span class=\"_ _0\"></span>orical cost less accumulat<span class=\"_ _c\"></span>ed depreciation and impairment char<span class=\"_ _0\"></span>ges.<span class=\"_ _2\"></span> Hist<span class=\"_ _0\"></span>orical cost includes expenditur<span class=\"_ _c\"></span>e that is directly attribut<span class=\"_ _0\"></span>able to the acquisition of pr<span class=\"_ _c\"></span>oper<span class=\"_ _1\"></span>ty and equipment.<span class=\"_ _2\"></span> Depr<span class=\"_ _0\"></span>eciation is calculated on the dif<span class=\"_ _c\"></span>fer<span class=\"_ _0\"></span>ence between the cost and r<span class=\"_ _c\"></span>esidual value of the asset and is char<span class=\"_ _0\"></span>ged to the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account ov<span class=\"_ _c\"></span>er the estimated useful life of eac<span class=\"_ _0\"></span>h significant par<span class=\"_ _1\"></span>t of an it<span class=\"_ _0\"></span>em of fixtur<span class=\"_ _0\"></span>es,<span class=\"_ _2\"></span> fittings and IT equipment,<span class=\"_ _2\"></span> using the str<span class=\"_ _c\"></span>aight-line basis.<span class=\"_ _2\"></span> Estimated useful liv<span class=\"_ _c\"></span>es are as f<span class=\"_ _0\"></span>ollows:<span class=\"_ _2d8\"> </span>Of<span class=\"_ _0\"></span>fice equipment <span class=\"_ _11a\"> </span>3 to 10 years<span class=\"_ _2d8\"> </span>IT equipment <span class=\"_ _202\"> </span> <span class=\"_ _5e\"> </span>3 to 5 years<span class=\"_ _2d8\"> </span>The assets\u2019<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>esidual values and useful liv<span class=\"_ _c\"></span>es are r<span class=\"_ _c\"></span>eviewed at each St<span class=\"_ _c\"></span>atement of Financial Position dat<span class=\"_ _c\"></span>e and adjusted if appr<span class=\"_ _c\"></span>opriate.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>An asset\u2019<span class=\"_ _c\"></span>s carrying amount is written down t<span class=\"_ _c\"></span>o its reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount if the asset\u2019<span class=\"_ _2\"></span>s carr<span class=\"_ _1\"></span>ying amount is gr<span class=\"_ _0\"></span>eater than its estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount.<span class=\"_ _2\"></span> Gains and losses on disposals ar<span class=\"_ _0\"></span>e determined b<span class=\"_ _c\"></span>y comparing the proceeds with the carrying amount of the assets and are inc<span class=\"_ _0\"></span>luded in Pr<span class=\"_ _0\"></span>ofit or Loss bef<span class=\"_ _c\"></span>ore t<span class=\"_ _0\"></span>ax.<span class=\"_ _2d8\"> </span>Repairs and maintenance costs ar<span class=\"_ _c\"></span>e charged t<span class=\"_ _c\"></span>o the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account during the financial year in which they ar<span class=\"_ _c\"></span>e incurred.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The cost of major r<span class=\"_ _0\"></span>enov<span class=\"_ _0\"></span>ations is included in the carrying amount of the asset when it is pr<span class=\"_ _0\"></span>obable that future economic benefits fr<span class=\"_ _c\"></span>om the r<span class=\"_ _0\"></span>enov<span class=\"_ _0\"></span>ations will flow t<span class=\"_ _c\"></span>o the Group<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-316": {
   "value": "1<span class=\"_ _c\"></span>0<span class=\"_ _1\"></span>. INC<span class=\"_ _1\"></span>OME TAX E<span class=\"_ _1\"></span>XPE<span class=\"_ _1\"></span>NS<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>The income t<span class=\"_ _0\"></span>ax expense in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account is based on the taxable pr<span class=\"_ _c\"></span>ofits for the y<span class=\"_ _0\"></span>ear<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> It is Gr<span class=\"_ _c\"></span>oup policy to r<span class=\"_ _0\"></span>eliev<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ofits wher<span class=\"_ _0\"></span>e possible by the surr<span class=\"_ _c\"></span>ender of losses from Gr<span class=\"_ _c\"></span>oup companies with payment for v<span class=\"_ _0\"></span>alue.<span class=\"_ _2d8\"> </span><table class=\"s w661 h9e\" id=\"_10e0066b-84cb-465f-a463-d6195145b757\"><tr><td></td><td class=\"c n x1d6 y270f w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y270f w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y2710 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y2710 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2711 ff2 fs7 fc2 sc0 lsad ws7c\">Current t<span class=\"_ _0\"></span>axation<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y26f2 w662 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Charge f<span class=\"_ _c\"></span>or the year</div></td><td class=\"c n x92d y2712 w663 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _277\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _15f\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x92e y26f2 w664 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse2 wsee\">1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,1<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2713 w665 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Charge r<span class=\"_ _c\"></span>elating to prior periods</div></td><td class=\"c n x92f y2714 w666 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _157\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"ls41 wsf0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x930 y2713 w3cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls41 wsf0\">570<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td></td><td class=\"c n x1dc y24b2 w667 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>5</div></td><td class=\"c n x931 y2715 w63e h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _17d\"> </span><span class=\"ff4 lse3 ws1\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _1\"></span>,727<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"t m0 x1db h12 y2716 ff2 fs7 fc2 sc0 ls46 ws0\">De<span class=\"_ _1\"></span>ferr<span class=\"_ _1\"></span>ed ta<span class=\"_ _1\"></span>xati<span class=\"_ _1\"></span>on (No<span class=\"_ _1\"></span>te 1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2683 w668 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Origination and r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ersal of tempor<span class=\"_ _c\"></span>ary diff<span class=\"_ _0\"></span>erences</div></td><td class=\"c n x932 y2683 w669 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _22b\"> </span><span class=\"ff2 ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _89\"> </span></span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x933 y2683 w66a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">(<span class=\"_ _8\"></span>12<span class=\"_ _1\"></span>6)</div></td></tr><tr><td></td><td class=\"c n x7cb y25c1 w66b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _dc\"> </span><span class=\"ff4 lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x934 y25c1 w66a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">(<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w65e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ent tax<span class=\"_ _c\"></span>ation</div></td><td class=\"c n x935 y26e0 w66c h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1aa\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _17d\"> </span></span><span class=\"lse3 ws1\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x936 y255c w66d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse3 ws1\">12,727<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w66e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Deferr<span class=\"_ _c\"></span>ed tax<span class=\"_ _0\"></span>ation (Not<span class=\"_ _0\"></span>e 11)</div></td><td class=\"c n x937 y24bb w66f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _278\"> </span><span class=\"ff2 ls50 ws52\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _dc\"> </span></span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x938 y24bb w66a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">(<span class=\"_ _1\"></span>12<span class=\"_ _8\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w670 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">In<span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>e tax ex<span class=\"_ _1\"></span>pen<span class=\"_ _1\"></span>se<span class=\"_ _18e\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x939 y24cd w671 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10c\"> </span><span class=\"ff4 lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x93a y24bc w672 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>T<span class=\"_ _c\"></span>ax r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in Other Comprehensiv<span class=\"_ _c\"></span>e Income is as follows:<span class=\"_ _2d8\"> </span><table class=\"s w650 h9d\" id=\"_442aa21f-06e0-4af2-82c2-728ceb03c47c\"><tr><td></td><td class=\"c n x1d6 y26d0 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26d0 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y264e w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y264e w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y255c w65e h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Curr<span class=\"_ _0\"></span>ent tax<span class=\"_ _c\"></span>ation</div></td><td class=\"c n x91d y255c we6 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x318 y255c w134 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w65f h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Deferr<span class=\"_ _c\"></span>ed tax<span class=\"_ _0\"></span>ation</div></td><td class=\"c n x92a y24bb w80 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>43\ue01d</div></td><td class=\"c n x8c0 y24bb w660 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs41\"> </span>549<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td></td><td class=\"c n x92b y24bc w80 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>6<span class=\"_ _1\"></span>43\ue01d</div></td><td class=\"c n x92c y24bc w660 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs41\"> </span>549<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Contents Gener<span class=\"_ _c\"></span>ation \u2013 Page<span class=\"_ _141\"> </span><span class=\"ff48\">Contents Gener<span class=\"_ _c\"></span>ation \u2013 Sub Page<span class=\"_ _155\"></span><span class=\"ff49\"><span class=\"_ _2d8\"> </span>Contents Generation \u2013 Section<span class=\"_ _2d8\"> </span></span></span><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4b6\">The actual income t<span class=\"_ _0\"></span>ax expense dif<span class=\"_ _0\"></span>fers fr<span class=\"_ _c\"></span>om the expect<span class=\"_ _0\"></span>ed income tax e<span class=\"_ _0\"></span>xpense computed b<span class=\"_ _0\"></span>y applying the st<span class=\"_ _0\"></span>andard r<span class=\"_ _c\"></span>ate of UK corpor<span class=\"_ _c\"></span>ation tax </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4b7\">of 25.0% (2024:<span class=\"_ _c\"></span> 25.0%) as follo<span class=\"_ _c\"></span>ws:<span class=\"_ _2d8\"> </span></div><div class=\"gs4b8\"><table class=\"s w673 h9f\" id=\"_06aa4436-2a89-44f9-85c3-2ee988e09278\"><tr><td></td><td class=\"c n x1d6 y2717 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x1d7 y2717 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y2718 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x6b5 y2718 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2593 w674 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>ofit befor<span class=\"_ _c\"></span>e tax</div></td><td class=\"c n x93b y2593 w675 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _27b\"> </span><span class=\"ff2 lsa0 wsa2\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>,9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _45\"> </span></span></div></td><td class=\"c n x93c y2593 w2b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>4</div></td><td class=\"c n x681 y2593 w207 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">8,562\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26f4 w676 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Expected income t<span class=\"_ _c\"></span>ax expense</div></td><td class=\"c n x93d y26f4 w677 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _194\"> </span><span class=\"ff2 lsa7 wsab\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,74<span class=\"_ _8\"></span>0</span></div></td><td></td><td class=\"c n x93e y2719 w678 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsa7 wsab\"><span class=\"_ gs102\"> </span><span class=\"_ _15f\"> </span></span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,14<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"t m0 x1db h9 y271a ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fect of:<span class=\"_ _27c\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span></span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2e9 y2683 w679 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Expenses not deductible for t<span class=\"_ _c\"></span>ax purposes</div></td><td class=\"c n x93f y271b w67a h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1be\"> </span><span class=\"ff2 lsb6 wsbe\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7c\"> </span></span><span class=\"ls50 ws52\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x940 y2683 w67b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls50 ws52\">(<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25c1 w67c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Adjustment in r<span class=\"_ _0\"></span>espect of prior periods</div></td><td class=\"c n x941 y271c w67d h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1c5\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>13<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _23f\"> </span></span><span class=\"ls41 wsf0\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x942 y25c1 w67e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls41 wsf0\">570\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x2e9 y25c3 w67f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Other income tax adjustments</div></td><td class=\"c n x943 y25c3 w680 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _179\"> </span><span class=\"ff2 ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7c\"> </span></span></div></td><td></td><td class=\"c n x944 y25c3 w681 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs41\"> </span>(2<span class=\"_ _1\"></span>4)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25c5 w682 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">In<span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>e tax ex<span class=\"_ _1\"></span>pen<span class=\"_ _1\"></span>se fo<span class=\"_ _1\"></span>r the ye<span class=\"_ _1\"></span>ar<span class=\"_ _119\"> </span><span class=\"ls95 ws99\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x945 y271d w683 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls95 ws99\">13<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _10c\"> </span><span class=\"ff4 lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x946 y25c5 w684 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>01<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w685 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Ef<span class=\"_ _0\"></span>fectiv<span class=\"_ _0\"></span>e income t<span class=\"_ _0\"></span>ax r<span class=\"_ _0\"></span>ate<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x947 y24bc w686 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsbf wsc9\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.6%<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x948 y24bc w4dd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd2 wsdf\">2<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>%<span class=\"_ _2d8\"> </span></div></td></tr></table></div>1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>. DE<span class=\"_ _1\"></span>FE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ED TAX A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax is r<span class=\"_ _c\"></span>ecognised in respect of all t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences that hav<span class=\"_ _0\"></span>e originated but not r<span class=\"_ _c\"></span>eversed at the balance sheet dat<span class=\"_ _c\"></span>e where tr<span class=\"_ _0\"></span>ansactions or ev<span class=\"_ _0\"></span>ents hav<span class=\"_ _0\"></span>e occurred at that dat<span class=\"_ _c\"></span>e that will result in an obligation t<span class=\"_ _c\"></span>o pay more,<span class=\"_ _2\"></span> or a right t<span class=\"_ _c\"></span>o pay less or to r<span class=\"_ _c\"></span>eceive mor<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> tax,<span class=\"_ _b\"></span> with the follo<span class=\"_ _c\"></span>wing exception.<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax assets ar<span class=\"_ _c\"></span>e recognised only t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that the Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors consider that it is more lik<span class=\"_ _c\"></span>ely than not that there will be suit<span class=\"_ _c\"></span>able tax<span class=\"_ _c\"></span>able profits fr<span class=\"_ _c\"></span>om which the future r<span class=\"_ _c\"></span>eversal of the underlying timing dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ences can be deducted.<span class=\"_ _2d8\"> </span><table class=\"s w68d ha1\" id=\"_57dd8776-0999-42e3-8d81-d83cca5661ce\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x94f h29 y271f ff2 fs22 fc2 sc0 ls0 ws0\">Fair v<span class=\"_ _0\"></span>alue </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x950 h29 y2720 ff2 fs22 fc2 sc0 ls0 ws0\">Pro<span class=\"_ _0\"></span>visions and </td><td class=\"t m0 x951 h29 y2721 ff2 fs22 fc2 sc0 ls0 ws0\">Depreciation in </td><td></td><td class=\"t m0 x952 h29 y2722 ff2 fs22 fc2 sc0 ls0 ws0\">mov<span class=\"_ _0\"></span>ements in </td><td class=\"t m0 x242 h29 y2723 ff2 fs22 fc2 sc0 ls0 ws0\">Mov<span class=\"_ _0\"></span>ement </td><td></td></tr><tr><td></td><td class=\"t m0 x953 h29 y2724 ff2 fs22 fc2 sc0 ls0 ws0\">other tempor<span class=\"_ _0\"></span>ary </td><td class=\"t m0 x954 h29 y2725 ff2 fs22 fc2 sc0 ls0 ws3f\">excess of capit<span class=\"_ _0\"></span>al </td><td class=\"t m0 x955 h29 y2725 ff2 fs22 fc2 sc0 ls0 ws0\">Share-based </td><td class=\"t m0 x5d2 h29 y2726 ff2 fs22 fc2 sc0 ls0 ws0\">debt securities </td><td class=\"t m0 x956 h29 y2727 ff2 fs22 fc2 sc0 ls0 ws0\">in insurance </td><td></td></tr><tr><td></td><td class=\"t m0 x957 h29 y2728 ff2 fs22 fc2 sc0 ls0 ws0\">differ<span class=\"_ _0\"></span>ences<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x958 h29 y2729 ff2 fs22 fc2 sc0 ls0 ws0\">allow<span class=\"_ _0\"></span>ances<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d5 h29 y2729 ff2 fs22 fc2 sc0 ls0 ws0\">payments<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x959 h29 y272a ff2 fs22 fc2 sc0 ls0 ws0\">at FV<span class=\"_ _0\"></span>OCI<span class=\"_ _2d8\"> </span></td><td class=\"c n x95a y272b w68e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">finance reserv<span class=\"_ _0\"></span>e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95b y272b w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x95c y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95d y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95e y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95f y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x960 y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x961 y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y272d w61b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x962 y272d w68f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _dc\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x963 y272d w690 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>)</div></td><td class=\"c n x964 y272d w691 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>46<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _125\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x965 y272d w692 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span></div></td><td class=\"c n x966 y272d w693 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,596)</div></td><td class=\"c n x967 y272d w599 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>88\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y272e w694 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to the Pr<span class=\"_ _c\"></span>ofit or Loss</div></td><td class=\"c n x968 y272e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x969 y272e w695 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>43\ue01e</div></td><td class=\"c n x96a y272e w3e1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>88\ue01e</div></td><td class=\"c n x96b y272e w696 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5)</div></td><td class=\"c n x96c y272f w697 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x96d y272e w698 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y2730 w699 h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to Other Compr<span class=\"_ _c\"></span>ehensive<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Income</div></td><td class=\"c n x84c y2730 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x84d y2730 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x639 y2730 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x96e y2730 w5e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs41\"> </span>(<span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>4)</div></td><td class=\"c n x96f y2730 w6a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>395\ue01e</div></td><td class=\"c n x970 y2730 w69a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>49)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2731 w625 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x971 y2731 w69b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _117\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x972 y2731 w69c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">(<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)</div></td><td class=\"c n x973 y2731 w69d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>56\ue01e<span class=\"_ _125\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x974 y2732 w69e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>47<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11b\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x975 y2731 w69f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x976 y2731 w660 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs41\"> </span>26<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2733 w694 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to the Pr<span class=\"_ _c\"></span>ofit or Loss</div></td><td class=\"c n x977 y2734 w6a0 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _2e\"> </span><span class=\"ff2 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _66\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x978 y2733 w117 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsee ws100\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x979 y2733 w6a1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>90\ue01d<span class=\"_ _27e\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x97a y2733 w6a2 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">(6)</div></td><td class=\"c n x97b y2733 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97c y2733 w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>60\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y25cf w699 h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to Other Compr<span class=\"_ _c\"></span>ehensive<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Income</div></td><td class=\"c n x84c y25cf wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97d y25cf wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97e y25cf w6a3 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x97f y25cf w6a4 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsee ws100\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x980 y25cf w6a5 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>73<span class=\"_ _1\"></span>8\ue01d<span class=\"_ _8a\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x981 y25cf w6a6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">(6<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6a7 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25<span class=\"_ _f8\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x982 y24bc w6a8 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>7</div></td><td class=\"c n x983 y2522 w6a9 h68\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _78\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x984 y24bc w455 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8<span class=\"_ _1\"></span>46\ue01d</div></td><td class=\"c n x985 y24bc w6aa h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsc8 wsd1\"><span class=\"_ gs102\"> </span>(3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0)<span class=\"_ _a8\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x986 y24bc w6ab h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls50 ws52\">(4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x987 y24bc w264 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>82\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w687 ha0\" id=\"_03415da9-a081-41fd-a607-1153ef2ebd00\"><tr><td></td><td class=\"c n x1d6 y2685 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y2685 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y2686 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y2686 w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y271e ff4 fs7 fc2 sc0 ls0 ws0\">Per St<span class=\"_ _c\"></span>atement of Financial Position:<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y255c w89 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Deferr<span class=\"_ _c\"></span>ed tax assets</div></td><td class=\"c n x949 y255d w688 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _27f\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x94a y255c w689 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w68a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Deferr<span class=\"_ _c\"></span>ed tax liabilities</div></td><td class=\"c n x94b y24bb w68b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b9\"> </span><span class=\"ff2 lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>61)</span></div></td><td class=\"c n x94c y24bb w68c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,338<span class=\"_ _0\"></span>)</div></td></tr><tr><td></td><td class=\"c n x94d y24bc w264 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>82\ue01d</div></td><td class=\"c n x94e y24bc w660 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs41\"> </span>265<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Contents Gener<span class=\"_ _c\"></span>ation \u2013 Page<span class=\"_ _141\"> </span><span class=\"ff48\">Contents Gener<span class=\"_ _c\"></span>ation \u2013 Sub Page<span class=\"_ _155\"></span><span class=\"ff49\"><span class=\"_ _2d8\"> </span>Contents Generation \u2013 Sect<span class=\"_ _2d8\"> </span></span></span><span class=\"ff48\"><span class=\"ff49\">ion</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-374": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>The income t<span class=\"_ _0\"></span>ax expense in the Pr<span class=\"_ _c\"></span>ofit or Loss <span class=\"_ _c\"></span>Account is based on the taxable pr<span class=\"_ _c\"></span>ofits for the y<span class=\"_ _0\"></span>ear<span class=\"_ _c\"></span>.<span class=\"_ _2\"></span> It is Gr<span class=\"_ _c\"></span>oup policy to r<span class=\"_ _0\"></span>eliev<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ofits wher<span class=\"_ _0\"></span>e possible by the surr<span class=\"_ _c\"></span>ender of losses from Gr<span class=\"_ _c\"></span>oup companies with payment for v<span class=\"_ _0\"></span>alue.<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax is r<span class=\"_ _c\"></span>ecognised in respect of all t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences that hav<span class=\"_ _0\"></span>e originated but not r<span class=\"_ _c\"></span>eversed at the balance sheet dat<span class=\"_ _c\"></span>e where tr<span class=\"_ _0\"></span>ansactions or ev<span class=\"_ _0\"></span>ents hav<span class=\"_ _0\"></span>e occurred at that dat<span class=\"_ _c\"></span>e that will result in an obligation t<span class=\"_ _c\"></span>o pay more,<span class=\"_ _2\"></span> or a right t<span class=\"_ _c\"></span>o pay less or to r<span class=\"_ _c\"></span>eceive mor<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> tax,<span class=\"_ _b\"></span> with the follo<span class=\"_ _c\"></span>wing exception.<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax assets ar<span class=\"_ _c\"></span>e recognised only t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that the Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors consider that it is more lik<span class=\"_ _c\"></span>ely than not that there will be suit<span class=\"_ _c\"></span>able tax<span class=\"_ _c\"></span>able profits fr<span class=\"_ _c\"></span>om which the future r<span class=\"_ _c\"></span>eversal of the underlying timing dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ences can be deducted.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-352": {
   "value": "1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>. DE<span class=\"_ _1\"></span>FE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ED TAX A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax is r<span class=\"_ _c\"></span>ecognised in respect of all t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences that hav<span class=\"_ _0\"></span>e originated but not r<span class=\"_ _c\"></span>eversed at the balance sheet dat<span class=\"_ _c\"></span>e where tr<span class=\"_ _0\"></span>ansactions or ev<span class=\"_ _0\"></span>ents hav<span class=\"_ _0\"></span>e occurred at that dat<span class=\"_ _c\"></span>e that will result in an obligation t<span class=\"_ _c\"></span>o pay more,<span class=\"_ _2\"></span> or a right t<span class=\"_ _c\"></span>o pay less or to r<span class=\"_ _c\"></span>eceive mor<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> tax,<span class=\"_ _b\"></span> with the follo<span class=\"_ _c\"></span>wing exception.<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax assets ar<span class=\"_ _c\"></span>e recognised only t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that the Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors consider that it is more lik<span class=\"_ _c\"></span>ely than not that there will be suit<span class=\"_ _c\"></span>able tax<span class=\"_ _c\"></span>able profits fr<span class=\"_ _c\"></span>om which the future r<span class=\"_ _c\"></span>eversal of the underlying timing dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ences can be deducted.<span class=\"_ _2d8\"> </span><table class=\"s w68d ha1\" id=\"_57dd8776-0999-42e3-8d81-d83cca5661ce\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x94f h29 y271f ff2 fs22 fc2 sc0 ls0 ws0\">Fair v<span class=\"_ _0\"></span>alue </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x950 h29 y2720 ff2 fs22 fc2 sc0 ls0 ws0\">Pro<span class=\"_ _0\"></span>visions and </td><td class=\"t m0 x951 h29 y2721 ff2 fs22 fc2 sc0 ls0 ws0\">Depreciation in </td><td></td><td class=\"t m0 x952 h29 y2722 ff2 fs22 fc2 sc0 ls0 ws0\">mov<span class=\"_ _0\"></span>ements in </td><td class=\"t m0 x242 h29 y2723 ff2 fs22 fc2 sc0 ls0 ws0\">Mov<span class=\"_ _0\"></span>ement </td><td></td></tr><tr><td></td><td class=\"t m0 x953 h29 y2724 ff2 fs22 fc2 sc0 ls0 ws0\">other tempor<span class=\"_ _0\"></span>ary </td><td class=\"t m0 x954 h29 y2725 ff2 fs22 fc2 sc0 ls0 ws3f\">excess of capit<span class=\"_ _0\"></span>al </td><td class=\"t m0 x955 h29 y2725 ff2 fs22 fc2 sc0 ls0 ws0\">Share-based </td><td class=\"t m0 x5d2 h29 y2726 ff2 fs22 fc2 sc0 ls0 ws0\">debt securities </td><td class=\"t m0 x956 h29 y2727 ff2 fs22 fc2 sc0 ls0 ws0\">in insurance </td><td></td></tr><tr><td></td><td class=\"t m0 x957 h29 y2728 ff2 fs22 fc2 sc0 ls0 ws0\">differ<span class=\"_ _0\"></span>ences<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x958 h29 y2729 ff2 fs22 fc2 sc0 ls0 ws0\">allow<span class=\"_ _0\"></span>ances<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d5 h29 y2729 ff2 fs22 fc2 sc0 ls0 ws0\">payments<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x959 h29 y272a ff2 fs22 fc2 sc0 ls0 ws0\">at FV<span class=\"_ _0\"></span>OCI<span class=\"_ _2d8\"> </span></td><td class=\"c n x95a y272b w68e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">finance reserv<span class=\"_ _0\"></span>e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95b y272b w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x95c y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95d y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95e y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95f y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x960 y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x961 y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y272d w61b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x962 y272d w68f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _dc\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x963 y272d w690 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>)</div></td><td class=\"c n x964 y272d w691 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>46<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _125\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x965 y272d w692 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span></div></td><td class=\"c n x966 y272d w693 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,596)</div></td><td class=\"c n x967 y272d w599 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>88\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y272e w694 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to the Pr<span class=\"_ _c\"></span>ofit or Loss</div></td><td class=\"c n x968 y272e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x969 y272e w695 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>43\ue01e</div></td><td class=\"c n x96a y272e w3e1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>88\ue01e</div></td><td class=\"c n x96b y272e w696 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5)</div></td><td class=\"c n x96c y272f w697 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x96d y272e w698 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y2730 w699 h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to Other Compr<span class=\"_ _c\"></span>ehensive<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Income</div></td><td class=\"c n x84c y2730 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x84d y2730 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x639 y2730 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x96e y2730 w5e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs41\"> </span>(<span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>4)</div></td><td class=\"c n x96f y2730 w6a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>395\ue01e</div></td><td class=\"c n x970 y2730 w69a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>49)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2731 w625 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x971 y2731 w69b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _117\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x972 y2731 w69c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">(<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)</div></td><td class=\"c n x973 y2731 w69d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>56\ue01e<span class=\"_ _125\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x974 y2732 w69e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>47<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11b\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x975 y2731 w69f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x976 y2731 w660 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs41\"> </span>26<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2733 w694 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to the Pr<span class=\"_ _c\"></span>ofit or Loss</div></td><td class=\"c n x977 y2734 w6a0 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _2e\"> </span><span class=\"ff2 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _66\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x978 y2733 w117 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsee ws100\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x979 y2733 w6a1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>90\ue01d<span class=\"_ _27e\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x97a y2733 w6a2 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">(6)</div></td><td class=\"c n x97b y2733 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97c y2733 w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>60\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y25cf w699 h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to Other Compr<span class=\"_ _c\"></span>ehensive<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Income</div></td><td class=\"c n x84c y25cf wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97d y25cf wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97e y25cf w6a3 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x97f y25cf w6a4 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsee ws100\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x980 y25cf w6a5 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>73<span class=\"_ _1\"></span>8\ue01d<span class=\"_ _8a\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x981 y25cf w6a6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">(6<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6a7 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25<span class=\"_ _f8\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x982 y24bc w6a8 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>7</div></td><td class=\"c n x983 y2522 w6a9 h68\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _78\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x984 y24bc w455 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8<span class=\"_ _1\"></span>46\ue01d</div></td><td class=\"c n x985 y24bc w6aa h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsc8 wsd1\"><span class=\"_ gs102\"> </span>(3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0)<span class=\"_ _a8\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x986 y24bc w6ab h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls50 ws52\">(4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x987 y24bc w264 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>82\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w687 ha0\" id=\"_03415da9-a081-41fd-a607-1153ef2ebd00\"><tr><td></td><td class=\"c n x1d6 y2685 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y2685 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y2686 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y2686 w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y271e ff4 fs7 fc2 sc0 ls0 ws0\">Per St<span class=\"_ _c\"></span>atement of Financial Position:<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y255c w89 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Deferr<span class=\"_ _c\"></span>ed tax assets</div></td><td class=\"c n x949 y255d w688 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _27f\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x94a y255c w689 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w68a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Deferr<span class=\"_ _c\"></span>ed tax liabilities</div></td><td class=\"c n x94b y24bb w68b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b9\"> </span><span class=\"ff2 lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>61)</span></div></td><td class=\"c n x94c y24bb w68c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,338<span class=\"_ _0\"></span>)</div></td></tr><tr><td></td><td class=\"c n x94d y24bc w264 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>82\ue01d</div></td><td class=\"c n x94e y24bc w660 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs41\"> </span>265<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Contents Gener<span class=\"_ _c\"></span>ation \u2013 Page<span class=\"_ _141\"> </span><span class=\"ff48\">Contents Gener<span class=\"_ _c\"></span>ation \u2013 Sub Page<span class=\"_ _155\"></span><span class=\"ff49\"><span class=\"_ _2d8\"> </span>Contents Generation \u2013 Sect<span class=\"_ _2d8\"> </span></span></span><span class=\"ff48\"><span class=\"ff49\">ion</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-335": {
   "value": "1<span class=\"_ _2\"></span>1<span class=\"_ _c\"></span>. DE<span class=\"_ _1\"></span>FE<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ED TAX A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax is r<span class=\"_ _c\"></span>ecognised in respect of all t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences that hav<span class=\"_ _0\"></span>e originated but not r<span class=\"_ _c\"></span>eversed at the balance sheet dat<span class=\"_ _c\"></span>e where tr<span class=\"_ _0\"></span>ansactions or ev<span class=\"_ _0\"></span>ents hav<span class=\"_ _0\"></span>e occurred at that dat<span class=\"_ _c\"></span>e that will result in an obligation t<span class=\"_ _c\"></span>o pay more,<span class=\"_ _2\"></span> or a right t<span class=\"_ _c\"></span>o pay less or to r<span class=\"_ _c\"></span>eceive mor<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> tax,<span class=\"_ _b\"></span> with the follo<span class=\"_ _c\"></span>wing exception.<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax assets ar<span class=\"_ _c\"></span>e recognised only t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that the Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors consider that it is more lik<span class=\"_ _c\"></span>ely than not that there will be suit<span class=\"_ _c\"></span>able tax<span class=\"_ _c\"></span>able profits fr<span class=\"_ _c\"></span>om which the future r<span class=\"_ _c\"></span>eversal of the underlying timing dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ences can be deducted.<span class=\"_ _2d8\"> </span><table class=\"s w68d ha1\" id=\"_57dd8776-0999-42e3-8d81-d83cca5661ce\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x94f h29 y271f ff2 fs22 fc2 sc0 ls0 ws0\">Fair v<span class=\"_ _0\"></span>alue </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x950 h29 y2720 ff2 fs22 fc2 sc0 ls0 ws0\">Pro<span class=\"_ _0\"></span>visions and </td><td class=\"t m0 x951 h29 y2721 ff2 fs22 fc2 sc0 ls0 ws0\">Depreciation in </td><td></td><td class=\"t m0 x952 h29 y2722 ff2 fs22 fc2 sc0 ls0 ws0\">mov<span class=\"_ _0\"></span>ements in </td><td class=\"t m0 x242 h29 y2723 ff2 fs22 fc2 sc0 ls0 ws0\">Mov<span class=\"_ _0\"></span>ement </td><td></td></tr><tr><td></td><td class=\"t m0 x953 h29 y2724 ff2 fs22 fc2 sc0 ls0 ws0\">other tempor<span class=\"_ _0\"></span>ary </td><td class=\"t m0 x954 h29 y2725 ff2 fs22 fc2 sc0 ls0 ws3f\">excess of capit<span class=\"_ _0\"></span>al </td><td class=\"t m0 x955 h29 y2725 ff2 fs22 fc2 sc0 ls0 ws0\">Share-based </td><td class=\"t m0 x5d2 h29 y2726 ff2 fs22 fc2 sc0 ls0 ws0\">debt securities </td><td class=\"t m0 x956 h29 y2727 ff2 fs22 fc2 sc0 ls0 ws0\">in insurance </td><td></td></tr><tr><td></td><td class=\"t m0 x957 h29 y2728 ff2 fs22 fc2 sc0 ls0 ws0\">differ<span class=\"_ _0\"></span>ences<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x958 h29 y2729 ff2 fs22 fc2 sc0 ls0 ws0\">allow<span class=\"_ _0\"></span>ances<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x5d5 h29 y2729 ff2 fs22 fc2 sc0 ls0 ws0\">payments<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x959 h29 y272a ff2 fs22 fc2 sc0 ls0 ws0\">at FV<span class=\"_ _0\"></span>OCI<span class=\"_ _2d8\"> </span></td><td class=\"c n x95a y272b w68e h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">finance reserv<span class=\"_ _0\"></span>e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95b y272b w26b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x95c y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95d y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95e y272c w280 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x95f y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x960 y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x961 y272c w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y272d w61b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 1 Ja<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>y 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x962 y272d w68f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _dc\"> </span><span class=\"lsa7 wsab\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x963 y272d w690 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa7 wsab\">(<span class=\"_ _1\"></span>18<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>)</div></td><td class=\"c n x964 y272d w691 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>46<span class=\"_ _1\"></span>8\ue01e<span class=\"_ _125\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x965 y272d w692 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1,9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _15f\"> </span></div></td><td class=\"c n x966 y272d w693 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,596)</div></td><td class=\"c n x967 y272d w599 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>6<span class=\"_ _1\"></span>88\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y272e w694 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to the Pr<span class=\"_ _c\"></span>ofit or Loss</div></td><td class=\"c n x968 y272e wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x969 y272e w695 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>43\ue01e</div></td><td class=\"c n x96a y272e w3e1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>88\ue01e</div></td><td class=\"c n x96b y272e w696 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls3a ws39\"><span class=\"_ gs41\"> </span>(5)</div></td><td class=\"c n x96c y272f w697 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dd\"> </span><span class=\"lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x96d y272e w698 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">12<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c x1de y2730 w699 h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to Other Compr<span class=\"_ _c\"></span>ehensive<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Income</div></td><td class=\"c n x84c y2730 wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x84d y2730 wbe h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _218\"> </span></div></td><td class=\"c n x639 y2730 w405 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x96e y2730 w5e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls8e ws91\"><span class=\"_ gs41\"> </span>(<span class=\"_ _1\"></span>94<span class=\"_ _1\"></span>4)</div></td><td class=\"c n x96f y2730 w6a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>395\ue01e</div></td><td class=\"c n x970 y2730 w69a h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>49)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2731 w625 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24</div></td><td class=\"c n x971 y2731 w69b h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span><span class=\"_ _117\"> </span><span class=\"lsd3 wse0\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x972 y2731 w69c h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsd3 wse0\">(<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>)</div></td><td class=\"c n x973 y2731 w69d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>5<span class=\"_ _1\"></span>56\ue01e<span class=\"_ _125\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x974 y2732 w69e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>47<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _11b\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x975 y2731 w69f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x976 y2731 w660 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs41\"> </span>26<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2733 w694 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to the Pr<span class=\"_ _c\"></span>ofit or Loss</div></td><td class=\"c n x977 y2734 w6a0 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _2e\"> </span><span class=\"ff2 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _66\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x978 y2733 w117 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsee ws100\">(<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x979 y2733 w6a1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _1\"></span>90\ue01d<span class=\"_ _27e\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x97a y2733 w6a2 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">(6)</div></td><td class=\"c n x97b y2733 we6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97c y2733 w604 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>60\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y25cf w699 h84\"><div class=\"t m0 x1d5 h9 y2676 ff4 fs7 fc2 sc0 ls0 ws0\">(Debit)/Cr<span class=\"_ _0\"></span>edit to Other Compr<span class=\"_ _c\"></span>ehensive<span class=\"_ _2d8\"> </span></div><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Income</div></td><td class=\"c n x84c y25cf wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97d y25cf wdf h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span></div></td><td class=\"c n x97e y25cf w6a3 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>\u2013<span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"lsee ws100\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x97f y25cf w6a4 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsee ws100\">(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>1)</div></td><td class=\"c n x980 y25cf w6a5 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb2 wsbb\"><span class=\"_ gs102\"> </span>73<span class=\"_ _1\"></span>8\ue01d<span class=\"_ _8a\"> </span><span class=\"ls8f ws92\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x981 y25cf w6a6 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls8f ws92\">(6<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>3)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6a7 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">At 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25<span class=\"_ _f8\"> </span><span class=\"lsa2 wsa4\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x982 y24bc w6a8 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsa2 wsa4\">19<span class=\"_ _1\"></span>7</div></td><td class=\"c n x983 y2522 w6a9 h68\"><div class=\"t m0 x1d5 h12 y2521 ff2 fs7 fc2 sc0 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _78\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>15<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>)</span></div></td><td class=\"c n x984 y24bc w455 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>8<span class=\"_ _1\"></span>46\ue01d</div></td><td class=\"c n x985 y24bc w6aa h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsc8 wsd1\"><span class=\"_ gs102\"> </span>(3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>0)<span class=\"_ _a8\"> </span><span class=\"ls50 ws52\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x986 y24bc w6ab h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls50 ws52\">(4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>)</div></td><td class=\"c n x987 y24bc w264 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>82\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w687 ha0\" id=\"_03415da9-a081-41fd-a607-1153ef2ebd00\"><tr><td></td><td class=\"c n x1d6 y2685 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y2685 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y2686 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y2686 w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h9 y271e ff4 fs7 fc2 sc0 ls0 ws0\">Per St<span class=\"_ _c\"></span>atement of Financial Position:<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y255c w89 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Deferr<span class=\"_ _c\"></span>ed tax assets</div></td><td class=\"c n x949 y255d w688 h62\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _27f\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,0<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x94a y255c w689 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w68a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Deferr<span class=\"_ _c\"></span>ed tax liabilities</div></td><td class=\"c n x94b y24bb w68b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1b9\"> </span><span class=\"ff2 lsee ws100\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>61)</span></div></td><td class=\"c n x94c y24bb w68c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls60 ws62\"><span class=\"_ gs41\"> </span>(1<span class=\"_ _c\"></span>,338<span class=\"_ _0\"></span>)</div></td></tr><tr><td></td><td class=\"c n x94d y24bc w264 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>82\ue01d</div></td><td class=\"c n x94e y24bc w660 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls84 ws83\"><span class=\"_ gs41\"> </span>265<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Contents Gener<span class=\"_ _c\"></span>ation \u2013 Page<span class=\"_ _141\"> </span><span class=\"ff48\">Contents Gener<span class=\"_ _c\"></span>ation \u2013 Sub Page<span class=\"_ _155\"></span><span class=\"ff49\"><span class=\"_ _2d8\"> </span>Contents Generation \u2013 Sect<span class=\"_ _2d8\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-381": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax is r<span class=\"_ _c\"></span>ecognised in respect of all t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences that hav<span class=\"_ _0\"></span>e originated but not r<span class=\"_ _c\"></span>eversed at the balance sheet dat<span class=\"_ _c\"></span>e where tr<span class=\"_ _0\"></span>ansactions or ev<span class=\"_ _0\"></span>ents hav<span class=\"_ _0\"></span>e occurred at that dat<span class=\"_ _c\"></span>e that will result in an obligation t<span class=\"_ _c\"></span>o pay more,<span class=\"_ _2\"></span> or a right t<span class=\"_ _c\"></span>o pay less or to r<span class=\"_ _c\"></span>eceive mor<span class=\"_ _0\"></span>e,<span class=\"_ _2\"></span> tax,<span class=\"_ _b\"></span> with the follo<span class=\"_ _c\"></span>wing exception.<span class=\"_ _2d8\"> </span>Deferr<span class=\"_ _c\"></span>ed tax assets ar<span class=\"_ _c\"></span>e recognised only t<span class=\"_ _0\"></span>o the ext<span class=\"_ _0\"></span>ent that the Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors consider that it is more lik<span class=\"_ _c\"></span>ely than not that there will be suit<span class=\"_ _c\"></span>able tax<span class=\"_ _c\"></span>able profits fr<span class=\"_ _c\"></span>om which the future r<span class=\"_ _c\"></span>eversal of the underlying timing dif<span class=\"_ _c\"></span>fer<span class=\"_ _c\"></span>ences can be deducted.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-317": {
   "value": "1<span class=\"_ _c\"></span>2<span class=\"_ _1\"></span>. DIVI<span class=\"_ _1\"></span>DE<span class=\"_ _1\"></span>ND<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Dividend distribution to the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s shareholders is r<span class=\"_ _c\"></span>ecognised as a liability in the Group\u2019<span class=\"_ _2\"></span>s financial stat<span class=\"_ _c\"></span>ements in the period in which the dividend is appr<span class=\"_ _0\"></span>ov<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span>2025<span class=\"_ _44\"> </span>2024<span class=\"_ _2d8\"> </span>pence per share<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>pence per share<span class=\"_ _218\"> </span>\u00a3\u2019k<span class=\"_ _2d8\"> </span>Amounts r<span class=\"_ _0\"></span>ecognised as distributions<span class=\"_ _0\"></span> to<span class=\"_ _0\"></span> equity holders in the<span class=\"_ _0\"></span> period<span class=\"_ _2d8\"> </span>Interim dividend f<span class=\"_ _c\"></span>or the current y<span class=\"_ _0\"></span>ear<span class=\"_ _20f\"> </span><span class=\"ff2 ls7c ws93\"><span class=\"_ gs102\"> </span>3.4<span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span><span class=\"lse3 ws1\"><span class=\"_ gs102\"> </span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>47<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11c\"> </span></span></span><span class=\"lsfa ws110\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>1.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _125\"> </span><span class=\"ls3a ws39\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>227<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></span></span>Final dividend for the prior y<span class=\"_ _c\"></span>ear<span class=\"_ _16b\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span><span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>.<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _124\"> </span><span class=\"ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _1d5\"> </span></span></span><span class=\"lsef ws101\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _17d\"> </span><span class=\"lse2 wsee\"><span class=\"_ gs41\"> </span><span class=\"_ _8\"></span>2<span class=\"_ _1a\"></span>0<span class=\"_ _8\"></span>,12<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></span><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>14<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _67\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs102\"> </span>3<span class=\"_ _1\"></span>6,3<span class=\"_ _1\"></span>38<span class=\"_ gs102\"> </span><span class=\"_ _11c\"> </span><span class=\"ff4 ls101 ws117\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>9.<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>24,349<span class=\"_ gs41\"> </span></span></span></span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _9\"> </span><span class=\"_ gs28c\"> </span></span>Proposed<span class=\"_ _0\"></span> dividends<span class=\"_ _280\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"_ gs28b\"> </span><span class=\"_ _52\"> </span><span class=\"ff4\"><span class=\"_ gs28c\"> </span><span class=\"_ _9\"> </span><span class=\"_ gs28c\"> </span></span></span>Final dividend (1)<span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.1<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span><span class=\"lsb0 wsb7\"><span class=\"_ gs102\"> </span>24,<span class=\"_ _2\"></span>907<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _60\"> </span><span class=\"ff4 lse4 wsef\"><span class=\"_ gs41\"> </span><span class=\"_ _1a\"></span>11<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span><span class=\"_ _124\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs41\"> </span>2<span class=\"_ _0\"></span>8,250<span class=\"_ gs41\"> </span></span></span></span>(1) <span class=\"_ _5\"> </span> <span class=\"_ _e\"></span>Subsequent to 31 December 2025,<span class=\"_ _2\"></span> the Directors dec<span class=\"_ _0\"></span>lared a final dividend f<span class=\"_ _0\"></span>or 2025 of <span>10.1</span>p per Ordinary Shar<span class=\"_ _0\"></span>e subject to appr<span class=\"_ _c\"></span>oval at the <span class=\"_ _c\"></span>Annual Gener<span class=\"_ _0\"></span>al Meeting.<span class=\"_ _2\"></span> This<span class=\"_ gs4c1\"> </span>dividend will be accounted f<span class=\"_ _c\"></span>or as an appropriation of r<span class=\"_ _0\"></span>etained earnings in the y<span class=\"_ _0\"></span>ear ended 31 December 2026 and is not included as a liability in the Stat<span class=\"_ _c\"></span>ement of<span class=\"_ gs4c1\"> </span>Financial Position as at 31 December 2025.<span class=\"_ _2d8\"> </span>The trust<span class=\"_ _0\"></span>ees of the employ<span class=\"_ _0\"></span>ee shar<span class=\"_ _0\"></span>e trusts waiv<span class=\"_ _0\"></span>ed their entitlement to dividends on shar<span class=\"_ _c\"></span>es held in the trusts to meet obligations arising on shar<span class=\"_ _c\"></span>e incentive schemes<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> which r<span class=\"_ _0\"></span>educed the dividends paid for the y<span class=\"_ _c\"></span>ear ended 31 December 2025 by \u00a3337k (2024:<span class=\"_ _c\"></span> \u00a3151k).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-375": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Dividend distribution to the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s shareholders is r<span class=\"_ _c\"></span>ecognised as a liability in the Group\u2019<span class=\"_ _2\"></span>s financial stat<span class=\"_ _c\"></span>ements in the period in which the dividend is appr<span class=\"_ _0\"></span>ov<span class=\"_ _c\"></span>ed.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-337": {
   "value": "0.101",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-336": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls102 ws118 gs4c3\">1<span class=\"_ _c\"></span>3. OT<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>R AS<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ET<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"gs4c4\"><table class=\"s w6ac ha2\" id=\"_419363b0-62db-4d16-b13d-313b2cff4a5a\"><tr><td></td><td class=\"c n x1d6 y26a3 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26a3 w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26a4 w281 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26a4 w282 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w6ad h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>epayments and accrued income</div></td><td class=\"c n x988 y24bb w6ae h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsf2 ws104\"><span class=\"_ gs102\"> </span>79<span class=\"_ _1\"></span>9\ue01d<span class=\"_ _dd\"> </span></span><span class=\"lsf1 ws102\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x989 y24bb w90 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf1 ws102\">778<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6af h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls0 ws0\">T<span class=\"_ _c\"></span>otal</div></td><td class=\"c n x98a y24bc w6b0 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsf2 ws104\"><span class=\"_ gs102\"> </span>799<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _dd\"> </span></div></td><td class=\"c n x98b y24bc w6b1 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lsf1 ws102\"><span class=\"_ gs41\"> </span>7<span class=\"_ _1\"></span>78\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4c5\">The carrying value of other assets appr<span class=\"_ _c\"></span>oximat<span class=\"_ _0\"></span>es to f<span class=\"_ _c\"></span>air value.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>There ar<span class=\"_ _c\"></span>e no amounts expected t<span class=\"_ _c\"></span>o be reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>ed more than 12 months aft<span class=\"_ _c\"></span>er the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4c6\">r<span class=\"_ _0\"></span>eporting date.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-338": {
   "value": "14<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span> G<span class=\"_ _8\"></span>O<span class=\"_ _8\"></span>O<span class=\"_ _8\"></span>D<span class=\"_ _1\"></span>W<span class=\"_ _8\"></span>I<span class=\"_ _8\"></span>L<span class=\"_ _8\"></span>L<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Goodwill has been r<span class=\"_ _0\"></span>ecognised in acquisitions of subsidiaries and r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the diff<span class=\"_ _c\"></span>erence between the cost of the acquisition and the f<span class=\"_ _c\"></span>air value of the net identifiable assets acquir<span class=\"_ _c\"></span>ed.<span class=\"_ _2\"></span> Goodwill is stat<span class=\"_ _0\"></span>ed at cost less an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _0\"></span>ed impairment losses.<span class=\"_ _2\"></span> IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT OF G<span class=\"_ _1\"></span>OODWI<span class=\"_ _1\"></span>LL<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup performs an annual impairment r<span class=\"_ _c\"></span>eview which in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es comparing the carr<span class=\"_ _1\"></span>ying amount to the estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount and r<span class=\"_ _0\"></span>ecognising an impairment loss if the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount is low<span class=\"_ _0\"></span>er than the carrying amount.<span class=\"_ _2\"></span> Impairment losses are r<span class=\"_ _c\"></span>ecognised thr<span class=\"_ _0\"></span>ough the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and ar<span class=\"_ _0\"></span>e not subsequently r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ersed.<span class=\"_ _2d8\"> </span>The r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>erable amount is the gr<span class=\"_ _c\"></span>eater of the f<span class=\"_ _0\"></span>air value of the asset less costs t<span class=\"_ _c\"></span>o sell and the value in use.<span class=\"_ _2d8\"> </span>The v<span class=\"_ _0\"></span>alue in use calculations use cash flow pr<span class=\"_ _c\"></span>ojections based on financial budgets appro<span class=\"_ _0\"></span>ved b<span class=\"_ _0\"></span>y management.<span class=\"_ _2d8\"> </span>On 3 January 2014,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup acquir<span class=\"_ _0\"></span>ed Binomial Gr<span class=\"_ _0\"></span>oup Limit<span class=\"_ _0\"></span>ed,<span class=\"_ _2\"></span> the parent of Sabr<span class=\"_ _c\"></span>e Insurance Compan<span class=\"_ _c\"></span>y Limited,<span class=\"_ _2\"></span> f<span class=\"_ _0\"></span>or a consider<span class=\"_ _0\"></span>ation of \u00a3245,485k satisfied by cash.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>As fr<span class=\"_ _0\"></span>om 1 January 2014,<span class=\"_ _2\"></span> the date of tr<span class=\"_ _c\"></span>ansition to IFRS<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> goodwill was no longer amortised but is subject to ann<span class=\"_ _0\"></span>ual impairment testing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Impairment testing in<span class=\"_ _c\"></span>volves comparing the carrying value of the net assets and goodwill against the r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount.<span class=\"_ _2d8\"> </span>The goodwill r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in r<span class=\"_ _0\"></span>espect of this tr<span class=\"_ _0\"></span>ansaction at the date of acquisition w<span class=\"_ _0\"></span>as \u00a3156,279k.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>There has been no impairment t<span class=\"_ _c\"></span>o goodwill since this date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> and no additional goodwill has been r<span class=\"_ _0\"></span>ecognised by the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup performed its annual impairment t<span class=\"_ _0\"></span>est as at 31 December 2025 and 31 December 2024.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group considers the r<span class=\"_ _c\"></span>elationship between the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s mark<span class=\"_ _0\"></span>et capitalisation and the book v<span class=\"_ _c\"></span>alue of its subsidiar<span class=\"_ _1\"></span>y undertakings,<span class=\"_ _2\"></span> among other f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ors,<span class=\"_ _2\"></span> when r<span class=\"_ _0\"></span>eviewing f<span class=\"_ _c\"></span>or indicators of impairment.<span class=\"_ _b\"></span> KEY A<span class=\"_ _c\"></span>S<span class=\"_ _1\"></span>SUMPTIONS<span class=\"_ _2d8\"> </span>The v<span class=\"_ _0\"></span>aluation uses fair v<span class=\"_ _0\"></span>alue less cost t<span class=\"_ _0\"></span>o sell.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The k<span class=\"_ _c\"></span>ey assumption on which the Gr<span class=\"_ _0\"></span>oup has based this value is:<span class=\"_ _2d8\"> </span>The mark<span class=\"_ _0\"></span>et capit<span class=\"_ _0\"></span>alisation of the Gr<span class=\"_ _0\"></span>oup as at 31 December 2025 of \u00a3320,580k (31 December 2024:<span class=\"_ _c\"></span> \u00a3345,000k).<span class=\"_ _2\"></span> The Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors concluded that the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount of the business unit would r<span class=\"_ _c\"></span>emain in excess of its carrying value ev<span class=\"_ _0\"></span>en aft<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>easonably<span class=\"_ gs41\"> </span>possible changes in the k<span class=\"_ _0\"></span>ey inputs and assumptions af<span class=\"_ _c\"></span>fecting its mark<span class=\"_ _0\"></span>et value,<span class=\"_ _2\"></span> such as a significant f<span class=\"_ _c\"></span>all in demand for its pr<span class=\"_ _0\"></span>oducts<span class=\"_ gs41\"> </span>or a significant adverse change in the v<span class=\"_ _c\"></span>olume of claims and increase in other e<span class=\"_ _0\"></span>xpenses,<span class=\"_ _2\"></span> befor<span class=\"_ _c\"></span>e the reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>able amount of the business unit would r<span class=\"_ _c\"></span>educe to less than its carrying value.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the Direct<span class=\"_ _c\"></span>ors are of the opinion that ther<span class=\"_ _c\"></span>e are no indicat<span class=\"_ _0\"></span>ors of impairment<span class=\"_ gs41\"> </span>as at 31 December 2025.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-318": {
   "value": "14<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span> G<span class=\"_ _8\"></span>O<span class=\"_ _8\"></span>O<span class=\"_ _8\"></span>D<span class=\"_ _1\"></span>W<span class=\"_ _8\"></span>I<span class=\"_ _8\"></span>L<span class=\"_ _8\"></span>L<span class=\"_ _2d8\"> </span>A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Goodwill has been r<span class=\"_ _0\"></span>ecognised in acquisitions of subsidiaries and r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the diff<span class=\"_ _c\"></span>erence between the cost of the acquisition and the f<span class=\"_ _c\"></span>air value of the net identifiable assets acquir<span class=\"_ _c\"></span>ed.<span class=\"_ _2\"></span> Goodwill is stat<span class=\"_ _0\"></span>ed at cost less an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _0\"></span>ed impairment losses.<span class=\"_ _2\"></span> IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT OF G<span class=\"_ _1\"></span>OODWI<span class=\"_ _1\"></span>LL<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup performs an annual impairment r<span class=\"_ _c\"></span>eview which in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es comparing the carr<span class=\"_ _1\"></span>ying amount to the estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount and r<span class=\"_ _0\"></span>ecognising an impairment loss if the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount is low<span class=\"_ _0\"></span>er than the carrying amount.<span class=\"_ _2\"></span> Impairment losses are r<span class=\"_ _c\"></span>ecognised thr<span class=\"_ _0\"></span>ough the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and ar<span class=\"_ _0\"></span>e not subsequently r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ersed.<span class=\"_ _2d8\"> </span>The r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>erable amount is the gr<span class=\"_ _c\"></span>eater of the f<span class=\"_ _0\"></span>air value of the asset less costs t<span class=\"_ _c\"></span>o sell and the value in use.<span class=\"_ _2d8\"> </span>The v<span class=\"_ _0\"></span>alue in use calculations use cash flow pr<span class=\"_ _c\"></span>ojections based on financial budgets appro<span class=\"_ _0\"></span>ved b<span class=\"_ _0\"></span>y management.<span class=\"_ _2d8\"> </span>On 3 January 2014,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup acquir<span class=\"_ _0\"></span>ed Binomial Gr<span class=\"_ _0\"></span>oup Limit<span class=\"_ _0\"></span>ed,<span class=\"_ _2\"></span> the parent of Sabr<span class=\"_ _c\"></span>e Insurance Compan<span class=\"_ _c\"></span>y Limited,<span class=\"_ _2\"></span> f<span class=\"_ _0\"></span>or a consider<span class=\"_ _0\"></span>ation of \u00a3245,485k satisfied by cash.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>As fr<span class=\"_ _0\"></span>om 1 January 2014,<span class=\"_ _2\"></span> the date of tr<span class=\"_ _c\"></span>ansition to IFRS<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> goodwill was no longer amortised but is subject to ann<span class=\"_ _0\"></span>ual impairment testing<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> Impairment testing in<span class=\"_ _c\"></span>volves comparing the carrying value of the net assets and goodwill against the r<span class=\"_ _c\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount.<span class=\"_ _2d8\"> </span>The goodwill r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in r<span class=\"_ _0\"></span>espect of this tr<span class=\"_ _0\"></span>ansaction at the date of acquisition w<span class=\"_ _0\"></span>as \u00a3156,279k.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>There has been no impairment t<span class=\"_ _c\"></span>o goodwill since this date<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> and no additional goodwill has been r<span class=\"_ _0\"></span>ecognised by the Gr<span class=\"_ _c\"></span>oup.<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup performed its annual impairment t<span class=\"_ _0\"></span>est as at 31 December 2025 and 31 December 2024.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group considers the r<span class=\"_ _c\"></span>elationship between the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s mark<span class=\"_ _0\"></span>et capitalisation and the book v<span class=\"_ _c\"></span>alue of its subsidiar<span class=\"_ _1\"></span>y undertakings,<span class=\"_ _2\"></span> among other f<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ors,<span class=\"_ _2\"></span> when r<span class=\"_ _0\"></span>eviewing f<span class=\"_ _c\"></span>or indicators of impairment.<span class=\"_ _b\"></span> KEY A<span class=\"_ _c\"></span>S<span class=\"_ _1\"></span>SUMPTIONS<span class=\"_ _2d8\"> </span>The v<span class=\"_ _0\"></span>aluation uses fair v<span class=\"_ _0\"></span>alue less cost t<span class=\"_ _0\"></span>o sell.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The k<span class=\"_ _c\"></span>ey assumption on which the Gr<span class=\"_ _0\"></span>oup has based this value is:<span class=\"_ _2d8\"> </span>The mark<span class=\"_ _0\"></span>et capit<span class=\"_ _0\"></span>alisation of the Gr<span class=\"_ _0\"></span>oup as at 31 December 2025 of \u00a3320,580k (31 December 2024:<span class=\"_ _c\"></span> \u00a3345,000k).<span class=\"_ _2\"></span> The Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors concluded that the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount of the business unit would r<span class=\"_ _c\"></span>emain in excess of its carrying value ev<span class=\"_ _0\"></span>en aft<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>easonably<span class=\"_ gs41\"> </span>possible changes in the k<span class=\"_ _0\"></span>ey inputs and assumptions af<span class=\"_ _c\"></span>fecting its mark<span class=\"_ _0\"></span>et value,<span class=\"_ _2\"></span> such as a significant f<span class=\"_ _c\"></span>all in demand for its pr<span class=\"_ _0\"></span>oducts<span class=\"_ gs41\"> </span>or a significant adverse change in the v<span class=\"_ _c\"></span>olume of claims and increase in other e<span class=\"_ _0\"></span>xpenses,<span class=\"_ _2\"></span> befor<span class=\"_ _c\"></span>e the reco<span class=\"_ _c\"></span>ver<span class=\"_ _0\"></span>able amount of the business unit would r<span class=\"_ _c\"></span>educe to less than its carrying value.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>Ther<span class=\"_ _0\"></span>efor<span class=\"_ _c\"></span>e,<span class=\"_ _2\"></span> the Direct<span class=\"_ _c\"></span>ors are of the opinion that ther<span class=\"_ _c\"></span>e are no indicat<span class=\"_ _0\"></span>ors of impairment<span class=\"_ gs41\"> </span>as at 31 December 2025.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-390": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Goodwill has been r<span class=\"_ _0\"></span>ecognised in acquisitions of subsidiaries and r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the diff<span class=\"_ _c\"></span>erence between the cost of the acquisition and the f<span class=\"_ _c\"></span>air value of the net identifiable assets acquir<span class=\"_ _c\"></span>ed.<span class=\"_ _2\"></span> Goodwill is stat<span class=\"_ _0\"></span>ed at cost less an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _0\"></span>ed impairment losses.<span class=\"_ _2\"></span> IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT OF G<span class=\"_ _1\"></span>OODWI<span class=\"_ _1\"></span>LL<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup performs an annual impairment r<span class=\"_ _c\"></span>eview which in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es comparing the carr<span class=\"_ _1\"></span>ying amount to the estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount and r<span class=\"_ _0\"></span>ecognising an impairment loss if the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount is low<span class=\"_ _0\"></span>er than the carrying amount.<span class=\"_ _2\"></span> Impairment losses are r<span class=\"_ _c\"></span>ecognised thr<span class=\"_ _0\"></span>ough the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and ar<span class=\"_ _0\"></span>e not subsequently r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ersed.<span class=\"_ _2d8\"> </span>The r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>erable amount is the gr<span class=\"_ _c\"></span>eater of the f<span class=\"_ _0\"></span>air value of the asset less costs t<span class=\"_ _c\"></span>o sell and the value in use.<span class=\"_ _2d8\"> </span>The v<span class=\"_ _0\"></span>alue in use calculations use cash flow pr<span class=\"_ _c\"></span>ojections based on financial budgets appro<span class=\"_ _0\"></span>ved b<span class=\"_ _0\"></span>y management.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-386": {
   "value": "A<span class=\"_ _0\"></span>CCOUNTI<span class=\"_ _1\"></span>NG POLICY<span class=\"_ _2d8\"> </span>Goodwill has been r<span class=\"_ _0\"></span>ecognised in acquisitions of subsidiaries and r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents the diff<span class=\"_ _c\"></span>erence between the cost of the acquisition and the f<span class=\"_ _c\"></span>air value of the net identifiable assets acquir<span class=\"_ _c\"></span>ed.<span class=\"_ _2\"></span> Goodwill is stat<span class=\"_ _0\"></span>ed at cost less an<span class=\"_ _0\"></span>y accumulat<span class=\"_ _0\"></span>ed impairment losses.<span class=\"_ _2\"></span> IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT OF G<span class=\"_ _1\"></span>OODWI<span class=\"_ _1\"></span>LL<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup performs an annual impairment r<span class=\"_ _c\"></span>eview which in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es comparing the carr<span class=\"_ _1\"></span>ying amount to the estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount and r<span class=\"_ _0\"></span>ecognising an impairment loss if the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount is low<span class=\"_ _0\"></span>er than the carrying amount.<span class=\"_ _2\"></span> Impairment losses are r<span class=\"_ _c\"></span>ecognised thr<span class=\"_ _0\"></span>ough the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and ar<span class=\"_ _0\"></span>e not subsequently r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ersed.<span class=\"_ _2d8\"> </span>The r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>erable amount is the gr<span class=\"_ _c\"></span>eater of the f<span class=\"_ _0\"></span>air value of the asset less costs t<span class=\"_ _c\"></span>o sell and the value in use.<span class=\"_ _2d8\"> </span>The v<span class=\"_ _0\"></span>alue in use calculations use cash flow pr<span class=\"_ _c\"></span>ojections based on financial budgets appro<span class=\"_ _0\"></span>ved b<span class=\"_ _0\"></span>y management.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-382": {
   "value": "IM<span class=\"_ _1\"></span>P<span class=\"_ _0\"></span>AI<span class=\"_ _1\"></span>RM<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>NT OF G<span class=\"_ _1\"></span>OODWI<span class=\"_ _1\"></span>LL<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup performs an annual impairment r<span class=\"_ _c\"></span>eview which in<span class=\"_ _0\"></span>volv<span class=\"_ _c\"></span>es comparing the carr<span class=\"_ _1\"></span>ying amount to the estimat<span class=\"_ _c\"></span>ed reco<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>able amount and r<span class=\"_ _0\"></span>ecognising an impairment loss if the r<span class=\"_ _0\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount is low<span class=\"_ _0\"></span>er than the carrying amount.<span class=\"_ _2\"></span> Impairment losses are r<span class=\"_ _c\"></span>ecognised thr<span class=\"_ _0\"></span>ough the Pr<span class=\"_ _0\"></span>ofit or Loss <span class=\"_ _c\"></span>Account and ar<span class=\"_ _0\"></span>e not subsequently r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ersed.<span class=\"_ _2d8\"> </span>The r<span class=\"_ _0\"></span>ecov<span class=\"_ _c\"></span>erable amount is the gr<span class=\"_ _c\"></span>eater of the f<span class=\"_ _0\"></span>air value of the asset less costs t<span class=\"_ _c\"></span>o sell and the value in use.<span class=\"_ _2d8\"> </span>The v<span class=\"_ _0\"></span>alue in use calculations use cash flow pr<span class=\"_ _c\"></span>ojections based on financial budgets appro<span class=\"_ _0\"></span>ved b<span class=\"_ _0\"></span>y management.<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-319": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 lsf3 ws108 gs4d2\">1<span class=\"_ _c\"></span>5. S<span class=\"_ _1\"></span>HARE C<span class=\"_ _0\"></span>APIT<span class=\"_ _0\"></span>AL<span class=\"_ _2d8\"> </span></div><div class=\"gs4d3\"><table class=\"s w6b2 ha3\" id=\"_937059b3-4178-4a90-a6cb-d0e3884669f3\"><tr><td></td><td></td><td class=\"c n x98c y2735 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x98d y2735 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x98e y2735 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x98f y2735 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2736 w6b3 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Authorised shar<span class=\"_ _0\"></span>e capital<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x990 y2736 w6b4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Number of shares<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x991 y2736 w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x992 y2736 w6b6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Number of shares<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x993 y2736 w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6b7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">250,000,000<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x994 y24bc w6b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Or<span class=\"_ _0\"></span>dinary Shares of \u00a30.001 each</div></td><td class=\"c n x995 y24bc w6b9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1db\"> </span><span class=\"ff2 ls103 ws119\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>250<span class=\"_ _c\"></span>,000<span class=\"_ _c\"></span>,<span class=\"_ _0\"></span>000<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></span></div></td><td class=\"c n x996 y24bc w6ba h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>50,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x997 y24bc w6bb h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls103 ws119\">000<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span></div></td><td class=\"c n x998 y24bc w6bc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\"><span class=\"_ gs41\"> </span>2<span class=\"_ _c\"></span>50<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x999 y24bc w6bd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\">,000<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>000\ue01e</div></td><td class=\"c n x99a y24bc w6be h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\"><span class=\"_ _125\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>50<span class=\"_ _c\"></span>,<span class=\"_ _0\"></span>000<span class=\"_ _0\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs4d4\">Number of shares<span class=\"_ _2d8\"> </span></div><div class=\"gs4d5\"><table class=\"s w6bf ha4\" id=\"_02a0717d-73b9-44e4-86b4-a2624a6675c3\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x99b h29 y2737 ff2 fs22 fc2 sc0 ls0 ws0\">Share capit<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y2738 w6c0 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Issued ordinary share capit<span class=\"_ _0\"></span>al (fully paid up)<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x99c y2738 w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2739 w6c1 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">As at 1 J<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>5</div></td><td></td><td class=\"c n x99d y2739 w6c2 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\"><span class=\"_ _281\"> </span><span class=\"ls103 ws119\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>250<span class=\"_ _c\"></span>,000<span class=\"_ _c\"></span>,0<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></span></div></td><td class=\"c n x99e y2739 w6c3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>50,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x99f y2739 w6c4 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls103 ws119\">000<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y273a w6c5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cancellation of shar<span class=\"_ _0\"></span>es under shar<span class=\"_ _0\"></span>e buyback pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme</div></td><td></td><td class=\"c n x9a0 y273a w6c6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _282\"> </span><span class=\"ff2 ls103 ws119\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>(3<span class=\"_ _c\"></span>,400<span class=\"_ _c\"></span>,000<span class=\"_ _c\"></span>)</span></div></td><td class=\"c n x9a1 y273a w6c7 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsc8 wsd1\"><span class=\"_ gs102\"> </span>(3,<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6c8 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>5</div></td><td class=\"c n x9a2 y24bc w6c9 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>2<span class=\"_ _0\"></span>46<span class=\"_ _c\"></span>,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9a3 y24bc w6ca h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls103 ws119\">00,<span class=\"_ _c\"></span>000<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span></div></td><td class=\"c n x9a4 y24bc w1fc h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9a5 y24bc w27c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\">46<span class=\"_ _1\"></span>,60<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h29 ff2 fs22 fc2 sc0 ls0 ws0 gs4d6\">Number of shares<span class=\"_ _2d8\"> </span></div><div class=\"gs4d7\"><table class=\"s w6cb ha5\" id=\"_260fabe8-e848-4e7c-b82f-b7d9ccef7e73\"><tr><td></td><td></td><td></td><td class=\"t m0 x99b h29 y273b ff2 fs22 fc2 sc0 ls0 ws0\">Share capit<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y273c w6c0 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Issued ordinary share capit<span class=\"_ _0\"></span>al (fully paid up)<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x99c y273c w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2739 w6c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 1 J<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x9a6 y2739 w6cc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\"><span class=\"_ gs41\"> </span>2<span class=\"_ _c\"></span>50<span class=\"_ _c\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9a7 y2739 w6cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\">000<span class=\"_ _0\"></span>,<span class=\"_ _c\"></span>000\ue01e</div></td><td class=\"c n x9a8 y2739 w6ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\"><span class=\"_ _125\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>50<span class=\"_ _c\"></span>,<span class=\"_ _0\"></span>000<span class=\"_ _c\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y273d w6c5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cancellation of shar<span class=\"_ _0\"></span>es under shar<span class=\"_ _0\"></span>e buyback pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme</div></td><td></td><td class=\"c n x9a9 y273d wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x9aa y273d wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td></td><td class=\"c n x9ab y26bd w6cf h67\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls46 ws0\"><span class=\"_ _119\"> </span><span class=\"ff4 ls104 ws11a\"><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span>2<span class=\"_ _c\"></span>50<span class=\"_ _0\"></span>,<span class=\"_ _c\"></span>000,<span class=\"_ _c\"></span>000<span class=\"_ _0\"></span><span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9ac y24bc wd7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\">25<span class=\"_ _c\"></span>0,<span class=\"_ _c\"></span>000<span class=\"_ _0\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4d8\">All shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e unr<span class=\"_ _0\"></span>estricted and carry equal voting rights<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls21 ws23 gs4d9\">SHAR<span class=\"_ _1\"></span>E BUYBA<span class=\"_ _c\"></span>CK<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4da\">During the year the Gr<span class=\"_ _c\"></span>oup execut<span class=\"_ _c\"></span>ed a share buyback pr<span class=\"_ _c\"></span>ogramme<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>A t<span class=\"_ _0\"></span>otal of 3,400,000 Or<span class=\"_ _c\"></span>dinar<span class=\"_ _1\"></span>y Shar<span class=\"_ _0\"></span>es (r<span class=\"_ _0\"></span>epresenting 1.36% of Sabr<span class=\"_ _c\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4db\">Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc\u2019<span class=\"_ _2\"></span>s issued share capit<span class=\"_ _c\"></span>al as at 31 December 2024) were pur<span class=\"_ _c\"></span>chased under this pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme for cancellation at a t<span class=\"_ _c\"></span>otal cost of </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4dc\">\u00a35,067,110.46 including costs,<span class=\"_ _2\"></span> at an av<span class=\"_ _c\"></span>erage shar<span class=\"_ _c\"></span>e price of 146.19p per share,<span class=\"_ _2\"></span> exc<span class=\"_ _0\"></span>luding any costs<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls21 ws23 gs4de\">OWN<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>HARE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4df\">Own shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e shar<span class=\"_ _0\"></span>es in Sabre Insur<span class=\"_ _c\"></span>ance Gr<span class=\"_ _0\"></span>oup plc that are held b<span class=\"_ _c\"></span>y the Sabre Insur<span class=\"_ _c\"></span>ance Group Emplo<span class=\"_ _0\"></span>yee Benefit <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>rust (\u201cEBT\u201d) for the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4e0\">purpose of issuing shar<span class=\"_ _0\"></span>es under the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s equity-settled share-based schemes (r<span class=\"_ _c\"></span>efer t<span class=\"_ _0\"></span>o Note 16 f<span class=\"_ _c\"></span>or fur<span class=\"_ _1\"></span>ther information).<span class=\"_ _2d8\"> </span></div><div class=\"gs4e1\"><table class=\"s w6d0 ha6\" id=\"_e3186dac-d610-4200-9ba5-589067684ede\"><tr><td></td><td class=\"t m0 x9ad h29 y273e ff2 fs22 fc2 sc0 ls0 ws0\">Shares bought/(sold) on open mark<span class=\"_ _0\"></span>et<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x9ae y273f w6b4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Number of shares<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9af y273f w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2740 w6c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 1 J<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x9b0 y2740 w6d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>89<span class=\"_ _c\"></span>,250\ue01e</div></td><td></td><td class=\"c n x9b1 y2740 w6d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _1\"></span>0,53<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2741 w6d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es pur<span class=\"_ _0\"></span>chased<span class=\"_ _284\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9b2 y2742 w6d4 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>377<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9b3 y2741 w6d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2743 w6d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es vest<span class=\"_ _c\"></span>ed</div></td><td class=\"c n x9b4 y2743 w6d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>2,<span class=\"_ _c\"></span>91<span class=\"_ _c\"></span>9)<span class=\"_ _e4\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9b5 y2743 w6d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>91,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2744 w6d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4<span class=\"_ _286\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9b6 y2744 w6da h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x9b7 y2744 w6db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>3,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,4<span class=\"_ _1\"></span>38\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2745 w6dc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es pur<span class=\"_ _0\"></span>chased</div></td><td class=\"c n x9b8 y2745 w6dd h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>8<span class=\"_ _c\"></span>65,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9b9 y2746 w54b h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls103 ws119\">000<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x9ba y2745 w6de h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y273a w6d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es vest<span class=\"_ _c\"></span>ed</div></td><td class=\"c n x9bb y273a w6df h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>534,<span class=\"_ _0\"></span>606<span class=\"_ _c\"></span>)</div></td><td class=\"c n x9bc y273a w6e0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs102\"> </span>(8<span class=\"_ _1\"></span>27<span class=\"_ _c\"></span>,3<span class=\"_ _1\"></span>83)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6e1 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>5<span class=\"_ _288\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x9bd y24bc w6e2 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lse1 wsed\">2<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td></td><td class=\"c n x9be y24bc w6e3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls1d ws1f\"><span class=\"_ gs102\"> </span>3,<span class=\"_ _0\"></span>353,<span class=\"_ _c\"></span>97<span class=\"_ _0\"></span>5\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"gs4e2\"><table class=\"s w6e4 ha7\" id=\"_8ed19d75-da31-4e7c-b495-738a07224e19\"><tr><td class=\"c n x1de y2747 w6e5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">In thousands<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9bf y2747 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y273a w6e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">31 December 2024<span class=\"_ _1e6\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x366 y273a w6e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6e8 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x9c0 y24bc wb0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,3<span class=\"_ _1\"></span>54\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4e3\">Shar<span class=\"_ _0\"></span>es issued to emplo<span class=\"_ _c\"></span>yees ar<span class=\"_ _0\"></span>e recognised on a first-in-first-out basis<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4e4\">As at 31 December 2025,<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Sabre Insur<span class=\"_ _c\"></span>ance Group Emplo<span class=\"_ _c\"></span>yee Benefit <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>rust held 2,293,102 (2024:1,962,708) of the 246,600,000 issued </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4e5\">Or<span class=\"_ _0\"></span>dinary Shares with a nominal v<span class=\"_ _0\"></span>alue of \u00a32,293.10 (2024:<span class=\"_ _c\"></span> \u00a31,962.71) in connection with the oper<span class=\"_ _0\"></span>ation of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s share plans.<span class=\"_ _b\"></span> Refer to </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4e6\">Notes 16 and 17 f<span class=\"_ _c\"></span>or additional information on own shar<span class=\"_ _c\"></span>es held.<span class=\"_ _2d8\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-339": {
   "value": "1<span class=\"_ _c\"></span>5. S<span class=\"_ _1\"></span>HARE C<span class=\"_ _0\"></span>APIT<span class=\"_ _0\"></span>AL<span class=\"_ _2d8\"> </span><table class=\"s w6b2 ha3\" id=\"_937059b3-4178-4a90-a6cb-d0e3884669f3\"><tr><td></td><td></td><td class=\"c n x98c y2735 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x98d y2735 w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x98e y2735 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x98f y2735 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2736 w6b3 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Authorised shar<span class=\"_ _0\"></span>e capital<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x990 y2736 w6b4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Number of shares<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x991 y2736 w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x992 y2736 w6b6 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Number of shares<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x993 y2736 w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6b7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">250,000,000<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x994 y24bc w6b8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Or<span class=\"_ _0\"></span>dinary Shares of \u00a30.001 each</div></td><td class=\"c n x995 y24bc w6b9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _1db\"> </span><span class=\"ff2 ls103 ws119\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>250<span class=\"_ _c\"></span>,000<span class=\"_ _c\"></span>,<span class=\"_ _0\"></span>000<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></span></div></td><td class=\"c n x996 y24bc w6ba h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>50,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x997 y24bc w6bb h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls103 ws119\">000<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _41\"> </span></div></td><td class=\"c n x998 y24bc w6bc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\"><span class=\"_ gs41\"> </span>2<span class=\"_ _c\"></span>50<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x999 y24bc w6bd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\">,000<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>000\ue01e</div></td><td class=\"c n x99a y24bc w6be h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\"><span class=\"_ _125\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>50<span class=\"_ _c\"></span>,<span class=\"_ _0\"></span>000<span class=\"_ _0\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>Number of shares<span class=\"_ _2d8\"> </span><table class=\"s w6bf ha4\" id=\"_02a0717d-73b9-44e4-86b4-a2624a6675c3\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x99b h29 y2737 ff2 fs22 fc2 sc0 ls0 ws0\">Share capit<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y2738 w6c0 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Issued ordinary share capit<span class=\"_ _0\"></span>al (fully paid up)<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x99c y2738 w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2739 w6c1 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">As at 1 J<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>5</div></td><td></td><td class=\"c n x99d y2739 w6c2 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\"><span class=\"_ _281\"> </span><span class=\"ls103 ws119\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>250<span class=\"_ _c\"></span>,000<span class=\"_ _c\"></span>,0<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span></span></div></td><td class=\"c n x99e y2739 w6c3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>2<span class=\"_ _c\"></span>50,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x99f y2739 w6c4 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls103 ws119\">000<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y273a w6c5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cancellation of shar<span class=\"_ _0\"></span>es under shar<span class=\"_ _0\"></span>e buyback pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme</div></td><td></td><td class=\"c n x9a0 y273a w6c6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _282\"> </span><span class=\"ff2 ls103 ws119\"><span class=\"_ gs102\"> </span><span class=\"_ _c\"></span>(3<span class=\"_ _c\"></span>,400<span class=\"_ _c\"></span>,000<span class=\"_ _c\"></span>)</span></div></td><td class=\"c n x9a1 y273a w6c7 h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsc8 wsd1\"><span class=\"_ gs102\"> </span>(3,<span class=\"_ _1\"></span>40<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6c8 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>5</div></td><td class=\"c n x9a2 y24bc w6c9 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>2<span class=\"_ _0\"></span>46<span class=\"_ _c\"></span>,6<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9a3 y24bc w6ca h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls103 ws119\">00,<span class=\"_ _c\"></span>000<span class=\"_ _c\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11f\"> </span></div></td><td class=\"c n x9a4 y24bc w1fc h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9a5 y24bc w27c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls2f ws85\">46<span class=\"_ _1\"></span>,60<span class=\"_ _1\"></span>0\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table>Number of shares<span class=\"_ _2d8\"> </span><table class=\"s w6cb ha5\" id=\"_260fabe8-e848-4e7c-b82f-b7d9ccef7e73\"><tr><td></td><td></td><td></td><td class=\"t m0 x99b h29 y273b ff2 fs22 fc2 sc0 ls0 ws0\">Share capit<span class=\"_ _0\"></span>al<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y273c w6c0 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Issued ordinary share capit<span class=\"_ _0\"></span>al (fully paid up)<span class=\"_ _2d8\"> </span></div></td><td></td><td></td><td class=\"c n x99c y273c w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2739 w6c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 1 J<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x9a6 y2739 w6cc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\"><span class=\"_ gs41\"> </span>2<span class=\"_ _c\"></span>50<span class=\"_ _c\"></span>,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9a7 y2739 w6cd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\">000<span class=\"_ _0\"></span>,<span class=\"_ _c\"></span>000\ue01e</div></td><td class=\"c n x9a8 y2739 w6ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\"><span class=\"_ _125\"> </span><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>50<span class=\"_ _c\"></span>,<span class=\"_ _0\"></span>000<span class=\"_ _c\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y273d w6c5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Cancellation of shar<span class=\"_ _0\"></span>es under shar<span class=\"_ _0\"></span>e buyback pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme</div></td><td></td><td class=\"c n x9a9 y273d wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x9aa y273d wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6c8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td></td><td class=\"c n x9ab y26bd w6cf h67\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 ls46 ws0\"><span class=\"_ _119\"> </span><span class=\"ff4 ls104 ws11a\"><span class=\"_ gs41\"> </span><span class=\"_ _0\"></span>2<span class=\"_ _c\"></span>50<span class=\"_ _0\"></span>,<span class=\"_ _c\"></span>000,<span class=\"_ _c\"></span>000<span class=\"_ _0\"></span><span class=\"_ gs41\"> </span><span class=\"_ _aa\"> </span><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9ac y24bc wd7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls104 ws11a\">25<span class=\"_ _c\"></span>0,<span class=\"_ _c\"></span>000<span class=\"_ _0\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>All shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e unr<span class=\"_ _0\"></span>estricted and carry equal voting rights<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>SHAR<span class=\"_ _1\"></span>E BUYBA<span class=\"_ _c\"></span>CK<span class=\"_ _2d8\"> </span>During the year the Gr<span class=\"_ _c\"></span>oup execut<span class=\"_ _c\"></span>ed a share buyback pr<span class=\"_ _c\"></span>ogramme<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>A t<span class=\"_ _0\"></span>otal of 3,400,000 Or<span class=\"_ _c\"></span>dinar<span class=\"_ _1\"></span>y Shar<span class=\"_ _0\"></span>es (r<span class=\"_ _0\"></span>epresenting 1.36% of Sabr<span class=\"_ _c\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc\u2019<span class=\"_ _2\"></span>s issued share capit<span class=\"_ _c\"></span>al as at 31 December 2024) were pur<span class=\"_ _c\"></span>chased under this pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amme for cancellation at a t<span class=\"_ _c\"></span>otal cost of \u00a35,067,110.46 including costs,<span class=\"_ _2\"></span> at an av<span class=\"_ _c\"></span>erage shar<span class=\"_ _c\"></span>e price of 146.19p per share,<span class=\"_ _2\"></span> exc<span class=\"_ _0\"></span>luding any costs<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span>OWN<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>HARE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>Own shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e shar<span class=\"_ _0\"></span>es in Sabre Insur<span class=\"_ _c\"></span>ance Gr<span class=\"_ _0\"></span>oup plc that are held b<span class=\"_ _c\"></span>y the Sabre Insur<span class=\"_ _c\"></span>ance Group Emplo<span class=\"_ _0\"></span>yee Benefit <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>rust (\u201cEBT\u201d) for the purpose of issuing shar<span class=\"_ _0\"></span>es under the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s equity-settled share-based schemes (r<span class=\"_ _c\"></span>efer t<span class=\"_ _0\"></span>o Note 16 f<span class=\"_ _c\"></span>or fur<span class=\"_ _1\"></span>ther information).<span class=\"_ _2d8\"> </span><table class=\"s w6d0 ha6\" id=\"_e3186dac-d610-4200-9ba5-589067684ede\"><tr><td></td><td class=\"t m0 x9ad h29 y273e ff2 fs22 fc2 sc0 ls0 ws0\">Shares bought/(sold) on open mark<span class=\"_ _0\"></span>et<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x9ae y273f w6b4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Number of shares<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9af y273f w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2740 w6c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 1 J<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x9b0 y2740 w6d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>89<span class=\"_ _c\"></span>,250\ue01e</div></td><td></td><td class=\"c n x9b1 y2740 w6d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _1\"></span>0,53<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2741 w6d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es pur<span class=\"_ _0\"></span>chased<span class=\"_ _284\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9b2 y2742 w6d4 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>377<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9b3 y2741 w6d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2743 w6d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es vest<span class=\"_ _c\"></span>ed</div></td><td class=\"c n x9b4 y2743 w6d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>2,<span class=\"_ _c\"></span>91<span class=\"_ _c\"></span>9)<span class=\"_ _e4\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9b5 y2743 w6d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>91,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2744 w6d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4<span class=\"_ _286\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9b6 y2744 w6da h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x9b7 y2744 w6db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>3,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,4<span class=\"_ _1\"></span>38\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2745 w6dc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es pur<span class=\"_ _0\"></span>chased</div></td><td class=\"c n x9b8 y2745 w6dd h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>8<span class=\"_ _c\"></span>65,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9b9 y2746 w54b h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls103 ws119\">000<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x9ba y2745 w6de h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y273a w6d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es vest<span class=\"_ _c\"></span>ed</div></td><td class=\"c n x9bb y273a w6df h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>534,<span class=\"_ _0\"></span>606<span class=\"_ _c\"></span>)</div></td><td class=\"c n x9bc y273a w6e0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs102\"> </span>(8<span class=\"_ _1\"></span>27<span class=\"_ _c\"></span>,3<span class=\"_ _1\"></span>83)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6e1 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>5<span class=\"_ _288\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x9bd y24bc w6e2 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lse1 wsed\">2<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td></td><td class=\"c n x9be y24bc w6e3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls1d ws1f\"><span class=\"_ gs102\"> </span>3,<span class=\"_ _0\"></span>353,<span class=\"_ _c\"></span>97<span class=\"_ _0\"></span>5\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w6e4 ha7\" id=\"_8ed19d75-da31-4e7c-b495-738a07224e19\"><tr><td class=\"c n x1de y2747 w6e5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">In thousands<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9bf y2747 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y273a w6e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">31 December 2024<span class=\"_ _1e6\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x366 y273a w6e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6e8 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x9c0 y24bc wb0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,3<span class=\"_ _1\"></span>54\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table>Shar<span class=\"_ _0\"></span>es issued to emplo<span class=\"_ _c\"></span>yees ar<span class=\"_ _0\"></span>e recognised on a first-in-first-out basis<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> As at 31 December 2025,<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Sabre Insur<span class=\"_ _c\"></span>ance Group Emplo<span class=\"_ _c\"></span>yee Benefit <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>rust held 2,293,102 (2024:1,962,708) of the 246,600,000 issued Or<span class=\"_ _0\"></span>dinary Shares with a nominal v<span class=\"_ _0\"></span>alue of \u00a32,293.10 (2024:<span class=\"_ _c\"></span> \u00a31,962.71) in connection with the oper<span class=\"_ _0\"></span>ation of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s share plans.<span class=\"_ _b\"></span> Refer to Notes 16 and 17 f<span class=\"_ _c\"></span>or additional information on own shar<span class=\"_ _c\"></span>es held.<span class=\"_ _2d8\"> </span>1<span class=\"_ _2\"></span>7<span class=\"_ _b\"></span>. RESE<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>VES<span class=\"_ _2d8\"> </span>OWN<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>HARE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc established an Emplo<span class=\"_ _c\"></span>yee Benefit <span class=\"_ _2\"></span>Trust (\u201cEBT\u201d) in 2017 in connection with the oper<span class=\"_ _c\"></span>ation of its share plans<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The inv<span class=\"_ _c\"></span>estment in own shar<span class=\"_ _0\"></span>es as at 31 December 2025 was \u00a33,354k (2024:<span class=\"_ _2\"></span> \u00a33,112k).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The mark<span class=\"_ _0\"></span>et value of the shar<span class=\"_ _c\"></span>es in the EBT as at 31 December 2025 was \u00a32,981k (2024:<span class=\"_ _2\"></span> \u00a32,709k).<span class=\"_ _2d8\"> </span>MERG<span class=\"_ _0\"></span>ER R<span class=\"_ _0\"></span>ESERV<span class=\"_ _c\"></span>E<span class=\"_ _2d8\"> </span>Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc was incorpor<span class=\"_ _c\"></span>ated as a limit<span class=\"_ _0\"></span>ed compan<span class=\"_ _0\"></span>y on 21 September 2017.<span class=\"_ _2\"></span> On 11 December 2017,<span class=\"_ _2\"></span> immediat<span class=\"_ _c\"></span>ely prior to the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s listing on the London St<span class=\"_ _0\"></span>ock Exchange,<span class=\"_ _2\"></span> Sabr<span class=\"_ _c\"></span>e Insurance Gr<span class=\"_ _c\"></span>oup plc acquired the entir<span class=\"_ _c\"></span>e share capit<span class=\"_ _0\"></span>al of the former ultimat<span class=\"_ _c\"></span>e Par<span class=\"_ _0\"></span>ent Compan<span class=\"_ _0\"></span>y of the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _2\"></span> Barbados <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>opCo Limited (\u201cT<span class=\"_ _2\"></span>opCo\u201d).<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a r<span class=\"_ _0\"></span>esult,<span class=\"_ _2\"></span> Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc became the ultimate par<span class=\"_ _c\"></span>ent of the Sabre Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The merger r<span class=\"_ _c\"></span>eser<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>e result<span class=\"_ _c\"></span>ed from this corpor<span class=\"_ _c\"></span>ate r<span class=\"_ _c\"></span>eorganisation.<span class=\"_ _2d8\"> </span>F<span class=\"_ _1\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I R<span class=\"_ _1\"></span>E<span class=\"_ _8\"></span>S<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span>The FV<span class=\"_ _c\"></span>OCI reserve r<span class=\"_ _c\"></span>ecords the unr<span class=\"_ _c\"></span>ealised gains and losses arising from changes in the f<span class=\"_ _c\"></span>air value of debt securities at FV<span class=\"_ _0\"></span>OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The mov<span class=\"_ _0\"></span>ements in this r<span class=\"_ _0\"></span>eserve ar<span class=\"_ _0\"></span>e det<span class=\"_ _0\"></span>ailed in the Consolidated St<span class=\"_ _c\"></span>atement of Compr<span class=\"_ _0\"></span>ehensive Income.<span class=\"_ _2d8\"> </span>RE<span class=\"_ _1\"></span>V<span class=\"_ _c\"></span>ALUA<span class=\"_ _c\"></span>TI<span class=\"_ _1\"></span>ON RE<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ERVE<span class=\"_ _2d8\"> </span>The r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve r<span class=\"_ _c\"></span>ecords the fair v<span class=\"_ _c\"></span>alue movements of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties.<span class=\"_ _2\"></span> Refer t<span class=\"_ _0\"></span>o Note 9 f<span class=\"_ _c\"></span>or more inf<span class=\"_ _0\"></span>ormation on the r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation of owner<span class=\"_ _c\"></span>-occupied properties.<span class=\"_ _2d8\"> </span>INSUR<span class=\"_ _1\"></span>ANCE<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>REIN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE<span class=\"_ _0\"></span> FINANCE RESE<span class=\"_ _1\"></span>RV<span class=\"_ _0\"></span>E<span class=\"_ _2d8\"> </span>The insur<span class=\"_ _c\"></span>ance finance reserve comprises the cum<span class=\"_ _0\"></span>ulative insur<span class=\"_ _c\"></span>ance finance income and expenses r<span class=\"_ _0\"></span>ecognised in Other Comprehensiv<span class=\"_ _c\"></span>e<span class=\"_ gs41\"> </span>Income.<span class=\"_ _2d8\"> </span>SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS RE<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ERVE<span class=\"_ _2d8\"> </span>The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s share-based pa<span class=\"_ _0\"></span>yments r<span class=\"_ _0\"></span>eserve r<span class=\"_ _0\"></span>ecords the v<span class=\"_ _c\"></span>alue of equity-settled share-based payment benefits pr<span class=\"_ _c\"></span>ovided t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s employ<span class=\"_ _0\"></span>ees as part of their rem<span class=\"_ _0\"></span>uner<span class=\"_ _0\"></span>ation that has been charged thr<span class=\"_ _c\"></span>ough the income stat<span class=\"_ _c\"></span>ement.<span class=\"_ _2\"></span> Refer to Not<span class=\"_ _c\"></span>e 16 for mor<span class=\"_ _0\"></span>e information on shar<span class=\"_ _0\"></span>e-based payments.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-353": {
   "value": "OWN<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>HARE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>Own shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e shar<span class=\"_ _0\"></span>es in Sabre Insur<span class=\"_ _c\"></span>ance Gr<span class=\"_ _0\"></span>oup plc that are held b<span class=\"_ _c\"></span>y the Sabre Insur<span class=\"_ _c\"></span>ance Group Emplo<span class=\"_ _0\"></span>yee Benefit <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>rust (\u201cEBT\u201d) for the purpose of issuing shar<span class=\"_ _0\"></span>es under the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s equity-settled share-based schemes (r<span class=\"_ _c\"></span>efer t<span class=\"_ _0\"></span>o Note 16 f<span class=\"_ _c\"></span>or fur<span class=\"_ _1\"></span>ther information).<span class=\"_ _2d8\"> </span><table class=\"s w6d0 ha6\" id=\"_e3186dac-d610-4200-9ba5-589067684ede\"><tr><td></td><td class=\"t m0 x9ad h29 y273e ff2 fs22 fc2 sc0 ls0 ws0\">Shares bought/(sold) on open mark<span class=\"_ _0\"></span>et<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x9ae y273f w6b4 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Number of shares<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9af y273f w6b5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2740 w6c1 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 1 J<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>y 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4</div></td><td class=\"c n x9b0 y2740 w6d1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>,5<span class=\"_ _1\"></span>89<span class=\"_ _c\"></span>,250\ue01e</div></td><td></td><td class=\"c n x9b1 y2740 w6d2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>3,<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _1\"></span>0,53<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2741 w6d3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es pur<span class=\"_ _0\"></span>chased<span class=\"_ _284\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9b2 y2742 w6d4 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls55 ws58\">9<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>377<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _70\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9b3 y2741 w6d5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2743 w6d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es vest<span class=\"_ _c\"></span>ed</div></td><td class=\"c n x9b4 y2743 w6d7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>(<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>1<span class=\"_ _0\"></span>2,<span class=\"_ _c\"></span>91<span class=\"_ _c\"></span>9)<span class=\"_ _e4\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9b5 y2743 w6d8 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls99 ws9d\">(<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>91,<span class=\"_ _1\"></span>75<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2744 w6d9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>4<span class=\"_ _286\"> </span><span class=\"ff4 ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9b6 y2744 w6da h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">1,9<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>,7<span class=\"_ _1\"></span>0<span class=\"_ _1a\"></span>8<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _7f\"> </span></div></td><td></td><td class=\"c n x9b7 y2744 w6db h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4e ws50\"><span class=\"_ gs41\"> </span>3,<span class=\"_ _c\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _0\"></span>2,4<span class=\"_ _1\"></span>38\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2745 w6dc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es pur<span class=\"_ _0\"></span>chased</div></td><td class=\"c n x9b8 y2745 w6dd h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls103 ws119\"><span class=\"_ gs102\"> </span>8<span class=\"_ _c\"></span>65,<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9b9 y2746 w54b h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls103 ws119\">000<span class=\"_ _0\"></span><span class=\"_ gs102\"> </span><span class=\"_ _51\"> </span><span class=\"lsa0 wsa2\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x9ba y2745 w6de h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa0 wsa2\">1,<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>,9<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y273a w6d6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es vest<span class=\"_ _c\"></span>ed</div></td><td class=\"c n x9bb y273a w6df h60\" colspan=\"2\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsb0 wsb7\"><span class=\"_ gs102\"> </span>(<span class=\"_ _c\"></span>534,<span class=\"_ _0\"></span>606<span class=\"_ _c\"></span>)</div></td><td class=\"c n x9bc y273a w6e0 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs102\"> </span>(8<span class=\"_ _1\"></span>27<span class=\"_ _c\"></span>,3<span class=\"_ _1\"></span>83)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6e1 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">As at 31 Dec<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ber 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>5<span class=\"_ _288\"> </span><span class=\"lse1 wsed\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x9bd y24bc w6e2 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lse1 wsed\">2<span class=\"_ _1a\"> </span>,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _1\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _73\"> </span></div></td><td></td><td class=\"c n x9be y24bc w6e3 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls1d ws1f\"><span class=\"_ gs102\"> </span>3,<span class=\"_ _0\"></span>353,<span class=\"_ _c\"></span>97<span class=\"_ _0\"></span>5\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table><table class=\"s w6e4 ha7\" id=\"_8ed19d75-da31-4e7c-b495-738a07224e19\"><tr><td class=\"c n x1de y2747 w6e5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">In thousands<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9bf y2747 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y273a w6e6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">31 December 2024<span class=\"_ _1e6\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x366 y273a w6e7 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lse4 wsef\">3<span class=\"_ _1a\"></span>,11<span class=\"_ _1\"></span>2<span class=\"_ _1a\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6e8 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>cem<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td class=\"c n x9c0 y24bc wb0 h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>3,3<span class=\"_ _1\"></span>54\ue01d<span class=\"_ _2d8\"> </span></div></td></tr></table>Shar<span class=\"_ _0\"></span>es issued to emplo<span class=\"_ _c\"></span>yees ar<span class=\"_ _0\"></span>e recognised on a first-in-first-out basis<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> As at 31 December 2025,<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Sabre Insur<span class=\"_ _c\"></span>ance Group Emplo<span class=\"_ _c\"></span>yee Benefit <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>rust held 2,293,102 (2024:1,962,708) of the 246,600,000 issued Or<span class=\"_ _0\"></span>dinary Shares with a nominal v<span class=\"_ _0\"></span>alue of \u00a32,293.10 (2024:<span class=\"_ _c\"></span> \u00a31,962.71) in connection with the oper<span class=\"_ _0\"></span>ation of the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s share plans.<span class=\"_ _b\"></span> Refer to Notes 16 and 17 f<span class=\"_ _c\"></span>or additional information on own shar<span class=\"_ _c\"></span>es held.<span class=\"_ _2d8\"> </span>OWN<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>HARE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span>Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc established an Emplo<span class=\"_ _c\"></span>yee Benefit <span class=\"_ _2\"></span>Trust (\u201cEBT\u201d) in 2017 in connection with the oper<span class=\"_ _c\"></span>ation of its share plans<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The inv<span class=\"_ _c\"></span>estment in own shar<span class=\"_ _0\"></span>es as at 31 December 2025 was \u00a33,354k (2024:<span class=\"_ _2\"></span> \u00a33,112k).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The mark<span class=\"_ _0\"></span>et value of the shar<span class=\"_ _c\"></span>es in the EBT as at 31 December 2025 was \u00a32,981k (2024:<span class=\"_ _2\"></span> \u00a32,709k).<span class=\"_ _2d8\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-320": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 lsf3 ws108 gs4e8\">1<span class=\"_ _c\"></span>6. S<span class=\"_ _1\"></span>HARE<span class=\"_ _1\"></span>-<span class=\"_ _8\"></span>BA<span class=\"_ _0\"></span>S<span class=\"_ _1\"></span>ED P<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>YM<span class=\"_ _1\"></span>ENT<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4e9\">The Gr<span class=\"_ _c\"></span>oup operat<span class=\"_ _0\"></span>es equity-settled shar<span class=\"_ _0\"></span>e-based schemes for all emplo<span class=\"_ _c\"></span>yees in the form of a L<span class=\"_ _c\"></span>ong <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>erm Incentive Plan (\u201cL<span class=\"_ _c\"></span>TIP\u201d),<span class=\"_ _2\"></span> Def<span class=\"_ _0\"></span>erred Bon<span class=\"_ _c\"></span>us </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4ea\">Plan (\u201cDBP\u201d) and Shar<span class=\"_ _0\"></span>e Incentive Plans (\u201cSIP\u201d),<span class=\"_ _2\"></span> including Fr<span class=\"_ _c\"></span>ee Shares and Sa<span class=\"_ _0\"></span>ve <span class=\"_ _c\"></span>As <span class=\"_ _2\"></span>Y<span class=\"_ _c\"></span>ou Earn (\u201cSA<span class=\"_ _2\"></span>YE\u201d).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The shares ar<span class=\"_ _c\"></span>e in the ultimate P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ent </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4eb\">Compan<span class=\"_ _0\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4ec\">The Gr<span class=\"_ _c\"></span>oup recognised a t<span class=\"_ _0\"></span>otal e<span class=\"_ _0\"></span>xpense in the Pr<span class=\"_ _0\"></span>ofit or Loss f<span class=\"_ _c\"></span>or the year ended 31 December 2025 of \u00a32,142k (2024:<span class=\"_ _c\"></span> \u00a31,607k),<span class=\"_ _2\"></span> r<span class=\"_ _0\"></span>elating to equity-<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4ed\">settled shar<span class=\"_ _0\"></span>e-based plans.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs4ee\">LON<span class=\"_ _1\"></span>G TE<span class=\"_ _1\"></span>RM I<span class=\"_ _1\"></span>NC<span class=\"_ _1\"></span>ENT<span class=\"_ _1\"></span>IVE PL<span class=\"_ _1\"></span>AN (\u201cLTIP<span class=\"_ _1\"></span>\u201d)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4ef\">The L<span class=\"_ _c\"></span>TIP is a discr<span class=\"_ _0\"></span>etionary share plan,<span class=\"_ _2\"></span> under which the Boar<span class=\"_ _c\"></span>d may grant shar<span class=\"_ _c\"></span>e-based awards (\u201cL<span class=\"_ _2\"></span>TIP A<span class=\"_ _c\"></span>war<span class=\"_ _0\"></span>ds\u201d) to incentivise and r<span class=\"_ _c\"></span>etain </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4f0\">eligible<span class=\"_ gs41\"> </span>employ<span class=\"_ _0\"></span>ees.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs4f2\">L<span class=\"_ _0\"></span>TI<span class=\"_ _1\"></span>P A<span class=\"_ _c\"></span>WARD<span class=\"_ _1\"></span>S \u2013 R<span class=\"_ _1\"></span>ES<span class=\"_ _1\"></span>TR<span class=\"_ _1\"></span>ICT<span class=\"_ _1\"></span>ED S<span class=\"_ _1\"></span>HAR<span class=\"_ _1\"></span>E AW<span class=\"_ _c\"></span>AR<span class=\"_ _1\"></span>DS (\u201cR<span class=\"_ _1\"></span>SAS<span class=\"_ _1\"></span>\u201d)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4f3\">Fr<span class=\"_ _0\"></span>om 2021,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup no longer issues awar<span class=\"_ _c\"></span>ds under the L<span class=\"_ _0\"></span>TIP <span class=\"_ _c\"></span>Awar<span class=\"_ _c\"></span>ds with performance conditions,<span class=\"_ _2\"></span> but inst<span class=\"_ _c\"></span>ead issues RSAs.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4f4\">The RSAs ar<span class=\"_ _0\"></span>e structur<span class=\"_ _0\"></span>ed as nil-cost r<span class=\"_ _0\"></span>ewar<span class=\"_ _c\"></span>ds,<span class=\"_ _2\"></span> to r<span class=\"_ _c\"></span>eceive fr<span class=\"_ _c\"></span>ee shares on v<span class=\"_ _0\"></span>esting.<span class=\"_ _2\"></span> Shar<span class=\"_ _0\"></span>es will normally vest thr<span class=\"_ _c\"></span>ee years aft<span class=\"_ _0\"></span>er gr<span class=\"_ _0\"></span>ant date,<span class=\"_ _b\"></span> subject to </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4f5\">continued emplo<span class=\"_ _0\"></span>yment and the satisfaction of pr<span class=\"_ _c\"></span>e-determined underpins.<span class=\"_ _b\"></span> A<span class=\"_ _c\"></span>wards ar<span class=\"_ _c\"></span>e also subject to an additional tw<span class=\"_ _0\"></span>o-year holding period,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4f6\">so that the tot<span class=\"_ _c\"></span>al time prior to an<span class=\"_ _0\"></span>y pot<span class=\"_ _0\"></span>ential share sale (e<span class=\"_ _0\"></span>xcept t<span class=\"_ _0\"></span>o meet any t<span class=\"_ _c\"></span>ax liabilities arising from the aw<span class=\"_ _0\"></span>ard) will gener<span class=\"_ _c\"></span>ally be five y<span class=\"_ _0\"></span>ears.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4f7\">The t<span class=\"_ _0\"></span>otal n<span class=\"_ _0\"></span>umber of shar<span class=\"_ _0\"></span>es awar<span class=\"_ _c\"></span>ded under the scheme was 1,263,061 (2024:<span class=\"_ _c\"></span> 935,780) with an estimated f<span class=\"_ _c\"></span>air value at gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e of \u00a31,554k </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4f8\">(2024:<span class=\"_ _c\"></span> \u00a31,581k).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The fair v<span class=\"_ _0\"></span>alue is based on the closing shar<span class=\"_ _0\"></span>e price on the gr<span class=\"_ _0\"></span>ant date<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4f9\">Futur<span class=\"_ _0\"></span>e dividends ar<span class=\"_ _0\"></span>e accrued separ<span class=\"_ _0\"></span>ately and ar<span class=\"_ _c\"></span>e not reflect<span class=\"_ _c\"></span>ed in the fair value of the gr<span class=\"_ _c\"></span>ant.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4fa\">The t<span class=\"_ _0\"></span>able below det<span class=\"_ _0\"></span>ails the mov<span class=\"_ _c\"></span>ement in the RSA:<span class=\"_ _2d8\"> </span></div><div class=\"gs4fb\"><table class=\"s w6e9 ha8\" id=\"_47b40d6c-4827-48fa-91a9-b246656d0761\"><tr><td></td><td></td><td></td><td class=\"t m0 x243 h29 y2748 ff2 fs22 fc2 sc0 ls0 ws0\">W<span class=\"_ _c\"></span>eighted </td></tr><tr><td></td><td></td><td class=\"t m0 x242 h29 y2749 ff2 fs22 fc2 sc0 ls0 ws0\">Number of </td><td class=\"t m0 x229 h29 y274a ff2 fs22 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age </td></tr><tr><td></td><td></td><td class=\"t m0 x3cc h29 y274b ff2 fs22 fc2 sc0 ls0 ws0\">shares<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x9c1 h29 y274c ff2 fs22 fc2 sc0 ls0 ws0\">Exer<span class=\"_ _0\"></span>cise Price<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y274d w6ea h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls1d ws31\">Outstanding<span class=\"_ _0\"></span> at 1<span class=\"_ _0\"></span> January 2024</div></td><td></td><td class=\"c n x9c2 y274d w6eb h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls93 ws97\"><span class=\"_ gs41\"> </span>2,227<span class=\"_ _2\"></span>,222\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9c3 y274d w6ec h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7d ws7c\">N<span class=\"_ _1\"></span>IL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y274e w6ed h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gr<span class=\"_ _0\"></span>anted</div></td><td class=\"c n x9c4 y274e w153 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>935,7<span class=\"_ _c\"></span>8</div></td><td class=\"c n x9c5 y274e w151 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\">0\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9c6 y274e w6ee h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7d ws7c\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26c7 w6ef h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Forf<span class=\"_ _c\"></span>eited<span class=\"_ _28b\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9c7 y26c7 w6f0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9c8 y26c7 w6ee h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7d ws7c\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251a w6f1 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">V<span class=\"_ _2\"></span>ested<span class=\"_ _28c\"> </span><span class=\"ls4f ws51\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9c9 y251a w6f2 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls4f ws51\">(4<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9ca y251a w6f3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7d ws7c\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251c w6f4 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">Ou<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>din<span class=\"_ _1\"></span>g at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mbe<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24</div></td><td></td><td class=\"c n x9cb y251c w6f5 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls63 wsa5\"><span class=\"_ gs41\"> </span>2,68<span class=\"_ _1\"></span>0,<span class=\"_ _1\"></span>45<span class=\"_ _1\"></span>5\ue01e<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9c8 y251c w6ee h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7d ws7c\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251d w6f6 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gr<span class=\"_ _0\"></span>anted<span class=\"_ _1a1\"> </span><span class=\"ff2 ls9a ws9e\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x9cc y251d w6f7 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls9a ws9e\">1,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>61<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _94\"> </span></div></td><td class=\"c n x9cd y251d w6f8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls11 ws14\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251e w6f9 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Forf<span class=\"_ _c\"></span>eited</div></td><td></td><td class=\"c n x9ce y251e w6fa h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _28b\"> </span><span class=\"ff2 lsa2 wsa4\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>19,<span class=\"_ _1\"></span>715<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></div></td><td class=\"c n x9cf y251e w6fb h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls11 ws14\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y251f w6fc h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">V<span class=\"_ _2\"></span>ested</div></td><td></td><td class=\"c n x9d0 y251f w6fd h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls4d ws8d\"><span class=\"_ gs102\"> </span>(52<span class=\"_ _1\"></span>3,<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>3)<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9d1 y251f w6f8 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls11 ws14\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w6f4 h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">Ou<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>din<span class=\"_ _1\"></span>g at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mbe<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25</div></td><td></td><td class=\"c n x9d2 y24bc w6fe h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7e ws56\"><span class=\"_ gs102\"> </span>3,400,358\ue01d<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9d3 y24bc w6fb h63\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls11 ws14\">NIL<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs4fc\">The av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age unexpir<span class=\"_ _c\"></span>ed life of RSAs is 1.3 years (2024:<span class=\"_ _2\"></span> 1.3 years).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsfe ws11b gs4fd\">DEFERRED<span class=\"_ _c\"></span> BONU<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span> PLAN<span class=\"_ _c\"></span> (<span class=\"_ _c\"></span>\u201cDBP\u201d<span class=\"_ _c\"></span>)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4d ws0 gs4fe\">T<span class=\"_ _c\"></span>o encour<span class=\"_ _0\"></span>age behaviour which does not benefit short-term pr<span class=\"_ _c\"></span>ofitability o<span class=\"_ _0\"></span>ver longer<span class=\"_ _c\"></span>-term v<span class=\"_ _0\"></span>alue,<span class=\"_ _2\"></span> Dir<span class=\"_ _c\"></span>ectors and some k<span class=\"_ _0\"></span>ey st<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>f wer<span class=\"_ _c\"></span>e awarded </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls3 ws0 gs4ff\">shar<span class=\"_ _c\"></span>es in lieu of a bonus<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> to be def<span class=\"_ _c\"></span>erred f<span class=\"_ _0\"></span>or two y<span class=\"_ _0\"></span>ears,<span class=\"_ _2\"></span> using the mark<span class=\"_ _c\"></span>et value at the gr<span class=\"_ _0\"></span>ant date<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The t<span class=\"_ _0\"></span>otal n<span class=\"_ _c\"></span>umber of shares awar<span class=\"_ _c\"></span>ded under<span class=\"_ _1\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs500\">the sc<span class=\"_ _0\"></span>heme w<span class=\"_ _0\"></span>as 631,156 (2024:<span class=\"_ _2\"></span> 218,033) with an estimated f<span class=\"_ _0\"></span>air value of \u00a3776k (2024:<span class=\"_ _2\"></span> \u00a3374k).<span class=\"_ _2\"></span> Of this awar<span class=\"_ _0\"></span>d,<span class=\"_ _2\"></span> the number of shar<span class=\"_ _c\"></span>es awarded </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls4d ws0 gs501\">to Directors <span class=\"_ _1\"></span>and Per<span class=\"_ _1\"></span>sons<span class=\"_ _1\"></span> Dischar<span class=\"_ _0\"></span>ging Managerial Responsibilities (\u201cPDMRs\u201d) was 592,547 (2024:<span class=\"_ _2\"></span> 204,392) with an estimated f<span class=\"_ _0\"></span>air value of \u00a3729k </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs502\">(2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4:<span class=\"_ _0\"></span><span class=\"_ gs41\"> </span>\u00a3<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>1k<span class=\"_ _0\"></span>).<span class=\"_ _b\"></span> F<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>s a<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span> based on the share price at gr<span class=\"_ _c\"></span>ant date<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>All shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e subject to a tw<span class=\"_ _0\"></span>o-year service period and ar<span class=\"_ _0\"></span>e not subject </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs503\">to<span class=\"_ gs41\"> </span>perf<span class=\"_ _c\"></span>ormance<span class=\"_ gs41\"> </span>conditions.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs504\">Futur<span class=\"_ _0\"></span>e dividends ar<span class=\"_ _0\"></span>e accrued separ<span class=\"_ _0\"></span>ately and ar<span class=\"_ _c\"></span>e not reflect<span class=\"_ _c\"></span>ed in the fair value of the gr<span class=\"_ _c\"></span>ant.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The DBP is r<span class=\"_ _c\"></span>ecognised in the Profit or L<span class=\"_ _0\"></span>oss <span class=\"_ _c\"></span>Account </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs505\">on a str<span class=\"_ _0\"></span>aight-line basis ov<span class=\"_ _c\"></span>er a period of two years fr<span class=\"_ _c\"></span>om grant dat<span class=\"_ _c\"></span>e.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs507\">S<span class=\"_ _1\"></span>HAR<span class=\"_ _1\"></span>E IN<span class=\"_ _1\"></span>CE<span class=\"_ _1\"></span>NTIVE P<span class=\"_ _1\"></span>LA<span class=\"_ _1\"></span>NS (\u201cS<span class=\"_ _1\"></span>I<span class=\"_ _1\"></span>PS<span class=\"_ _1\"></span>\u201d)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs508\">The Sabr<span class=\"_ _0\"></span>e SIPs pr<span class=\"_ _0\"></span>ovide f<span class=\"_ _c\"></span>or the award of fr<span class=\"_ _c\"></span>ee Sabre Insur<span class=\"_ _c\"></span>ance Gr<span class=\"_ _0\"></span>oup plc shares<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> Partnership Shares (shar<span class=\"_ _c\"></span>es bought by emplo<span class=\"_ _0\"></span>yees under the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs509\">matching scheme),<span class=\"_ _2\"></span> Matching Shar<span class=\"_ _c\"></span>es (free shar<span class=\"_ _c\"></span>es given by the emplo<span class=\"_ _0\"></span>yer t<span class=\"_ _c\"></span>o match par<span class=\"_ _1\"></span>tnership shar<span class=\"_ _0\"></span>es) and Dividend Shar<span class=\"_ _0\"></span>es (shares bought </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs50a\">for emplo<span class=\"_ _c\"></span>yees with pr<span class=\"_ _0\"></span>oceeds of dividends fr<span class=\"_ _0\"></span>om partnership shares).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The shares ar<span class=\"_ _c\"></span>e owned by the Emplo<span class=\"_ _c\"></span>yee Benefit <span class=\"_ _c\"></span>T<span class=\"_ _c\"></span>rust to satisfy aw<span class=\"_ _0\"></span>ards </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs50b\">under the plans.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>These shar<span class=\"_ _0\"></span>es are either pur<span class=\"_ _c\"></span>chased on the mark<span class=\"_ _0\"></span>et and carried at fair v<span class=\"_ _0\"></span>alue or issued by the P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ent Company t<span class=\"_ _c\"></span>o the trust.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs50c\">MATCHI<span class=\"_ _1\"></span>NG S<span class=\"_ _1\"></span>HAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs50d\">The Gr<span class=\"_ _c\"></span>oup has a Matching Shares scheme under which emplo<span class=\"_ _c\"></span>yees are entitled t<span class=\"_ _c\"></span>o inv<span class=\"_ _0\"></span>est between \u00a310 and \u00a3150 each month thr<span class=\"_ _c\"></span>ough the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs50e\">shar<span class=\"_ _0\"></span>e trust fr<span class=\"_ _0\"></span>om their pr<span class=\"_ _0\"></span>e-tax pay<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Group supplements the n<span class=\"_ _0\"></span>umber of shar<span class=\"_ _0\"></span>es pur<span class=\"_ _0\"></span>chased by giving emplo<span class=\"_ _0\"></span>yees one fr<span class=\"_ _c\"></span>ee matching share </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs50f\">for e<span class=\"_ _0\"></span>very thr<span class=\"_ _0\"></span>ee shar<span class=\"_ _0\"></span>es pur<span class=\"_ _0\"></span>chased up t<span class=\"_ _0\"></span>o \u00a31,800.<span class=\"_ _2\"></span> Matching shar<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e subject to a thr<span class=\"_ _c\"></span>ee-year service period befor<span class=\"_ _c\"></span>e the matching shares ar<span class=\"_ _c\"></span>e </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs510\">awar<span class=\"_ _c\"></span>ded.<span class=\"_ _2\"></span> Dividends are paid on shar<span class=\"_ _c\"></span>es,<span class=\"_ _2\"></span> including matching shares<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> held in the trust by means of dividends shar<span class=\"_ _c\"></span>es.<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The f<span class=\"_ _0\"></span>air value of such </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs511\">awar<span class=\"_ _c\"></span>ds is estimated t<span class=\"_ _0\"></span>o be the market v<span class=\"_ _c\"></span>alue of the awards on gr<span class=\"_ _c\"></span>ant date.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs512\">In the year ended 31 December 2025,<span class=\"_ _2\"></span> 12,342 (2024:<span class=\"_ _2\"></span> 11,464) matching shares w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>anted t<span class=\"_ _c\"></span>o employees with an estimat<span class=\"_ _c\"></span>ed fair v<span class=\"_ _0\"></span>alue of \u00a316k </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs513\">(2024:<span class=\"_ _c\"></span> \u00a316k).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs514\">As at 31 December 2025,<span class=\"_ _2\"></span> 57,990 (2024:<span class=\"_ _c\"></span> 48,134) matching shar<span class=\"_ _0\"></span>es wer<span class=\"_ _c\"></span>e held on behalf of employees with an estimat<span class=\"_ _c\"></span>ed fair value of \u00a375k  </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs515\">(2024:<span class=\"_ _c\"></span> \u00a366k).<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The aver<span class=\"_ _c\"></span>age unexpired lif<span class=\"_ _c\"></span>e of Matching Share aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds is 1.4 years (2024:<span class=\"_ _2\"></span> 1.5 years).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs516\">SA<span class=\"_ _c\"></span>VE AS YOU E<span class=\"_ _1\"></span>ARN (\u201cSA<span class=\"_ _0\"></span>YE<span class=\"_ _1\"></span>\u201d)<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs517\">The SA<span class=\"_ _2\"></span>YE scheme allows emplo<span class=\"_ _0\"></span>yees t<span class=\"_ _0\"></span>o ent<span class=\"_ _0\"></span>er into a r<span class=\"_ _c\"></span>egular savings contract of betw<span class=\"_ _c\"></span>een \u00a35 and \u00a3500 per month over a thr<span class=\"_ _c\"></span>ee-year period,<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs518\">coupled with a corr<span class=\"_ _0\"></span>esponding option ov<span class=\"_ _0\"></span>er shar<span class=\"_ _0\"></span>es.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The gr<span class=\"_ _0\"></span>ant price is equal to 80% of the quot<span class=\"_ _c\"></span>ed market price of the shar<span class=\"_ _c\"></span>es on the invit<span class=\"_ _0\"></span>ation date.<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs519\">The participants of the SA<span class=\"_ _c\"></span>YE scheme ar<span class=\"_ _0\"></span>e not entitled to dividends and ther<span class=\"_ _c\"></span>efor<span class=\"_ _c\"></span>e dividends are excluded fr<span class=\"_ _c\"></span>om the valuation of the SA<span class=\"_ _2\"></span>YE scheme.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs51a\">Estimated f<span class=\"_ _c\"></span>air value of options at gr<span class=\"_ _0\"></span>ant dat<span class=\"_ _0\"></span>e:<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs51b\">SA<span class=\"_ _2\"></span>YE 2023:<span class=\"_ _c\"></span> 49 pence<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs51c\">SA<span class=\"_ _2\"></span>YE 2024:<span class=\"_ _c\"></span> 33 pence<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs51d\">SA<span class=\"_ _2\"></span>YE 2025:<span class=\"_ _c\"></span> 26 pence<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs51e\">The f<span class=\"_ _0\"></span>ollowing t<span class=\"_ _0\"></span>able lists the inputs t<span class=\"_ _0\"></span>o the Black-Scholes model used to v<span class=\"_ _c\"></span>alue the awards gr<span class=\"_ _c\"></span>anted in r<span class=\"_ _c\"></span>espect of the 2024 SA<span class=\"_ _c\"></span>YE scheme.<span class=\"_ _2d8\"> </span></div><div class=\"gs51f\"><table class=\"s w6ff ha9\" id=\"_476779ea-19fe-4e72-bfbd-d74ea1fc852d\"><tr><td></td><td class=\"c n x9d4 y274f w14 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">2025</div></td><td class=\"c n x9d5 y274f w700 h6d\"><div class=\"t m0 x1d5 h29 y2554 ff2 fs22 fc2 sc0 ls0 ws0\">SA<span class=\"_ _c\"></span>YE<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2750 w701 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>e price at gr<span class=\"_ _0\"></span>ant date<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9d6 y2750 w702 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls7e ws14\">1<span class=\"_ _c\"></span>28.0 pence<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25fc w703 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Expected t<span class=\"_ _c\"></span>erm<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9d7 y25fc w704 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls2f ws97\">3 yea<span class=\"_ _1\"></span>rs<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c x1de y25d7 w705 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Expected v<span class=\"_ _c\"></span>olatility</div><div class=\"t m0 x9d8 h39 y26cb ff4 fs28 fc2 sc0 ls0 ws0\">(1)<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"t m0 x204 h12 y2751 ff2 fs7 fc2 sc0 ls96 ws9a\">31.<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>%<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y25d8 w706 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Continuously compounded risk-fr<span class=\"_ _c\"></span>ee rat<span class=\"_ _c\"></span>e<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9d9 y25d8 w707 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8c ws90\">3.8%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25d9 w708 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Continuously compounded dividend yield<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9da y25d9 w709 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls33 ws34\">8.0%<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w70a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Strik<span class=\"_ _0\"></span>e price at gr<span class=\"_ _0\"></span>ant date<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9db y24bc w70b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls96 ws94\">10<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span> p<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span>n<span class=\"_ _1\"></span>c<span class=\"_ _8\"></span>e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 hb ff4 fs8 fc2 sc0 ls0 ws0 gs520\">(1) <span class=\"_ _5\"> </span>V<span class=\"_ _c\"></span>olatility has been estimated using the historical daily a<span class=\"_ _0\"></span>ver<span class=\"_ _c\"></span>age volatility of the share price of the Gr<span class=\"_ _c\"></span>oup for the year immediat<span class=\"_ _0\"></span>ely pr<span class=\"_ _0\"></span>eceding the grant dat<span class=\"_ _c\"></span>e.<span class=\"_ _c\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs522\">The t<span class=\"_ _0\"></span>able below det<span class=\"_ _0\"></span>ails the mov<span class=\"_ _c\"></span>ement in the SA<span class=\"_ _c\"></span>YE scheme:<span class=\"_ _2d8\"> </span></div><div class=\"gs523\"><table class=\"s w70c haa\" id=\"_b6c5708a-3dac-4fbf-a946-84cfad3af167\"><tr><td></td><td></td><td></td><td class=\"t m0 x243 h29 y2752 ff2 fs22 fc2 sc0 ls0 ws0\">W<span class=\"_ _c\"></span>eighted </td></tr><tr><td></td><td></td><td class=\"t m0 x242 h29 y2753 ff2 fs22 fc2 sc0 ls0 ws0\">Number of </td><td class=\"t m0 x229 h29 y2754 ff2 fs22 fc2 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age </td></tr><tr><td></td><td></td><td class=\"t m0 x3cc h29 y2755 ff2 fs22 fc2 sc0 ls0 ws0\">shares<span class=\"_ _2d8\"> </span></td><td class=\"t m0 x9c1 h29 y2756 ff2 fs22 fc2 sc0 ls0 ws0\">Exer<span class=\"_ _0\"></span>cise Price<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"c n x1de y2757 w6ea h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls1d ws31\">Outstanding<span class=\"_ _0\"></span> at 1<span class=\"_ _0\"></span> January 2024</div></td><td class=\"c n x34a y2757 w5e0 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>858,4</div></td><td class=\"c n x9dc y2757 w70d h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">05\ue01e<span class=\"_ _3f\"> </span><span class=\"lsfa ws110\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9dd y2757 w70e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsfa ws110\">1.<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y2758 w70f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gr<span class=\"_ _0\"></span>anted<span class=\"_ _294\"> </span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9de y2759 w710 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>,8<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span><span class=\"_ _d0\"> </span><span class=\"lsfa ws110\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9df y2758 w711 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsfa ws110\">1.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y275a w712 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Forf<span class=\"_ _c\"></span>eited<span class=\"_ _295\"> </span><span class=\"lsec wsfe\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9e0 y275a w713 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsec wsfe\">(<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>0<span class=\"_ _1\"></span>1)<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9e1 y275a w6ee h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7d ws7c\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y275b w6fc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">V<span class=\"_ _2\"></span>ested</div></td><td></td><td class=\"c n x7de y275b wbd h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>\u2013<span class=\"_ gs41\"> </span></div></td><td class=\"c n x9e2 y275b w6f3 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls7d ws7c\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y275c w714 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls46 ws0\">Ou<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>din<span class=\"_ _1\"></span>g at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mbe<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>24<span class=\"_ _297\"> </span><span class=\"ff4 lsde wse9\"><span class=\"_ gs41\"> </span></span></div></td><td></td><td class=\"c n x9e3 y275c w287 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsde wse9\">9<span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span>2<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>4</div></td><td class=\"c n x9e4 y275d w715 h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 lsde wse9\"><span class=\"_ gs41\"> </span><span class=\"_ _d0\"> </span><span class=\"lsd2 wsdf\"><span class=\"_ gs41\"> </span><span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span></span></div></td></tr><tr><td class=\"c n x1de y275e w6ed h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Gr<span class=\"_ _0\"></span>anted</div></td><td></td><td class=\"c n x9e5 y275f w716 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _298\"> </span><span class=\"ff2 ls5b ws5c\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>676<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _117\"> </span><span class=\"ls96 ws9a\"><span class=\"_ gs102\"> </span></span></span></div></td><td class=\"c n x9e6 y275e w717 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls96 ws9a\">1.<span class=\"_ _8\"></span>01<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y2760 w6f9 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Forf<span class=\"_ _c\"></span>eited</div></td><td></td><td class=\"c n x9ce y2760 w718 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _d7\"> </span><span class=\"ff2 ls95 ws99\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>13<span class=\"_ _1\"></span>9,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></span></div></td><td class=\"c n x9e7 y2760 w6f8 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls11 ws14\">NIL<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2761 w719 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">V<span class=\"_ _2\"></span>ested<span class=\"_ _299\"> </span><span class=\"ff2 lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x9e8 y2761 w71a h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">(<span class=\"_ _8\"></span>11<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>6<span class=\"_ _1a\"> </span>3<span class=\"_ _8\"></span>)</div></td><td class=\"c n x9e9 y2761 w71b h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsd4 wsdc\"><span class=\"_ gs102\"> </span>0.85\ue01d<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w71c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls46 ws0\">Ou<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>din<span class=\"_ _1\"></span>g at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mbe<span class=\"_ _1\"></span>r 20<span class=\"_ _1\"></span>25<span class=\"_ _1be\"> </span><span class=\"ls62 ws64\"><span class=\"_ gs102\"> </span></span></div></td><td></td><td class=\"c n x9ea y24cd w71d h68\"><div class=\"t m0 x1d5 h12 y265f ff2 fs7 fc2 sc0 ls62 ws64\">1,0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _88\"> </span><span class=\"ls55 ws58\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n x9eb y24bc w71e h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls55 ws58\">0<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs524\">The av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age unexpir<span class=\"_ _c\"></span>ed life of the SA<span class=\"_ _2\"></span>YE scheme is 1.5 years (2024:<span class=\"_ _c\"></span> 1.5 years).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "Sabre Insurance Group plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-321": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 lsb9 wsc1 gs526\">1<span class=\"_ _2\"></span>7<span class=\"_ _b\"></span>. RESE<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>VES<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls21 ws23 gs527\">OWN<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>HARE<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs528\">Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc established an Emplo<span class=\"_ _c\"></span>yee Benefit <span class=\"_ _2\"></span>Trust (\u201cEBT\u201d) in 2017 in connection with the oper<span class=\"_ _c\"></span>ation of its share plans<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs529\">inv<span class=\"_ _c\"></span>estment in own shar<span class=\"_ _0\"></span>es as at 31 December 2025 was \u00a33,354k (2024:<span class=\"_ _2\"></span> \u00a33,112k).<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>The mark<span class=\"_ _0\"></span>et value of the shar<span class=\"_ _c\"></span>es in the EBT as at 31 December </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs52a\">2025 was \u00a32,981k (2024:<span class=\"_ _2\"></span> \u00a32,709k).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsfe ws11b gs52b\">MERG<span class=\"_ _0\"></span>ER R<span class=\"_ _0\"></span>ESERV<span class=\"_ _c\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs52c\">Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc was incorpor<span class=\"_ _c\"></span>ated as a limit<span class=\"_ _0\"></span>ed compan<span class=\"_ _0\"></span>y on 21 September 2017.<span class=\"_ _2\"></span> On 11 December 2017,<span class=\"_ _2\"></span> immediat<span class=\"_ _c\"></span>ely prior to the </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs52d\">Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s listing on the London St<span class=\"_ _0\"></span>ock Exchange,<span class=\"_ _2\"></span> Sabr<span class=\"_ _c\"></span>e Insurance Gr<span class=\"_ _c\"></span>oup plc acquired the entir<span class=\"_ _c\"></span>e share capit<span class=\"_ _0\"></span>al of the former ultimat<span class=\"_ _c\"></span>e Par<span class=\"_ _0\"></span>ent </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs52e\">Compan<span class=\"_ _0\"></span>y of the Gr<span class=\"_ _0\"></span>oup,<span class=\"_ _2\"></span> Barbados <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>opCo Limited (\u201cT<span class=\"_ _2\"></span>opCo\u201d).<span class=\"_ _2\"></span> <span class=\"_ _0\"></span>As a r<span class=\"_ _0\"></span>esult,<span class=\"_ _2\"></span> Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc became the ultimate par<span class=\"_ _c\"></span>ent of the Sabre </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs52f\">Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The merger r<span class=\"_ _c\"></span>eser<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>e result<span class=\"_ _c\"></span>ed from this corpor<span class=\"_ _c\"></span>ate r<span class=\"_ _c\"></span>eorganisation.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls105 ws11c gs530\">F<span class=\"_ _1\"></span>VO<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>I R<span class=\"_ _1\"></span>E<span class=\"_ _8\"></span>S<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs531\">The FV<span class=\"_ _c\"></span>OCI reserve r<span class=\"_ _c\"></span>ecords the unr<span class=\"_ _c\"></span>ealised gains and losses arising from changes in the f<span class=\"_ _c\"></span>air value of debt securities at FV<span class=\"_ _0\"></span>OCI.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The mov<span class=\"_ _0\"></span>ements in </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs532\">this r<span class=\"_ _0\"></span>eserve ar<span class=\"_ _0\"></span>e det<span class=\"_ _0\"></span>ailed in the Consolidated St<span class=\"_ _c\"></span>atement of Compr<span class=\"_ _0\"></span>ehensive Income.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 lsea wsfc gs534\">RE<span class=\"_ _1\"></span>V<span class=\"_ _c\"></span>ALUA<span class=\"_ _c\"></span>TI<span class=\"_ _1\"></span>ON RE<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ERVE<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs535\">The r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation r<span class=\"_ _0\"></span>eserve r<span class=\"_ _c\"></span>ecords the fair v<span class=\"_ _c\"></span>alue movements of the Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _2\"></span>s owner<span class=\"_ _0\"></span>-occupied pr<span class=\"_ _0\"></span>operties.<span class=\"_ _2\"></span> Refer t<span class=\"_ _0\"></span>o Note 9 f<span class=\"_ _c\"></span>or more inf<span class=\"_ _0\"></span>ormation on </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs536\">the r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>aluation of owner<span class=\"_ _c\"></span>-occupied properties.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls3f ws3f gs537\">INSUR<span class=\"_ _1\"></span>ANCE<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>REIN<span class=\"_ _1\"></span>SUR<span class=\"_ _1\"></span>ANCE<span class=\"_ _0\"></span> FINANCE RESE<span class=\"_ _1\"></span>RV<span class=\"_ _0\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls46 ws0 gs538\">The insur<span class=\"_ _c\"></span>ance finance reserve comprises the cum<span class=\"_ _0\"></span>ulative insur<span class=\"_ _c\"></span>ance finance income and expenses r<span class=\"_ _0\"></span>ecognised in Other Comprehensiv<span class=\"_ _c\"></span>e<span class=\"_ gs41\"> </span>Income.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls21 ws23 gs539\">SHAR<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>BASED PA<span class=\"_ _2\"></span>YME<span class=\"_ _1\"></span>NTS RE<span class=\"_ _1\"></span>S<span class=\"_ _1\"></span>ERVE<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs53a\">The Gr<span class=\"_ _c\"></span>oup\u2019<span class=\"_ _c\"></span>s share-based pa<span class=\"_ _0\"></span>yments r<span class=\"_ _0\"></span>eserve r<span class=\"_ _0\"></span>ecords the v<span class=\"_ _c\"></span>alue of equity-settled share-based payment benefits pr<span class=\"_ _c\"></span>ovided t<span class=\"_ _0\"></span>o the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _2\"></span>s </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs53b\">employ<span class=\"_ _0\"></span>ees as part of their rem<span class=\"_ _0\"></span>uner<span class=\"_ _0\"></span>ation that has been charged thr<span class=\"_ _c\"></span>ough the income stat<span class=\"_ _c\"></span>ement.<span class=\"_ _2\"></span> Refer to Not<span class=\"_ _c\"></span>e 16 for mor<span class=\"_ _0\"></span>e information on </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs53c\">shar<span class=\"_ _0\"></span>e-based payments.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-322": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls0 ws0 gs53e\">1<span class=\"_ _c\"></span>8. R<span class=\"_ _1\"></span>E<span class=\"_ _1\"></span>L<span class=\"_ _1\"></span>A<span class=\"_ _c\"></span>TE<span class=\"_ _1\"></span>D P<span class=\"_ _0\"></span>AR<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>Y TR<span class=\"_ _1\"></span>ANSACTION<span class=\"_ _1\"></span>S<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs53f\">Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup plc is the ultimate par<span class=\"_ _c\"></span>ent and ultimate contr<span class=\"_ _c\"></span>olling par<span class=\"_ _1\"></span>ty of the Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _b\"></span> <span class=\"_ _c\"></span>The follo<span class=\"_ _0\"></span>wing entities included below f<span class=\"_ _c\"></span>orm </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs540\">the<span class=\"_ gs41\"> </span>Gr<span class=\"_ _0\"></span>oup.<span class=\"_ _2d8\"> </span></div><div class=\"gs541\"><table class=\"s w71f hab\" id=\"_6611fc2a-0f2d-489b-b4b3-8e0f090fbe2d\"><tr><td class=\"c n x1de y2762 w720 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Name<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9ec y2762 w721 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Principal business<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9ed y2762 w722 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Registered addr<span class=\"_ _0\"></span>ess<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2763 ff2 fs7 fc2 sc0 ls46 ws0\">En<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>ies i<span class=\"_ _1\"></span>n wh<span class=\"_ _1\"></span>ich t<span class=\"_ _1\"></span>he Gr<span class=\"_ _1\"></span>oup h<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ds </td><td></td><td></td></tr><tr><td class=\"t m0 x1db h12 y2764 ff2 fs7 fc2 sc0 ls46 ws0\">1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0% o<span class=\"_ _1\"></span>f the i<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>d sha<span class=\"_ _1\"></span>re ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tal<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2765 w723 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Binomial Gr<span class=\"_ _0\"></span>oup Limited<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9ee y2765 w724 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Int<span class=\"_ _0\"></span>ermediat<span class=\"_ _0\"></span>e holding company<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9ef y2765 w725 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sabre House,<span class=\"_ _2\"></span> 150 South Str<span class=\"_ _c\"></span>eet,<span class=\"_ _2\"></span> Dorking,<span class=\"_ _2\"></span> Surre<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> RH4 2YY<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> United Kingdom<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2766 w726 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Company Limit<span class=\"_ _c\"></span>ed<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9f0 y2766 w727 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Mot<span class=\"_ _0\"></span>or insur<span class=\"_ _c\"></span>ance underwriter<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9f1 y2766 w728 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Sabre House,<span class=\"_ _2\"></span> 150 South Str<span class=\"_ _c\"></span>eet,<span class=\"_ _2\"></span> Dorking,<span class=\"_ _2\"></span> Surre<span class=\"_ _0\"></span>y<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> RH4 2YY<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span> Unit<span class=\"_ _0\"></span>ed Kingdom<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"t m0 x1db h12 y2767 ff2 fs7 fc2 sc0 lsad ws7c\">Other controlled en<span class=\"_ _0\"></span>tities<span class=\"_ _2d8\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1de y2768 w729 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Sabr<span class=\"_ _0\"></span>e 2017 Shar<span class=\"_ _0\"></span>e Incentive Plan<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9f2 y2768 w72a h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws5d\">Employee <span class=\"_ _1\"></span>Benefit Trust<span class=\"_ _2d8\"> </span></div></td><td class=\"t m0 x9f3 h9 y2769 ff4 fs7 fc2 sc0 ls0 ws0\">Aspect House,<span class=\"_ _2\"></span> Spencer Road,<span class=\"_ _2\"></span> Lancing,<span class=\"_ _2\"></span> <span class=\"_ _c\"></span>W<span class=\"_ _0\"></span>est Sussex,<span class=\"_ _2\"></span> BN99 6D<span class=\"_ _0\"></span>A,<span class=\"_ _2\"></span> Unit<span class=\"_ _0\"></span>ed </td></tr><tr><td></td><td></td><td class=\"t m0 x9f3 h9 y276a ff4 fs7 fc2 sc0 ls0 ws0\">Kingdom<span class=\"_ _2d8\"> </span></td></tr><tr><td class=\"t m0 x1db h9 y276b ff4 fs7 fc2 sc0 ls0 ws0\">The Sabr<span class=\"_ _0\"></span>e Insur<span class=\"_ _0\"></span>ance Gr<span class=\"_ _0\"></span>oup </td><td></td><td></td></tr><tr><td class=\"c n x1de y24bc w72b h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws5d\">Employ<span class=\"_ _0\"></span>ee <span class=\"_ _8\"></span>Benefit T<span class=\"_ _c\"></span>rust<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9f4 y24bc w72c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws5d\">Emplo<span class=\"_ _c\"></span>yee <span class=\"_ _8\"></span>Benefit T<span class=\"_ _0\"></span>rust<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x9f5 y24bc w72d h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Ocorian,<span class=\"_ _2\"></span> 26 New Str<span class=\"_ _0\"></span>eet,<span class=\"_ _2\"></span> St Helier<span class=\"_ _c\"></span>,<span class=\"_ _2\"></span> JE2 3RA,<span class=\"_ _2\"></span> Jersey<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs543\">No single party holds a significant influence (&gt;20%) over Sabr<span class=\"_ _c\"></span>e Insurance Gr<span class=\"_ _c\"></span>oup plc.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs544\">Both Employ<span class=\"_ _0\"></span>ee Benefit <span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>rusts (\u201cEBT<span class=\"_ _c\"></span>s\u201d) were est<span class=\"_ _c\"></span>ablished to assist in the administr<span class=\"_ _c\"></span>ation of the Group\u2019<span class=\"_ _2\"></span>s employ<span class=\"_ _0\"></span>ee equity-based compensation </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs545\">schemes.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The UK r<span class=\"_ _0\"></span>egister<span class=\"_ _c\"></span>ed EBT holds the all-employ<span class=\"_ _0\"></span>ee SIP<span class=\"_ _b\"></span>.<span class=\"_ _2\"></span> <span class=\"_ _2\"></span>The Jersey-r<span class=\"_ _c\"></span>egister<span class=\"_ _c\"></span>ed EBT holds the Long <span class=\"_ _2\"></span>T<span class=\"_ _c\"></span>erm Incentive Plan (\u201cL<span class=\"_ _c\"></span>TIP\u201d) and Deferr<span class=\"_ _c\"></span>ed </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs546\">Bonus Plan (\u201cDBP\u201d).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs547\">While the Gr<span class=\"_ _c\"></span>oup does not have legal ownership of the EBT<span class=\"_ _c\"></span>s and the ability of the Gr<span class=\"_ _0\"></span>oup to influence the actions of the EBT<span class=\"_ _c\"></span>s is limit<span class=\"_ _0\"></span>ed to a trust </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs548\">deed,<span class=\"_ _2\"></span> the EBT was set up b<span class=\"_ _0\"></span>y the Gr<span class=\"_ _0\"></span>oup with the sole purpose of assisting in the administr<span class=\"_ _0\"></span>ation of these schemes,<span class=\"_ _2\"></span> and is in essence contr<span class=\"_ _c\"></span>olled </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs549\">by the Gr<span class=\"_ _c\"></span>oup and theref<span class=\"_ _c\"></span>ore consolidat<span class=\"_ _0\"></span>ed.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs54a\">During the period ended 31 December 2025,<span class=\"_ _2\"></span> the Gr<span class=\"_ _0\"></span>oup donated no shar<span class=\"_ _c\"></span>es to the EBT<span class=\"_ _c\"></span>s (2024:<span class=\"_ _c\"></span> NIL).<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls1d ws1f gs54b\">KEY MANAGEME<span class=\"_ _1\"></span>NT COMP<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>SA<span class=\"_ _c\"></span>TIO<span class=\"_ _1\"></span>N<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs54c\">K<span class=\"_ _0\"></span>ey management includes Ex<span class=\"_ _c\"></span>ecutive Dir<span class=\"_ _0\"></span>ectors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> Non-ex<span class=\"_ _0\"></span>ecutive Dir<span class=\"_ _c\"></span>ectors and Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors of subsidiaries which the Gr<span class=\"_ _0\"></span>oup considers to be senior </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs54d\">management personnel.<span class=\"_ _2\"></span> Further details of Dir<span class=\"_ _0\"></span>ectors\u2019<span class=\"_ _b\"></span> shareholdings and r<span class=\"_ _c\"></span>emuneration can be f<span class=\"_ _c\"></span>ound in the Ann<span class=\"_ _0\"></span>ual Report on Direct<span class=\"_ _0\"></span>ors\u2019<span class=\"_ _2\"></span> </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs54e\">Remuner<span class=\"_ _c\"></span>ation on pages 107 to 120.<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs54f\">The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e amount paid to Dir<span class=\"_ _c\"></span>ectors during the y<span class=\"_ _0\"></span>ear was as f<span class=\"_ _0\"></span>ollows<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span></div><div class=\"gs550\"><table class=\"s w72e hac\" id=\"_fae5c7f1-0a0d-4afd-83e7-d3f4a21cc1dd\"><tr><td></td><td class=\"c n x1d6 y26e5 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e5 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e6 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w72f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Remuner<span class=\"_ _c\"></span>ation</div></td><td class=\"c n x9f6 y2597 w730 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs102\"> </span>3,6<span class=\"_ _1\"></span>97\ue01d</div></td><td class=\"c n x9f7 y2597 w731 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>,428<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w732 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Contributions to defined contribution pension sc<span class=\"_ _0\"></span>heme</div></td><td class=\"c n x9f8 y255d w733 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9f9 y26df w734 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w735 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es gr<span class=\"_ _0\"></span>anted under L<span class=\"_ _2\"></span>TIP</div></td><td class=\"c n x9fa y24bb w736 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _17a\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></span></div></td><td class=\"c n x9fb y24bb w599 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>95<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x9fc y24bc w737 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>737\ue01d</div></td><td class=\"c n x9fd y24bc w39c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>4,392<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-354": {
   "value": "KEY MANAGEME<span class=\"_ _1\"></span>NT COMP<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>SA<span class=\"_ _c\"></span>TIO<span class=\"_ _1\"></span>N<span class=\"_ _2d8\"> </span>K<span class=\"_ _0\"></span>ey management includes Ex<span class=\"_ _c\"></span>ecutive Dir<span class=\"_ _0\"></span>ectors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> Non-ex<span class=\"_ _0\"></span>ecutive Dir<span class=\"_ _c\"></span>ectors and Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors of subsidiaries which the Gr<span class=\"_ _0\"></span>oup considers to be senior management personnel.<span class=\"_ _2\"></span> Further details of Dir<span class=\"_ _0\"></span>ectors\u2019<span class=\"_ _b\"></span> shareholdings and r<span class=\"_ _c\"></span>emuneration can be f<span class=\"_ _c\"></span>ound in the Ann<span class=\"_ _0\"></span>ual Report on Direct<span class=\"_ _0\"></span>ors\u2019<span class=\"_ _2\"></span> Remuner<span class=\"_ _c\"></span>ation on pages 107 to 120.<span class=\"_ _2d8\"> </span>The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e amount paid to Dir<span class=\"_ _c\"></span>ectors during the y<span class=\"_ _0\"></span>ear was as f<span class=\"_ _0\"></span>ollows<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span><table class=\"s w72e hac\" id=\"_fae5c7f1-0a0d-4afd-83e7-d3f4a21cc1dd\"><tr><td></td><td class=\"c n x1d6 y26e5 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e5 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e6 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w72f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Remuner<span class=\"_ _c\"></span>ation</div></td><td class=\"c n x9f6 y2597 w730 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs102\"> </span>3,6<span class=\"_ _1\"></span>97\ue01d</div></td><td class=\"c n x9f7 y2597 w731 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>,428<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w732 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Contributions to defined contribution pension sc<span class=\"_ _0\"></span>heme</div></td><td class=\"c n x9f8 y255d w733 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9f9 y26df w734 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w735 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es gr<span class=\"_ _0\"></span>anted under L<span class=\"_ _2\"></span>TIP</div></td><td class=\"c n x9fa y24bb w736 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _17a\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></span></div></td><td class=\"c n x9fb y24bb w599 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>95<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x9fc y24bc w737 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>737\ue01d</div></td><td class=\"c n x9fd y24bc w39c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>4,392<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-340": {
   "value": "KEY MANAGEME<span class=\"_ _1\"></span>NT COMP<span class=\"_ _1\"></span>EN<span class=\"_ _1\"></span>SA<span class=\"_ _c\"></span>TIO<span class=\"_ _1\"></span>N<span class=\"_ _2d8\"> </span>K<span class=\"_ _0\"></span>ey management includes Ex<span class=\"_ _c\"></span>ecutive Dir<span class=\"_ _0\"></span>ectors<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span> Non-ex<span class=\"_ _0\"></span>ecutive Dir<span class=\"_ _c\"></span>ectors and Dir<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ors of subsidiaries which the Gr<span class=\"_ _0\"></span>oup considers to be senior management personnel.<span class=\"_ _2\"></span> Further details of Dir<span class=\"_ _0\"></span>ectors\u2019<span class=\"_ _b\"></span> shareholdings and r<span class=\"_ _c\"></span>emuneration can be f<span class=\"_ _c\"></span>ound in the Ann<span class=\"_ _0\"></span>ual Report on Direct<span class=\"_ _0\"></span>ors\u2019<span class=\"_ _2\"></span> Remuner<span class=\"_ _c\"></span>ation on pages 107 to 120.<span class=\"_ _2d8\"> </span>The aggr<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>e amount paid to Dir<span class=\"_ _c\"></span>ectors during the y<span class=\"_ _0\"></span>ear was as f<span class=\"_ _0\"></span>ollows<span class=\"_ _0\"></span>.<span class=\"_ _2d8\"> </span><table class=\"s w72e hac\" id=\"_fae5c7f1-0a0d-4afd-83e7-d3f4a21cc1dd\"><tr><td></td><td class=\"c n x1d6 y26e5 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x1d7 y26e5 w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x324 y26e6 w281 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n x6b5 y26e6 w282 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3\u2019k<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y2597 w72f h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Remuner<span class=\"_ _c\"></span>ation</div></td><td class=\"c n x9f6 y2597 w730 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs102\"> </span>3,6<span class=\"_ _1\"></span>97\ue01d</div></td><td class=\"c n x9f7 y2597 w731 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 lsa3 wsa6\"><span class=\"_ gs41\"> </span>3<span class=\"_ _1\"></span>,428<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y26df w732 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Contributions to defined contribution pension sc<span class=\"_ _0\"></span>heme</div></td><td class=\"c n x9f8 y255d w733 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"ff2 lsdf wsea\"><span class=\"_ gs102\"> </span>10<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _a2\"> </span></span><span class=\"ls5d wsf2\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n x9f9 y26df w734 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls5d wsf2\">10<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr><tr><td class=\"c n x1de y24bb w735 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\">Shar<span class=\"_ _0\"></span>es gr<span class=\"_ _0\"></span>anted under L<span class=\"_ _2\"></span>TIP</div></td><td class=\"c n x9fa y24bb w736 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _17a\"> </span><span class=\"ff2 ls62 ws64\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>1,<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _16f\"> </span></span></div></td><td class=\"c n x9fb y24bb w599 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs41\"> </span>95<span class=\"_ _1\"></span>4\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w30b h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 ls8f ws92\">To<span class=\"_ _1\"></span>ta<span class=\"_ _8\"></span>l</div></td><td class=\"c n x9fc y24bc w737 h63\"><div class=\"t m0 x1d5 h9 y24b1 ff2 fs7 fc2 sc0 lsbf wsc9\"><span class=\"_ gs102\"> </span>4<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>737\ue01d</div></td><td class=\"c n x9fd y24bc w39c h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls5 ws7\"><span class=\"_ gs41\"> </span>4,392<span class=\"_ _1\"></span><span class=\"_ gs41\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-324": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls0 ws0 gs552\">1<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>. E<span class=\"_ _1\"></span>AR<span class=\"_ _1\"></span>NI<span class=\"_ _1\"></span>NGS P<span class=\"_ _1\"></span>ER S<span class=\"_ _1\"></span>HAR<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls0 ws0 gs553\">BAS<span class=\"_ _1\"></span>IC EA<span class=\"_ _1\"></span>RN<span class=\"_ _1\"></span>IN<span class=\"_ _1\"></span>GS PE<span class=\"_ _1\"></span>R S<span class=\"_ _1\"></span>HAR<span class=\"_ _1\"></span>E<span class=\"_ _2d8\"> </span></div><div class=\"gs554\"><table class=\"s w738 had\" id=\"_2fb62db1-4a1f-469b-a93d-fda2c3d599a5\"><tr><td></td><td></td><td class=\"c n x9fe y276c w27f h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n x9ff y276c w14 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xa00 y276d w739 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">After t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa01 y276d w73a h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Per share<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n xa02 y276d w73b h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">After tax<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa03 y276d w73c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Per share<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bf y276e w658 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa04 y276e w73d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">pence<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n xa05 y276e wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa06 y276e w73d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">pence<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc wbc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>ofit for the y<span class=\"_ _c\"></span>ear attributable t<span class=\"_ _0\"></span>o ordinary shar<span class=\"_ _0\"></span>eholders</div></td><td class=\"c n xa07 y24bc w73e h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ _b6\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span><span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _8\"></span>15<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _11a\"> </span></span></div></td><td class=\"c n xa08 y24bc w73f h5e\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\"><span class=\"_ gs102\"> </span>15<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _17d\"> </span></div></td><td class=\"c n xa09 y24bc w1ab h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>35,<span class=\"_ _c\"></span>96<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa0a y24bc w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e</div></td><td class=\"c n xa0b y24bc w2ec h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>4.48\ue01e<span class=\"_ _2d8\"> </span></div></td></tr></table></div><div class=\"t m0 h8 ff3 fs6 fc2 sc0 ls21 ws23 gs555\">DILUTE<span class=\"_ _1\"></span>D EARN<span class=\"_ _1\"></span>INGS PE<span class=\"_ _1\"></span>R SHARE<span class=\"_ _2d8\"> </span></div><div class=\"gs556\"><table class=\"s w740 hae\" id=\"_ce4f1237-452b-45ff-9f70-0b11f8cc368b\"><tr><td></td><td></td><td></td><td class=\"t m0 x31e h29 y276f ff2 fs22 fc2 sc0 ls0 ws0\">2025<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x31e h29 y2770 ff2 fs22 fc2 sc0 ls0 ws0\">W<span class=\"_ _c\"></span>eighted<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x566 y26ad w739 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">After t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n xa0c y26ad w741 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">av<span class=\"_ _0\"></span>erage number<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa0d y26ad w73c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Per share<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td class=\"c n xa0e y26ae wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n xa0f y26ae w3b0 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">of shares (000s)<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa10 y26ae w73d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">pence<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25ce w742 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>ofit for the y<span class=\"_ _c\"></span>ear attributable t<span class=\"_ _0\"></span>o ordinary shar<span class=\"_ _0\"></span>eholders<span class=\"_ _29c\"> </span><span class=\"ff2 ls25 ws27\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n xa11 y25ce w743 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls25 ws27\">3<span class=\"_ _1\"></span>7,<span class=\"_ _1\"></span>9<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5<span class=\"_ _8\"></span><span class=\"_ gs102\"> </span><span class=\"_ _7e\"> </span></div></td><td class=\"c n xa12 y25ce w744 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls2f ws85\"><span class=\"_ gs102\"> </span>24<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa13 y26b6 w745 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls2f ws85\">6,6<span class=\"_ _1\"></span>68<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _e8\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n xa14 y25ce w746 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 ls90 ws94\">15<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr><tr><td class=\"c n x1de y26b7 w747 h61\"><div class=\"t m0 x1d5 h9 y24a4 ff4 fs7 fc2 sc0 ls0 ws0\">Net shar<span class=\"_ _0\"></span>e awar<span class=\"_ _c\"></span>ds allocable for no further consideration<span class=\"_ _29d\"> </span><span class=\"ff2\"><span class=\"_ gs28b\"> </span><span class=\"_ _6e\"> </span><span class=\"ls5b ws5c\"><span class=\"_ gs102\"> </span></span></span></div></td><td></td><td></td><td class=\"c n xa15 y26b7 w748 h68\"><div class=\"t m0 x1d5 h9 y24a4 ff2 fs7 fc2 sc0 ls5b ws5c\">1,76<span class=\"_ _8\"></span>0<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span><span class=\"_ _5e\"> </span><span class=\"lsed wsff\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n xa16 y25cf w749 h60\"><div class=\"t m0 x1d5 h9 y2499 ff2 fs7 fc2 sc0 lsed wsff\">(<span class=\"_ _1a\"> </span>0<span class=\"_ _8\"></span>.<span class=\"_ _1\"></span>11<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y24bc w74a h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal diluted<span class=\"_ _0\"></span> earnings<span class=\"_ _194\"> </span><span class=\"ls0 ws0\"><span class=\"_ gs28b\"> </span><span class=\"_ _df\"> </span></span></div></td><td></td><td class=\"c n xa17 y24bc w2fa h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\"><span class=\"_ gs102\"> </span>2<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa18 y24bc w74b h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls7c ws93\">48<span class=\"_ _1\"></span>,42<span class=\"_ _1\"></span>8\ue01d<span class=\"_ _e8\"> </span><span class=\"ls90 ws94\"><span class=\"_ gs102\"> </span></span></div></td><td class=\"c n xa19 y24bc w74c h60\"><div class=\"t m0 x1d5 h12 y24b5 ff2 fs7 fc2 sc0 ls90 ws94\">15<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _1\"></span><span class=\"_ gs102\"> </span></div></td></tr></table></div><div class=\"gs557\"><table class=\"s w74d haf\" id=\"_e03d2d73-3a40-4241-bb0f-7a49f9fe5272\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x31e h29 y2771 ff2 fs22 fc2 sc0 ls0 ws0\">2024<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x31e h29 y2772 ff2 fs22 fc2 sc0 ls0 ws0\">W<span class=\"_ _c\"></span>eighted<span class=\"_ _2d8\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"c n x566 y2773 w739 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">After t<span class=\"_ _0\"></span>ax<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n xa0c y2773 w741 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">av<span class=\"_ _0\"></span>erage number<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa0d y2773 w73c h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">Per share<span class=\"_ _2d8\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xa0e y26ab wb5 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">\u00a3'k<span class=\"_ _2d8\"> </span></div></td><td></td><td class=\"c n xa0f y26ab w3b0 h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">of shares (000s)<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa10 y26ab w73d h5d\"><div class=\"t m0 x1d5 h29 y2495 ff2 fs22 fc2 sc0 ls0 ws0\">pence<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26df wbc h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">Pr<span class=\"_ _0\"></span>ofit for the y<span class=\"_ _c\"></span>ear attributable t<span class=\"_ _0\"></span>o ordinary shar<span class=\"_ _0\"></span>eholders</div></td><td class=\"c n xa1a y26df w5ce h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>35,<span class=\"_ _c\"></span>96<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa1b y26df w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">1\ue01e</div></td><td class=\"c n xa1c y26df w541 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>248,4<span class=\"_ _0\"></span>1<span class=\"_ _2d8\"> </span></div></td><td class=\"c n xa1d y26df w157 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\">9\ue01e</div></td><td class=\"c n xa1e y26df w266 h5f\"><div class=\"t m0 x1d5 h9 y2499 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>4.48\ue01e<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y26a2 w74e h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls0 ws0\">Net shar<span class=\"_ _0\"></span>e awar<span class=\"_ _c\"></span>ds allocable for no further consideration<span class=\"_ _1fc\"> </span><span class=\"ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _144\"> </span><span class=\"ls99 ws9d\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td></td><td></td><td class=\"c n xa1f y26a2 w74f h67\"><div class=\"t m0 x1d5 h9 y250e ff4 fs7 fc2 sc0 ls99 ws9d\">1,<span class=\"_ _1\"></span>8<span class=\"_ _1\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span><span class=\"_ gs41\"> </span><span class=\"_ _dc\"> </span><span class=\"lse4 wsef\"><span class=\"_ gs41\"> </span></span></div></td><td class=\"c n xa20 y24bb w750 h6a\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 lse4 wsef\">(<span class=\"_ _8\"></span>0<span class=\"_ _1a\"></span>.11<span class=\"_ _1\"></span>)<span class=\"_ _2d8\"> </span></div></td></tr><tr><td class=\"c n x1de y25c8 w751 h77\"><div class=\"t m0 x1d5 h9 y250e ff2 fs7 fc2 sc0 lsd1 ws3f\">T<span class=\"_ _c\"></span>otal diluted<span class=\"_ _0\"></span> earnings<span class=\"_ _29e\"> </span><span class=\"ff4 ls7c ws93\"><span class=\"_ gs28c\"> </span><span class=\"_ _47\"> </span><span class=\"ls63 wsa5\"><span class=\"_ gs41\"> </span></span></span></div></td><td></td><td></td><td></td><td class=\"c n xa21 y24bc w752 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls63 wsa5\">250,2<span class=\"_ _1\"></span>99\ue01e</div></td><td class=\"c n xa22 y24bc w266 h5f\"><div class=\"t m0 x1d5 h9 y24b1 ff4 fs7 fc2 sc0 ls0 ws0\"><span class=\"_ gs41\"> </span>1<span class=\"_ _c\"></span>4.37\ue01e</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-323": {
   "value": "<div class=\"t m0 h2 ff3 fs0 fc1 sc0 ls0 ws0 gs559\">20<span class=\"_ _1\"></span>. EVE<span class=\"_ _1\"></span>NTS AF<span class=\"_ _1\"></span>TE<span class=\"_ _1\"></span>R THE BAL<span class=\"_ _1\"></span>AN<span class=\"_ _1\"></span>CE S<span class=\"_ _1\"></span>HE<span class=\"_ _1\"></span>ET DA<span class=\"_ _c\"></span>TE<span class=\"_ _2d8\"> </span></div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs55a\">Other than the declar<span class=\"_ _c\"></span>ation of a final dividend as disclosed in Note 12,<span class=\"_ _2\"></span> ther<span class=\"_ _0\"></span>e hav<span class=\"_ _0\"></span>e been no material changes in the af<span class=\"_ _c\"></span>fairs or financial position </div><div class=\"t m0 h9 ff4 fs7 fc2 sc0 ls0 ws0 gs55b\">of the Gr<span class=\"_ _0\"></span>oup and its subsidiaries since the Stat<span class=\"_ _c\"></span>ement of Financial Position date<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:2138006RXRQ8P8VKGV98",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}