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  "fact-413": {
   "value": "7500000.0",
   "decimals": -2,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:GBP"
   }
  },
  "fact-414": {
   "value": "142500000.0",
   "decimals": -2,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:GBP"
   }
  },
  "fact-415": {
   "value": "36300000.0",
   "decimals": -2,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MergerReserveMember",
    "unit": "iso4217:GBP"
   }
  },
  "fact-416": {
   "value": "0.0",
   "decimals": -2,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherEquityInterestMember",
    "unit": "iso4217:GBP"
   }
  },
  "fact-417": {
   "value": "0.0",
   "decimals": -2,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:GBP"
   }
  },
  "fact-418": {
   "value": "-8400000.0",
   "decimals": -2,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:GBP"
   }
  },
  "fact-419": {
   "value": "136500000.0",
   "decimals": -2,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:GBP"
   }
  },
  "fact-420": {
   "value": "314400000.0",
   "decimals": -2,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-451": {
   "value": "A<span class=\"_ _4\"></span>1 <span class=\"_ _6\"></span>General inf<span class=\"_ _3\"></span>or<span class=\"_ _4\"></span>mation<span class=\"_ _36a\"> </span>Chesnara plc (Registered number 4947<span class=\"_ _4\"></span>166) (the Compan<span class=\"_ _3\"></span>y) is a limited liability company<span class=\"_ _5\"></span>, incorporated<span class=\"_ _36a\"> </span>in the United Kingdom and registered in England and <span class=\"_ _2f\"></span>Wales. <span class=\"_ _2f\"></span>The Company is limited b<span class=\"_ _4\"></span>y shares and has a primary listing on the L<span class=\"_ _3\"></span>ondon <span class=\"_ _3\"></span>Stock Exchange. <span class=\"_ _2f\"></span>The address <span class=\"_ _3\"></span>of the registered office is<span class=\"_ _36a\"> </span>2nd Floor<span class=\"_ _4\"></span>, 33<span class=\"_ _319\"></span>-<span class=\"_ _36a\"> </span>34 Winckley Square, P<span class=\"_ _4\"></span>reston, England, PR1 3JJ<span class=\"_ _4\"></span>, UK.<span class=\"_ _36a\"> </span>The Compan<span class=\"_ _3\"></span>y and its subsidiaries, together forming the Group, comprise UK, <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>edish and Dutch lif<span class=\"_ _36a\"> </span><span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>and pensions businesses.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e UK se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nt com<span class=\"_ _c\"></span>pris<span class=\"_ _c\"></span>es a numb<span class=\"_ _c\"></span>er of le<span class=\"_ _c\"></span>ga<span class=\"_ _c\"></span>cy b<span class=\"_ _c\"></span>ook<span class=\"_ _c\"></span>s cons<span class=\"_ _c\"></span>istin<span class=\"_ _c\"></span>g of a mix of uni<span class=\"_ _c\"></span>t-<span class=\"_ _c\"></span>li<span class=\"_ _c\"></span>nked,<span class=\"_ _36a\"> </span>with<span class=\"_ _6\"></span>-<span class=\"_ _c\"></span>profi<span class=\"_ _c\"></span>ts an<span class=\"_ _c\"></span>d non<span class=\"_ _6\"></span>-li<span class=\"_ _c\"></span>nked busin<span class=\"_ _c\"></span>ess an<span class=\"_ _c\"></span>d is sub<span class=\"_ _c\"></span>sta<span class=\"_ _c\"></span>ntiall<span class=\"_ _c\"></span>y clo<span class=\"_ _c\"></span>sed to new b<span class=\"_ _c\"></span>usine<span class=\"_ _c\"></span>ss, su<span class=\"_ _c\"></span>ch th<span class=\"_ _c\"></span>at new<span class=\"_ _36a\"> </span>insura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ontr<span class=\"_ _c\"></span>act<span class=\"_ _c\"></span>s (w<span class=\"_ _c\"></span>ithin th<span class=\"_ _c\"></span>e sco<span class=\"_ _c\"></span>pe of I<span class=\"_ _c\"></span>FRS 17) are on<span class=\"_ _c\"></span>ly iss<span class=\"_ _c\"></span>ued to exis<span class=\"_ _c\"></span>ting cu<span class=\"_ _c\"></span>stome<span class=\"_ _c\"></span>rs, d<span class=\"_ _c\"></span>epe<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>on the<span class=\"_ _c\"></span>ir cha<span class=\"_ _c\"></span>ngin<span class=\"_ _c\"></span>g nee<span class=\"_ _c\"></span>ds. O<span class=\"_ _c\"></span>n 2<span class=\"_ _c\"></span>3 Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 20<span class=\"_ _c\"></span>24<span class=\"_ _c\"></span>, <span class=\"_ _4\"></span>Che<span class=\"_ _c\"></span>snar<span class=\"_ _c\"></span>a anno<span class=\"_ _c\"></span>unc<span class=\"_ _c\"></span>ed the a<span class=\"_ _c\"></span>cqu<span class=\"_ _c\"></span>isiti<span class=\"_ _c\"></span>on of a bl<span class=\"_ _c\"></span>ock<span class=\"_ _36a\"> </span>of unit-<span class=\"_ _6\"></span>linked bon<span class=\"_ _c\"></span>d and p<span class=\"_ _c\"></span>ensio<span class=\"_ _c\"></span>n busi<span class=\"_ _c\"></span>ness f<span class=\"_ _c\"></span>rom C<span class=\"_ _c\"></span>ana<span class=\"_ _c\"></span>da L<span class=\"_ _c\"></span>ife Lim<span class=\"_ _c\"></span>ited. O<span class=\"_ _c\"></span>n 3 Ju<span class=\"_ _c\"></span>ly 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5, C<span class=\"_ _c\"></span>hesn<span class=\"_ _c\"></span>ara<span class=\"_ _36a\"> </span>annou<span class=\"_ _c\"></span>nce<span class=\"_ _c\"></span>d that i<span class=\"_ _c\"></span>t had e<span class=\"_ _c\"></span>ntered into an ag<span class=\"_ _c\"></span>reeme<span class=\"_ _c\"></span>nt to acq<span class=\"_ _c\"></span>uire Che<span class=\"_ _c\"></span>snar<span class=\"_ _c\"></span>a Life (<span class=\"_ _c\"></span>UK<span class=\"_ _c\"></span>) Ltd (<span class=\"_ _c\"></span>forme<span class=\"_ _c\"></span>rly H<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>BC<span class=\"_ _36a\"> </span>Life (<span class=\"_ _c\"></span>UK<span class=\"_ _c\"></span>) Ltd<span class=\"_ _c\"></span>), a spe<span class=\"_ _c\"></span>cia<span class=\"_ _c\"></span>list li<span class=\"_ _c\"></span>fe protecti<span class=\"_ _c\"></span>on and i<span class=\"_ _c\"></span>nvestme<span class=\"_ _c\"></span>nt bon<span class=\"_ _c\"></span>d provi<span class=\"_ _c\"></span>der in t<span class=\"_ _c\"></span>he Uni<span class=\"_ _c\"></span>ted K<span class=\"_ _c\"></span>ing<span class=\"_ _c\"></span>dom<span class=\"_ _c\"></span>,<span class=\"_ _36a\"> </span>from H<span class=\"_ _c\"></span>SB<span class=\"_ _c\"></span>C Bank p<span class=\"_ _c\"></span>lc dis<span class=\"_ _c\"></span>clo<span class=\"_ _c\"></span>sed in N<span class=\"_ _c\"></span>ote I7 w<span class=\"_ _c\"></span>hich c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>leted in J<span class=\"_ _c\"></span>anu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>26<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>edish segment comprises the Mov<span class=\"_ _3\"></span>estic business, as described in Note C1. Its activities are<span class=\"_ _36a\"> </span>performed predominantly in <span class=\"_ _4\"></span>Sweden, where it underwrites lif<span class=\"_ _4\"></span>e, accident and health risks and<span class=\"_ _36a\"> </span>provides a portf<span class=\"_ _3\"></span>olio of in<span class=\"_ _3\"></span>vestment contracts. It is <span class=\"_ _4\"></span>open to new business, distributing its products<span class=\"_ _36a\"> </span>principally through independent financial advisors.<span class=\"_ _36a\"> </span>The Dutch segment comprises the f<span class=\"_ _3\"></span>ormerly separate businesses, <span class=\"_ _2f\"></span>Waard and <span class=\"_ _4\"></span>Scildon, which merged<span class=\"_ _36a\"> </span>in July 2025 and no<span class=\"_ _3\"></span>w trade under the brand name <span class=\"_ _3\"></span>Scildon. <span class=\"_ _2f\"></span>This combined segment comprises the<span class=\"_ _36a\"> </span>Group\u2019<span class=\"_ _5\"></span>s Dutch life insurance business, with a mixture <span class=\"_ _4\"></span>of long-term savings and protection business<span class=\"_ _36a\"> </span>and some non-lif<span class=\"_ _3\"></span>e business. It is open to ne<span class=\"_ _3\"></span>w business and sells protection, individual savings and group pension contracts via a broker<span class=\"_ _2f\"></span>-led distribution model.<span class=\"_ _36a\"> </span>These financial statements are presented in pounds sterling, which is the functional currency of the<span class=\"_ _36a\"> </span>Parent Compan<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>. Foreign <span class=\"_ _3\"></span>operations are included in accordance with the policies set out in Note <span class=\"_ _3\"></span>A4.<span class=\"_ _36a\"> </span>The results and cash flo<span class=\"_ _3\"></span>ws of these <span class=\"_ _3\"></span>operations hav<span class=\"_ _4\"></span>e been translated into sterl<span class=\"_ _c\"></span>ing at an av<span class=\"_ _4\"></span>erage rate<span class=\"_ _36a\"> </span>for the <span class=\"_ _5\"></span>year of \u00a31 <span class=\"_ _9\"></span>= <span class=\"_ _3\"></span>SEK 1<span class=\"_ _4\"></span>2.92 (2024: \u00a31<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>= <span class=\"_ _3\"></span>SEK 1<span class=\"_ _5\"></span>3.5<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>) for the S<span class=\"_ _4\"></span>wedish business and \u00a31 <span class=\"_ _9\"></span>= EUR 1<span class=\"_ _4\"></span>.<span class=\"_ _2f\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _36a\"> </span>(2024: \u00a31 <span class=\"_ _9\"></span>= EUR 1<span class=\"_ _5\"></span>.<span class=\"_ _2f\"></span>18) f<span class=\"_ _4\"></span>or the Dutch business.<span class=\"_ _36a\"> </span>Assets and liabilities ha<span class=\"_ _3\"></span>ve been translated at the <span class=\"_ _5\"></span>year end rate <span class=\"_ _3\"></span>of \u00a31 <span class=\"_ _4\"></span>= <span class=\"_ _4\"></span>SEK 12.40 (31 December 2024:<span class=\"_ _36a\"> </span>\u00a31 <span class=\"_ _4\"></span>= <span class=\"_ _3\"></span>SEK 1<span class=\"_ _4\"></span>3.84) f<span class=\"_ _4\"></span>or the S<span class=\"_ _3\"></span>wedish business and \u00a31 <span class=\"_ _5\"></span>= EUR 1<span class=\"_ _4\"></span>.<span class=\"_ _5\"></span>1<span class=\"_ _3\"></span>5 (31 December 2024: \u00a31 <span class=\"_ _4\"></span>= EUR 1<span class=\"_ _2f\"></span>.2<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>)<span class=\"_ _36a\"> </span>for the Dutch business.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>otal foreign currency e<span class=\"_ _3\"></span>xchange rate gain f<span class=\"_ _4\"></span>or the <span class=\"_ _4\"></span>year ended 31 December 2025 recognised in the<span class=\"_ _36a\"> </span>Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income of \u00a3<span class=\"_ _4\"></span>20.5m (year ended 31 December 2024:<span class=\"_ _36a\"> </span>loss of \u00a31<span class=\"_ _4\"></span>5<span class=\"_ _c\"></span>.3m).<span class=\"_ _36a\"> </span>The financial statements w<span class=\"_ _3\"></span>ere authorised for issue b<span class=\"_ _3\"></span>y the directors on 23 March 2026.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": " <span class=\"_ _7\"> </span>A3 <span class=\"_ _6\"></span>Basis of prepar<span class=\"_ _3\"></span>ation<span class=\"_ _36a\"> </span>The consolidated and P<span class=\"_ _4\"></span>arent Company financial statements hav<span class=\"_ _3\"></span>e been prepared on a going concern<span class=\"_ _36a\"> </span>basis. <span class=\"_ _2f\"></span>The directors believ<span class=\"_ _3\"></span>e that they ha<span class=\"_ _3\"></span>ve a reasonable <span class=\"_ _3\"></span>expectation that the Group has adequate<span class=\"_ _36a\"> </span>resources to continue in operational <span class=\"_ _3\"></span>existence f<span class=\"_ _3\"></span>or a minimum of 1<span class=\"_ _4\"></span>2 months from the date of signing.<span class=\"_ _36a\"> </span>In making this assessment, the directors hav<span class=\"_ _3\"></span>e taken into consideration the points as set <span class=\"_ _3\"></span>out in the financial management section of the <span class=\"_ _3\"></span>Annual Report and <span class=\"_ _4\"></span>Accounts under the heading \u2018Maintain<span class=\"_ _36a\"> </span>the Group as a going concern<span class=\"_ _4\"></span>\u2019<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The financial statements are presented in pounds sterling, rounded to the nearest one hundred<span class=\"_ _36a\"> </span>thousand, and are prepared on the historical cost basis <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>cept for insurance and reinsurance contracts<span class=\"_ _36a\"> </span>which are stated at their fulfilment value in accordance with IFR<span class=\"_ _3\"></span>S <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>7 and the follo<span class=\"_ _3\"></span>wing assets and<span class=\"_ _36a\"> </span>liabilities which are stated at their fair v<span class=\"_ _3\"></span>alue: derivativ<span class=\"_ _3\"></span>e financial instruments; financial instruments<span class=\"_ _36a\"> </span>at fair v<span class=\"_ _3\"></span>alue through profit or loss; in<span class=\"_ _3\"></span>vestment property; and in<span class=\"_ _4\"></span>vestme<span class=\"_ _3\"></span>nt contr<span class=\"_ _3\"></span>act lia<span class=\"_ _3\"></span>bilities<span class=\"_ _3\"></span> at f<span class=\"_ _3\"></span>air<span class=\"_ _36a\"> </span>value through profit <span class=\"_ _3\"></span>or loss.<span class=\"_ _36a\"> </span>Assets and liabilities are presented in <span class=\"_ _3\"></span>order of increasing liquidity in the <span class=\"_ _4\"></span>Statement of Financial<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>osition. In addition, amounts expected to be reco<span class=\"_ _3\"></span>vered <span class=\"_ _3\"></span>or settled within a <span class=\"_ _4\"></span>year are classified as<span class=\"_ _36a\"> </span>current in the notes to the accounts. If they are <span class=\"_ _4\"></span>expected to be recov<span class=\"_ _3\"></span>ered or settled in more than<span class=\"_ _36a\"> </span>1 <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>, they are classified as non-current in the notes to the accounts.<span class=\"_ _36a\"> </span>The preparation <span class=\"_ _3\"></span>of financial statements in conformity with IFR<span class=\"_ _3\"></span>Ss requires management to make<span class=\"_ _36a\"> </span>judgements, estimates and assumptions that aff<span class=\"_ _4\"></span>ect the application of policies and reported amounts<span class=\"_ _36a\"> </span>of assets and liabilities, income and e<span class=\"_ _3\"></span>xpenses. <span class=\"_ _2f\"></span>The estimates and associated assumptions are<span class=\"_ _36a\"> </span>based on historical <span class=\"_ _3\"></span>experience and v<span class=\"_ _4\"></span>arious other factors that are believ<span class=\"_ _4\"></span>ed to be reasonable under<span class=\"_ _36a\"> </span>the circumstances, the results of which f<span class=\"_ _3\"></span>orm the basis of making the judgements about carrying<span class=\"_ _36a\"> </span>values <span class=\"_ _3\"></span>of assets and liabilities that are not readily apparent from other sources. <span class=\"_ _3\"></span>Actual results ma<span class=\"_ _4\"></span>y<span class=\"_ _36a\"> </span>diff<span class=\"_ _3\"></span>er from these estimates.<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>estimates and underlying assumptions are revie<span class=\"_ _3\"></span>wed <span class=\"_ _4\"></span>on an ongoing basis. Judgements made<span class=\"_ _36a\"> </span>by management in the process <span class=\"_ _3\"></span>of applying the Group\u2019<span class=\"_ _5\"></span>s accounting policies that have a significant<span class=\"_ _36a\"> </span>eff<span class=\"_ _3\"></span>ect on the financial statements and <span class=\"_ _3\"></span>estimates with a significant risk of material adjustment in<span class=\"_ _36a\"> </span>the next <span class=\"_ _5\"></span>year are set out in Note <span class=\"_ _4\"></span>A5.<span class=\"_ _36a\"> </span>The Group prepares interim financial statements at half <span class=\"_ _5\"></span>year and as permitted by IFR<span class=\"_ _3\"></span>S 1<span class=\"_ _4\"></span>7 has elected<span class=\"_ _36a\"> </span>to apply the \u2018year<span class=\"_ _2f\"></span>-to-date\u2019 method and restate estimates in respect <span class=\"_ _3\"></span>of insurance contracts made in the previous interim financial statements, in these <span class=\"_ _5\"></span>year end financial statements. <span class=\"_ _2f\"></span>This accounting<span class=\"_ _36a\"> </span>policy election applies to all groups <span class=\"_ _3\"></span>of insurance and reinsurance contracts.<span class=\"_ _36a\"> </span>The accounting policies set in Note <span class=\"_ _4\"></span>A4, unless otherwise stated, have been applied consistently to<span class=\"_ _36a\"> </span>all <span class=\"_ _4\"></span>years presented in these consolidated financial statements.<span class=\"_ _36a\"> </span>The consolidated financial statements ha<span class=\"_ _3\"></span>ve been prepared in accordance with United Kingdom<span class=\"_ _36a\"> </span>adopted international accounting standards in conformity with the requirements <span class=\"_ _3\"></span>of the Companies<span class=\"_ _36a\"> </span>Act 2006. Both the P<span class=\"_ _4\"></span>arent Company financial statements and the Group financial statements hav<span class=\"_ _3\"></span>e been prepared and approv<span class=\"_ _4\"></span>ed by the directors in accordance with United Kingdom adopted<span class=\"_ _36a\"> </span>international accounting standards.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-1": {
   "value": "Chesnara plc ",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-2": {
   "value": "limited liability company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-425": {
   "value": "The consolidated and P<span class=\"_ _4\"></span>arent Company financial statements hav<span class=\"_ _3\"></span>e been prepared on a going concern<span class=\"_ _36a\"> </span>basis. <span class=\"_ _2f\"></span>The directors believ<span class=\"_ _3\"></span>e that they ha<span class=\"_ _3\"></span>ve a reasonable <span class=\"_ _3\"></span>expectation that the Group has adequate<span class=\"_ _36a\"> </span>resources to continue in operational <span class=\"_ _3\"></span>existence f<span class=\"_ _3\"></span>or a minimum of 1<span class=\"_ _4\"></span>2 months from the date of signing.<span class=\"_ _36a\"> </span>In making this assessment, the directors hav<span class=\"_ _3\"></span>e taken into consideration the points as set <span class=\"_ _3\"></span>out in the financial management section of the <span class=\"_ _3\"></span>Annual Report and <span class=\"_ _4\"></span>Accounts under the heading \u2018Maintain<span class=\"_ _36a\"> </span>the Group as a going concern<span class=\"_ _4\"></span>\u2019<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": " United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "2nd Floor, 33- 34 Winckley Square, Preston, England, PR1 3JJ, UK",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "The Company and its subsidiaries, together forming the Group, comprise UK, Swedish and Dutch lif e and pensions businesses. The UK segment comprises a number of legacy books consisting of a mix of unit-linked, with-profits and non-linked business and is substantially closed to new business, such that new insurance contracts (within the scope of IFRS 17) are only issued to existing customers, dependent on their changing needs. On 23 December 2024, Chesnara announced the acquisition of a block of unit-linked bond and pension business from Canada Life Limited. On 3 July 2025, Chesnara announced that it had entered into an agreement to acquire Chesnara Life (UK) Ltd (formerly HSBC Life (UK) Ltd), a specialist life protection and investment bond provider in the United Kingdom, from HSBC Bank plc disclosed in Note I7 which completed in January 2026. The Swedish segment comprises the Movestic business, as described in Note C1. Its activities are performed predominantly in Sweden, where it underwrites life, accident and health risks and provides a portfolio of investment contracts. It is open to new business, distributing its products principally through independent financial advisors. The Dutch segment comprises the formerly separate businesses, Waard and Scildon, which merged in July 2025 and now trade under the brand name Scildon. This combined segment comprises the Group\u2019s Dutch life insurance business, with a mixture of long-term savings and protection business and some non-life business. It is open to new business and sells protection, individual savings and group pension contracts via a broker-led distribution model. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-421": {
   "value": "The Company and its subsidiaries, together forming the Group, comprise UK, Swedish and Dutch lif and pensions businesses. ",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-422": {
   "value": "These financial statements are presented in pounds sterling, which is the functional currency of the<span class=\"_ _36a\"> </span>Parent Compan<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>. Foreign <span class=\"_ _3\"></span>operations are included in accordance with the policies set out in Note <span class=\"_ _3\"></span>A4.<span class=\"_ _36a\"> </span>The results and cash flo<span class=\"_ _3\"></span>ws of these <span class=\"_ _3\"></span>operations hav<span class=\"_ _4\"></span>e been translated into sterl<span class=\"_ _c\"></span>ing at an av<span class=\"_ _4\"></span>erage rate<span class=\"_ _36a\"> </span>for the <span class=\"_ _5\"></span>year of \u00a31 <span class=\"_ _9\"></span>= <span class=\"_ _3\"></span>SEK 1<span class=\"_ _4\"></span>2.92 (2024: \u00a31<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>= <span class=\"_ _3\"></span>SEK 1<span class=\"_ _5\"></span>3.5<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>) for the S<span class=\"_ _4\"></span>wedish business and \u00a31 <span class=\"_ _9\"></span>= EUR 1<span class=\"_ _4\"></span>.<span class=\"_ _2f\"></span>1<span class=\"_ _3\"></span>7<span class=\"_ _36a\"> </span>(2024: \u00a31 <span class=\"_ _9\"></span>= EUR 1<span class=\"_ _5\"></span>.<span class=\"_ _2f\"></span>18) f<span class=\"_ _4\"></span>or the Dutch business.<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-426": {
   "value": "The consolidated financial statements ha<span class=\"_ _3\"></span>ve been prepared in accordance with United Kingdom<span class=\"_ _36a\"> </span>adopted international accounting standards in conformity with the requirements <span class=\"_ _3\"></span>of the Companies<span class=\"_ _36a\"> </span>Act 2006. Both the P<span class=\"_ _4\"></span>arent Company financial statements and the Group financial statements hav<span class=\"_ _3\"></span>e been prepared and approv<span class=\"_ _4\"></span>ed by the directors in accordance with United Kingdom adopted<span class=\"_ _36a\"> </span>international accounting standards.",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-423": {
   "value": "<div class=\"t m0 h11 ff36 fsc fc6 sc0 ls1 ws1 gs15\">The financial statements w<span class=\"_ _3\"></span>ere authorised for issue b<span class=\"_ _3\"></span>y the directors on 23 March 2026.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": " <span class=\"_ _7\"> </span>A2 <span class=\"_ _6\"></span>Basis of consolidation<span class=\"_ _36a\"> </span>The consolidated financial statements incorporate the financial statements <span class=\"_ _3\"></span>of the Company and <span class=\"_ _3\"></span>of<span class=\"_ _36a\"> </span>entities controlled by the Compan<span class=\"_ _3\"></span>y<span class=\"_ _4\"></span>, made up to 3<span class=\"_ _4\"></span>1 December each <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. Control is achieved when<span class=\"_ _36a\"> </span>the Company is <span class=\"_ _3\"></span>exposed <span class=\"_ _3\"></span>or has rights to the variable returns from the in<span class=\"_ _4\"></span>volvement with the <span class=\"_ _3\"></span>entity<span class=\"_ _36a\"> </span>and has the ability to aff<span class=\"_ _3\"></span>ect those returns through its pow<span class=\"_ _4\"></span>er ov<span class=\"_ _3\"></span>er the entity<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>The P<span class=\"_ _3\"></span>arent Company<span class=\"_ _36a\"> </span>financial statements present information about the Compan<span class=\"_ _3\"></span>y as a separate entity and not about<span class=\"_ _36a\"> </span>its Group.<span class=\"_ _36a\"> </span>There are no non-controlling interests in the net assets <span class=\"_ _3\"></span>of the Group and all total comprehensive<span class=\"_ _36a\"> </span>income is attributed to the Company shareholders.<span class=\"_ _36a\"> </span>The results <span class=\"_ _3\"></span>of subsidiaries acquired or disposed <span class=\"_ _4\"></span>of during t<span class=\"_ _c\"></span>he <span class=\"_ _4\"></span>year are included in the Consolidated<span class=\"_ _36a\"> </span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income from the eff<span class=\"_ _4\"></span>ective date of acquisition <span class=\"_ _4\"></span>or up to the eff<span class=\"_ _3\"></span>ective<span class=\"_ _36a\"> </span>date of disposal. <span class=\"_ _2f\"></span>Where necessary<span class=\"_ _4\"></span>, adjustments are made to the financial statements of subsidiaries<span class=\"_ _36a\"> </span>to bring the accounting policies used into line with those used by the Group.<span class=\"_ _36a\"> </span>All intra-group transactions, balances, income and e<span class=\"_ _3\"></span>xpenses are eliminated <span class=\"_ _3\"></span>on consolidation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-424": {
   "value": " <span class=\"_ _7\"> </span>A2 <span class=\"_ _6\"></span>Basis of consolidation<span class=\"_ _36a\"> </span>The consolidated financial statements incorporate the financial statements <span class=\"_ _3\"></span>of the Company and <span class=\"_ _3\"></span>of<span class=\"_ _36a\"> </span>entities controlled by the Compan<span class=\"_ _3\"></span>y<span class=\"_ _4\"></span>, made up to 3<span class=\"_ _4\"></span>1 December each <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. Control is achieved when<span class=\"_ _36a\"> </span>the Company is <span class=\"_ _3\"></span>exposed <span class=\"_ _3\"></span>or has rights to the variable returns from the in<span class=\"_ _4\"></span>volvement with the <span class=\"_ _3\"></span>entity<span class=\"_ _36a\"> </span>and has the ability to aff<span class=\"_ _3\"></span>ect those returns through its pow<span class=\"_ _4\"></span>er ov<span class=\"_ _3\"></span>er the entity<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>The P<span class=\"_ _3\"></span>arent Company<span class=\"_ _36a\"> </span>financial statements present information about the Compan<span class=\"_ _3\"></span>y as a separate entity and not about<span class=\"_ _36a\"> </span>its Group.<span class=\"_ _36a\"> </span>There are no non-controlling interests in the net assets <span class=\"_ _3\"></span>of the Group and all total comprehensive<span class=\"_ _36a\"> </span>income is attributed to the Company shareholders.<span class=\"_ _36a\"> </span>The results <span class=\"_ _3\"></span>of subsidiaries acquired or disposed <span class=\"_ _4\"></span>of during t<span class=\"_ _c\"></span>he <span class=\"_ _4\"></span>year are included in the Consolidated<span class=\"_ _36a\"> </span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income from the eff<span class=\"_ _4\"></span>ective date of acquisition <span class=\"_ _4\"></span>or up to the eff<span class=\"_ _3\"></span>ective<span class=\"_ _36a\"> </span>date of disposal. <span class=\"_ _2f\"></span>Where necessary<span class=\"_ _4\"></span>, adjustments are made to the financial statements of subsidiaries<span class=\"_ _36a\"> </span>to bring the accounting policies used into line with those used by the Group.<span class=\"_ _36a\"> </span>All intra-group transactions, balances, income and e<span class=\"_ _3\"></span>xpenses are eliminated <span class=\"_ _3\"></span>on consolidation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "Restatement of pr<span class=\"_ _4\"></span>ior year numbers<span class=\"_ _36a\"> </span>A prior <span class=\"_ _4\"></span>year restatement has been applied in respect <span class=\"_ _3\"></span>of the presentation of policyholder <span class=\"_ _5\"></span>yield taxes<span class=\"_ _36a\"> </span>paid in <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>eden within the Consolidated Statement <span class=\"_ _3\"></span>of Cash Flows.<span class=\"_ _36a\"> </span>In the previously reported financial statements f<span class=\"_ _3\"></span>or the <span class=\"_ _4\"></span>year <span class=\"_ _3\"></span>ended 31 December 2024, policyholder<span class=\"_ _36a\"> </span>yield taxes totalling \u00a340.8m w<span class=\"_ _3\"></span>ere previously presented as \u2018income tax<span class=\"_ _3\"></span>es paid\u2019. These tax<span class=\"_ _4\"></span>es are<span class=\"_ _36a\"> </span>incurred when related inv<span class=\"_ _4\"></span>estment transactions are settled and do not form part of the Group\u2019<span class=\"_ _5\"></span>s income<span class=\"_ _36a\"> </span>tax e<span class=\"_ _3\"></span>xpense within the Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _4\"></span>e Income. <span class=\"_ _5\"></span>The impacts of this<span class=\"_ _36a\"> </span>restatement are shown in the table f<span class=\"_ _3\"></span>ollowing. <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18c\"> </span><span class=\"fc1\">A<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>rep<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>te<span class=\"_ _c\"></span>d  <span class=\"_ _158\"> </span>R<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>ed</span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _24\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Increase/(decr<span class=\"_ _3\"></span>ease) in other current liabilities <span class=\"_ _18\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _132\"> </span>(<span class=\"_ _c\"></span>12.9 <span class=\"_ _8\"></span>) <span class=\"_ _ee\"> </span>(53.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Cash <span class=\"_ _c\"></span>generated/(utilised) <span class=\"_ _c\"></span>by <span class=\"_ _c\"></span>operations <span class=\"_ _e9\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>80.5  <span class=\"_ _123\"> </span>39.7<span class=\"_ _36a\"> </span>Income <span class=\"_ _c\"></span>tax <span class=\"_ _c\"></span>(paid)/<span class=\"_ _3\"></span>recov<span class=\"_ _3\"></span>ered <span class=\"_ _3f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>(37<span class=\"_ _3\"></span>.1 <span class=\"_ _9\"></span>) <span class=\"_ _e9\"> </span>3.7<span class=\"_ _36a\"> </span>Net cash generated/(utilised) f<span class=\"_ _c\"></span>rom operating activities <span class=\"_ _29\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _132\"> </span>43.4 <span class=\"_ _4\"></span> <span class=\"_ _18b\"> </span>43.4<span class=\"_ _36a\"> </span>The abo<span class=\"_ _3\"></span>ve restatement has no impact <span class=\"_ _4\"></span>on t<span class=\"_ _c\"></span>he net cash generated from operating activities <span class=\"_ _3\"></span>or any<span class=\"_ _36a\"> </span>other areas of the consolidated financial statements.<span class=\"_ _36a\"> </span>Standards and amendments issued but not y<span class=\"_ _3\"></span>et eff<span class=\"_ _4\"></span>ective<span class=\"_ _36a\"> </span>At the date of authorisation <span class=\"_ _3\"></span>of these financial statements the follo<span class=\"_ _3\"></span>wing standards and interpretations,<span class=\"_ _36a\"> </span>which are applicable to the Group, and which hav<span class=\"_ _3\"></span>e not been applied in these financial statements,<span class=\"_ _36a\"> </span>were in issue but not <span class=\"_ _5\"></span>yet eff<span class=\"_ _4\"></span>ective:<span class=\"_ _36a\"> </span>Title <span class=\"_ _143\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>Ef<span class=\"_ _c\"></span>fec<span class=\"_ _c\"></span>tive <span class=\"_ _c\"></span>date<span class=\"_ _36a\"> </span>IFRS 9/IFRS <span class=\"_ _5\"></span>7 Amendm<span class=\"_ _c\"></span>ents to the Classification and Measurement of F<span class=\"_ _3\"></span>inancial Instruments <span class=\"_ _119\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span>1 January 2026<span class=\"_ _36a\"> </span>IFRS 18 Pr<span class=\"_ _3\"></span>esentation and Disclosure in Financial Stat<span class=\"_ _3\"></span>ements <span class=\"_ _4\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span>1 Januar<span class=\"_ _c\"></span>y 2027<span class=\"_ _36a\"> </span>IFRS 19 Subsidiaries without Public Accountabilit<span class=\"_ _3\"></span>y: Disclosures <span class=\"_ _11a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span>1 Januar<span class=\"_ _c\"></span>y 2027<span class=\"_ _36a\"> </span>The directors do not <span class=\"_ _3\"></span>expect that the adoption <span class=\"_ _3\"></span>of the IFRS 9/IFR<span class=\"_ _3\"></span>S <span class=\"_ _5\"></span>7 amendments hav<span class=\"_ _3\"></span>e a material<span class=\"_ _36a\"> </span>impact on the financial statements <span class=\"_ _3\"></span>of the Group in future periods. <span class=\"_ _2f\"></span>The directors e<span class=\"_ _3\"></span>xpect that the<span class=\"_ _36a\"> </span>adoption of IFR<span class=\"_ _3\"></span>S <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>8 will have a material impact <span class=\"_ _4\"></span>on the presentation of the primary statements in<span class=\"_ _36a\"> </span>future periods. <span class=\"_ _2f\"></span>The directors do not e<span class=\"_ _3\"></span>xpect that the adoption of IFR<span class=\"_ _3\"></span>S 1<span class=\"_ _4\"></span>9 will have a material impact<span class=\"_ _36a\"> </span>of the financial statements of the Group in future periods.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": " (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts and r<span class=\"_ _4\"></span>einsurance contracts<span class=\"_ _b\"></span><span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Scope and classification<span class=\"_ _36a\"> </span>Contracts under which the Group accepts significant insurance risk are classified as insurance<span class=\"_ _36a\"> </span>contracts. Contracts held by the Group under which it transf<span class=\"_ _4\"></span>ers significant insurance risk related to<span class=\"_ _36a\"> </span>underlying insurance contracts are classified as reinsurance contracts. Insurance and reinsurance<span class=\"_ _36a\"> </span>contracts also e<span class=\"_ _3\"></span>xpose the Group to financial risk.<span class=\"_ _36a\"> </span>Insurance contracts may be issued, and reinsurance contracts ma<span class=\"_ _3\"></span>y be initiated by the Group, <span class=\"_ _3\"></span>or they<span class=\"_ _36a\"> </span>may be acquired in a business combination <span class=\"_ _3\"></span>or in a transf<span class=\"_ _3\"></span>er of contracts that does f<span class=\"_ _4\"></span>orm a business.<span class=\"_ _36a\"> </span>All ref<span class=\"_ _3\"></span>erences in these accounting policies to \u2018insurance contracts<span class=\"_ _3\"></span>\u2019 and \u2018reinsurance contracts<span class=\"_ _3\"></span>\u2019 include<span class=\"_ _36a\"> </span>contracts issued, reinsurance contracts initiated or insurance <span class=\"_ _3\"></span>or reinsurance contracts acquired by the Group, unless <span class=\"_ _3\"></span>otherwise stated.<span class=\"_ _36a\"> </span>Some contracts entered into b<span class=\"_ _3\"></span>y the Group hav<span class=\"_ _3\"></span>e the legal form <span class=\"_ _4\"></span>of insurance contracts but do not<span class=\"_ _36a\"> </span>transf<span class=\"_ _3\"></span>er significant insurance risk. <span class=\"_ _2f\"></span>These contracts are classified as financial liabilities and are ref<span class=\"_ _3\"></span>erre<span class=\"_ _36a\"> </span>to as \u2018inv<span class=\"_ _3\"></span>estment contracts<span class=\"_ _4\"></span>\u2019 (see Note A4(b)). <span class=\"_ _3\"></span>Similarly financial reinsurance contracts do not transf<span class=\"_ _3\"></span>er<span class=\"_ _36a\"> </span>significant insurance risk and are accounted for under IFR<span class=\"_ _3\"></span>S 9. Mass lapse reinsurance contracts also<span class=\"_ _36a\"> </span>contain no insurance risk and are accounted for under IA<span class=\"_ _4\"></span>S 37<span class=\"_ _8\"></span>.<span class=\"_ _36a\"> </span>Insurance contracts are classified as direct participating contracts or contracts without direct<span class=\"_ _36a\"> </span>participating f<span class=\"_ _3\"></span>eatures. Direct participating contracts are contracts for which, at inception:<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the contractual terms specify that the policyholder participates in a share of a clearly identified poo<span class=\"_ _36a\"> </span>of underlying items;<span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the Group expects to pa<span class=\"_ _4\"></span>y to the policyholder an amount equal to a substantial share of the fair<span class=\"_ _36a\"> </span>valu<span class=\"_ _3\"></span>e returns on the underlying items; and<span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the Group e<span class=\"_ _3\"></span>xpects a substantial proportion of an<span class=\"_ _3\"></span>y change in the amounts to be paid to the<span class=\"_ _36a\"> </span>policyholder to vary with the change in f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>of the underlying items.<span class=\"_ _36a\"> </span>All other insurance contracts and all reinsurance contracts are classified as contracts without direc<span class=\"_ _36a\"> </span>participating f<span class=\"_ _3\"></span>eatures. <span class=\"_ _4\"></span>Some of these contracts are measured under the P<span class=\"_ _4\"></span>AA.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table pro<span class=\"_ _3\"></span>vides a summary of the broad product categories and the measurement mode<span class=\"_ _36a\"> </span>approach applied.<span class=\"_ _36a\"> </span>Classification <span class=\"_ _148\"> </span>Product category<span class=\"_ _36a\"> </span>Long-term contr<span class=\"_ _3\"></span>acts without direct  <span class=\"_ _10d\"> </span>Immediate annuities<span class=\"_ _36a\"> </span>GMM<span class=\"_ _31b\"></span>)participating features <span class=\"_ _31a\"></span>( <span class=\"_ _78\"> </span>T<span class=\"_ _3\"></span>erm assurance and other non-linked <span class=\"_ _118\"> </span>Unit-link<span class=\"_ _3\"></span>ed/index-link<span class=\"_ _4\"></span>ed/with-profits \u2013 GMM<span class=\"_ _36a\"> </span>Long-term contr<span class=\"_ _3\"></span>acts with direct <span class=\"_ _a8\"> </span>Unit<span class=\"_ _3\"></span>-linked/index<span class=\"_ _4\"></span>-linked/with-profits \u2013 V<span class=\"_ _3\"></span>F<span class=\"_ _3\"></span>A<span class=\"_ _36a\"> </span>VFAparticipating features <span class=\"_ _31a\"></span>(<span class=\"_ _36a\"> </span>)<span class=\"_ _36a\"> </span>Short-term contracts <span class=\"_ _31c\"></span>(PA<span class=\"_ _c\"></span>A<span class=\"_ _36a\"> </span>) <span class=\"_ _72\"> </span>Short-term protection<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>A4 <span class=\"_ _6\"></span>Mater<span class=\"_ _4\"></span>ial accounting policy infor<span class=\"_ _3\"></span>mation (continued)  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts and r<span class=\"_ _4\"></span>einsurance contracts (continued)  (ii) <span class=\"_ _6\"></span>Separ<span class=\"_ _3\"></span>ating components from insur<span class=\"_ _4\"></span>ance and reinsurance contr<span class=\"_ _3\"></span>acts<span class=\"_ _36a\"> </span>The Group does not ha<span class=\"_ _3\"></span>ve an<span class=\"_ _4\"></span>y d<span class=\"_ _c\"></span>istinct inv<span class=\"_ _3\"></span>estment components which require separation from the insurance or reinsurance contract. Distinct in<span class=\"_ _3\"></span>vestment components are in<span class=\"_ _3\"></span>vestment components<span class=\"_ _36a\"> </span>that are not highly inter<span class=\"_ _5\"></span>-related with the insurance components and for which contracts with<span class=\"_ _36a\"> </span>equivalent terms are sold, <span class=\"_ _3\"></span>or could be sold, separately in the same market <span class=\"_ _3\"></span>or the same jurisdiction.<span class=\"_ _36a\"> </span>The Group does not ha<span class=\"_ _3\"></span>ve an<span class=\"_ _4\"></span>y insurance contracts containing embedded derivatives <span class=\"_ _4\"></span>or have an<span class=\"_ _3\"></span>y<span class=\"_ _36a\"> </span>insurance contracts which transf<span class=\"_ _3\"></span>er distinct goods and services other than insurance contract services<span class=\"_ _36a\"> </span>which require separation from the host contract. (iii) <span class=\"_ _6\"></span>A<span class=\"_ _3\"></span>ggreg<span class=\"_ _4\"></span>ation of insurance and reinsur<span class=\"_ _4\"></span>ance contracts<span class=\"_ _36a\"> </span>Insurance contracts are aggregated into groups for measurement purposes. Groups <span class=\"_ _3\"></span>of insurance<span class=\"_ _36a\"> </span>contracts are determined by identifying portf<span class=\"_ _3\"></span>olios of insurance contracts, <span class=\"_ _3\"></span>each comprising contracts<span class=\"_ _36a\"> </span>that are subject to similar risks and are managed together<span class=\"_ _4\"></span>. Each portfolio <span class=\"_ _3\"></span>of new business is<span class=\"_ _36a\"> </span>divided into annual cohorts (i.e. by <span class=\"_ _5\"></span>year of issue) and <span class=\"_ _4\"></span>each annual cohort into a maximum of three<span class=\"_ _36a\"> </span>groups based on the profitability <span class=\"_ _3\"></span>of contracts: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any contracts that are <span class=\"_ _3\"></span>onerous on initial recognition; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any contracts that, <span class=\"_ _3\"></span>on initial recognition, hav<span class=\"_ _3\"></span>e no significant possibility of becoming <span class=\"_ _3\"></span>onerous<span class=\"_ _36a\"> </span>subsequently; and <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any remaining contracts in the annual cohort.<span class=\"_ _36a\"> </span>F<span class=\"_ _4\"></span>urther detail regarding the judgements involv<span class=\"_ _3\"></span>ed in the defining portfolios and profitability groups can<span class=\"_ _36a\"> </span>be found in Note <span class=\"_ _4\"></span>A5(c).<span class=\"_ _36a\"> </span>Contracts within a portfolio that w<span class=\"_ _3\"></span>ould fall into diff<span class=\"_ _4\"></span>erent groups only because law <span class=\"_ _4\"></span>or regulat<span class=\"_ _c\"></span>ion<span class=\"_ _36a\"> </span>specifically constrains the Group\u2019<span class=\"_ _5\"></span>s practical ability to set a different price <span class=\"_ _3\"></span>or lev<span class=\"_ _4\"></span>el of benefits for<span class=\"_ _36a\"> </span>policyholders with diff<span class=\"_ _3\"></span>erent characteristics can be included in the same group, how<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>er the Group<span class=\"_ _36a\"> </span>has not taken adv<span class=\"_ _3\"></span>antage of this.<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ortfolios of reinsurance contracts held are assessed separately from insurance contracts issued<span class=\"_ _36a\"> </span>and are assessed for aggregation <span class=\"_ _3\"></span>on an individual contract basis. <span class=\"_ _3\"></span>Some reinsurance contracts provide<span class=\"_ _36a\"> </span>cov<span class=\"_ _3\"></span>er for underlying contracts that are included in diff<span class=\"_ _4\"></span>erent groups.<span class=\"_ _36a\"> </span>As per the gross insurance contracts the reinsurance contracts are divided into profitability groupings<span class=\"_ _36a\"> </span>as follo<span class=\"_ _3\"></span>ws: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any contracts <span class=\"_ _3\"></span>on which there is a net gain on initial recognition; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any contracts that, <span class=\"_ _3\"></span>on initial recognition, hav<span class=\"_ _3\"></span>e no significant possibility of sho<span class=\"_ _3\"></span>wing a net gain<span class=\"_ _36a\"> </span>subsequently; and <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any remaining contracts in the annual cohort.<span class=\"_ _36a\"> </span>All reinsurance contracts within the Group fall into the third profitability category abo<span class=\"_ _3\"></span>ve. (iv) <span class=\"_ _6\"></span>Recognition and der<span class=\"_ _4\"></span>ecognition of insurance and reinsur<span class=\"_ _4\"></span>ance contracts<span class=\"_ _36a\"> </span>An insurance contract issued by the Group is recognised from the <span class=\"_ _3\"></span>earliest of: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _c\"></span>the beginning of its coverage period (i.e. the period during which the Group pro<span class=\"_ _4\"></span>vides services in<span class=\"_ _36a\"> </span>respect of an<span class=\"_ _3\"></span>y premiums within the boundary of the contract); <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>when the first payment from the policyholder becomes due <span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>, if there is no contractual due date,<span class=\"_ _36a\"> </span>when it is received from the policyholder; and <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>when a group of contracts becomes onerous <span class=\"_ _4\"></span>or if the facts and circumstances indicate that a group<span class=\"_ _36a\"> </span>of contracts is onerous f<span class=\"_ _3\"></span>or those contracts measured using the P<span class=\"_ _4\"></span>AA.<span class=\"_ _36a\"> </span>An insurance contract acquired in a transf<span class=\"_ _3\"></span>er of contracts, <span class=\"_ _4\"></span>or a business combinat<span class=\"_ _c\"></span>ion is recognised on<span class=\"_ _36a\"> </span>the date of acquisition.<span class=\"_ _36a\"> </span>When the contract is recognised, it is added to an e<span class=\"_ _3\"></span>xisting group of contracts <span class=\"_ _3\"></span>or<span class=\"_ _4\"></span>, if the contract does<span class=\"_ _36a\"> </span>not qualify for inclusion in an <span class=\"_ _3\"></span>existing group, it f<span class=\"_ _3\"></span>orms a new group to which future contracts are<span class=\"_ _36a\"> </span>added. Groups of contracts are <span class=\"_ _3\"></span>established on initial recognition and their composition is not re<span class=\"_ _3\"></span>vised<span class=\"_ _36a\"> </span>once all contracts hav<span class=\"_ _3\"></span>e been added to the group.<span class=\"_ _36a\"> </span>Non-proportionate reinsurance contracts are recognised at the earlier <span class=\"_ _3\"></span>of:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>the beginning of the cov<span class=\"_ _3\"></span>erage period of the group <span class=\"_ _3\"></span>of reinsurance contracts; or<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span> <span class=\"_ _12\"></span>the date the entity recognises an onerous group of underlying insurance contracts if the <span class=\"_ _4\"></span>entity<span class=\"_ _36a\"> </span>entered into the related reinsurance contract held at or bef<span class=\"_ _3\"></span>ore that date.<span class=\"_ _36a\"> </span>The recognition <span class=\"_ _3\"></span>of proportionate reinsurance contracts is delay<span class=\"_ _3\"></span>ed until the date that any underlying<span class=\"_ _36a\"> </span>insurance contract is initially recognised, if that date is later than the beginning of the co<span class=\"_ _3\"></span>verage<span class=\"_ _36a\"> </span>period of the group <span class=\"_ _3\"></span>of reinsurance contracts held.<span class=\"_ _36a\"> </span>Reinsurance contracts acquired as recognised at the date <span class=\"_ _3\"></span>of acquisition.<span class=\"_ _36a\"> </span>The Group derecognises a contract when it is <span class=\"_ _3\"></span>extinguished \u2013 i.e. when the specified <span class=\"_ _3\"></span>obligations in the contract e<span class=\"_ _3\"></span>xpire or are discharged <span class=\"_ _3\"></span>or cancelled. <span class=\"_ _2f\"></span>The Group also derecognises a contract if its<span class=\"_ _36a\"> </span>terms are modified in a wa<span class=\"_ _3\"></span>y that would ha<span class=\"_ _3\"></span>ve changed the accounting f<span class=\"_ _3\"></span>or the contract significantly<span class=\"_ _36a\"> </span>had the new terms alw<span class=\"_ _3\"></span>ay<span class=\"_ _3\"></span>s e<span class=\"_ _4\"></span>xisted, in which case a new contract based on the modified terms is<span class=\"_ _36a\"> </span>recognised. If a contract modification does not result in derecognition, then the Group treats the<span class=\"_ _36a\"> </span>changes in cash flows caused b<span class=\"_ _3\"></span>y the modification as changes in estimates <span class=\"_ _3\"></span>of fulfilment cash flows.<span class=\"_ _36a\"> </span>) <span class=\"_ _6\"></span>F<span class=\"_ _3\"></span>ulfilment cash flows<span class=\"_ _36a\"> </span>The fulfilment cash flo<span class=\"_ _3\"></span>ws (FCF) are the current estimates <span class=\"_ _4\"></span>of the future cash flows within the contract<span class=\"_ _36a\"> </span>boundary of a group <span class=\"_ _3\"></span>of contracts and:<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>are unbiased estimates <span class=\"_ _3\"></span>of the future cash flows;<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>are determined from the perspective <span class=\"_ _3\"></span>of the Group, provided that the <span class=\"_ _3\"></span>estimates are consistent with<span class=\"_ _36a\"> </span>observable mark<span class=\"_ _3\"></span>et practises and variables; and<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>reflect conditions e<span class=\"_ _3\"></span>xisting at the period-end date.<span class=\"_ _36a\"> </span>An e<span class=\"_ _3\"></span>xplicit risk adjustment for non-financial risk is <span class=\"_ _3\"></span>estimated separately from the other <span class=\"_ _3\"></span>estimates<span class=\"_ _36a\"> </span>and reflects the compensation that the Group requires for bearing the uncertainty about the amount<span class=\"_ _36a\"> </span>and timing of the cash flo<span class=\"_ _3\"></span>ws from non-financial risk as the Group fulfils insurance contracts. F<span class=\"_ _3\"></span>or<span class=\"_ _36a\"> </span>reinsurance contracts held, the risk adjustment for non-financial risk represents the amount <span class=\"_ _3\"></span>of risk<span class=\"_ _36a\"> </span>being transf<span class=\"_ _3\"></span>erred b<span class=\"_ _3\"></span>y the Group to the reinsurer<span class=\"_ _4\"></span>. Methods and assumptions used to determine the<span class=\"_ _36a\"> </span>risk adjustment for non-financial risk are discussed in Note <span class=\"_ _4\"></span>A5(e).<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>estimates of the future cash flo<span class=\"_ _4\"></span>ws are adjusted using current discount rates to reflect the time<span class=\"_ _36a\"> </span>value <span class=\"_ _3\"></span>of money and the financial risks related to those cash flo<span class=\"_ _3\"></span>ws. <span class=\"_ _2f\"></span>The discount rates reflect the<span class=\"_ _36a\"> </span>characteristics of the cash flo<span class=\"_ _3\"></span>ws arising from the groups of insurance contracts, including timing,<span class=\"_ _36a\"> </span>currency and liquidity of cash flo<span class=\"_ _4\"></span>ws. <span class=\"_ _5\"></span>The determination of the discount rate that reflects the<span class=\"_ _36a\"> </span>characteristics of the cash flo<span class=\"_ _3\"></span>ws and liquidity characteristics of the insurance contracts requires<span class=\"_ _36a\"> </span>significant judgement and estimation (See Note <span class=\"_ _4\"></span>A5(d)).<span class=\"_ _36a\"> </span>The Group <span class=\"_ _3\"></span>estimates certain FCF at the portfolio le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>or higher and then allocates such estimates<span class=\"_ _36a\"> </span>to groups of contracts. <span class=\"_ _2f\"></span>The Group uses consistent assumptions to measure the <span class=\"_ _3\"></span>estimates of the<span class=\"_ _36a\"> </span>present value <span class=\"_ _3\"></span>of future cash flows f<span class=\"_ _4\"></span>or the group of reinsurance contracts held and such estimates<span class=\"_ _36a\"> </span>for the groups <span class=\"_ _3\"></span>of underlying insurance contracts.<span class=\"_ _36a\"> </span>i) <span class=\"_ _6\"></span>Contract boundar<span class=\"_ _4\"></span>ies<span class=\"_ _36a\"> </span>The measurement <span class=\"_ _3\"></span>of a group of contracts includes all <span class=\"_ _3\"></span>of the future cash flows within the boundary of each contract in the Group. F<span class=\"_ _4\"></span>or insurance contracts, cash flows are within the contract boundary<span class=\"_ _36a\"> </span>if they arise from substantiv<span class=\"_ _3\"></span>e rights and obligations that <span class=\"_ _3\"></span>exist during the reporting period in which<span class=\"_ _36a\"> </span>the Group can compel the policyholder to pay premiums <span class=\"_ _3\"></span>or has a substantive <span class=\"_ _3\"></span>obligation to provide<span class=\"_ _36a\"> </span>services (including insurance cov<span class=\"_ _3\"></span>erage and any in<span class=\"_ _3\"></span>vestment related services).<span class=\"_ _36a\"> </span>A substantive <span class=\"_ _3\"></span>obligation to provide insurance contract services <span class=\"_ _3\"></span>ends when either:<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>the Group has the practical ability to reassess the risks of the particular policyholder and as a result<span class=\"_ _36a\"> </span>can set a price or le<span class=\"_ _3\"></span>vel <span class=\"_ _4\"></span>of benefits t<span class=\"_ _c\"></span>hat fully reflects those risks, or<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>the Group has the practical ability to reassess the risks of the portf<span class=\"_ _4\"></span>ol<span class=\"_ _c\"></span>io of insurance contracts that<span class=\"_ _36a\"> </span>contain the contract and as a result can set a price or le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>of benefits that fully reflects the risk of<span class=\"_ _36a\"> </span>that portfolio unless the pricing <span class=\"_ _3\"></span>of the premiums up to the date when the risks are reassessed takes<span class=\"_ _36a\"> </span>into account the risks that relate to periods after the assessment.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or reinsurance contracts cash flows are within the contract boundary if the<span class=\"_ _3\"></span>y arise from substantive<span class=\"_ _36a\"> </span>rights and obligations that <span class=\"_ _3\"></span>exist during the reporting period in which the Group is compelled to pay amounts to the reinsurer <span class=\"_ _3\"></span>or has a substantive right to receiv<span class=\"_ _3\"></span>e services from the reinsurer<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>vii) <span class=\"_ _6\"></span>Insurance acquisition cash flo<span class=\"_ _4\"></span>ws<span class=\"_ _36a\"> </span>Insurance acquisition cash flows are cash flo<span class=\"_ _3\"></span>ws arising from the costs of selling, underwriting and<span class=\"_ _36a\"> </span>starting a group of insurance contracts (issued <span class=\"_ _3\"></span>or e<span class=\"_ _3\"></span>xpected to be issued) that are directly attributable<span class=\"_ _36a\"> </span>to the portfolio <span class=\"_ _3\"></span>of insurance contracts to which the group belongs. <span class=\"_ _3\"></span>Such cash flows are allocated to<span class=\"_ _36a\"> </span>groups of insurance contracts using a sy<span class=\"_ _3\"></span>stematic and rational method and considering, in an unbiased<span class=\"_ _36a\"> </span>wa<span class=\"_ _3\"></span>y<span class=\"_ _4\"></span>, all reasonable and supportable information that is a<span class=\"_ _3\"></span>vailable without undue cost <span class=\"_ _4\"></span>or effort.<span class=\"_ _36a\"> </span>Insurance acquisition cash flows arising bef<span class=\"_ _3\"></span>ore the recognition of the related group <span class=\"_ _3\"></span>of contracts are<span class=\"_ _36a\"> </span>recognised as an asset and the asset is derecognised, when the insurance acquisition cash flows<span class=\"_ _36a\"> </span>are included in the measurement of the group <span class=\"_ _3\"></span>of contracts. <span class=\"_ _2f\"></span>The Group derecognises the assets for<span class=\"_ _36a\"> </span>insurance acquisition cash flows in the <span class=\"_ _5\"></span>year within the reporting period in which the e<span class=\"_ _3\"></span>xpenses are<span class=\"_ _36a\"> </span>incurred and therefore does not ha<span class=\"_ _4\"></span>ve any assets f<span class=\"_ _3\"></span>or insurance acquisition cash flows in the <span class=\"_ _4\"></span>Statement<span class=\"_ _36a\"> </span>of Financial P<span class=\"_ _4\"></span>osition at the reporting date<span class=\"_ _36a\"> </span>iii) <span class=\"_ _6\"></span>Initial measur<span class=\"_ _4\"></span>ement \u2013 insurance contracts not measur<span class=\"_ _3\"></span>ed under the P<span class=\"_ _5\"></span>AA<span class=\"_ _36a\"> </span>The CSM is a component <span class=\"_ _3\"></span>of the carrying amount <span class=\"_ _3\"></span>of the asset or liability f<span class=\"_ _3\"></span>or a group of insurance<span class=\"_ _36a\"> </span>contracts issued representing the unearned profit that the Group will recognise as it provides<span class=\"_ _36a\"> </span>insurance contract services in the future. At initial recognition, the CSM is an amount that results<span class=\"_ _36a\"> </span>in no income or <span class=\"_ _3\"></span>expenses (unless a group <span class=\"_ _4\"></span>of contracts is onerous) arising from:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>the initial recognition of the FCF; and<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>cash flows arising from the contracts in the group at that date.<span class=\"_ _36a\"> </span>When the abov<span class=\"_ _3\"></span>e calculation results in a net outflo<span class=\"_ _3\"></span>w<span class=\"_ _4\"></span>, the group of insurance contracts issued is<span class=\"_ _36a\"> </span>onerous. A loss from <span class=\"_ _4\"></span>onerous insurance contracts is recognised in profit or loss immediately<span class=\"_ _4\"></span>, with no CSM recognised on the <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition on initial recognition, and a loss component<span class=\"_ _36a\"> </span>is established in the amount <span class=\"_ _3\"></span>of loss recognised (see Note A4(a)(xi)).<span class=\"_ _36a\"> </span>ix) <span class=\"_ _6\"></span>Initial measur<span class=\"_ _4\"></span>ement \u2013 reinsurance contr<span class=\"_ _4\"></span>acts not measured under the P<span class=\"_ _5\"></span>AA<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or groups of reinsurance contracts held, an<span class=\"_ _4\"></span>y net gain or loss at initial recognition is recognised as<span class=\"_ _36a\"> </span>the CSM unless the net cost of purchasing reinsurance relates to past <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>ents, in which case the<span class=\"_ _36a\"> </span>Group recognises the net cost immediately in profit or loss. F<span class=\"_ _4\"></span>or reinsurance contracts held, the CSM<span class=\"_ _36a\"> </span>represents a def<span class=\"_ _3\"></span>erred gain <span class=\"_ _3\"></span>or loss that the Group will recognise as a reinsurance e<span class=\"_ _3\"></span>xpense as it<span class=\"_ _36a\"> </span>receives insurance contract services from the reinsurer in the future and is calculated as the sum <span class=\"_ _4\"></span>of:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>the initial recognition of the FCF;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>cash flows arising from the contracts in the group at that date; and<span class=\"_ _36a\"> </span>(c) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>any income recognised in profit <span class=\"_ _3\"></span>or loss when the entity recognises a loss <span class=\"_ _3\"></span>on initial recognition<span class=\"_ _36a\"> </span>of an onerous group <span class=\"_ _3\"></span>of underlying insurance contracts or <span class=\"_ _4\"></span>on add<span class=\"_ _c\"></span>ition of <span class=\"_ _3\"></span>onerous underlying<span class=\"_ _36a\"> </span>insurance contracts to that group.<span class=\"_ _36a\"> </span>A loss-recov<span class=\"_ _3\"></span>ery component is established <span class=\"_ _3\"></span>or adjusted within the remaining cov<span class=\"_ _3\"></span>erage for reinsurance<span class=\"_ _36a\"> </span>contracts held for the amount <span class=\"_ _3\"></span>of income recognised in (c) abov<span class=\"_ _3\"></span>e. <span class=\"_ _2f\"></span>This amount is calculated by<span class=\"_ _36a\"> </span>multiplying the loss recognised on underlying insurance contracts b<span class=\"_ _3\"></span>y the percentage of claims <span class=\"_ _3\"></span>on<span class=\"_ _36a\"> </span>underlying insurance contracts that the Group e<span class=\"_ _3\"></span>xpects to recov<span class=\"_ _3\"></span>er from the reinsurance contracts<span class=\"_ _36a\"> </span>held that are entered into bef<span class=\"_ _3\"></span>ore or at the same time as the loss is recognised <span class=\"_ _3\"></span>on the underlying<span class=\"_ _36a\"> </span>insurance contracts. <span class=\"_ _2f\"></span>When underlying insurance contracts are included in the same group with<span class=\"_ _36a\"> </span>insurance contracts issued that are not reinsured, the Group applies a systematic and rational method<span class=\"_ _36a\"> </span>of allocation to determine the portion of losses that relates to underlying insurance contracts.<span class=\"_ _36a\"> </span> (x) <span class=\"_ _6\"></span>Contr<span class=\"_ _3\"></span>acts acquired in a business combination or por<span class=\"_ _4\"></span>tfolio transf<span class=\"_ _4\"></span>er<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or groups of contracts acquired in a transf<span class=\"_ _4\"></span>er of contracts or a business combination, the consideration<span class=\"_ _36a\"> </span>received f<span class=\"_ _3\"></span>or the contracts is included in the fulfilment cash flows as a pro<span class=\"_ _3\"></span>xy for the premiums<span class=\"_ _36a\"> </span>received at the date <span class=\"_ _3\"></span>of acquisition. In a business combination, the consideration received is the f<span class=\"_ _3\"></span>air<span class=\"_ _36a\"> </span>value <span class=\"_ _3\"></span>of the contracts at that date. If the total is a net outflo<span class=\"_ _3\"></span>w<span class=\"_ _4\"></span>, then the group is onerous. In this<span class=\"_ _36a\"> </span>case, the net outflo<span class=\"_ _3\"></span>w is recognised as a loss in profit or loss, <span class=\"_ _3\"></span>or as an adjustment to goodwill or the<span class=\"_ _36a\"> </span>gain on a bargain purchase if the contracts are acquired in a business combination. <span class=\"_ _4\"></span>A loss component<span class=\"_ _36a\"> </span>is created to depict the amount of the net cash <span class=\"_ _3\"></span>outflow<span class=\"_ _5\"></span>, which determines the amounts that are<span class=\"_ _36a\"> </span>subsequently presented in profit or loss as re<span class=\"_ _3\"></span>versals <span class=\"_ _4\"></span>of losses on onerous contracts and are <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>cluded<span class=\"_ _36a\"> </span>from insurance rev<span class=\"_ _3\"></span>enue and instead reported within \u2018insurance service e<span class=\"_ _3\"></span>xpense\u2019<span class=\"_ _9\"></span>.<span class=\"_ _36a\"> </span>(xi) <span class=\"_ _6\"></span>Subsequent measur<span class=\"_ _4\"></span>ement \u2013 insurance contracts not measur<span class=\"_ _4\"></span>ed under the P<span class=\"_ _4\"></span>AA<span class=\"_ _36a\"> </span>The carrying amount <span class=\"_ _4\"></span>of a group of insurance contracts at each reporting date is the sum <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>Liability for R<span class=\"_ _3\"></span>emaining Cov<span class=\"_ _3\"></span>erage (LRC) and the Liability f<span class=\"_ _4\"></span>or Incurred Claims (LIC). <span class=\"_ _5\"></span>The LRC comprises<span class=\"_ _36a\"> </span>the FCF that relate to services that will be provided under the contracts in future periods and an<span class=\"_ _3\"></span>y<span class=\"_ _36a\"> </span>remaining CSM at that date. <span class=\"_ _2f\"></span>The LIC includes the FCF for incurred claims and <span class=\"_ _4\"></span>expenses that have<span class=\"_ _36a\"> </span>not <span class=\"_ _4\"></span>yet been paid, including claims that ha<span class=\"_ _3\"></span>ve been incur<span class=\"_ _3\"></span>red but not <span class=\"_ _4\"></span>yet reported.<span class=\"_ _36a\"> </span>The FCF <span class=\"_ _3\"></span>of groups of insurance contracts are updated b<span class=\"_ _4\"></span>y t<span class=\"_ _c\"></span>he Group for cur<span class=\"_ _3\"></span>rent assumptions at the<span class=\"_ _36a\"> </span>end of <span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>ery report<span class=\"_ _c\"></span>ing period, using the current <span class=\"_ _3\"></span>estimates of the amount, timing and uncertainty of future cash flows and <span class=\"_ _4\"></span>of discount rates. <span class=\"_ _5\"></span>The wa<span class=\"_ _3\"></span>y in which the changes in estimates <span class=\"_ _3\"></span>of the FCF<span class=\"_ _36a\"> </span>are treated follo<span class=\"_ _3\"></span>w the general principle below:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>changes that relate to current or past service are recognised in profit or loss; and<span class=\"_ _36a\"> </span>(b) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>changes t<span class=\"_ _c\"></span>hat relate to future service are recognised by adjusting the CSM <span class=\"_ _4\"></span>or the loss component<span class=\"_ _36a\"> </span>within the LRC as per the policy belo<span class=\"_ _3\"></span>w<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>For insur<span class=\"_ _3\"></span>ance contracts under the GMM:<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing adjustments relate to future service and thus adjust the CSM:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _11\"> </span> <span class=\"_ _12\"></span>experience adjustments \u2013 arising from premiums received in the period that relate to future service and related cash flows such as insurance acquisition cash flo<span class=\"_ _4\"></span>ws and premium-<span class=\"_ _36a\"> </span>based taxes;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span> <span class=\"_ _12\"></span>changes in estimates <span class=\"_ _4\"></span>of the present value of future cash flo<span class=\"_ _3\"></span>ws in the LRC, <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>cept t<span class=\"_ _c\"></span>hose<span class=\"_ _36a\"> </span>described in the follo<span class=\"_ _3\"></span>wing paragraph;<span class=\"_ _36a\"> </span>(c) <span class=\"_ _11\"> </span> <span class=\"_ _12\"></span>differences betw<span class=\"_ _3\"></span>een any in<span class=\"_ _4\"></span>vestment component e<span class=\"_ _3\"></span>xpected to become pay<span class=\"_ _3\"></span>able in the period<span class=\"_ _36a\"> </span>and the actual inv<span class=\"_ _4\"></span>estment component that becomes payable in the period, determined by<span class=\"_ _36a\"> </span>comparing (i) the actual inv<span class=\"_ _4\"></span>estment component that becomes payable in a period with (ii) the<span class=\"_ _36a\"> </span>payment in the period that w<span class=\"_ _3\"></span>as e<span class=\"_ _3\"></span>xpected at the start of the period plus an<span class=\"_ _3\"></span>y insurance finance<span class=\"_ _36a\"> </span>income or <span class=\"_ _3\"></span>expenses related to that <span class=\"_ _3\"></span>expected pa<span class=\"_ _4\"></span>yment before it becomes pay<span class=\"_ _3\"></span>able; and<span class=\"_ _36a\"> </span>(d) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he risk adjustment for non-financial risk that relate to future service.<span class=\"_ _36a\"> </span>Adjustments (a), (b) and (d) abo<span class=\"_ _3\"></span>ve are measured using discount rates determined <span class=\"_ _3\"></span>on initial recognition<span class=\"_ _36a\"> </span>(the locked-in discount rates).<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>A4 <span class=\"_ _6\"></span>Mater<span class=\"_ _4\"></span>ial accounting policy infor<span class=\"_ _3\"></span>mation (continued)  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts and r<span class=\"_ _4\"></span>einsurance contracts (continued)<span class=\"_ _36a\"> </span>For insur<span class=\"_ _3\"></span>ance contracts under the GMM:(continued)<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or insurance contracts under the GMM, the follo<span class=\"_ _3\"></span>wing adjustments do not adjust the CSM:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>changes in t<span class=\"_ _c\"></span>he FCF for the <span class=\"_ _3\"></span>eff<span class=\"_ _4\"></span>ect of the time value of mone<span class=\"_ _4\"></span>y and the eff<span class=\"_ _3\"></span>ect of financial risk and<span class=\"_ _36a\"> </span>changes thereof;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he FCF relating to the LIC; and<span class=\"_ _36a\"> </span>(c) <span class=\"_ _d\"> </span> <span class=\"_ _0\"></span>experience adjustments relating to insurance service e<span class=\"_ _4\"></span>xpenses (excluding insurance acquisition<span class=\"_ _36a\"> </span>cash flows).<span class=\"_ _36a\"> </span>The Group does not classify an<span class=\"_ _3\"></span>y premiums received in the period as relating to current service <span class=\"_ _4\"></span>on<span class=\"_ _36a\"> </span>materiality grounds.<span class=\"_ _36a\"> </span>For insur<span class=\"_ _3\"></span>ance contracts under the <span class=\"_ _9\"></span>VF<span class=\"_ _4\"></span>A:<span class=\"_ _36a\"> </span>Direct participating contracts are contracts under which the Group\u2019<span class=\"_ _5\"></span>s obligation to the policyholder<span class=\"_ _36a\"> </span>is the net of: <span class=\"_ _cd\"> </span><span class=\"ls41\">\u2013 <span class=\"_ _6\"></span>the obligation to pay the policyholder an amount <span class=\"_ _4\"></span>equal to the fair value <span class=\"_ _3\"></span>of the underlying items; and</span> <span class=\"_ _cd\"> </span><span class=\"ls37 wscd\">\u2013 <span class=\"_ _6\"></span>a v<span class=\"_ _3\"></span>ariable f<span class=\"_ _3\"></span>ee in e<span class=\"_ _3\"></span>xchange f<span class=\"_ _3\"></span>or future services provided b<span class=\"_ _4\"></span>y the contracts, being the amount of the<span class=\"_ _36a\"> </span></span>Group\u2019<span class=\"_ _5\"></span>s share of the fair v<span class=\"_ _4\"></span>alue of the underlying items less fulfilment cash flows that do not vary<span class=\"_ _36a\"> </span>based on the returns <span class=\"_ _4\"></span>on underlying items. <span class=\"_ _5\"></span>The Group provides in<span class=\"_ _3\"></span>vestment related services under<span class=\"_ _36a\"> </span>these contracts by promising an in<span class=\"_ _3\"></span>vestment return based <span class=\"_ _4\"></span>on underlying items, in addition to<span class=\"_ _36a\"> </span>insurance cov<span class=\"_ _3\"></span>erage.<span class=\"_ _36a\"> </span>The Group has not applied the risk mitigation <span class=\"_ _3\"></span>option that is av<span class=\"_ _3\"></span>ailable under IFRS 1<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>.B1<span class=\"_ _5\"></span>1<span class=\"_ _3\"></span>5 regarding<span class=\"_ _36a\"> </span>offsetting the impacts of deriv<span class=\"_ _3\"></span>atives and reinsurance contracts and theref<span class=\"_ _3\"></span>ore recognises all changes<span class=\"_ _36a\"> </span>in financial risk and the time value <span class=\"_ _3\"></span>of money against the CSM f<span class=\"_ _3\"></span>or direct participating contracts.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing adjustments relate to future service and thus adjust the CSM:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>changes in the amount of the Group\u2019<span class=\"_ _5\"></span>s share of the fair v<span class=\"_ _4\"></span>alue of the underlying items; and<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he FCF that do not vary based <span class=\"_ _3\"></span>on the returns of underlying items: <span class=\"_ _156\"> </span>(i) <span class=\"_ _2\"> </span> <span class=\"_ _12\"></span>changes in the eff<span class=\"_ _3\"></span>ect of the time v<span class=\"_ _4\"></span>alue of money and financial risks including the eff<span class=\"_ _4\"></span>ect of<span class=\"_ _36a\"> </span>financial guarantees; <span class=\"_ _156\"> </span>(ii) <span class=\"_ _f\"> </span> <span class=\"_ _12\"></span>changes in estimates of the present v<span class=\"_ _3\"></span>alue of future cash flo<span class=\"_ _4\"></span>ws in the LRC; and <span class=\"_ _156\"> </span>(iii)  changes in the risk adjustment for non-financial risk that relate to fut<span class=\"_ _3\"></span>ure service.<span class=\"_ _36a\"> </span>Adjustments are measured using the current discount rates.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or insurance contracts under the <span class=\"_ _4\"></span>VF<span class=\"_ _5\"></span>A, the following adjustments do not adjust the CSM:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>changes in t<span class=\"_ _c\"></span>he obligation to pa<span class=\"_ _3\"></span>y the policyholder the amount equal to the f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>underlying items;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he FCF that do not vary based <span class=\"_ _3\"></span>on the returns of underlying items: <span class=\"_ _156\"> </span>(i) <span class=\"_ _158\"> </span>changes in the FCF relating to the LIC; and <span class=\"_ _156\"> </span>(ii) <span class=\"_ _f\"> </span> <span class=\"_ _12\"></span>experience adjustments relating to insurance service e<span class=\"_ _3\"></span>xpenses (ex<span class=\"_ _3\"></span>cluding insurance<span class=\"_ _36a\"> </span>acquisition cash flows).<span class=\"_ _36a\"> </span>The Group does not classify an<span class=\"_ _3\"></span>y premiums received in the period as relating to current service <span class=\"_ _4\"></span>on<span class=\"_ _36a\"> </span>materiality grounds.<span class=\"_ _36a\"> </span>Changes t<span class=\"_ _3\"></span>o the CSM for insur<span class=\"_ _4\"></span>ance contracts:<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or insurance contracts, the carrying amount <span class=\"_ _3\"></span>of the CSM at each reporting date is the carrying amount<span class=\"_ _36a\"> </span>at the start of the <span class=\"_ _5\"></span>year<span class=\"_ _4\"></span>, adjusted for:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>the CSM of an<span class=\"_ _4\"></span>y new contracts that are added to the Group in the <span class=\"_ _4\"></span>year;<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>interest accreted on the carrying amount of the CSM during the <span class=\"_ _5\"></span>year (for contracts under the<span class=\"_ _36a\"> </span>GMM, using discount rates determined at initial recognition that are applied to nominal cash<span class=\"_ _36a\"> </span>flows that do not v<span class=\"_ _3\"></span>ary based on the returns <span class=\"_ _4\"></span>of underlying items);<span class=\"_ _36a\"> </span>(iii)   <span class=\"_ _1\"></span>as detailed above, changes in fulfilment cash flo<span class=\"_ _3\"></span>ws that relate to future services, to the e<span class=\"_ _3\"></span>xtent<span class=\"_ _36a\"> </span>that there is a CSM av<span class=\"_ _3\"></span>ailable. <span class=\"_ _2f\"></span>When an increase in the FCF exceeds the car<span class=\"_ _3\"></span>rying amount of the<span class=\"_ _36a\"> </span>CSM, the CSM is reduced to zero, the <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>cess is recognised in insurance service e<span class=\"_ _4\"></span>xpenses and<span class=\"_ _36a\"> </span>a loss component is recognised within the LRC. <span class=\"_ _2f\"></span>When the CSM is zero, changes in the FCF<span class=\"_ _36a\"> </span>adjust the loss component within the LRC with the impact going to insurance service <span class=\"_ _3\"></span>expenses.<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>cess of any decrease in the FCF o<span class=\"_ _4\"></span>ver the loss component reduces the loss component<span class=\"_ _36a\"> </span>to zero and reinstates the CSM;<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _7\"> </span>the eff<span class=\"_ _3\"></span>ect of an<span class=\"_ _3\"></span>y currency <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>change diff<span class=\"_ _3\"></span>erences on the CSM; and<span class=\"_ _36a\"> </span>(v) <span class=\"_ _11\"> </span> <span class=\"_ _12\"></span>the amount recognised as insurance revenue f<span class=\"_ _3\"></span>or insurance services provided in the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>,<span class=\"_ _36a\"> </span>determined after all other adjustments abo<span class=\"_ _3\"></span>ve.<span class=\"_ _36a\"> </span>The CSMs f<span class=\"_ _3\"></span>or Mov<span class=\"_ _4\"></span>est<span class=\"_ _c\"></span>ic and <span class=\"_ _4\"></span>Scildon are calculated in t<span class=\"_ _c\"></span>he <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>edish krona and euro respectively and<span class=\"_ _36a\"> </span>translated into sterling on consolidation into the Group financial statements.<span class=\"_ _36a\"> </span>Release of the CSM to pr<span class=\"_ _4\"></span>ofit or loss for insurance contr<span class=\"_ _3\"></span>acts \u2013 cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e units<span class=\"_ _36a\"> </span>The amount <span class=\"_ _3\"></span>of the CSM recognised in profit or loss f<span class=\"_ _3\"></span>or insurance contract services in the period is<span class=\"_ _36a\"> </span>determined by the allocation <span class=\"_ _3\"></span>of the CSM remaining at the end <span class=\"_ _3\"></span>of the reporting period o<span class=\"_ _3\"></span>ver the cur<span class=\"_ _3\"></span>rent<span class=\"_ _36a\"> </span>and remaining e<span class=\"_ _3\"></span>xpected cov<span class=\"_ _4\"></span>erage period of the group of insurance contracts based on co<span class=\"_ _4\"></span>verage<span class=\"_ _36a\"> </span>units. <span class=\"_ _2f\"></span>The cov<span class=\"_ _3\"></span>erage period is defined as a period during which the entity pro<span class=\"_ _3\"></span>vides insurance contract<span class=\"_ _36a\"> </span>services. Insurance contract services include cov<span class=\"_ _3\"></span>erage for an insured <span class=\"_ _4\"></span>event (insurance cov<span class=\"_ _4\"></span>erage),<span class=\"_ _36a\"> </span>the generation of an in<span class=\"_ _3\"></span>vestment return f<span class=\"_ _4\"></span>or the policyholder<span class=\"_ _4\"></span>, if applicable (investment-return service)<span class=\"_ _36a\"> </span>for the contracts under the GMM, and the management <span class=\"_ _3\"></span>of underlying items on behalf <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>policyholder (inv<span class=\"_ _3\"></span>estment-related service) for the contracts under the <span class=\"_ _5\"></span>VF<span class=\"_ _5\"></span>A.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment-return services are provided <span class=\"_ _4\"></span>only when an investment component <span class=\"_ _3\"></span>exists in insurance<span class=\"_ _36a\"> </span>contracts or the policyholder has a right to withdra<span class=\"_ _3\"></span>w an amount, and the Group e<span class=\"_ _3\"></span>xpects these<span class=\"_ _36a\"> </span>amounts to include an inv<span class=\"_ _3\"></span>estment return that is achiev<span class=\"_ _4\"></span>ed by the Group by perf<span class=\"_ _3\"></span>orming inv<span class=\"_ _3\"></span>estment<span class=\"_ _36a\"> </span>activities to generate that inv<span class=\"_ _3\"></span>estment return.<span class=\"_ _36a\"> </span>Note A5(g) sets <span class=\"_ _4\"></span>out the coverage units that are applied to the products within the Group.<span class=\"_ _36a\"> </span>Insurance contr<span class=\"_ _3\"></span>acts \u2013 loss component<span class=\"_ _36a\"> </span>When the negative adjustments to the CSM <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>ceed the amount of the CSM, the group <span class=\"_ _3\"></span>of contracts<span class=\"_ _36a\"> </span>becomes onerous, and the Group recognises the <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>cess in insurance service e<span class=\"_ _4\"></span>xpenses and records<span class=\"_ _36a\"> </span>the e<span class=\"_ _3\"></span>xcess as a loss component <span class=\"_ _3\"></span>of the LRC. B<span class=\"_ _4\"></span>ot<span class=\"_ _c\"></span>h additions and rev<span class=\"_ _3\"></span>ersals to the loss component are<span class=\"_ _36a\"> </span>measured at locked-in discount rates and allocations are made at the beginning <span class=\"_ _3\"></span>of the period. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>systematic allocation is calculated as the <span class=\"_ _3\"></span>opening loss component of the LR<span class=\"_ _3\"></span>C divided by the sum<span class=\"_ _36a\"> </span>of the total opening present v<span class=\"_ _3\"></span>alue of future cash flo<span class=\"_ _4\"></span>ws and adjustment for future non-financial risk.<span class=\"_ _36a\"> </span>When a loss component e<span class=\"_ _3\"></span>xists, the Group allocates between the loss component and the remaining<span class=\"_ _36a\"> </span>component of the LR<span class=\"_ _3\"></span>C for the respectiv<span class=\"_ _3\"></span>e group of contracts, <span class=\"_ _4\"></span>on a systematic and rational basis for:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>expected incurred claims and <span class=\"_ _3\"></span>other directly attributable expenses f<span class=\"_ _4\"></span>or the period;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he risk adjustment for non-financial risk f<span class=\"_ _3\"></span>or the risk e<span class=\"_ _4\"></span>xpired; and<span class=\"_ _36a\"> </span>(c) <span class=\"_ _d\"> </span>finance income (expenses) from insurance contracts issued.<span class=\"_ _36a\"> </span>The amounts <span class=\"_ _3\"></span>of loss component allocation in (a) and (b) abov<span class=\"_ _3\"></span>e reduce the respective components<span class=\"_ _36a\"> </span>of insurance rev<span class=\"_ _3\"></span>enue and are reflected in insurance service e<span class=\"_ _4\"></span>xpenses. Decreases in t<span class=\"_ _c\"></span>he FCF in<span class=\"_ _36a\"> </span>subsequent periods that relate to future service reduce the remaining loss component and reinstate<span class=\"_ _36a\"> </span>the CSM after the loss component is reduced to zero. Increases in the FCF in subsequent periods<span class=\"_ _36a\"> </span>that relate to future service increase the loss component.<span class=\"_ _36a\"> </span>Mov<span class=\"_ _3\"></span>ement in the loss component comprises changes in e<span class=\"_ _3\"></span>xperience and systematic allocation.<span class=\"_ _36a\"> </span>Changes relating to e<span class=\"_ _3\"></span>xperience and assumptions are presented as \u2018Losses and re<span class=\"_ _3\"></span>versals <span class=\"_ _4\"></span>of losses on<span class=\"_ _36a\"> </span>onerous contracts<span class=\"_ _3\"></span>\u2019 and changes relating to systematic allocation are presented as \u2018Incurred claims<span class=\"_ _36a\"> </span>and other directly attributable <span class=\"_ _3\"></span>expenses<span class=\"_ _4\"></span>\u2019 in the loss component column of the \u2018analysis b<span class=\"_ _4\"></span>y remaining<span class=\"_ _36a\"> </span>cov<span class=\"_ _3\"></span>erage and incurred claims<span class=\"_ _4\"></span>\u2019 tables in the insurance and reinsurance contracts notes in Section F<span class=\"_ _0\"></span>.<span class=\"_ _36a\"> </span>(xii) <span class=\"_ _6\"></span>Subsequent measur<span class=\"_ _3\"></span>ement \u2013 reinsur<span class=\"_ _4\"></span>ance contracts not measured under the P<span class=\"_ _2f\"></span>AA<span class=\"_ _36a\"> </span>The carrying amount <span class=\"_ _4\"></span>of a group of insurance contracts at each reporting date is the sum <span class=\"_ _3\"></span>of the A<span class=\"_ _3\"></span>sset<span class=\"_ _36a\"> </span>for R<span class=\"_ _3\"></span>emaining Cov<span class=\"_ _4\"></span>erage (ARC) and the Asset f<span class=\"_ _4\"></span>or Incurred Claims (AIC). <span class=\"_ _5\"></span>The <span class=\"_ _3\"></span>ARC comprises the FCF<span class=\"_ _36a\"> </span>that relates to services that will be received under the reinsurance contracts held in future periods<span class=\"_ _36a\"> </span>and any remaining CSM at that date. <span class=\"_ _2f\"></span>The <span class=\"_ _3\"></span>AIC comprises the FCF related to past service for incur<span class=\"_ _3\"></span>red<span class=\"_ _36a\"> </span>claims that hav<span class=\"_ _3\"></span>e not <span class=\"_ _4\"></span>yet been receiv<span class=\"_ _4\"></span>ed.<span class=\"_ _36a\"> </span>Changes t<span class=\"_ _3\"></span>o the CSM for r<span class=\"_ _4\"></span>einsurance contracts:<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or reinsurance contracts, the carrying amount <span class=\"_ _3\"></span>of the CSM at each reporting date is the carrying<span class=\"_ _36a\"> </span>amount at the start of the <span class=\"_ _5\"></span>year<span class=\"_ _4\"></span>, adjusted for:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>the CSM of an<span class=\"_ _4\"></span>y new contracts that are added to the Group in the <span class=\"_ _4\"></span>year;<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span> <span class=\"_ _0\"></span>Interest accreted on the carrying amount <span class=\"_ _3\"></span>of the CSM during the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>, measured at the discount<span class=\"_ _36a\"> </span>rates on nominal cash flo<span class=\"_ _3\"></span>ws that do not vary based <span class=\"_ _3\"></span>on the returns on an<span class=\"_ _4\"></span>y underlying items<span class=\"_ _36a\"> </span>determined on initial recognition;<span class=\"_ _36a\"> </span>(iii) <span class=\"_ _11\"> </span>Income recognised in profit or loss in the <span class=\"_ _5\"></span>year on initial recognition <span class=\"_ _3\"></span>of onerous underlying contracts;<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _31\"> </span> <span class=\"_ _12\"></span>reversals <span class=\"_ _3\"></span>of a loss-recov<span class=\"_ _3\"></span>ery component to the e<span class=\"_ _3\"></span>xtent that they are not changes in the fulfilment<span class=\"_ _36a\"> </span>cash flows <span class=\"_ _3\"></span>of the group of reinsurance contracts;<span class=\"_ _36a\"> </span>(v) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>changes in fulfilment cash flows that relate to future services, measured at the discount rates<span class=\"_ _36a\"> </span>determined on initial recognition, unless the<span class=\"_ _3\"></span>y result from changes in fulfilment cash flows <span class=\"_ _3\"></span>of<span class=\"_ _36a\"> </span>onerous underlying contracts, in which case they are recognised in profit <span class=\"_ _3\"></span>or loss and create or<span class=\"_ _36a\"> </span>adjust a loss-recov<span class=\"_ _3\"></span>ery component;<span class=\"_ _36a\"> </span>(vi) <span class=\"_ _7\"> </span>the eff<span class=\"_ _3\"></span>ect of an<span class=\"_ _3\"></span>y currency <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>change diff<span class=\"_ _3\"></span>erences on the CSM; and<span class=\"_ _36a\"> </span>(vii) the amount recognised in profit or loss because <span class=\"_ _4\"></span>of the services received in the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>Income ref<span class=\"_ _3\"></span>erred to in (iii) abo<span class=\"_ _3\"></span>ve is calculated b<span class=\"_ _3\"></span>y multiplying the loss recognised on underlying<span class=\"_ _36a\"> </span>insurance contracts by the percentage <span class=\"_ _3\"></span>of claims on underlying insurance contracts that the Group<span class=\"_ _36a\"> </span>expects to reco<span class=\"_ _3\"></span>ver from the reinsurance contract held that is <span class=\"_ _3\"></span>entered into before <span class=\"_ _4\"></span>or at the same<span class=\"_ _36a\"> </span>time as the loss is recognised on the underlying insurance contracts. F<span class=\"_ _4\"></span>or the purposes of (iii) to (v)<span class=\"_ _36a\"> </span>abov<span class=\"_ _3\"></span>e, when underlying insurance contracts are included in the same group with insurance contracts<span class=\"_ _36a\"> </span>issued that are not reinsured, the Group applies a systematic and rational method <span class=\"_ _3\"></span>of allocation to<span class=\"_ _36a\"> </span>determine the portion of losses that relates to underlying insurance contracts.<span class=\"_ _36a\"> </span>Release of the CSM to pr<span class=\"_ _4\"></span>ofit or loss for reinsur<span class=\"_ _3\"></span>ance contracts \u2013 co<span class=\"_ _4\"></span>verage units<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or reinsurance contracts held, the CSM is released to profit or loss as insurance contract services<span class=\"_ _36a\"> </span>are received from the reinsurer in the period. Note <span class=\"_ _4\"></span>A5(g) sets out the coverage units that are applied<span class=\"_ _36a\"> </span>to the reinsurance contracts held within the Group.<span class=\"_ _36a\"> </span>Reinsurance contr<span class=\"_ _3\"></span>acts held \u2013 loss-r<span class=\"_ _3\"></span>ecov<span class=\"_ _3\"></span>ery component<span class=\"_ _36a\"> </span>A loss-recov<span class=\"_ _3\"></span>ery component is established <span class=\"_ _3\"></span>or adjusted within the asset for remaining co<span class=\"_ _3\"></span>verage f<span class=\"_ _4\"></span>or<span class=\"_ _36a\"> </span>reinsurance contracts held for the amount <span class=\"_ _3\"></span>of income recognised in profit or loss when the Group<span class=\"_ _36a\"> </span>recognises a loss on initial recognition <span class=\"_ _3\"></span>of an onerous group <span class=\"_ _3\"></span>of underlying insurance contracts or <span class=\"_ _4\"></span>on<span class=\"_ _36a\"> </span>addition of <span class=\"_ _3\"></span>onerous underlying insurance contracts to that group. <span class=\"_ _3\"></span>Subsequently<span class=\"_ _4\"></span>, the loss-recov<span class=\"_ _3\"></span>ery<span class=\"_ _36a\"> </span>component is adjusted to reflect changes in the loss component of an <span class=\"_ _3\"></span>onerous group of underlying<span class=\"_ _36a\"> </span>insurance contracts.<span class=\"_ _36a\"> </span>The loss-reco<span class=\"_ _3\"></span>very component is further adjusted, if required, to <span class=\"_ _3\"></span>ensure that it does not e<span class=\"_ _4\"></span>xceed the<span class=\"_ _36a\"> </span>portion of the carrying amount <span class=\"_ _4\"></span>of the loss component of the onerous group <span class=\"_ _3\"></span>of underlying insurance<span class=\"_ _36a\"> </span>contracts that the Group e<span class=\"_ _3\"></span>xpects to recov<span class=\"_ _3\"></span>er from the group of reinsurance contracts held. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>loss-recov<span class=\"_ _3\"></span>ery component determines the amounts that are presented as a reduction of incurred claims<span class=\"_ _36a\"> </span>recov<span class=\"_ _3\"></span>ery from reinsurance contracts held and are consequently e<span class=\"_ _3\"></span>xcluded from the reinsurance<span class=\"_ _36a\"> </span>expenses determination.<span class=\"_ _36a\"> </span>(xiii) <span class=\"_ _6\"></span>Insurance and r<span class=\"_ _3\"></span>einsurance contr<span class=\"_ _4\"></span>acts measured under P<span class=\"_ _5\"></span>AA<span class=\"_ _36a\"> </span>The Group uses P<span class=\"_ _5\"></span>AA to simplify the measurement of groups of contracts where the co<span class=\"_ _3\"></span>verage period<span class=\"_ _36a\"> </span>of each contract in the group is 1 <span class=\"_ _5\"></span>year or less. <span class=\"_ _2f\"></span>This approach is used f<span class=\"_ _3\"></span>or stand-alone short-term<span class=\"_ _36a\"> </span>protection products in Mov<span class=\"_ _3\"></span>estic.<span class=\"_ _36a\"> </span>On initial recognition of <span class=\"_ _3\"></span>each group of insurance contracts, the carrying amount <span class=\"_ _4\"></span>of the LRC is<span class=\"_ _36a\"> </span>measured at the premiums received. <span class=\"_ _2f\"></span>The Group has chosen to <span class=\"_ _3\"></span>expense insurance acquisition cash<span class=\"_ _36a\"> </span>flows when the<span class=\"_ _3\"></span>y are incurred.<span class=\"_ _36a\"> </span>Subsequently<span class=\"_ _4\"></span>, the carrying amount of the LR<span class=\"_ _4\"></span>C is increased by any premiums receiv<span class=\"_ _3\"></span>ed and decreased<span class=\"_ _36a\"> </span>by the amount recognised as insurance re<span class=\"_ _3\"></span>venue f<span class=\"_ _3\"></span>or services provided. On initial recognition <span class=\"_ _4\"></span>of each<span class=\"_ _36a\"> </span>group of contracts, the Group <span class=\"_ _3\"></span>expects that the time betw<span class=\"_ _3\"></span>een providing <span class=\"_ _3\"></span>each part of the services and<span class=\"_ _36a\"> </span>the related premium due date is no more than a <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. Accordingly<span class=\"_ _5\"></span>, the Group has chosen not to<span class=\"_ _36a\"> </span>adjust the LRC to reflect the time v<span class=\"_ _3\"></span>alue of mone<span class=\"_ _3\"></span>y and the eff<span class=\"_ _4\"></span>ect of financial risk.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or contracts measured under the P<span class=\"_ _4\"></span>AA, the LIC is adjusted for the time v<span class=\"_ _3\"></span>alue of mone<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>, as the<span class=\"_ _36a\"> </span>contracts issued and measured under the P<span class=\"_ _4\"></span>AA typically hav<span class=\"_ _3\"></span>e a settlement period of <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>er 1 <span class=\"_ _4\"></span>year<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>A risk adjustment for non-financial risk is also calculated.<span class=\"_ _36a\"> </span>There are no in<span class=\"_ _3\"></span>vestment components within insurance contracts issued and reinsurance contracts<span class=\"_ _36a\"> </span>held that are measured under the P<span class=\"_ _4\"></span>AA.<span class=\"_ _36a\"> </span>(xiv<span class=\"_ _4\"></span>) <span class=\"_ _6\"></span>Non-distinct in<span class=\"_ _3\"></span>vestment components<span class=\"_ _36a\"> </span>Insurance rev<span class=\"_ _3\"></span>enue and insurance service e<span class=\"_ _4\"></span>xpenses exclude an<span class=\"_ _4\"></span>y Non-Distinct Investment Components<span class=\"_ _36a\"> </span>(NDIC). <span class=\"_ _2f\"></span>The Group identifies the inv<span class=\"_ _3\"></span>estment component of a contract b<span class=\"_ _3\"></span>y determining the amount<span class=\"_ _36a\"> </span>that it would be required to repa<span class=\"_ _3\"></span>y to the policyholder in all scenarios with commercial substance.<span class=\"_ _36a\"> </span>These include circumstances in which an insured <span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>ent occurs, or the contract matures <span class=\"_ _3\"></span>or is<span class=\"_ _36a\"> </span>terminated without an insured e<span class=\"_ _3\"></span>vent <span class=\"_ _4\"></span>occurring<span class=\"_ _c\"></span>. Inv<span class=\"_ _3\"></span>estment components are e<span class=\"_ _3\"></span>xcluded from insurance<span class=\"_ _36a\"> </span>rev<span class=\"_ _3\"></span>enue and insurance service e<span class=\"_ _4\"></span>xpenses, being recognised instead d<span class=\"_ _c\"></span>irectly in the <span class=\"_ _3\"></span>Statement of<span class=\"_ _36a\"> </span>Financial P<span class=\"_ _4\"></span>osition.<span class=\"_ _36a\"> </span>The table that f<span class=\"_ _3\"></span>ollows details the source <span class=\"_ _3\"></span>of the NDICs for the broad product categories.<span class=\"_ _36a\"> </span>Prod<span class=\"_ _c\"></span>uc<span class=\"_ _c\"></span>t c<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>gor<span class=\"_ _6\"></span>y <span class=\"_ _1db\"> </span>T<span class=\"_ _3\"></span>yp<span class=\"_ _c\"></span>ica<span class=\"_ _c\"></span>l ND<span class=\"_ _c\"></span>IC<span class=\"_ _36a\"> </span>Immediate annuities <span class=\"_ _1f0\"> </span>None<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm assurance and other non-linked <span class=\"_ _18a\"> </span>Ter<span class=\"_ _3\"></span>m assurance: None <span class=\"_ _118\"> </span> <span class=\"_ _0\"></span>Other non-linked: Lower of de<span class=\"_ _3\"></span>ath, surrender and maturity benefit<span class=\"_ _36a\"> </span>Unit-linked/inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/with-pr<span class=\"_ _3\"></span>ofits \u2013 GMM <span class=\"_ _f9\"> </span>Lo<span class=\"_ _3\"></span>wer of death, surr<span class=\"_ _3\"></span>ender and maturity benefit<span class=\"_ _36a\"> </span>Unit-linked/inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/with-pr<span class=\"_ _3\"></span>ofits \u2013 VF<span class=\"_ _3\"></span>A <span class=\"_ _132\"> </span>Lower of de<span class=\"_ _3\"></span>ath, surrender and maturity benefit<span class=\"_ _36a\"> </span>Short-term prot<span class=\"_ _3\"></span>ection <span class=\"_ _172\"> </span>None <span class=\"_ _7\"> </span>A4 <span class=\"_ _6\"></span>Mater<span class=\"_ _4\"></span>ial accounting policy infor<span class=\"_ _3\"></span>mation (continued)  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts and r<span class=\"_ _4\"></span>einsurance contracts (continued)<span class=\"_ _36a\"> </span>(xv) <span class=\"_ _6\"></span>Pr<span class=\"_ _3\"></span>esentation in the Income Statement and Stat<span class=\"_ _3\"></span>ement of Financial P<span class=\"_ _3\"></span>osition<span class=\"_ _36a\"> </span>Under IFRS 1<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>, for contracts not measured under the P<span class=\"_ _4\"></span>AA, the Group recognises insurance rev<span class=\"_ _3\"></span>enue<span class=\"_ _36a\"> </span>as it satisfies its performance <span class=\"_ _3\"></span>obligations \u2013 i.e. as it provides services under groups <span class=\"_ _3\"></span>of insurance<span class=\"_ _36a\"> </span>contracts. <span class=\"_ _2f\"></span>The insurance rev<span class=\"_ _3\"></span>enue relating to services provided f<span class=\"_ _3\"></span>or each <span class=\"_ _5\"></span>year represents the total of<span class=\"_ _36a\"> </span>the changes in the LRC that relate to services f<span class=\"_ _3\"></span>or which the Group e<span class=\"_ _3\"></span>xpects to receive consideration.<span class=\"_ _36a\"> </span>This mainly comprises the release <span class=\"_ _3\"></span>of e<span class=\"_ _3\"></span>xpected claims, the risk adjustment e<span class=\"_ _4\"></span>xpired and t<span class=\"_ _c\"></span>he CSM<span class=\"_ _36a\"> </span>amortised in the period.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or contracts measured under the P<span class=\"_ _4\"></span>AA, the insurance rev<span class=\"_ _3\"></span>enue for <span class=\"_ _4\"></span>each period equates to the amount<span class=\"_ _36a\"> </span>of e<span class=\"_ _3\"></span>xpected premium receipts for pro<span class=\"_ _4\"></span>vid<span class=\"_ _c\"></span>ing services in the period.<span class=\"_ _36a\"> </span>\u2018Insurance service e<span class=\"_ _4\"></span>xpenses\u2019 in <span class=\"_ _3\"></span>each reporting period represents the cost of pro<span class=\"_ _3\"></span>viding those services,<span class=\"_ _36a\"> </span>broadly comprising incurred claims and benefits and e<span class=\"_ _4\"></span>xpenses that are directly attributable to<span class=\"_ _36a\"> </span>providing the service in the period. Incurred claims and benefits include lapse amounts but <span class=\"_ _4\"></span>exclude<span class=\"_ _36a\"> </span>NDICs per note abov<span class=\"_ _3\"></span>e.<span class=\"_ _36a\"> </span>\u2018Net income/(expenses) from reinsurance contracts<span class=\"_ _3\"></span>\u2019 generally comprises reinsurance e<span class=\"_ _3\"></span>xpenses and<span class=\"_ _36a\"> </span>the recov<span class=\"_ _3\"></span>ery of incur<span class=\"_ _3\"></span>red claims. Reinsurance <span class=\"_ _3\"></span>expenses are recognised similarly to insurance re<span class=\"_ _3\"></span>venue,<span class=\"_ _36a\"> </span>with the amount of reinsurance <span class=\"_ _3\"></span>expenses representing an allocation <span class=\"_ _3\"></span>of the premiums paid to<span class=\"_ _36a\"> </span>reinsurers that depicts the received insurance contract services in the period. Income and <span class=\"_ _3\"></span>expenses<span class=\"_ _36a\"> </span>from reinsurance contracts are presented separately from income and e<span class=\"_ _3\"></span>xpenses from insurance<span class=\"_ _36a\"> </span>contracts issued. Income and e<span class=\"_ _3\"></span>xpenses from reinsurance contracts, other than insurance finance<span class=\"_ _36a\"> </span>income or <span class=\"_ _3\"></span>expenses, are presented <span class=\"_ _4\"></span>on a net basis on the face of the Income <span class=\"_ _4\"></span>Statement as \u2018net<span class=\"_ _36a\"> </span>expenses from reinsurance contracts<span class=\"_ _4\"></span>\u2019 in the insurance service result.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>ogether<span class=\"_ _4\"></span>, the insurance revenue, insurance service e<span class=\"_ _4\"></span>xpenses and net income/(expenses) from<span class=\"_ _36a\"> </span>reinsurance contracts make up the insurance service result, presented <span class=\"_ _3\"></span>on the face <span class=\"_ _3\"></span>of the Income Statement.<span class=\"_ _36a\"> </span>The \u2018in<span class=\"_ _3\"></span>vestment result\u2019 comprises the \u2018net in<span class=\"_ _3\"></span>vestment return<span class=\"_ _5\"></span>\u2019<span class=\"_ _4\"></span>, changes in net investment contract<span class=\"_ _36a\"> </span>liabilities and policyholder funds held by the Group and insurance finance income <span class=\"_ _3\"></span>or e<span class=\"_ _3\"></span>xpenses (IFIE)<span class=\"_ _36a\"> </span>for both insurance and reinsurance contracts. <span class=\"_ _2f\"></span>The IFIE broadly includes the <span class=\"_ _3\"></span>eff<span class=\"_ _3\"></span>ect of changes in the<span class=\"_ _36a\"> </span>time value <span class=\"_ _3\"></span>of money and the <span class=\"_ _3\"></span>eff<span class=\"_ _4\"></span>ect of financial risk and changes in financial risk. <span class=\"_ _5\"></span>The Group includes<span class=\"_ _36a\"> </span>all IFIE in the profit or loss, with no disaggregation into Other Comprehensiv<span class=\"_ _3\"></span>e Income.<span class=\"_ _36a\"> </span>The Group disaggregates changes in the risk adjustment f<span class=\"_ _3\"></span>or non-financial risk between the insurance<span class=\"_ _36a\"> </span>service result and insurance finance income or <span class=\"_ _3\"></span>expenses so that the impact <span class=\"_ _3\"></span>of measuring the risk adjustment for non-financial risk at current discount rates is reported within insurance finance<span class=\"_ _36a\"> </span>income or expense.<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ortfolios of insurance contracts that are assets and those that are liabilities, and portf<span class=\"_ _3\"></span>olios of<span class=\"_ _36a\"> </span>reinsurance contracts that are assets and those that are liabilities, are presented separately in the<span class=\"_ _36a\"> </span>Statement of Financial P<span class=\"_ _4\"></span>osition. An<span class=\"_ _4\"></span>y assets or liabilities recognised for cash flows arising bef<span class=\"_ _4\"></span>ore<span class=\"_ _36a\"> </span>the recognition of the related group <span class=\"_ _3\"></span>of contracts (including any assets f<span class=\"_ _3\"></span>or insurance acquisition cash<span class=\"_ _36a\"> </span>flows) are included in the carrying amount <span class=\"_ _4\"></span>of the related portfolios of contracts.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-427": {
   "value": " (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts and r<span class=\"_ _4\"></span>einsurance contracts<span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Scope and classification<span class=\"_ _36a\"> </span>Contracts under which the Group accepts significant insurance risk are classified as insurance<span class=\"_ _36a\"> </span>contracts. Contracts held by the Group under which it transf<span class=\"_ _4\"></span>ers significant insurance risk related to<span class=\"_ _36a\"> </span>underlying insurance contracts are classified as reinsurance contracts. Insurance and reinsurance<span class=\"_ _36a\"> </span>contracts also e<span class=\"_ _3\"></span>xpose the Group to financial risk.<span class=\"_ _36a\"> </span>Insurance contracts may be issued, and reinsurance contracts ma<span class=\"_ _3\"></span>y be initiated by the Group, <span class=\"_ _3\"></span>or they<span class=\"_ _36a\"> </span>may be acquired in a business combination <span class=\"_ _3\"></span>or in a transf<span class=\"_ _3\"></span>er of contracts that does f<span class=\"_ _4\"></span>orm a business.<span class=\"_ _36a\"> </span>All ref<span class=\"_ _3\"></span>erences in these accounting policies to \u2018insurance contracts<span class=\"_ _3\"></span>\u2019 and \u2018reinsurance contracts<span class=\"_ _3\"></span>\u2019 include<span class=\"_ _36a\"> </span>contracts issued, reinsurance contracts initiated or insurance <span class=\"_ _3\"></span>or reinsurance contracts acquired by the Group, unless <span class=\"_ _3\"></span>otherwise stated.<span class=\"_ _36a\"> </span>Some contracts entered into b<span class=\"_ _3\"></span>y the Group hav<span class=\"_ _3\"></span>e the legal form <span class=\"_ _4\"></span>of insurance contracts but do not<span class=\"_ _36a\"> </span>transf<span class=\"_ _3\"></span>er significant insurance risk. <span class=\"_ _2f\"></span>These contracts are classified as financial liabilities and are ref<span class=\"_ _3\"></span>erre<span class=\"_ _36a\"> </span>d<span class=\"_ _36a\"> </span>to as \u2018inv<span class=\"_ _3\"></span>estment contracts<span class=\"_ _4\"></span>\u2019 (see Note A4(b)). <span class=\"_ _3\"></span>Similarly financial reinsurance contracts do not transf<span class=\"_ _3\"></span>er<span class=\"_ _36a\"> </span>significant insurance risk and are accounted for under IFR<span class=\"_ _3\"></span>S 9. Mass lapse reinsurance contracts also<span class=\"_ _36a\"> </span>contain no insurance risk and are accounted for under IA<span class=\"_ _4\"></span>S 37<span class=\"_ _8\"></span>.<span class=\"_ _36a\"> </span>Insurance contracts are classified as direct participating contracts or contracts without direct<span class=\"_ _36a\"> </span>participating f<span class=\"_ _3\"></span>eatures. Direct participating contracts are contracts for which, at inception:<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the contractual terms specify that the policyholder participates in a share of a clearly identified poo<span class=\"_ _36a\"> </span>l<span class=\"_ _36a\"> </span>of underlying items;<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the Group expects to pa<span class=\"_ _4\"></span>y to the policyholder an amount equal to a substantial share of the fair<span class=\"_ _36a\"> </span>valu<span class=\"_ _3\"></span>e returns on the underlying items; and<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the Group e<span class=\"_ _3\"></span>xpects a substantial proportion of an<span class=\"_ _3\"></span>y change in the amounts to be paid to the<span class=\"_ _36a\"> </span>policyholder to vary with the change in f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>of the underlying items.<span class=\"_ _36a\"> </span>All other insurance contracts and all reinsurance contracts are classified as contracts without direc<span class=\"_ _36a\"> </span>t<span class=\"_ _36a\"> </span>participating f<span class=\"_ _3\"></span>eatures. <span class=\"_ _4\"></span>Some of these contracts are measured under the P<span class=\"_ _4\"></span>AA.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table pro<span class=\"_ _3\"></span>vides a summary of the broad product categories and the measurement mode<span class=\"_ _36a\"> </span>l<span class=\"_ _36a\"> </span>approach applied.<span class=\"_ _36a\"> </span>Classification <span class=\"_ _148\"> </span>Product category<span class=\"_ _36a\"> </span>Long-term contr<span class=\"_ _3\"></span>acts without direct  <span class=\"_ _10d\"> </span>Immediate annuities<span class=\"_ _36a\"> </span>GMM<span class=\"_ _31b\"></span>)participating features <span class=\"_ _31a\"></span>( <span class=\"_ _78\"> </span>T<span class=\"_ _3\"></span>erm assurance and other non-linked <span class=\"_ _118\"> </span>Unit-link<span class=\"_ _3\"></span>ed/index-link<span class=\"_ _4\"></span>ed/with-profits \u2013 GMM<span class=\"_ _36a\"> </span>Long-term contr<span class=\"_ _3\"></span>acts with direct <span class=\"_ _a8\"> </span>Unit<span class=\"_ _3\"></span>-linked/index<span class=\"_ _4\"></span>-linked/with-profits \u2013 V<span class=\"_ _3\"></span>F<span class=\"_ _3\"></span>A<span class=\"_ _36a\"> </span>VFAparticipating features <span class=\"_ _31a\"></span>(<span class=\"_ _36a\"> </span>)<span class=\"_ _36a\"> </span>Short-term contracts <span class=\"_ _31c\"></span>(PA<span class=\"_ _c\"></span>A<span class=\"_ _36a\"> </span>) <span class=\"_ _72\"> </span>Short-term protection<span class=\"_ _36a\"> </span>When the contract is recognised, it is added to an e<span class=\"_ _3\"></span>xisting group of contracts <span class=\"_ _3\"></span>or<span class=\"_ _4\"></span>, if the contract does<span class=\"_ _36a\"> </span>not qualify for inclusion in an <span class=\"_ _3\"></span>existing group, it f<span class=\"_ _3\"></span>orms a new group to which future contracts are<span class=\"_ _36a\"> </span>added. Groups of contracts are <span class=\"_ _3\"></span>established on initial recognition and their composition is not re<span class=\"_ _3\"></span>vised<span class=\"_ _36a\"> </span>once all contracts hav<span class=\"_ _3\"></span>e been added to the group.<span class=\"_ _36a\"> </span>Non-proportionate reinsurance contracts are recognised at the earlier <span class=\"_ _3\"></span>of:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>the beginning of the cov<span class=\"_ _3\"></span>erage period of the group <span class=\"_ _3\"></span>of reinsurance contracts; or<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span> <span class=\"_ _12\"></span>the date the entity recognises an onerous group of underlying insurance contracts if the <span class=\"_ _4\"></span>entity<span class=\"_ _36a\"> </span>entered into the related reinsurance contract held at or bef<span class=\"_ _3\"></span>ore that date.<span class=\"_ _36a\"> </span>The recognition <span class=\"_ _3\"></span>of proportionate reinsurance contracts is delay<span class=\"_ _3\"></span>ed until the date that any underlying<span class=\"_ _36a\"> </span>insurance contract is initially recognised, if that date is later than the beginning of the co<span class=\"_ _3\"></span>verage<span class=\"_ _36a\"> </span>period of the group <span class=\"_ _3\"></span>of reinsurance contracts held.<span class=\"_ _36a\"> </span>Reinsurance contracts acquired as recognised at the date <span class=\"_ _3\"></span>of acquisition.<span class=\"_ _36a\"> </span>The Group derecognises a contract when it is <span class=\"_ _3\"></span>extinguished \u2013 i.e. when the specified <span class=\"_ _3\"></span>obligations in the contract e<span class=\"_ _3\"></span>xpire or are discharged <span class=\"_ _3\"></span>or cancelled. <span class=\"_ _2f\"></span>The Group also derecognises a contract if its<span class=\"_ _36a\"> </span>terms are modified in a wa<span class=\"_ _3\"></span>y that would ha<span class=\"_ _3\"></span>ve changed the accounting f<span class=\"_ _3\"></span>or the contract significantly<span class=\"_ _36a\"> </span>had the new terms alw<span class=\"_ _3\"></span>ay<span class=\"_ _3\"></span>s e<span class=\"_ _4\"></span>xisted, in which case a new contract based on the modified terms is<span class=\"_ _36a\"> </span>recognised. If a contract modification does not result in derecognition, then the Group treats the<span class=\"_ _36a\"> </span>changes in cash flows caused b<span class=\"_ _3\"></span>y the modification as changes in estimates <span class=\"_ _3\"></span>of fulfilment cash flows.<span class=\"_ _36a\"> </span>  (v) <span class=\"_ _6\"></span>F<span class=\"_ _3\"></span>ulfilment cash flows<span class=\"_ _36a\"> </span>The fulfilment cash flo<span class=\"_ _3\"></span>ws (FCF) are the current estimates <span class=\"_ _4\"></span>of the future cash flows within the contract<span class=\"_ _36a\"> </span>boundary of a group <span class=\"_ _3\"></span>of contracts and:<span class=\"_ _36a\"> </span> <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>are unbiased estimates <span class=\"_ _3\"></span>of the future cash flows;<span class=\"_ _36a\"> </span> <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>are determined from the perspective <span class=\"_ _3\"></span>of the Group, provided that the <span class=\"_ _3\"></span>estimates are consistent with<span class=\"_ _36a\"> </span>observable mark<span class=\"_ _3\"></span>et practises and variables; and<span class=\"_ _36a\"> </span> <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>reflect conditions e<span class=\"_ _3\"></span>xisting at the period-end date.<span class=\"_ _36a\"> </span>An e<span class=\"_ _3\"></span>xplicit risk adjustment for non-financial risk is <span class=\"_ _3\"></span>estimated separately from the other <span class=\"_ _3\"></span>estimates<span class=\"_ _36a\"> </span>and reflects the compensation that the Group requires for bearing the uncertainty about the amount<span class=\"_ _36a\"> </span>and timing of the cash flo<span class=\"_ _3\"></span>ws from non-financial risk as the Group fulfils insurance contracts. F<span class=\"_ _3\"></span>or<span class=\"_ _36a\"> </span>reinsurance contracts held, the risk adjustment for non-financial risk represents the amount <span class=\"_ _3\"></span>of risk<span class=\"_ _36a\"> </span>being transf<span class=\"_ _3\"></span>erred b<span class=\"_ _3\"></span>y the Group to the reinsurer<span class=\"_ _4\"></span>. Methods and assumptions used to determine the<span class=\"_ _36a\"> </span>risk adjustment for non-financial risk are discussed in Note <span class=\"_ _4\"></span>A5(e).<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>estimates of the future cash flo<span class=\"_ _4\"></span>ws are adjusted using current discount rates to reflect the time<span class=\"_ _36a\"> </span>value <span class=\"_ _3\"></span>of money and the financial risks related to those cash flo<span class=\"_ _3\"></span>ws. <span class=\"_ _2f\"></span>The discount rates reflect the<span class=\"_ _36a\"> </span>characteristics of the cash flo<span class=\"_ _3\"></span>ws arising from the groups of insurance contracts, including timing,<span class=\"_ _36a\"> </span>currency and liquidity of cash flo<span class=\"_ _4\"></span>ws. <span class=\"_ _5\"></span>The determination of the discount rate that reflects the<span class=\"_ _36a\"> </span>characteristics of the cash flo<span class=\"_ _3\"></span>ws and liquidity characteristics of the insurance contracts requires<span class=\"_ _36a\"> </span>significant judgement and estimation (See Note <span class=\"_ _4\"></span>A5(d)).<span class=\"_ _36a\"> </span>The Group <span class=\"_ _3\"></span>estimates certain FCF at the portfolio le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>or higher and then allocates such estimates<span class=\"_ _36a\"> </span>to groups of contracts. <span class=\"_ _2f\"></span>The Group uses consistent assumptions to measure the <span class=\"_ _3\"></span>estimates of the<span class=\"_ _36a\"> </span>present value <span class=\"_ _3\"></span>of future cash flows f<span class=\"_ _4\"></span>or the group of reinsurance contracts held and such estimates<span class=\"_ _36a\"> </span>for the groups <span class=\"_ _3\"></span>of underlying insurance contracts.<span class=\"_ _36a\"> </span> (vi) <span class=\"_ _6\"></span>Contract boundar<span class=\"_ _4\"></span>ies<span class=\"_ _36a\"> </span>The measurement <span class=\"_ _3\"></span>of a group of contracts includes all <span class=\"_ _3\"></span>of the future cash flows within the boundary of each contract in the Group. F<span class=\"_ _4\"></span>or insurance contracts, cash flows are within the contract boundary<span class=\"_ _36a\"> </span>if they arise from substantiv<span class=\"_ _3\"></span>e rights and obligations that <span class=\"_ _3\"></span>exist during the reporting period in which<span class=\"_ _36a\"> </span>the Group can compel the policyholder to pay premiums <span class=\"_ _3\"></span>or has a substantive <span class=\"_ _3\"></span>obligation to provide<span class=\"_ _36a\"> </span>services (including insurance cov<span class=\"_ _3\"></span>erage and any in<span class=\"_ _3\"></span>vestment related services).<span class=\"_ _36a\"> </span>  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts and r<span class=\"_ _4\"></span>einsurance contracts (continued)  (ii) <span class=\"_ _6\"></span>Separ<span class=\"_ _3\"></span>ating components from insur<span class=\"_ _4\"></span>ance and reinsurance contr<span class=\"_ _3\"></span>acts<span class=\"_ _36a\"> </span>The Group does not ha<span class=\"_ _3\"></span>ve an<span class=\"_ _4\"></span>y d<span class=\"_ _c\"></span>istinct inv<span class=\"_ _3\"></span>estment components which require separation from the insurance or reinsurance contract. Distinct in<span class=\"_ _3\"></span>vestment components are in<span class=\"_ _3\"></span>vestment components<span class=\"_ _36a\"> </span>that are not highly inter<span class=\"_ _5\"></span>-related with the insurance components and for which contracts with<span class=\"_ _36a\"> </span>equivalent terms are sold, <span class=\"_ _3\"></span>or could be sold, separately in the same market <span class=\"_ _3\"></span>or the same jurisdiction.<span class=\"_ _36a\"> </span>The Group does not ha<span class=\"_ _3\"></span>ve an<span class=\"_ _4\"></span>y insurance contracts containing embedded derivatives <span class=\"_ _4\"></span>or have an<span class=\"_ _3\"></span>y<span class=\"_ _36a\"> </span>insurance contracts which transf<span class=\"_ _3\"></span>er distinct goods and services other than insurance contract services<span class=\"_ _36a\"> </span>which require separation from the host contract. (iii) <span class=\"_ _6\"></span>A<span class=\"_ _3\"></span>ggreg<span class=\"_ _4\"></span>ation of insurance and reinsur<span class=\"_ _4\"></span>ance contracts<span class=\"_ _36a\"> </span>Insurance contracts are aggregated into groups for measurement purposes. Groups <span class=\"_ _3\"></span>of insurance<span class=\"_ _36a\"> </span>contracts are determined by identifying portf<span class=\"_ _3\"></span>olios of insurance contracts, <span class=\"_ _3\"></span>each comprising contracts<span class=\"_ _36a\"> </span>that are subject to similar risks and are managed together<span class=\"_ _4\"></span>. Each portfolio <span class=\"_ _3\"></span>of new business is<span class=\"_ _36a\"> </span>divided into annual cohorts (i.e. by <span class=\"_ _5\"></span>year of issue) and <span class=\"_ _4\"></span>each annual cohort into a maximum of three<span class=\"_ _36a\"> </span>groups based on the profitability <span class=\"_ _3\"></span>of contracts: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any contracts that are <span class=\"_ _3\"></span>onerous on initial recognition; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any contracts that, <span class=\"_ _3\"></span>on initial recognition, hav<span class=\"_ _3\"></span>e no significant possibility of becoming <span class=\"_ _3\"></span>onerous<span class=\"_ _36a\"> </span>subsequently; and <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any remaining contracts in the annual cohort.<span class=\"_ _36a\"> </span>F<span class=\"_ _4\"></span>urther detail regarding the judgements involv<span class=\"_ _3\"></span>ed in the defining portfolios and profitability groups can<span class=\"_ _36a\"> </span>be found in Note <span class=\"_ _4\"></span>A5(c).<span class=\"_ _36a\"> </span>Contracts within a portfolio that w<span class=\"_ _3\"></span>ould fall into diff<span class=\"_ _4\"></span>erent groups only because law <span class=\"_ _4\"></span>or regulat<span class=\"_ _c\"></span>ion<span class=\"_ _36a\"> </span>specifically constrains the Group\u2019<span class=\"_ _5\"></span>s practical ability to set a different price <span class=\"_ _3\"></span>or lev<span class=\"_ _4\"></span>el of benefits for<span class=\"_ _36a\"> </span>policyholders with diff<span class=\"_ _3\"></span>erent characteristics can be included in the same group, how<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>er the Group<span class=\"_ _36a\"> </span>has not taken adv<span class=\"_ _3\"></span>antage of this.<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ortfolios of reinsurance contracts held are assessed separately from insurance contracts issued<span class=\"_ _36a\"> </span>and are assessed for aggregation <span class=\"_ _3\"></span>on an individual contract basis. <span class=\"_ _3\"></span>Some reinsurance contracts provide<span class=\"_ _36a\"> </span>cov<span class=\"_ _3\"></span>er for underlying contracts that are included in diff<span class=\"_ _4\"></span>erent groups.<span class=\"_ _36a\"> </span>As per the gross insurance contracts the reinsurance contracts are divided into profitability groupings<span class=\"_ _36a\"> </span>as follo<span class=\"_ _3\"></span>ws: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any contracts <span class=\"_ _3\"></span>on which there is a net gain on initial recognition; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any contracts that, <span class=\"_ _3\"></span>on initial recognition, hav<span class=\"_ _3\"></span>e no significant possibility of sho<span class=\"_ _3\"></span>wing a net gain<span class=\"_ _36a\"> </span>subsequently; and <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>any remaining contracts in the annual cohort.<span class=\"_ _36a\"> </span>All reinsurance contracts within the Group fall into the third profitability category abo<span class=\"_ _3\"></span>ve. (iv) <span class=\"_ _6\"></span>Recognition and der<span class=\"_ _4\"></span>ecognition of insurance and reinsur<span class=\"_ _4\"></span>ance contracts<span class=\"_ _36a\"> </span>An insurance contract issued by the Group is recognised from the <span class=\"_ _3\"></span>earliest of: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _c\"></span>the beginning of its coverage period (i.e. the period during which the Group pro<span class=\"_ _4\"></span>vides services in<span class=\"_ _36a\"> </span>respect of an<span class=\"_ _3\"></span>y premiums within the boundary of the contract); <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>when the first payment from the policyholder becomes due <span class=\"_ _4\"></span>or<span class=\"_ _4\"></span>, if there is no contractual due date,<span class=\"_ _36a\"> </span>when it is received from the policyholder; and <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>when a group of contracts becomes onerous <span class=\"_ _4\"></span>or if the facts and circumstances indicate that a group<span class=\"_ _36a\"> </span>of contracts is onerous f<span class=\"_ _3\"></span>or those contracts measured using the P<span class=\"_ _4\"></span>AA.<span class=\"_ _36a\"> </span>An insurance contract acquired in a transf<span class=\"_ _3\"></span>er of contracts, <span class=\"_ _4\"></span>or a business combinat<span class=\"_ _c\"></span>ion is recognised on<span class=\"_ _36a\"> </span>the date of acquisition.<span class=\"_ _36a\"> </span>A substantive <span class=\"_ _3\"></span>obligation to provide insurance contract services <span class=\"_ _3\"></span>ends when either:<span class=\"_ _36a\"> </span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the Group has the practical ability to reassess the risks of the particular policyholder and as a result<span class=\"_ _36a\"> </span>can set a price or le<span class=\"_ _3\"></span>vel <span class=\"_ _4\"></span>of benefits t<span class=\"_ _c\"></span>hat fully reflects those risks, or<span class=\"_ _36a\"> </span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the Group has the practical ability to reassess the risks of the portf<span class=\"_ _4\"></span>ol<span class=\"_ _c\"></span>io of insurance contracts that<span class=\"_ _36a\"> </span>contain the contract and as a result can set a price or le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>of benefits that fully reflects the risk of<span class=\"_ _36a\"> </span>that portfolio unless the pricing <span class=\"_ _3\"></span>of the premiums up to the date when the risks are reassessed takes<span class=\"_ _36a\"> </span>into account the risks that relate to periods after the assessment.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or reinsurance contracts cash flows are within the contract boundary if the<span class=\"_ _3\"></span>y arise from substantive<span class=\"_ _36a\"> </span>rights and obligations that <span class=\"_ _3\"></span>exist during the reporting period in which the Group is compelled to pay amounts to the reinsurer <span class=\"_ _3\"></span>or has a substantive right to receiv<span class=\"_ _3\"></span>e services from the reinsurer<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>vii) <span class=\"_ _6\"></span>Insurance acquisition cash flo<span class=\"_ _4\"></span>ws<span class=\"_ _36a\"> </span>Insurance acquisition cash flows are cash flo<span class=\"_ _3\"></span>ws arising from the costs of selling, underwriting and<span class=\"_ _36a\"> </span>starting a group of insurance contracts (issued <span class=\"_ _3\"></span>or e<span class=\"_ _3\"></span>xpected to be issued) that are directly attributable<span class=\"_ _36a\"> </span>to the portfolio <span class=\"_ _3\"></span>of insurance contracts to which the group belongs. <span class=\"_ _3\"></span>Such cash flows are allocated to<span class=\"_ _36a\"> </span>groups of insurance contracts using a sy<span class=\"_ _3\"></span>stematic and rational method and considering, in an unbiased<span class=\"_ _36a\"> </span>wa<span class=\"_ _3\"></span>y<span class=\"_ _4\"></span>, all reasonable and supportable information that is a<span class=\"_ _3\"></span>vailable without undue cost <span class=\"_ _4\"></span>or effort.<span class=\"_ _36a\"> </span>Insurance acquisition cash flows arising bef<span class=\"_ _3\"></span>ore the recognition of the related group <span class=\"_ _3\"></span>of contracts are<span class=\"_ _36a\"> </span>recognised as an asset and the asset is derecognised, when the insurance acquisition cash flows<span class=\"_ _36a\"> </span>are included in the measurement of the group <span class=\"_ _3\"></span>of contracts. <span class=\"_ _2f\"></span>The Group derecognises the assets for<span class=\"_ _36a\"> </span>insurance acquisition cash flows in the <span class=\"_ _5\"></span>year within the reporting period in which the e<span class=\"_ _3\"></span>xpenses are<span class=\"_ _36a\"> </span>incurred and therefore does not ha<span class=\"_ _4\"></span>ve any assets f<span class=\"_ _3\"></span>or insurance acquisition cash flows in the <span class=\"_ _4\"></span>Statement<span class=\"_ _36a\"> </span>of Financial P<span class=\"_ _4\"></span>osition at the reporting date<span class=\"_ _36a\"> </span>viii) <span class=\"_ _6\"></span>Initial measur<span class=\"_ _4\"></span>ement \u2013 insurance contracts not measur<span class=\"_ _3\"></span>ed under the P<span class=\"_ _5\"></span>AA<span class=\"_ _36a\"> </span>The CSM is a component <span class=\"_ _3\"></span>of the carrying amount <span class=\"_ _3\"></span>of the asset or liability f<span class=\"_ _3\"></span>or a group of insurance<span class=\"_ _36a\"> </span>contracts issued representing the unearned profit that the Group will recognise as it provides<span class=\"_ _36a\"> </span>insurance contract services in the future. At initial recognition, the CSM is an amount that results<span class=\"_ _36a\"> </span>in no income or <span class=\"_ _3\"></span>expenses (unless a group <span class=\"_ _4\"></span>of contracts is onerous) arising from:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>the initial recognition of the FCF; and<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>cash flows arising from the contracts in the group at that date.<span class=\"_ _36a\"> </span>When the abov<span class=\"_ _3\"></span>e calculation results in a net outflo<span class=\"_ _3\"></span>w<span class=\"_ _4\"></span>, the group of insurance contracts issued is<span class=\"_ _36a\"> </span>onerous. A loss from <span class=\"_ _4\"></span>onerous insurance contracts is recognised in profit or loss immediately<span class=\"_ _4\"></span>, with no CSM recognised on the <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition on initial recognition, and a loss component<span class=\"_ _36a\"> </span>is established in the amount <span class=\"_ _3\"></span>of loss recognised (see Note A4(a)(xi)).<span class=\"_ _36a\"> </span>(ix) <span class=\"_ _6\"></span>Initial measur<span class=\"_ _4\"></span>ement \u2013 reinsurance contr<span class=\"_ _4\"></span>acts not measured under the P<span class=\"_ _5\"></span>AA<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or groups of reinsurance contracts held, an<span class=\"_ _4\"></span>y net gain or loss at initial recognition is recognised as<span class=\"_ _36a\"> </span>the CSM unless the net cost of purchasing reinsurance relates to past <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>ents, in which case the<span class=\"_ _36a\"> </span>Group recognises the net cost immediately in profit or loss. F<span class=\"_ _4\"></span>or reinsurance contracts held, the CSM<span class=\"_ _36a\"> </span>represents a def<span class=\"_ _3\"></span>erred gain <span class=\"_ _3\"></span>or loss that the Group will recognise as a reinsurance e<span class=\"_ _3\"></span>xpense as it<span class=\"_ _36a\"> </span>receives insurance contract services from the reinsurer in the future and is calculated as the sum <span class=\"_ _4\"></span>of:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>the initial recognition of the FCF;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>cash flows arising from the contracts in the group at that date; and<span class=\"_ _36a\"> </span>(c) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>any income recognised in profit <span class=\"_ _3\"></span>or loss when the entity recognises a loss <span class=\"_ _3\"></span>on initial recognition<span class=\"_ _36a\"> </span>of an onerous group <span class=\"_ _3\"></span>of underlying insurance contracts or <span class=\"_ _4\"></span>on add<span class=\"_ _c\"></span>ition of <span class=\"_ _3\"></span>onerous underlying<span class=\"_ _36a\"> </span>insurance contracts to that group.<span class=\"_ _36a\"> </span>A loss-recov<span class=\"_ _3\"></span>ery component is established <span class=\"_ _3\"></span>or adjusted within the remaining cov<span class=\"_ _3\"></span>erage for reinsurance<span class=\"_ _36a\"> </span>contracts held for the amount <span class=\"_ _3\"></span>of income recognised in (c) abov<span class=\"_ _3\"></span>e. <span class=\"_ _2f\"></span>This amount is calculated by<span class=\"_ _36a\"> </span>multiplying the loss recognised on underlying insurance contracts b<span class=\"_ _3\"></span>y the percentage of claims <span class=\"_ _3\"></span>on<span class=\"_ _36a\"> </span>underlying insurance contracts that the Group e<span class=\"_ _3\"></span>xpects to recov<span class=\"_ _3\"></span>er from the reinsurance contracts<span class=\"_ _36a\"> </span>held that are entered into bef<span class=\"_ _3\"></span>ore or at the same time as the loss is recognised <span class=\"_ _3\"></span>on the underlying<span class=\"_ _36a\"> </span>insurance contracts. <span class=\"_ _2f\"></span>When underlying insurance contracts are included in the same group with<span class=\"_ _36a\"> </span>insurance contracts issued that are not reinsured, the Group applies a systematic and rational method<span class=\"_ _36a\"> </span>of allocation to determine the portion of losses that relates to underlying insurance contracts.<span class=\"_ _36a\"> </span>x) <span class=\"_ _6\"></span>Contr<span class=\"_ _3\"></span>acts acquired in a business combination or por<span class=\"_ _4\"></span>tfolio transf<span class=\"_ _4\"></span>er<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or groups of contracts acquired in a transf<span class=\"_ _4\"></span>er of contracts or a business combination, the consideration<span class=\"_ _36a\"> </span>received f<span class=\"_ _3\"></span>or the contracts is included in the fulfilment cash flows as a pro<span class=\"_ _3\"></span>xy for the premiums<span class=\"_ _36a\"> </span>received at the date <span class=\"_ _3\"></span>of acquisition. In a business combination, the consideration received is the f<span class=\"_ _3\"></span>air<span class=\"_ _36a\"> </span>value <span class=\"_ _3\"></span>of the contracts at that date. If the total is a net outflo<span class=\"_ _3\"></span>w<span class=\"_ _4\"></span>, then the group is onerous. In this<span class=\"_ _36a\"> </span>case, the net outflo<span class=\"_ _3\"></span>w is recognised as a loss in profit or loss, <span class=\"_ _3\"></span>or as an adjustment to goodwill or the<span class=\"_ _36a\"> </span>gain on a bargain purchase if the contracts are acquired in a business combination. <span class=\"_ _4\"></span>A loss component<span class=\"_ _36a\"> </span>is created to depict the amount of the net cash <span class=\"_ _3\"></span>outflow<span class=\"_ _5\"></span>, which determines the amounts that are<span class=\"_ _36a\"> </span>subsequently presented in profit or loss as re<span class=\"_ _3\"></span>versals <span class=\"_ _4\"></span>of losses on onerous contracts and are <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>cluded<span class=\"_ _36a\"> </span>from insurance rev<span class=\"_ _3\"></span>enue and instead reported within \u2018insurance service e<span class=\"_ _3\"></span>xpense\u2019<span class=\"_ _9\"></span>.<span class=\"_ _36a\"> </span>xi) <span class=\"_ _6\"></span>Subsequent measur<span class=\"_ _4\"></span>ement \u2013 insurance contracts not measur<span class=\"_ _4\"></span>ed under the P<span class=\"_ _4\"></span>AA<span class=\"_ _36a\"> </span>The carrying amount <span class=\"_ _4\"></span>of a group of insurance contracts at each reporting date is the sum <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>Liability for R<span class=\"_ _3\"></span>emaining Cov<span class=\"_ _3\"></span>erage (LRC) and the Liability f<span class=\"_ _4\"></span>or Incurred Claims (LIC). <span class=\"_ _5\"></span>The LRC comprises<span class=\"_ _36a\"> </span>the FCF that relate to services that will be provided under the contracts in future periods and an<span class=\"_ _3\"></span>y<span class=\"_ _36a\"> </span>remaining CSM at that date. <span class=\"_ _2f\"></span>The LIC includes the FCF for incurred claims and <span class=\"_ _4\"></span>expenses that have<span class=\"_ _36a\"> </span>not <span class=\"_ _4\"></span>yet been paid, including claims that ha<span class=\"_ _3\"></span>ve been incur<span class=\"_ _3\"></span>red but not <span class=\"_ _4\"></span>yet reported.<span class=\"_ _36a\"> </span>The FCF <span class=\"_ _3\"></span>of groups of insurance contracts are updated b<span class=\"_ _4\"></span>y t<span class=\"_ _c\"></span>he Group for cur<span class=\"_ _3\"></span>rent assumptions at the<span class=\"_ _36a\"> </span>end of <span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>ery report<span class=\"_ _c\"></span>ing period, using the current <span class=\"_ _3\"></span>estimates of the amount, timing and uncertainty of future cash flows and <span class=\"_ _4\"></span>of discount rates. <span class=\"_ _5\"></span>The wa<span class=\"_ _3\"></span>y in which the changes in estimates <span class=\"_ _3\"></span>of the FCF<span class=\"_ _36a\"> </span>are treated follo<span class=\"_ _3\"></span>w the general principle below:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>changes that relate to current or past service are recognised in profit or loss; and<span class=\"_ _36a\"> </span>(b) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>changes t<span class=\"_ _c\"></span>hat relate to future service are recognised by adjusting the CSM <span class=\"_ _4\"></span>or the loss component<span class=\"_ _36a\"> </span>within the LRC as per the policy belo<span class=\"_ _3\"></span>w<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>For insur<span class=\"_ _3\"></span>ance contracts under the GMM:<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing adjustments relate to future service and thus adjust the CSM:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _11\"> </span> <span class=\"_ _12\"></span>experience adjustments \u2013 arising from premiums received in the period that relate to future service and related cash flows such as insurance acquisition cash flo<span class=\"_ _4\"></span>ws and premium-<span class=\"_ _36a\"> </span>based taxes;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span> <span class=\"_ _12\"></span>changes in estimates <span class=\"_ _4\"></span>of the present value of future cash flo<span class=\"_ _3\"></span>ws in the LRC, <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>cept t<span class=\"_ _c\"></span>hose<span class=\"_ _36a\"> </span>described in the follo<span class=\"_ _3\"></span>wing paragraph;<span class=\"_ _36a\"> </span>(c) <span class=\"_ _11\"> </span> <span class=\"_ _12\"></span>differences betw<span class=\"_ _3\"></span>een any in<span class=\"_ _4\"></span>vestment component e<span class=\"_ _3\"></span>xpected to become pay<span class=\"_ _3\"></span>able in the period<span class=\"_ _36a\"> </span>and the actual inv<span class=\"_ _4\"></span>estment component that becomes payable in the period, determined by<span class=\"_ _36a\"> </span>comparing (i) the actual inv<span class=\"_ _4\"></span>estment component that becomes payable in a period with (ii) the<span class=\"_ _36a\"> </span>payment in the period that w<span class=\"_ _3\"></span>as e<span class=\"_ _3\"></span>xpected at the start of the period plus an<span class=\"_ _3\"></span>y insurance finance<span class=\"_ _36a\"> </span>income or <span class=\"_ _3\"></span>expenses related to that <span class=\"_ _3\"></span>expected pa<span class=\"_ _4\"></span>yment before it becomes pay<span class=\"_ _3\"></span>able; and<span class=\"_ _36a\"> </span>(d) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he risk adjustment for non-financial risk that relate to future service.<span class=\"_ _36a\"> </span>Adjustments (a), (b) and (d) abo<span class=\"_ _3\"></span>ve are measured using discount rates determined <span class=\"_ _3\"></span>on initial recognition<span class=\"_ _36a\"> </span>(the locked-in discount rates).<span class=\"_ _36a\"> </span>Changes t<span class=\"_ _3\"></span>o the CSM for insur<span class=\"_ _4\"></span>ance contracts:<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or insurance contracts, the carrying amount <span class=\"_ _3\"></span>of the CSM at each reporting date is the carrying amount<span class=\"_ _36a\"> </span>at the start of the <span class=\"_ _5\"></span>year<span class=\"_ _4\"></span>, adjusted for:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>the CSM of an<span class=\"_ _4\"></span>y new contracts that are added to the Group in the <span class=\"_ _4\"></span>year;<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>interest accreted on the carrying amount of the CSM during the <span class=\"_ _5\"></span>year (for contracts under the<span class=\"_ _36a\"> </span>GMM, using discount rates determined at initial recognition that are applied to nominal cash<span class=\"_ _36a\"> </span>flows that do not v<span class=\"_ _3\"></span>ary based on the returns <span class=\"_ _4\"></span>of underlying items);<span class=\"_ _36a\"> </span>(iii)   <span class=\"_ _1\"></span>as detailed above, changes in fulfilment cash flo<span class=\"_ _3\"></span>ws that relate to future services, to the e<span class=\"_ _3\"></span>xtent<span class=\"_ _36a\"> </span>that there is a CSM av<span class=\"_ _3\"></span>ailable. <span class=\"_ _2f\"></span>When an increase in the FCF exceeds the car<span class=\"_ _3\"></span>rying amount of the<span class=\"_ _36a\"> </span>CSM, the CSM is reduced to zero, the <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>cess is recognised in insurance service e<span class=\"_ _4\"></span>xpenses and<span class=\"_ _36a\"> </span>a loss component is recognised within the LRC. <span class=\"_ _2f\"></span>When the CSM is zero, changes in the FCF<span class=\"_ _36a\"> </span>adjust the loss component within the LRC with the impact going to insurance service <span class=\"_ _3\"></span>expenses.<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>cess of any decrease in the FCF o<span class=\"_ _4\"></span>ver the loss component reduces the loss component<span class=\"_ _36a\"> </span>to zero and reinstates the CSM;<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _7\"> </span>the eff<span class=\"_ _3\"></span>ect of an<span class=\"_ _3\"></span>y currency <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>change diff<span class=\"_ _3\"></span>erences on the CSM; and<span class=\"_ _36a\"> </span>(v) <span class=\"_ _11\"> </span> <span class=\"_ _12\"></span>the amount recognised as insurance revenue f<span class=\"_ _3\"></span>or insurance services provided in the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>,<span class=\"_ _36a\"> </span>determined after all other adjustments abo<span class=\"_ _3\"></span>ve.<span class=\"_ _36a\"> </span>The CSMs f<span class=\"_ _3\"></span>or Mov<span class=\"_ _4\"></span>est<span class=\"_ _c\"></span>ic and <span class=\"_ _4\"></span>Scildon are calculated in t<span class=\"_ _c\"></span>he <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>edish krona and euro respectively and<span class=\"_ _36a\"> </span>translated into sterling on consolidation into the Group financial statements.<span class=\"_ _36a\"> </span>Release of the CSM to pr<span class=\"_ _4\"></span>ofit or loss for insurance contr<span class=\"_ _3\"></span>acts \u2013 cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e units<span class=\"_ _36a\"> </span>The amount <span class=\"_ _3\"></span>of the CSM recognised in profit or loss f<span class=\"_ _3\"></span>or insurance contract services in the period is<span class=\"_ _36a\"> </span>determined by the allocation <span class=\"_ _3\"></span>of the CSM remaining at the end <span class=\"_ _3\"></span>of the reporting period o<span class=\"_ _3\"></span>ver the cur<span class=\"_ _3\"></span>rent<span class=\"_ _36a\"> </span>and remaining e<span class=\"_ _3\"></span>xpected cov<span class=\"_ _4\"></span>erage period of the group of insurance contracts based on co<span class=\"_ _4\"></span>verage<span class=\"_ _36a\"> </span>units. <span class=\"_ _2f\"></span>The cov<span class=\"_ _3\"></span>erage period is defined as a period during which the entity pro<span class=\"_ _3\"></span>vides insurance contract<span class=\"_ _36a\"> </span>services. Insurance contract services include cov<span class=\"_ _3\"></span>erage for an insured <span class=\"_ _4\"></span>event (insurance cov<span class=\"_ _4\"></span>erage),<span class=\"_ _36a\"> </span>the generation of an in<span class=\"_ _3\"></span>vestment return f<span class=\"_ _4\"></span>or the policyholder<span class=\"_ _4\"></span>, if applicable (investment-return service)<span class=\"_ _36a\"> </span>for the contracts under the GMM, and the management <span class=\"_ _3\"></span>of underlying items on behalf <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>policyholder (inv<span class=\"_ _3\"></span>estment-related service) for the contracts under the <span class=\"_ _5\"></span>VF<span class=\"_ _5\"></span>A.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment-return services are provided <span class=\"_ _4\"></span>only when an investment component <span class=\"_ _3\"></span>exists in insurance<span class=\"_ _36a\"> </span>contracts or the policyholder has a right to withdra<span class=\"_ _3\"></span>w an amount, and the Group e<span class=\"_ _3\"></span>xpects these<span class=\"_ _36a\"> </span>amounts to include an inv<span class=\"_ _3\"></span>estment return that is achiev<span class=\"_ _4\"></span>ed by the Group by perf<span class=\"_ _3\"></span>orming inv<span class=\"_ _3\"></span>estment<span class=\"_ _36a\"> </span>activities to generate that inv<span class=\"_ _3\"></span>estment return.<span class=\"_ _36a\"> </span>Note A5(g) sets <span class=\"_ _4\"></span>out the coverage units that are applied to the products within the Group.<span class=\"_ _36a\"> </span>Insurance contr<span class=\"_ _3\"></span>acts \u2013 loss component<span class=\"_ _36a\"> </span>When the negative adjustments to the CSM <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>ceed the amount of the CSM, the group <span class=\"_ _3\"></span>of contracts<span class=\"_ _36a\"> </span>becomes onerous, and the Group recognises the <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>cess in insurance service e<span class=\"_ _4\"></span>xpenses and records<span class=\"_ _36a\"> </span>the e<span class=\"_ _3\"></span>xcess as a loss component <span class=\"_ _3\"></span>of the LRC. B<span class=\"_ _4\"></span>ot<span class=\"_ _c\"></span>h additions and rev<span class=\"_ _3\"></span>ersals to the loss component are<span class=\"_ _36a\"> </span>measured at locked-in discount rates and allocations are made at the beginning <span class=\"_ _3\"></span>of the period. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>systematic allocation is calculated as the <span class=\"_ _3\"></span>opening loss component of the LR<span class=\"_ _3\"></span>C divided by the sum<span class=\"_ _36a\"> </span>of the total opening present v<span class=\"_ _3\"></span>alue of future cash flo<span class=\"_ _4\"></span>ws and adjustment for future non-financial risk.<span class=\"_ _36a\"> </span>When a loss component e<span class=\"_ _3\"></span>xists, the Group allocates between the loss component and the remaining<span class=\"_ _36a\"> </span>component of the LR<span class=\"_ _3\"></span>C for the respectiv<span class=\"_ _3\"></span>e group of contracts, <span class=\"_ _4\"></span>on a systematic and rational basis for:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>expected incurred claims and <span class=\"_ _3\"></span>other directly attributable expenses f<span class=\"_ _4\"></span>or the period;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he risk adjustment for non-financial risk f<span class=\"_ _3\"></span>or the risk e<span class=\"_ _4\"></span>xpired; and<span class=\"_ _36a\"> </span>(c) <span class=\"_ _d\"> </span>finance income (expenses) from insurance contracts issued.<span class=\"_ _36a\"> </span>  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts and r<span class=\"_ _4\"></span>einsurance contracts (continued)<span class=\"_ _36a\"> </span>For insur<span class=\"_ _3\"></span>ance contracts under the GMM:(continued)<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or insurance contracts under the GMM, the follo<span class=\"_ _3\"></span>wing adjustments do not adjust the CSM:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>changes in t<span class=\"_ _c\"></span>he FCF for the <span class=\"_ _3\"></span>eff<span class=\"_ _4\"></span>ect of the time value of mone<span class=\"_ _4\"></span>y and the eff<span class=\"_ _3\"></span>ect of financial risk and<span class=\"_ _36a\"> </span>changes thereof;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he FCF relating to the LIC; and<span class=\"_ _36a\"> </span>(c) <span class=\"_ _d\"> </span> <span class=\"_ _0\"></span>experience adjustments relating to insurance service e<span class=\"_ _4\"></span>xpenses (excluding insurance acquisition<span class=\"_ _36a\"> </span>cash flows).<span class=\"_ _36a\"> </span>The Group does not classify an<span class=\"_ _3\"></span>y premiums received in the period as relating to current service <span class=\"_ _4\"></span>on<span class=\"_ _36a\"> </span>materiality grounds.<span class=\"_ _36a\"> </span>For insur<span class=\"_ _3\"></span>ance contracts under the <span class=\"_ _9\"></span>VF<span class=\"_ _4\"></span>A:<span class=\"_ _36a\"> </span>Direct participating contracts are contracts under which the Group\u2019<span class=\"_ _5\"></span>s obligation to the policyholder<span class=\"_ _36a\"> </span>is the net of: <span class=\"_ _cd\"> </span><span class=\"ls41\">\u2013 <span class=\"_ _6\"></span>the obligation to pay the policyholder an amount <span class=\"_ _4\"></span>equal to the fair value <span class=\"_ _3\"></span>of the underlying items; and</span> <span class=\"_ _cd\"> </span><span class=\"ls37 wscd\">\u2013 <span class=\"_ _6\"></span>a v<span class=\"_ _3\"></span>ariable f<span class=\"_ _3\"></span>ee in e<span class=\"_ _3\"></span>xchange f<span class=\"_ _3\"></span>or future services provided b<span class=\"_ _4\"></span>y the contracts, being the amount of the<span class=\"_ _36a\"> </span></span>Group\u2019<span class=\"_ _5\"></span>s share of the fair v<span class=\"_ _4\"></span>alue of the underlying items less fulfilment cash flows that do not vary<span class=\"_ _36a\"> </span>based on the returns <span class=\"_ _4\"></span>on underlying items. <span class=\"_ _5\"></span>The Group provides in<span class=\"_ _3\"></span>vestment related services under<span class=\"_ _36a\"> </span>these contracts by promising an in<span class=\"_ _3\"></span>vestment return based <span class=\"_ _4\"></span>on underlying items, in addition to<span class=\"_ _36a\"> </span>insurance cov<span class=\"_ _3\"></span>erage.<span class=\"_ _36a\"> </span>The Group has not applied the risk mitigation <span class=\"_ _3\"></span>option that is av<span class=\"_ _3\"></span>ailable under IFRS 1<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>.B1<span class=\"_ _5\"></span>1<span class=\"_ _3\"></span>5 regarding<span class=\"_ _36a\"> </span>offsetting the impacts of deriv<span class=\"_ _3\"></span>atives and reinsurance contracts and theref<span class=\"_ _3\"></span>ore recognises all changes<span class=\"_ _36a\"> </span>in financial risk and the time value <span class=\"_ _3\"></span>of money against the CSM f<span class=\"_ _3\"></span>or direct participating contracts.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing adjustments relate to future service and thus adjust the CSM:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>changes in the amount of the Group\u2019<span class=\"_ _5\"></span>s share of the fair v<span class=\"_ _4\"></span>alue of the underlying items; and<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he FCF that do not vary based <span class=\"_ _3\"></span>on the returns of underlying items: <span class=\"_ _156\"> </span>(i) <span class=\"_ _2\"> </span> <span class=\"_ _12\"></span>changes in the eff<span class=\"_ _3\"></span>ect of the time v<span class=\"_ _4\"></span>alue of money and financial risks including the eff<span class=\"_ _4\"></span>ect of<span class=\"_ _36a\"> </span>financial guarantees; <span class=\"_ _156\"> </span>(ii) <span class=\"_ _f\"> </span> <span class=\"_ _12\"></span>changes in estimates of the present v<span class=\"_ _3\"></span>alue of future cash flo<span class=\"_ _4\"></span>ws in the LRC; and <span class=\"_ _156\"> </span>(iii)  changes in the risk adjustment for non-financial risk that relate to fut<span class=\"_ _3\"></span>ure service.<span class=\"_ _36a\"> </span>Adjustments are measured using the current discount rates.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or insurance contracts under the <span class=\"_ _4\"></span>VF<span class=\"_ _5\"></span>A, the following adjustments do not adjust the CSM:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>changes in t<span class=\"_ _c\"></span>he obligation to pa<span class=\"_ _3\"></span>y the policyholder the amount equal to the f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>underlying items;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>changes in t<span class=\"_ _c\"></span>he FCF that do not vary based <span class=\"_ _3\"></span>on the returns of underlying items: <span class=\"_ _156\"> </span>(i) <span class=\"_ _158\"> </span>changes in the FCF relating to the LIC; and <span class=\"_ _156\"> </span>(ii) <span class=\"_ _f\"> </span> <span class=\"_ _12\"></span>experience adjustments relating to insurance service e<span class=\"_ _3\"></span>xpenses (ex<span class=\"_ _3\"></span>cluding insurance<span class=\"_ _36a\"> </span>acquisition cash flows).<span class=\"_ _36a\"> </span>The Group does not classify an<span class=\"_ _3\"></span>y premiums received in the period as relating to current service <span class=\"_ _4\"></span>on<span class=\"_ _36a\"> </span>materiality grounds.<span class=\"_ _36a\"> </span>The amounts <span class=\"_ _3\"></span>of loss component allocation in (a) and (b) abov<span class=\"_ _3\"></span>e reduce the respective components<span class=\"_ _36a\"> </span>of insurance rev<span class=\"_ _3\"></span>enue and are reflected in insurance service e<span class=\"_ _4\"></span>xpenses. Decreases in t<span class=\"_ _c\"></span>he FCF in<span class=\"_ _36a\"> </span>subsequent periods that relate to future service reduce the remaining loss component and reinstate<span class=\"_ _36a\"> </span>the CSM after the loss component is reduced to zero. Increases in the FCF in subsequent periods<span class=\"_ _36a\"> </span>that relate to future service increase the loss component.<span class=\"_ _36a\"> </span>Mov<span class=\"_ _3\"></span>ement in the loss component comprises changes in e<span class=\"_ _3\"></span>xperience and systematic allocation.<span class=\"_ _36a\"> </span>Changes relating to e<span class=\"_ _3\"></span>xperience and assumptions are presented as \u2018Losses and re<span class=\"_ _3\"></span>versals <span class=\"_ _4\"></span>of losses on<span class=\"_ _36a\"> </span>onerous contracts<span class=\"_ _3\"></span>\u2019 and changes relating to systematic allocation are presented as \u2018Incurred claims<span class=\"_ _36a\"> </span>and other directly attributable <span class=\"_ _3\"></span>expenses<span class=\"_ _4\"></span>\u2019 in the loss component column of the \u2018analysis b<span class=\"_ _4\"></span>y remaining<span class=\"_ _36a\"> </span>cov<span class=\"_ _3\"></span>erage and incurred claims<span class=\"_ _4\"></span>\u2019 tables in the insurance and reinsurance contracts notes in Section F<span class=\"_ _0\"></span>.<span class=\"_ _36a\"> </span>(xii) <span class=\"_ _6\"></span>Subsequent measur<span class=\"_ _3\"></span>ement \u2013 reinsur<span class=\"_ _4\"></span>ance contracts not measured under the P<span class=\"_ _2f\"></span>AA<span class=\"_ _36a\"> </span>The carrying amount <span class=\"_ _4\"></span>of a group of insurance contracts at each reporting date is the sum <span class=\"_ _3\"></span>of the A<span class=\"_ _3\"></span>sset<span class=\"_ _36a\"> </span>for R<span class=\"_ _3\"></span>emaining Cov<span class=\"_ _4\"></span>erage (ARC) and the Asset f<span class=\"_ _4\"></span>or Incurred Claims (AIC). <span class=\"_ _5\"></span>The <span class=\"_ _3\"></span>ARC comprises the FCF<span class=\"_ _36a\"> </span>that relates to services that will be received under the reinsurance contracts held in future periods<span class=\"_ _36a\"> </span>and any remaining CSM at that date. <span class=\"_ _2f\"></span>The <span class=\"_ _3\"></span>AIC comprises the FCF related to past service for incur<span class=\"_ _3\"></span>red<span class=\"_ _36a\"> </span>claims that hav<span class=\"_ _3\"></span>e not <span class=\"_ _4\"></span>yet been receiv<span class=\"_ _4\"></span>ed.<span class=\"_ _36a\"> </span>Changes t<span class=\"_ _3\"></span>o the CSM for r<span class=\"_ _4\"></span>einsurance contracts:<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or reinsurance contracts, the carrying amount <span class=\"_ _3\"></span>of the CSM at each reporting date is the carrying<span class=\"_ _36a\"> </span>amount at the start of the <span class=\"_ _5\"></span>year<span class=\"_ _4\"></span>, adjusted for:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>the CSM of an<span class=\"_ _4\"></span>y new contracts that are added to the Group in the <span class=\"_ _4\"></span>year;<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span> <span class=\"_ _0\"></span>Interest accreted on the carrying amount <span class=\"_ _3\"></span>of the CSM during the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>, measured at the discount<span class=\"_ _36a\"> </span>rates on nominal cash flo<span class=\"_ _3\"></span>ws that do not vary based <span class=\"_ _3\"></span>on the returns on an<span class=\"_ _4\"></span>y underlying items<span class=\"_ _36a\"> </span>determined on initial recognition;<span class=\"_ _36a\"> </span>(iii) <span class=\"_ _11\"> </span>Income recognised in profit or loss in the <span class=\"_ _5\"></span>year on initial recognition <span class=\"_ _3\"></span>of onerous underlying contracts;<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _31\"> </span> <span class=\"_ _12\"></span>reversals <span class=\"_ _3\"></span>of a loss-recov<span class=\"_ _3\"></span>ery component to the e<span class=\"_ _3\"></span>xtent that they are not changes in the fulfilment<span class=\"_ _36a\"> </span>cash flows <span class=\"_ _3\"></span>of the group of reinsurance contracts;<span class=\"_ _36a\"> </span>(v) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>changes in fulfilment cash flows that relate to future services, measured at the discount rates<span class=\"_ _36a\"> </span>determined on initial recognition, unless the<span class=\"_ _3\"></span>y result from changes in fulfilment cash flows <span class=\"_ _3\"></span>of<span class=\"_ _36a\"> </span>onerous underlying contracts, in which case they are recognised in profit <span class=\"_ _3\"></span>or loss and create or<span class=\"_ _36a\"> </span>adjust a loss-recov<span class=\"_ _3\"></span>ery component;<span class=\"_ _36a\"> </span>(vi) <span class=\"_ _7\"> </span>the eff<span class=\"_ _3\"></span>ect of an<span class=\"_ _3\"></span>y currency <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>change diff<span class=\"_ _3\"></span>erences on the CSM; and<span class=\"_ _36a\"> </span>(vii) the amount recognised in profit or loss because <span class=\"_ _4\"></span>of the services received in the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>Income ref<span class=\"_ _3\"></span>erred to in (iii) abo<span class=\"_ _3\"></span>ve is calculated b<span class=\"_ _3\"></span>y multiplying the loss recognised on underlying<span class=\"_ _36a\"> </span>insurance contracts by the percentage <span class=\"_ _3\"></span>of claims on underlying insurance contracts that the Group<span class=\"_ _36a\"> </span>expects to reco<span class=\"_ _3\"></span>ver from the reinsurance contract held that is <span class=\"_ _3\"></span>entered into before <span class=\"_ _4\"></span>or at the same<span class=\"_ _36a\"> </span>time as the loss is recognised on the underlying insurance contracts. F<span class=\"_ _4\"></span>or the purposes of (iii) to (v)<span class=\"_ _36a\"> </span>abov<span class=\"_ _3\"></span>e, when underlying insurance contracts are included in the same group with insurance contracts<span class=\"_ _36a\"> </span>issued that are not reinsured, the Group applies a systematic and rational method <span class=\"_ _3\"></span>of allocation to<span class=\"_ _36a\"> </span>determine the portion of losses that relates to underlying insurance contracts.<span class=\"_ _36a\"> </span>Release of the CSM to pr<span class=\"_ _4\"></span>ofit or loss for reinsur<span class=\"_ _3\"></span>ance contracts \u2013 co<span class=\"_ _4\"></span>verage units<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or reinsurance contracts held, the CSM is released to profit or loss as insurance contract services<span class=\"_ _36a\"> </span>are received from the reinsurer in the period. Note <span class=\"_ _4\"></span>A5(g) sets out the coverage units that are applied<span class=\"_ _36a\"> </span>to the reinsurance contracts held within the Group.<span class=\"_ _36a\"> </span>Reinsurance contr<span class=\"_ _3\"></span>acts held \u2013 loss-r<span class=\"_ _3\"></span>ecov<span class=\"_ _3\"></span>ery component<span class=\"_ _36a\"> </span>A loss-recov<span class=\"_ _3\"></span>ery component is established <span class=\"_ _3\"></span>or adjusted within the asset for remaining co<span class=\"_ _3\"></span>verage f<span class=\"_ _4\"></span>or<span class=\"_ _36a\"> </span>reinsurance contracts held for the amount <span class=\"_ _3\"></span>of income recognised in profit or loss when the Group<span class=\"_ _36a\"> </span>recognises a loss on initial recognition <span class=\"_ _3\"></span>of an onerous group <span class=\"_ _3\"></span>of underlying insurance contracts or <span class=\"_ _4\"></span>on<span class=\"_ _36a\"> </span>addition of <span class=\"_ _3\"></span>onerous underlying insurance contracts to that group. <span class=\"_ _3\"></span>Subsequently<span class=\"_ _4\"></span>, the loss-recov<span class=\"_ _3\"></span>ery<span class=\"_ _36a\"> </span>component is adjusted to reflect changes in the loss component of an <span class=\"_ _3\"></span>onerous group of underlying<span class=\"_ _36a\"> </span>insurance contracts.<span class=\"_ _36a\"> </span>The loss-reco<span class=\"_ _3\"></span>very component is further adjusted, if required, to <span class=\"_ _3\"></span>ensure that it does not e<span class=\"_ _4\"></span>xceed the<span class=\"_ _36a\"> </span>portion of the carrying amount <span class=\"_ _4\"></span>of the loss component of the onerous group <span class=\"_ _3\"></span>of underlying insurance<span class=\"_ _36a\"> </span>contracts that the Group e<span class=\"_ _3\"></span>xpects to recov<span class=\"_ _3\"></span>er from the group of reinsurance contracts held. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>loss-recov<span class=\"_ _3\"></span>ery component determines the amounts that are presented as a reduction of incurred claims<span class=\"_ _36a\"> </span>recov<span class=\"_ _3\"></span>ery from reinsurance contracts held and are consequently e<span class=\"_ _3\"></span>xcluded from the reinsurance<span class=\"_ _36a\"> </span>expenses determination.<span class=\"_ _36a\"> </span>(xiii) <span class=\"_ _6\"></span>Insurance and r<span class=\"_ _3\"></span>einsurance contr<span class=\"_ _4\"></span>acts measured under P<span class=\"_ _5\"></span>AA<span class=\"_ _36a\"> </span>The Group uses P<span class=\"_ _5\"></span>AA to simplify the measurement of groups of contracts where the co<span class=\"_ _3\"></span>verage period<span class=\"_ _36a\"> </span>of each contract in the group is 1 <span class=\"_ _5\"></span>year or less. <span class=\"_ _2f\"></span>This approach is used f<span class=\"_ _3\"></span>or stand-alone short-term<span class=\"_ _36a\"> </span>protection products in Mov<span class=\"_ _3\"></span>estic.<span class=\"_ _36a\"> </span>On initial recognition of <span class=\"_ _3\"></span>each group of insurance contracts, the carrying amount <span class=\"_ _4\"></span>of the LRC is<span class=\"_ _36a\"> </span>measured at the premiums received. <span class=\"_ _2f\"></span>The Group has chosen to <span class=\"_ _3\"></span>expense insurance acquisition cash<span class=\"_ _36a\"> </span>flows when the<span class=\"_ _3\"></span>y are incurred.<span class=\"_ _36a\"> </span>Subsequently<span class=\"_ _4\"></span>, the carrying amount of the LR<span class=\"_ _4\"></span>C is increased by any premiums receiv<span class=\"_ _3\"></span>ed and decreased<span class=\"_ _36a\"> </span>by the amount recognised as insurance re<span class=\"_ _3\"></span>venue f<span class=\"_ _3\"></span>or services provided. On initial recognition <span class=\"_ _4\"></span>of each<span class=\"_ _36a\"> </span>group of contracts, the Group <span class=\"_ _3\"></span>expects that the time betw<span class=\"_ _3\"></span>een providing <span class=\"_ _3\"></span>each part of the services and<span class=\"_ _36a\"> </span>the related premium due date is no more than a <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. Accordingly<span class=\"_ _5\"></span>, the Group has chosen not to<span class=\"_ _36a\"> </span>adjust the LRC to reflect the time v<span class=\"_ _3\"></span>alue of mone<span class=\"_ _3\"></span>y and the eff<span class=\"_ _4\"></span>ect of financial risk.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or contracts measured under the P<span class=\"_ _4\"></span>AA, the LIC is adjusted for the time v<span class=\"_ _3\"></span>alue of mone<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>, as the<span class=\"_ _36a\"> </span>contracts issued and measured under the P<span class=\"_ _4\"></span>AA typically hav<span class=\"_ _3\"></span>e a settlement period of <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>er 1 <span class=\"_ _4\"></span>year<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>A risk adjustment for non-financial risk is also calculated.<span class=\"_ _36a\"> </span>There are no in<span class=\"_ _3\"></span>vestment components within insurance contracts issued and reinsurance contracts<span class=\"_ _36a\"> </span>held that are measured under the P<span class=\"_ _4\"></span>AA.<span class=\"_ _36a\"> </span>(xiv<span class=\"_ _4\"></span>) <span class=\"_ _6\"></span>Non-distinct in<span class=\"_ _3\"></span>vestment components<span class=\"_ _36a\"> </span>Insurance rev<span class=\"_ _3\"></span>enue and insurance service e<span class=\"_ _4\"></span>xpenses exclude an<span class=\"_ _4\"></span>y Non-Distinct Investment Components<span class=\"_ _36a\"> </span>(NDIC). <span class=\"_ _2f\"></span>The Group identifies the inv<span class=\"_ _3\"></span>estment component of a contract b<span class=\"_ _3\"></span>y determining the amount<span class=\"_ _36a\"> </span>that it would be required to repa<span class=\"_ _3\"></span>y to the policyholder in all scenarios with commercial substance.<span class=\"_ _36a\"> </span>These include circumstances in which an insured <span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>ent occurs, or the contract matures <span class=\"_ _3\"></span>or is<span class=\"_ _36a\"> </span>terminated without an insured e<span class=\"_ _3\"></span>vent <span class=\"_ _4\"></span>occurring<span class=\"_ _c\"></span>. Inv<span class=\"_ _3\"></span>estment components are e<span class=\"_ _3\"></span>xcluded from insurance<span class=\"_ _36a\"> </span>rev<span class=\"_ _3\"></span>enue and insurance service e<span class=\"_ _4\"></span>xpenses, being recognised instead d<span class=\"_ _c\"></span>irectly in the <span class=\"_ _3\"></span>Statement of<span class=\"_ _36a\"> </span>Financial P<span class=\"_ _4\"></span>osition.<span class=\"_ _36a\"> </span>The table that f<span class=\"_ _3\"></span>ollows details the source <span class=\"_ _3\"></span>of the NDICs for the broad product categories.<span class=\"_ _36a\"> </span>Prod<span class=\"_ _c\"></span>uc<span class=\"_ _c\"></span>t c<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>gor<span class=\"_ _6\"></span>y <span class=\"_ _1db\"> </span>T<span class=\"_ _3\"></span>yp<span class=\"_ _c\"></span>ica<span class=\"_ _c\"></span>l ND<span class=\"_ _c\"></span>IC<span class=\"_ _36a\"> </span>Immediate annuities <span class=\"_ _1f0\"> </span>None<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm assurance and other non-linked <span class=\"_ _18a\"> </span>Ter<span class=\"_ _3\"></span>m assurance: None <span class=\"_ _118\"> </span> <span class=\"_ _0\"></span>Other non-linked: Lower of de<span class=\"_ _3\"></span>ath, surrender and maturity benefit<span class=\"_ _36a\"> </span>Unit-linked/inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/with-pr<span class=\"_ _3\"></span>ofits \u2013 GMM <span class=\"_ _f9\"> </span>Lo<span class=\"_ _3\"></span>wer of death, surr<span class=\"_ _3\"></span>ender and maturity benefit<span class=\"_ _36a\"> </span>Unit-linked/inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/with-pr<span class=\"_ _3\"></span>ofits \u2013 VF<span class=\"_ _3\"></span>A <span class=\"_ _132\"> </span>Lower of de<span class=\"_ _3\"></span>ath, surrender and maturity benefit<span class=\"_ _36a\"> </span>Short-term prot<span class=\"_ _3\"></span>ection <span class=\"_ _172\"> </span>None  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts and r<span class=\"_ _4\"></span>einsurance contracts (continued)<span class=\"_ _36a\"> </span>(xv) <span class=\"_ _6\"></span>Pr<span class=\"_ _3\"></span>esentation in the Income Statement and Stat<span class=\"_ _3\"></span>ement of Financial P<span class=\"_ _3\"></span>osition<span class=\"_ _36a\"> </span>Under IFRS 1<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>, for contracts not measured under the P<span class=\"_ _4\"></span>AA, the Group recognises insurance rev<span class=\"_ _3\"></span>enue<span class=\"_ _36a\"> </span>as it satisfies its performance <span class=\"_ _3\"></span>obligations \u2013 i.e. as it provides services under groups <span class=\"_ _3\"></span>of insurance<span class=\"_ _36a\"> </span>contracts. <span class=\"_ _2f\"></span>The insurance rev<span class=\"_ _3\"></span>enue relating to services provided f<span class=\"_ _3\"></span>or each <span class=\"_ _5\"></span>year represents the total of<span class=\"_ _36a\"> </span>the changes in the LRC that relate to services f<span class=\"_ _3\"></span>or which the Group e<span class=\"_ _3\"></span>xpects to receive consideration.<span class=\"_ _36a\"> </span>This mainly comprises the release <span class=\"_ _3\"></span>of e<span class=\"_ _3\"></span>xpected claims, the risk adjustment e<span class=\"_ _4\"></span>xpired and t<span class=\"_ _c\"></span>he CSM<span class=\"_ _36a\"> </span>amortised in the period.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or contracts measured under the P<span class=\"_ _4\"></span>AA, the insurance rev<span class=\"_ _3\"></span>enue for <span class=\"_ _4\"></span>each period equates to the amount<span class=\"_ _36a\"> </span>of e<span class=\"_ _3\"></span>xpected premium receipts for pro<span class=\"_ _4\"></span>vid<span class=\"_ _c\"></span>ing services in the period.<span class=\"_ _36a\"> </span>\u2018Insurance service e<span class=\"_ _4\"></span>xpenses\u2019 in <span class=\"_ _3\"></span>each reporting period represents the cost of pro<span class=\"_ _3\"></span>viding those services,<span class=\"_ _36a\"> </span>broadly comprising incurred claims and benefits and e<span class=\"_ _4\"></span>xpenses that are directly attributable to<span class=\"_ _36a\"> </span>providing the service in the period. Incurred claims and benefits include lapse amounts but <span class=\"_ _4\"></span>exclude<span class=\"_ _36a\"> </span>NDICs per note abov<span class=\"_ _3\"></span>e.<span class=\"_ _36a\"> </span>\u2018Net income/(expenses) from reinsurance contracts<span class=\"_ _3\"></span>\u2019 generally comprises reinsurance e<span class=\"_ _3\"></span>xpenses and<span class=\"_ _36a\"> </span>the recov<span class=\"_ _3\"></span>ery of incur<span class=\"_ _3\"></span>red claims. Reinsurance <span class=\"_ _3\"></span>expenses are recognised similarly to insurance re<span class=\"_ _3\"></span>venue,<span class=\"_ _36a\"> </span>with the amount of reinsurance <span class=\"_ _3\"></span>expenses representing an allocation <span class=\"_ _3\"></span>of the premiums paid to<span class=\"_ _36a\"> </span> <span class=\"_ _13\"> </span>(<span class=\"_ _36a\"> </span>reinsurers that depicts the received insurance contract services in the period. Income and <span class=\"_ _3\"></span>expenses<span class=\"_ _36a\"> </span>from reinsurance contracts are presented separately from income and e<span class=\"_ _3\"></span>xpenses from insurance<span class=\"_ _36a\"> </span>contracts issued. Income and e<span class=\"_ _3\"></span>xpenses from reinsurance contracts, other than insurance finance<span class=\"_ _36a\"> </span>income or <span class=\"_ _3\"></span>expenses, are presented <span class=\"_ _4\"></span>on a net basis on the face of the Income <span class=\"_ _4\"></span>Statement as \u2018net<span class=\"_ _36a\"> </span>expenses from reinsurance contracts<span class=\"_ _4\"></span>\u2019 in the insurance service result.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>ogether<span class=\"_ _4\"></span>, the insurance revenue, insurance service e<span class=\"_ _4\"></span>xpenses and net income/(expenses) from<span class=\"_ _36a\"> </span>reinsurance contracts make up the insurance service result, presented <span class=\"_ _3\"></span>on the face <span class=\"_ _3\"></span>of the Income Statement.<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(<span class=\"_ _36a\"> </span>The \u2018in<span class=\"_ _3\"></span>vestment result\u2019 comprises the \u2018net in<span class=\"_ _3\"></span>vestment return<span class=\"_ _5\"></span>\u2019<span class=\"_ _4\"></span>, changes in net investment contract<span class=\"_ _36a\"> </span>liabilities and policyholder funds held by the Group and insurance finance income <span class=\"_ _3\"></span>or e<span class=\"_ _3\"></span>xpenses (IFIE)<span class=\"_ _36a\"> </span>for both insurance and reinsurance contracts. <span class=\"_ _2f\"></span>The IFIE broadly includes the <span class=\"_ _3\"></span>eff<span class=\"_ _3\"></span>ect of changes in the<span class=\"_ _36a\"> </span>time value <span class=\"_ _3\"></span>of money and the <span class=\"_ _3\"></span>eff<span class=\"_ _4\"></span>ect of financial risk and changes in financial risk. <span class=\"_ _5\"></span>The Group includes<span class=\"_ _36a\"> </span>all IFIE in the profit or loss, with no disaggregation into Other Comprehensiv<span class=\"_ _3\"></span>e Income.<span class=\"_ _36a\"> </span>The Group disaggregates changes in the risk adjustment f<span class=\"_ _3\"></span>or non-financial risk between the insurance<span class=\"_ _36a\"> </span>service result and insurance finance income or <span class=\"_ _3\"></span>expenses so that the impact <span class=\"_ _3\"></span>of measuring the risk adjustment for non-financial risk at current discount rates is reported within insurance finance<span class=\"_ _36a\"> </span>income or expense.<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ortfolios of insurance contracts that are assets and those that are liabilities, and portf<span class=\"_ _3\"></span>olios of<span class=\"_ _36a\"> </span>reinsurance contracts that are assets and those that are liabilities, are presented separately in the<span class=\"_ _36a\"> </span>Statement of Financial P<span class=\"_ _4\"></span>osition. An<span class=\"_ _4\"></span>y assets or liabilities recognised for cash flows arising bef<span class=\"_ _4\"></span>ore<span class=\"_ _36a\"> </span>the recognition of the related group <span class=\"_ _3\"></span>of contracts (including any assets f<span class=\"_ _3\"></span>or insurance acquisition cash<span class=\"_ _36a\"> </span>flows) are included in the carrying amount <span class=\"_ _4\"></span>of the related portfolios of contracts.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "BEPS 2.0<span class=\"_ _36a\"> </span>The Organisation f<span class=\"_ _3\"></span>or Economic Cooperation and Dev<span class=\"_ _3\"></span>elopment\u2019<span class=\"_ _5\"></span>s (OECD) Pillar <span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>wo r<span class=\"_ _3\"></span>ules introduce a global minimum eff<span class=\"_ _4\"></span>ective tax rate of 1<span class=\"_ _4\"></span>5% for multinational <span class=\"_ _3\"></span>enterprise groups with consolidated<span class=\"_ _36a\"> </span>rev<span class=\"_ _3\"></span>enue of at least \u20ac750m in at least 2 <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he preceding 4 <span class=\"_ _4\"></span>years. <span class=\"_ _2f\"></span>The Chesnara Group <span class=\"_ _3\"></span>operates in the United Kingdom, <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>eden and the Netherlands, all of which have no<span class=\"_ _4\"></span>w enacted domestic<span class=\"_ _36a\"> </span>Pillar <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>wo legislation and continue to refine those rules through technical amendments and<span class=\"_ _36a\"> </span>administrative guidance.<span class=\"_ _36a\"> </span>Chesnara\u2019<span class=\"_ _5\"></span>s consolidated revenues remain belo<span class=\"_ _4\"></span>w t<span class=\"_ _c\"></span>he \u20ac750m threshold and the Group therefore<span class=\"_ _36a\"> </span>continues to be out <span class=\"_ _3\"></span>of scope of the Pillar <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>wo r<span class=\"_ _3\"></span>ules for the <span class=\"_ _5\"></span>year ended 31 December 2025. F<span class=\"_ _4\"></span>or the<span class=\"_ _36a\"> </span>purpose of assessing the Pillar <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>wo re<span class=\"_ _3\"></span>venue threshold, consolidated re<span class=\"_ _3\"></span>venue is determined in<span class=\"_ _36a\"> </span>accordance with IFRS and <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>cludes amounts relating to unit-linked policyholder investment <span class=\"_ _3\"></span>returns<span class=\"_ _36a\"> </span>which are economically attributable to policyholders rather than the Group. <span class=\"_ _3\"></span>Accordingly<span class=\"_ _5\"></span>, no amounts in respect of Pillar <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>wo current <span class=\"_ _4\"></span>or deferred tax ha<span class=\"_ _4\"></span>ve been recognised in these financial statements<span class=\"_ _36a\"> </span>and the Group applies the temporary e<span class=\"_ _3\"></span>xception from recognising and disclosing def<span class=\"_ _4\"></span>erred taxes<span class=\"_ _36a\"> </span>arising from Pillar <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>wo income taxes.<span class=\"_ _36a\"> </span>The Group continues to monitor the implementation <span class=\"_ _3\"></span>of Pillar <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>wo in the UK, <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>eden and the<span class=\"_ _36a\"> </span>Netherlands, including technical amendments incorporating OECD administrative guidance across<span class=\"_ _36a\"> </span>jurisdictions (notably the interpretation and application of OECD guidance in <span class=\"_ _4\"></span>Sweden in connection<span class=\"_ _36a\"> </span>with insurance inv<span class=\"_ _3\"></span>estment funds) as well as the de<span class=\"_ _3\"></span>velopment <span class=\"_ _4\"></span>of safe harbours and associated<span class=\"_ _36a\"> </span>reporting requirements. In doing so, the Group assesses the impact of business gro<span class=\"_ _3\"></span>wth and future<span class=\"_ _36a\"> </span>acquisitions, eff<span class=\"_ _4\"></span>ective tax rates across jurisdictions and the interaction of local tax regimes with<span class=\"_ _36a\"> </span>GloBE rules. B<span class=\"_ _3\"></span>ased on <span class=\"_ _3\"></span>our assessment as at 31 December 2025, no Pillar <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>wo top-up tax e<span class=\"_ _3\"></span>xposure<span class=\"_ _36a\"> </span>is e<span class=\"_ _3\"></span>xpected and no additional IAS 1<span class=\"_ _4\"></span>2 disclosures are required.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": " <span class=\"_ _7\"> </span>(<span class=\"_ _36a\"> </span>d) <span class=\"_ _6\"></span>Investment r<span class=\"_ _4\"></span>etur<span class=\"_ _3\"></span>n<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment return comprises inv<span class=\"_ _4\"></span>estment income from financial assets and rental income from<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment properties.<span class=\"_ _36a\"> </span>Income from financial assets comprises dividend and interest income, net fair v<span class=\"_ _3\"></span>alue gains and losses<span class=\"_ _36a\"> </span>(both unrealised and realised) in respect of financial assets classified as f<span class=\"_ _3\"></span>air value through profit <span class=\"_ _3\"></span>or<span class=\"_ _36a\"> </span>loss, and realised gains on financial assets classified as measured at amortised cost.<span class=\"_ _36a\"> </span>Dividends are accrued <span class=\"_ _3\"></span>on an e<span class=\"_ _3\"></span>x<span class=\"_ _4\"></span>-dividend basis. Interest received and receiv<span class=\"_ _4\"></span>able in respect of<span class=\"_ _36a\"> </span>interest-bearing financial assets classified as fair v<span class=\"_ _3\"></span>alue through profit or loss is included in net f<span class=\"_ _3\"></span>air<span class=\"_ _36a\"> </span>value gains and losses. F<span class=\"_ _4\"></span>or financial assets measured at amortised cost, interest income is<span class=\"_ _36a\"> </span>calculated using the eff<span class=\"_ _4\"></span>ective interest method.<span class=\"_ _36a\"> </span>Rental income from in<span class=\"_ _3\"></span>vestment properties under <span class=\"_ _3\"></span>operating leases is recognised in the Consolidated<span class=\"_ _36a\"> </span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income on a straight-line basis <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>er the term of each lease. Lease<span class=\"_ _36a\"> </span>incentives are recognised in the Consolidated <span class=\"_ _4\"></span>Statement of Comprehensive Income as an integral<span class=\"_ _36a\"> </span>part of the total lease income.<span class=\"_ _36a\"> </span>The in<span class=\"_ _3\"></span>vestment return in respect <span class=\"_ _4\"></span>of assets backing investment contracts is disclosed separately<span class=\"_ _36a\"> </span>from the inv<span class=\"_ _3\"></span>estment return for those assets backing insurance contracts in <span class=\"_ _4\"></span>order to meet the IFRS 1<span class=\"_ _5\"></span>7 requirement to illustrate the relationship between insurance finance income or <span class=\"_ _3\"></span>expenses<span class=\"_ _36a\"> </span>and the corresponding return <span class=\"_ _3\"></span>on the assets.  (e) <span class=\"_ _6\"></span>F<span class=\"_ _3\"></span>ee, commission income and other oper<span class=\"_ _4\"></span>ating income<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>ee and commission income for in<span class=\"_ _4\"></span>vestment contracts:<span class=\"_ _36a\"> </span>In accordance with IFRS <span class=\"_ _2f\"></span>1<span class=\"_ _4\"></span>5, f<span class=\"_ _3\"></span>ees charged for in<span class=\"_ _4\"></span>vestment management services provided in connection<span class=\"_ _36a\"> </span>with inv<span class=\"_ _3\"></span>estment contracts are recognised as rev<span class=\"_ _3\"></span>enue o<span class=\"_ _4\"></span>ver time, as the services are provided.<span class=\"_ _36a\"> </span>Initial f<span class=\"_ _3\"></span>ees which e<span class=\"_ _3\"></span>xceed the le<span class=\"_ _4\"></span>vel of recurring f<span class=\"_ _4\"></span>ees and relate to the future provision <span class=\"_ _3\"></span>of services are<span class=\"_ _36a\"> </span>def<span class=\"_ _3\"></span>erred and amortised <span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>er the anticipated period o<span class=\"_ _3\"></span>ver time in which services will be pro<span class=\"_ _3\"></span>vided.<span class=\"_ _36a\"> </span>Initial f<span class=\"_ _3\"></span>ees, annual management charges and contract administration charges are recognised o<span class=\"_ _3\"></span>ver<span class=\"_ _36a\"> </span>time as rev<span class=\"_ _3\"></span>enue on an accr<span class=\"_ _3\"></span>uals basis. <span class=\"_ _3\"></span>Surrender charges are recognised as a reduction to policyholder<span class=\"_ _36a\"> </span>claims and benefits incurred when the surrender benefits are paid and as such are not reported in the Income <span class=\"_ _3\"></span>Statement.<span class=\"_ _36a\"> </span>Commissions received <span class=\"_ _3\"></span>or receivable which do not require the Group to render further services are<span class=\"_ _36a\"> </span>recognised at the point at which the commission becomes due. How<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>er<span class=\"_ _4\"></span>, when it is probable that<span class=\"_ _36a\"> </span>the Group will be required to render further services during the lif<span class=\"_ _3\"></span>e of the contract, the commission,<span class=\"_ _36a\"> </span>or part thereof<span class=\"_ _4\"></span>, is deferred and recognised <span class=\"_ _4\"></span>over time as re<span class=\"_ _3\"></span>venue <span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>er the period in which services<span class=\"_ _36a\"> </span>are rendered.<span class=\"_ _36a\"> </span>All f<span class=\"_ _3\"></span>ees in respect of insurance contracts are recognised within insurance re<span class=\"_ _3\"></span>venue.<span class=\"_ _36a\"> </span>Other operating income:<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>ee income from inv<span class=\"_ _4\"></span>estment managers is recognised in accordance wit<span class=\"_ _c\"></span>h IFRS 1<span class=\"_ _4\"></span>5 and are in relation<span class=\"_ _36a\"> </span>to Mov<span class=\"_ _3\"></span>estic, and are received from the fund companies, based <span class=\"_ _3\"></span>on the value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he managed assets.<span class=\"_ _36a\"> </span>The f<span class=\"_ _4\"></span>ee income is recognised and adjusted on an ongoing basis, as Mo<span class=\"_ _4\"></span>vestic meets its commitments.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": " <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Investment contr<span class=\"_ _4\"></span>acts<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment contracts are contracts that carry financial risk, with no significant insurance risk and<span class=\"_ _36a\"> </span>are accounted for under IFR<span class=\"_ _3\"></span>S 9. <span class=\"_ _2f\"></span>Where contracts contain both insurance and investment components<span class=\"_ _36a\"> </span>the inv<span class=\"_ _3\"></span>estment component can only be separated if it meets the requirements <span class=\"_ _3\"></span>of a \u2018distinct<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment component\u2019<span class=\"_ _2f\"></span>. Distinct in this sense is where the investment component is not highly<span class=\"_ _36a\"> </span>inter<span class=\"_ _5\"></span>-related with the insurance component and for which contracts with equiv<span class=\"_ _4\"></span>alent terms are sold, or could be sold, separately in the same mark<span class=\"_ _3\"></span>et or the same jurisdiction.<span class=\"_ _36a\"> </span>All inv<span class=\"_ _3\"></span>estment contract liabilities are designated on initial recognition as held at f<span class=\"_ _3\"></span>air value through<span class=\"_ _36a\"> </span>profit or loss. <span class=\"_ _2f\"></span>The Group has designated in<span class=\"_ _3\"></span>vestment contract liabilities at f<span class=\"_ _3\"></span>air value through profit <span class=\"_ _3\"></span>or<span class=\"_ _36a\"> </span>loss as this more closely reflects the basis on which the businesses are managed.<span class=\"_ _36a\"> </span>The financial liability in respect <span class=\"_ _3\"></span>of unit-linked contracts is measured b<span class=\"_ _3\"></span>y ref<span class=\"_ _4\"></span>erence to t<span class=\"_ _c\"></span>he value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>underlying net asset value <span class=\"_ _3\"></span>of the unitised inv<span class=\"_ _3\"></span>estment funds, determined on a bid v<span class=\"_ _4\"></span>alue, at the balance<span class=\"_ _36a\"> </span>sheet date.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or the UK business, the impact of def<span class=\"_ _4\"></span>erred tax on unrealised capital gains is passed to the<span class=\"_ _36a\"> </span>policyholder and for the <span class=\"_ _4\"></span>Swedish business a policyholder <span class=\"_ _5\"></span>yield tax in respect of an <span class=\"_ _3\"></span>estimate of the<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment return on the underlying in<span class=\"_ _4\"></span>vestments in the unitised funds are also reflected in the<span class=\"_ _36a\"> </span>measurement of the respectiv<span class=\"_ _3\"></span>e unit-linked liabilities.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment contract liabilities are managed together with related inv<span class=\"_ _3\"></span>estment assets on a f<span class=\"_ _3\"></span>air value<span class=\"_ _36a\"> </span>basis as part of the documented risk management strategy<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of other investment contracts is measured b<span class=\"_ _4\"></span>y discounting current estimates of all<span class=\"_ _36a\"> </span>contractual cash flows that are <span class=\"_ _4\"></span>expected to arise under contracts.<span class=\"_ _36a\"> </span>Amounts collected on in<span class=\"_ _3\"></span>vestment contracts are accounted f<span class=\"_ _3\"></span>or using deposit accounting, under<span class=\"_ _36a\"> </span>which the amounts collected, less any initial f<span class=\"_ _4\"></span>ees deducted, are credited directly to the Statement<span class=\"_ _36a\"> </span>of Financial P<span class=\"_ _4\"></span>osition as an adjustment to the liability to the investor<span class=\"_ _5\"></span>. Similarly<span class=\"_ _5\"></span>, benefits paid are not included in the Income <span class=\"_ _3\"></span>Statement but are instead deducted from inv<span class=\"_ _3\"></span>estment contract liabilities<span class=\"_ _36a\"> </span>in the accounting period in which they are paid.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-428": {
   "value": "(e) <span class=\"_ _6\"></span>F<span class=\"_ _3\"></span>ee, commission income and other oper<span class=\"_ _4\"></span>ating income<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>ee and commission income for in<span class=\"_ _4\"></span>vestment contracts:<span class=\"_ _36a\"> </span>In accordance with IFRS <span class=\"_ _2f\"></span>1<span class=\"_ _4\"></span>5, f<span class=\"_ _3\"></span>ees charged for in<span class=\"_ _4\"></span>vestment management services provided in connection<span class=\"_ _36a\"> </span>with inv<span class=\"_ _3\"></span>estment contracts are recognised as rev<span class=\"_ _3\"></span>enue o<span class=\"_ _4\"></span>ver time, as the services are provided.<span class=\"_ _36a\"> </span>Initial f<span class=\"_ _3\"></span>ees which e<span class=\"_ _3\"></span>xceed the le<span class=\"_ _4\"></span>vel of recurring f<span class=\"_ _4\"></span>ees and relate to the future provision <span class=\"_ _3\"></span>of services are<span class=\"_ _36a\"> </span>def<span class=\"_ _3\"></span>erred and amortised <span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>er the anticipated period o<span class=\"_ _3\"></span>ver time in which services will be pro<span class=\"_ _3\"></span>vided.<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "(i) <span class=\"_ _c\"></span>Intangible assets<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>Acquired v<span class=\"_ _4\"></span>alue of in-force business (A<span class=\"_ _4\"></span>VIF)<span class=\"_ _36a\"> </span>Acquired in-f<span class=\"_ _3\"></span>orce inv<span class=\"_ _4\"></span>estment contracts are in respect of investment contracts acquired under<span class=\"_ _36a\"> </span>business combinations and are measured at fair v<span class=\"_ _3\"></span>alue at the time of acquisition.<span class=\"_ _36a\"> </span>The present v<span class=\"_ _3\"></span>alue of in-f<span class=\"_ _4\"></span>orce investment contracts recognised under IFRS 9 is stated at cost<span class=\"_ _36a\"> </span>less accumulated amortisation and impairment losses. <span class=\"_ _2f\"></span>The initial cost is deemed to be the fair v<span class=\"_ _3\"></span>alue of the contractual customer relationships acquired. <span class=\"_ _2f\"></span>The acquired present v<span class=\"_ _4\"></span>alue of the<span class=\"_ _36a\"> </span>in-force in<span class=\"_ _3\"></span>vestment contracts is car<span class=\"_ _3\"></span>ried gross of tax and is amortised against income <span class=\"_ _3\"></span>on a time profile which, it is intended, will broadly match the profile of the underlying <span class=\"_ _3\"></span>emergence of<span class=\"_ _36a\"> </span>profit from the contracts. <span class=\"_ _2f\"></span>The recov<span class=\"_ _3\"></span>erable amount is estimated at <span class=\"_ _3\"></span>each <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date. If the<span class=\"_ _36a\"> </span>recov<span class=\"_ _3\"></span>erable amount is less than the carrying amount, an impairment loss is recognised in the<span class=\"_ _36a\"> </span>Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income and the carrying amount is reduced to its recov<span class=\"_ _3\"></span>erable amount.<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>AVIF relating to the UK has an <span class=\"_ _4\"></span>estimated remaining useful l<span class=\"_ _c\"></span>if<span class=\"_ _4\"></span>e of 28 <span class=\"_ _4\"></span>years, and the <span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>VIF<span class=\"_ _36a\"> </span>relating to Mov<span class=\"_ _3\"></span>estic has an estimated remaining useful lif<span class=\"_ _4\"></span>e of 4 <span class=\"_ _5\"></span>years. A<span class=\"_ _4\"></span>VIF is amortised on an<span class=\"_ _36a\"> </span>annuity basis.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>Acquired value <span class=\"_ _4\"></span>of customer relationships (AV<span class=\"_ _5\"></span>CR)<span class=\"_ _36a\"> </span>The acquired v<span class=\"_ _3\"></span>alue of customer relationships arising from business combinations is measured<span class=\"_ _36a\"> </span>at fair v<span class=\"_ _3\"></span>alue at the time of acquisition. <span class=\"_ _2f\"></span>This comprises the discounted cash flo<span class=\"_ _3\"></span>ws relating to<span class=\"_ _36a\"> </span>new insurance and in<span class=\"_ _3\"></span>vestment contracts which are <span class=\"_ _4\"></span>expected to arise from existing customer<span class=\"_ _36a\"> </span>relationships. <span class=\"_ _2f\"></span>These are carried gross of tax, are amortised in accordance with the <span class=\"_ _3\"></span>expected<span class=\"_ _36a\"> </span>emergence of profit from the ne<span class=\"_ _3\"></span>w contracts and are tested for reco<span class=\"_ _3\"></span>verability if there is an<span class=\"_ _36a\"> </span>indication of impairment.<span class=\"_ _36a\"> </span>A<span class=\"_ _4\"></span>V<span class=\"_ _3\"></span>CR has an estimated remaining useful lif<span class=\"_ _4\"></span>e of 4 <span class=\"_ _4\"></span>years and is amortised based <span class=\"_ _4\"></span>on the pat<span class=\"_ _c\"></span>tern<span class=\"_ _36a\"> </span>of e<span class=\"_ _3\"></span>xpected gross profits on ne<span class=\"_ _4\"></span>w business.<span class=\"_ _36a\"> </span>(iii)  Software assets<span class=\"_ _36a\"> </span>An intangible asset in respect of internal de<span class=\"_ _3\"></span>velopment softw<span class=\"_ _4\"></span>are costs is only recognised if all of<span class=\"_ _36a\"> </span>the follo<span class=\"_ _3\"></span>wing conditions are met: <span class=\"_ _156\"> </span>(i) <span class=\"_ _158\"> </span>an asset is created that can be identified; <span class=\"_ _156\"> </span>(ii) <span class=\"_ _f\"> </span>it is probable that the asset created will generate future economic benefits; and <span class=\"_ _156\"> </span>(iii)  the dev<span class=\"_ _4\"></span>elopment costs of the asset can be measured reliably<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>Where no internally generated intangible asset can be recognised, dev<span class=\"_ _3\"></span>elopment e<span class=\"_ _3\"></span>xpenditure is recognised as an e<span class=\"_ _3\"></span>xpense in the period in which it is incurred. <span class=\"_ _4\"></span>Software assets, including<span class=\"_ _36a\"> </span>internally dev<span class=\"_ _3\"></span>eloped software, are amortised <span class=\"_ _3\"></span>on a straight-line basis o<span class=\"_ _4\"></span>ver their estimated useful<span class=\"_ _36a\"> </span>lif<span class=\"_ _3\"></span>e, which typically varies betw<span class=\"_ _3\"></span>een 3 and 5 <span class=\"_ _4\"></span>years.<span class=\"_ _36a\"> </span> <span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Intangible assets (continued)<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _7\"> </span>Deferred acquisition costs<span class=\"_ _36a\"> </span>Acquisition costs relating to in<span class=\"_ _3\"></span>vestment contracts comprise directly attributable incremental<span class=\"_ _36a\"> </span>acquisition costs, which vary with, and are related to, securing ne<span class=\"_ _3\"></span>w contracts, and are recognised<span class=\"_ _36a\"> </span>as an asset under IFRS 1<span class=\"_ _4\"></span>5 to the e<span class=\"_ _3\"></span>xtent that they represent the contractual right to benefit<span class=\"_ _36a\"> </span>from the provision <span class=\"_ _3\"></span>of inv<span class=\"_ _3\"></span>estment management services. <span class=\"_ _2f\"></span>The asset is presented as a def<span class=\"_ _3\"></span>erred<span class=\"_ _36a\"> </span>acquisition cost asset and is amortised o<span class=\"_ _3\"></span>ver the <span class=\"_ _3\"></span>expected term <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he contract, as the f<span class=\"_ _3\"></span>ees<span class=\"_ _36a\"> </span>relating to the provision <span class=\"_ _3\"></span>of the services are recognised. All <span class=\"_ _4\"></span>other costs are recognised as expenses<span class=\"_ _36a\"> </span>when incurred.<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>erred acquisition costs ha<span class=\"_ _3\"></span>ve an <span class=\"_ _3\"></span>estimated remaining useful lif<span class=\"_ _3\"></span>e of 1<span class=\"_ _4\"></span>6 <span class=\"_ _4\"></span>years and are amortised<span class=\"_ _36a\"> </span>based on the pattern <span class=\"_ _3\"></span>of e<span class=\"_ _3\"></span>xpected gross profits.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-431": {
   "value": "(i) <span class=\"_ _c\"></span>Intangible assets<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>Acquired v<span class=\"_ _4\"></span>alue of in-force business (A<span class=\"_ _4\"></span>VIF)<span class=\"_ _36a\"> </span>Acquired in-f<span class=\"_ _3\"></span>orce inv<span class=\"_ _4\"></span>estment contracts are in respect of investment contracts acquired under<span class=\"_ _36a\"> </span>business combinations and are measured at fair v<span class=\"_ _3\"></span>alue at the time of acquisition.<span class=\"_ _36a\"> </span>The present v<span class=\"_ _3\"></span>alue of in-f<span class=\"_ _4\"></span>orce investment contracts recognised under IFRS 9 is stated at cost<span class=\"_ _36a\"> </span>less accumulated amortisation and impairment losses. <span class=\"_ _2f\"></span>The initial cost is deemed to be the fair v<span class=\"_ _3\"></span>alue of the contractual customer relationships acquired. <span class=\"_ _2f\"></span>The acquired present v<span class=\"_ _4\"></span>alue of the<span class=\"_ _36a\"> </span>in-force in<span class=\"_ _3\"></span>vestment contracts is car<span class=\"_ _3\"></span>ried gross of tax and is amortised against income <span class=\"_ _3\"></span>on a time profile which, it is intended, will broadly match the profile of the underlying <span class=\"_ _3\"></span>emergence of<span class=\"_ _36a\"> </span>profit from the contracts. <span class=\"_ _2f\"></span>The recov<span class=\"_ _3\"></span>erable amount is estimated at <span class=\"_ _3\"></span>each <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date. If the<span class=\"_ _36a\"> </span>recov<span class=\"_ _3\"></span>erable amount is less than the carrying amount, an impairment loss is recognised in the<span class=\"_ _36a\"> </span>Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income and the carrying amount is reduced to its recov<span class=\"_ _3\"></span>erable amount.<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>AVIF relating to the UK has an <span class=\"_ _4\"></span>estimated remaining useful l<span class=\"_ _c\"></span>if<span class=\"_ _4\"></span>e of 28 <span class=\"_ _4\"></span>years, and the <span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>VIF<span class=\"_ _36a\"> </span>relating to Mov<span class=\"_ _3\"></span>estic has an estimated remaining useful lif<span class=\"_ _4\"></span>e of 4 <span class=\"_ _5\"></span>years. A<span class=\"_ _4\"></span>VIF is amortised on an<span class=\"_ _36a\"> </span>annuity basis.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>Acquired value <span class=\"_ _4\"></span>of customer relationships (AV<span class=\"_ _5\"></span>CR)<span class=\"_ _36a\"> </span>The acquired v<span class=\"_ _3\"></span>alue of customer relationships arising from business combinations is measured<span class=\"_ _36a\"> </span>at fair v<span class=\"_ _3\"></span>alue at the time of acquisition. <span class=\"_ _2f\"></span>This comprises the discounted cash flo<span class=\"_ _3\"></span>ws relating to<span class=\"_ _36a\"> </span>new insurance and in<span class=\"_ _3\"></span>vestment contracts which are <span class=\"_ _4\"></span>expected to arise from existing customer<span class=\"_ _36a\"> </span>relationships. <span class=\"_ _2f\"></span>These are carried gross of tax, are amortised in accordance with the <span class=\"_ _3\"></span>expected<span class=\"_ _36a\"> </span>emergence of profit from the ne<span class=\"_ _3\"></span>w contracts and are tested for reco<span class=\"_ _3\"></span>verability if there is an<span class=\"_ _36a\"> </span>indication of impairment.<span class=\"_ _36a\"> </span>A<span class=\"_ _4\"></span>V<span class=\"_ _3\"></span>CR has an estimated remaining useful lif<span class=\"_ _4\"></span>e of 4 <span class=\"_ _4\"></span>years and is amortised based <span class=\"_ _4\"></span>on the pat<span class=\"_ _c\"></span>tern<span class=\"_ _36a\"> </span>of e<span class=\"_ _3\"></span>xpected gross profits on ne<span class=\"_ _4\"></span>w business.<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": " <span class=\"_ _f\"> </span>(f) <span class=\"_ _6\"></span>Other operating expenses<span class=\"_ _36a\"> </span>Actual incur<span class=\"_ _3\"></span>red e<span class=\"_ _3\"></span>xpenses within the Group are assessed according to the Group\u2019<span class=\"_ _5\"></span>s guidelines to consider whether they are attributable to fulfilling insurance contracts and those meeting this<span class=\"_ _36a\"> </span>requirement are reported as \u2018insurance service e<span class=\"_ _3\"></span>xpenses<span class=\"_ _4\"></span>\u2019<span class=\"_ _5\"></span>. As part <span class=\"_ _3\"></span>of this assessment, the eligible<span class=\"_ _36a\"> </span>expenses are apportioned betw<span class=\"_ _3\"></span>een inv<span class=\"_ _3\"></span>estment and insurance contracts on a sy<span class=\"_ _4\"></span>stematic and rational<span class=\"_ _36a\"> </span>basis. Certain e<span class=\"_ _3\"></span>xpenses such as project e<span class=\"_ _4\"></span>xpenses and one-off expenses are considered to be<span class=\"_ _36a\"> </span>non-attributable and are therefore <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>cluded from the apportionment and directly allocated to \u2018<span class=\"_ _4\"></span>other<span class=\"_ _36a\"> </span>operating e<span class=\"_ _3\"></span>xpenses<span class=\"_ _3\"></span>\u2019<span class=\"_ _2f\"></span>. <span class=\"_ _5\"></span>The \u2018<span class=\"_ _5\"></span>other operating e<span class=\"_ _3\"></span>xpenses<span class=\"_ _3\"></span>\u2019 therefore include all <span class=\"_ _3\"></span>expenses that are not<span class=\"_ _36a\"> </span>attributable to insurance contracts, as they are <span class=\"_ _3\"></span>either not eligible <span class=\"_ _3\"></span>or hav<span class=\"_ _3\"></span>e been apportioned to<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment contracts.<span class=\"_ _36a\"> </span>Operating lease payments<span class=\"_ _36a\"> </span>Under IFRS <span class=\"_ _2f\"></span>1<span class=\"_ _4\"></span>6, the deprecation of right-of-use assets is recognised in the <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>Income as an administration e<span class=\"_ _3\"></span>xpense. P<span class=\"_ _3\"></span>ayments made in relation to lease commitments are<span class=\"_ _36a\"> </span>reflected in the <span class=\"_ _3\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition as a reduction to the corresponding lease liability<span class=\"_ _5\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": " <span class=\"_ _7\"> </span>(g) <span class=\"_ _6\"></span>Financing costs<span class=\"_ _36a\"> </span>Financing costs comprise interest pay<span class=\"_ _3\"></span>able on bor<span class=\"_ _3\"></span>rowings and <span class=\"_ _3\"></span>on reinsurance claims deposits included<span class=\"_ _36a\"> </span>within reinsurance pay<span class=\"_ _3\"></span>ables, calculated using the eff<span class=\"_ _4\"></span>ective interest rate method. Under IFRS 1<span class=\"_ _4\"></span>6,<span class=\"_ _36a\"> </span>interest on lease liabilities is recognised in the <span class=\"_ _4\"></span>Statement of Comprehensive Income as finance costs.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-429": {
   "value": " <span class=\"_ _7\"> </span>(g) <span class=\"_ _6\"></span>Financing costs<span class=\"_ _36a\"> </span>Financing costs comprise interest pay<span class=\"_ _3\"></span>able on bor<span class=\"_ _3\"></span>rowings and <span class=\"_ _3\"></span>on reinsurance claims deposits included<span class=\"_ _36a\"> </span>within reinsurance pay<span class=\"_ _3\"></span>ables, calculated using the eff<span class=\"_ _4\"></span>ective interest rate method. Under IFRS 1<span class=\"_ _4\"></span>6,<span class=\"_ _36a\"> </span>interest on lease liabilities is recognised in the <span class=\"_ _4\"></span>Statement of Comprehensive Income as finance costs.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": " <span class=\"_ _7\"> </span>(h) <span class=\"_ _6\"></span>Income taxes<span class=\"_ _36a\"> </span>Income tax on the profit <span class=\"_ _3\"></span>or loss for the <span class=\"_ _5\"></span>year comprises current and def<span class=\"_ _4\"></span>erred tax and is recognised in the Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income. <span class=\"_ _2f\"></span>T<span class=\"_ _4\"></span>ax that relates directly to transactions<span class=\"_ _36a\"> </span>reflected within equity is also presented within <span class=\"_ _3\"></span>equity<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>Current tax<span class=\"_ _36a\"> </span>Current tax is the e<span class=\"_ _4\"></span>xpected tax payable <span class=\"_ _3\"></span>on the taxable income for the <span class=\"_ _5\"></span>year<span class=\"_ _4\"></span>, using tax rates enacted<span class=\"_ _36a\"> </span>or substantively <span class=\"_ _3\"></span>enacted at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date, and any adjustment to tax pay<span class=\"_ _3\"></span>able in respect of<span class=\"_ _36a\"> </span>previous y<span class=\"_ _3\"></span>ears.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>Defer<span class=\"_ _3\"></span>red tax<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>erred tax is recognised to pro<span class=\"_ _3\"></span>vide for taxable temporary diff<span class=\"_ _4\"></span>erences between the carrying<span class=\"_ _36a\"> </span>amounts of assets and liabilities f<span class=\"_ _3\"></span>or financial reporting purposes and the amounts used for<span class=\"_ _36a\"> </span>taxation purposes. <span class=\"_ _2f\"></span>The amount of def<span class=\"_ _4\"></span>erred tax provided is based <span class=\"_ _3\"></span>on the e<span class=\"_ _3\"></span>xpected manner of<span class=\"_ _36a\"> </span>realisation or settlement <span class=\"_ _3\"></span>of the carrying amount of assets and liabilities, using tax rates<span class=\"_ _36a\"> </span>enacted or substantiv<span class=\"_ _3\"></span>ely enacted at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date.<span class=\"_ _36a\"> </span>A def<span class=\"_ _3\"></span>erred tax asset is recognised <span class=\"_ _3\"></span>only to the e<span class=\"_ _3\"></span>xtent that it is probable that future taxable profits<span class=\"_ _36a\"> </span>will be av<span class=\"_ _3\"></span>ailable against which the asset can be utilised. Def<span class=\"_ _3\"></span>erred tax assets are reduced to<span class=\"_ _36a\"> </span>the e<span class=\"_ _3\"></span>xtent that it is no longer probable that the related tax benefit will be realised.<span class=\"_ _36a\"> </span>In accordance with IAS 1<span class=\"_ _4\"></span>2, def<span class=\"_ _3\"></span>erred tax assets and def<span class=\"_ _4\"></span>erred tax liabilities arising from different<span class=\"_ _36a\"> </span>tax jurisdictions in which the Group operates are not <span class=\"_ _3\"></span>offset against each <span class=\"_ _3\"></span>other<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>(iii)  P<span class=\"_ _4\"></span>olicyholders\u2019 fund <span class=\"_ _5\"></span>yield tax<span class=\"_ _36a\"> </span>Certain of the Group\u2019<span class=\"_ _2f\"></span>s policyholders wit<span class=\"_ _c\"></span>hin the <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>edish business are subject to a <span class=\"_ _4\"></span>yield tax which<span class=\"_ _36a\"> </span>is calculated based on an <span class=\"_ _3\"></span>estimate of the in<span class=\"_ _3\"></span>vestment return <span class=\"_ _4\"></span>on underlying investments within<span class=\"_ _36a\"> </span>their unitised funds. <span class=\"_ _2f\"></span>The Group is under an obligation to deduct the <span class=\"_ _5\"></span>yield tax from the policyholders\u2019<span class=\"_ _36a\"> </span>unitised funds and to remit these deductions to the tax authorities. <span class=\"_ _2f\"></span>The remittance of this tax payment is included in <span class=\"_ _3\"></span>other operating <span class=\"_ _3\"></span>expenses as it does not comprise a tax charge <span class=\"_ _4\"></span>on<span class=\"_ _36a\"> </span>Group profits.<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _7\"> </span>UK policyholder tax<span class=\"_ _36a\"> </span>In addition to paying tax <span class=\"_ _3\"></span>on shareholders<span class=\"_ _3\"></span>\u2019 profits, UK lif<span class=\"_ _4\"></span>e businesses pay tax on policyholders<span class=\"_ _4\"></span>\u2019<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment returns on certain lif<span class=\"_ _4\"></span>e assurance products at policyholder tax rates. Both types of tax are included in the total income tax e<span class=\"_ _3\"></span>xpense in the Group\u2019<span class=\"_ _5\"></span>s consolidated statement of<span class=\"_ _36a\"> </span>comprehensive income.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "(iii)  Software assets<span class=\"_ _36a\"> </span>An intangible asset in respect of internal de<span class=\"_ _3\"></span>velopment softw<span class=\"_ _4\"></span>are costs is only recognised if all of<span class=\"_ _36a\"> </span>the follo<span class=\"_ _3\"></span>wing conditions are met: <span class=\"_ _156\"> </span>(i) <span class=\"_ _158\"> </span>an asset is created that can be identified; <span class=\"_ _156\"> </span>(ii) <span class=\"_ _f\"> </span>it is probable that the asset created will generate future economic benefits; and <span class=\"_ _156\"> </span>(iii)  the dev<span class=\"_ _4\"></span>elopment costs of the asset can be measured reliably<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>Where no internally generated intangible asset can be recognised, dev<span class=\"_ _3\"></span>elopment e<span class=\"_ _3\"></span>xpenditure is recognised as an e<span class=\"_ _3\"></span>xpense in the period in which it is incurred. <span class=\"_ _4\"></span>Software assets, including<span class=\"_ _36a\"> </span>internally dev<span class=\"_ _3\"></span>eloped software, are amortised <span class=\"_ _3\"></span>on a straight-line basis o<span class=\"_ _4\"></span>ver their estimated useful<span class=\"_ _36a\"> </span>lif<span class=\"_ _3\"></span>e, which typically varies betw<span class=\"_ _3\"></span>een 3 and 5 <span class=\"_ _4\"></span>years.<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _7\"> </span>Deferred acquisition costs<span class=\"_ _36a\"> </span>Acquisition costs relating to in<span class=\"_ _3\"></span>vestment contracts comprise directly attributable incremental<span class=\"_ _36a\"> </span>acquisition costs, which vary with, and are related to, securing ne<span class=\"_ _3\"></span>w contracts, and are recognised<span class=\"_ _36a\"> </span>as an asset under IFRS 1<span class=\"_ _4\"></span>5 to the e<span class=\"_ _3\"></span>xtent that they represent the contractual right to benefit<span class=\"_ _36a\"> </span>from the provision <span class=\"_ _3\"></span>of inv<span class=\"_ _3\"></span>estment management services. <span class=\"_ _2f\"></span>The asset is presented as a def<span class=\"_ _3\"></span>erred<span class=\"_ _36a\"> </span>acquisition cost asset and is amortised o<span class=\"_ _3\"></span>ver the <span class=\"_ _3\"></span>expected term <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he contract, as the f<span class=\"_ _3\"></span>ees<span class=\"_ _36a\"> </span>relating to the provision <span class=\"_ _3\"></span>of the services are recognised. All <span class=\"_ _4\"></span>other costs are recognised as expenses<span class=\"_ _36a\"> </span>when incurred.<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>erred acquisition costs ha<span class=\"_ _3\"></span>ve an <span class=\"_ _3\"></span>estimated remaining useful lif<span class=\"_ _3\"></span>e of 1<span class=\"_ _4\"></span>6 <span class=\"_ _4\"></span>years and are amortised<span class=\"_ _36a\"> </span>based on the pattern <span class=\"_ _3\"></span>of e<span class=\"_ _3\"></span>xpected gross profits.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-430": {
   "value": "(ii) <span class=\"_ _f\"> </span>Defer<span class=\"_ _3\"></span>red tax<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>erred tax is recognised to pro<span class=\"_ _3\"></span>vide for taxable temporary diff<span class=\"_ _4\"></span>erences between the carrying<span class=\"_ _36a\"> </span>amounts of assets and liabilities f<span class=\"_ _3\"></span>or financial reporting purposes and the amounts used for<span class=\"_ _36a\"> </span>taxation purposes. <span class=\"_ _2f\"></span>The amount of def<span class=\"_ _4\"></span>erred tax provided is based <span class=\"_ _3\"></span>on the e<span class=\"_ _3\"></span>xpected manner of<span class=\"_ _36a\"> </span>realisation or settlement <span class=\"_ _3\"></span>of the carrying amount of assets and liabilities, using tax rates<span class=\"_ _36a\"> </span>enacted or substantiv<span class=\"_ _3\"></span>ely enacted at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date.<span class=\"_ _36a\"> </span>A def<span class=\"_ _3\"></span>erred tax asset is recognised <span class=\"_ _3\"></span>only to the e<span class=\"_ _3\"></span>xtent that it is probable that future taxable profits<span class=\"_ _36a\"> </span>will be av<span class=\"_ _3\"></span>ailable against which the asset can be utilised. Def<span class=\"_ _3\"></span>erred tax assets are reduced to<span class=\"_ _36a\"> </span>the e<span class=\"_ _3\"></span>xtent that it is no longer probable that the related tax benefit will be realised.<span class=\"_ _36a\"> </span>In accordance with IAS 1<span class=\"_ _4\"></span>2, def<span class=\"_ _3\"></span>erred tax assets and def<span class=\"_ _4\"></span>erred tax liabilities arising from different<span class=\"_ _36a\"> </span>tax jurisdictions in which the Group operates are not <span class=\"_ _3\"></span>offset against each <span class=\"_ _3\"></span>other<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-432": {
   "value": "(iv) <span class=\"_ _7\"> </span>Deferred acquisition costs<span class=\"_ _36a\"> </span>Acquisition costs relating to in<span class=\"_ _3\"></span>vestment contracts comprise directly attributable incremental<span class=\"_ _36a\"> </span>acquisition costs, which vary with, and are related to, securing ne<span class=\"_ _3\"></span>w contracts, and are recognised<span class=\"_ _36a\"> </span>as an asset under IFRS 1<span class=\"_ _4\"></span>5 to the e<span class=\"_ _3\"></span>xtent that they represent the contractual right to benefit<span class=\"_ _36a\"> </span>from the provision <span class=\"_ _3\"></span>of inv<span class=\"_ _3\"></span>estment management services. <span class=\"_ _2f\"></span>The asset is presented as a def<span class=\"_ _3\"></span>erred<span class=\"_ _36a\"> </span>acquisition cost asset and is amortised o<span class=\"_ _3\"></span>ver the <span class=\"_ _3\"></span>expected term <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he contract, as the f<span class=\"_ _3\"></span>ees<span class=\"_ _36a\"> </span>relating to the provision <span class=\"_ _3\"></span>of the services are recognised. All <span class=\"_ _4\"></span>other costs are recognised as expenses<span class=\"_ _36a\"> </span>when incurred.<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>erred acquisition costs ha<span class=\"_ _3\"></span>ve an <span class=\"_ _3\"></span>estimated remaining useful lif<span class=\"_ _3\"></span>e of 1<span class=\"_ _4\"></span>6 <span class=\"_ _4\"></span>years and are amortised<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredAcquisitionCostsArisingFromInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "(l) <span class=\"_ _c\"></span>Financial investments,<span class=\"_ _3\"></span> assets and liabilities<span class=\"_ _36a\"> </span>IFRS 9 requires financial in<span class=\"_ _3\"></span>vestments to be classified into measurement categories using the<span class=\"_ _36a\"> </span>\u2018business model\u2019 test and the \u2018solely payment <span class=\"_ _3\"></span>of principal and interest\u2019 test. <span class=\"_ _2f\"></span>The measurement<span class=\"_ _36a\"> </span>categories under IFRS 9 are:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>Amortised Cost (AC);<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>Fair <span class=\"_ _5\"></span>Value <span class=\"_ _2f\"></span>Through Other Comprehensiv<span class=\"_ _3\"></span>e Income (FVOCI); and<span class=\"_ _36a\"> </span>(iii)  Fair <span class=\"_ _5\"></span>V<span class=\"_ _4\"></span>alue <span class=\"_ _5\"></span>Through Profit <span class=\"_ _3\"></span>or Loss (FVTPL).<span class=\"_ _36a\"> </span>IFRS 9 also permits the application <span class=\"_ _3\"></span>of a \u2018fair v<span class=\"_ _3\"></span>alue option<span class=\"_ _4\"></span>\u2019 in instances where the outcome <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>business model and <span class=\"_ _3\"></span>SPPI tests would lead to a classification <span class=\"_ _3\"></span>of financial assets that would result in an accounting mismatch with the corresponding liabilities.<span class=\"_ _36a\"> </span>The Group has accordingly classified all financial assets held f<span class=\"_ _3\"></span>or inv<span class=\"_ _3\"></span>estment purposes and derivativ<span class=\"_ _4\"></span>e<span class=\"_ _36a\"> </span>financial instruments as FVTPL <span class=\"_ _3\"></span>either mandatorily as a result of the business model and <span class=\"_ _4\"></span>SPPI tests<span class=\"_ _36a\"> </span>or has designated as FVTPL as permitted by the \u2018f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>option<span class=\"_ _4\"></span>\u2019<span class=\"_ _5\"></span>. <span class=\"_ _2f\"></span>The fair values <span class=\"_ _4\"></span>of financial assets<span class=\"_ _36a\"> </span>quoted in an active mark<span class=\"_ _3\"></span>et are their bid prices at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date.<span class=\"_ _36a\"> </span>Asset groups to which the f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>option has been applied are debt securities, the mortgage loan<span class=\"_ _36a\"> </span>portfolio and cash and cash <span class=\"_ _3\"></span>equivalents. <span class=\"_ _2f\"></span>The mortgage loan portf<span class=\"_ _3\"></span>olio includes the savings mortgage<span class=\"_ _36a\"> </span>books for <span class=\"_ _4\"></span>Argenta which encompass both insurance and investment components. <span class=\"_ _4\"></span>As a separate<span class=\"_ _36a\"> </span>contractional relationship e<span class=\"_ _3\"></span>xists, the mortgage assets are accounted for separately to the liabilities.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or the liabilities, the inv<span class=\"_ _3\"></span>estment component and the insurance component are not separated but<span class=\"_ _36a\"> </span>accounted for as a single unit <span class=\"_ _3\"></span>of account.<span class=\"_ _36a\"> </span>The present v<span class=\"_ _3\"></span>alue of the insurance liabilities associated with the mortgage loan and debt securities<span class=\"_ _36a\"> </span>are strongly dependent on discount rates sourced from mark<span class=\"_ _3\"></span>et data and therefore a classification<span class=\"_ _36a\"> </span>of AC f<span class=\"_ _4\"></span>or these assets would lead to a large mismatch with the<span class=\"_ _3\"></span> insura<span class=\"_ _3\"></span>nce liab<span class=\"_ _3\"></span>ility<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estments in subsidiaries are carried in the Company <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition at cost less<span class=\"_ _36a\"> </span>impairment and all short-term receivables are classified as <span class=\"_ _4\"></span>AC.<span class=\"_ _36a\"> </span>Financial assets are derecognised when contractual rights to receive cash flo<span class=\"_ _4\"></span>ws from the financial<span class=\"_ _36a\"> </span>assets e<span class=\"_ _3\"></span>xpire, or where the financial assets ha<span class=\"_ _3\"></span>ve been transf<span class=\"_ _4\"></span>erred together with substantially all<span class=\"_ _36a\"> </span>the risks and rew<span class=\"_ _3\"></span>ards of <span class=\"_ _3\"></span>ownership.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "<span class=\"_ _b\"> </span>(j) <span class=\"_ _c\"></span>Property and equipment<span class=\"_ _36a\"> </span>Items of property and <span class=\"_ _3\"></span>equipment are stated at cost less accumulated depreciation and impairment losses.<span class=\"_ _36a\"> </span>Depreciation is charged to the Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income on a straight-line<span class=\"_ _36a\"> </span>basis o<span class=\"_ _3\"></span>ver the <span class=\"_ _3\"></span>estimated useful economic liv<span class=\"_ _4\"></span>es of the property and equipment on the f<span class=\"_ _4\"></span>ollowing basis:<span class=\"_ _36a\"> </span>Computers and similar equipment <span class=\"_ _138\"> </span>3 to 5 <span class=\"_ _5\"></span>years<span class=\"_ _36a\"> </span>Fixtures and other equipment <span class=\"_ _3a\"> </span>5 <span class=\"_ _5\"></span>years<span class=\"_ _36a\"> </span>Assets held under leases, as right-of-use assets, are depreciated <span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>er their useful economic liv<span class=\"_ _3\"></span>es<span class=\"_ _36a\"> </span>on the same basis as o<span class=\"_ _3\"></span>wned assets, or where shorter<span class=\"_ _5\"></span>, ov<span class=\"_ _4\"></span>er the term of the relevant lease. <span class=\"_ _9\"></span>These<span class=\"_ _36a\"> </span>include office buildings, <span class=\"_ _3\"></span>office and IT equipment and motor v<span class=\"_ _3\"></span>ehicles.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-433": {
   "value": "Depreciation is charged to the Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income on a straight-line<span class=\"_ _36a\"> </span>basis o<span class=\"_ _3\"></span>ver the <span class=\"_ _3\"></span>estimated useful economic liv<span class=\"_ _4\"></span>es of the property and equipment on the f<span class=\"_ _4\"></span>ollowing basis:<span class=\"_ _36a\"> </span>Computers and similar equipment <span class=\"_ _138\"> </span>3 to 5 <span class=\"_ _5\"></span>years<span class=\"_ _36a\"> </span>Fixtures and other equipment <span class=\"_ _3a\"> </span>5 <span class=\"_ _5\"></span>years<span class=\"_ _36a\"> </span>Assets held under leases, as right-of-use assets, are depreciated <span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>er their useful economic liv<span class=\"_ _3\"></span>es<span class=\"_ _36a\"> </span>on the same basis as o<span class=\"_ _3\"></span>wned assets, or where shorter<span class=\"_ _5\"></span>, ov<span class=\"_ _4\"></span>er the term of the relevant lease. <span class=\"_ _9\"></span>These<span class=\"_ _36a\"> </span>include office buildings, <span class=\"_ _3\"></span>office and IT equipment and motor v<span class=\"_ _3\"></span>ehicles.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "  (k) <span class=\"_ _6\"></span>In<span class=\"_ _3\"></span>vestment pr<span class=\"_ _4\"></span>operties<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment properties consist of properties held in the Unit-Link<span class=\"_ _3\"></span>ed Property In<span class=\"_ _4\"></span>vestment F<span class=\"_ _4\"></span>und and<span class=\"_ _36a\"> </span>SIPP Commercial Property (Directly Held) in <span class=\"_ _3\"></span>our UK division, as described below<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>Unit-Linked P<span class=\"_ _3\"></span>roperty Inv<span class=\"_ _4\"></span>estment Fund<span class=\"_ _36a\"> </span>The properties held in the unit-link<span class=\"_ _3\"></span>ed property fund are valued <span class=\"_ _3\"></span>on a monthly basis by J<span class=\"_ _3\"></span>ones Lang<span class=\"_ _36a\"> </span>Lasalle (JLL), an independent property valuer<span class=\"_ _5\"></span>, on an open-mark<span class=\"_ _4\"></span>et basis. <span class=\"_ _5\"></span>Their valuation is prepared<span class=\"_ _36a\"> </span>in accordance with the Practice <span class=\"_ _4\"></span>Statements in the RICS Appraisal and <span class=\"_ _5\"></span>Valuation <span class=\"_ _4\"></span>Standards (5th Edition).<span class=\"_ _36a\"> </span>The properties are measured initially at cost. <span class=\"_ _2f\"></span>The carrying amount includes the cost <span class=\"_ _3\"></span>of replacing part<span class=\"_ _36a\"> </span>of an e<span class=\"_ _3\"></span>xisting property at the time that cost is incurred if the recognition criteria are met; and e<span class=\"_ _4\"></span>xcludes<span class=\"_ _36a\"> </span>the costs of da<span class=\"_ _3\"></span>y-to-da<span class=\"_ _3\"></span>y servicing of a property<span class=\"_ _5\"></span>. Subsequent to initial recognition, properties are<span class=\"_ _36a\"> </span>stated at fair v<span class=\"_ _3\"></span>alue, which reflects market conditions at the reporting date. Gains <span class=\"_ _3\"></span>or losses arising<span class=\"_ _36a\"> </span>from changes in the fair v<span class=\"_ _3\"></span>alues of properties are included within in<span class=\"_ _3\"></span>vestment income in the <span class=\"_ _4\"></span>Statement<span class=\"_ _36a\"> </span>of Comprehensive Income in the <span class=\"_ _5\"></span>year in which they arise. R<span class=\"_ _4\"></span>ental income from investment property<span class=\"_ _36a\"> </span>is accounted for as described in <span class=\"_ _4\"></span>Accounting P<span class=\"_ _4\"></span>olicy (l).<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue is the price that would be receiv<span class=\"_ _3\"></span>ed to sell an asset or paid to transf<span class=\"_ _4\"></span>er a liability in an orderly<span class=\"_ _36a\"> </span>transaction between mark<span class=\"_ _3\"></span>et participants at the measurement date.<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue is understood as the value <span class=\"_ _3\"></span>of a property estimated without regard to costs <span class=\"_ _4\"></span>of sale or<span class=\"_ _36a\"> </span>purchase, and without offset f<span class=\"_ _3\"></span>or any associated tax<span class=\"_ _3\"></span>es. All such v<span class=\"_ _4\"></span>aluations are prepared and expressed<span class=\"_ _36a\"> </span>ex<span class=\"_ _3\"></span>clusive <span class=\"_ _4\"></span>of <span class=\"_ _4\"></span>VA<span class=\"_ _5\"></span>T payments, unless otherwise stated.<span class=\"_ _36a\"> </span>The properties are derecognised <span class=\"_ _3\"></span>either when they ha<span class=\"_ _3\"></span>ve been disposed <span class=\"_ _3\"></span>of<span class=\"_ _4\"></span>, or when the inv<span class=\"_ _4\"></span>estment<span class=\"_ _36a\"> </span>property is permanently withdrawn from use and no future <span class=\"_ _4\"></span>economic benefit is expected from its<span class=\"_ _36a\"> </span>disposal. An<span class=\"_ _4\"></span>y gains or losses on the retirement or disposal <span class=\"_ _4\"></span>of an investment property are recognised<span class=\"_ _36a\"> </span>within inv<span class=\"_ _3\"></span>estment income in the <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _4\"></span>e Income in the <span class=\"_ _4\"></span>year of retirement or disposal.<span class=\"_ _36a\"> </span>SIPP Commercial Property (Directly Held)<span class=\"_ _36a\"> </span>The self-in<span class=\"_ _3\"></span>vested fund properties are initially recorded at purchase price and then v<span class=\"_ _3\"></span>alued triennially<span class=\"_ _4\"></span>, by an independent prof<span class=\"_ _4\"></span>essional valuer<span class=\"_ _5\"></span>, on an open market basis, using v<span class=\"_ _4\"></span>aluation models<span class=\"_ _36a\"> </span>in accordance with the Practice <span class=\"_ _4\"></span>Statements in the RICS Appraisal and <span class=\"_ _5\"></span>Valuation <span class=\"_ _4\"></span>Standards (5th<span class=\"_ _36a\"> </span>Edition). <span class=\"_ _2f\"></span>The portfolio is re<span class=\"_ _3\"></span>valued annually using an inde<span class=\"_ _3\"></span>x valuation <span class=\"_ _3\"></span>on each property<span class=\"_ _5\"></span>. Any funds in<span class=\"_ _36a\"> </span>receipt of the sale <span class=\"_ _3\"></span>of the property are for the benefit <span class=\"_ _3\"></span>of the respective pension fund members.<span class=\"_ _36a\"> </span>Changes in the valuation <span class=\"_ _3\"></span>of the self-inv<span class=\"_ _3\"></span>ested fund properties are recognised within the <span class=\"_ _3\"></span>Statement<span class=\"_ _36a\"> </span>of Comprehensive Income.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "Financial liabilities<span class=\"_ _36a\"> </span>\u2018Investment contract liabilities<span class=\"_ _4\"></span>\u2019 and \u2018Liabilities relating to policyholder funds held by the Group\u2019 are<span class=\"_ _36a\"> </span>designated as FVTPL, since the liabilities are managed together with the inv<span class=\"_ _3\"></span>estment assets on a<span class=\"_ _36a\"> </span>fair v<span class=\"_ _3\"></span>alue basis as part of the documented risk management strategy<span class=\"_ _5\"></span>. Purchases and sales of \u2018regular<span class=\"_ _36a\"> </span>wa<span class=\"_ _3\"></span>y\u2019 financial assets are recognised on the trade date, which is when the Group commits to<span class=\"_ _36a\"> </span>purchase, or sell, the assets.<span class=\"_ _36a\"> </span>Borro<span class=\"_ _4\"></span>wings and short-term payables are classified as <span class=\"_ _3\"></span>AC.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": " <span class=\"_ _2f\"></span>(m) <span class=\"_ _6\"></span>Impairment and expect<span class=\"_ _4\"></span>ed credit loss pro<span class=\"_ _4\"></span>visioning<span class=\"_ _36a\"> </span>IFRS 9 utilises a f<span class=\"_ _3\"></span>orward-looking <span class=\"_ _3\"></span>expected credit loss (ECL) impairment model which applies to<span class=\"_ _36a\"> </span>financial assets measured at amortised cost, debt inv<span class=\"_ _3\"></span>estments at FVOCI and lease receiv<span class=\"_ _3\"></span>ables.<span class=\"_ _36a\"> </span>As stated abo<span class=\"_ _3\"></span>ve, f<span class=\"_ _3\"></span>or the Group all financial assets held for in<span class=\"_ _3\"></span>vestment purposes are classified as<span class=\"_ _36a\"> </span>FVTPL. Financial assets that are subject to ECL provisioning are limited to short-term receiv<span class=\"_ _3\"></span>ables<span class=\"_ _36a\"> </span>only<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>The simplified approach under IFRS 9 has been applied in assessing full lif<span class=\"_ _4\"></span>etime loss provisions<span class=\"_ _36a\"> </span>for these assets. Due to the short-term nature <span class=\"_ _4\"></span>of these instruments and the minimal historical<span class=\"_ _36a\"> </span>losses on these asset classes, the resulting pro<span class=\"_ _3\"></span>visions that would be required are not considered<span class=\"_ _36a\"> </span>to be material and therefore no pro<span class=\"_ _3\"></span>vision is made.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-434": {
   "value": " <span class=\"_ _2f\"></span>(m) <span class=\"_ _6\"></span>Impairment and expect<span class=\"_ _4\"></span>ed credit loss pro<span class=\"_ _4\"></span>visioning<span class=\"_ _36a\"> </span>IFRS 9 utilises a f<span class=\"_ _3\"></span>orward-looking <span class=\"_ _3\"></span>expected credit loss (ECL) impairment model which applies to<span class=\"_ _36a\"> </span>financial assets measured at amortised cost, debt inv<span class=\"_ _3\"></span>estments at FVOCI and lease receiv<span class=\"_ _3\"></span>ables.<span class=\"_ _36a\"> </span>As stated abo<span class=\"_ _3\"></span>ve, f<span class=\"_ _3\"></span>or the Group all financial assets held for in<span class=\"_ _3\"></span>vestment purposes are classified as<span class=\"_ _36a\"> </span>FVTPL. Financial assets that are subject to ECL provisioning are limited to short-term receiv<span class=\"_ _3\"></span>ables<span class=\"_ _36a\"> </span>only<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>The simplified approach under IFRS 9 has been applied in assessing full lif<span class=\"_ _4\"></span>etime loss provisions<span class=\"_ _36a\"> </span>for these assets. Due to the short-term nature <span class=\"_ _4\"></span>of these instruments and the minimal historical<span class=\"_ _36a\"> </span>losses on these asset classes, the resulting pro<span class=\"_ _3\"></span>visions that would be required are not considered<span class=\"_ _36a\"> </span>to be material and therefore no pro<span class=\"_ _3\"></span>vision is made.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": " <span class=\"_ _7\"> </span>(q) <span class=\"_ _6\"></span>Cash and cash equivalents<span class=\"_ _36a\"> </span>Cash and cash equiv<span class=\"_ _3\"></span>alents include cash in hand, deposits held at call with banks and other short-term<span class=\"_ _36a\"> </span>highly liquid inv<span class=\"_ _3\"></span>estments. Highly liquid is defined as having a short maturity <span class=\"_ _4\"></span>of 3 months or less at<span class=\"_ _36a\"> </span>their acquisition.<span class=\"_ _36a\"> </span>Operating activities cash flows include loans and financial in<span class=\"_ _3\"></span>vestments. <span class=\"_ _2f\"></span>The purchases are funded<span class=\"_ _36a\"> </span>from cash flows associated with the <span class=\"_ _3\"></span>origination of insurance and in<span class=\"_ _3\"></span>vestment contracts, net <span class=\"_ _4\"></span>of<span class=\"_ _36a\"> </span>payments <span class=\"_ _3\"></span>of related benefits and claims. <span class=\"_ _2f\"></span>This is due to the cash receipts and payments made <span class=\"_ _3\"></span>on<span class=\"_ _36a\"> </span>behalf of the customers f<span class=\"_ _3\"></span>or which their funds are held by the <span class=\"_ _3\"></span>entity<span class=\"_ _4\"></span>. Dividends and interest received<span class=\"_ _36a\"> </span>from the financial inv<span class=\"_ _3\"></span>estments are captured within the operating activities.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>esting activities cash flows include cash pa<span class=\"_ _3\"></span>yments to acquire property<span class=\"_ _4\"></span>, plant and equipment,<span class=\"_ _36a\"> </span>intangibles, and other long-term assets. <span class=\"_ _2f\"></span>These pa<span class=\"_ _3\"></span>yments include those relating to capitalised<span class=\"_ _36a\"> </span>dev<span class=\"_ _3\"></span>elopment costs.<span class=\"_ _36a\"> </span>Financing activities cash flows include cash proceeds from issuing share capital, cash pa<span class=\"_ _3\"></span>yments to<span class=\"_ _36a\"> </span>owners to acquire <span class=\"_ _3\"></span>or redeem the entity\u2019<span class=\"_ _2f\"></span>s shares, cash repayments of amounts borro<span class=\"_ _3\"></span>wed, cash<span class=\"_ _36a\"> </span>payments b<span class=\"_ _3\"></span>y a lessee for the reduction <span class=\"_ _3\"></span>of the outstanding liability relating to a finance lease, dividends<span class=\"_ _36a\"> </span>paid out to shareholders, and interest paid <span class=\"_ _3\"></span>on the borro<span class=\"_ _3\"></span>wings.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-25": {
   "value": " <span class=\"_ _d\"> </span>(r) <span class=\"_ _6\"></span>Other pro<span class=\"_ _3\"></span>visions<span class=\"_ _36a\"> </span>Pro<span class=\"_ _3\"></span>visions are recognised when the Group has a present, legal or constr<span class=\"_ _3\"></span>uctive <span class=\"_ _3\"></span>obligation as a result<span class=\"_ _36a\"> </span>of past e<span class=\"_ _3\"></span>vents such that it is probable that an <span class=\"_ _3\"></span>outflow <span class=\"_ _4\"></span>of economic benefits will be required to<span class=\"_ _36a\"> </span>settle the obligation and a reliable <span class=\"_ _3\"></span>estimate of the amount <span class=\"_ _3\"></span>of the obligation can be made. <span class=\"_ _2f\"></span>Where the<span class=\"_ _36a\"> </span>eff<span class=\"_ _3\"></span>ect of the time v<span class=\"_ _3\"></span>alue of mone<span class=\"_ _4\"></span>y is material, the amount of the provision is the present value <span class=\"_ _4\"></span>of<span class=\"_ _36a\"> </span>the e<span class=\"_ _3\"></span>xpenditure e<span class=\"_ _4\"></span>xpected to be required to settle the obligation. <span class=\"_ _5\"></span>The Group recognises pro<span class=\"_ _3\"></span>visions<span class=\"_ _36a\"> </span>for <span class=\"_ _3\"></span>onerous contracts when the e<span class=\"_ _3\"></span>xpected benefits to be derived from a contract are less than the<span class=\"_ _36a\"> </span>unav<span class=\"_ _3\"></span>oidable costs of meeting the <span class=\"_ _3\"></span>obligations under the contract.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-26": {
   "value": "(s) <span class=\"_ _6\"></span>Lease contract liabilities<span class=\"_ _36a\"> </span>The Group assesses whether a contract is <span class=\"_ _3\"></span>or contains a lease, at inception of the contract. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>Group recognises a right-of-use asset and a corresponding lease liability with respect to all lease<span class=\"_ _36a\"> </span>arrangements in which it is the lessee, e<span class=\"_ _4\"></span>xcept for short-term leases (defined as leases with a lease<span class=\"_ _36a\"> </span>term of 1<span class=\"_ _4\"></span>2 months or less) and leases <span class=\"_ _3\"></span>of low v<span class=\"_ _3\"></span>alue assets (such as tablets and personal computers,<span class=\"_ _36a\"> </span>small items of <span class=\"_ _3\"></span>office furniture and telephones). F<span class=\"_ _4\"></span>or these leases, the Group recognises the lease<span class=\"_ _36a\"> </span>payments as an <span class=\"_ _3\"></span>operating e<span class=\"_ _3\"></span>xpense on a straight-line basis <span class=\"_ _4\"></span>over the term of the lease unless another<span class=\"_ _36a\"> </span>systematic basis is more representativ<span class=\"_ _3\"></span>e of the time pattern in which <span class=\"_ _3\"></span>economic benefits from the<span class=\"_ _36a\"> </span>leased assets are consumed.<span class=\"_ _36a\"> </span>The lease liability is initially measured at the present v<span class=\"_ _3\"></span>alue of the lease pa<span class=\"_ _3\"></span>yments that are not paid<span class=\"_ _36a\"> </span>at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot<span class=\"_ _36a\"> </span>be readily determined, the Group uses its incremental borrowing rate. L<span class=\"_ _4\"></span>ease payments included in<span class=\"_ _36a\"> </span>the measurement of the lease liability comprise:<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>Fixed lease pa<span class=\"_ _3\"></span>yments<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>V<span class=\"_ _4\"></span>ariable lease payments<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>The amount <span class=\"_ _3\"></span>expected to be pa<span class=\"_ _3\"></span>yable b<span class=\"_ _3\"></span>y the lessee under residual value guarantees<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>The e<span class=\"_ _3\"></span>xercise price of purchase options<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>The pa<span class=\"_ _3\"></span>yments of penalties f<span class=\"_ _3\"></span>or terminating the lease, if the lease term reflects the e<span class=\"_ _3\"></span>xercise <span class=\"_ _3\"></span>of an<span class=\"_ _36a\"> </span>option to terminate the lease<span class=\"_ _36a\"> </span>The lease liability is presented as a separate line in the Consolidated <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition.<span class=\"_ _36a\"> </span>The lease liability is subsequently measured b<span class=\"_ _3\"></span>y increasing the carrying amount to reflect interest on<span class=\"_ _36a\"> </span>the lease liability (using the eff<span class=\"_ _4\"></span>ective interest method) and by reducing the carrying amount to reflect<span class=\"_ _36a\"> </span>the lease payments made.<span class=\"_ _36a\"> </span>(s) <span class=\"_ _6\"></span>Lease contract liabilities (continued)<span class=\"_ _36a\"> </span>The right-of-use assets comprise the initial measurement <span class=\"_ _3\"></span>of the corresponding lease liability<span class=\"_ _5\"></span>, lease payments made at <span class=\"_ _3\"></span>or before the commencement da<span class=\"_ _3\"></span>y and any initial direct costs. <span class=\"_ _2f\"></span>The<span class=\"_ _3\"></span>y are<span class=\"_ _36a\"> </span>subsequently measured at cost less accumulated depreciation and impairment losses.<span class=\"_ _36a\"> </span>The right-of-use assets are depreciated <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>er t<span class=\"_ _c\"></span>he shorter of the lease term and the useful lif<span class=\"_ _4\"></span>e of the<span class=\"_ _36a\"> </span>underlying asset. If a lease transf<span class=\"_ _3\"></span>ers o<span class=\"_ _4\"></span>wnership of the underlying asset or the cost of the right-of-use<span class=\"_ _36a\"> </span>asset reflects that the Group e<span class=\"_ _3\"></span>xpects to e<span class=\"_ _3\"></span>xercise a purchase <span class=\"_ _4\"></span>option, t<span class=\"_ _c\"></span>he related right-of-use asset is<span class=\"_ _36a\"> </span>depreciated o<span class=\"_ _3\"></span>ver the useful lif<span class=\"_ _4\"></span>e of the underlying asset. <span class=\"_ _2f\"></span>The depreciation starts at the commencement<span class=\"_ _36a\"> </span>date of the lease. <span class=\"_ _2f\"></span>The Group does not ha<span class=\"_ _3\"></span>ve an<span class=\"_ _3\"></span>y leases that include purchase options <span class=\"_ _3\"></span>or transf<span class=\"_ _3\"></span>er<span class=\"_ _36a\"> </span>ownership <span class=\"_ _3\"></span>of the underlying asset.<span class=\"_ _36a\"> </span>The right-of-use assets are presented within the same line item as that within which the<span class=\"_ _36a\"> </span>corresponding underlying assets would be presented if these w<span class=\"_ _4\"></span>ere owned. F<span class=\"_ _4\"></span>or the Group this is \u2018Property and Equipment\u2019<span class=\"_ _2f\"></span>.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or short-term leases (lease of than 1<span class=\"_ _4\"></span>2 months or less) and leases <span class=\"_ _3\"></span>of low<span class=\"_ _4\"></span>-value assets (such as<span class=\"_ _36a\"> </span>personal computers and office furniture) the Group has <span class=\"_ _4\"></span>opted to recognise a lease expense <span class=\"_ _3\"></span>on a straight-line basis as permitted by IFR<span class=\"_ _3\"></span>S 1<span class=\"_ _4\"></span>6. <span class=\"_ _5\"></span>This e<span class=\"_ _4\"></span>xpense is presented within \u2018Other operating<span class=\"_ _36a\"> </span>expenses<span class=\"_ _4\"></span>\u2019 in the Consolidated Income Statement.<span class=\"_ _36a\"> </span>As a practical <span class=\"_ _3\"></span>expedient, IFR<span class=\"_ _3\"></span>S 1<span class=\"_ _4\"></span>6 permits a lessee not to separate non-lease components, and<span class=\"_ _36a\"> </span>instead account for an<span class=\"_ _3\"></span>y lease and associated non-lease components as a single arrangement. The Group has not used this practical <span class=\"_ _3\"></span>expedient.<span class=\"_ _36a\"> </span>The Group\u2019<span class=\"_ _2f\"></span>s weighted average incremental bor<span class=\"_ _3\"></span>rowing rate applied to lease liabilities during 2025<span class=\"_ _36a\"> </span>is 2.2% for the <span class=\"_ _4\"></span>Swedish division and 2.0% f<span class=\"_ _4\"></span>or the Dutch division.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": " <span class=\"_ _7\"> </span>(o) <span class=\"_ _6\"></span>Deriv<span class=\"_ _4\"></span>ative financial instr<span class=\"_ _4\"></span>uments<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e financial instruments are recognised at f<span class=\"_ _3\"></span>air value. <span class=\"_ _2f\"></span>The gain <span class=\"_ _3\"></span>or loss on re-measurement to fair v<span class=\"_ _3\"></span>alue is recognised immediately in profit or loss. Hedge accounting has not been applied f<span class=\"_ _3\"></span>or<span class=\"_ _36a\"> </span>the foreign currency hedge held b<span class=\"_ _4\"></span>y the Parent Company <span class=\"_ _4\"></span>only<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of interest rate swaps is the estimated amount that the Group would receiv<span class=\"_ _4\"></span>e or pay to<span class=\"_ _36a\"> </span>terminate the swap at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date, taking into account current interest rates and the current<span class=\"_ _36a\"> </span>creditworthiness <span class=\"_ _3\"></span>of the swap counterparties. <span class=\"_ _2f\"></span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>of forw<span class=\"_ _3\"></span>ard e<span class=\"_ _4\"></span>xchange contracts is their<span class=\"_ _36a\"> </span>quoted market price at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date, being the present value <span class=\"_ _3\"></span>of the quoted forw<span class=\"_ _3\"></span>ard price.<span class=\"_ _36a\"> </span>Embedded derivativ<span class=\"_ _3\"></span>es which are not closely related to their host contracts, and which meet the<span class=\"_ _36a\"> </span>definition of a deriv<span class=\"_ _3\"></span>ative are separated and f<span class=\"_ _3\"></span>air valued through profit <span class=\"_ _4\"></span>or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-435": {
   "value": " <span class=\"_ _7\"> </span>(o) <span class=\"_ _6\"></span>Deriv<span class=\"_ _4\"></span>ative financial instr<span class=\"_ _4\"></span>uments<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e financial instruments are recognised at f<span class=\"_ _3\"></span>air value. <span class=\"_ _2f\"></span>The gain <span class=\"_ _3\"></span>or loss on re-measurement to fair v<span class=\"_ _3\"></span>alue is recognised immediately in profit or loss. Hedge accounting has not been applied f<span class=\"_ _3\"></span>or<span class=\"_ _36a\"> </span>the foreign currency hedge held b<span class=\"_ _4\"></span>y the Parent Company <span class=\"_ _4\"></span>only<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of interest rate swaps is the estimated amount that the Group would receiv<span class=\"_ _4\"></span>e or pay to<span class=\"_ _36a\"> </span>terminate the swap at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date, taking into account current interest rates and the current<span class=\"_ _36a\"> </span>creditworthiness <span class=\"_ _3\"></span>of the swap counterparties. <span class=\"_ _2f\"></span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>of forw<span class=\"_ _3\"></span>ard e<span class=\"_ _4\"></span>xchange contracts is their<span class=\"_ _36a\"> </span>quoted market price at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date, being the present value <span class=\"_ _3\"></span>of the quoted forw<span class=\"_ _3\"></span>ard price.<span class=\"_ _36a\"> </span>Embedded derivativ<span class=\"_ _3\"></span>es which are not closely related to their host contracts, and which meet the<span class=\"_ _36a\"> </span>definition of a deriv<span class=\"_ _3\"></span>ative are separated and f<span class=\"_ _3\"></span>air valued through profit <span class=\"_ _4\"></span>or loss.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "<span class=\"_ _7\"> </span>(p) <span class=\"_ _6\"></span>Other assets<span class=\"_ _36a\"> </span>\u2018<span class=\"_ _4\"></span>Other assets\u2019 comprise receiv<span class=\"_ _3\"></span>ables arising from inv<span class=\"_ _3\"></span>estment contracts and other receiv<span class=\"_ _3\"></span>ables such<span class=\"_ _36a\"> </span>as accrued interest, receiv<span class=\"_ _3\"></span>ables from fund management companies and income tax balances.<span class=\"_ _36a\"> </span>Financial assets classified as \u2018<span class=\"_ _4\"></span>other assets<span class=\"_ _3\"></span>\u2019<span class=\"_ _4\"></span>, other than accrued interest, are stated at amortised cost<span class=\"_ _36a\"> </span>less impairment losses. <span class=\"_ _2f\"></span>These assets are subject to an e<span class=\"_ _3\"></span>xpected credit loss assessment under<span class=\"_ _36a\"> </span>IFRS 9 and are assessed as being immaterial giv<span class=\"_ _3\"></span>en the typically short-term nature of these balances.<span class=\"_ _36a\"> </span>The majority <span class=\"_ _3\"></span>of the accrued interest relates to financial assets that are measured at FVTPL and are therefore not subject to the <span class=\"_ _3\"></span>expected credit loss assessment.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-27": {
   "value": " (t) Borr<span class=\"_ _4\"></span>owings<span class=\"_ _36a\"> </span>Borro<span class=\"_ _4\"></span>wings are recognised initially at fair value, less transaction costs, and are subsequently measured<span class=\"_ _36a\"> </span>at amortised cost using the eff<span class=\"_ _4\"></span>ective interest rate method, with interest e<span class=\"_ _3\"></span>xpense recognised in the<span class=\"_ _36a\"> </span>Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income on an <span class=\"_ _4\"></span>effective <span class=\"_ _5\"></span>yield basis. <span class=\"_ _2f\"></span>The eff<span class=\"_ _4\"></span>ective interest<span class=\"_ _36a\"> </span>rate method is a method of calculating the amortised cost <span class=\"_ _3\"></span>of a financial liability and of allocating<span class=\"_ _36a\"> </span>interest e<span class=\"_ _3\"></span>xpense o<span class=\"_ _3\"></span>ver the rele<span class=\"_ _3\"></span>vant period. <span class=\"_ _2f\"></span>The <span class=\"_ _3\"></span>eff<span class=\"_ _3\"></span>ective interest rate is the rate that <span class=\"_ _3\"></span>exactly discounts<span class=\"_ _36a\"> </span>future cash payments through the <span class=\"_ _4\"></span>expected life <span class=\"_ _4\"></span>of the financial liability<span class=\"_ _4\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-30": {
   "value": " (x) <span class=\"_ _6\"></span>Shar<span class=\"_ _4\"></span>e-based payments (P<span class=\"_ _3\"></span>arent Compan<span class=\"_ _4\"></span>y only)<span class=\"_ _36a\"> </span>The v<span class=\"_ _3\"></span>alue of <span class=\"_ _4\"></span>employee share options and <span class=\"_ _4\"></span>other equity settled share-based payments is calculated<span class=\"_ _36a\"> </span>at fair v<span class=\"_ _3\"></span>alue at the grant date using appropriate and recognised option pricing models. <span class=\"_ _5\"></span>V<span class=\"_ _4\"></span>esting<span class=\"_ _36a\"> </span>conditions, which comprise service conditions and performance conditions, <span class=\"_ _3\"></span>other than those based<span class=\"_ _36a\"> </span>upon market conditions, are not tak<span class=\"_ _3\"></span>en into account when estimating the f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>of such aw<span class=\"_ _4\"></span>ards<span class=\"_ _36a\"> </span>but are taken into account b<span class=\"_ _3\"></span>y adjusting the number of <span class=\"_ _3\"></span>equity instruments included in the ultimate<span class=\"_ _36a\"> </span>measurement of the transaction amount. <span class=\"_ _2f\"></span>The v<span class=\"_ _3\"></span>alue of the a<span class=\"_ _3\"></span>wards is recognised as an <span class=\"_ _3\"></span>expense <span class=\"_ _3\"></span>on a systematic basis <span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>er the period during which the emplo<span class=\"_ _4\"></span>yment services are provided. <span class=\"_ _5\"></span>Where an<span class=\"_ _36a\"> </span>aw<span class=\"_ _3\"></span>ard of <span class=\"_ _4\"></span>opt<span class=\"_ _c\"></span>ions is cancelled by an <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ee, the full value of the aw<span class=\"_ _4\"></span>ard (less any value pre<span class=\"_ _3\"></span>viously<span class=\"_ _36a\"> </span>recognised) is recognised at the cancellation date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-28": {
   "value": "  (v) <span class=\"_ _6\"></span>Other cur<span class=\"_ _4\"></span>rent liabilities<span class=\"_ _36a\"> </span>\u2018Other current liabilities,<span class=\"_ _9\"></span>\u2019 comprising investment contract pa<span class=\"_ _3\"></span>yables and <span class=\"_ _4\"></span>other payables, are recognised<span class=\"_ _36a\"> </span>when due and are measured on initial recognition at the f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>of the consideration paid. Cur<span class=\"_ _3\"></span>rent<span class=\"_ _36a\"> </span>liabilities in respect of insurance contracts are reported as part <span class=\"_ _3\"></span>of the Liability for Incurred Claims.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-31": {
   "value": "(i) <span class=\"_ _158\"> </span>Share capital<span class=\"_ _36a\"> </span>Shares are classified as equity when there is no <span class=\"_ _3\"></span>obligation to transf<span class=\"_ _3\"></span>er cash or <span class=\"_ _4\"></span>ot<span class=\"_ _c\"></span>her assets.<span class=\"_ _36a\"> </span>Incremental costs directly attributable to the issue of <span class=\"_ _3\"></span>equity instruments are shown in <span class=\"_ _4\"></span>equity<span class=\"_ _36a\"> </span>as a deduction from the proceeds, net of tax. Incremental costs directly attributable to the<span class=\"_ _36a\"> </span>issue of <span class=\"_ _3\"></span>equity instruments, as consideration f<span class=\"_ _3\"></span>or the acquisition of a business, are included in<span class=\"_ _36a\"> </span>the cost of acquisition.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-29": {
   "value": " (w) <span class=\"_ _1c\"> </span>Employee benefits<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>P<span class=\"_ _3\"></span>ension obligations<span class=\"_ _36a\"> </span>UK businesses<span class=\"_ _36a\"> </span>Group companies operate defined contribution pension schemes, which are funded through<span class=\"_ _36a\"> </span>payments to insurance companies, to which group companies pa<span class=\"_ _3\"></span>y fixed contributions. <span class=\"_ _2f\"></span>There<span class=\"_ _36a\"> </span>are no legal or constr<span class=\"_ _3\"></span>uctive <span class=\"_ _3\"></span>obligations on Group companies to pa<span class=\"_ _3\"></span>y further contributions if the<span class=\"_ _36a\"> </span>fund does not hold sufficient assets to pay <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ee benefits relat<span class=\"_ _c\"></span>ing to service in current and prior periods. A<span class=\"_ _4\"></span>ccordingly<span class=\"_ _4\"></span>, Group companies have no further payment <span class=\"_ _4\"></span>obligations once the<span class=\"_ _36a\"> </span>contributions hav<span class=\"_ _3\"></span>e been paid. Contributions to defined contribution pension schemes are<span class=\"_ _36a\"> </span>recognised in the Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income when due.<span class=\"_ _36a\"> </span>Sw<span class=\"_ _4\"></span>edish business<span class=\"_ _36a\"> </span>The Group participates in a combined defined benefit and defined contribution scheme f<span class=\"_ _3\"></span>or the<span class=\"_ _36a\"> </span>benefit of its <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ees. Howev<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>, the scheme is a multi-employer scheme, with the associated<span class=\"_ _36a\"> </span>assets and liabilities maintained on a pooled basis. <span class=\"_ _2f\"></span>There is limited inf<span class=\"_ _3\"></span>ormation av<span class=\"_ _3\"></span>ailable to the<span class=\"_ _36a\"> </span>Group to allow it to account f<span class=\"_ _3\"></span>or the <span class=\"_ _3\"></span>Scheme as a defined benefit scheme and, in accordance with<span class=\"_ _36a\"> </span>IAS 1<span class=\"_ _4\"></span>9 Employ<span class=\"_ _3\"></span>ee Benefits, it is, theref<span class=\"_ _4\"></span>ore, accounted for as a defined contribution scheme.<span class=\"_ _36a\"> </span>Contributions paid to the <span class=\"_ _3\"></span>Scheme are recognised in the Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>Income when due.<span class=\"_ _36a\"> </span>Dutc<span class=\"_ _4\"></span>h business (Scildon)<span class=\"_ _36a\"> </span>Scildon had a defined benefit plan which was closed and transf<span class=\"_ _4\"></span>erred into a defined contribution<span class=\"_ _36a\"> </span>pension plan during 20<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>9. <span class=\"_ _2f\"></span>The defined benefit pension scheme was administered b<span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Stichting<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ensionfonds Legal &amp; General Nederland. <span class=\"_ _2f\"></span>The compan<span class=\"_ _3\"></span>y had agreed to contribute to the premium<span class=\"_ _36a\"> </span>for the unconditional part <span class=\"_ _3\"></span>of the pension. <span class=\"_ _2f\"></span>The company paid a contribution to the scheme and subsequently had no further financial <span class=\"_ _3\"></span>obligations with respect to this part of the scheme.<span class=\"_ _36a\"> </span>During 20<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>9, a new defined contribution pension scheme was <span class=\"_ _3\"></span>established for the benefit of Scildon employees.<span class=\"_ _36a\"> </span>As a result <span class=\"_ _3\"></span>of the Conservatrix acquisition, the Group assumed the <span class=\"_ _3\"></span>obligations under a defined<span class=\"_ _36a\"> </span>benefit pension scheme for a small number <span class=\"_ _3\"></span>of former Conserv<span class=\"_ _3\"></span>atrix emplo<span class=\"_ _4\"></span>yees. <span class=\"_ _5\"></span>This scheme is<span class=\"_ _36a\"> </span>closed to new <span class=\"_ _3\"></span>entrants with no further benefits accruing and as such the <span class=\"_ _3\"></span>exposure f<span class=\"_ _3\"></span>or the Group<span class=\"_ _36a\"> </span>is limited to the longevity risk <span class=\"_ _3\"></span>of the contracts. <span class=\"_ _2f\"></span>The liability is valued under IA<span class=\"_ _3\"></span>S 1<span class=\"_ _4\"></span>9 and reported<span class=\"_ _36a\"> </span>under \u2018Other provisions<span class=\"_ _4\"></span>\u2019 in the Consolidated Statement <span class=\"_ _4\"></span>of Financial Position.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>Bonus plans<span class=\"_ _36a\"> </span>The Group recognises a liability and an <span class=\"_ _3\"></span>expense f<span class=\"_ _3\"></span>or bonuses based on a f<span class=\"_ _4\"></span>ormula that takes into<span class=\"_ _36a\"> </span>consideration the profit attributable to the Company\u2019<span class=\"_ _5\"></span>s shareholders after certain adjustments.<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>expense is recognised in the Consolidated <span class=\"_ _4\"></span>Statement of Comprehensive Income <span class=\"_ _4\"></span>on an<span class=\"_ _36a\"> </span>accruals basis.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-32": {
   "value": "(ii) <span class=\"_ _f\"> </span>Shares held in treasury<span class=\"_ _36a\"> </span>Where the Company purchases its <span class=\"_ _3\"></span>own <span class=\"_ _3\"></span>equity share capital, the consideration paid, including<span class=\"_ _36a\"> </span>directly attributable costs, is deducted from total shareholders<span class=\"_ _3\"></span>\u2019 equity and sho<span class=\"_ _3\"></span>wn separately as \u2018treasury shares<span class=\"_ _4\"></span>\u2019 until they are cancelled. <span class=\"_ _2f\"></span>Where such shares are subsequently sold, any<span class=\"_ _36a\"> </span>consideration received is credited to the share premium account.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-33": {
   "value": "z) <span class=\"_ _6\"></span>Dividends (P<span class=\"_ _3\"></span>arent Compan<span class=\"_ _4\"></span>y only)<span class=\"_ _36a\"> </span>Dividend distributions to the Company\u2019<span class=\"_ _5\"></span>s shareholders are recognised in the period in which the<span class=\"_ _36a\"> </span>dividends are paid, and, for the final dividend, when appro<span class=\"_ _3\"></span>ved b<span class=\"_ _3\"></span>y the Company\u2019<span class=\"_ _2f\"></span>s shareholders at the<span class=\"_ _36a\"> </span>Annual General Meeting.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-34": {
   "value": "(aa) <span class=\"_ _6\"></span>Inv<span class=\"_ _4\"></span>estment in subsidiaries (P<span class=\"_ _4\"></span>arent Compan<span class=\"_ _4\"></span>y only)<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estments in subsidiaries are carried in the <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition at cost less accumulate<span class=\"_ _36a\"> </span>impairment. <span class=\"_ _2f\"></span>The Company assesses at <span class=\"_ _3\"></span>each reporting date whether an inv<span class=\"_ _3\"></span>estment is impaired by<span class=\"_ _36a\"> </span>assessing whether <span class=\"_ _c\"></span>any indicators of impairment exist. If objective evidence of impairment exists<span class=\"_ _36a\"> </span>the Company calculates the amount <span class=\"_ _3\"></span>of impairment as the diff<span class=\"_ _3\"></span>erence between the reco<span class=\"_ _3\"></span>verable<span class=\"_ _36a\"> </span>amount of the Group <span class=\"_ _3\"></span>entity and its carrying value and recognises the amount as an <span class=\"_ _4\"></span>expense in th<span class=\"_ _36a\"> </span>Income <span class=\"_ _3\"></span>Statement. <span class=\"_ _2f\"></span>The recov<span class=\"_ _3\"></span>erable amount is determined based on the cash flo<span class=\"_ _3\"></span>w projections of<span class=\"_ _36a\"> </span>the underlying entities.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-37": {
   "value": " (ae) <span class=\"_ _14\"> </span>Climate <span class=\"_ _31\"> </span>change<span class=\"_ _36a\"> </span>In our Climate-related Financial Disclosures <span class=\"_ _3\"></span>on pages 74 to 9<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>, we note that climate change-related<span class=\"_ _36a\"> </span>risks are potentially material and as such we ha<span class=\"_ _3\"></span>ve made commitments to transition to net z<span class=\"_ _3\"></span>ero by<span class=\"_ _36a\"> </span>2050. Primarily f<span class=\"_ _3\"></span>or Chesnara, climate change risk would be <span class=\"_ _3\"></span>expected to arise through <span class=\"_ _4\"></span>other financial<span class=\"_ _36a\"> </span>risks e.g. equity risk, credit risk <span class=\"_ _3\"></span>etc (PR1 <span class=\"_ _9\"></span>\u2013 Market and Liquidity Risk) and also regulatory risk given the le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>of ongoing change. <span class=\"_ _2f\"></span>The Group is also <span class=\"_ _3\"></span>exposed to strategic and reputational risks<span class=\"_ _36a\"> </span>arising from its action or inaction in response to climate change.<span class=\"_ _36a\"> </span>The Consolidated <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition does not include any e<span class=\"_ _4\"></span>xplicit adjustments in<span class=\"_ _36a\"> </span>relation to climate risk-related impacts. <span class=\"_ _2f\"></span>This is based on the f<span class=\"_ _3\"></span>act that the risk is e<span class=\"_ _3\"></span>xpected to materialise<span class=\"_ _36a\"> </span>ov<span class=\"_ _3\"></span>er a longer time period, how<span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>er we aim to mitigate against climate risk via the transition to<span class=\"_ _36a\"> </span>net-zero. <span class=\"_ _4\"></span>Additionally<span class=\"_ _4\"></span>, there is an expectation that <span class=\"_ _4\"></span>over time financial mark<span class=\"_ _3\"></span>ets fully factor into their<span class=\"_ _36a\"> </span>pricing the potential risks and impacts of climate change and <span class=\"_ _3\"></span>other sustainability risks. <span class=\"_ _2f\"></span>We will<span class=\"_ _36a\"> </span>continue to monitor market practice in this area.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-35": {
   "value": "(ab) Business combinations<span class=\"_ _36a\"> </span>Acquisitions meeting the definition of a \u2018business\u2019 are accounted for under IFRS 3 Business<span class=\"_ _36a\"> </span>combinations. This requires management to perform an assessment of the fair value of the asset<span class=\"_ _36a\"> </span>and liabilities acquired and consideration paid at the point of acquisition. The acquiree\u2019s identifiable<span class=\"_ _36a\"> </span>assets, liabilities, and contingent liabilities, are classified according to the relevant accounting standar<span class=\"_ _36a\"> </span>and are measured initially at their fair values at the acquisition date. Expenses directly attributable<span class=\"_ _36a\"> </span>to the acquisition are expensed as incurred unless determined to be attributable to future insuranc<span class=\"_ _36a\"> </span>contracts. Gains arising on a bargain purchase, where the net fair value of the identifiable assets<span class=\"_ _36a\"> </span>acquired and the liabilities and contingent liabilities assumed exceeds the fair value of the consideratio<span class=\"_ _36a\"> </span>for the acquisition, are recognised in the Consolidated Statement of Comprehensive Income.<span class=\"_ _36a\"> </span>Where the fair value of the consideration exceeds the fair value of the assets and liabilities acquire<span class=\"_ _36a\"> </span>it is recognised as a goodwill intangible asset on the Consolidated <span class=\"_ _3\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition.<span class=\"_ _36a\"> </span>The non-controlling interest in the acquiree is initially measured at the non-controlling interest\u2019s<span class=\"_ _36a\"> </span>proportion of the net fair value of the assets, liabilities and contingent liabilities recognised.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-38": {
   "value": " <span class=\"_ _7\"> </span>A5 <span class=\"_ _6\"></span>Significant accounting judgements and estimates<span class=\"_ _36a\"> </span>In preparing the financial statements, the Group makes judgements and applies <span class=\"_ _3\"></span>estimates and<span class=\"_ _36a\"> </span>assumptions that aff<span class=\"_ _3\"></span>ect the application of accounting policies and reported amounts <span class=\"_ _3\"></span>of assets and<span class=\"_ _36a\"> </span>liabilities, income and e<span class=\"_ _3\"></span>xpenses. Disclosures of judgements made b<span class=\"_ _3\"></span>y the Group in applying the<span class=\"_ _36a\"> </span>accounting policies include those that hav<span class=\"_ _3\"></span>e the most significant eff<span class=\"_ _4\"></span>ect on the amounts that are<span class=\"_ _36a\"> </span>recognised in the consolidated financial statements.<span class=\"_ _36a\"> </span>Such estimates and judgements are continually <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>aluated and are based on historical <span class=\"_ _4\"></span>experience<span class=\"_ _36a\"> </span>and other f<span class=\"_ _3\"></span>actors, including e<span class=\"_ _3\"></span>xpectations of future <span class=\"_ _4\"></span>events that are belie<span class=\"_ _3\"></span>ved to be reasonable. Details<span class=\"_ _36a\"> </span>of all critical accounting judgements and estimates are set <span class=\"_ _3\"></span>out in the notes that follo<span class=\"_ _3\"></span>w<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>IFRS 1<span class=\"_ _3\"></span>7 significant judgements applied in det<span class=\"_ _4\"></span>ermining the transition amounts  (a) <span class=\"_ _6\"></span>Judg<span class=\"_ _3\"></span>ement in applying the IFRS 1<span class=\"_ _3\"></span>7 f<span class=\"_ _4\"></span>air value appr<span class=\"_ _3\"></span>oach at tr<span class=\"_ _3\"></span>ansition<span class=\"_ _36a\"> </span>IFRS 1<span class=\"_ _5\"></span>7 became eff<span class=\"_ _3\"></span>ective from 1<span class=\"_ _4\"></span> January 2023 with a transition date <span class=\"_ _3\"></span>of 1<span class=\"_ _4\"></span> January 2022. <span class=\"_ _2f\"></span>The Group<span class=\"_ _36a\"> </span>applied the full retrospective approach where practical to measure <span class=\"_ _3\"></span>each group of insurance contracts<span class=\"_ _36a\"> </span>on transition which means IFRS 1<span class=\"_ _5\"></span>7 has been applied since acquisition into the Group. <span class=\"_ _5\"></span>Where it<span class=\"_ _36a\"> </span>was impractical to apply the full retrospectiv<span class=\"_ _3\"></span>e approach a fair v<span class=\"_ _3\"></span>alue approach was used. <span class=\"_ _2f\"></span>The transition<span class=\"_ _36a\"> </span>approach was determined at the le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>of a group of insurance contracts, ho<span class=\"_ _4\"></span>wev<span class=\"_ _3\"></span>er due to the factors<span class=\"_ _36a\"> </span>under consideration (such as the length of time since acquisition and a<span class=\"_ _3\"></span>vailability <span class=\"_ _3\"></span>of data) the outcome<span class=\"_ _36a\"> </span>of the practicability assessment resulted in a transition approach being applied for the <span class=\"_ _3\"></span>operating<span class=\"_ _36a\"> </span>segment as a whole, with the e<span class=\"_ _3\"></span>xception <span class=\"_ _3\"></span>of Mov<span class=\"_ _4\"></span>est<span class=\"_ _c\"></span>ic.<span class=\"_ _36a\"> </span>Operating se<span class=\"_ _c\"></span>gment <span class=\"_ _80\"> </span>T<span class=\"_ _4\"></span>rans<span class=\"_ _c\"></span>ition approach<span class=\"_ _36a\"> </span>UK \u2013 CA <span class=\"_ _1a2\"> </span>F<span class=\"_ _3\"></span>air value<span class=\"_ _36a\"> </span>Movestic <span class=\"_ _1a3\"> </span>Fair v<span class=\"_ _3\"></span>alue*<span class=\"_ _36a\"> </span>Scildon <span class=\"_ _1f2\"> </span>Full retr<span class=\"_ _3\"></span>ospective<span class=\"_ _36a\"> </span>Other Group activities <span class=\"_ _173\"> </span>N/A<span class=\"_ _36a\"> </span>Note F2 provides inf<span class=\"_ _3\"></span>ormation relating to the disaggregation of insurance re<span class=\"_ _3\"></span>venue and CSM.<span class=\"_ _36a\"> </span>*For PA<span class=\"_ _6\"></span>A co<span class=\"_ _c\"></span>ntrac<span class=\"_ _c\"></span>ts in M<span class=\"_ _c\"></span>ovesti<span class=\"_ _c\"></span>c, t<span class=\"_ _c\"></span>he Gro<span class=\"_ _c\"></span>up h<span class=\"_ _c\"></span>as c<span class=\"_ _c\"></span>onc<span class=\"_ _c\"></span>lu<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>d that it i<span class=\"_ _c\"></span>s pra<span class=\"_ _c\"></span>ctic<span class=\"_ _c\"></span>a<span class=\"_ _c\"></span>ble to a<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>ly th<span class=\"_ _c\"></span>e full retros<span class=\"_ _c\"></span>p<span class=\"_ _c\"></span>ecti<span class=\"_ _c\"></span>ve<span class=\"_ _36a\"> </span>ap<span class=\"_ _c\"></span>pro<span class=\"_ _c\"></span>ach a<span class=\"_ _c\"></span>nd h<span class=\"_ _c\"></span>enc<span class=\"_ _c\"></span>e this w<span class=\"_ _c\"></span>as a<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>lie<span class=\"_ _c\"></span>d. H<span class=\"_ _c\"></span>owever, it was c<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>cl<span class=\"_ _c\"></span>ude<span class=\"_ _c\"></span>d that t<span class=\"_ _c\"></span>he ful<span class=\"_ _c\"></span>l retrosp<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>tive a<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>roac<span class=\"_ _c\"></span>h co<span class=\"_ _c\"></span>uld n<span class=\"_ _c\"></span>ot be a<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>lie<span class=\"_ _c\"></span>d to the m<span class=\"_ _c\"></span>ajo<span class=\"_ _c\"></span>rit<span class=\"_ _c\"></span>y of th<span class=\"_ _c\"></span>e pe<span class=\"_ _c\"></span>nsio<span class=\"_ _c\"></span>n be<span class=\"_ _c\"></span>nefi<span class=\"_ _c\"></span>ts in s<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>pe of I<span class=\"_ _c\"></span>FR<span class=\"_ _c\"></span>S 1<span class=\"_ _3\"></span>7<span class=\"_ _4\"></span>, a<span class=\"_ _c\"></span>nd he<span class=\"_ _c\"></span>nc<span class=\"_ _c\"></span>e the fai<span class=\"_ _c\"></span>r val<span class=\"_ _c\"></span>ue<span class=\"_ _36a\"> </span>approach has<span class=\"_ _3\"></span> been applied. <span class=\"_ _7\"> </span>A5 <span class=\"_ _6\"></span>Significant accounting judgements and estimates (continued)<span class=\"_ _36a\"> </span>IFRS 1<span class=\"_ _3\"></span>7 significant judgements applied in det<span class=\"_ _4\"></span>ermining the transition amounts (continued)  (a) <span class=\"_ _6\"></span>Judg<span class=\"_ _3\"></span>ement in applying the IFRS 1<span class=\"_ _3\"></span>7 f<span class=\"_ _4\"></span>air value appr<span class=\"_ _3\"></span>oach at tr<span class=\"_ _3\"></span>ansition (continued)<span class=\"_ _36a\"> </span>The Group determined that it w<span class=\"_ _3\"></span>ould be impracticable to apply the full retrospective approach where<span class=\"_ _36a\"> </span>the follo<span class=\"_ _3\"></span>wing applied:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>Historical cash flow inf<span class=\"_ _4\"></span>ormation was unav<span class=\"_ _3\"></span>ailable at the required lev<span class=\"_ _3\"></span>el of aggregation.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>Historical actuarial models were unav<span class=\"_ _4\"></span>ailable.<span class=\"_ _36a\"> </span>(iii) <span class=\"_ _14\"> </span> <span class=\"_ _12\"></span>Information relating to historical assumptions that reflected the conditions e<span class=\"_ _3\"></span>xisting at the relev<span class=\"_ _3\"></span>ant<span class=\"_ _36a\"> </span>date was una<span class=\"_ _3\"></span>vailable <span class=\"_ _4\"></span>or not possible to create wit<span class=\"_ _c\"></span>hout the use of hindsight.<span class=\"_ _36a\"> </span>The Group has been able to apply the full retrospectiv<span class=\"_ _3\"></span>e approach to all material business acquired<span class=\"_ _36a\"> </span>or written since 20<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>6 when SII w<span class=\"_ _3\"></span>as introduced. <span class=\"_ _2f\"></span>There was no material ne<span class=\"_ _3\"></span>w business in the UK or<span class=\"_ _36a\"> </span>Sw<span class=\"_ _4\"></span>eden from 20<span class=\"_ _4\"></span>16 to the transition date. In addition the full retrospectiv<span class=\"_ _3\"></span>e approach has been applied<span class=\"_ _36a\"> </span>to all of the contracts within <span class=\"_ _4\"></span>Scildon, which includes business acquired in 20<span class=\"_ _4\"></span>1<span class=\"_ _3\"></span>5. Note A5 pro<span class=\"_ _4\"></span>vides<span class=\"_ _36a\"> </span>information relating to the k<span class=\"_ _3\"></span>ey accounting judgements applied to business that has transitioned under<span class=\"_ _36a\"> </span>the full retrospective approach.<span class=\"_ _36a\"> </span>In applying the fair v<span class=\"_ _3\"></span>alue approach, the Group determined the CSM to be the diff<span class=\"_ _3\"></span>erence between<span class=\"_ _36a\"> </span>the fair v<span class=\"_ _3\"></span>alue of a group <span class=\"_ _3\"></span>of insurance contracts, measured in accordance with IFRS 1<span class=\"_ _4\"></span>3 Fair v<span class=\"_ _3\"></span>alue<span class=\"_ _36a\"> </span>measurement (IFRS 1<span class=\"_ _4\"></span>3), and its FCF at the transition date. <span class=\"_ _2f\"></span>The fair value <span class=\"_ _4\"></span>of an insurance liability is<span class=\"_ _36a\"> </span>the price that a market participant w<span class=\"_ _3\"></span>ould be willing to pay to assume the <span class=\"_ _3\"></span>obligation and the<span class=\"_ _36a\"> </span>remaining risks of the in-f<span class=\"_ _3\"></span>orce contracts as at the transition date.<span class=\"_ _36a\"> </span>In the absence of recent mark<span class=\"_ _3\"></span>et transactions for similar contracts, a present v<span class=\"_ _3\"></span>alue technique was<span class=\"_ _36a\"> </span>used to determine the fair v<span class=\"_ _3\"></span>alue of the groups <span class=\"_ _3\"></span>of contracts. IFRS 1<span class=\"_ _4\"></span>3 defines fair v<span class=\"_ _3\"></span>alue accounting<span class=\"_ _36a\"> </span>techniques according to the inputs used. <span class=\"_ _2f\"></span>The lack of <span class=\"_ _3\"></span>observable mark<span class=\"_ _3\"></span>et prices for the liabilities under<span class=\"_ _36a\"> </span>consideration and hence the reliance on significant judgement to determine a mark<span class=\"_ _3\"></span>et participant\u2019<span class=\"_ _5\"></span>s<span class=\"_ _36a\"> </span>view results in the present v<span class=\"_ _3\"></span>alue technique being considered a Le<span class=\"_ _3\"></span>vel 3 technique. <span class=\"_ _2f\"></span>The significant<span class=\"_ _36a\"> </span>judgements to determine a market participant\u2019<span class=\"_ _2f\"></span>s view include:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _11\"> </span> <span class=\"_ _12\"></span>a market participant\u2019<span class=\"_ _5\"></span>s view of the <span class=\"_ _3\"></span>expected future cash flo<span class=\"_ _4\"></span>ws and risk allowances would align<span class=\"_ _36a\"> </span>to Chesnara\u2019<span class=\"_ _5\"></span>s view;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _13\"> </span> <span class=\"_ _12\"></span>only future cash flows within the boundaries of the insurance contracts w<span class=\"_ _3\"></span>ere included in the<span class=\"_ _36a\"> </span>market participant\u2019<span class=\"_ _2f\"></span>s fair value estimation;<span class=\"_ _36a\"> </span>(c) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>a market participant w<span class=\"_ _3\"></span>ould require a compensation for the cost <span class=\"_ _3\"></span>of holding capital in respect of<span class=\"_ _36a\"> </span>the liabilities which has been determined based on mark<span class=\"_ _3\"></span>et rates; and<span class=\"_ _36a\"> </span>(d) <span class=\"_ _14\"> </span> <span class=\"_ _0\"></span>a market participant would determine the compensation f<span class=\"_ _4\"></span>or the cost of holding capital based<span class=\"_ _36a\"> </span>on a buff<span class=\"_ _3\"></span>er in e<span class=\"_ _4\"></span>xcess of the <span class=\"_ _4\"></span>SII regulatory capital requirements. <span class=\"_ _5\"></span>The buff<span class=\"_ _4\"></span>er assumed is in the range<span class=\"_ _36a\"> </span>of 1<span class=\"_ _4\"></span>30%<span class=\"_ _c\"></span> <span class=\"_ _8\"></span>-140% reflecting the specifics <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he underlying business.<span class=\"_ _36a\"> </span>A number of specific modifications are permitted when using the f<span class=\"_ _3\"></span>air value approach. <span class=\"_ _2f\"></span>The Group has<span class=\"_ _36a\"> </span>adopted the follo<span class=\"_ _3\"></span>wing modifications:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span> <span class=\"_ _12\"></span>Le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>of aggregation \u2013 to use information at the transition date to identify groups <span class=\"_ _3\"></span>of insurance contracts;<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>Lev<span class=\"_ _4\"></span>el of aggregation \u2013 to group annual cohorts of business;<span class=\"_ _36a\"> </span>(iii)  Le<span class=\"_ _4\"></span>vel of aggregation \u2013 the assessment for profitability w<span class=\"_ _4\"></span>as made at the transition date; and<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _7\"> </span>Measurement model \u2013 to use information at the transition date to assess eligibility f<span class=\"_ _3\"></span>or the <span class=\"_ _4\"></span>VF<span class=\"_ _5\"></span>A.<span class=\"_ _36a\"> </span>F<span class=\"_ _4\"></span>ulfilment cash flows were <span class=\"_ _3\"></span>estimated prospectively at the transition date and discount rates w<span class=\"_ _3\"></span>ere<span class=\"_ _36a\"> </span>determined at the transition date.<span class=\"_ _36a\"> </span>IFRS 1<span class=\"_ _3\"></span>7 accounting judgements <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Separation of contracts and classification<span class=\"_ _36a\"> </span>Judgement has been <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>ercised across t<span class=\"_ _c\"></span>he Group in determining whether contracts issued contain<span class=\"_ _36a\"> </span>significant insurance risk and whether contracts including inv<span class=\"_ _3\"></span>estment components and insurance<span class=\"_ _36a\"> </span>components can be separated. Once any in<span class=\"_ _3\"></span>vestment components are separated, the Group assesses<span class=\"_ _36a\"> </span>whether the contract should be separated into sev<span class=\"_ _3\"></span>eral insurance components that, in substance,<span class=\"_ _36a\"> </span>should be treated as separate contracts to reflect the substance of the transaction. <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>o determine<span class=\"_ _36a\"> </span>whether insurance components should be recognised and measured separately<span class=\"_ _4\"></span>, the Group considers<span class=\"_ _36a\"> </span>whether there is an interdependency between the diff<span class=\"_ _4\"></span>erent risks covered, whether components<span class=\"_ _36a\"> </span>can lapse independently of <span class=\"_ _3\"></span>each other and whether the components can be priced and sold<span class=\"_ _36a\"> </span>separately<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>When the Group enters into one legal contract with diff<span class=\"_ _4\"></span>erent insurance components<span class=\"_ _36a\"> </span>operating independently of <span class=\"_ _3\"></span>each other<span class=\"_ _5\"></span>, insurance components are recognised and measured<span class=\"_ _36a\"> </span>separately<span class=\"_ _4\"></span>, applying IFRS 1<span class=\"_ _5\"></span>7<span class=\"_ _8\"></span>.<span class=\"_ _36a\"> </span>Generally<span class=\"_ _4\"></span>, the contracts identified as insurance contracts under IFRS 1<span class=\"_ _5\"></span>7 at transition were the same<span class=\"_ _36a\"> </span>as those under IFRS 4. Ho<span class=\"_ _3\"></span>we<span class=\"_ _3\"></span>ver<span class=\"_ _5\"></span>, there are some contracts, in the S<span class=\"_ _4\"></span>wedish business, where under<span class=\"_ _36a\"> </span>IFRS 1<span class=\"_ _5\"></span>7 the investment and insurance components can no longer be separated resulting in certain<span class=\"_ _36a\"> </span>pension benefits becoming in scope of IFR<span class=\"_ _3\"></span>S 1<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span>. No contracts hav<span class=\"_ _3\"></span>e been switched from insurance to inv<span class=\"_ _3\"></span>estment contracts at transition. Many contracts issued include \u2018rider\u2019 benefits in addition to the<span class=\"_ _36a\"> </span>base policy<span class=\"_ _4\"></span>, how<span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>er having considered the facts and circumstances of these products it has been<span class=\"_ _36a\"> </span>determined that these components should not be separated and that the contract is measured as<span class=\"_ _36a\"> </span>one contract.<span class=\"_ _36a\"> </span>The assessment as to whether insurance contracts ha<span class=\"_ _3\"></span>ve direct participating f<span class=\"_ _4\"></span>eatures qualify for the<span class=\"_ _36a\"> </span>VF<span class=\"_ _5\"></span>A requires an element of judgement to determine whether the proportion <span class=\"_ _3\"></span>of the underlying item<span class=\"_ _36a\"> </span>to be paid to the policyholder is substantial and whether the policyholder liability varies substantially<span class=\"_ _36a\"> </span>with the mov<span class=\"_ _3\"></span>ement in the fair v<span class=\"_ _3\"></span>alue of the underlying item. <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Level of aggr<span class=\"_ _4\"></span>egation<span class=\"_ _36a\"> </span>Judgement is required in applying the requirement to group portf<span class=\"_ _3\"></span>olios of insurance contracts that<span class=\"_ _36a\"> </span>hav<span class=\"_ _3\"></span>e similar risks and are managed together<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>The Group has considered the follo<span class=\"_ _3\"></span>wing factors (to the<span class=\"_ _36a\"> </span>extent that the<span class=\"_ _3\"></span>y are relev<span class=\"_ _3\"></span>ant for the <span class=\"_ _4\"></span>ent<span class=\"_ _c\"></span>ity) in order to group contracts b<span class=\"_ _4\"></span>y similar risks and t<span class=\"_ _c\"></span>hose<span class=\"_ _36a\"> </span>that are managed together: principal insurance risk, product type, tax status, legacy book<span class=\"_ _c\"></span>/outsource<span class=\"_ _36a\"> </span>provider and measurement model.<span class=\"_ _36a\"> </span>F<span class=\"_ _4\"></span>urther judgement is required in determining the profitability grouping that applies to portfolios of<span class=\"_ _36a\"> </span>contracts. F<span class=\"_ _3\"></span>or the new business cohorts in <span class=\"_ _4\"></span>Scildon, a policy level test is applied and contracts are<span class=\"_ _36a\"> </span>allocated to the relev<span class=\"_ _3\"></span>ant profitability group. <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>o date, this has not resulted in any contracts being<span class=\"_ _36a\"> </span>classified as \u2018no significant risk of becoming <span class=\"_ _3\"></span>onerous<span class=\"_ _4\"></span>\u2019<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>Where portfolios of contracts are acquired in<span class=\"_ _36a\"> </span>a business combination or a portf<span class=\"_ _3\"></span>olio transf<span class=\"_ _3\"></span>er<span class=\"_ _4\"></span>, the purchase terms hav<span class=\"_ _4\"></span>e been such that to date al<span class=\"_ _c\"></span>l<span class=\"_ _36a\"> </span>contracts hav<span class=\"_ _3\"></span>e been allocated to the \u2018<span class=\"_ _4\"></span>other\u2019 profitable cohort. <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Discount rates<span class=\"_ _36a\"> </span>Cash flows are discounted using cur<span class=\"_ _3\"></span>rency-specific, risk-free <span class=\"_ _5\"></span>yield curves adjusted for the characteristics<span class=\"_ _36a\"> </span>of the cash flows and the liquidity <span class=\"_ _3\"></span>of the insurance contracts. <span class=\"_ _2f\"></span>The Group applies a \u2018bottom-up\u2019<span class=\"_ _36a\"> </span>approach to determining discount rates and follo<span class=\"_ _3\"></span>ws the methodology used by the PRA and EIOP<span class=\"_ _5\"></span>A<span class=\"_ _36a\"> </span>to determine risk-free <span class=\"_ _4\"></span>yield curves and ultimate f<span class=\"_ _3\"></span>orward rates f<span class=\"_ _4\"></span>or regulatory solvency calculations.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>o reflect the liquid<span class=\"_ _c\"></span>ity or <span class=\"_ _3\"></span>otherwise of the insurance contracts, the risk-free <span class=\"_ _5\"></span>yield curves are adjusted<span class=\"_ _36a\"> </span>by an illiquidity premium, which is aligned to the <span class=\"_ _4\"></span>SII <span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>olatility Adjustment.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or certain Dutch \u2018savings mortgage<span class=\"_ _4\"></span>\u2019 products, there is a direct connection to the policyholder<span class=\"_ _c\"></span>\u2019<span class=\"_ _4\"></span>s<span class=\"_ _36a\"> </span>mortgage loan and the premiums to repay the loan in that the crediting rate is set such that the<span class=\"_ _36a\"> </span>account value will be <span class=\"_ _3\"></span>equal to the balance on the loan at maturity<span class=\"_ _5\"></span>. For this product, the cash flo<span class=\"_ _4\"></span>ws<span class=\"_ _36a\"> </span>are discounted using the same curve used to v<span class=\"_ _3\"></span>alue the corresponding mortgage assets which itself<span class=\"_ _36a\"> </span>is derived from mortgage rates a<span class=\"_ _3\"></span>vailable in the mark<span class=\"_ _3\"></span>et.<span class=\"_ _36a\"> </span>The cash flo<span class=\"_ _3\"></span>ws are discounted using a discount rate that adjusts risk-free <span class=\"_ _4\"></span>yields for portf<span class=\"_ _3\"></span>olio specific<span class=\"_ _36a\"> </span>characteristics, with diff<span class=\"_ _3\"></span>erences in liquidity characteristics between the financial assets used to derive the risk-free <span class=\"_ _5\"></span>yield and the relevant liability cash flo<span class=\"_ _3\"></span>ws (known as an illiquidity premium).<span class=\"_ _36a\"> </span>Inflation rates mainly relate to e<span class=\"_ _3\"></span>xpense inflation. <span class=\"_ _2f\"></span>The assumptions in respect of <span class=\"_ _3\"></span>expense inflation<span class=\"_ _36a\"> </span>reflect the Group\u2019<span class=\"_ _5\"></span>s best estimate view incorporating mark<span class=\"_ _3\"></span>et consistent data such as earnings indices<span class=\"_ _36a\"> </span>and central bank inflation targets.<span class=\"_ _36a\"> </span>The <span class=\"_ _5\"></span>yield curves that were used to discount the <span class=\"_ _3\"></span>estimates of future cash flo<span class=\"_ _4\"></span>ws that were modelled deterministically are shown in the table below: <span class=\"_ _1f3\"> </span>2025 202<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Yi<span class=\"_ _c\"></span>el<span class=\"_ _c\"></span>d cur<span class=\"_ _c\"></span>ve <span class=\"_ _6a\"> </span>B<span class=\"_ _c\"></span>roa<span class=\"_ _c\"></span>d pr<span class=\"_ _c\"></span>odu<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t cat<span class=\"_ _c\"></span>eg<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>y <span class=\"_ _1f0\"> </span>Cu<span class=\"_ _c\"></span>rren<span class=\"_ _c\"></span>cy <span class=\"_ _d3\"> </span>1 yr <span class=\"_ _3b\"> </span>5 y<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>s <span class=\"_ _155\"> </span>10 y<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>s <span class=\"_ _140\"> </span>20 y<span class=\"_ _c\"></span>rs <span class=\"_ _140\"> </span>3<span class=\"_ _c\"></span>0 yr<span class=\"_ _c\"></span>s <span class=\"_ _d3\"> </span>1 yr <span class=\"_ _3b\"> </span>5 yr<span class=\"_ _c\"></span>s <span class=\"_ _155\"> </span>1<span class=\"_ _c\"></span>0 yr<span class=\"_ _c\"></span>s <span class=\"_ _140\"> </span>20 y<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>s <span class=\"_ _140\"> </span>30 y<span class=\"_ _c\"></span>rs<span class=\"_ _36a\"> </span>RFR <span class=\"_ _1f4\"> </span>Unit-linked/inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/with-pr<span class=\"_ _3\"></span>ofits \u2013 VF<span class=\"_ _3\"></span>A <span class=\"_ _b9\"> </span>EUR <span class=\"_ _146\"> </span>2.08<span class=\"_ _3\"></span>% <span class=\"_ _1f5\"> </span>2.48% <span class=\"_ _146\"> </span>2.86% <span class=\"_ _157\"> </span>3.21% <span class=\"_ _139\"> </span>3.<span class=\"_ _c\"></span>29% <span class=\"_ _139\"> </span>2.24% <span class=\"_ _4e\"> </span>2.14% <span class=\"_ _146\"> </span>2<span class=\"_ _c\"></span>.27% <span class=\"_ _139\"> </span>2<span class=\"_ _c\"></span>.26% <span class=\"_ _139\"> </span>2.39% <span class=\"_ _189\"> </span>Unit-linked/index<span class=\"_ _4\"></span>-linked/with-profits \u2013 GMM<span class=\"_ _36a\"> </span>GBP <span class=\"_ _7\"> </span>3.54<span class=\"_ _4\"></span>% <span class=\"_ _7\"> </span>3.67% <span class=\"_ _6\"></span>4.05% <span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.54% <span class=\"_ _6\"></span>4.59% <span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.46% 4.04<span class=\"_ _4\"></span>% <span class=\"_ _6\"></span>4.07% 4<span class=\"_ _c\"></span>.30% <span class=\"_ _1c\"> </span>4<span class=\"_ _c\"></span>.23% <span class=\"_ _189\"> </span><span class=\"ff46\">(with high liquidity)</span> <span class=\"_ _189\"> </span>Short-term protection <span class=\"_ _198\"> </span>SEK <span class=\"_ _157\"> </span>1.97% <span class=\"_ _146\"> </span>2.4<span class=\"_ _3\"></span>7% <span class=\"_ _146\"> </span>2.87% <span class=\"_ _4e\"> </span>3.10% <span class=\"_ _157\"> </span>3.17% <span class=\"_ _eb\"> </span>2.<span class=\"_ _c\"></span>25% <span class=\"_ _4e\"> </span>2.41% <span class=\"_ _139\"> </span>2.63% <span class=\"_ _eb\"> </span>2.93% <span class=\"_ _146\"> </span>3.05%<span class=\"_ _36a\"> </span>RFR + V<span class=\"_ _3\"></span>A <span class=\"_ _95\"> </span>Immediate annuities <span class=\"_ _1ba\"> </span>EUR <span class=\"_ _139\"> </span>2<span class=\"_ _c\"></span>.22% <span class=\"_ _139\"> </span>2<span class=\"_ _c\"></span>.62% <span class=\"_ _163\"> </span>3.00% <span class=\"_ _eb\"> </span>3.35% <span class=\"_ _157\"> </span>3.4<span class=\"_ _4\"></span>1% <span class=\"_ _139\"> </span>2<span class=\"_ _c\"></span>.4<span class=\"_ _4\"></span>7% <span class=\"_ _eb\"> </span>2.37% <span class=\"_ _146\"> </span>2.50% <span class=\"_ _146\"> </span>2.49% <span class=\"_ _146\"> </span>2.58% <span class=\"_ _189\"> </span>T<span class=\"_ _3\"></span>erm assurance and other non-link<span class=\"_ _3\"></span>ed <span class=\"_ _189\"> </span>Unit-linked/index<span class=\"_ _4\"></span>-linked/with-profits \u2013 GMM <span class=\"_ _a5\"> </span>GBP <span class=\"_ _139\"> </span>3.78%<span class=\"fc26\"> <span class=\"_ _157\"> </span></span><span class=\"ws198\">3.91% 4.29% <span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.78<span class=\"_ _3\"></span>% 4<span class=\"_ _c\"></span>.83% 4.70% 4.28% <span class=\"_ _60\"> </span>4.31% <span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.54% 4.4<span class=\"_ _3\"></span>7%</span> <span class=\"_ _189\"> </span><span class=\"ff46\">(with medium liquidity)<span class=\"_ _36a\"> </span></span>Market Mortgage R<span class=\"_ _3\"></span>ates <span class=\"_ _85\"> </span>Scildon  Savings Mortgage <span class=\"_ _1b1\"> </span>EUR <span class=\"_ _eb\"> </span>2.76% <span class=\"_ _157\"> </span>3.17% <span class=\"_ _eb\"> </span>3.55% <span class=\"_ _1f5\"> </span>3.90% <span class=\"_ _139\"> </span>3.97% <span class=\"_ _eb\"> </span>3.36% <span class=\"_ _139\"> </span>3.<span class=\"_ _c\"></span>32% <span class=\"_ _139\"> </span>3.43% <span class=\"_ _139\"> </span>3.39% <span class=\"_ _3b\"> </span>3.51%<span class=\"_ _36a\"> </span>The sensitivity <span class=\"_ _3\"></span>of the <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _4\"></span>e Income and Statement of Financial P<span class=\"_ _5\"></span>osition to movements in the <span class=\"_ _5\"></span>yield curve is shown in Note B3(a)(ii).  (e) <span class=\"_ _6\"></span>Methods used t<span class=\"_ _3\"></span>o measure the r<span class=\"_ _4\"></span>isk adjustment for non-financial r<span class=\"_ _4\"></span>isk<span class=\"_ _36a\"> </span>The Group calculates the risk adjustment using a cost <span class=\"_ _3\"></span>of capital (CoC) methodology similar to the<span class=\"_ _36a\"> </span>PRA and EIOP<span class=\"_ _4\"></span>A <span class=\"_ _3\"></span>Solvency II Risk Margin approach. <span class=\"_ _2f\"></span>The diff<span class=\"_ _4\"></span>erences between the <span class=\"_ _4\"></span>Solvency II Risk<span class=\"_ _36a\"> </span>Margin and the IFRS 1<span class=\"_ _5\"></span>7 risk adjustment for non-financial risk include:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _f\"> </span> <span class=\"_ _12\"></span>the risk adjustment for non-financial risk only includes risks within the IFR<span class=\"_ _4\"></span>S 1<span class=\"_ _3\"></span>7 contract boundary<span class=\"_ _36a\"> </span>which may diff<span class=\"_ _4\"></span>er to the contract boundary assumed in Solv<span class=\"_ _4\"></span>ency II;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span> <span class=\"_ _12\"></span>the <span class=\"_ _3\"></span>Solvency II risk margin mak<span class=\"_ _3\"></span>es allow<span class=\"_ _3\"></span>ance for counterparty def<span class=\"_ _4\"></span>ault risk and operational risk,<span class=\"_ _36a\"> </span>but these are not permitted in the risk adjustment for non-financial risk; and<span class=\"_ _36a\"> </span>(c) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>t<span class=\"_ _c\"></span>he <span class=\"_ _4\"></span>Solvency II risk margin does not apply a tapering factor for the <span class=\"_ _4\"></span>overseas divisions.<span class=\"_ _36a\"> </span>The tapering f<span class=\"_ _3\"></span>actor reduces the liabilities within the Group and was introduced to the risk margin<span class=\"_ _36a\"> </span>calculation as part of the UK <span class=\"_ _4\"></span>SII reforms at December 2023. <span class=\"_ _2f\"></span>The same methodology and parameters<span class=\"_ _36a\"> </span>were applied f<span class=\"_ _3\"></span>or the first time to the risk adjustment calculation for IFR<span class=\"_ _3\"></span>S 1<span class=\"_ _2f\"></span>7 at 3<span class=\"_ _4\"></span>1 December 2024<span class=\"_ _36a\"> </span>as a result of the Group also adopting the tapering f<span class=\"_ _3\"></span>actor in its EcV reporting, from which the CoC<span class=\"_ _36a\"> </span>is also derived.<span class=\"_ _36a\"> </span>In determining the risk adjustment for non-financial risk <span class=\"_ _3\"></span>each entity allo<span class=\"_ _3\"></span>ws for div<span class=\"_ _3\"></span>ersification between<span class=\"_ _36a\"> </span>the risks in a consistent manner to that applied in the <span class=\"_ _3\"></span>Solvency II risk margin. Div<span class=\"_ _3\"></span>ersification is<span class=\"_ _36a\"> </span>allow<span class=\"_ _3\"></span>ed for within <span class=\"_ _3\"></span>each entity<span class=\"_ _5\"></span>, but not across the entities, and is allocated to groups of insurance<span class=\"_ _36a\"> </span>contracts in proportion to the undiversified risk capital amounts. <span class=\"_ _2f\"></span>The risk adjustment is then<span class=\"_ _36a\"> </span>determined by applying a CoC rate to the amount <span class=\"_ _3\"></span>of capital required for <span class=\"_ _3\"></span>each future reporting date<span class=\"_ _36a\"> </span>and discounting the result using the appropriate portfolio le<span class=\"_ _3\"></span>vel risk-free rates adjusted f<span class=\"_ _3\"></span>or illiquidity<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>The required capital is determined using stresses and div<span class=\"_ _3\"></span>ersification factors aligned to the rele<span class=\"_ _3\"></span>vant<span class=\"_ _36a\"> </span>Solvency II methodologies and allocated to groups <span class=\"_ _3\"></span>of contracts in a wa<span class=\"_ _3\"></span>y that is consistent with the<span class=\"_ _36a\"> </span>risk profiles of the groups. <span class=\"_ _2f\"></span>The CoC rate reflects that used in the Group\u2019<span class=\"_ _5\"></span>s o<span class=\"_ _3\"></span>wn EcV reporting, currently<span class=\"_ _36a\"> </span>3.25%pa (2024: 3.25<span class=\"_ _4\"></span>%).<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>o determine the risk adjustments for non-financial risk for reinsurance contracts, the Group applies<span class=\"_ _36a\"> </span>these techniques both gross and net of reinsurance and deriv<span class=\"_ _3\"></span>es the amount of risk being transf<span class=\"_ _4\"></span>erred<span class=\"_ _36a\"> </span>to the reinsurer as the diff<span class=\"_ _3\"></span>erence between the tw<span class=\"_ _3\"></span>o results.<span class=\"_ _36a\"> </span>Ov<span class=\"_ _3\"></span>er a 1<span class=\"_ _4\"></span>-year time horiz<span class=\"_ _3\"></span>on and on a net <span class=\"_ _3\"></span>of reinsurance basis, this risk adjustment corresponds to a confidence lev<span class=\"_ _3\"></span>el of 65.<span class=\"_ _4\"></span>5% (2024: 66.5%). <span class=\"_ _2f\"></span>This is equiv<span class=\"_ _3\"></span>alent to estimating that the probability that<span class=\"_ _36a\"> </span>any changes in best <span class=\"_ _3\"></span>estimate liabilities from non-financial risk o<span class=\"_ _3\"></span>ver the ne<span class=\"_ _3\"></span>xt <span class=\"_ _5\"></span>year ex<span class=\"_ _4\"></span>ceed the amount<span class=\"_ _c\"></span> of the risk adjustment is less than 34.5% (2024: 33.5%). Using statistical approximations, the 1<span class=\"_ _5\"></span>-year<span class=\"_ _36a\"> </span>figure can be transformed into an <span class=\"_ _3\"></span>equivalent confidence le<span class=\"_ _4\"></span>vel ov<span class=\"_ _4\"></span>er the expected lif<span class=\"_ _4\"></span>etime of in-force<span class=\"_ _36a\"> </span>policies of 59.7<span class=\"_ _4\"></span>% (2024: 59.6%).<span class=\"_ _36a\"> </span>A5 <span class=\"_ _6\"></span>Significant accounting judgements and estimates (continued)<span class=\"_ _36a\"> </span>IFRS 1<span class=\"_ _3\"></span>7 accounting judgements (continued)<span class=\"_ _36a\"> </span>(f) <span class=\"_ _6\"></span>Expense allocations<span class=\"_ _36a\"> </span>Expenses cash flows are assessed as to whether the<span class=\"_ _3\"></span>y are attributable to the fulfilment or acquisition<span class=\"_ _36a\"> </span>of insurance contracts. <span class=\"_ _2f\"></span>Where estimates of e<span class=\"_ _4\"></span>xpenses-related cash flows are determined at the<span class=\"_ _36a\"> </span>portfolio le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>or higher<span class=\"_ _4\"></span>, they are allocated to groups <span class=\"_ _4\"></span>of contracts on a systematic basis, such as<span class=\"_ _36a\"> </span>activity-based costing method. <span class=\"_ _2f\"></span>The Group has determined that this method results in a systematic<span class=\"_ _36a\"> </span>and rational allocation.<span class=\"_ _36a\"> </span>(g) <span class=\"_ _6\"></span>Cover<span class=\"_ _4\"></span>age per<span class=\"_ _3\"></span>iod and units<span class=\"_ _36a\"> </span>Judgement is required in determining the <span class=\"_ _3\"></span>expected co<span class=\"_ _3\"></span>verage period <span class=\"_ _4\"></span>over which the CSM is allocated<span class=\"_ _36a\"> </span>into profit or loss f<span class=\"_ _3\"></span>or the services provided <span class=\"_ _3\"></span>or received.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or contracts issued, the Group determines the cov<span class=\"_ _3\"></span>erage period for the CSM recognition as f<span class=\"_ _3\"></span>ollows:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _11\"> </span> <span class=\"_ _12\"></span>for non-participating contracts, the cov<span class=\"_ _3\"></span>erage period corresponds to the policy co<span class=\"_ _3\"></span>verage f<span class=\"_ _3\"></span>or<span class=\"_ _36a\"> </span>mortality and/or morbidity risk and inv<span class=\"_ _3\"></span>estment return services;<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span> <span class=\"_ _12\"></span>for contracts with direct participating f<span class=\"_ _4\"></span>eatures, the coverage period cor<span class=\"_ _3\"></span>responds to the period<span class=\"_ _36a\"> </span>in which insurance or in<span class=\"_ _3\"></span>vestment related services are <span class=\"_ _4\"></span>expected to be provided.<span class=\"_ _36a\"> </span>The co<span class=\"_ _3\"></span>verage period f<span class=\"_ _4\"></span>or reinsurance contracts is determined based on the coverage period <span class=\"_ _4\"></span>of all<span class=\"_ _36a\"> </span>underlying contracts whose cash flows are included in the reinsurance contract boundary<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The CSM at the <span class=\"_ _3\"></span>end of the reporting period is allocated to Income <span class=\"_ _4\"></span>Statement based on the relev<span class=\"_ _3\"></span>ant underlying cov<span class=\"_ _4\"></span>erage units where t<span class=\"_ _c\"></span>he number of co<span class=\"_ _4\"></span>verage units in a group is determined<span class=\"_ _36a\"> </span>by considering, for <span class=\"_ _3\"></span>each contract, the quantity of the benefits pro<span class=\"_ _3\"></span>vided under a contract and its<span class=\"_ _36a\"> </span>expected co<span class=\"_ _3\"></span>verage period. <span class=\"_ _2f\"></span>The quantity <span class=\"_ _3\"></span>of benefits provided includes insurance, in<span class=\"_ _3\"></span>vestment return<span class=\"_ _36a\"> </span>and inv<span class=\"_ _3\"></span>estment-related services and hence the cov<span class=\"_ _3\"></span>erage unit is based on the maximum benefit<span class=\"_ _36a\"> </span>payment (including insurance, in<span class=\"_ _3\"></span>vestment return and in<span class=\"_ _4\"></span>vestment-related services) which may become<span class=\"_ _36a\"> </span>due in a period.<span class=\"_ _36a\"> </span>Where a specific unit of account contains a mixture of services, and therefore coverage units, it is<span class=\"_ _36a\"> </span>necessary to weight the coverage units so that the resulting profile of CSM release reflects the<span class=\"_ _36a\"> </span>overall package of benefits provided. This is particularly pertinent to units of account incorporating<span class=\"_ _36a\"> </span>a combination of immediate and deferred annuities. Under IFRS 17, deferred annuities usually<span class=\"_ _36a\"> </span>provide multiple services, split between the two phases of benefit provision (the deferral phase and<span class=\"_ _36a\"> </span>the payment phase). Judgement is therefore required to combine the different coverage units so that they fairly reflect the services provided. The weighting between the deferral phase and the<span class=\"_ _36a\"> </span>payment phase coverage units is calculated so that the services provided in the deferral phase<span class=\"_ _36a\"> </span>reflect the investment return provided and the probability weighted delivery of any lump sum death<span class=\"_ _36a\"> </span>benefits, both adjusted so that all of the CSM is earned in the deferral phase for all contracts<span class=\"_ _36a\"> </span>which do not enter the payment phase either through transfer out, withdrawal of funds or death.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or contracts that provide an in<span class=\"_ _3\"></span>vestment return <span class=\"_ _4\"></span>or investment-related service, the account balance is generally considered the main driver f<span class=\"_ _3\"></span>or determining the amount of service pro<span class=\"_ _3\"></span>vided in a period.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or products that provide an insurance service the sum assured, in <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>cess of any account balance, is considered the main driver f<span class=\"_ _3\"></span>or determining the amount of insurance service pro<span class=\"_ _3\"></span>vided in a period.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table pro<span class=\"_ _3\"></span>vides details of the co<span class=\"_ _4\"></span>verage units applied for the broad product categories:<span class=\"_ _36a\"> </span>Product category <span class=\"_ _1f6\"> </span>T<span class=\"_ _4\"></span>ypical coverage<span class=\"_ _3\"></span> unit<span class=\"_ _36a\"> </span>Immediate annuities <span class=\"_ _1f0\"> </span>Annuity face amount<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm assurance and other non-linked <span class=\"_ _18a\"> </span>Ter<span class=\"_ _3\"></span>m assurance: Sum insured <span class=\"_ _118\"> </span> <span class=\"_ _0\"></span>Other non-linked: Higher of death and maturity benefit<span class=\"_ _36a\"> </span>Unit-linked/inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/with-pr<span class=\"_ _3\"></span>ofits \u2013 GMM <span class=\"_ _f9\"> </span> <span class=\"_ _0\"></span>Higher of death benefit, account value and maturity benefit<span class=\"_ _36a\"> </span>Unit-linked/inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/with-pr<span class=\"_ _3\"></span>ofits \u2013 VF<span class=\"_ _3\"></span>A <span class=\"_ _132\"> </span> <span class=\"_ _8\"></span>Higher of death benefit, account v<span class=\"_ _3\"></span>alue and maturity benefit<span class=\"_ _36a\"> </span>Short-term prot<span class=\"_ _3\"></span>ection <span class=\"_ _172\"> </span>N/A<span class=\"_ _36a\"> </span>Notes F2 to F4 provide inf<span class=\"_ _3\"></span>ormation regarding the timing of the future release <span class=\"_ _4\"></span>of the CSM to t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>Income <span class=\"_ _3\"></span>Statement account, based on the CSM at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date.<span class=\"_ _7\"> </span>(h) <span class=\"_ _6\"></span>Non-distinct investment components<span class=\"_ _36a\"> </span>Insurance rev<span class=\"_ _3\"></span>enue and insurance service e<span class=\"_ _4\"></span>xpenses exclude an<span class=\"_ _4\"></span>y NDIC. <span class=\"_ _5\"></span>The Group identifies the<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment component of a contract b<span class=\"_ _4\"></span>y determining t<span class=\"_ _c\"></span>he amount that it would be required to repa<span class=\"_ _3\"></span>y<span class=\"_ _36a\"> </span>to the policyholder in all scenarios with commercial substance. In so doing a judgement that this is from the perspective <span class=\"_ _3\"></span>of the policyholder has been applied. <span class=\"_ _2f\"></span>These include circumstances in which<span class=\"_ _36a\"> </span>an insured e<span class=\"_ _3\"></span>vent <span class=\"_ _4\"></span>occurs or the contract matures or is terminated without an insured <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>ent occurring.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment components are e<span class=\"_ _4\"></span>xcluded from insurance revenue and insurance service <span class=\"_ _4\"></span>expenses. <span class=\"_ _5\"></span>Where<span class=\"_ _36a\"> </span>the required information f<span class=\"_ _3\"></span>or the actual NDIC is unav<span class=\"_ _4\"></span>ailable at a policy level, the Group applies<span class=\"_ _36a\"> </span>estimation techniques based on <span class=\"_ _3\"></span>expected data. <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ypical non-distinct inv<span class=\"_ _3\"></span>estment components are<span class=\"_ _36a\"> </span>outlined in Note A4(a)(xiv).<span class=\"_ _36a\"> </span>Other significant accounting estimates<span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Acquired v<span class=\"_ _4\"></span>alue of in-for<span class=\"_ _3\"></span>ce business (CASLP)<span class=\"_ _36a\"> </span>The Group applies accounting <span class=\"_ _3\"></span>estimates and judgements in determining the fair v<span class=\"_ _3\"></span>alue, amortisation<span class=\"_ _36a\"> </span>and recov<span class=\"_ _3\"></span>erability of acquired in-f<span class=\"_ _3\"></span>orce business. In the initial determination of the acquired v<span class=\"_ _3\"></span>alue of in-force business, the Group uses actuarial models to determine the <span class=\"_ _4\"></span>expected net cash flows (on<span class=\"_ _36a\"> </span>a discounted basis) of the policies acquired. <span class=\"_ _2f\"></span>The k<span class=\"_ _3\"></span>ey assumptions applied in the models are driv<span class=\"_ _3\"></span>en by the <span class=\"_ _3\"></span>expected beha<span class=\"_ _3\"></span>viour of policyholders <span class=\"_ _4\"></span>on termination rates, expenses of management and age<span class=\"_ _36a\"> </span>of individual contract holders as well as global <span class=\"_ _3\"></span>estimates of in<span class=\"_ _3\"></span>vestment gro<span class=\"_ _4\"></span>wt<span class=\"_ _c\"></span>h, based on recent<span class=\"_ _36a\"> </span>experience at the date <span class=\"_ _3\"></span>of acquisition. <span class=\"_ _2f\"></span>The assumptions applied within the models are considered<span class=\"_ _36a\"> </span>against historical e<span class=\"_ _3\"></span>xperience of <span class=\"_ _4\"></span>each of the relevant f<span class=\"_ _4\"></span>actors. Ref<span class=\"_ _3\"></span>er to accounting policy Note A4(i).<span class=\"_ _36a\"> </span>The acquired v<span class=\"_ _3\"></span>alue of in-f<span class=\"_ _4\"></span>orce business is amort<span class=\"_ _c\"></span>ised on a basis that reflects the <span class=\"_ _3\"></span>expected profit<span class=\"_ _36a\"> </span>stream arising from the inv<span class=\"_ _3\"></span>estment contracts acquired at the date of acquisition. <span class=\"_ _2f\"></span>The rate <span class=\"_ _3\"></span>of<span class=\"_ _36a\"> </span>amortisation is therefore based <span class=\"_ _3\"></span>on e<span class=\"_ _3\"></span>xpected claims and the asset is e<span class=\"_ _3\"></span>xpected to run-off <span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>er a period<span class=\"_ _36a\"> </span>of 30 <span class=\"_ _4\"></span>years from the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date.<span class=\"_ _36a\"> </span>Impairment testing requires a degree of <span class=\"_ _3\"></span>estimation and judgement. In particular<span class=\"_ _4\"></span>, the value is sensitiv<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>to the rate at which future cash flows are discounted and to the rates <span class=\"_ _4\"></span>of return on inv<span class=\"_ _3\"></span>ested assets, which hav<span class=\"_ _3\"></span>e been determined with ref<span class=\"_ _3\"></span>erence to our re<span class=\"_ _4\"></span>view of the current mark<span class=\"_ _3\"></span>et assessment of the time value <span class=\"_ _3\"></span>of money and the risks specific to the asset f<span class=\"_ _3\"></span>or which the cash flows ha<span class=\"_ _3\"></span>ve not<span class=\"_ _36a\"> </span>been adjusted. <span class=\"_ _2f\"></span>The actual (pre-tax) rate applied for the impairment test w<span class=\"_ _3\"></span>as 9.45% (31 December<span class=\"_ _36a\"> </span>2024: 9.55%<span class=\"_ _c\"></span>).<span class=\"_ _36a\"> </span>The acquired v<span class=\"_ _3\"></span>alue of in-f<span class=\"_ _4\"></span>orce business for CASLP has been tested f<span class=\"_ _3\"></span>or recov<span class=\"_ _3\"></span>erability as at 3<span class=\"_ _4\"></span>1<span class=\"_ _36a\"> </span>December 2025 and did not identify any material impairment losses. <span class=\"_ _4\"></span>As a result of this, no material<span class=\"_ _36a\"> </span>losses were posted in the <span class=\"_ _5\"></span>year ended 3<span class=\"_ _4\"></span>1 December 2025 (31 December 2024: no impairment).<span class=\"_ _36a\"> </span>A 200 bps increase in the eff<span class=\"_ _3\"></span>ective discount rate w<span class=\"_ _3\"></span>ould reduce the underlying value <span class=\"_ _3\"></span>of in-force<span class=\"_ _36a\"> </span>business in CASLP b<span class=\"_ _4\"></span>y \u00a35.3m (31 December 2024: \u00a32.8m). A 1<span class=\"_ _5\"></span>0% fall in projected future profits would reduce the underlying v<span class=\"_ _3\"></span>alue of in-f<span class=\"_ _3\"></span>orce business in CASLP b<span class=\"_ _4\"></span>y \u00a34.7m (31 December<span class=\"_ _36a\"> </span>2024: \u00a32.8m). <span class=\"_ _b\"> </span>(j) <span class=\"_ _c\"></span>Investment in subsidiar<span class=\"_ _4\"></span>ies<span class=\"_ _36a\"> </span>The Group applies accounting <span class=\"_ _3\"></span>estimates and judgements in determining the holding value and<span class=\"_ _36a\"> </span>recov<span class=\"_ _3\"></span>erability of its in<span class=\"_ _3\"></span>vestment in subsidiaries. <span class=\"_ _4\"></span>An annual impairment test is performed which requires<span class=\"_ _36a\"> </span>a degree of <span class=\"_ _3\"></span>estimation and judgement, and for which reco<span class=\"_ _3\"></span>verability is tested b<span class=\"_ _4\"></span>y reference to their<span class=\"_ _36a\"> </span>Solvency II O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds. <span class=\"_ _5\"></span>The fair v<span class=\"_ _4\"></span>alue of e<span class=\"_ _3\"></span>xisting assets and liabilities is calculated under <span class=\"_ _3\"></span>Solvency II<span class=\"_ _36a\"> </span>methodology<span class=\"_ _4\"></span>, with <span class=\"_ _3\"></span>Solvency II O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds used to approximate the fair v<span class=\"_ _3\"></span>alue of the in<span class=\"_ _4\"></span>vestment in subsidiary and compared to the carrying value as a potential impairment indicator<span class=\"_ _5\"></span>. Solv<span class=\"_ _4\"></span>ency II<span class=\"_ _36a\"> </span>methodology is a widely recognised, regulatory framew<span class=\"_ _3\"></span>ork based on mark<span class=\"_ _3\"></span>et value principles. F<span class=\"_ _4\"></span>or<span class=\"_ _36a\"> </span>prudence, a discount factor is applied to the <span class=\"_ _4\"></span>Solvency II Own F<span class=\"_ _5\"></span>unds valuation to align with market<span class=\"_ _36a\"> </span>experience where M&amp;A transactions ha<span class=\"_ _3\"></span>ve tended to be at a discount to O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds, the factor<span class=\"_ _36a\"> </span>used at 3<span class=\"_ _4\"></span>1 December 2025 was 0.81<span class=\"_ _2f\"></span>.<span class=\"_ _36a\"> </span>Pre<span class=\"_ _3\"></span>viously<span class=\"_ _4\"></span>, EcV methodology was used, which assesses the future cash flo<span class=\"_ _4\"></span>ws on a best-estimate<span class=\"_ _36a\"> </span>basis, discounted at a risk-free rate, to measure the future profitability of the business. Using<span class=\"_ _36a\"> </span>Solvency II O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds is better aligned with market practices and it off<span class=\"_ _4\"></span>ers enhanced comparability<span class=\"_ _36a\"> </span>and transparency<span class=\"_ _4\"></span>. Using <span class=\"_ _3\"></span>Solvency II O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds in place of EcV has not changed the outcome <span class=\"_ _4\"></span>of<span class=\"_ _36a\"> </span>the impairment assessments.<span class=\"_ _36a\"> </span>Where discounted Own F<span class=\"_ _4\"></span>unds does not e<span class=\"_ _3\"></span>xceed the carrying v<span class=\"_ _4\"></span>alue of the inv<span class=\"_ _3\"></span>estment in subsidiary<span class=\"_ _4\"></span>,<span class=\"_ _36a\"> </span>the value in use is calculated based <span class=\"_ _3\"></span>on dividend projections set out in the Group\u2019<span class=\"_ _2f\"></span>s business plan<span class=\"_ _36a\"> </span>approv<span class=\"_ _3\"></span>ed by the B<span class=\"_ _3\"></span>oard. <span class=\"_ _2f\"></span>The dividend projections reflect the emergence <span class=\"_ _3\"></span>of surplus from in-force<span class=\"_ _36a\"> </span>business on a <span class=\"_ _4\"></span>Solvency II basis, and does not include the impact of acquisitions which ha<span class=\"_ _4\"></span>ve been announced.<span class=\"_ _36a\"> </span>The v<span class=\"_ _3\"></span>alue in use was calculated f<span class=\"_ _4\"></span>or t<span class=\"_ _c\"></span>he inv<span class=\"_ _4\"></span>estment in Countrywide Assured. <span class=\"_ _2f\"></span>The value in use<span class=\"_ _36a\"> </span>calculation used a discount rate of 9.45% and a terminal gro<span class=\"_ _3\"></span>wth rate of -1<span class=\"_ _5\"></span>0.4% was applied as the subsidiary is closed to new business. Cash flo<span class=\"_ _3\"></span>ws for the v<span class=\"_ _3\"></span>alue in use were restricted to cash<span class=\"_ _36a\"> </span>flows up to the point where retained <span class=\"_ _3\"></span>earnings becomes nil as further dividends would not be<span class=\"_ _36a\"> </span>legally permissible.<span class=\"_ _36a\"> </span>The impairment assessment sho<span class=\"_ _3\"></span>wed that as at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date, there was a deficit (31 December<span class=\"_ _36a\"> </span>2024: \u00a34.0m) against the carrying value <span class=\"_ _4\"></span>of the investment in subsidiary v<span class=\"_ _3\"></span>alue and hence the carrying<span class=\"_ _36a\"> </span>value w<span class=\"_ _3\"></span>as impaired by \u00a328.2m (31 December 2024: impaired b<span class=\"_ _4\"></span>y \u00a34.0m). Impairments impact t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>Parent Compan<span class=\"_ _4\"></span>y Income Statement and <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition but no impact to the<span class=\"_ _36a\"> </span>Grou<span class=\"_ _c\"></span>p consolidated financial statements.<span class=\"_ _36a\"> </span>The v<span class=\"_ _3\"></span>alue in use calculation for Countrywide <span class=\"_ _4\"></span>Assured is sensitive to the terminal growth rate applied<span class=\"_ _36a\"> </span>to the dividend cash flows. A 1<span class=\"_ _5\"></span>% decrease in the terminal growth rate of projections to -1<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>.4%<span class=\"_ _36a\"> </span>would lead to a reduction in the recoverable amount by \u00a3<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>.3m. The terminal growth rate would need<span class=\"_ _36a\"> </span>to reduce by 4.3% to -1<span class=\"_ _4\"></span>4.7% to result in a materially different impairment value of \u00a338.4m. <span class=\"_ _7\"> </span>(k) P<span class=\"_ _3\"></span>ersistency<span class=\"_ _36a\"> </span>Best <span class=\"_ _3\"></span>estimate assumptions about policyholder behaviour<span class=\"_ _5\"></span>, such as surrenders and lapses, used in estimating future cash flo<span class=\"_ _4\"></span>ws are developed for homogeneous product types and groups <span class=\"_ _4\"></span>of<span class=\"_ _36a\"> </span>policyholders at a local entity le<span class=\"_ _3\"></span>vel. <span class=\"_ _4\"></span>Assumptions are generally based on a combination of the local<span class=\"_ _36a\"> </span>entity\u2019<span class=\"_ _5\"></span>s recent experience and future <span class=\"_ _4\"></span>expectations. Experience is monitored through regular studies,<span class=\"_ _36a\"> </span>the results of which are reflected both in the pricing <span class=\"_ _3\"></span>of new products and in the measurement <span class=\"_ _3\"></span>of<span class=\"_ _36a\"> </span>existing contracts.<span class=\"_ _36a\"> </span>Surrenders and lapses depend on the product and policy duration in f<span class=\"_ _4\"></span>orce. Note B2 provides more<span class=\"_ _36a\"> </span>information <span class=\"_ _3\"></span>on lapse rates and the sensitivity of the Income <span class=\"_ _4\"></span>Statement and Statement <span class=\"_ _4\"></span>of Financial<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>osition to changes in persistency assumptions.<span class=\"_ _36a\"> </span>Ke<span class=\"_ _3\"></span>y sources of estimation and uncer<span class=\"_ _3\"></span>tainty <span class=\"_ _f\"> </span>(l) Mortality/Long<span class=\"_ _4\"></span>evity/Morbidity<span class=\"_ _36a\"> </span>Best <span class=\"_ _3\"></span>estimate assumptions about mortality<span class=\"_ _4\"></span>, longevity and morbidity used in <span class=\"_ _3\"></span>estimating future cash<span class=\"_ _36a\"> </span>flows are de<span class=\"_ _3\"></span>veloped f<span class=\"_ _4\"></span>or homogeneous product types and groups of policyholders at a local entity<span class=\"_ _36a\"> </span>lev<span class=\"_ _3\"></span>el. A<span class=\"_ _4\"></span>ssumpt<span class=\"_ _c\"></span>ions are generally based on a combination <span class=\"_ _3\"></span>of national data, standard industry tables,<span class=\"_ _36a\"> </span>the local entity\u2019<span class=\"_ _2f\"></span>s recent experience and also future <span class=\"_ _3\"></span>expectations. Experience is monitored through<span class=\"_ _36a\"> </span>regular studies, the results of which are reflected both in the pricing <span class=\"_ _3\"></span>of new products and in the<span class=\"_ _36a\"> </span>measurement of <span class=\"_ _3\"></span>existing contracts. Note B2 pro<span class=\"_ _3\"></span>vides more information <span class=\"_ _4\"></span>on mortality rates used and<span class=\"_ _36a\"> </span>the sensitivity of the Income <span class=\"_ _4\"></span>Statement and Consolidated Statement <span class=\"_ _3\"></span>of Financial P<span class=\"_ _4\"></span>osition to<span class=\"_ _36a\"> </span>changes in mortality and morbidity assumptions. (m)  Futur<span class=\"_ _3\"></span>e <span class=\"_ _6\"></span>expenses<span class=\"_ _36a\"> </span>Best-estimate assumptions regarding <span class=\"_ _3\"></span>expenses used in the <span class=\"_ _3\"></span>estimation of future cash flo<span class=\"_ _4\"></span>ws are set<span class=\"_ _36a\"> </span>at a lev<span class=\"_ _3\"></span>el that reflects the Group\u2019<span class=\"_ _5\"></span>s expectations as to future <span class=\"_ _4\"></span>expenditure based on <span class=\"_ _3\"></span>each entity\u2019<span class=\"_ _2f\"></span>s<span class=\"_ _36a\"> </span>cost base and annual budgeting process along with longer<span class=\"_ _5\"></span>-term expectations as to ho<span class=\"_ _4\"></span>w the business<span class=\"_ _36a\"> </span>will run off net <span class=\"_ _4\"></span>of any new business. <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransition costs and major project e<span class=\"_ _3\"></span>xpenses are revie<span class=\"_ _3\"></span>wed <span class=\"_ _4\"></span>on a<span class=\"_ _36a\"> </span>case-by<span class=\"_ _3\"></span>-case basis as to whether they should be treated as non-attributable. Costs which are borne<span class=\"_ _36a\"> </span>centrally for groupwide projects ha<span class=\"_ _3\"></span>ve been considered non-attributable. Expenses pertaining to<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment costs on assets backing liabilities where no in<span class=\"_ _3\"></span>vestment related service is pro<span class=\"_ _4\"></span>vided to<span class=\"_ _36a\"> </span>policyholders, generally term assurance and annuities, are also e<span class=\"_ _3\"></span>xcluded. Note B2 pro<span class=\"_ _3\"></span>vides more<span class=\"_ _36a\"> </span>information <span class=\"_ _3\"></span>on the sensitivity of the Income <span class=\"_ _4\"></span>Statement and Statement <span class=\"_ _4\"></span>of Financial Position to<span class=\"_ _36a\"> </span>changes in future e<span class=\"_ _4\"></span>xpense assumptions.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-436": {
   "value": "Where the fair value of the consideration exceeds the fair value of the assets and liabilities acquire<span class=\"_ _36a\"> </span>d<span class=\"_ _36a\"> </span>it is recognised as a goodwill intangible asset on the Consolidated <span class=\"_ _3\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition.<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-36": {
   "value": "(ad) For<span class=\"_ _3\"></span>eign cur<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>encies<span class=\"_ _36a\"> </span>The individual financial statements <span class=\"_ _3\"></span>of each group compan<span class=\"_ _3\"></span>y are presented in the currency <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>primary economic <span class=\"_ _3\"></span>environment in which it <span class=\"_ _4\"></span>operates, being its funct<span class=\"_ _c\"></span>ional currency<span class=\"_ _5\"></span>. For the purpose<span class=\"_ _36a\"> </span>of these cons<span class=\"_ _3\"></span>olid<span class=\"_ _3\"></span>ate<span class=\"_ _3\"></span>d fin<span class=\"_ _3\"></span>anci<span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>stat<span class=\"_ _3\"></span>emen<span class=\"_ _3\"></span>ts, the results and <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition of<span class=\"_ _36a\"> </span>each Group company are <span class=\"_ _3\"></span>expressed in pounds sterling, which is the functional currency of the P<span class=\"_ _4\"></span>arent<span class=\"_ _36a\"> </span>Company and the presentation currency <span class=\"_ _4\"></span>of the consolidated financial statements.<span class=\"_ _36a\"> </span>In preparing the financial statements of the individual companies, transactions in currencies <span class=\"_ _4\"></span>other<span class=\"_ _36a\"> </span>than the entity\u2019<span class=\"_ _5\"></span>s functional currency<span class=\"_ _5\"></span>, being foreign currencies, are recorded at the rates of <span class=\"_ _4\"></span>exchange<span class=\"_ _36a\"> </span>prev<span class=\"_ _3\"></span>ailing on the dates <span class=\"_ _3\"></span>of the transactions. Income and e<span class=\"_ _3\"></span>xpense items are translated at the av<span class=\"_ _4\"></span>erage<span class=\"_ _36a\"> </span>ex<span class=\"_ _3\"></span>change rates for the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>, unless exchange rates fluct<span class=\"_ _3\"></span>uate significantly during the period, in which<span class=\"_ _36a\"> </span>case the e<span class=\"_ _3\"></span>xchange rates at the dates <span class=\"_ _3\"></span>of transactions are used. At <span class=\"_ _4\"></span>each <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>-end date, monetary assets<span class=\"_ _36a\"> </span>and liabilities which are denominated in foreign currencies are retranslated at the rates pre<span class=\"_ _4\"></span>vailing<span class=\"_ _36a\"> </span>on the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date and ex<span class=\"_ _3\"></span>change diff<span class=\"_ _3\"></span>erences are recognised in profit or loss. Non-monetary items<span class=\"_ _36a\"> </span>carried at fair v<span class=\"_ _4\"></span>alue, which are denominated in foreign currencies, are translated at the rates<span class=\"_ _36a\"> </span>prev<span class=\"_ _3\"></span>ailing when the fair v<span class=\"_ _3\"></span>alue was determined.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or the purpose of presenting consolidated financial statements, the assets and liabilities <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>Group\u2019<span class=\"_ _5\"></span>s foreign operations are translated at <span class=\"_ _4\"></span>exchange rates prev<span class=\"_ _4\"></span>ailing on the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date. Income<span class=\"_ _36a\"> </span>and e<span class=\"_ _3\"></span>xpense items are translated at the av<span class=\"_ _3\"></span>erage e<span class=\"_ _4\"></span>xchange rates for the <span class=\"_ _5\"></span>year<span class=\"_ _4\"></span>, unless e<span class=\"_ _3\"></span>xchange rates<span class=\"_ _36a\"> </span>fluctuate significantly during the period, in which case the e<span class=\"_ _4\"></span>xchange rates at the dates of transactions<span class=\"_ _36a\"> </span>are used. Exchange diff<span class=\"_ _4\"></span>erences arising are classified as other comprehensive income and are<span class=\"_ _36a\"> </span>recognised in the Group\u2019<span class=\"_ _5\"></span>s foreign currency translation reserv<span class=\"_ _3\"></span>e. <span class=\"_ _3\"></span>Such translation diff<span class=\"_ _3\"></span>erences are<span class=\"_ _36a\"> </span>recognised as income or as <span class=\"_ _3\"></span>expense in the <span class=\"_ _5\"></span>year in which the operation is disposed <span class=\"_ _4\"></span>of.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>ransactions relating to business combinat<span class=\"_ _c\"></span>ions denominated in foreign cur<span class=\"_ _3\"></span>rencies are translated<span class=\"_ _36a\"> </span>into sterling at the e<span class=\"_ _3\"></span>xchange rates pre<span class=\"_ _3\"></span>vailing <span class=\"_ _4\"></span>on t<span class=\"_ _c\"></span>he transaction date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-39": {
   "value": "  B2 <span class=\"_ _6\"></span>Underwr<span class=\"_ _4\"></span>iting risk<span class=\"_ _36a\"> </span>General<span class=\"_ _36a\"> </span>Underwriting risk consists of insurance risk, persistency risk (together demographic <span class=\"_ _3\"></span>experience risk)<span class=\"_ _36a\"> </span>and expense risk: \u2013 <span class=\"_ _1f7\"></span><span class=\"ff35 ws1\">Insurance r<span class=\"_ _4\"></span>isk:<span class=\"ff36\"> the risk transfer<span class=\"_ _3\"></span>red from the policyholder to the Group, other than financial risk.<span class=\"_ _36a\"> </span></span></span>Insurance risk arises from uncertainty regarding the occurrence, timing and amount <span class=\"_ _4\"></span>of future claims. \u2013 <span class=\"_ _1f7\"></span><span class=\"ff35 ws1\">P<span class=\"_ _4\"></span>ersistency (or lapse) r<span class=\"_ _3\"></span>isk:<span class=\"ff36\"> the risk that a policyholder will cancel a contract, increase or reduce<span class=\"_ _36a\"> </span></span></span>premiums, withdraw deposits <span class=\"_ _3\"></span>or annuitise a contract earlier <span class=\"_ _3\"></span>or later than e<span class=\"_ _3\"></span>xpected. \u2013 <span class=\"_ _1f7\"></span><span class=\"ff35 ws1\">Expense r<span class=\"_ _3\"></span>isk:<span class=\"ff36\"> the risk of une<span class=\"_ _3\"></span>xpected increases in the administrative costs <span class=\"_ _3\"></span>of servicing contracts.<span class=\"_ _36a\"> </span></span></span>The Group is <span class=\"_ _3\"></span>exposed to diff<span class=\"_ _4\"></span>erent aspects of insurance risk for lif<span class=\"_ _4\"></span>e insurance policies issued: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Mortality risk \u2013 the risk of losses arising from death <span class=\"_ _3\"></span>of lif<span class=\"_ _3\"></span>e insurance policyholders being earlier<span class=\"_ _36a\"> </span>than expected <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Morbidity risk \u2013 the risk of medical claims arising from the diagnosis of illness being higher than expected <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Longe<span class=\"_ _3\"></span>vity risk \u2013 the risk of losses due to policyholders living longer than <span class=\"_ _3\"></span>expected<span class=\"_ _36a\"> </span>The Group\u2019<span class=\"_ _2f\"></span>s management of insurance risk is a critical aspect of its business. <span class=\"_ _2f\"></span>The primary insurance<span class=\"_ _36a\"> </span>activity carried out b<span class=\"_ _4\"></span>y the Group comprises the assumption of the risk of loss from persons that<span class=\"_ _36a\"> </span>are directly subject to the risk. A<span class=\"_ _3\"></span>s such, the Group is e<span class=\"_ _3\"></span>xposed to the uncertainty surrounding the<span class=\"_ _36a\"> </span>timing and sev<span class=\"_ _3\"></span>erity of claims under the related contracts. <span class=\"_ _2f\"></span>The principal risk is that the frequency or sev<span class=\"_ _3\"></span>erity of claims is greater than <span class=\"_ _3\"></span>expected.<span class=\"_ _36a\"> </span>The theory <span class=\"_ _3\"></span>of probability is applied to the pricing and provisioning f<span class=\"_ _3\"></span>or a portfolio <span class=\"_ _3\"></span>of insurance contracts.<span class=\"_ _36a\"> </span>Insured e<span class=\"_ _3\"></span>vents are, b<span class=\"_ _4\"></span>y t<span class=\"_ _c\"></span>heir nature, random, and the actual number and siz<span class=\"_ _3\"></span>e of <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>ents during any one <span class=\"_ _4\"></span>year ma<span class=\"_ _3\"></span>y vary from those <span class=\"_ _4\"></span>est<span class=\"_ _c\"></span>imated using established statistical techniques. It is noted that<span class=\"_ _36a\"> </span>the annuity policies give <span class=\"_ _3\"></span>exposure to longe<span class=\"_ _3\"></span>vity risk, which provides a partial natural hedge to the<span class=\"_ _36a\"> </span>exposure to mortality risk.<span class=\"_ _36a\"> </span>The Group manages its insurance risk through adoption <span class=\"_ _3\"></span>of underwriting strategies, the aim of which<span class=\"_ _36a\"> </span>is to av<span class=\"_ _3\"></span>oid undue concentration of risk, appro<span class=\"_ _3\"></span>val procedures f<span class=\"_ _4\"></span>or new products, pricing guidelines<span class=\"_ _36a\"> </span>and adoption of reinsurance strategies, the aim <span class=\"_ _3\"></span>of which is to reinforce the underwriting strategy<span class=\"_ _36a\"> </span>by a<span class=\"_ _3\"></span>voiding the retention <span class=\"_ _3\"></span>of undue concentration of risk.<span class=\"_ _36a\"> </span>Notwithstanding that the Group pursues common o<span class=\"_ _3\"></span>verarching <span class=\"_ _3\"></span>objectives and <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>s similar<span class=\"_ _36a\"> </span>techniques in managing these risks, the range of product characteristics and the diff<span class=\"_ _4\"></span>ering market<span class=\"_ _36a\"> </span>and regulatory en<span class=\"_ _3\"></span>vironments of the UK, <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>edish and Dutch businesses are such that insurance<span class=\"_ _36a\"> </span>risk is managed separately for the separate <span class=\"_ _3\"></span>operating segments and concentration of insurance<span class=\"_ _36a\"> </span>risk is mitigated. <span class=\"_ _2f\"></span>The UK segment consists of largely closed legacy books <span class=\"_ _4\"></span>of business that are in<span class=\"_ _36a\"> </span>run-off<span class=\"_ _4\"></span>, the single premium onshore bond which is <span class=\"_ _3\"></span>open to new business is v<span class=\"_ _3\"></span>alued under IFRS 9.<span class=\"_ _36a\"> </span>The Dutch business contains a number <span class=\"_ _3\"></span>of books which are closed and also writes new business<span class=\"_ _36a\"> </span>under the brand name <span class=\"_ _3\"></span>Scildon. <span class=\"_ _2f\"></span>The <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>edish segment, Movestic, also writes new business ho<span class=\"_ _4\"></span>wev<span class=\"_ _3\"></span>er<span class=\"_ _36a\"> </span>this predominantly comprises of in<span class=\"_ _3\"></span>vestment contracts v<span class=\"_ _3\"></span>alued under IFRS 9.<span class=\"_ _36a\"> </span>Accordingly<span class=\"_ _5\"></span>, the information which follo<span class=\"_ _3\"></span>ws (and also the quantitative disclosures in <span class=\"_ _4\"></span>Section F of<span class=\"_ _36a\"> </span>the notes to the financial statements) diff<span class=\"_ _3\"></span>erentiates these segments and sets out f<span class=\"_ _3\"></span>or each the k<span class=\"_ _3\"></span>ey<span class=\"_ _36a\"> </span>risks arising from insurance contracts and how those risks are measured and managed.<span class=\"_ _36a\"> </span>UK business<span class=\"_ _36a\"> </span>The main insurance contract portf<span class=\"_ _3\"></span>olios within the UK and the associated risks that hav<span class=\"_ _3\"></span>e a material<span class=\"_ _36a\"> </span>eff<span class=\"_ _3\"></span>ect on the amount, timing and uncertainty <span class=\"_ _3\"></span>of future cash flows arising from the insurance contracts<span class=\"_ _36a\"> </span>issued are as follo<span class=\"_ _3\"></span>ws:<span class=\"_ _36a\"> </span>Immediate annuities<span class=\"_ _36a\"> </span>Immediate annuities provide regular income pa<span class=\"_ _3\"></span>yments generally during the outstanding lif<span class=\"_ _4\"></span>e of the policyholder<span class=\"_ _4\"></span>, and in some cases that of a surviving spouse <span class=\"_ _3\"></span>or partner<span class=\"_ _4\"></span>. In certain cases,<span class=\"_ _36a\"> </span>payments ma<span class=\"_ _3\"></span>y be guaranteed for a minimum period. <span class=\"_ _2f\"></span>These contracts <span class=\"_ _3\"></span>expose the business to<span class=\"_ _36a\"> </span>longevity risk.<span class=\"_ _36a\"> </span>T<span class=\"_ _9\"></span>erm assur<span class=\"_ _4\"></span>ances and other non-linked<span class=\"_ _36a\"> </span>The principal insurance risk f<span class=\"_ _3\"></span>or these portfolios is mortality risk with some morbidity risk arising from<span class=\"_ _36a\"> </span>critical illness benefits. <span class=\"_ _2f\"></span>The policies generally provide fix<span class=\"_ _3\"></span>ed and guaranteed benefits and have fix<span class=\"_ _3\"></span>ed<span class=\"_ _36a\"> </span>future premiums.<span class=\"_ _36a\"> </span>Unit-link<span class=\"_ _4\"></span>ed/Index<span class=\"_ _3\"></span>-link<span class=\"_ _3\"></span>ed/With-profits \u2013 GMM<span class=\"_ _36a\"> </span>The contracts in these portf<span class=\"_ _3\"></span>olios are with-profits or unit-link<span class=\"_ _3\"></span>ed pensions and savings products which,<span class=\"_ _36a\"> </span>due to the presence of in the mone<span class=\"_ _3\"></span>y guarantees or the charges applied, did not meet t<span class=\"_ _3\"></span>he <span class=\"_ _3\"></span>cr<span class=\"_ _3\"></span>ite<span class=\"_ _3\"></span>ri<span class=\"_ _3\"></span>a<span class=\"_ _36a\"> </span>for measurement under <span class=\"_ _5\"></span>VF<span class=\"_ _4\"></span>A. <span class=\"_ _2f\"></span>The with-profits policies comprise a guaranteed sum assured payable<span class=\"_ _36a\"> </span>on death or at maturity<span class=\"_ _5\"></span>, to which may be added a discretionary terminal bonus. <span class=\"_ _2f\"></span>The unit-lin<span class=\"_ _c\"></span>ked<span class=\"_ _36a\"> </span>policies include guarantees in e<span class=\"_ _3\"></span>xcess <span class=\"_ _3\"></span>of the unit fund. <span class=\"_ _2f\"></span>The principal insurance risk for these contracts<span class=\"_ _36a\"> </span>is mortality risk how<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>er some contracts also contain morbidity risk. <span class=\"_ _1c\"></span>(iv) <span class=\"_ _7\"> </span>Unit-link<span class=\"_ _3\"></span>ed/Index<span class=\"_ _4\"></span>-linked/With-pr<span class=\"_ _3\"></span>ofits <span class=\"_ _1c\"></span>\u2013 VF<span class=\"_ _5\"></span>A<span class=\"_ _36a\"> </span>These portf<span class=\"_ _3\"></span>olios contain unit-linked pensions, <span class=\"_ _3\"></span>endowments and whole <span class=\"_ _4\"></span>of l<span class=\"_ _c\"></span>if<span class=\"_ _4\"></span>e contracts and a smal<span class=\"_ _c\"></span>l<span class=\"_ _36a\"> </span>number of with-profits policies. <span class=\"_ _2f\"></span>The contracts passed the criteria f<span class=\"_ _3\"></span>or measurement under <span class=\"_ _4\"></span>VF<span class=\"_ _5\"></span>A. The principal insurance risk f<span class=\"_ _3\"></span>or these contracts is mortality risk how<span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>er some contracts also contain<span class=\"_ _36a\"> </span>morbidity risk.<span class=\"_ _36a\"> </span>Management of insurance risks<span class=\"_ _36a\"> </span>The risk at <span class=\"_ _3\"></span>outset of a contract is managed through the pricing basis. <span class=\"_ _2f\"></span>Thereafter the risks associated<span class=\"_ _36a\"> </span>with these products are managed by reinsurance and, in some cases, b<span class=\"_ _3\"></span>y the ability to charge the<span class=\"_ _36a\"> </span>policyholder for the mortality benefits pro<span class=\"_ _3\"></span>vided.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or unit-linked contracts there is <span class=\"_ _3\"></span>exposure to insurance risk <span class=\"_ _4\"></span>only insofar as the value of the unit-link<span class=\"_ _4\"></span>ed<span class=\"_ _36a\"> </span>fund is low<span class=\"_ _3\"></span>er than the guaranteed minimum death benefit.<span class=\"_ _36a\"> </span>The with-profits business which is measured using the <span class=\"_ _5\"></span>VF<span class=\"_ _4\"></span>A is reinsured to ReA<span class=\"_ _3\"></span>ssure Limited and hence the only risk retained f<span class=\"_ _3\"></span>or this business is the risk of def<span class=\"_ _3\"></span>ault by the reinsurer and some<span class=\"_ _36a\"> </span>expense risk.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table sho<span class=\"_ _3\"></span>ws the breakdown <span class=\"_ _4\"></span>of insurance and reinsurance contract values by major<span class=\"_ _36a\"> </span>product type for contracts in the UK:<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>e<span class=\"lsf8 ws103\">mb<span class=\"ls18 ws19e\">er 202<span class=\"_ _c\"></span>5 <span class=\"_ _cd\"> </span>2024<span class=\"_ _36a\"> </span></span></span>T<span class=\"_ _3\"></span>yp<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>o<span class=\"_ _c\"></span>f <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>ra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _114\"> </span>Gr<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _11\"> </span>Rein<span class=\"_ _c\"></span>surance  <span class=\"_ _eb\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>al  <span class=\"_ _e3\"> </span>G<span class=\"_ _c\"></span>ro<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s  <span class=\"_ _11\"> </span>Reinsurance  <span class=\"_ _157\"> </span>Tota<span class=\"_ _c\"></span>l <span class=\"_ _1b8\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _d3\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Immediate <span class=\"_ _c\"></span>annuities <span class=\"_ _125\"> </span>96.8  <span class=\"_ _32\"> </span>(41.5 <span class=\"_ _2f\"></span>) <span class=\"_ _42\"> </span>55.3  <span class=\"_ _4e\"> </span>102<span class=\"_ _c\"></span>.0  <span class=\"_ _127\"> </span>(43.9 <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>58<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm assurance and other non-linked <span class=\"_ _1f8\"> </span>89.0  <span class=\"_ _129\"> </span>(60.7 <span class=\"_ _9\"></span>) <span class=\"_ _29\"> </span>28.3  <span class=\"_ _42\"> </span>86<span class=\"_ _c\"></span>.7  <span class=\"_ _85\"> </span>(61<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _137\"> </span>25.6<span class=\"_ _36a\"> </span>Unit-linked/Inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/<span class=\"_ _36a\"> </span>With-profits \u2013 <span class=\"_ _c\"></span>GMM <span class=\"_ _11e\"> </span>222<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _125\"> </span>(0.4 <span class=\"_ _2f\"></span>)<span class=\"_ _c\"></span> <span class=\"_ _1f5\"> </span>2<span class=\"_ _c\"></span>22<span class=\"_ _c\"></span>.4  <span class=\"_ _139\"> </span>20<span class=\"_ _c\"></span>2.4<span class=\"_ _c\"></span>  <span class=\"_ _c4\"> </span>(0.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>)<span class=\"_ _c\"></span> <span class=\"_ _40\"> </span>20<span class=\"_ _c\"></span>2.1<span class=\"_ _36a\"> </span>Unit-linked/Inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/<span class=\"_ _36a\"> </span>Wi<span class=\"_ _3\"></span>th<span class=\"_ _3\"></span>-pr<span class=\"_ _4\"></span>ofits \u2013 <span class=\"_ _c\"></span>VF<span class=\"_ _4\"></span>A <span class=\"_ _154\"> </span>897<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _129\"> </span>(50.4 <span class=\"_ _9\"></span>) <span class=\"_ _163\"> </span>84<span class=\"_ _3\"></span>7<span class=\"_ _4\"></span>.4  <span class=\"_ _40\"> </span>915.6  <span class=\"_ _3a\"> </span>(<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _146\"> </span>868.4<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _72\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _134\"> </span>(1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0 <span class=\"_ _2f\"></span>) <span class=\"_ _18\"> </span>1<span class=\"_ _c\"></span>,1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _33\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7  <span class=\"_ _134\"> </span>(1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _9\"></span>) <span class=\"_ _f6\"> </span>1<span class=\"_ _c\"></span>,1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Concentration of insurance risk<span class=\"_ _36a\"> </span>The UK does not underwrite group insurance co<span class=\"_ _3\"></span>vers which tends to naturally limit geographic<span class=\"_ _36a\"> </span>concentrations. Exposures to material insurance risks, on individual cases, are a<span class=\"_ _3\"></span>voided through the use of quota share and surplus reinsurance and retained sums assured <span class=\"_ _3\"></span>on any <span class=\"_ _3\"></span>one lif<span class=\"_ _4\"></span>e are<span class=\"_ _36a\"> </span>generally under \u00a3250,00<span class=\"_ _c\"></span>0.<span class=\"_ _36a\"> </span>Mortalit<span class=\"_ _c\"></span>y assumptions<span class=\"_ _36a\"> </span>A base mortality table is selected which is most appropriate for <span class=\"_ _3\"></span>each type of contract taking into<span class=\"_ _36a\"> </span>account historical e<span class=\"_ _3\"></span>xperience and where appropriate, reinsurers rates. <span class=\"_ _2f\"></span>The mortality rates reflected<span class=\"_ _36a\"> </span>in these tables are periodically adjusted, allowing f<span class=\"_ _3\"></span>or emerging <span class=\"_ _3\"></span>experience. <span class=\"_ _2f\"></span>The mortality<span class=\"_ _36a\"> </span>assumptions used on the blocks <span class=\"_ _3\"></span>of business most sensitive to changes in mortality assumptions are disclosed below<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>erm assurance ex<span class=\"_ _5\"></span>-Protection Lif<span class=\"_ _3\"></span>e, Lif<span class=\"_ _3\"></span>e Business: 65% <span class=\"_ _2f\"></span>TMN0<span class=\"_ _c\"></span>0 select (2024: 65%) and 65% TFN00 select (non-smokers) (2024: 65%), 65% <span class=\"_ _2f\"></span>TMS0<span class=\"_ _c\"></span>0 select (2024: 65%) and 65% <span class=\"_ _5\"></span>TFS00 select<span class=\"_ _36a\"> </span>(smokers) (2024: 65%).<span class=\"_ _36a\"> </span>Annuitant mortality (CA): <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>04<span class=\"_ _4\"></span>% PMA08 table (2024: 1<span class=\"_ _4\"></span>04%) and 1<span class=\"_ _2f\"></span>1<span class=\"_ _4\"></span>9% PF<span class=\"_ _4\"></span>A08 table (2024: <span class=\"_ _9\"></span>1<span class=\"_ _4\"></span>04%),<span class=\"_ _36a\"> </span>with 1<span class=\"_ _4\"></span>00% CMI_2024 improvements (2024: <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>00% CMI_2023 impro<span class=\"_ _4\"></span>vements) with a 1<span class=\"_ _2f\"></span>.5% long-term<span class=\"_ _36a\"> </span>conv<span class=\"_ _3\"></span>ergence rate from 3<span class=\"_ _4\"></span>1 December 2025 (<span class=\"_ _6\"></span>2024: <span class=\"_ _5\"></span>1<span class=\"_ _2f\"></span>.5%).<span class=\"_ _36a\"> </span>Annuitant mortality (CASLP con<span class=\"_ _4\"></span>ventional annuities): <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>05%<span class=\"_ _4\"></span> PMA08 table (2024: <span class=\"_ _3\"></span>1<span class=\"_ _5\"></span>20%) and 1<span class=\"_ _4\"></span>05%<span class=\"_ _36a\"> </span>PF<span class=\"_ _5\"></span>A08 table (2024: 1<span class=\"_ _4\"></span>20%), with 1<span class=\"_ _4\"></span>00% CMI_2024 improvements (2024: <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>0<span class=\"_ _c\"></span>0%<span class=\"_ _3\"></span> CMI_2023<span class=\"_ _36a\"> </span>improv<span class=\"_ _3\"></span>ements) with a 1<span class=\"_ _2f\"></span>.5% long-term conv<span class=\"_ _3\"></span>ergence rate from 31 December 2025 (2024: <span class=\"_ _5\"></span>1<span class=\"_ _2f\"></span>.5%<span class=\"_ _3\"></span>).<span class=\"_ _36a\"> </span>Other underwr<span class=\"_ _3\"></span>iting r<span class=\"_ _4\"></span>isks on insurance contracts<span class=\"_ _36a\"> </span>Expense risk<span class=\"_ _36a\"> </span>The UK business <span class=\"_ _3\"></span>outsources the majority of <span class=\"_ _3\"></span>operational activities to third party administrators in<span class=\"_ _36a\"> </span>order to reduce the e<span class=\"_ _3\"></span>xpense inefficiencies that would arise with fix<span class=\"_ _3\"></span>ed and semi-fixed costs <span class=\"_ _4\"></span>on a reducing policy base, although this is mitigated by acquisitions <span class=\"_ _3\"></span>of business. <span class=\"_ _2f\"></span>There are, how<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>er<span class=\"_ _4\"></span>,<span class=\"_ _36a\"> </span>risks associated with the use of <span class=\"_ _3\"></span>outsourcing. In particular<span class=\"_ _4\"></span>, there will be a need for periodic<span class=\"_ _36a\"> </span>renegotiations of the terms <span class=\"_ _3\"></span>of the outsourcing arrangements as the <span class=\"_ _4\"></span>existing agreements expire, the<span class=\"_ _36a\"> </span>outcome of which could potentially impact <span class=\"_ _3\"></span>ongoing maintenance e<span class=\"_ _3\"></span>xpenses and inv<span class=\"_ _4\"></span>olve transition<span class=\"_ _36a\"> </span>costs. <span class=\"_ _2f\"></span>There is also a risk that, at some point in the future, third party administrators could default<span class=\"_ _36a\"> </span>on their obligations. <span class=\"_ _2f\"></span>The UK business monitors the financial soundness <span class=\"_ _3\"></span>of third-party administrators<span class=\"_ _36a\"> </span>and has retained step-in rights on the more significant <span class=\"_ _3\"></span>of these agreements. <span class=\"_ _2f\"></span>There are also contractual<span class=\"_ _36a\"> </span>arrangements in place which provide f<span class=\"_ _4\"></span>or financial penalties in the ev<span class=\"_ _3\"></span>ent of def<span class=\"_ _3\"></span>ault by the<span class=\"_ _36a\"> </span>administration service provider<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>In 2023, the UK business entered into a long-term strategic partnership with <span class=\"_ _4\"></span>SS&amp;C <span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>echnologies.<span class=\"_ _36a\"> </span>As the division w<span class=\"_ _3\"></span>orks to migrate its books of business to <span class=\"_ _4\"></span>SS&amp;C, potential delays to the migration<span class=\"_ _36a\"> </span>process, especially due to ne<span class=\"_ _3\"></span>w acquisitions, are a source of <span class=\"_ _3\"></span>expense risk as this aff<span class=\"_ _4\"></span>ects maintenance<span class=\"_ _36a\"> </span>expenses and transition costs.<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ersistency risk<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ersistency risk is the risk that the policyholder cancels the contract or discontinues paying ne<span class=\"_ _3\"></span>w<span class=\"_ _36a\"> </span>premiums into the contract, thereby <span class=\"_ _3\"></span>exposing the UK business to the risk <span class=\"_ _3\"></span>of a reduction in profits.<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ersistency experience is activ<span class=\"_ _3\"></span>ely monitored to allow <span class=\"_ _3\"></span>early identification of trends. In addition,<span class=\"_ _36a\"> </span>reinsurance is in place to limit the impact arising from a mass lapse e<span class=\"_ _3\"></span>vent <span class=\"_ _4\"></span>on the long-term contracts.<span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Swedish business<span class=\"_ _36a\"> </span>The Mo<span class=\"_ _3\"></span>vestic business is f<span class=\"_ _3\"></span>ocused predominantly on unit-link<span class=\"_ _4\"></span>ed savings and pensions in the local<span class=\"_ _36a\"> </span>Sw<span class=\"_ _4\"></span>edish market. IFRS <span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>7 requires that contracts are separated according to the benefits selected.<span class=\"_ _36a\"> </span>The majority <span class=\"_ _3\"></span>of the contracts in Mov<span class=\"_ _3\"></span>estic are classified as inv<span class=\"_ _4\"></span>estment contracts, with no significant<span class=\"_ _36a\"> </span>insurance risk, and are therefore measured under IFR<span class=\"_ _3\"></span>S 9, how<span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>er some of the savings benefits do,<span class=\"_ _36a\"> </span>how<span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>, fall within the scope of IFRS 1<span class=\"_ _4\"></span>7<span class=\"_ _3\"></span>. In addition, there is some short-term protection business,<span class=\"_ _36a\"> </span>measured under P<span class=\"_ _4\"></span>AA.<span class=\"_ _36a\"> </span>(i) <span class=\"_ _7\"> </span>Unit-linked/Index<span class=\"_ _4\"></span>-link<span class=\"_ _3\"></span>ed/With-profits <span class=\"_ _6\"></span>\u2013 VF<span class=\"_ _4\"></span>A<span class=\"_ _36a\"> </span>The insurance benefits within scope <span class=\"_ _3\"></span>of IFRS <span class=\"_ _4\"></span>1<span class=\"_ _2f\"></span>7 are unit-linked pension savings contracts where<span class=\"_ _36a\"> </span>the policyholder has selected to receive a pa<span class=\"_ _3\"></span>yment on surviv<span class=\"_ _3\"></span>al to a specified date but there are no<span class=\"_ _36a\"> </span>payments to beneficiaries <span class=\"_ _3\"></span>on death before this date, with in<span class=\"_ _3\"></span>vested amounts instead becoming the<span class=\"_ _36a\"> </span>property of Mo<span class=\"_ _3\"></span>vestic. <span class=\"_ _2f\"></span>T<span class=\"_ _2f\"></span>o compensate t<span class=\"_ _c\"></span>he insured for this risk, Mo<span class=\"_ _3\"></span>vestic allocates inheritance gains<span class=\"_ _36a\"> </span>on a monthly basis to surviving policyholders such that the gains broadly match the long-term<span class=\"_ _36a\"> </span>av<span class=\"_ _3\"></span>erage values retained due to death. <span class=\"_ _4\"></span>At the individual beneficiary level there is insurance risk as<span class=\"_ _36a\"> </span>significant additional amounts are paid to the beneficiary on surviv<span class=\"_ _3\"></span>al compared to receiving no<span class=\"_ _36a\"> </span>payment on death.  B2 <span class=\"_ _6\"></span>Underwr<span class=\"_ _4\"></span>iting risk (continued) <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Swedish business (continued)  (ii) <span class=\"_ _6\"></span>Shor<span class=\"_ _3\"></span>t-ter<span class=\"_ _4\"></span>m prot<span class=\"_ _3\"></span>ection<span class=\"_ _36a\"> </span>These portf<span class=\"_ _3\"></span>olios primarily include insurance contracts providing: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Lif<span class=\"_ _3\"></span>e cov<span class=\"_ _3\"></span>er on an individual <span class=\"_ _3\"></span>or group contract basis <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Accident and sickness co<span class=\"_ _3\"></span>ver f<span class=\"_ _3\"></span>or group contracts <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Income protection benefits separated from group pension schemes <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>W<span class=\"_ _3\"></span>aiver <span class=\"_ _3\"></span>of premium separated from group pension schemes<span class=\"_ _36a\"> </span>The principal risk f<span class=\"_ _3\"></span>or the lif<span class=\"_ _3\"></span>e cov<span class=\"_ _4\"></span>er is mortality risk and t<span class=\"_ _c\"></span>he principal risk for the remaining products<span class=\"_ _36a\"> </span>is morbidity risk. <span class=\"_ _2f\"></span>The abov<span class=\"_ _3\"></span>e are 1<span class=\"_ _4\"></span>-year contracts as Mo<span class=\"_ _3\"></span>vestic has the practical ability to re-price all<span class=\"_ _36a\"> </span>benefits within 1 <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>Management of insurance risks<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or linked contracts the in<span class=\"_ _4\"></span>vestment risk is borne by the policyholder and there is limited e<span class=\"_ _4\"></span>xposure<span class=\"_ _36a\"> </span>to insurance risk. In addition, the allocation of inheritance gains are re<span class=\"_ _3\"></span>view<span class=\"_ _3\"></span>ed regularly and are<span class=\"_ _36a\"> </span>subject to change in order that the inheritance gains allocated broadly <span class=\"_ _3\"></span>equals the amount paid to<span class=\"_ _36a\"> </span>Mov<span class=\"_ _3\"></span>estic on death, thereb<span class=\"_ _3\"></span>y reducing the risk to Mov<span class=\"_ _3\"></span>estic.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or the contracts measured under the P<span class=\"_ _4\"></span>AA the ke<span class=\"_ _3\"></span>y risks are managed through appropriate product<span class=\"_ _36a\"> </span>design and pricing of the policies to <span class=\"_ _3\"></span>ensure that the potential cost to Mov<span class=\"_ _3\"></span>estic of these <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>ents (and<span class=\"_ _36a\"> </span>associated e<span class=\"_ _3\"></span>xpenses of underwriting and administration) are reflected in the price charged to the<span class=\"_ _36a\"> </span>policyholder<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>These contracts are either 1<span class=\"_ _5\"></span>-year contracts or Mo<span class=\"_ _3\"></span>vestic has the practical ability to re-price<span class=\"_ _36a\"> </span>all benefits within 1 <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>, which allows Mov<span class=\"_ _4\"></span>est<span class=\"_ _c\"></span>ic to manage its risk e<span class=\"_ _3\"></span>xposure. In addition, risk is<span class=\"_ _36a\"> </span>further mitigated by the use <span class=\"_ _3\"></span>of reinsurance.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table sho<span class=\"_ _3\"></span>ws the breakdown <span class=\"_ _4\"></span>of insurance and reinsurance contract values by major<span class=\"_ _36a\"> </span>product type for contracts in <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>eden:<span class=\"_ _36a\"> </span>31 December <span class=\"_ _173\"> </span>2025 <span class=\"_ _177\"> </span>2<span class=\"_ _c\"></span>024<span class=\"_ _36a\"> </span>T<span class=\"_ _3\"></span>yp<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>o<span class=\"_ _c\"></span>f <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>ra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _114\"> </span>Gr<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _11\"> </span>Rein<span class=\"_ _c\"></span>surance  <span class=\"_ _eb\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>al  <span class=\"_ _e3\"> </span>G<span class=\"_ _c\"></span>ro<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s  <span class=\"_ _11\"> </span>Reinsurance  <span class=\"_ _157\"> </span>Tota<span class=\"_ _c\"></span>l <span class=\"_ _1b8\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _d3\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Long-term with direct participating <span class=\"_ _c\"></span>features <span class=\"_ _3a\"> </span>161.7  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _29\"> </span>161.7  <span class=\"_ _ec\"> </span>142<span class=\"_ _c\"></span>.1  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _f9\"> </span>142<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Short-term <span class=\"_ _c\"></span>protection <span class=\"_ _54\"> </span>31.3  <span class=\"_ _125\"> </span>(1<span class=\"_ _c\"></span>1.6 <span class=\"_ _2f\"></span>) <span class=\"_ _f2\"> </span>19.7  <span class=\"_ _3c\"> </span>32.0  <span class=\"_ _43\"> </span>(1<span class=\"_ _c\"></span>2.4 <span class=\"_ _2f\"></span>) <span class=\"_ _d4\"> </span>19.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _90\"> </span>19<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _128\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _9\"></span>) <span class=\"_ _146\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _157\"> </span>1<span class=\"_ _c\"></span>74.1  <span class=\"_ _129\"> </span>(1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _3b\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Concentration of insurance risk<span class=\"_ _36a\"> </span>Regarding benefits assured f<span class=\"_ _3\"></span>or individual contracts, the combined eff<span class=\"_ _4\"></span>ect of reinsurance and the<span class=\"_ _36a\"> </span>fact that the v<span class=\"_ _3\"></span>ast majority of the total benefit assured relates to numerous small v<span class=\"_ _3\"></span>alue contracts<span class=\"_ _36a\"> </span>limits the lev<span class=\"_ _3\"></span>el of concentration risk. <span class=\"_ _2f\"></span>The use <span class=\"_ _3\"></span>of reinsurance means that e<span class=\"_ _3\"></span>xposures to material<span class=\"_ _36a\"> </span>insurance risks on individual cases are a<span class=\"_ _3\"></span>voided, with 96.9% <span class=\"_ _3\"></span>of the business having retained sums<span class=\"_ _36a\"> </span>assured of less than \u00a3250,000.<span class=\"_ _36a\"> </span>In respect of group contracts, the business is <span class=\"_ _3\"></span>exposed to multiple <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ees of the same<span class=\"_ _36a\"> </span>organisation being inv<span class=\"_ _3\"></span>olved in a single loss <span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>ent. Movestic forecasts that its maximum loss w<span class=\"_ _4\"></span>ould<span class=\"_ _36a\"> </span>be of the <span class=\"_ _3\"></span>order of <span class=\"_ _4\"></span>SEK 667m (approximately \u00a353.8m) gross of reinsurance (2024: <span class=\"_ _4\"></span>SEK 666m,<span class=\"_ _36a\"> </span>approximately \u00a348.<span class=\"_ _4\"></span>1m) and SEK 33m (appro<span class=\"_ _3\"></span>ximately \u00a32.<span class=\"_ _4\"></span>7m) after reinsurance. (2024: SEK 33m,<span class=\"_ _36a\"> </span>approximately \u00a32.4m).<span class=\"_ _36a\"> </span>Mortalit<span class=\"_ _c\"></span>y assumptions<span class=\"_ _36a\"> </span>These are not material f<span class=\"_ _3\"></span>or the long-term <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>edish contracts as the inheritance gains allocated by<span class=\"_ _36a\"> </span>Mov<span class=\"_ _3\"></span>estic to the surviving policyholders are such that they broadly match the long-term a<span class=\"_ _3\"></span>verage <span class=\"_ _3\"></span>of<span class=\"_ _36a\"> </span>the amounts retained on death. Mortality assumptions are not material to the protection products<span class=\"_ _36a\"> </span>due to the short-term nature of these contracts.<span class=\"_ _36a\"> </span>Other underwr<span class=\"_ _3\"></span>iting r<span class=\"_ _4\"></span>isks on insurance contracts<span class=\"_ _36a\"> </span>Expense risk<span class=\"_ _36a\"> </span>Expense risk is the risk that e<span class=\"_ _3\"></span>xpenses are higher than e<span class=\"_ _3\"></span>xpected hence leading to a reduction in profits.<span class=\"_ _36a\"> </span>Expenses are actively monitored and managed to reduce this risk.<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ersistency risk<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ersistency risk is the risk that the policyholder cancels the contract or discontinues paying new premiums into the contract, thereb<span class=\"_ _3\"></span>y e<span class=\"_ _3\"></span>xposing the <span class=\"_ _4\"></span>Swedish business to the risk <span class=\"_ _3\"></span>of a reduction in profits. P<span class=\"_ _4\"></span>ersistency experience is activ<span class=\"_ _3\"></span>ely monitored to allow <span class=\"_ _4\"></span>early ident<span class=\"_ _c\"></span>ification of trends. In addition, reinsurance is in place to limit the impact arising from a mass lapse e<span class=\"_ _3\"></span>vent <span class=\"_ _3\"></span>on the<span class=\"_ _36a\"> </span>long-term contracts. <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Dutch business<span class=\"_ _36a\"> </span>This is comprised <span class=\"_ _3\"></span>of the formerly separate businesses, <span class=\"_ _2f\"></span>W<span class=\"_ _3\"></span>aard and <span class=\"_ _3\"></span>Scildon, which merged in July<span class=\"_ _36a\"> </span>2025 and now trade under the brand name <span class=\"_ _4\"></span>Scildon. Scildon contains a mixt<span class=\"_ _3\"></span>ure of unit-link<span class=\"_ _3\"></span>ed and<span class=\"_ _36a\"> </span>traditional savings contracts with lif<span class=\"_ _4\"></span>e cover<span class=\"_ _5\"></span>, term assurance, annuities and group pension business. <span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Immediate annuities<span class=\"_ _36a\"> </span>Immediate annuities provide regular income pa<span class=\"_ _3\"></span>yments for <span class=\"_ _3\"></span>either the outstanding lif<span class=\"_ _4\"></span>etime of the<span class=\"_ _36a\"> </span>policyholder and in some cases the outstanding lif<span class=\"_ _4\"></span>etime of a surviving spouse or partner <span class=\"_ _3\"></span>or for the fixed term chosen b<span class=\"_ _3\"></span>y the policyholder<span class=\"_ _4\"></span>. P<span class=\"_ _3\"></span>ayments are guaranteed f<span class=\"_ _3\"></span>or a minimum period. <span class=\"_ _2f\"></span>These<span class=\"_ _36a\"> </span>contracts e<span class=\"_ _3\"></span>xpose the business to longevity risk.  (ii) <span class=\"_ _6\"></span>T<span class=\"_ _9\"></span>erm assur<span class=\"_ _4\"></span>ance and other non-linked<span class=\"_ _36a\"> </span>Scildon mainly writes term lif<span class=\"_ _3\"></span>e contracts, sold as a regular premium policy<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>The current mass market<span class=\"_ _36a\"> </span>product has no surrender value <span class=\"_ _4\"></span>or profit sharing<span class=\"_ _c\"></span>. <span class=\"_ _5\"></span>The most significant f<span class=\"_ _3\"></span>actors that could increase<span class=\"_ _36a\"> </span>risk are epidemics and changes in lif<span class=\"_ _4\"></span>estyle leading to higher mortality<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>There are also <span class=\"_ _3\"></span>older traditional policies with-profit sharing conditions (before 20<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>) that allow for a<span class=\"_ _36a\"> </span>surrender value at lapse <span class=\"_ _4\"></span>or profit sharing at maturity<span class=\"_ _4\"></span>. <span class=\"_ _5\"></span>There are also <span class=\"_ _3\"></span>endowment, sa<span class=\"_ _3\"></span>vings and funeral<span class=\"_ _36a\"> </span>plans in run-off<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>These are split into separate portfolios reflecting the principal risks of mortality or longevity<span class=\"_ _5\"></span>. (iii) <span class=\"_ _6\"></span>Unit-link<span class=\"_ _4\"></span>ed/Index<span class=\"_ _3\"></span>-link<span class=\"_ _3\"></span>ed/With-profits \u2013 GMM<span class=\"_ _36a\"> </span>Scildon writes unit-linked and inde<span class=\"_ _3\"></span>x<span class=\"_ _5\"></span>-linked business, with most policies paying out 0%, 90% <span class=\"_ _4\"></span>or 1<span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>0%<span class=\"_ _36a\"> </span>of the unit-value at death <span class=\"_ _3\"></span>of the policyholder and 1<span class=\"_ _4\"></span>00% at maturity<span class=\"_ _4\"></span>. <span class=\"_ _5\"></span>When the death benefit is<span class=\"_ _36a\"> </span>greater than 1<span class=\"_ _4\"></span>00% of the unit fund value the principal risk is mortality and if the death benefit is less<span class=\"_ _36a\"> </span>than 1<span class=\"_ _4\"></span>00% of the unit fund value the principal risk is longe<span class=\"_ _3\"></span>vity<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>These are allocated to two portf<span class=\"_ _3\"></span>olios as only policies allocating the majority <span class=\"_ _3\"></span>of premiums to unit-linked holdings passed the criteria <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>VF<span class=\"_ _5\"></span>A eligibility <span class=\"_ _c\"></span>test.<span class=\"_ _36a\"> </span>There is mortgage sa<span class=\"_ _3\"></span>vings business which contain mortality risk. <span class=\"_ _1c\"></span>(iv) <span class=\"_ _7\"> </span>Unit-link<span class=\"_ _3\"></span>ed/Index<span class=\"_ _4\"></span>-linked/With-pr<span class=\"_ _3\"></span>ofits <span class=\"_ _1c\"></span>\u2013 VF<span class=\"_ _5\"></span>A<span class=\"_ _36a\"> </span>As noted abo<span class=\"_ _3\"></span>ve, <span class=\"_ _4\"></span>Scildon contains unit-linked and index<span class=\"_ _5\"></span>-linked sa<span class=\"_ _3\"></span>vings contracts, for which the criteria<span class=\"_ _36a\"> </span>for measurement under <span class=\"_ _5\"></span>VF<span class=\"_ _4\"></span>A are met.<span class=\"_ _36a\"> </span>The group pension contracts are also unit-link<span class=\"_ _3\"></span>ed in nature and pass the <span class=\"_ _5\"></span>VF<span class=\"_ _4\"></span>A eligibility criteria. The principal risk f<span class=\"_ _3\"></span>or these contracts is mortality risk.<span class=\"_ _36a\"> </span>Management of insurance risks<span class=\"_ _36a\"> </span>A notable portion of the division is closed to ne<span class=\"_ _3\"></span>w business and is in run-off and hence no significant<span class=\"_ _36a\"> </span>underwriting occurs. <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>o manage risk on this, the division <span class=\"_ _3\"></span>entered into an e<span class=\"_ _4\"></span>xcess of loss &amp; catastrophe<span class=\"_ _36a\"> </span>(lif<span class=\"_ _3\"></span>e) and quota share (health) reinsurance agreement to mitigate the risk in e<span class=\"_ _3\"></span>xcess <span class=\"_ _3\"></span>of risk appetite for mortality<span class=\"_ _5\"></span>, disability and unemployment.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>erm assurances are the main new business product type where underwriting occurs. F<span class=\"_ _3\"></span>or linked contracts the in<span class=\"_ _3\"></span>vestment risk is borne b<span class=\"_ _4\"></span>y the pol<span class=\"_ _c\"></span>icyholder<span class=\"_ _4\"></span>, therefore there is <span class=\"_ _3\"></span>exposure to<span class=\"_ _36a\"> </span>insurance risk only insof<span class=\"_ _3\"></span>ar as the value <span class=\"_ _3\"></span>of the unit-linked fund is lo<span class=\"_ _4\"></span>wer than any guaranteed benefits.<span class=\"_ _36a\"> </span>Quota share reinsurance agreements are in place with a maximum retention per policy<span class=\"_ _4\"></span>, to mitigate the risk in e<span class=\"_ _3\"></span>xcess <span class=\"_ _3\"></span>of risk appetite for mortality at the moment <span class=\"_ _3\"></span>of underwriting. Catastrophe<span class=\"_ _36a\"> </span>reinsurance is in place to mitigate the loss arising from a catastrophe risk e<span class=\"_ _3\"></span>vent.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table sho<span class=\"_ _3\"></span>ws the breakdown <span class=\"_ _4\"></span>of insurance and reinsurance contract values by major<span class=\"_ _36a\"> </span>product type for contracts in <span class=\"_ _4\"></span>Scildon:<span class=\"_ _36a\"> </span>31 December <span class=\"_ _173\"> </span>2025 <span class=\"_ _177\"> </span>2<span class=\"_ _c\"></span>024<span class=\"_ _36a\"> </span>T<span class=\"_ _3\"></span>yp<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>o<span class=\"_ _c\"></span>f <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>ra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _114\"> </span>Gr<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _11\"> </span>Rein<span class=\"_ _c\"></span>surance  <span class=\"_ _eb\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>al  <span class=\"_ _e3\"> </span>G<span class=\"_ _c\"></span>ro<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s  <span class=\"_ _11\"> </span>Reinsurance  <span class=\"_ _157\"> </span>Tota<span class=\"_ _c\"></span>l <span class=\"_ _1b8\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _d3\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Immediate <span class=\"_ _c\"></span>annuities <span class=\"_ _43\"> </span>219.2  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _40\"> </span>219.2  <span class=\"_ _29\"> </span>143.1  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _3c\"> </span>143.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm assurance and other non-linked <span class=\"_ _182\"> </span>295.6  <span class=\"_ _107\"> </span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _eb\"> </span>302.7  <span class=\"_ _29\"> </span>161.7  <span class=\"_ _124\"> </span>14<span class=\"_ _c\"></span>.6  <span class=\"_ _44\"> </span>176.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Unit-linked/Inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/<span class=\"_ _36a\"> </span>With-profits \u2013 <span class=\"_ _6\"></span>GMM <span class=\"_ _125\"> </span>704.9  <span class=\"_ _126\"> </span>\u2013  <span class=\"_ _146\"> </span>704.9  <span class=\"_ _eb\"> </span>242.2  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _3b\"> </span>242.2<span class=\"_ _36a\"> </span>Unit-linked/Inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/<span class=\"_ _36a\"> </span>With-profits \u2013 <span class=\"_ _6\"></span>VF<span class=\"_ _4\"></span>A <span class=\"_ _10a\"> </span>1,221.6  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _1f9\"> </span>1,221.6  <span class=\"_ _e3\"> </span>1,349.1  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _163\"> </span>1,349.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _188\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _120\"> </span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _2\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _17\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1  <span class=\"_ _130\"> </span>14<span class=\"_ _c\"></span>.6  <span class=\"_ _156\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>91<span class=\"_ _c\"></span>0.7<span class=\"_ _36a\"> </span>Concentration of insurance risk<span class=\"_ _36a\"> </span>Scildon does write group pensions contracts with an e<span class=\"_ _3\"></span>xcess <span class=\"_ _3\"></span>of loss limit of \u20ac200,00<span class=\"_ _c\"></span>0 per lif<span class=\"_ _3\"></span>e, hence<span class=\"_ _36a\"> </span>concentration risk is limited. Regarding benefits assured f<span class=\"_ _3\"></span>or individual contracts, the combined eff<span class=\"_ _4\"></span>ect<span class=\"_ _36a\"> </span>of reinsurance and the fact that the v<span class=\"_ _3\"></span>ast majority of the total benefit assured relates to numerous<span class=\"_ _36a\"> </span>small value contracts, limit the le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>of concentration risk.<span class=\"_ _36a\"> </span>Mortalit<span class=\"_ _c\"></span>y assumptions<span class=\"_ _36a\"> </span>The assumptions diff<span class=\"_ _4\"></span>er by product type, and there are also diff<span class=\"_ _3\"></span>erent assumptions applied within<span class=\"_ _36a\"> </span>each product type depending on when the contract w<span class=\"_ _3\"></span>as written. <span class=\"_ _2f\"></span>The unit-linked contracts are the largest product group and an e<span class=\"_ _3\"></span>xample of the mortality tables used are <span class=\"_ _4\"></span>AG2024. For annuities,<span class=\"_ _36a\"> </span>an e<span class=\"_ _3\"></span>xample of the mortality tables applied are the ES-L2 <span class=\"_ _4\"></span>AG2024.<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ersistency and expense risk<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>o mitigate the expense risk, management actively monitor the <span class=\"_ _4\"></span>expenses incurred to keep costs<span class=\"_ _36a\"> </span>to an appropriate lev<span class=\"_ _3\"></span>el. P<span class=\"_ _4\"></span>ersistency levels are moderate ho<span class=\"_ _4\"></span>wever the<span class=\"_ _4\"></span>y are actively monitored to<span class=\"_ _36a\"> </span>allow <span class=\"_ _3\"></span>early identification of trends. In addition, <span class=\"_ _3\"></span>expense risk w<span class=\"_ _3\"></span>as further mitigated by the integration<span class=\"_ _36a\"> </span>of the <span class=\"_ _2f\"></span>Waard and <span class=\"_ _4\"></span>Scildon businesses, as referred to in the risk management section <span class=\"_ _4\"></span>of the<span class=\"_ _36a\"> </span>Strategic Report.<span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Sensitivity analysis<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing tables sho<span class=\"_ _3\"></span>w the impact to the CSM, profit or loss after tax and shareholders<span class=\"_ _4\"></span>\u2019 equity<span class=\"_ _36a\"> </span>if changes in underwriting risk variables that w<span class=\"_ _3\"></span>ere reasonably possible at the reporting date had<span class=\"_ _36a\"> </span>occurred. <span class=\"_ _2f\"></span>The analysis has been prepared f<span class=\"_ _4\"></span>or a change in the stated variable, with all other assumptions<span class=\"_ _36a\"> </span>remaining constant and presents the impact both before and after reinsurance.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _109\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  <span class=\"_ _d3\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _33\"> </span>Pro<span class=\"_ _c\"></span>fit <span class=\"_ _6\"></span>or  <span class=\"_ _33\"> </span>Pro<span class=\"_ _c\"></span>fit <span class=\"_ _6\"></span>or  <span class=\"_ _eb\"> </span>Equit<span class=\"_ _c\"></span>y  <span class=\"_ _139\"> </span>E<span class=\"_ _c\"></span>qui<span class=\"_ _c\"></span>ty<span class=\"_ _36a\"> </span>Variat<span class=\"_ _c\"></span>ion <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>/aris<span class=\"_ _c\"></span>ing <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _e3\"> </span>gros<span class=\"_ _c\"></span>s  <span class=\"_ _134\"> </span>ne<span class=\"_ _c\"></span>t  <span class=\"_ _14\"> </span>lo<span class=\"_ _c\"></span>ss <span class=\"_ _6\"></span>gro<span class=\"_ _c\"></span>ss  <span class=\"_ _15\"> </span>lo<span class=\"_ _c\"></span>ss <span class=\"_ _6\"></span>ne<span class=\"_ _c\"></span>t  <span class=\"_ _29\"> </span>gr<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _134\"> </span>ne<span class=\"_ _c\"></span>t <span class=\"_ _1e9\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _4\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Mortality and morbidity combined <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _7\"> </span>10% <span class=\"_ _7\"> </span>increase <span class=\"_ _d4\"> </span>(26.3 ) <span class=\"_ _f7\"> </span>(9.2 ) <span class=\"_ _11d\"> </span>(32.1 ) <span class=\"_ _11f\"> </span>( 13. 3 ) <span class=\"_ _11d\"> </span>(32.1 ) <span class=\"_ _11f\"> </span>(1 3. 3 )<span class=\"_ _36a\"> </span>Expenses <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _7\"> </span>10% <span class=\"_ _7\"> </span>increase <span class=\"_ _3f\"> </span>(10.2 ) <span class=\"_ _132\"> </span>(10. 3 ) <span class=\"_ _f7\"> </span>(6.2 ) <span class=\"_ _f7\"> </span>(6.2 ) <span class=\"_ _f7\"> </span>(6.2 ) <span class=\"_ _f7\"> </span>(6.2 )<span class=\"_ _36a\"> </span>Lapse <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>10% <span class=\"_ _c\"></span>decrease <span class=\"_ _18c\"> </span>(0.7 <span class=\"_ _9\"></span>) <span class=\"_ _1fa\"> </span>(3.2 <span class=\"_ _2f\"></span>) <span class=\"_ _119\"> </span>0.<span class=\"_ _3\"></span>1  <span class=\"_ _129\"> </span>1.<span class=\"_ _c\"></span>5  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _129\"> </span>1.5<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _120\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _d3\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _33\"> </span>Pro<span class=\"_ _c\"></span>fit <span class=\"_ _6\"></span>or  <span class=\"_ _33\"> </span>Pro<span class=\"_ _c\"></span>fit <span class=\"_ _6\"></span>or  <span class=\"_ _eb\"> </span>Equit<span class=\"_ _c\"></span>y  <span class=\"_ _139\"> </span>E<span class=\"_ _c\"></span>qui<span class=\"_ _c\"></span>ty<span class=\"_ _36a\"> </span>Variat<span class=\"_ _c\"></span>ion <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>/aris<span class=\"_ _c\"></span>ing <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _e3\"> </span>gros<span class=\"_ _c\"></span>s  <span class=\"_ _134\"> </span>ne<span class=\"_ _c\"></span>t  <span class=\"_ _14\"> </span>lo<span class=\"_ _c\"></span>ss <span class=\"_ _6\"></span>gro<span class=\"_ _c\"></span>ss  <span class=\"_ _15\"> </span>lo<span class=\"_ _c\"></span>ss <span class=\"_ _6\"></span>ne<span class=\"_ _c\"></span>t  <span class=\"_ _29\"> </span>gr<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _134\"> </span>ne<span class=\"_ _c\"></span>t <span class=\"_ _1e9\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _4\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Mortality and morbidity combined <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _7\"> </span>10% <span class=\"_ _7\"> </span>increase <span class=\"_ _d4\"> </span>(35 .6 ) <span class=\"_ _e8\"> </span>( 1<span class=\"_ _6\"></span>1.0 ) <span class=\"_ _18b\"> </span>(17.9 ) <span class=\"_ _11d\"> </span>(1<span class=\"_ _6\"></span>1.6 ) <span class=\"_ _e8\"> </span>(17<span class=\"_ _4\"></span>.9 ) <span class=\"_ _123\"> </span>( 1 1.6 )<span class=\"_ _36a\"> </span>Expenses <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _7\"> </span>10% <span class=\"_ _7\"> </span>increase <span class=\"_ _123\"> </span>(1 0.5 ) <span class=\"_ _11d\"> </span>(1<span class=\"_ _6\"></span>1.0 ) <span class=\"_ _f7\"> </span>(5.2 ) <span class=\"_ _134\"> </span>(4.9 ) <span class=\"_ _ea\"> </span>(5.2 ) <span class=\"_ _1fa\"> </span>(4.9 )<span class=\"_ _36a\"> </span>Lapse <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _7\"> </span>10% <span class=\"_ _7\"> </span>decrease <span class=\"_ _66\"> </span>(1.0 ) <span class=\"_ _134\"> </span>(2 . 3 ) <span class=\"_ _134\"> </span>(0. 3 ) <span class=\"_ _e9\"> </span>0. 3 <span class=\"_ _1c\"> </span> <span class=\"_ _11b\"> </span>(0.3 ) <span class=\"_ _e9\"> </span>0.3<span class=\"_ _36a\"> </span>The sensitivities to mortality and morbidity (critical illness) rates sho<span class=\"_ _3\"></span>wn abov<span class=\"_ _3\"></span>e are calculated on the assumption that there would be no consequential change in rates to policyholders. In practice,<span class=\"_ _36a\"> </span>Group policy is to pass costs onto policyholders where it is contractually permitted and where it considers that the impact of the change is significant and subject to treating customers f<span class=\"_ _3\"></span>airly<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>A 1<span class=\"_ _4\"></span>0% increase in mortality and morbidity rates in 2025 is e<span class=\"_ _3\"></span>xpected to result in a higher fall in profits<span class=\"_ _36a\"> </span>compared to 2024 due to the introduction of a ne<span class=\"_ _3\"></span>w protection portfolio f<span class=\"_ _3\"></span>ollowing the P<span class=\"_ _4\"></span>art <span class=\"_ _4\"></span>VII of a<span class=\"_ _36a\"> </span>portfolio acquired in pre<span class=\"_ _3\"></span>vious <span class=\"_ _4\"></span>years in the UK. <span class=\"_ _2f\"></span>This portf<span class=\"_ _3\"></span>olio is well protected with reinsurance and<span class=\"_ _36a\"> </span>the impact on profits after reinsurance is much lo<span class=\"_ _3\"></span>wer<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>There is also a greater f<span class=\"_ _3\"></span>all in <span class=\"_ _3\"></span>Scildon, which<span class=\"_ _36a\"> </span>has the highest e<span class=\"_ _3\"></span>xposure to mortality risks, as it has a low<span class=\"_ _3\"></span>er CSM in 2025. <span class=\"_ _2f\"></span>This means that the CSM<span class=\"_ _36a\"> </span>would absorb less <span class=\"_ _3\"></span>of the impact of the stress.<span class=\"_ _36a\"> </span>The impact <span class=\"_ _3\"></span>of a 1<span class=\"_ _4\"></span>0% increase in e<span class=\"_ _4\"></span>xpenses is relatively stable compared to 2024. <span class=\"_ _5\"></span>This is because<span class=\"_ _36a\"> </span>the strengthening of <span class=\"_ _3\"></span>expense assumptions in the UK and increased number <span class=\"_ _3\"></span>of portfolios in loss<span class=\"_ _36a\"> </span>component is offset b<span class=\"_ _3\"></span>y the positive impact <span class=\"_ _4\"></span>of the expense assumption updates in the Netherlands.<span class=\"_ _36a\"> </span>The impact <span class=\"_ _3\"></span>of a 1<span class=\"_ _4\"></span>0% decrease in lapses on profit has become positiv<span class=\"_ _4\"></span>e on both a gross and net basis.<span class=\"_ _36a\"> </span>This is primarily driv<span class=\"_ _3\"></span>en by <span class=\"_ _4\"></span>Argenta Sa<span class=\"_ _3\"></span>vings Mortgages, where prior assumption changes (low<span class=\"_ _3\"></span>er<span class=\"_ _36a\"> </span>costs on sa<span class=\"_ _3\"></span>vings mortgages) hav<span class=\"_ _4\"></span>e impacted how the sensitivity reacts on the cohort mov<span class=\"_ _4\"></span>ements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNatureAndExtentOfRisksThatAriseFromContractsWithinScopeOfIFRS17Explanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-40": {
   "value": "  B3 <span class=\"_ _6\"></span>Financial r<span class=\"_ _4\"></span>isk<span class=\"_ _36a\"> </span>General<span class=\"_ _36a\"> </span>The Group is <span class=\"_ _3\"></span>exposed to a range <span class=\"_ _4\"></span>of financial risks, principal<span class=\"_ _c\"></span>ly through its insurance contracts,<span class=\"_ _36a\"> </span>financial assets, including assets representing shareholder assets, financial liabilities, including<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment contracts and borro<span class=\"_ _3\"></span>wings, and its reinsurance assets. These risks are described at a<span class=\"_ _36a\"> </span>high lev<span class=\"_ _3\"></span>el in the risk management section of the <span class=\"_ _4\"></span>Annual Report and A<span class=\"_ _3\"></span>ccounts under \u2018PR1 <span class=\"_ _9\"></span>\u2013 Market<span class=\"_ _36a\"> </span>and Liquidity Risk\u2019<span class=\"_ _2f\"></span>.<span class=\"_ _36a\"> </span>In particular<span class=\"_ _4\"></span>, the ke<span class=\"_ _3\"></span>y financial risk is that, in the long term, proceeds from financial assets are not<span class=\"_ _36a\"> </span>sufficient to fund the obligations arising from its insurance and in<span class=\"_ _3\"></span>vestment contracts and borro<span class=\"_ _4\"></span>wings.<span class=\"_ _36a\"> </span>The most important components <span class=\"_ _3\"></span>of this financial risk are market risk (interest rate risk, <span class=\"_ _3\"></span>equity and<span class=\"_ _36a\"> </span>property price risk and foreign currency <span class=\"_ _4\"></span>exchange risk), liquidity risk and credit risk (including the risk<span class=\"_ _36a\"> </span>of reinsurer default).<span class=\"_ _36a\"> </span>The risks related to insurance contracts that ha<span class=\"_ _3\"></span>ve a material <span class=\"_ _3\"></span>eff<span class=\"_ _4\"></span>ect on the amount, timing and<span class=\"_ _36a\"> </span>uncertainty of future cash flo<span class=\"_ _4\"></span>ws arising are set out in Note B2.<span class=\"_ _36a\"> </span>The Group pro<span class=\"_ _3\"></span>vides two types <span class=\"_ _4\"></span>of investment contract: unit-linked sa<span class=\"_ _4\"></span>vings and unit-linked pensions<span class=\"_ _36a\"> </span>predominantly written in the UK and <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>eden.<span class=\"_ _36a\"> </span>(i) <span class=\"_ _2\"> </span> <span class=\"_ _12\"></span>Unit-linked savings are single <span class=\"_ _4\"></span>or regular premium contracts, with the premiums invested in a pooled inv<span class=\"_ _3\"></span>estment fund, where the policyholder\u2019<span class=\"_ _4\"></span>s inv<span class=\"_ _3\"></span>estment is represented by units <span class=\"_ _3\"></span>or trust<span class=\"_ _36a\"> </span>accounts where the policyholder decides where to inv<span class=\"_ _3\"></span>est. On certain contracts there is a small additional benefit pay<span class=\"_ _3\"></span>able on death which is deemed not to transf<span class=\"_ _4\"></span>er significant insurance<span class=\"_ _36a\"> </span>risk to the business for these contracts. <span class=\"_ _2f\"></span>The benefits pa<span class=\"_ _3\"></span>yable at maturity <span class=\"_ _4\"></span>or surrender of the<span class=\"_ _36a\"> </span>contracts are the underlying value <span class=\"_ _3\"></span>of the inv<span class=\"_ _3\"></span>estment in the unit-linked funds <span class=\"_ _3\"></span>or trust accounts,<span class=\"_ _36a\"> </span>less surrender charges where applicable.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span> <span class=\"_ _12\"></span>Unit-linked pensions are single or regular premium contracts with f<span class=\"_ _4\"></span>eatures similar to unit-linked<span class=\"_ _36a\"> </span>savings contracts. B<span class=\"_ _3\"></span>enefits are pay<span class=\"_ _4\"></span>able on transfer<span class=\"_ _5\"></span>, retirement or death.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-41": {
   "value": "  (a) <span class=\"_ _6\"></span>Mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>isk <span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Management of mar<span class=\"_ _3\"></span>k<span class=\"_ _3\"></span>et r<span class=\"_ _3\"></span>isk<span class=\"_ _36a\"> </span>The Group businesses manage their mark<span class=\"_ _3\"></span>et risks within A<span class=\"_ _3\"></span>sset Liability Matching (ALM) framew<span class=\"_ _4\"></span>orks<span class=\"_ _36a\"> </span>that hav<span class=\"_ _3\"></span>e been dev<span class=\"_ _3\"></span>eloped to achiev<span class=\"_ _4\"></span>e long-term investment returns at least <span class=\"_ _3\"></span>equal to their obligations<span class=\"_ _36a\"> </span>under insurance and inv<span class=\"_ _3\"></span>estment contracts, with minimal risk. <span class=\"_ _2f\"></span>W<span class=\"_ _c\"></span>ithin the ALM framew<span class=\"_ _4\"></span>orks the<span class=\"_ _36a\"> </span>businesses produce quarterly reports at legal entity and asset and liability class le<span class=\"_ _3\"></span>vel, which are<span class=\"_ _36a\"> </span>circulated to the businesses<span class=\"_ _3\"></span>\u2019 ke<span class=\"_ _3\"></span>y management. <span class=\"_ _2f\"></span>The principal technique of the <span class=\"_ _4\"></span>ALM frameworks is to match assets to the liabilities arising from insurance and inv<span class=\"_ _3\"></span>estment contracts by ref<span class=\"_ _4\"></span>erence to<span class=\"_ _36a\"> </span>the type of benefits pa<span class=\"_ _3\"></span>yable to policyholders, with separate portf<span class=\"_ _3\"></span>olios of assets being maintained<span class=\"_ _36a\"> </span>for link<span class=\"_ _3\"></span>ed and non-linked liabilities.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or non-unit-linked business, the Group\u2019<span class=\"_ _2f\"></span>s objective is to match the timing and nature <span class=\"_ _3\"></span>of cash flows<span class=\"_ _36a\"> </span>from insurance and inv<span class=\"_ _3\"></span>estment contract liabilities with the timing of cash flo<span class=\"_ _3\"></span>ws from assets subject<span class=\"_ _36a\"> </span>to identical or similar risks. By matching the cash flo<span class=\"_ _3\"></span>ws of liabilities with those <span class=\"_ _3\"></span>of suitable assets,<span class=\"_ _36a\"> </span>market risk is managed <span class=\"_ _3\"></span>eff<span class=\"_ _4\"></span>ect<span class=\"_ _c\"></span>ively<span class=\"_ _5\"></span>, whilst liquidity risk is minimised. <span class=\"_ _5\"></span>These processes to manage<span class=\"_ _36a\"> </span>the risks, which the Group has not changed from previous periods, <span class=\"_ _3\"></span>ensure that the Group is able to meet its obligations under its contractual liabilities as the<span class=\"_ _3\"></span>y fall due.<span class=\"_ _36a\"> </span>Unit-link<span class=\"_ _3\"></span>ed and index<span class=\"_ _4\"></span>-linked insur<span class=\"_ _3\"></span>ance contracts and in<span class=\"_ _3\"></span>vestment contr<span class=\"_ _3\"></span>acts<span class=\"_ _36a\"> </span>The Group matches the financial liabilities relating to these contracts with units in the financial<span class=\"_ _36a\"> </span>assets of the funds to which the v<span class=\"_ _3\"></span>alue of the liabilities is link<span class=\"_ _3\"></span>ed, such that the policyholders bear the<span class=\"_ _36a\"> </span>principal market risk (being interest rate, <span class=\"_ _3\"></span>equity price and foreign cur<span class=\"_ _3\"></span>rency risks) and credit risk.<span class=\"_ _36a\"> </span>Accordingly<span class=\"_ _5\"></span>, this approach results in the Group having no significant direct market <span class=\"_ _3\"></span>or credit risk on<span class=\"_ _36a\"> </span>these contracts. Its primary e<span class=\"_ _3\"></span>xposure to market risk is the risk <span class=\"_ _3\"></span>of volatility in asset-related f<span class=\"_ _4\"></span>ees due to the impact of interest rate, <span class=\"_ _3\"></span>equity price and foreign <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>change rate movements on the f<span class=\"_ _4\"></span>air<span class=\"_ _36a\"> </span>value <span class=\"_ _3\"></span>of the assets held in the linked funds, <span class=\"_ _3\"></span>on which asset-related f<span class=\"_ _4\"></span>ees are based.<span class=\"_ _36a\"> </span>There is residual <span class=\"_ _3\"></span>exposure to mark<span class=\"_ _4\"></span>et risk on certain unit-linked contracts where the Group provides<span class=\"_ _36a\"> </span>to policyholders guarantees as to fund performance <span class=\"_ _3\"></span>or additional benefits which are not dependent<span class=\"_ _36a\"> </span>on fund performance. <span class=\"_ _2f\"></span>This <span class=\"_ _3\"></span>exposure is mitigated to the <span class=\"_ _3\"></span>extent that the Group matches the <span class=\"_ _3\"></span>obligations<span class=\"_ _36a\"> </span>with suitable financial assets e<span class=\"_ _3\"></span>xternal to the unit-linked funds, such that the residual <span class=\"_ _3\"></span>exposure is<span class=\"_ _36a\"> </span>not considered to be material.<span class=\"_ _36a\"> </span>With-profits contr<span class=\"_ _4\"></span>acts<span class=\"_ _36a\"> </span>Some non-linked insurance contracts within the UK businesses include discretionary participation<span class=\"_ _36a\"> </span>f<span class=\"_ _3\"></span>eatures in the form <span class=\"_ _4\"></span>of with-profits policies. For the CA business, where the policyholder benefits<span class=\"_ _36a\"> </span>comprise a discretionary annual bonus and a discretionary terminal bonus, the with-profits business<span class=\"_ _36a\"> </span>is wholly reinsured to ReA<span class=\"_ _3\"></span>ssure Limited and hence there is no market risk f<span class=\"_ _3\"></span>or this class of<span class=\"_ _36a\"> </span>business on a net basis.<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or the CA (S&amp;P) business, the primary inv<span class=\"_ _3\"></span>estment objectiv<span class=\"_ _4\"></span>e of the with-profits policyholder funds<span class=\"_ _36a\"> </span>is that the guaranteed minimum benefits of the with-profits policyholders should be met <span class=\"_ _3\"></span>entirely<span class=\"_ _36a\"> </span>from the policyholder funds.<span class=\"_ _36a\"> </span>The secondary in<span class=\"_ _3\"></span>vestment <span class=\"_ _4\"></span>object<span class=\"_ _c\"></span>ive is, where possible, to pro<span class=\"_ _4\"></span>vide a surplus in excess <span class=\"_ _4\"></span>of the<span class=\"_ _36a\"> </span>guaranteed minimum benefits. <span class=\"_ _2f\"></span>The entire surplus in the policyholder fund accrues to the with-profits<span class=\"_ _36a\"> </span>policyholders. An<span class=\"_ _4\"></span>y deficit in the pol<span class=\"_ _c\"></span>icyholder fund is ultimately borne by shareholders. <span class=\"_ _2f\"></span>Theref<span class=\"_ _3\"></span>ore,<span class=\"_ _36a\"> </span>the Group has a significant e<span class=\"_ _3\"></span>xposure to market risk in relation to with-profits business should the<span class=\"_ _36a\"> </span>with-profits policyholder assets be unable to fully meet the cost of guarantees. <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>o achiev<span class=\"_ _3\"></span>e the<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment objectiv<span class=\"_ _3\"></span>es, the funds may in<span class=\"_ _4\"></span>vest in a range of asset classes including property<span class=\"_ _5\"></span>, equities,<span class=\"_ _36a\"> </span>fixed interest securities, con<span class=\"_ _3\"></span>vertibles, cash and deriv<span class=\"_ _3\"></span>atives, both in UK and <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>erseas.<span class=\"_ _36a\"> </span>Other insurance contr<span class=\"_ _3\"></span>acts<span class=\"_ _36a\"> </span>Other non-linked contracts include contracts which pa<span class=\"_ _3\"></span>y guaranteed benefits on insured <span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>ents, the terms being fixed at the inception <span class=\"_ _3\"></span>of the contract. Exposure to market price risk is minimised by generally in<span class=\"_ _3\"></span>vesting in fix<span class=\"_ _3\"></span>ed-interest debt securities, while interest rate risk is generally managed<span class=\"_ _36a\"> </span>by closely matching contracts written with financial assets <span class=\"_ _3\"></span>of suitable nature, <span class=\"_ _5\"></span>yield, duration and<span class=\"_ _36a\"> </span>currency<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>o the extent that the Group is unable to fully match its interest rate risk, it mak<span class=\"_ _4\"></span>es provision<span class=\"_ _36a\"> </span>in respect of assumed shortf<span class=\"_ _3\"></span>alls on guaranteed returns to policyholders as part <span class=\"_ _4\"></span>of the present<span class=\"_ _36a\"> </span>value <span class=\"_ _3\"></span>of future cash flows <span class=\"_ _4\"></span>of the contracts.<span class=\"_ _36a\"> </span>Shareholder funds<span class=\"_ _36a\"> </span>Shareholder funds at both Group, Parent Compan<span class=\"_ _4\"></span>y and operating subsidiary lev<span class=\"_ _3\"></span>el, in accordance<span class=\"_ _36a\"> </span>with corporate objectiv<span class=\"_ _3\"></span>es and, in some instances, in accordance with local statutory solvency<span class=\"_ _36a\"> </span>requirements, are inv<span class=\"_ _3\"></span>ested in order to protect capital and to minimise mark<span class=\"_ _4\"></span>et and cred<span class=\"_ _c\"></span>it risk.<span class=\"_ _36a\"> </span>Accordingly<span class=\"_ _5\"></span>, they are generally inv<span class=\"_ _3\"></span>ested in assets of a shorter<span class=\"_ _2f\"></span>-term liquid nature, which gives rise<span class=\"_ _36a\"> </span>to the risk of lo<span class=\"_ _3\"></span>wer returns <span class=\"_ _4\"></span>on these investments due to changes in short-term interest rates.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _6\"></span>Int<span class=\"_ _3\"></span>erest r<span class=\"_ _4\"></span>ate r<span class=\"_ _3\"></span>isk<span class=\"_ _36a\"> </span>As discussed in the management <span class=\"_ _3\"></span>of market risk section the Group is <span class=\"_ _3\"></span>exposed to interest rate risks<span class=\"_ _36a\"> </span>in regard to the assets backing non-linked contracts, such assets being primarily in the f<span class=\"_ _3\"></span>orm of<span class=\"_ _36a\"> </span>interest-bearing debt securities. <span class=\"_ _2f\"></span>The e<span class=\"_ _3\"></span>xposure is managed by closely matching contracts written<span class=\"_ _36a\"> </span>with financial assets of suitable nature, <span class=\"_ _5\"></span>yield, duration and currency<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>The tables belo<span class=\"_ _3\"></span>w show the impact <span class=\"_ _3\"></span>of mov<span class=\"_ _4\"></span>ements in per annum market rates of interest <span class=\"_ _3\"></span>on the CSM, profit or loss after tax and <span class=\"_ _3\"></span>on shareholder equity as at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end dates. <span class=\"_ _5\"></span>W<span class=\"_ _3\"></span>e believ<span class=\"_ _3\"></span>e these interest rate<span class=\"_ _36a\"> </span>risk variables, to which the Group results are sensitiv<span class=\"_ _3\"></span>e, represent the ones that might reasonably <span class=\"_ _3\"></span>occur in the future.<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>December <span class=\"_ _c\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _119\"> </span>Increase  <span class=\"_ _134\"> </span>Decrease  <span class=\"_ _e6\"> </span>Increase  <span class=\"_ _134\"> </span>Decrease <span class=\"_ _3\"></span> <span class=\"_ _119\"> </span>Increase<span class=\"_ _3\"></span>  <span class=\"_ _134\"> </span>Decrease<span class=\"_ _36a\"> </span>Variation in/<span class=\"_ _3\"></span>arising from 100 basi<span class=\"_ _c\"></span>s points in market rate<span class=\"_ _3\"></span> of interest <span class=\"_ _f6\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _109\"> </span>Pro<span class=\"_ _c\"></span>fit <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>Shareho<span class=\"_ _c\"></span>lder <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>Share<span class=\"_ _c\"></span>holder <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _100\"> </span>o<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _100\"> </span>or <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _11e\"> </span>equ<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y  <span class=\"_ _100\"> </span>e<span class=\"_ _c\"></span>qu<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _193\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _1f\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _f8\"> </span>58.4  <span class=\"_ _110\"> </span>(69.2 <span class=\"_ _2f\"></span>) <span class=\"_ _113\"> </span>58.4  <span class=\"_ _110\"> </span>(69.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>instruments <span class=\"_ _1fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _111\"> </span>(70.4 <span class=\"_ _9\"></span>) <span class=\"_ _61\"> </span>80.1  <span class=\"_ _10e\"> </span>(70.4 <span class=\"_ _9\"></span>) <span class=\"_ _61\"> </span>80.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _170\"> </span>0.<span class=\"_ _c\"></span>6  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>) <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>12<span class=\"_ _6\"></span>.0 <span class=\"_ _2f\"></span>) <span class=\"_ _f8\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _10e\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.0 <span class=\"_ _9\"></span>) <span class=\"_ _113\"> </span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>December <span class=\"_ _c\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _1b5\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _119\"> </span>Increa<span class=\"_ _3\"></span>se  <span class=\"_ _134\"> </span>Decrease  <span class=\"_ _119\"> </span>In<span class=\"_ _3\"></span>crease<span class=\"_ _3\"></span>  <span class=\"_ _134\"> </span>Decrease  <span class=\"_ _119\"> </span>Incre<span class=\"_ _3\"></span>ase  <span class=\"_ _134\"> </span>Decrease<span class=\"_ _36a\"> </span>Variation in/<span class=\"_ _3\"></span>arising from 100 basi<span class=\"_ _c\"></span>s points in market rate<span class=\"_ _3\"></span> of interest <span class=\"_ _f6\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _109\"> </span>Pro<span class=\"_ _c\"></span>fit <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>Shareho<span class=\"_ _c\"></span>lder <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>Share<span class=\"_ _c\"></span>holder <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _100\"> </span>o<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _100\"> </span>or <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _11e\"> </span>equ<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y  <span class=\"_ _100\"> </span>e<span class=\"_ _c\"></span>qu<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _193\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _96\"> </span>1.0  <span class=\"_ _166\"> </span>(<span class=\"_ _c\"></span>1.7 <span class=\"_ _9\"></span>) <span class=\"_ _116\"> </span>71.<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>  <span class=\"_ _10d\"> </span>(82.1 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>7<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>3  <span class=\"_ _57\"> </span>(82<span class=\"_ _c\"></span>.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>instruments <span class=\"_ _1fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _110\"> </span>(79.4 <span class=\"_ _9\"></span>) <span class=\"_ _65\"> </span>91.2  <span class=\"_ _111\"> </span>(79.4 <span class=\"_ _9\"></span>) <span class=\"_ _65\"> </span>91.2<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _16b\"> </span>(1<span class=\"_ _c\"></span>.7 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(8<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _166\"> </span>9<span class=\"_ _c\"></span>.1  <span class=\"_ _ed\"> </span>(8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _1c1\"> </span>9.1<span class=\"_ _36a\"> </span>The Group\u2019<span class=\"_ _2f\"></span>s exposure to interest rate risk principally comes from non-linked liabilities and<span class=\"_ _36a\"> </span>the assets backing them. <span class=\"_ _2f\"></span>The change in e<span class=\"_ _3\"></span>xposure from 2024 to 2025 is primarily driven b<span class=\"_ _3\"></span>y the<span class=\"_ _36a\"> </span>Netherlands where changes to interest rate curves and a change in the mix <span class=\"_ _3\"></span>of assets resulted in greater sensitivity to the interest rate. <span class=\"_ _2f\"></span>The Group\u2019<span class=\"_ _5\"></span>s only material interest-bearing liability is in<span class=\"_ _36a\"> </span>respect of the <span class=\"_ _2f\"></span>Tier 2 debt for which the interest rate is fix<span class=\"_ _3\"></span>ed and therefore no material <span class=\"_ _3\"></span>exposure. The <span class=\"_ _2f\"></span>Tier 1 notes issued in the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>, classified as equity<span class=\"_ _4\"></span>, hav<span class=\"_ _3\"></span>e discretionary interest which may be<span class=\"_ _36a\"> </span>cancelled for an<span class=\"_ _3\"></span>y reason without default, penalty<span class=\"_ _5\"></span>, or accumulation. <span class=\"_ _2f\"></span>Therefore, there is no <span class=\"_ _3\"></span>exposure to interest rate risk. (iii) <span class=\"_ _6\"></span>Equity pr<span class=\"_ _4\"></span>ice risk<span class=\"_ _36a\"> </span>As discussed in the management <span class=\"_ _3\"></span>of market risk section, the Group is <span class=\"_ _3\"></span>exposed to <span class=\"_ _3\"></span>equity and<span class=\"_ _36a\"> </span>property price risks in regard to the asset-related f<span class=\"_ _3\"></span>ees from the assets backing its unit-linked and<span class=\"_ _36a\"> </span>index<span class=\"_ _5\"></span>-linked insurance contracts and inv<span class=\"_ _4\"></span>estment contracts and also in regard to policyholder<span class=\"_ _36a\"> </span>guarantees for these contracts. <span class=\"_ _2f\"></span>The <span class=\"_ _3\"></span>exposure is mitigated some<span class=\"_ _3\"></span>what by in<span class=\"_ _3\"></span>vesting in suitable financial<span class=\"_ _36a\"> </span>assets outside <span class=\"_ _3\"></span>of the unit-linked and inde<span class=\"_ _3\"></span>x<span class=\"_ _5\"></span>-linked funds.<span class=\"_ _36a\"> </span>The Group is also <span class=\"_ _3\"></span>exposed to <span class=\"_ _4\"></span>equity and property price risks in regard to t<span class=\"_ _c\"></span>he UK with-profits<span class=\"_ _36a\"> </span>products. <span class=\"_ _2f\"></span>The e<span class=\"_ _3\"></span>xposure is mitigated by limiting these in<span class=\"_ _3\"></span>vestments to back the surplus in the rele<span class=\"_ _3\"></span>vant<span class=\"_ _36a\"> </span>funds and not the guaranteed minimum benefits.  (a) <span class=\"_ _6\"></span>Mar<span class=\"_ _4\"></span>ket r<span class=\"_ _4\"></span>isk (continued) (iii) <span class=\"_ _6\"></span>Equity pr<span class=\"_ _4\"></span>ice risk (continued)<span class=\"_ _36a\"> </span>The tables belo<span class=\"_ _3\"></span>w show the impact <span class=\"_ _3\"></span>of mov<span class=\"_ _4\"></span>ements in equity and property values <span class=\"_ _3\"></span>on the CSM, profit or loss after tax and <span class=\"_ _3\"></span>on shareholder equity as at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date. <span class=\"_ _5\"></span>W<span class=\"_ _3\"></span>e believ<span class=\"_ _3\"></span>e these equity and property risk<span class=\"_ _36a\"> </span>variables, to which the Group results are sensitiv<span class=\"_ _3\"></span>e, are appropriate for the current <span class=\"_ _5\"></span>year and represent the <span class=\"_ _3\"></span>ones that might reasonably occur in the future.<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"ls109 ws118\">20<span class=\"lsf8 ws1a2\">2<span class=\"_ _c\"></span>5 <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _119\"> </span>Inc<span class=\"_ _c\"></span>rease  <span class=\"_ _134\"> </span>Dec<span class=\"_ _c\"></span>rease  <span class=\"_ _119\"> </span>Increase  <span class=\"_ _134\"> </span>De<span class=\"_ _c\"></span>crease  <span class=\"_ _119\"> </span>Increase  <span class=\"_ _134\"> </span>D<span class=\"_ _c\"></span>ecrease<span class=\"_ _36a\"> </span></span></span>Variation in/<span class=\"_ _3\"></span>arising from 10% in equity and proper<span class=\"_ _c\"></span>ty price <span class=\"_ _112\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>Shareh<span class=\"_ _c\"></span>older <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>S<span class=\"_ _c\"></span>hareholder <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _100\"> </span>o<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _100\"> </span>or <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _11e\"> </span>equ<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y  <span class=\"_ _100\"> </span>e<span class=\"_ _c\"></span>qu<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _193\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>6.0  <span class=\"_ _115\"> </span>(4.8 <span class=\"_ _2f\"></span>) <span class=\"_ _18a\"> </span>(136.4 <span class=\"_ _9\"></span>) <span class=\"_ _112\"> </span>1<span class=\"_ _c\"></span>36.3  <span class=\"_ _50\"> </span>(136.4 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>136.3<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>instruments <span class=\"_ _1fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10e\"> </span>140.3  <span class=\"_ _18a\"> </span>(<span class=\"_ _c\"></span>140.4 <span class=\"_ _9\"></span>) <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>40.3  <span class=\"_ _18a\"> </span>(140.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _51\"> </span>(4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _ed\"> </span>(4.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _ed\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _ed\"> </span>(4<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"ls109 ws118\">20<span class=\"lsf8 ws1a2\">24 <span class=\"_ _1ff\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _119\"> </span>Inc<span class=\"_ _c\"></span>rease  <span class=\"_ _134\"> </span>De<span class=\"_ _c\"></span>crease  <span class=\"_ _119\"> </span>Increase  <span class=\"_ _134\"> </span>D<span class=\"_ _c\"></span>ecrease  <span class=\"_ _119\"> </span>Increase  <span class=\"_ _134\"> </span>D<span class=\"_ _c\"></span>ecrease<span class=\"_ _36a\"> </span></span></span>Variation in/<span class=\"_ _3\"></span>arising from 10% in equity and proper<span class=\"_ _c\"></span>ty price <span class=\"_ _112\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>Shareh<span class=\"_ _c\"></span>older <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>S<span class=\"_ _c\"></span>hareholder <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _100\"> </span>o<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _100\"> </span>or <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _11e\"> </span>equ<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y  <span class=\"_ _100\"> </span>e<span class=\"_ _c\"></span>qu<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _193\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>5.8  <span class=\"_ _ed\"> </span>(5.8 <span class=\"_ _2f\"></span>) <span class=\"_ _18a\"> </span>(149.5 <span class=\"_ _2f\"></span>) <span class=\"_ _104\"> </span>149.6  <span class=\"_ _19e\"> </span>(<span class=\"_ _c\"></span>149.5 <span class=\"_ _9\"></span>) <span class=\"_ _126\"> </span>149.6<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>instruments <span class=\"_ _1fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _111\"> </span>154<span class=\"_ _c\"></span>.7  <span class=\"_ _154\"> </span>(154.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _126\"> </span>154.7  <span class=\"_ _154\"> </span>(154<span class=\"_ _c\"></span>.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _116\"> </span>(5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _16b\"> </span>5.<span class=\"_ _6\"></span>2  <span class=\"_ _116\"> </span>(5<span class=\"_ _6\"></span>.2 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>5<span class=\"_ _6\"></span>.2  <span class=\"_ _65\"> </span>(5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>A fall in <span class=\"_ _3\"></span>equity and property values reduces policyholder fund v<span class=\"_ _3\"></span>alues and so reduces the value <span class=\"_ _4\"></span>of charge income. <span class=\"_ _5\"></span>Thus, the profit and loss impact of a 1<span class=\"_ _5\"></span>0% decrease in equity and property values is negativ<span class=\"_ _3\"></span>e.<span class=\"_ _36a\"> </span>This impact is relativ<span class=\"_ _3\"></span>ely stable compared to 2024. (iv) <span class=\"_ _6\"></span>Cur<span class=\"_ _4\"></span>rency r<span class=\"_ _3\"></span>isk<span class=\"_ _36a\"> </span>Currency risk is the risk that the fair v<span class=\"_ _4\"></span>alue or future cash flows <span class=\"_ _3\"></span>of an asset or liability will change as a result of mo<span class=\"_ _3\"></span>vements in f<span class=\"_ _3\"></span>oreign e<span class=\"_ _4\"></span>xchange rates. <span class=\"_ _5\"></span>The Group\u2019<span class=\"_ _2f\"></span>s exposure to currency risk is<span class=\"_ _36a\"> </span>minimised to the e<span class=\"_ _3\"></span>xtent that the risk on in<span class=\"_ _3\"></span>vestments denominated in f<span class=\"_ _4\"></span>oreign currencies which<span class=\"_ _36a\"> </span>back unit-linked in<span class=\"_ _3\"></span>vestment and insurance contracts is borne b<span class=\"_ _3\"></span>y policyholders. It is, how<span class=\"_ _4\"></span>ever<span class=\"_ _5\"></span>,<span class=\"_ _36a\"> </span>exposed to currency risk through:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _2\"> </span> <span class=\"_ _12\"></span>its investment in Mo<span class=\"_ _3\"></span>vestic, the assets and liabilities <span class=\"_ _3\"></span>of which are principally denominated in S<span class=\"_ _4\"></span>wedish krona; and<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _d\"> </span> <span class=\"_ _12\"></span>its investment in <span class=\"_ _4\"></span>Scildon, the assets and liabilities of which are principally deno<span class=\"_ _3\"></span>mina<span class=\"_ _3\"></span>ted in euros.<span class=\"_ _36a\"> </span>The Group\u2019<span class=\"_ _2f\"></span>s currency risk through its ownership <span class=\"_ _3\"></span>of Mov<span class=\"_ _4\"></span>est<span class=\"_ _c\"></span>ic and <span class=\"_ _4\"></span>Scildon is reflected in:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span> <span class=\"_ _0\"></span>foreign e<span class=\"_ _3\"></span>xchange translation diff<span class=\"_ _4\"></span>erences arising on the translation into sterling and consolidation<span class=\"_ _36a\"> </span>of Mov<span class=\"_ _3\"></span>estic and <span class=\"_ _3\"></span>Scildon<span class=\"_ _4\"></span>\u2019<span class=\"_ _5\"></span>s financial statements; and<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span> <span class=\"_ _12\"></span>the impact of adverse <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>change rate mov<span class=\"_ _3\"></span>ements on cash flo<span class=\"_ _3\"></span>ws between Chesnara plc and its foreign subsidiaries: in the short term these relate to cash flo<span class=\"_ _3\"></span>ws from Mov<span class=\"_ _3\"></span>estic and <span class=\"_ _3\"></span>Scildon<span class=\"_ _36a\"> </span>to Chesnara by w<span class=\"_ _3\"></span>ay <span class=\"_ _4\"></span>of d<span class=\"_ _c\"></span>ividend payments. <span class=\"_ _2f\"></span>The risk <span class=\"_ _3\"></span>on cash flows is reduced b<span class=\"_ _3\"></span>y: <span class=\"_ _156\"> </span>(a) <span class=\"_ _14\"> </span> <span class=\"_ _0\"></span>the foreign currency hedge held b<span class=\"_ _4\"></span>y Chesnara plc which mitigates against adverse<span class=\"_ _36a\"> </span>ex<span class=\"_ _3\"></span>change rate impacts whilst also providing a dampening <span class=\"_ _3\"></span>eff<span class=\"_ _4\"></span>ect to a fav<span class=\"_ _3\"></span>ourable currency<span class=\"_ _36a\"> </span>mov<span class=\"_ _3\"></span>ement, and; <span class=\"_ _156\"> </span>(b) <span class=\"_ _13\"> </span> <span class=\"_ _12\"></span>by closely monitoring e<span class=\"_ _3\"></span>xchange rate mo<span class=\"_ _4\"></span>vements and buying forw<span class=\"_ _4\"></span>ard foreign e<span class=\"_ _3\"></span>xchange<span class=\"_ _36a\"> </span>contracts, where deemed appropriate.<span class=\"_ _36a\"> </span>Each business unit settles its material transactions in its functional currency<span class=\"_ _5\"></span>, as such the Group\u2019<span class=\"_ _4\"></span>s<span class=\"_ _36a\"> </span>exposure to currency risk is limited.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table sets <span class=\"_ _3\"></span>out the Group\u2019<span class=\"_ _5\"></span>s material exposure to assets and liabilities denominated<span class=\"_ _3\"></span> in foreign currencies, <span class=\"_ _3\"></span>expressed in sterling, at the respective <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date. <span class=\"_ _2f\"></span>This exposure reflects<span class=\"_ _36a\"> </span>the translation risk faced b<span class=\"_ _3\"></span>y the Group as currency fluctuations can ha<span class=\"_ _3\"></span>ve significant impact <span class=\"_ _3\"></span>on the<span class=\"_ _36a\"> </span>results of the Group:<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _3e\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _104\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _57\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Swedish<span class=\"_ _4\"></span> krona<span class=\"_ _36a\"> </span>Assets <span class=\"_ _13e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10b\"> </span>6,791.4  <span class=\"_ _66\"> </span>5,259.1<span class=\"_ _36a\"> </span>Liabilities <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _128\"> </span>(6,687<span class=\"_ _3\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _114\"> </span>(5,177<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>assets <span class=\"_ _1a9\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _66\"> </span>1<span class=\"_ _c\"></span>03.6  <span class=\"_ _10d\"> </span>81.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Euro<span class=\"_ _36a\"> </span>Assets <span class=\"_ _13e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>2,737<span class=\"_ _4\"></span>.0  <span class=\"_ _11e\"> </span>2<span class=\"_ _c\"></span>,887<span class=\"_ _3\"></span>.5<span class=\"_ _36a\"> </span>Liabilities <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _130\"> </span>(2,526.6 <span class=\"_ _9\"></span>) <span class=\"_ _54\"> </span>(2<span class=\"_ _c\"></span>,710.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>ass<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _1a9\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _107\"> </span>21<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _126\"> </span>17<span class=\"_ _c\"></span>7.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>The tables belo<span class=\"_ _3\"></span>w show the impact <span class=\"_ _3\"></span>of mov<span class=\"_ _4\"></span>ements in foreign currency e<span class=\"_ _3\"></span>xchange rates <span class=\"_ _4\"></span>on profit before tax for the <span class=\"_ _5\"></span>year under revie<span class=\"_ _3\"></span>w and on shareholder <span class=\"_ _3\"></span>equity as at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date. <span class=\"_ _5\"></span>We belie<span class=\"_ _3\"></span>ve these cur<span class=\"_ _3\"></span>rency<span class=\"_ _36a\"> </span>risk variables, to which the Group results are sensitiv<span class=\"_ _3\"></span>e, are appropriate for the current <span class=\"_ _5\"></span>year and represent the <span class=\"_ _3\"></span>ones that are most reasonably possible to occur in the future.<span class=\"_ _36a\"> </span>31 <span class=\"ls51 ws8c\">De<span class=\"ls8a ws186\">cembe<span class=\"_ _c\"></span>r <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f2\"> </span>Fav<span class=\"_ _3\"></span>ourable  <span class=\"_ _127\"> </span>Adverse  <span class=\"_ _f2\"> </span>Fa<span class=\"_ _3\"></span>vourable  <span class=\"_ _127\"> </span>Adverse  <span class=\"_ _137\"> </span>Favourable  <span class=\"_ _127\"> </span>Adverse<span class=\"_ _36a\"> </span></span></span>Variation in/<span class=\"_ _3\"></span>arising from 10% in SEK<span class=\"_ _c\"></span>: sterling exchange rate<span class=\"_ _3\"></span> <span class=\"_ _114\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>Share<span class=\"_ _c\"></span>holder <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>S<span class=\"_ _c\"></span>hareholder <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _100\"> </span>o<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _100\"> </span>or <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _11e\"> </span>equ<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y  <span class=\"_ _100\"> </span>e<span class=\"_ _c\"></span>qu<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _193\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>0.9  <span class=\"_ _1f\"> </span>(0.7 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>0.5  <span class=\"_ _115\"> </span>(0.4 <span class=\"_ _2f\"></span>) <span class=\"_ _112\"> </span>(20.2 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>16.5<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>instruments <span class=\"_ _1fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _5c\"> </span>8<span class=\"_ _c\"></span>.0  <span class=\"_ _61\"> </span>30.5  <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>18.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _116\"> </span>(<span class=\"_ _c\"></span>0.7 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _c\"></span>6  <span class=\"_ _166\"> </span>7.6  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>31 <span class=\"ls51 ws8c\">De<span class=\"ls8a ws186\">cembe<span class=\"_ _c\"></span>r <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f2\"> </span>Fav<span class=\"_ _3\"></span>ourable  <span class=\"_ _127\"> </span>Adverse  <span class=\"_ _f2\"> </span>Fa<span class=\"_ _3\"></span>vourable  <span class=\"_ _127\"> </span>Adverse  <span class=\"_ _137\"> </span>Favourable  <span class=\"_ _127\"> </span>Adverse<span class=\"_ _36a\"> </span></span></span>Variation in/<span class=\"_ _3\"></span>arising from 10% in EUR: s<span class=\"_ _c\"></span>terling ex<span class=\"_ _3\"></span>change rate <span class=\"_ _10c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>S<span class=\"_ _c\"></span>hareholder <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>S<span class=\"_ _c\"></span>hareholder <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _100\"> </span>o<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _100\"> </span>or <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _11e\"> </span>equ<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y  <span class=\"_ _100\"> </span>e<span class=\"_ _c\"></span>qu<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _193\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1f\"> </span>13.8  <span class=\"_ _65\"> </span>(1<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _8a\"> </span>1.6  <span class=\"_ _166\"> </span>(1.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _19e\"> </span>(272.1 <span class=\"_ _2f\"></span>) <span class=\"_ _162\"> </span>222.6<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>instruments <span class=\"_ _1fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.4  <span class=\"_ _116\"> </span>27.2  <span class=\"_ _104\"> </span>295.4  <span class=\"_ _10a\"> </span>(220.<span class=\"_ _c\"></span>5)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _113\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _113\"> </span>2<span class=\"_ _6\"></span>3.<span class=\"_ _6\"></span>3  <span class=\"_ _8a\"> </span>2<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span>31 <span class=\"ls51 ws8c\">De<span class=\"ls8a ws186\">cembe<span class=\"_ _c\"></span>r <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>024 <span class=\"_ _1ff\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f2\"> </span>Fav<span class=\"_ _3\"></span>ourable  <span class=\"_ _127\"> </span>Advers<span class=\"_ _c\"></span>e  <span class=\"_ _137\"> </span>Fav<span class=\"_ _3\"></span>ourable  <span class=\"_ _127\"> </span>Advers<span class=\"_ _c\"></span>e  <span class=\"_ _137\"> </span>Fav<span class=\"_ _3\"></span>ourable  <span class=\"_ _127\"> </span>Adverse<span class=\"_ _36a\"> </span></span></span>Variation in/<span class=\"_ _3\"></span>arising from 10% in SEK<span class=\"_ _c\"></span>: sterling exchange rate<span class=\"_ _3\"></span> <span class=\"_ _114\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>Share<span class=\"_ _c\"></span>holder <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>S<span class=\"_ _c\"></span>hareholder <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _100\"> </span>o<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _100\"> </span>or <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _11e\"> </span>equ<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y  <span class=\"_ _100\"> </span>e<span class=\"_ _c\"></span>qu<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _193\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _1f\"> </span>(0.7 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>0.6  <span class=\"_ _1f\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _111\"> </span>(18<span class=\"_ _c\"></span>.0 <span class=\"_ _9\"></span>) <span class=\"_ _116\"> </span>14.7<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>instruments <span class=\"_ _1fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(6.9 <span class=\"_ _2f\"></span>) <span class=\"_ _5c\"> </span>7<span class=\"_ _3\"></span>.8  <span class=\"_ _1f\"> </span>2<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>5  <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>16.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _65\"> </span>(0.7 <span class=\"_ _9\"></span>) <span class=\"_ _57\"> </span>(<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _16b\"> </span>7.<span class=\"_ _c\"></span>3  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _1f\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>31 <span class=\"ls51 ws8c\">De<span class=\"ls8a ws186\">cembe<span class=\"_ _c\"></span>r <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>024 <span class=\"_ _1ff\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f2\"> </span>Fav<span class=\"_ _3\"></span>ourable  <span class=\"_ _127\"> </span>Advers<span class=\"_ _c\"></span>e  <span class=\"_ _137\"> </span>Fav<span class=\"_ _3\"></span>ourable  <span class=\"_ _127\"> </span>Advers<span class=\"_ _c\"></span>e  <span class=\"_ _137\"> </span>Fav<span class=\"_ _3\"></span>ourable  <span class=\"_ _127\"> </span>Adverse<span class=\"_ _36a\"> </span></span></span>Variation in/<span class=\"_ _3\"></span>arising from 10% in EUR: s<span class=\"_ _c\"></span>terling ex<span class=\"_ _3\"></span>change rate <span class=\"_ _10c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _107\"> </span>Profit <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>S<span class=\"_ _c\"></span>hareholder <span class=\"_ _4\"></span> <span class=\"_ _eb\"> </span>S<span class=\"_ _c\"></span>hareholder <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>CS<span class=\"_ _c\"></span>M  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _100\"> </span>o<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _100\"> </span>or <span class=\"_ _6\"></span>los<span class=\"_ _c\"></span>s  <span class=\"_ _11e\"> </span>equ<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y  <span class=\"_ _100\"> </span>e<span class=\"_ _c\"></span>qu<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _193\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1f\"> </span>15.4  <span class=\"_ _57\"> </span>(1<span class=\"_ _c\"></span>2.6 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>0.2  <span class=\"_ _3e\"> </span>(292.0 <span class=\"_ _2f\"></span>) <span class=\"_ _19e\"> </span>238<span class=\"_ _c\"></span>.9<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>instruments <span class=\"_ _1fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>13.1 <span class=\"_ _2f\"></span>) <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>9.4  <span class=\"_ _1fe\"> </span>301.4  <span class=\"_ _19e\"> </span>(240.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _110\"> </span>(1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _9\"></span>) <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _57\"> </span>19<span class=\"_ _c\"></span>.6  <span class=\"_ _55\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-42": {
   "value": " <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Credit r<span class=\"_ _4\"></span>isk <span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Management of credit r<span class=\"_ _4\"></span>isk<span class=\"_ _36a\"> </span>The Group has <span class=\"_ _3\"></span>exposure to credit risk, which is the risk that a counterparty will be unable to pa<span class=\"_ _3\"></span>y amo<span class=\"_ _3\"></span>unt<span class=\"_ _4\"></span>s in <span class=\"_ _3\"></span>ful<span class=\"_ _3\"></span>l w<span class=\"_ _3\"></span>hen<span class=\"_ _3\"></span> du<span class=\"_ _3\"></span>e.<span class=\"_ _3\"></span> K<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>y a<span class=\"_ _3\"></span>rea<span class=\"_ _3\"></span>s w<span class=\"_ _4\"></span>here <span class=\"_ _3\"></span>the<span class=\"_ _3\"></span> Gr<span class=\"_ _3\"></span>oup<span class=\"_ _3\"></span> is<span class=\"_ _3\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>xpo<span class=\"_ _3\"></span>sed<span class=\"_ _3\"></span> to<span class=\"_ _3\"></span> cr<span class=\"_ _4\"></span>edit <span class=\"_ _3\"></span>ris<span class=\"_ _3\"></span>k a<span class=\"_ _3\"></span>re: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Counterparty risk with respect to debt securities and cash deposits; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>The mortgage loan portf<span class=\"_ _3\"></span>olio held by <span class=\"_ _4\"></span>Scildon with respect to the interest and capital repayments due from the borrow<span class=\"_ _4\"></span>ers; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Reinsurers<span class=\"_ _4\"></span>\u2019 share of insurance liabilities; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Amounts deposited with reinsurers in relation to inv<span class=\"_ _3\"></span>estment contracts; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Amounts due from reinsurers in respect of claims already paid; and <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Other short-term receivables.<span class=\"_ _36a\"> </span>issue, would <span class=\"_ _3\"></span>eff<span class=\"_ _4\"></span>ect<span class=\"_ _c\"></span>ively be passed <span class=\"_ _4\"></span>on to pol<span class=\"_ _c\"></span>icyholders and inv<span class=\"_ _3\"></span>estors through the unit-linked funds<span class=\"_ _36a\"> </span>backing the insurance and inv<span class=\"_ _3\"></span>estment contracts.<span class=\"_ _36a\"> </span>The Group defines def<span class=\"_ _3\"></span>ault as situation where a borro<span class=\"_ _3\"></span>wer <span class=\"_ _3\"></span>or counterparty fails to meet the terms <span class=\"_ _4\"></span>of<span class=\"_ _36a\"> </span>a financial obligation. <span class=\"_ _2f\"></span>This definition aligns with conv<span class=\"_ _4\"></span>entional use of the term.<span class=\"_ _36a\"> </span>Reinsurance is used to manage insurance risk in the businesses. <span class=\"_ _2f\"></span>This does not, ho<span class=\"_ _3\"></span>we<span class=\"_ _3\"></span>ver<span class=\"_ _5\"></span>, discharge<span class=\"_ _36a\"> </span>the businesses<span class=\"_ _3\"></span>\u2019 liability as primary insurers. If a reinsurer fails to pa<span class=\"_ _3\"></span>y a claim for an<span class=\"_ _4\"></span>y reason, the businesses remain liable for the pa<span class=\"_ _3\"></span>yment to the policyholder<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>The Group limits its e<span class=\"_ _3\"></span>xposure to reinsurance counterparties with a credit rating low<span class=\"_ _3\"></span>er than BBB- and the creditworthiness <span class=\"_ _3\"></span>of<span class=\"_ _36a\"> </span>reinsurance e<span class=\"_ _3\"></span>xposures is regularly monitored as part of the Group\u2019<span class=\"_ _2f\"></span>s Risk Frame<span class=\"_ _4\"></span>work. <span class=\"_ _2f\"></span>There is also<span class=\"_ _36a\"> </span>a significant amount of funded reinsurance in respect <span class=\"_ _3\"></span>of annuity business that is reinsured to<span class=\"_ _36a\"> </span>Monument Re, where the assets backing the reinsured liabilities continue to be held <span class=\"_ _3\"></span>on the Group\u2019<span class=\"_ _5\"></span>s<span class=\"_ _36a\"> </span>Statement of Financial P<span class=\"_ _4\"></span>osition as part of a funds withheld arrangement. <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Credit r<span class=\"_ _4\"></span>isk (continued) <span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Management of credit r<span class=\"_ _4\"></span>isk (continued)<span class=\"_ _36a\"> </span>In addition, there will be some e<span class=\"_ _3\"></span>xposures to individual policyholders, on amounts due <span class=\"_ _3\"></span>on insurance<span class=\"_ _36a\"> </span>contracts. <span class=\"_ _2f\"></span>These are tightly controlled, with contracts being terminated or benefits amended if<span class=\"_ _36a\"> </span>amounts o<span class=\"_ _3\"></span>wed are <span class=\"_ _4\"></span>outstand<span class=\"_ _c\"></span>ing for more than a specified period <span class=\"_ _3\"></span>of time, so that there is no significant<span class=\"_ _36a\"> </span>risk to the results of the businesses.<span class=\"_ _36a\"> </span>The Group businesses str<span class=\"_ _3\"></span>ucture the lev<span class=\"_ _3\"></span>els of credit risk the<span class=\"_ _3\"></span>y accept by placing limits <span class=\"_ _4\"></span>on t<span class=\"_ _c\"></span>heir e<span class=\"_ _4\"></span>xposure<span class=\"_ _36a\"> </span>to a single counterparty<span class=\"_ _4\"></span>, or group <span class=\"_ _3\"></span>of counterparties. <span class=\"_ _4\"></span>Such risks are subject to at least an annual<span class=\"_ _36a\"> </span>revie<span class=\"_ _3\"></span>w<span class=\"_ _4\"></span>, while watch lists are maintained f<span class=\"_ _4\"></span>or exposures requiring additional revie<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>Although the businesses hold a significant proportion of their financial assets in debt securities and<span class=\"_ _36a\"> </span>cash deposits the risk of def<span class=\"_ _3\"></span>ault on these is mitigated to the <span class=\"_ _3\"></span>extent that an<span class=\"_ _3\"></span>y losses arising in<span class=\"_ _36a\"> </span>respect of unit-link<span class=\"_ _3\"></span>ed assets backing the insurance and inv<span class=\"_ _3\"></span>estment contracts which the businesses  (ii) <span class=\"_ _6\"></span>Exposur<span class=\"_ _4\"></span>e to credit r<span class=\"_ _4\"></span>isk<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table presents the assets <span class=\"_ _3\"></span>of the Group which are subject to credit risk and a reconciliation to the <span class=\"_ _3\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition carrying amount f<span class=\"_ _3\"></span>or each item, this amount representing the<span class=\"_ _36a\"> </span>maximum credit risk <span class=\"_ _4\"></span>exposure:<span class=\"_ _36a\"> </span>31 December <span class=\"_ _200\"> </span>2025 <span class=\"_ _1d1\"> </span>202<span class=\"_ _c\"></span>4 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _127\"> </span>A<span class=\"_ _c\"></span>mount  <span class=\"_ _18\"> </span>Balance <span class=\"_ _6\"></span>sheet  <span class=\"_ _16c\"> </span>  <span class=\"_ _30\"> </span>Amount  <span class=\"_ _18\"> </span>B<span class=\"_ _c\"></span>alance <span class=\"_ _c\"></span>she<span class=\"_ _c\"></span>et <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _139\"> </span>Policyhold<span class=\"_ _c\"></span>er  <span class=\"_ _11f\"> </span>subjec<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>to  <span class=\"_ _86\"> </span>carrying  <span class=\"_ _146\"> </span>Po<span class=\"_ _c\"></span>licyholde<span class=\"_ _c\"></span>r  <span class=\"_ _11f\"> </span>subjec<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>to  <span class=\"_ _86\"> </span>carrying <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10a\"> </span>link<span class=\"_ _4\"></span>ed  <span class=\"_ _132\"> </span>credit <span class=\"_ _c\"></span>risk  <span class=\"_ _18a\"> </span>value<span class=\"_ _3\"></span>  <span class=\"_ _52\"> </span>linked<span class=\"_ _4\"></span>  <span class=\"_ _11f\"> </span>credit <span class=\"_ _c\"></span>risk  <span class=\"_ _3e\"> </span>value <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _ff\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1fe\"> </span>168.0  <span class=\"_ _112\"> </span>168<span class=\"_ _c\"></span>.0  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10e\"> </span>1<span class=\"_ _c\"></span>69.9  <span class=\"_ _10e\"> </span>1<span class=\"_ _c\"></span>69.9<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1bb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _61\"> </span>35.0  <span class=\"_ _61\"> </span>35.0  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>34.3  <span class=\"_ _61\"> </span>34.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Holdings <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>collectiv<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>schemes <span class=\"_ _9d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _114\"> </span>8<span class=\"_ _c\"></span>,524.0  <span class=\"_ _154\"> </span>864.4  <span class=\"_ _114\"> </span>9,388.4  <span class=\"_ _52\"> </span>8,<span class=\"_ _c\"></span>333.3  <span class=\"_ _126\"> </span>328.3  <span class=\"_ _120\"> </span>8,661.6<span class=\"_ _36a\"> </span>Debt securities at fair value thr<span class=\"_ _3\"></span>ough profit or loss <span class=\"_ _fc\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>16<span class=\"_ _c\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span>1,039.<span class=\"_ _3\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _120\"> </span>1,055.<span class=\"_ _3\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _5c\"> </span>15.1 <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span>1,075.8 <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span>1,090.9<span class=\"_ _36a\"> </span>Policyholders\u2019 <span class=\"_ _c\"></span>funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>b<span class=\"_ _3\"></span>y <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>Group <span class=\"_ _201\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _52\"> </span>2<span class=\"_ _c\"></span>,939.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _52\"> </span>2,939.3  <span class=\"_ _109\"> </span>1,825.8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _109\"> </span>1,825.8<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _202\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _126\"> </span>356.9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _126\"> </span>356.9  <span class=\"_ _162\"> </span>346.9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _162\"> </span>346.9<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _1d2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _5c\"> </span>0.8  <span class=\"_ _1c1\"> </span>0.9  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>0.1<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>assets <span class=\"_ _1ce\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>18.1  <span class=\"_ _10d\"> </span>40.7  <span class=\"_ _10d\"> </span>58.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>26.9  <span class=\"_ _65\"> </span>41.<span class=\"_ _c\"></span>8  <span class=\"_ _51\"> </span>68.7<span class=\"_ _36a\"> </span>Cash <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>equivalents <span class=\"_ _1cf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10e\"> </span>102.4  <span class=\"_ _51\"> </span>42.9  <span class=\"_ _111\"> </span>145.3  <span class=\"_ _1f\"> </span>8<span class=\"_ _c\"></span>3.1  <span class=\"_ _51\"> </span>54.9  <span class=\"_ _1fe\"> </span>1<span class=\"_ _c\"></span>38.0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _32\"> </span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _52\"> </span>2<span class=\"_ _c\"></span>,1<span class=\"_ _6\"></span>91<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _128\"> </span>14<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>14<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.0  <span class=\"_ _11a\"> </span>10<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>63<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10b\"> </span>1<span class=\"_ _c\"></span>,70<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _3a\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>,<span class=\"_ _c\"></span>33<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>The amounts presented abo<span class=\"_ _3\"></span>ve as policyholder link<span class=\"_ _3\"></span>ed represent unit-linked assets where there is a cor<span class=\"_ _3\"></span>responding liability meaning that the risk is borne predominantly by the holders of unit-link<span class=\"_ _4\"></span>ed insurance<span class=\"_ _36a\"> </span>and inv<span class=\"_ _3\"></span>estment contracts. (iii) <span class=\"_ _6\"></span>Cr<span class=\"_ _4\"></span>edit quality analysis<span class=\"_ _36a\"> </span>The creditw<span class=\"_ _3\"></span>orthiness of major reinsurers is considered <span class=\"_ _3\"></span>on an annual basis by re<span class=\"_ _4\"></span>viewing their financial strength.<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>exposure to credit risk <span class=\"_ _3\"></span>of the Group\u2019<span class=\"_ _5\"></span>s assets is summarised as:<span class=\"_ _36a\"> </span>Cre<span class=\"_ _c\"></span>dit <span class=\"_ _6\"></span>rat<span class=\"_ _c\"></span>ing <span class=\"_ _203\"> </span>  <span class=\"_ _10e\"> </span>A<span class=\"_ _c\"></span>A<span class=\"_ _6\"></span>A  <span class=\"_ _55\"> </span>A<span class=\"_ _6\"></span>A  <span class=\"_ _b1\"> </span>A  <span class=\"_ _110\"> </span>B<span class=\"_ _c\"></span>BB  <span class=\"_ _137\"> </span>Be<span class=\"_ _c\"></span>low <span class=\"_ _6\"></span>BB<span class=\"_ _c\"></span>B  <span class=\"_ _127\"> </span>U<span class=\"_ _c\"></span>nra<span class=\"_ _c\"></span>ted  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l<span class=\"_ _36a\"> </span>A<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>at <span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>1 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>cem<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _ae\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _ff\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _111\"> </span>130.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>37<span class=\"_ _4\"></span>.4  <span class=\"_ _112\"> </span>168.0<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1bb\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>35.0  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _116\"> </span>35.0<span class=\"_ _36a\"> </span>Debt securities at fair value thr<span class=\"_ _3\"></span>ough profit or loss <span class=\"_ _fc\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>167<span class=\"_ _3\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>252.8 <span class=\"_ _4\"></span> <span class=\"_ _154\"> </span>448<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>1<span class=\"_ _c\"></span>65.<span class=\"_ _c\"></span>5  <span class=\"_ _9e\"> </span>1.6 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>1<span class=\"_ _c\"></span>9.1 <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span>1,055.4<span class=\"_ _36a\"> </span>Policyholders\u2019 <span class=\"_ _c\"></span>funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>b<span class=\"_ _3\"></span>y <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>Group <span class=\"_ _201\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1fe\"> </span>233.7  <span class=\"_ _1fe\"> </span>810.2  <span class=\"_ _112\"> </span>383.5  <span class=\"_ _19e\"> </span>402.4  <span class=\"_ _1c2\"> </span>1<span class=\"_ _c\"></span>,109.5  <span class=\"_ _52\"> </span>2,939.3<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _202\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8a\"> </span>5.5  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _110\"> </span>351.4  <span class=\"_ _104\"> </span>356.9<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _1d2\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _166\"> </span>0.9<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>assets <span class=\"_ _1ce\"> </span>  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _1c1\"> </span>0.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>57<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10d\"> </span>58.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Cash <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>equivalents <span class=\"_ _1cf\"> </span>  <span class=\"_ _1c1\"> </span>0.7  <span class=\"_ _3d\"> </span>1.7  <span class=\"_ _1f\"> </span>96.1  <span class=\"_ _10d\"> </span>46.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _10e\"> </span>145.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>0  <span class=\"_ _3e\"> </span>65<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _11e\"> </span>1,<span class=\"_ _6\"></span>36<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _162\"> </span>59<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _107\"> </span>4<span class=\"_ _c\"></span>04<span class=\"_ _6\"></span>.0  <span class=\"_ _10b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>575<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _125\"> </span>4<span class=\"_ _c\"></span>,75<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Cre<span class=\"_ _c\"></span>dit <span class=\"_ _6\"></span>rat<span class=\"_ _c\"></span>ing <span class=\"_ _203\"> </span>  <span class=\"_ _10e\"> </span>A<span class=\"_ _c\"></span>A<span class=\"_ _6\"></span>A  <span class=\"_ _55\"> </span>A<span class=\"_ _6\"></span>A  <span class=\"_ _b1\"> </span>A  <span class=\"_ _110\"> </span>B<span class=\"_ _c\"></span>BB  <span class=\"_ _137\"> </span>Be<span class=\"_ _c\"></span>low <span class=\"_ _6\"></span>BB<span class=\"_ _c\"></span>B  <span class=\"_ _127\"> </span>U<span class=\"_ _c\"></span>nra<span class=\"_ _c\"></span>ted  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l<span class=\"_ _36a\"> </span>A<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>at <span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>1 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>cem<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _1cc\"> </span>  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m  <span class=\"_ _ed\"> </span>\u00a3<span class=\"_ _c\"></span>m<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _ff\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _110\"> </span>122<span class=\"_ _c\"></span>.9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>47<span class=\"_ _4\"></span>.0  <span class=\"_ _10e\"> </span>1<span class=\"_ _c\"></span>69.9<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1bb\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>32.5  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _96\"> </span>1.<span class=\"_ _c\"></span>8  <span class=\"_ _51\"> </span>34<span class=\"_ _c\"></span>.3<span class=\"_ _36a\"> </span>Debt securities at fair value thr<span class=\"_ _3\"></span>ough profit or loss <span class=\"_ _fc\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>215.8 <span class=\"_ _3\"></span> <span class=\"_ _126\"> </span>337<span class=\"_ _4\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>367<span class=\"_ _3\"></span>.9 <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>15<span class=\"_ _c\"></span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _5c\"> </span>0.8 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>12<span class=\"_ _c\"></span>.2 <span class=\"_ _3\"></span> <span class=\"_ _52\"> </span>1,<span class=\"_ _3\"></span>090.9<span class=\"_ _36a\"> </span>Policyholders\u2019 <span class=\"_ _c\"></span>funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>b<span class=\"_ _3\"></span>y <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>Group <span class=\"_ _201\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _111\"> </span>136.8  <span class=\"_ _f8\"> </span>4<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1.6  <span class=\"_ _112\"> </span>293.2  <span class=\"_ _50\"> </span>984.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _120\"> </span>1,<span class=\"_ _c\"></span>825.8<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _202\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>10.2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _112\"> </span>336.7  <span class=\"_ _162\"> </span>346.9<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _1d2\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _96\"> </span>0.1<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>assets <span class=\"_ _1ce\"> </span>  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _1c1\"> </span>0.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16b\"> </span>67<span class=\"_ _4\"></span>.1  <span class=\"_ _51\"> </span>68.7<span class=\"_ _36a\"> </span>Cash <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>equivalents <span class=\"_ _1cf\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.4  <span class=\"_ _61\"> </span>73.0  <span class=\"_ _51\"> </span>39.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>21.8  <span class=\"_ _10e\"> </span>138.0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _50\"> </span>2<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>4  <span class=\"_ _3e\"> </span>6<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _104\"> </span>86<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.1  <span class=\"_ _66\"> </span>4<span class=\"_ _c\"></span>90<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _3e\"> </span>98<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _161\"> </span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7  <span class=\"_ _125\"> </span>3<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>674<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Credit ratings hav<span class=\"_ _3\"></span>e not been disclosed in the abov<span class=\"_ _3\"></span>e tables for holdings in unconsolidated collectiv<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>inv<span class=\"_ _3\"></span>estment schemes and inv<span class=\"_ _4\"></span>estments in associates total<span class=\"_ _c\"></span>ling \u00a39,377<span class=\"_ _8\"></span>.9m (3<span class=\"_ _4\"></span>1 December 2024:<span class=\"_ _36a\"> </span>\u00a38,6<span class=\"_ _c\"></span>61<span class=\"_ _2f\"></span>.<span class=\"_ _c\"></span>6m). <span class=\"_ _5\"></span>The credit quality of the underlying debt securities within these v<span class=\"_ _3\"></span>ehicles is managed<span class=\"_ _36a\"> </span>by the in<span class=\"_ _3\"></span>vestment managers in line with agreed in<span class=\"_ _3\"></span>vestment guidelines.<span class=\"_ _36a\"> </span>Included within reinsurers<span class=\"_ _3\"></span>\u2019 share of insurance contract liabilities and amounts deposited with<span class=\"_ _36a\"> </span>reinsurers (in respect of in<span class=\"_ _3\"></span>vestment contracts) abo<span class=\"_ _4\"></span>ve, is a total exposure <span class=\"_ _4\"></span>of \u00a377<span class=\"_ _8\"></span>.5m as at 3<span class=\"_ _4\"></span>1 December 2025 (31 December 2024: \u00a373.4m<span class=\"_ _c\"></span>) to ReA<span class=\"_ _3\"></span>ssure, which has been included within the \u2018<span class=\"_ _2f\"></span>AA<span class=\"_ _9\"></span>\u2019 rating category<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>Monument Re mak<span class=\"_ _3\"></span>es up \u00a341<span class=\"_ _2f\"></span>.3m of the unrated <span class=\"_ _3\"></span>exposure to reinsurers<span class=\"_ _4\"></span>\u2019 share of insurance contract<span class=\"_ _36a\"> </span>liabilities as at 31 December 2025 (31 December 2024: \u00a343.8m). Exposure is limited through the<span class=\"_ _36a\"> </span>use of a funds withheld arrangement under which the reinsurer has deposited collateral to CA in<span class=\"_ _36a\"> </span>respect of the v<span class=\"_ _3\"></span>alue of <span class=\"_ _3\"></span>expected future reinsured claim pa<span class=\"_ _4\"></span>yments.<span class=\"_ _36a\"> </span>The \u2018<span class=\"_ _4\"></span>Other assets\u2019 in the credit risk rating table are not held at fair v<span class=\"_ _4\"></span>alue or managed on a f<span class=\"_ _3\"></span>air value<span class=\"_ _36a\"> </span>basis. <span class=\"_ _2f\"></span>These assets generally consist of short-term receiv<span class=\"_ _3\"></span>ables and are not considered to hav<span class=\"_ _3\"></span>e a<span class=\"_ _36a\"> </span>low credit rating as at 31 December 2025. (iv) <span class=\"_ _6\"></span>Concentr<span class=\"_ _3\"></span>ation of credit r<span class=\"_ _4\"></span>isk<span class=\"_ _36a\"> </span>Debt <span class=\"_ _6\"></span>securities <span class=\"_ _22\"> </span>Policy<span class=\"_ _c\"></span>holder  <span class=\"_ _f\"> </span>Policyho<span class=\"_ _c\"></span>lder  <span class=\"_ _62\"> </span>No<span class=\"_ _c\"></span>n-linked/<span class=\"_ _36a\"> </span>A<span class=\"_ _c\"></span>s at 31 D<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>cem<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r 20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>lin<span class=\"_ _c\"></span>ked <span class=\"_ _4\"></span> <span class=\"_ _18\"> </span>w<span class=\"_ _c\"></span>ith<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>pro<span class=\"_ _c\"></span>fit <span class=\"_ _3\"></span> <span class=\"_ _2\"> </span>sha<span class=\"_ _c\"></span>reh<span class=\"_ _c\"></span>old<span class=\"_ _c\"></span>er <span class=\"_ _4\"></span> <span class=\"_ _127\"> </span>Total <span class=\"_ _c7\"> </span>\u00a3m  <span class=\"_ _11e\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _100\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Austria <span class=\"_ _1ea\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _100\"> </span>18.6  <span class=\"_ _18c\"> </span>18.6<span class=\"_ _36a\"> </span>Belgium <span class=\"_ _1ae\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _114\"> </span>32.3  <span class=\"_ _10b\"> </span>32.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>France <span class=\"_ _204\"> </span>0.6  <span class=\"_ _66\"> </span>2.0  <span class=\"_ _43\"> </span>1<span class=\"_ _c\"></span>82.8  <span class=\"_ _43\"> </span>185.4<span class=\"_ _36a\"> </span>Germany <span class=\"_ _71\"> </span>\u2013  <span class=\"_ _66\"> </span>0.<span class=\"_ _3\"></span>4  <span class=\"_ _10b\"> </span>62.<span class=\"_ _c\"></span>3  <span class=\"_ _17b\"> </span>62.7<span class=\"_ _36a\"> </span>Italy <span class=\"_ _dc\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _109\"> </span>18.1  <span class=\"_ _10a\"> </span>1<span class=\"_ _c\"></span>8.1<span class=\"_ _36a\"> </span>Ireland <span class=\"_ _1ea\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _11e\"> </span>13.4  <span class=\"_ _18c\"> </span>1<span class=\"_ _c\"></span>3.4<span class=\"_ _36a\"> </span>Netherlands <span class=\"_ _4c\"> </span>\u2013  <span class=\"_ _1c2\"> </span>2.7  <span class=\"_ _3a\"> </span>202<span class=\"_ _c\"></span>.9  <span class=\"_ _3a\"> </span>205.<span class=\"_ _3\"></span>6<span class=\"_ _36a\"> </span>Poland <span class=\"_ _1d2\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _107\"> </span>0.4  <span class=\"_ _109\"> </span>0.<span class=\"_ _3\"></span>4<span class=\"_ _36a\"> </span>Portugal <span class=\"_ _1b4\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _107\"> </span>0.8  <span class=\"_ _109\"> </span>0.8<span class=\"_ _36a\"> </span>Spain <span class=\"_ _195\"> </span>\u2013  <span class=\"_ _66\"> </span>0.5  <span class=\"_ _18c\"> </span>35.5  <span class=\"_ _54\"> </span>36.0<span class=\"_ _36a\"> </span>UK <span class=\"_ _195\"> </span>14.2  <span class=\"_ _114\"> </span>29.7  <span class=\"_ _85\"> </span>167<span class=\"_ _4\"></span>.6  <span class=\"_ _125\"> </span>21<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Other <span class=\"_ _205\"> </span>0.9  <span class=\"_ _11e\"> </span>12.9  <span class=\"_ _124\"> </span>129.2  <span class=\"_ _43\"> </span>143.0<span class=\"_ _36a\"> </span>Euro<span class=\"_ _c\"></span>pe <span class=\"_ _1bb\"> </span>15<span class=\"_ _c\"></span>.7  <span class=\"_ _85\"> </span>48<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _119\"> </span>86<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _86\"> </span>9<span class=\"_ _c\"></span>27.8<span class=\"_ _36a\"> </span>USA <span class=\"_ _206\"> </span>0.3  <span class=\"_ _1c2\"> </span>3.6  <span class=\"_ _10c\"> </span>99.0  <span class=\"_ _43\"> </span>102.9<span class=\"_ _36a\"> </span>Other <span class=\"_ _17e\"> </span>\u2013  <span class=\"_ _154\"> </span>1.6  <span class=\"_ _107\"> </span>4<span class=\"_ _c\"></span>.6  <span class=\"_ _66\"> </span>6.2<span class=\"_ _36a\"> </span>No<span class=\"_ _c\"></span>rt<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>Ame<span class=\"_ _c\"></span>ric<span class=\"_ _c\"></span>a <span class=\"_ _58\"> </span>0.<span class=\"_ _c\"></span>3  <span class=\"_ _107\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _3a\"> </span>10<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.6  <span class=\"_ _43\"> </span>10<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Australia <span class=\"_ _204\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _18c\"> </span>1<span class=\"_ _c\"></span>0.9  <span class=\"_ _114\"> </span>10.9<span class=\"_ _36a\"> </span>Other <span class=\"_ _17e\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _161\"> </span>7.6  <span class=\"_ _66\"> </span>7.<span class=\"_ _3\"></span>6<span class=\"_ _36a\"> </span>A<span class=\"_ _c\"></span>sia <span class=\"_ _6\"></span>Pac<span class=\"_ _c\"></span>ifi<span class=\"_ _c\"></span>c <span class=\"_ _207\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _17b\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _10c\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1a0\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _125\"> </span>53<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _e6\"> </span>9<span class=\"_ _c\"></span>86<span class=\"_ _6\"></span>.0  <span class=\"_ _11f\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>05<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Debt <span class=\"_ _6\"></span>securities <span class=\"_ _22\"> </span>Policy<span class=\"_ _c\"></span>holder  <span class=\"_ _f\"> </span>Policyho<span class=\"_ _c\"></span>lder  <span class=\"_ _62\"> </span>No<span class=\"_ _c\"></span>n-linked/<span class=\"_ _36a\"> </span>A<span class=\"_ _c\"></span>s at 31 D<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>cem<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r 20<span class=\"_ _c\"></span>24 <span class=\"_ _5b\"> </span>linked <span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>wi<span class=\"_ _c\"></span>th<span class=\"_ _c\"></span>-p<span class=\"_ _c\"></span>rofi<span class=\"_ _c\"></span>t <span class=\"_ _4\"></span> <span class=\"_ _2\"> </span>s<span class=\"_ _c\"></span>har<span class=\"_ _c\"></span>eho<span class=\"_ _c\"></span>lde<span class=\"_ _c\"></span>r <span class=\"_ _4\"></span> <span class=\"_ _127\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _c7\"> </span>\u00a3m  <span class=\"_ _11e\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _100\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Austria <span class=\"_ _1ea\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10a\"> </span>17<span class=\"_ _4\"></span>.5  <span class=\"_ _52\"> </span>17<span class=\"_ _4\"></span>.5<span class=\"_ _36a\"> </span>Belgium <span class=\"_ _1ae\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _52\"> </span>32.1  <span class=\"_ _52\"> </span>32.1<span class=\"_ _36a\"> </span>France <span class=\"_ _204\"> </span>0.6  <span class=\"_ _1c2\"> </span>2.7  <span class=\"_ _85\"> </span>219.5  <span class=\"_ _3a\"> </span>222.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Germany <span class=\"_ _71\"> </span>\u2013  <span class=\"_ _66\"> </span>0.<span class=\"_ _3\"></span>4  <span class=\"_ _10c\"> </span>90.9  <span class=\"_ _100\"> </span>91.3<span class=\"_ _36a\"> </span>Italy <span class=\"_ _dc\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _52\"> </span>15.9  <span class=\"_ _100\"> </span>15.9<span class=\"_ _36a\"> </span>Ireland <span class=\"_ _1ea\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _107\"> </span>1<span class=\"_ _c\"></span>3.1  <span class=\"_ _109\"> </span>13.1<span class=\"_ _36a\"> </span>Netherlands <span class=\"_ _207\"> </span>\u2013  <span class=\"_ _3e\"> </span>2.5  <span class=\"_ _85\"> </span>179.7  <span class=\"_ _43\"> </span>182<span class=\"_ _c\"></span>.2<span class=\"_ _36a\"> </span>Poland <span class=\"_ _1d2\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _107\"> </span>0.4  <span class=\"_ _109\"> </span>0.<span class=\"_ _3\"></span>4<span class=\"_ _36a\"> </span>Portugal <span class=\"_ _1b4\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _66\"> </span>0.3  <span class=\"_ _66\"> </span>0.3<span class=\"_ _36a\"> </span>Spain <span class=\"_ _195\"> </span>\u2013  <span class=\"_ _66\"> </span>0.5  <span class=\"_ _10c\"> </span>38<span class=\"_ _c\"></span>.8  <span class=\"_ _17b\"> </span>39.3<span class=\"_ _36a\"> </span>UK <span class=\"_ _195\"> </span>12.0  <span class=\"_ _17b\"> </span>26.0  <span class=\"_ _54\"> </span>169.1  <span class=\"_ _11a\"> </span>207<span class=\"_ _4\"></span>.1<span class=\"_ _36a\"> </span>Other <span class=\"_ _179\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _10a\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>2  <span class=\"_ _124\"> </span>152.5  <span class=\"_ _130\"> </span>165.8<span class=\"_ _36a\"> </span>Euro<span class=\"_ _c\"></span>pe <span class=\"_ _a4\"> </span>14<span class=\"_ _c\"></span>.7  <span class=\"_ _124\"> </span>4<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _119\"> </span>9<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>9<span class=\"_ _c\"></span>87.8<span class=\"_ _36a\"> </span>USA <span class=\"_ _206\"> </span>0.3  <span class=\"_ _161\"> </span>3.2  <span class=\"_ _10c\"> </span>82.4  <span class=\"_ _10c\"> </span>85.9<span class=\"_ _36a\"> </span>Other <span class=\"_ _17e\"> </span>\u2013  <span class=\"_ _154\"> </span>1.<span class=\"_ _c\"></span>5  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>.1  <span class=\"_ _66\"> </span>2.6<span class=\"_ _36a\"> </span>No<span class=\"_ _c\"></span>rt<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>Ame<span class=\"_ _c\"></span>ric<span class=\"_ _c\"></span>a <span class=\"_ _58\"> </span>0.<span class=\"_ _c\"></span>3  <span class=\"_ _109\"> </span>4<span class=\"_ _c\"></span>.7  <span class=\"_ _124\"> </span>8<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _11a\"> </span>8<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Australia <span class=\"_ _204\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _161\"> </span>7.9  <span class=\"_ _66\"> </span>7<span class=\"_ _3\"></span>.9<span class=\"_ _36a\"> </span>Other <span class=\"_ _17e\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _1c2\"> </span>6.7  <span class=\"_ _66\"> </span>6.7<span class=\"_ _36a\"> </span>A<span class=\"_ _c\"></span>sia <span class=\"_ _6\"></span>Pac<span class=\"_ _c\"></span>ifi<span class=\"_ _c\"></span>c <span class=\"_ _207\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _17b\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _54\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1a1\"> </span>15<span class=\"_ _6\"></span>.0  <span class=\"_ _11a\"> </span>48<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _123\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>7.9  <span class=\"_ _132\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>90<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>There are no direct holdings in debt securities within R<span class=\"_ _3\"></span>ussia or Ukraine.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-43": {
   "value": " <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Liquidity r<span class=\"_ _3\"></span>isk <span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Management of liquidity r<span class=\"_ _3\"></span>isk<span class=\"_ _36a\"> </span>Liquidity risk is the risk that adequate liquid funds are not av<span class=\"_ _3\"></span>ailable to settle liabilities as they f<span class=\"_ _3\"></span>all due and is managed by f<span class=\"_ _3\"></span>orecasting cash requirements and by adjusting in<span class=\"_ _3\"></span>vestment management strategies<span class=\"_ _36a\"> </span>to meet those requirements. Liquidity risk is generally mitigated by holding sufficient in<span class=\"_ _3\"></span>vestments which are readily mark<span class=\"_ _3\"></span>etable in sufficiently short timeframes to allow the settlement <span class=\"_ _3\"></span>of liabilities as they<span class=\"_ _36a\"> </span>fall due. <span class=\"_ _2f\"></span>Where liabilities are backed by less mark<span class=\"_ _4\"></span>etable assets, for e<span class=\"_ _3\"></span>xample inv<span class=\"_ _3\"></span>estment properties, there are provisions in contractual terms which allo<span class=\"_ _4\"></span>w deferral <span class=\"_ _3\"></span>of redemptions in times of adv<span class=\"_ _3\"></span>erse market<span class=\"_ _36a\"> </span>conditions. <span class=\"_ _2f\"></span>The Group\u2019<span class=\"_ _5\"></span>s substantial holdings of money mark<span class=\"_ _3\"></span>et assets also serve to reduce liquidity risk.  (ii) <span class=\"_ _6\"></span>Mat<span class=\"_ _3\"></span>ur<span class=\"_ _3\"></span>ity analysis<span class=\"_ _36a\"> </span>The tables belo<span class=\"_ _3\"></span>w present a maturity analysis <span class=\"_ _4\"></span>of the Group\u2019<span class=\"_ _4\"></span>s liabilities. <span class=\"_ _5\"></span>The insurance and reinsurance contracts are presented <span class=\"_ _3\"></span>on a discounted basis. Financial liabilities are presented on an undiscounted basis.<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _208\"> </span>Con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ual c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h flow<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Car<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>yin<span class=\"_ _c\"></span>g va<span class=\"_ _c\"></span>lue<span class=\"_ _c\"></span>s and c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _191\"> </span>Ca<span class=\"_ _c\"></span>rr<span class=\"_ _c\"></span>yi<span class=\"_ _c\"></span>ng va<span class=\"_ _c\"></span>lue <span class=\"_ _4\"></span> <span class=\"_ _130\"> </span>&lt;<span class=\"_ _c\"></span>1 y<span class=\"_ _c\"></span>r <span class=\"_ _4\"></span> <span class=\"_ _f7\"> </span>1-2 yr<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _123\"> </span>2-<span class=\"_ _c\"></span>3 yr<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _18b\"> </span>3<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>4 y<span class=\"_ _c\"></span>rs <span class=\"_ _4\"></span> <span class=\"_ _18b\"> </span>4<span class=\"_ _6\"></span>-5 yr<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _d4\"> </span>5<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>10 y<span class=\"_ _c\"></span>rs <span class=\"_ _4\"></span> <span class=\"_ _11d\"> </span>&gt;10 yr<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _30\"> </span>Total<span class=\"_ _36a\"> </span>flow<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>arisi<span class=\"_ _c\"></span>ng <span class=\"_ _6\"></span>from<span class=\"_ _c\"></span>: <span class=\"_ _7d\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _209\"> </span>3,940.7  <span class=\"_ _128\"> </span>4<span class=\"_ _4\"></span>77.9  <span class=\"_ _54\"> </span>31<span class=\"_ _c\"></span>5.1  <span class=\"_ _128\"> </span>270.2  <span class=\"_ _3a\"> </span>263.4  <span class=\"_ _3a\"> </span>256.0  <span class=\"_ _3a\"> </span>820.5  <span class=\"_ _e5\"> </span>1,3<span class=\"_ _c\"></span>18<span class=\"_ _c\"></span>.9  <span class=\"_ _f7\"> </span>3,722.0<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _20a\"> </span>10.5  <span class=\"_ _1c2\"> </span>3<span class=\"_ _c\"></span>.7  <span class=\"_ _66\"> </span>3.4  <span class=\"_ _1c2\"> </span>3.0  <span class=\"_ _66\"> </span>2.8  <span class=\"_ _1c2\"> </span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _52\"> </span>12.3  <span class=\"_ _10c\"> </span>20.0  <span class=\"_ _17b\"> </span>4<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>.8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>insurance and <span class=\"_ _6\"></span>reinsuranc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _6\"></span>(discounted) <span class=\"_ _100\"> </span>3,951.<span class=\"_ _c\"></span>2  <span class=\"_ _43\"> </span>481.6  <span class=\"_ _85\"> </span>318.5  <span class=\"_ _43\"> </span>273.2  <span class=\"_ _3a\"> </span>266<span class=\"_ _c\"></span>.2  <span class=\"_ _128\"> </span>258.6  <span class=\"_ _3a\"> </span>832.8  <span class=\"_ _11b\"> </span>1,338<span class=\"_ _c\"></span>.9  <span class=\"_ _134\"> </span>3,769.8<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _f4\"> </span>6,717<span class=\"_ _4\"></span>.0  <span class=\"_ _f7\"> </span>6,464.1  <span class=\"_ _3e\"> </span>5.3  <span class=\"_ _109\"> </span>4.0  <span class=\"_ _66\"> </span>4.6  <span class=\"_ _109\"> </span>4<span class=\"_ _c\"></span>.8  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _123\"> </span>6,482.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Liabilities <span class=\"_ _c\"></span>relating <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>policyholder\u2019s <span class=\"_ _c\"></span>fund <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _c\"></span>Group <span class=\"_ _99\"> </span>2,938<span class=\"_ _c\"></span>.5  <span class=\"_ _d3\"> </span>2,938<span class=\"_ _c\"></span>.50  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _109\"> </span>1<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>5  <span class=\"_ _11e\"> </span>12<span class=\"_ _c\"></span>.8<span class=\"_ _c\"></span>  <span class=\"_ _1fa\"> </span>2,<span class=\"_ _c\"></span>962<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>Lease <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _20b\"> </span>1.7  <span class=\"_ _66\"> </span>0.9  <span class=\"_ _66\"> </span>0.<span class=\"_ _3\"></span>7  <span class=\"_ _66\"> </span>0.2  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _154\"> </span>1.8<span class=\"_ _36a\"> </span>Borro<span class=\"_ _3\"></span>wings <span class=\"_ _20c\"> </span>203.0  <span class=\"_ _154\"> </span>1.3  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _125\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>1.1  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _3a\"> </span>202.4<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _d6\"> </span>0.1  <span class=\"_ _154\"> </span>0<span class=\"_ _3\"></span>.1  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _154\"> </span>0.1<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>current <span class=\"_ _c\"></span>liabilities <span class=\"_ _20d\"> </span>129.5  <span class=\"_ _124\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9.4  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _124\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>.4<span class=\"_ _36a\"> </span>Bank over<span class=\"_ _3\"></span>drafts <span class=\"_ _12f\"> </span><span class=\"fc2 ws184\">0<span class=\"_ _c\"></span>.6  <span class=\"_ _107\"> </span>0<span class=\"_ _c\"></span>.6  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _107\"> </span>0.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>financial <span class=\"_ _c\"></span>liabilities <span class=\"_ _c\"></span>(undiscounted) <span class=\"_ _fd\"> </span>9,990<span class=\"_ _3\"></span>.4  <span class=\"_ _1fa\"> </span>9,524.9  <span class=\"_ _66\"> </span>6.0  <span class=\"_ _107\"> </span>4<span class=\"_ _c\"></span>.2  <span class=\"_ _66\"> </span>4.6  <span class=\"_ _109\"> </span>4<span class=\"_ _c\"></span>.8  <span class=\"_ _130\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>2.6  <span class=\"_ _100\"> </span>12.<span class=\"_ _c\"></span>8  <span class=\"_ _134\"> </span>9,769.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _20e\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.6  <span class=\"_ _f9\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>,0<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _119\"> </span>3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _86\"> </span>2<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _86\"> </span>270<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11f\"> </span>1<span class=\"_ _c\"></span>,0<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _ea\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>51<span class=\"_ _c\"></span>.7  <span class=\"_ _2a\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>53<span class=\"_ _c\"></span>9.7<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _20f\"> </span>Con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ual c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h flow<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Car<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>yin<span class=\"_ _c\"></span>g va<span class=\"_ _c\"></span>lue<span class=\"_ _c\"></span>s and c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _191\"> </span>Ca<span class=\"_ _c\"></span>rr<span class=\"_ _c\"></span>yi<span class=\"_ _c\"></span>ng va<span class=\"_ _c\"></span>lue <span class=\"_ _4\"></span> <span class=\"_ _130\"> </span>&lt;<span class=\"_ _c\"></span>1 y<span class=\"_ _c\"></span>r <span class=\"_ _4\"></span> <span class=\"_ _f7\"> </span>1-2 yr<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _123\"> </span>2-<span class=\"_ _c\"></span>3 yr<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _18b\"> </span>3<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>4 y<span class=\"_ _c\"></span>rs <span class=\"_ _4\"></span> <span class=\"_ _18b\"> </span>4<span class=\"_ _6\"></span>-5 yr<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _d4\"> </span>5<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>10 y<span class=\"_ _c\"></span>rs <span class=\"_ _4\"></span> <span class=\"_ _11d\"> </span>&gt;10 yr<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _30\"> </span>Total<span class=\"_ _36a\"> </span>flow<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>arisi<span class=\"_ _c\"></span>ng <span class=\"_ _6\"></span>from<span class=\"_ _c\"></span>: <span class=\"_ _7d\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m  <span class=\"_ _52\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _210\"> </span>4,099.1  <span class=\"_ _129\"> </span>704.4  <span class=\"_ _130\"> </span>301.8  <span class=\"_ _3a\"> </span>264.3  <span class=\"_ _128\"> </span>245.6  <span class=\"_ _3a\"> </span>249<span class=\"_ _3\"></span>.9  <span class=\"_ _43\"> </span>8<span class=\"_ _c\"></span>13.0  <span class=\"_ _129\"> </span>1,322.1  <span class=\"_ _e6\"> </span>3,901.1<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _20a\"> </span>16.6  <span class=\"_ _161\"> </span>3.5  <span class=\"_ _161\"> </span>3.6  <span class=\"_ _161\"> </span>3.3  <span class=\"_ _1c2\"> </span>3.0  <span class=\"_ _66\"> </span>2.<span class=\"_ _c\"></span>8  <span class=\"_ _100\"> </span>14.7  <span class=\"_ _114\"> </span>22.2  <span class=\"_ _10a\"> </span>53.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>insurance and <span class=\"_ _6\"></span>reinsuranc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _6\"></span>(discounted) <span class=\"_ _52\"> </span>4,1<span class=\"_ _c\"></span>15.7  <span class=\"_ _128\"> </span>707<span class=\"_ _4\"></span>.9  <span class=\"_ _3a\"> </span>305.4  <span class=\"_ _32\"> </span>267<span class=\"_ _4\"></span>.6  <span class=\"_ _3a\"> </span>2<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>8.6  <span class=\"_ _43\"> </span>252.7  <span class=\"_ _32\"> </span>827<span class=\"_ _4\"></span>.7  <span class=\"_ _ea\"> </span>1,<span class=\"_ _c\"></span>344.3  <span class=\"_ _134\"> </span>3,954<span class=\"_ _c\"></span>.2<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _211\"> </span>6,1<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>.7  <span class=\"_ _3f\"> </span>6,070.3  <span class=\"_ _107\"> </span>4.6  <span class=\"_ _1c2\"> </span>5.4  <span class=\"_ _109\"> </span>4.4  <span class=\"_ _1c2\"> </span>5.0  <span class=\"_ _52\"> </span>21.2  <span class=\"_ _66\"> </span>5.8  <span class=\"_ _e6\"> </span>6,1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6.7<span class=\"_ _36a\"> </span>Liabilities <span class=\"_ _c\"></span>relating <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>policyholder\u2019s <span class=\"_ _c\"></span>fund <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _c\"></span>Group <span class=\"_ _168\"> </span>1,<span class=\"_ _c\"></span>825<span class=\"_ _c\"></span>.5  <span class=\"_ _e9\"> </span>1,825<span class=\"_ _c\"></span>.5  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013<span class=\"_ _c\"></span>  <span class=\"_ _57\"> </span>\u2013<span class=\"_ _c\"></span>  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _e9\"> </span>1,82<span class=\"_ _c\"></span>5.5<span class=\"_ _36a\"> </span>Lease <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _1eb\"> </span>0.<span class=\"_ _3\"></span>6  <span class=\"_ _66\"> </span>0.6  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _66\"> </span>0.6<span class=\"_ _36a\"> </span>Borro<span class=\"_ _3\"></span>wings <span class=\"_ _212\"> </span>204.8  <span class=\"_ _154\"> </span>1.4  <span class=\"_ _66\"> </span>0.5  <span class=\"_ _66\"> </span>0.2  <span class=\"_ _1c2\"> </span>0.2  <span class=\"_ _66\"> </span>0.2  <span class=\"_ _130\"> </span>201.6  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _43\"> </span>204<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _213\"> </span>0.6  <span class=\"_ _66\"> </span>0.<span class=\"_ _3\"></span>6  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _66\"> </span>0.6<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>current <span class=\"_ _c\"></span>liabilities <span class=\"_ _20d\"> </span>129.7  <span class=\"_ _124\"> </span>1<span class=\"_ _c\"></span>16.8  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _125\"> </span>1<span class=\"_ _c\"></span>16.8<span class=\"_ _36a\"> </span>Bank over<span class=\"_ _3\"></span>drafts <span class=\"_ _12f\"> </span><span class=\"fc2 ws184\">0.8  <span class=\"_ _109\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _10d\"> </span>\u2013  <span class=\"_ _57\"> </span>\u2013  <span class=\"_ _109\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>financial <span class=\"_ _c\"></span>liabilities <span class=\"_ _c\"></span>(undiscounted) <span class=\"_ _214\"> </span>8,278.7  <span class=\"_ _134\"> </span>8,01<span class=\"_ _c\"></span>6.0  <span class=\"_ _50\"> </span>5.1  <span class=\"_ _1c2\"> </span>5.6  <span class=\"_ _107\"> </span>4<span class=\"_ _c\"></span>.6  <span class=\"_ _161\"> </span>5.2  <span class=\"_ _128\"> </span>222.<span class=\"_ _c\"></span>8  <span class=\"_ _66\"> </span>5.<span class=\"_ _c\"></span>8  <span class=\"_ _ea\"> </span>8,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>65<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _f5\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>39<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _132\"> </span>8,7<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>3.<span class=\"_ _c\"></span>9  <span class=\"_ _3a\"> </span>31<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>5  <span class=\"_ _129\"> </span>27<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _127\"> </span>25<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _127\"> </span>257.9  <span class=\"_ _11d\"> </span>1,0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>5  <span class=\"_ _f7\"> </span>1,<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.1  <span class=\"_ _ee\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>21<span class=\"_ _6\"></span>9.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>The v<span class=\"_ _3\"></span>alues reported for insurance contract liabilities and reinsurance contract liabilities <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>clude the risk adjustment and contractual service margin as these are not considered to be financial liabilities subject<span class=\"_ _36a\"> </span>to liquidity risk. <span class=\"_ _2f\"></span>The carrying values in the table abo<span class=\"_ _4\"></span>ve are Statement <span class=\"_ _4\"></span>of Financial Position v<span class=\"_ _4\"></span>alues.<span class=\"_ _36a\"> </span>The maturity analy<span class=\"_ _4\"></span>sis for unit-linked in<span class=\"_ _3\"></span>vestment contracts presents all the liabilities as due in the earliest period in the table because the<span class=\"_ _4\"></span>y are repayable <span class=\"_ _3\"></span>or transf<span class=\"_ _3\"></span>erable on demand, with no notice period.<span class=\"_ _36a\"> </span>The table that f<span class=\"_ _3\"></span>ollows sho<span class=\"_ _3\"></span>ws the amounts from insurance contract assets and liabilities that are<span class=\"_ _36a\"> </span>pay<span class=\"_ _3\"></span>able on demand. In most cases the non-distinct in<span class=\"_ _3\"></span>vestment component is considered to be<span class=\"_ _36a\"> </span>appropriate as a proxy f<span class=\"_ _3\"></span>or the amount pay<span class=\"_ _3\"></span>able on demand. <span class=\"_ _4\"></span>As per the maturity analysis table, the<span class=\"_ _36a\"> </span>amounts presented e<span class=\"_ _3\"></span>xclude the risk adjustment and contractual service margin. <span class=\"_ _2f\"></span>The car<span class=\"_ _3\"></span>rying<span class=\"_ _36a\"> </span>amount is the full <span class=\"_ _3\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition value.<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _11b\"> </span>  <span class=\"_ _11f\"> </span>2025  <span class=\"_ _11f\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _11c\"> </span>202<span class=\"_ _c\"></span>4  <span class=\"_ _11c\"> </span>2024<span class=\"_ _36a\"> </span>T<span class=\"_ _3\"></span>ype <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _168\"> </span>  <span class=\"_ _e7\"> </span>   Paya<span class=\"_ _c\"></span>ble <span class=\"_ _6\"></span>on  <span class=\"_ _f6\"> </span>Carr<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>ing   Paya<span class=\"_ _c\"></span>ble <span class=\"_ _6\"></span>on  <span class=\"_ _f6\"> </span>Carr<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>g <span class=\"_ _171\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _5e\"> </span>demand  <span class=\"_ _e3\"> </span>amount  <span class=\"_ _5e\"> </span>demand  <span class=\"_ _e3\"> </span>amount <span class=\"_ _171\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _119\"> </span>\u00a3m  <span class=\"_ _119\"> </span>\u00a3m  <span class=\"_ _119\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _119\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Immediate <span class=\"_ _c\"></span>annuities <span class=\"_ _170\"> </span>  <span class=\"_ _11b\"> </span>  <span class=\"_ _11a\"> </span>3.1  <span class=\"_ _e8\"> </span>3<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>.0  <span class=\"_ _128\"> </span>2.7  <span class=\"_ _f0\"> </span>306.4<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm <span class=\"_ _6\"></span>assuranc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>non-linked <span class=\"_ _132\"> </span>  <span class=\"_ _11f\"> </span>104.<span class=\"_ _c\"></span>3  <span class=\"_ _f0\"> </span>3<span class=\"_ _c\"></span>84.6  <span class=\"_ _f7\"> </span>130.1  <span class=\"_ _132\"> </span>385.9<span class=\"_ _36a\"> </span>Unit-linked/Inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/With-profits <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>GMM   <span class=\"_ _132\"> </span>81<span class=\"_ _c\"></span>0.0  <span class=\"_ _18b\"> </span>927<span class=\"_ _4\"></span>.7  <span class=\"_ _132\"> </span>822<span class=\"_ _c\"></span>.2  <span class=\"_ _e8\"> </span>908.1<span class=\"_ _36a\"> </span>Unit-linked/Inde<span class=\"_ _3\"></span>x-link<span class=\"_ _3\"></span>ed/With-profits <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>VFA <span class=\"_ _a\"> </span>  <span class=\"_ _3c\"> </span>2,17<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.0  <span class=\"_ _41\"> </span>2,<span class=\"_ _c\"></span>28<span class=\"_ _c\"></span>1.1  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>,161.5  <span class=\"_ _40\"> </span>2,464.9<span class=\"_ _36a\"> </span>Short-term <span class=\"_ _c\"></span>protection <span class=\"_ _113\"> </span>  <span class=\"_ _11b\"> </span>  <span class=\"_ _ea\"> </span>28<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _e6\"> </span>31.<span class=\"_ _6\"></span>3  <span class=\"_ _119\"> </span>29.<span class=\"_ _3\"></span>1  <span class=\"_ _e7\"> </span>32<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _29\"> </span>3<span class=\"_ _c\"></span>,1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>9.7  <span class=\"_ _139\"> </span>3,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>0.7  <span class=\"_ _3b\"> </span>3<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>14<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6  <span class=\"_ _139\"> </span>4<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>09<span class=\"_ _c\"></span>7.<span class=\"_ _c\"></span>3",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-44": {
   "value": "  B4 <span class=\"_ _6\"></span>Capital manag<span class=\"_ _3\"></span>ement  (a) <span class=\"_ _6\"></span>Regulat<span class=\"_ _3\"></span>ory context<span class=\"_ _36a\"> </span>Solvency II<span class=\"_ _36a\"> </span>On 31 December 2024 the PRA\u2019s restatement of Solvency II assimilated law came into force.<span class=\"_ _36a\"> </span>Throughout the document we refer to the new regime as Solvency II, in line with the name of the<span class=\"_ _36a\"> </span>prudential regime in PRA policy material.<span class=\"_ _36a\"> </span>The Group is required to comply with the \u2018Solv<span class=\"_ _3\"></span>ency II\u2019 regime. <span class=\"_ _3\"></span>Solvency II includes r<span class=\"_ _3\"></span>ules o<span class=\"_ _3\"></span>ver the<span class=\"_ _36a\"> </span>quantity and quality of capital (kno<span class=\"_ _3\"></span>wn as \u2018<span class=\"_ _4\"></span>Own F<span class=\"_ _4\"></span>unds<span class=\"_ _3\"></span>\u2019) that insurance companies and groups need<span class=\"_ _36a\"> </span>in order to meet the required le<span class=\"_ _3\"></span>vel <span class=\"_ _3\"></span>of capital (known as the \u2018Solv<span class=\"_ _4\"></span>ency Capital Requirement\u2018). The Group <span class=\"_ _3\"></span>operates e<span class=\"_ _4\"></span>xclusively within the UK and the EU and as a result, the <span class=\"_ _4\"></span>Solvency II regime is<span class=\"_ _36a\"> </span>applied to the Group and all regulated insurance companies within the Group in the financial <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>Solvency II regime has specific rules regarding ho<span class=\"_ _3\"></span>w Own F<span class=\"_ _4\"></span>unds are recognised and valued. In a number of cases, the IFR<span class=\"_ _3\"></span>S and <span class=\"_ _3\"></span>Solvency II v<span class=\"_ _4\"></span>alue of an asset and liability are the same, but in<span class=\"_ _36a\"> </span>some cases there are diff<span class=\"_ _3\"></span>erences. In particular<span class=\"_ _4\"></span>, liabilities for insurance and in<span class=\"_ _3\"></span>vestment contracts<span class=\"_ _36a\"> </span>are valued diff<span class=\"_ _4\"></span>erently<span class=\"_ _4\"></span>, with insurance contracts valued according to IFRS 1<span class=\"_ _5\"></span>7 and therefore including<span class=\"_ _36a\"> </span>a contractual service margin and inv<span class=\"_ _4\"></span>estment contracts valued as per unit value under IFR<span class=\"_ _3\"></span>S 9. In<span class=\"_ _36a\"> </span>addition, <span class=\"_ _3\"></span>Solvency II has diff<span class=\"_ _4\"></span>ering treatments for certain intangible assets. <span class=\"_ _3\"></span>A high-lev<span class=\"_ _3\"></span>el reconciliation<span class=\"_ _36a\"> </span>between the IFR<span class=\"_ _3\"></span>S net assets and <span class=\"_ _3\"></span>Solvency II O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds of the Group and its subsidiaries has<span class=\"_ _36a\"> </span>been provided in section (c)(ii) <span class=\"_ _3\"></span>of this Note.<span class=\"_ _36a\"> </span>Regarding the <span class=\"_ _4\"></span>Solvency Capital Requirement (SCR) <span class=\"_ _4\"></span>of the Group and its subsidiaries, t<span class=\"_ _c\"></span>he Group has<span class=\"_ _36a\"> </span>elected to use the \u2018standard formula\u2019 approach f<span class=\"_ _3\"></span>or its calculation, which means we are applying the<span class=\"_ _36a\"> </span>formulae as included in the <span class=\"_ _4\"></span>Solvency II framew<span class=\"_ _4\"></span>ork. <span class=\"_ _5\"></span>The calculations within the standard formula ha<span class=\"_ _3\"></span>ve<span class=\"_ _36a\"> </span>been designed such that, on the basis that an insurance compan<span class=\"_ _3\"></span>y holds Own F<span class=\"_ _4\"></span>unds that are at<span class=\"_ _36a\"> </span>least equal to its <span class=\"_ _4\"></span>SCR, it will be able to withstand a 1 in 20<span class=\"_ _c\"></span>0 <span class=\"_ _4\"></span>year <span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>ent. An alternative w<span class=\"_ _3\"></span>ould hav<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>been to use an \u2018internal model\u2019 but this was not deemed appropriate f<span class=\"_ _3\"></span>or the size and comple<span class=\"_ _3\"></span>xity of the Group.<span class=\"_ _36a\"> </span>The UK <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>reasury and EIOP<span class=\"_ _4\"></span>A hav<span class=\"_ _3\"></span>e both undertaken a re<span class=\"_ _4\"></span>view of <span class=\"_ _4\"></span>Solvency II rules implementation.<span class=\"_ _36a\"> </span>In the UK this resulted in a reduction in the Risk Margin from 31 December 2023 and similar is<span class=\"_ _36a\"> </span>expected f<span class=\"_ _3\"></span>or the o<span class=\"_ _3\"></span>verseas <span class=\"_ _4\"></span>entities from t<span class=\"_ _c\"></span>he EIOP<span class=\"_ _4\"></span>A revie<span class=\"_ _4\"></span>w<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>Compan<span class=\"_ _3\"></span>y law<span class=\"_ _36a\"> </span>As w<span class=\"_ _3\"></span>ell as complying with the <span class=\"_ _3\"></span>Solvency II regime, <span class=\"_ _3\"></span>each company within the Group is required to comply with relevant company la<span class=\"_ _4\"></span>w capital and distribution rules.<span class=\"_ _36a\"> </span>b) <span class=\"_ _6\"></span>Objectives,<span class=\"_ _3\"></span> policies and processes f<span class=\"_ _3\"></span>or managing capital<span class=\"_ _36a\"> </span>(i) Objectives<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>o manage compliance with t<span class=\"_ _c\"></span>he e<span class=\"_ _3\"></span>xternally imposed capital requirements, the Group and its<span class=\"_ _36a\"> </span>subsidiaries hav<span class=\"_ _3\"></span>e established capital management policies in place. The <span class=\"_ _3\"></span>objectives <span class=\"_ _3\"></span>of these<span class=\"_ _36a\"> </span>policies are:<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>to ensure that capital is managed in a wa<span class=\"_ _3\"></span>y that is consistent with the business strategy of the Group<span class=\"_ _36a\"> </span>and its subsidiaries, in that they:<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>promote f<span class=\"_ _3\"></span>air customer outcomes through protecting policyholders;<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _c\"></span> <span class=\"_ _0\"></span>provide protection to shareholders through <span class=\"_ _3\"></span>ensuring that the business is adequately protected<span class=\"_ _36a\"> </span>against stress e<span class=\"_ _3\"></span>vents; and<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span> <span class=\"_ _12\"></span>provide a framew<span class=\"_ _4\"></span>ork to support the decision making process for returns to shareholders via dividends.<span class=\"_ _36a\"> </span>\u2013 <span class=\"_ _6\"></span>to ensure that capital <span class=\"_ _4\"></span>of the Group and its subsidiaries is managed in accordance with the Board\u2019<span class=\"_ _5\"></span>s<span class=\"_ _36a\"> </span>risk appetite, in particular each B<span class=\"_ _3\"></span>oard\u2019<span class=\"_ _5\"></span>s aversion f<span class=\"_ _4\"></span>or Own F<span class=\"_ _3\"></span>unds to fall belo<span class=\"_ _4\"></span>w t<span class=\"_ _c\"></span>he <span class=\"_ _4\"></span>SCR.<span class=\"_ _36a\"> </span>ii) P<span class=\"_ _3\"></span>olicies<span class=\"_ _36a\"> </span>In light of the <span class=\"_ _3\"></span>objectives f<span class=\"_ _3\"></span>or the Group\u2019<span class=\"_ _5\"></span>s and its subsidiaries\u2019 capital management policies, the<span class=\"_ _36a\"> </span>follo<span class=\"_ _3\"></span>wing quantitative limits f<span class=\"_ _3\"></span>or managing Own F<span class=\"_ _4\"></span>unds are applied across the Group:<span class=\"_ _36a\"> </span>Region <span class=\"_ _15b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>UK  <span class=\"_ _5f\"> </span>Movestic  <span class=\"_ _156\"> </span>Scildo<span class=\"_ _c\"></span>n  <span class=\"_ _4e\"> </span>Group<span class=\"_ _36a\"> </span>Dividend paying limit: Own Funds stated as % of SCR <span class=\"_ _40\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _d4\"> </span>120% <span class=\"_ _3\"></span> <span class=\"_ _d4\"> </span>120% <span class=\"_ _4\"></span> <span class=\"_ _ee\"> </span>185% <span class=\"_ _4\"></span> <span class=\"_ _ef\"> </span>140%<span class=\"_ _36a\"> </span>Management actions limit: Own Funds stated as % of SCR <span class=\"_ _40\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _d3\"> </span>1<span class=\"_ _6\"></span>10% <span class=\"_ _4\"></span> <span class=\"_ _d3\"> </span>1<span class=\"_ _6\"></span>10%  <span class=\"_ _ee\"> </span>175% <span class=\"_ _4\"></span> <span class=\"_ _d3\"> </span>1<span class=\"_ _6\"></span>10%<span class=\"_ _36a\"> </span>Dividend paying limit:<span class=\"ff36\"> <span class=\"_ _2f\"></span>This is the point at which a dividend w<span class=\"_ _3\"></span>ould cease to be paid, until at such<span class=\"_ _36a\"> </span></span>time the solvency position w<span class=\"_ _3\"></span>as restored abov<span class=\"_ _3\"></span>e this point. <span class=\"_ _2f\"></span>This limit is set by the rele<span class=\"_ _3\"></span>vant B<span class=\"_ _3\"></span>oard in<span class=\"_ _36a\"> </span>each division with ref<span class=\"_ _3\"></span>erence to its respective risk appetite, as articulated in <span class=\"_ _3\"></span>each division<span class=\"_ _4\"></span>\u2019<span class=\"_ _4\"></span>s Capital<span class=\"_ _36a\"> </span>Management P<span class=\"_ _4\"></span>olicy<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>Management actions limit:<span class=\"ff36\"> <span class=\"_ _2f\"></span>This is the point at which, should Own F<span class=\"_ _5\"></span>unds fall below this le<span class=\"_ _3\"></span>vel,<span class=\"_ _36a\"> </span></span>additional management actions would be considered to restore O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds back above this le<span class=\"_ _3\"></span>vel.<span class=\"_ _36a\"> </span>In essence this represents an internal \u2018ladder <span class=\"_ _3\"></span>of intervention limit\u2019 that is set b<span class=\"_ _3\"></span>y the Group and<span class=\"_ _36a\"> </span>divisional Boards.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>o put the above table and definitions in context, and taking Group as an <span class=\"_ _4\"></span>example, this means that<span class=\"_ _36a\"> </span>the Group will not pay a dividend should the pa<span class=\"_ _3\"></span>yment of the dividend tak<span class=\"_ _3\"></span>e the Group Own F<span class=\"_ _4\"></span>unds<span class=\"_ _36a\"> </span>to below 1<span class=\"_ _4\"></span>40% of its <span class=\"_ _4\"></span>SCR. Should O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds fall below 1<span class=\"_ _2f\"></span>1<span class=\"_ _4\"></span>0% of <span class=\"_ _4\"></span>SCR , additional management<span class=\"_ _36a\"> </span>actions will be taken.  B4 <span class=\"_ _6\"></span>Capital manag<span class=\"_ _3\"></span>ement (continued) <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Objectives,<span class=\"_ _3\"></span> policies and processes f<span class=\"_ _3\"></span>or managing capital (continued) (iii) <span class=\"_ _6\"></span>Pr<span class=\"_ _4\"></span>ocess for management of capital<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing k<span class=\"_ _3\"></span>ey processes and procedures are in place across the Group to manage adherence<span class=\"_ _36a\"> </span>to the capital management policies in place: \u2013 <span class=\"_ _1f7\"></span><span class=\"ff45 ws1\">Internal solvency reporting:<span class=\"ff36\"> <span class=\"_ _4\"></span>A number of internal reports are produced that focus <span class=\"_ _3\"></span>on the solvency<span class=\"_ _36a\"> </span></span></span>position of the Group/Compan<span class=\"_ _3\"></span>y<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>These include the Own Risk &amp; <span class=\"_ _4\"></span>Solvency A<span class=\"_ _3\"></span>ssessment (ORS<span class=\"_ _4\"></span>A)<span class=\"_ _36a\"> </span>Report, a quarterly actuarial report and a quarterly finance report. <span class=\"_ _4\"></span>All of these are presented to and<span class=\"_ _36a\"> </span>approv<span class=\"_ _3\"></span>ed by the B<span class=\"_ _3\"></span>oard. \u2013 <span class=\"_ _1f7\"></span><span class=\"ff45 ws1\">Production of projections:<span class=\"ff36\"> On at least an annual basis, solv<span class=\"_ _4\"></span>ency projections are produced for the<span class=\"_ _36a\"> </span></span></span>Group and its subsidiaries. <span class=\"_ _2f\"></span>These projections are included in both the business plans and the ORS<span class=\"_ _3\"></span>A<span class=\"_ _36a\"> </span>Report and sho<span class=\"_ _3\"></span>w how management anticipates the solv<span class=\"_ _3\"></span>ency position to dev<span class=\"_ _4\"></span>elop over time. <span class=\"_ _9\"></span>The<span class=\"_ _36a\"> </span>projections process includes assessing the impact of a number <span class=\"_ _3\"></span>of diff<span class=\"_ _3\"></span>erent stress scenarios to ensure<span class=\"_ _36a\"> </span>that the sensitivities of the business are understood. B<span class=\"_ _3\"></span>oth the ORS<span class=\"_ _3\"></span>A and the business plans are<span class=\"_ _36a\"> </span>presented to and approv<span class=\"_ _3\"></span>ed by the B<span class=\"_ _3\"></span>oard. \u2013 <span class=\"_ _1f7\"></span><span class=\"ff45 ws1\">Regular revie<span class=\"_ _4\"></span>w of internal limits in place:<span class=\"ff36\"> On at least an annual basis, the limits described in<span class=\"_ _36a\"> </span></span></span>section (b)(ii) of this Note are re<span class=\"_ _3\"></span>view<span class=\"_ _3\"></span>ed and assessed, having regard to the de<span class=\"_ _4\"></span>velopments of the business and any <span class=\"_ _3\"></span>other changes that may ha<span class=\"_ _3\"></span>ve aff<span class=\"_ _4\"></span>ected the Group\u2019<span class=\"_ _5\"></span>s/divisions\u2019 risk appetite. \u2013 <span class=\"_ _1f7\"></span><span class=\"ff45 ws1\">Reco<span class=\"_ _4\"></span>ver<span class=\"_ _c\"></span>y management protocol:<span class=\"ff36\"> A protocol for management actions has been designed which, in<span class=\"_ _36a\"> </span></span></span>eff<span class=\"_ _3\"></span>ect, represents an internally set \u2018ladder of interv<span class=\"_ _3\"></span>ention<span class=\"_ _4\"></span>\u2019<span class=\"_ _9\"></span>. <span class=\"_ _5\"></span>The protocol includes items such as<span class=\"_ _36a\"> </span>solvency monitoring frequency<span class=\"_ _5\"></span>, what level <span class=\"_ _4\"></span>of escalations are required and what management actions<span class=\"_ _36a\"> </span>need to be considered. \u2013 <span class=\"_ _1f7\"></span><span class=\"ff45 ws1\">Monthly solvency monitoring:<span class=\"ff36\"> F<span class=\"_ _5\"></span>ul<span class=\"_ _c\"></span>l solvency calculations are perf<span class=\"_ _3\"></span>ormed on a quarterly basis. F<span class=\"_ _4\"></span>or<span class=\"_ _36a\"> </span></span></span>intra-quarter months, a monthly solvency <span class=\"_ _3\"></span>estimate is produced. <span class=\"_ _2f\"></span>Where full estimation routines are<span class=\"_ _36a\"> </span>not practical intra-valuation solv<span class=\"_ _3\"></span>ency can be monitored through trigger monitoring and sensitivity<span class=\"_ _36a\"> </span>analysis. In addition to the Group le<span class=\"_ _3\"></span>vel indicators, the Chesnara B<span class=\"_ _3\"></span>oard will remain close to any<span class=\"_ _36a\"> </span>indications of divisional solv<span class=\"_ _3\"></span>ency mov<span class=\"_ _3\"></span>ements by means <span class=\"_ _4\"></span>of divisional MI and quarterly business reviews.<span class=\"_ _36a\"> </span>On at least a monthly basis, specific ke<span class=\"_ _3\"></span>y risk indicators are monitored against pre-defined trigger<span class=\"_ _36a\"> </span>points. <span class=\"_ _2f\"></span>The trigger points are set having regard f<span class=\"_ _3\"></span>or the sensitivity of the Group to certain scenarios.<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>rigger points and the list of risk indicators being monitored are assessed at least annually<span class=\"_ _4\"></span>. (iv) <span class=\"_ _6\"></span>Compliance dur<span class=\"_ _4\"></span>ing year<span class=\"_ _36a\"> </span>The Group, and all insurance companies within the Group, held O<span class=\"_ _3\"></span>wn F<span class=\"_ _4\"></span>unds above their respectiv<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>Solvency Capital R<span class=\"_ _3\"></span>equirements at all times during the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Quantitative analysis <span class=\"_ _b\"> </span>(i) <span class=\"_ _c\"></span>Group solvency position<span class=\"_ _36a\"> </span>The unaudited solv<span class=\"_ _3\"></span>ency position of the Group and its divisions at 3<span class=\"_ _4\"></span>1 December 2025, and at 3<span class=\"_ _4\"></span>1 December 2024, has been shown in the tables below<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>They present a vie<span class=\"_ _4\"></span>w of the solvency position which may<span class=\"_ _36a\"> </span>diff<span class=\"_ _3\"></span>er to the position of the individual insurance compan<span class=\"_ _3\"></span>y(ies) within that division.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _6\"></span>(unau<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>ed<span class=\"_ _c\"></span>) <span class=\"_ _1cd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _66\"> </span>Ot<span class=\"_ _c\"></span>he<span class=\"_ _c\"></span>r Region <span class=\"_ _f5\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>Group <span class=\"_ _6\"></span>and  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1b\"> </span>con<span class=\"_ _c\"></span>solidation  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Sweden<span class=\"_ _3\"></span>  <span class=\"_ _138\"> </span>Netherlands  <span class=\"_ _1f5\"> </span>adjustme<span class=\"_ _c\"></span>nts  <span class=\"_ _10a\"> </span>Group <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Own <span class=\"_ _c\"></span>Funds <span class=\"_ _c\"></span>(pre <span class=\"_ _c\"></span>dividends) <span class=\"_ _216\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1fe\"> </span>140.5  <span class=\"_ _104\"> </span>207<span class=\"_ _4\"></span>.0  <span class=\"_ _104\"> </span>26<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.7  <span class=\"_ _104\"> </span>282.9  <span class=\"_ _111\"> </span>893.1<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>oposed <span class=\"_ _7\"> </span>dividend <span class=\"_ _1e8\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _17f\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _51\"> </span>(22.5 ) <span class=\"_ _16b\"> </span>(5.6 ) <span class=\"_ _111\"> </span>(30.6 ) <span class=\"_ _61\"> </span>24.5 <span class=\"_ _1c\"> </span> <span class=\"_ _113\"> </span>(34 .2 )<span class=\"_ _36a\"> </span>Own <span class=\"_ _6\"></span>Fun<span class=\"_ _c\"></span>ds <span class=\"_ _6\"></span>(po<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>divi<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>nds) <span class=\"_ _76\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>8.<span class=\"_ _c\"></span>0  <span class=\"_ _19e\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _126\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.1  <span class=\"_ _18a\"> </span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _161\"> </span>8<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>SCR <span class=\"_ _150\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _51\"> </span>90.9  <span class=\"_ _113\"> </span>141.7  <span class=\"_ _61\"> </span>99.2  <span class=\"_ _8e\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _162\"> </span>334.0<span class=\"_ _36a\"> </span>So<span class=\"_ _c\"></span>lve<span class=\"_ _c\"></span>ncy <span class=\"_ _6\"></span>su<span class=\"_ _c\"></span>rplu<span class=\"_ _c\"></span>s <span class=\"_ _d8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>27.1  <span class=\"_ _57\"> </span>59<span class=\"_ _c\"></span>.7  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>32<span class=\"_ _6\"></span>.9  <span class=\"_ _16b\"> </span>n/a  <span class=\"_ _18a\"> </span>52<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>So<span class=\"_ _c\"></span>lve<span class=\"_ _c\"></span>ncy <span class=\"_ _6\"></span>ra<span class=\"_ _c\"></span>tio <span class=\"_ _1d7\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>0%  <span class=\"_ _104\"> </span>14<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>%  <span class=\"_ _154\"> </span>2<span class=\"_ _c\"></span>34%  <span class=\"_ _16b\"> </span>n/a  <span class=\"_ _19e\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>7%<span class=\"_ _36a\"> </span>Dividend <span class=\"_ _c\"></span>paying <span class=\"_ _c\"></span>limit <span class=\"_ _6\"></span>(% <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>SCR) <span class=\"_ _1d2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10e\"> </span>120%  <span class=\"_ _10e\"> </span>120%  <span class=\"_ _111\"> </span>1<span class=\"_ _c\"></span>85%  <span class=\"_ _5c\"> </span>n/<span class=\"_ _4\"></span>a  <span class=\"_ _112\"> </span>140%<span class=\"_ _36a\"> </span>Dividend <span class=\"_ _c\"></span>paying <span class=\"_ _c\"></span>limit <span class=\"_ _6\"></span>(\u00a3) <span class=\"_ _c3\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _57\"> </span>109<span class=\"_ _3\"></span>.1  <span class=\"_ _1fe\"> </span>170.0  <span class=\"_ _10e\"> </span>183.<span class=\"_ _c\"></span>5  <span class=\"_ _166\"> </span>n/<span class=\"_ _4\"></span>a  <span class=\"_ _104\"> </span>467.<span class=\"_ _3\"></span>6<span class=\"_ _36a\"> </span>Surplus <span class=\"_ _c\"></span>over <span class=\"_ _c\"></span>dividend <span class=\"_ _c\"></span>paying <span class=\"_ _c\"></span>limit <span class=\"_ _67\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>8.9  <span class=\"_ _1f\"> </span>31.4  <span class=\"_ _57\"> </span>4<span class=\"_ _c\"></span>8.6  <span class=\"_ _5c\"> </span>n/<span class=\"_ _3\"></span>a  <span class=\"_ _110\"> </span>391.3<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _6\"></span>(unaud<span class=\"_ _c\"></span>ite<span class=\"_ _c\"></span>d) <span class=\"_ _1cd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _66\"> </span>Ot<span class=\"_ _c\"></span>her Region <span class=\"_ _f5\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>Group <span class=\"_ _6\"></span>and  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1b\"> </span>con<span class=\"_ _c\"></span>solidation  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Sweden<span class=\"_ _3\"></span>  <span class=\"_ _138\"> </span>Netherlands  <span class=\"_ _1f5\"> </span>adjustme<span class=\"_ _c\"></span>nts  <span class=\"_ _10a\"> </span>Group <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Own <span class=\"_ _c\"></span>Funds <span class=\"_ _c\"></span>(pre <span class=\"_ _c\"></span>dividends) <span class=\"_ _216\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>175.<span class=\"_ _3\"></span>4  <span class=\"_ _112\"> </span>186<span class=\"_ _c\"></span>.0  <span class=\"_ _110\"> </span>228.1  <span class=\"_ _61\"> </span>76.7  <span class=\"_ _162\"> </span>666.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>oposed <span class=\"_ _7\"> </span>dividend <span class=\"_ _1e8\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _17f\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _113\"> </span>(45.0 ) <span class=\"_ _16b\"> </span>(2.5 ) <span class=\"_ _1f\"> </span>(6.6 ) <span class=\"_ _61\"> </span>30.6 <span class=\"_ _1c\"> </span> <span class=\"_ _10d\"> </span>(23.5 )<span class=\"_ _36a\"> </span>Own <span class=\"_ _6\"></span>Fun<span class=\"_ _c\"></span>ds <span class=\"_ _6\"></span>(po<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>divi<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>nds) <span class=\"_ _76\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _50\"> </span>13<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _126\"> </span>2<span class=\"_ _c\"></span>21<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>07.<span class=\"_ _c\"></span>3  <span class=\"_ _18a\"> </span>6<span class=\"_ _c\"></span>42<span class=\"_ _6\"></span>.7<span class=\"_ _36a\"> </span>SCR <span class=\"_ _150\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>96<span class=\"_ _c\"></span>.5  <span class=\"_ _57\"> </span>12<span class=\"_ _c\"></span>1.9  <span class=\"_ _116\"> </span>93.5  <span class=\"_ _5c\"> </span>4.0  <span class=\"_ _10f\"> </span>315.9<span class=\"_ _36a\"> </span>So<span class=\"_ _c\"></span>lve<span class=\"_ _c\"></span>ncy <span class=\"_ _6\"></span>su<span class=\"_ _c\"></span>rplu<span class=\"_ _c\"></span>s <span class=\"_ _d8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _113\"> </span>3<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _51\"> </span>6<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>6  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.0  <span class=\"_ _16b\"> </span>n/a  <span class=\"_ _18a\"> </span>3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>So<span class=\"_ _c\"></span>lve<span class=\"_ _c\"></span>ncy <span class=\"_ _6\"></span>ra<span class=\"_ _c\"></span>tio <span class=\"_ _1d7\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>5%  <span class=\"_ _110\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>1%  <span class=\"_ _19e\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>7%  <span class=\"_ _16b\"> </span>n/a  <span class=\"_ _154\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>3%<span class=\"_ _36a\"> </span>Dividend <span class=\"_ _c\"></span>paying <span class=\"_ _c\"></span>limit <span class=\"_ _6\"></span>(% <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>SCR) <span class=\"_ _1d2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10e\"> </span>120%  <span class=\"_ _10e\"> </span>120%  <span class=\"_ _110\"> </span>185%  <span class=\"_ _170\"> </span>n/a  <span class=\"_ _126\"> </span>140%<span class=\"_ _36a\"> </span>Dividend <span class=\"_ _c\"></span>paying <span class=\"_ _c\"></span>limit <span class=\"_ _6\"></span>(\u00a3) <span class=\"_ _c3\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>1<span class=\"_ _6\"></span>15.8  <span class=\"_ _10e\"> </span>146<span class=\"_ _c\"></span>.3  <span class=\"_ _110\"> </span>172.9  <span class=\"_ _5c\"> </span>n/<span class=\"_ _3\"></span>a  <span class=\"_ _162\"> </span>442.2<span class=\"_ _36a\"> </span>Surplus <span class=\"_ _c\"></span>over <span class=\"_ _c\"></span>dividend <span class=\"_ _c\"></span>paying <span class=\"_ _c\"></span>limit <span class=\"_ _67\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>14.6  <span class=\"_ _115\"> </span>37<span class=\"_ _4\"></span>.2  <span class=\"_ _10d\"> </span>48.6  <span class=\"_ _5c\"> </span>n/<span class=\"_ _3\"></span>a  <span class=\"_ _19e\"> </span>200.4 (ii) <span class=\"_ _6\"></span>Reconciliation betw<span class=\"_ _3\"></span>een Solvency II Own F<span class=\"_ _3\"></span>unds and IFRS net assets (unaudit<span class=\"_ _3\"></span>ed)<span class=\"_ _36a\"> </span>The tables belo<span class=\"_ _3\"></span>w show the k<span class=\"_ _3\"></span>ey diff<span class=\"_ _4\"></span>erences between the <span class=\"_ _4\"></span>Solvency II Own F<span class=\"_ _4\"></span>unds reported in section (c)(i) of this Note and the Group\u2019<span class=\"_ _5\"></span>s IFRS net assets.<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>e<span class=\"ls18 ws18\">mber 202<span class=\"_ _c\"></span>5 (<span class=\"_ _3\"></span>unaudited)<span class=\"_ _3\"></span><span class=\"lsf8 ws1a2\"> <span class=\"_ _1cd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _66\"> </span>Other </span></span>Region <span class=\"_ _f5\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>Group <span class=\"_ _6\"></span>and  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1b\"> </span>con<span class=\"_ _c\"></span>solidation  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Sweden<span class=\"_ _3\"></span>  <span class=\"_ _138\"> </span>Netherlands  <span class=\"_ _1f5\"> </span>adjustme<span class=\"_ _c\"></span>nts  <span class=\"_ _10a\"> </span>Group <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>So<span class=\"_ _c\"></span>lve<span class=\"_ _c\"></span>ncy <span class=\"_ _6\"></span>I<span class=\"_ _c\"></span>I <span class=\"_ _6\"></span>Own <span class=\"_ _6\"></span>Funds <span class=\"_ _6\"></span>(p<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>div<span class=\"_ _c\"></span>id<span class=\"_ _c\"></span>end<span class=\"_ _c\"></span>s) <span class=\"_ _217\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>8.<span class=\"_ _c\"></span>0  <span class=\"_ _50\"> </span>20<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _126\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.1  <span class=\"_ _18a\"> </span>3<span class=\"_ _c\"></span>07.<span class=\"_ _c\"></span>4  <span class=\"_ _161\"> </span>8<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Ring-fenced <span class=\"_ _c\"></span>fun<span class=\"_ _c\"></span>d <span class=\"_ _c\"></span>surplus <span class=\"_ _c\"></span>restrictions <span class=\"_ _94\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>5.7  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>7<span class=\"_ _3\"></span>.8  <span class=\"_ _ed\"> </span>1<span class=\"_ _c\"></span>3.5<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Intangible <span class=\"_ _6\"></span>assets <span class=\"_ _4a\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>16.4  <span class=\"_ _116\"> </span>72.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10d\"> </span>88.9<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Tier <span class=\"_ _c\"></span>2 <span class=\"_ _6\"></span>debt <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>restriction <span class=\"_ _13b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>5.8  <span class=\"_ _111\"> </span>(167.<span class=\"_ _3\"></span>1 <span class=\"_ _2f\"></span>) <span class=\"_ _110\"> </span>161.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Foreseeable <span class=\"_ _c\"></span>dividends <span class=\"_ _218\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _116\"> </span>22.<span class=\"_ _c\"></span>5  <span class=\"_ _16f\"> </span>5.6  <span class=\"_ _61\"> </span>30.6  <span class=\"_ _111\"> </span>(24.5 <span class=\"_ _2f\"></span>) <span class=\"_ _113\"> </span>34.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Add Back: Differenc<span class=\"_ _3\"></span>e in valuation of tec<span class=\"_ _3\"></span>hnical provisions <span class=\"_ _5b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>(62.7 <span class=\"_ _8\"></span>) <span class=\"_ _1c2\"> </span>(178.0 <span class=\"_ _8\"></span>) <span class=\"_ _1c2\"> </span>(100.9 <span class=\"_ _8\"></span>) <span class=\"_ _110\"> </span>46.8 <span class=\"_ _4\"></span> <span class=\"_ _66\"> </span>(294.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Difference <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>defer<span class=\"_ _3\"></span>red <span class=\"_ _c\"></span>tax <span class=\"_ _191\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>20.<span class=\"_ _3\"></span>0  <span class=\"_ _61\"> </span>(1<span class=\"_ _6\"></span>1.8 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>8.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Other <span class=\"_ _6\"></span>valuation <span class=\"_ _c\"></span>differences <span class=\"_ _18e\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _166\"> </span>(9.1 <span class=\"_ _2f\"></span>) <span class=\"_ _8f\"> </span>2.1  <span class=\"_ _61\"> </span>22.<span class=\"_ _c\"></span>8  <span class=\"_ _1f\"> </span>(0.2 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>15.6<span class=\"_ _36a\"> </span>IF<span class=\"_ _c\"></span>RS <span class=\"_ _6\"></span>ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>ass<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _219\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>90<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _162\"> </span>10<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.6  <span class=\"_ _50\"> </span>2<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _50\"> </span>15<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _154\"> </span>56<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span><span class=\"ls18 ws18\">er 2024 (una<span class=\"_ _3\"></span>udited)<span class=\"lsf8 ws1a2\"> <span class=\"_ _205\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _107\"> </span>O<span class=\"_ _c\"></span>ther </span></span>Region <span class=\"_ _f5\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>Group <span class=\"_ _6\"></span>and  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1b\"> </span>con<span class=\"_ _c\"></span>solidation  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Sweden<span class=\"_ _3\"></span>  <span class=\"_ _138\"> </span>Netherlands  <span class=\"_ _1f5\"> </span>adjustme<span class=\"_ _c\"></span>nts  <span class=\"_ _10a\"> </span>Group <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>So<span class=\"_ _c\"></span>lve<span class=\"_ _c\"></span>ncy <span class=\"_ _6\"></span>I<span class=\"_ _c\"></span>I <span class=\"_ _6\"></span>Own <span class=\"_ _6\"></span>Funds <span class=\"_ _6\"></span>(p<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>div<span class=\"_ _c\"></span>id<span class=\"_ _c\"></span>end<span class=\"_ _c\"></span>s) <span class=\"_ _217\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _50\"> </span>13<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>18<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _104\"> </span>22<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>07.<span class=\"_ _c\"></span>3  <span class=\"_ _18a\"> </span>64<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.7<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Ring-fenced <span class=\"_ _c\"></span>fun<span class=\"_ _c\"></span>d <span class=\"_ _c\"></span>surplus <span class=\"_ _c\"></span>restrictions <span class=\"_ _94\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _19b\"> </span>1.9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.9<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Intangible <span class=\"_ _6\"></span>assets <span class=\"_ _4a\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>20.4  <span class=\"_ _10d\"> </span>66.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>87<span class=\"_ _4\"></span>.2<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Tier <span class=\"_ _c\"></span>2 <span class=\"_ _6\"></span>debt <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>restriction <span class=\"_ _13b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>16<span class=\"_ _c\"></span>.4  <span class=\"_ _18a\"> </span>(184.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _161\"> </span>(168.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Foreseeable <span class=\"_ _c\"></span>dividends <span class=\"_ _218\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>45.0  <span class=\"_ _8a\"> </span>2.5  <span class=\"_ _8e\"> </span>6.6  <span class=\"_ _110\"> </span>(30.6 <span class=\"_ _9\"></span>) <span class=\"_ _51\"> </span>23.5<span class=\"_ _36a\"> </span>Add Back: Differenc<span class=\"_ _3\"></span>e in valuation of tec<span class=\"_ _3\"></span>hnical provisions <span class=\"_ _5b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(66.8 <span class=\"_ _9\"></span>) <span class=\"_ _162\"> </span>(162.1 <span class=\"_ _8\"></span>) <span class=\"_ _112\"> </span>(93.6 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>34.5  <span class=\"_ _107\"> </span>(288.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Difference <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>defer<span class=\"_ _3\"></span>red <span class=\"_ _c\"></span>tax <span class=\"_ _191\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>(3.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _116\"> </span>23.7  <span class=\"_ _115\"> </span>(8<span class=\"_ _c\"></span>.4 <span class=\"_ _9\"></span>) <span class=\"_ _55\"> </span>12.1<span class=\"_ _36a\"> </span>Add <span class=\"_ _c\"></span>Back: <span class=\"_ _c\"></span>Other <span class=\"_ _6\"></span>valuation <span class=\"_ _c\"></span>differences <span class=\"_ _18e\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _9e\"> </span>(1.1 <span class=\"_ _2f\"></span>) <span class=\"_ _8f\"> </span>1.2  <span class=\"_ _3d\"> </span>3.1  <span class=\"_ _8e\"> </span>0.2  <span class=\"_ _8e\"> </span>3.4<span class=\"_ _36a\"> </span>IF<span class=\"_ _c\"></span>RS <span class=\"_ _6\"></span>ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>ass<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _219\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.6  <span class=\"_ _61\"> </span>9<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>9  <span class=\"_ _112\"> </span>1<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>7.<span class=\"_ _3\"></span>7  <span class=\"_ _1fe\"> </span>(8<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _3e\"> </span>3<span class=\"_ _c\"></span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>F<span class=\"_ _4\"></span>urther information on ho<span class=\"_ _3\"></span>w the Group uses <span class=\"_ _3\"></span>Solvency II, and metrics deriv<span class=\"_ _4\"></span>ed from Solvency II, as <span class=\"_ _4\"></span>Alternative P<span class=\"_ _4\"></span>erformance Measures can be found in the additional inf<span class=\"_ _3\"></span>ormation section of the <span class=\"_ _4\"></span>Annual Report<span class=\"_ _36a\"> </span>and A<span class=\"_ _4\"></span>ccounts on pages 25<span class=\"_ _c\"></span>0 to 257<span class=\"_ _4\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-45": {
   "value": "SEC<span class=\"_ _c\"></span>TION C \u2013 SEGMENT<span class=\"_ _2f\"></span>AL INFORMA<span class=\"_ _5\"></span>TION  C1  <span class=\"_ _8\"></span>Composition of operating segments<span class=\"_ _36a\"> </span>The Group considers that it has no product <span class=\"_ _3\"></span>or distribution-based business segments. It reports<span class=\"_ _36a\"> </span>segmental information on the same basis as reported internally to the chief <span class=\"_ _3\"></span>operating decision maker<span class=\"_ _5\"></span>,<span class=\"_ _36a\"> </span>which is the Board <span class=\"_ _3\"></span>of Directors of Chesnara plc.<span class=\"_ _36a\"> </span>The segments <span class=\"_ _3\"></span>of the Group as at 3<span class=\"_ _4\"></span>1 December 2025 comprise:<span class=\"_ _36a\"> </span>UK:<span class=\"ff36 ws1\"> <span class=\"_ _2f\"></span>This segment comprises the UK\u2019<span class=\"_ _5\"></span>s life insurance and pensions business, Countrywide <span class=\"_ _4\"></span>Assured<span class=\"_ _36a\"> </span></span>plc (CA), the Group\u2019<span class=\"_ _5\"></span>s principal UK operating subsidiary<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>The segment has gro<span class=\"_ _3\"></span>wn through acquisitions and includes the unit-linked bond and pension business<span class=\"_ _36a\"> </span>of Canada Lif<span class=\"_ _3\"></span>e Limited which was acquired in 2024. <span class=\"_ _2f\"></span>The P<span class=\"_ _4\"></span>art <span class=\"_ _4\"></span>VII transfer <span class=\"_ _3\"></span>of the onshore individual<span class=\"_ _36a\"> </span>protection business completed in F<span class=\"_ _3\"></span>ebruary 2025. <span class=\"_ _2f\"></span>The majority of the assets and liabilities <span class=\"_ _4\"></span>of CASLP<span class=\"_ _36a\"> </span>were transf<span class=\"_ _4\"></span>erred to CA in 2023 under a Part <span class=\"_ _5\"></span>VII business transfer<span class=\"_ _5\"></span>. CASLP w<span class=\"_ _3\"></span>as dissolved <span class=\"_ _3\"></span>on 1<span class=\"_ _4\"></span>4 January 2025.<span class=\"_ _36a\"> </span>Sw<span class=\"_ _3\"></span>eden:<span class=\"ff36 ws1\"> <span class=\"_ _2f\"></span>This segment comprises the Group\u2019<span class=\"_ _5\"></span>s S<span class=\"_ _4\"></span>wedish lif<span class=\"_ _3\"></span>e and pensions business, Mov<span class=\"_ _3\"></span>estic<span class=\"_ _36a\"> </span></span>Livf\u00f6rs\u00e4kring <span class=\"_ _4\"></span>AB (Movestic) and its subsidiary company Mo<span class=\"_ _4\"></span>vestic F<span class=\"_ _3\"></span>onder AB (in<span class=\"_ _4\"></span>vestment fund<span class=\"_ _36a\"> </span>management company). Mo<span class=\"_ _3\"></span>vestic is <span class=\"_ _3\"></span>open to new business and primarily comprises unit-link<span class=\"_ _4\"></span>ed<span class=\"_ _36a\"> </span>pension business and also providing some lif<span class=\"_ _4\"></span>e and health product off<span class=\"_ _3\"></span>erings.<span class=\"_ _36a\"> </span>Nether<span class=\"_ _3\"></span>lands:<span class=\"ff36\"> <span class=\"_ _2f\"></span>This is comprised of the f<span class=\"_ _3\"></span>ormerly separate businesses, <span class=\"_ _2f\"></span>Waard and <span class=\"_ _4\"></span>Scildon, which<span class=\"_ _36a\"> </span></span>merged in July 2025 and no<span class=\"_ _3\"></span>w trade under the brand name <span class=\"_ _3\"></span>Scildon.<span class=\"_ _36a\"> </span>This combined segment comprises the Group\u2019<span class=\"_ _2f\"></span>s Dutch life insurance business, with a portfolio <span class=\"_ _4\"></span>of<span class=\"_ _36a\"> </span>long-term savings, protection business and some non-lif<span class=\"_ _4\"></span>e business. It is open to new business and<span class=\"_ _36a\"> </span>sells protection, individual savings and group pension contracts via a brok<span class=\"_ _3\"></span>er<span class=\"_ _5\"></span>-led distribution model.<span class=\"_ _36a\"> </span>As the <span class=\"_ _3\"></span>operating segments hav<span class=\"_ _3\"></span>e been revised f<span class=\"_ _3\"></span>ollowing the integration <span class=\"_ _3\"></span>of our Dutch businesses, the<span class=\"_ _36a\"> </span>prior <span class=\"_ _4\"></span>year comparativ<span class=\"_ _3\"></span>es hav<span class=\"_ _4\"></span>e been restated to maintain comparability<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>Other Group activities:<span class=\"ff36\"> <span class=\"_ _2f\"></span>The functions perf<span class=\"_ _3\"></span>ormed by the P<span class=\"_ _4\"></span>arent Company<span class=\"_ _4\"></span>, Chesnara plc, are<span class=\"_ _36a\"> </span></span>defined under the operating segment analy<span class=\"_ _3\"></span>sis as \u2018<span class=\"_ _4\"></span>other Group activities<span class=\"_ _3\"></span>\u2019<span class=\"_ _2f\"></span>. Also included therein are<span class=\"_ _36a\"> </span>consolidation and elimination adjustments.<span class=\"_ _36a\"> </span>The accounting policies <span class=\"_ _3\"></span>of the segments are the same as those for the Group as a whole. Any transactions betw<span class=\"_ _3\"></span>een the business segments are on normal commercial terms in normal<span class=\"_ _36a\"> </span>market conditions. <span class=\"_ _2f\"></span>The Group <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>aluates the performance <span class=\"_ _3\"></span>of operating segments <span class=\"_ _3\"></span>on the basis of the profit before tax attributable to shareholders <span class=\"_ _3\"></span>of the reporting segments and the Group as a whole. <span class=\"_ _2f\"></span>There were no changes to the measurement basis f<span class=\"_ _3\"></span>or segment profit during the year <span class=\"_ _3\"></span>ended 3<span class=\"_ _4\"></span>1 December 2025.  C2  <span class=\"_ _8\"></span>Segmental perfor<span class=\"_ _4\"></span>mance and net assets  (a) <span class=\"_ _6\"></span>Segmental Income Stat<span class=\"_ _3\"></span>ement for the y<span class=\"_ _3\"></span>ear ended 3<span class=\"_ _4\"></span>1 December 2025 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _eb\"> </span>Other <span class=\"_ _c\"></span>Group  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swe<span class=\"_ _c\"></span>den  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  <span class=\"_ _ea\"> </span>a<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>vit<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>s  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>revenue <span class=\"_ _1be\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _51\"> </span>78.8  <span class=\"_ _115\"> </span>1<span class=\"_ _c\"></span>0.7  <span class=\"_ _f8\"> </span>137<span class=\"_ _4\"></span>.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _126\"> </span>227.<span class=\"_ _3\"></span>0<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _7\"> </span>service <span class=\"_ _7\"> </span>expense <span class=\"_ _ba\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _17f\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _116\"> </span>(81. 2 ) <span class=\"_ _115\"> </span>(4.8 ) <span class=\"_ _111\"> </span>(122.1 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _7\"> </span> <span class=\"_ _162\"> </span>(208 .1 )<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>held <span class=\"_ _122\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>5.3  <span class=\"_ _1c1\"> </span>(1.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>(1.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.0<span class=\"_ _36a\"> </span>Se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nta<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>insu<span class=\"_ _c\"></span>ranc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>sul<span class=\"_ _c\"></span>t <span class=\"_ _1bc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.9  <span class=\"_ _16b\"> </span>4<span class=\"_ _6\"></span>.6  <span class=\"_ _57\"> </span>14<span class=\"_ _6\"></span>.4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _61\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>return <span class=\"_ _1c0\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10e\"> </span>421.0  <span class=\"_ _57\"> </span>1<span class=\"_ _c\"></span>29.1  <span class=\"_ _112\"> </span>1<span class=\"_ _c\"></span>05.8  <span class=\"_ _ed\"> </span>(6.7 <span class=\"_ _2f\"></span>) <span class=\"_ _154\"> </span>649.2<span class=\"_ _36a\"> </span>Net finance (expenses)/income f<span class=\"_ _c\"></span>rom insurance contracts issued <span class=\"_ _85\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>(1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9.3 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(6.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>) <span class=\"_ _111\"> </span>(80.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _161\"> </span>(205.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>held <span class=\"_ _87\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>1<span class=\"_ _c\"></span>2.5  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _19b\"> </span>1.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>14<span class=\"_ _c\"></span>.2<span class=\"_ _36a\"> </span>Net change in investment c<span class=\"_ _3\"></span>ontract liabilities <span class=\"_ _174\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _66\"> </span>(284.9 <span class=\"_ _9\"></span>) <span class=\"_ _104\"> </span>(59.4 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(0.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _161\"> </span>(345.2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Change in liabilities relating to polic<span class=\"_ _3\"></span>yholders\u2019 funds held by the Group <span class=\"_ _146\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1fe\"> </span>(62.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10e\"> </span>(62.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nta<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>inves<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _21a\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _113\"> </span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>3  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10f\"> </span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _65\"> </span>(6<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _111\"> </span>5<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Fee, <span class=\"_ _c\"></span>commission <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>operating <span class=\"_ _c\"></span>income <span class=\"_ _105\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _57\"> </span>40.<span class=\"_ _3\"></span>4  <span class=\"_ _116\"> </span>73.7  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _5c\"> </span>0.0  <span class=\"_ _f8\"> </span>1<span class=\"_ _c\"></span>14<span class=\"_ _c\"></span>.2<span class=\"_ _36a\"> </span>Se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nta<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e, <span class=\"_ _6\"></span>net <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>inve<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>resul<span class=\"_ _c\"></span>t <span class=\"_ _94\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>7<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _113\"> </span>79<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _110\"> </span>4<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _65\"> </span>(6<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _18a\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Other <span class=\"_ _7\"> </span>operating <span class=\"_ _7\"> </span>expenses <span class=\"_ _21b\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _57\"> </span>(35. 9 ) <span class=\"_ _111\"> </span>(64.7 ) <span class=\"_ _16b\"> </span>(7<span class=\"_ _3\"></span>.9 ) <span class=\"_ _10f\"> </span>(33.9 ) <span class=\"_ _154\"> </span>( 142.4 )<span class=\"_ _36a\"> </span>Financing <span class=\"_ _21c\"> </span>costs <span class=\"_ _21d\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _16f\"> </span>(0.1 ) <span class=\"_ _1f\"> </span>(0.3 ) <span class=\"_ _164\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _115\"> </span>(1<span class=\"_ _6\"></span>1.0 ) <span class=\"_ _51\"> </span>(1<span class=\"_ _6\"></span>1. 4 )<span class=\"_ _36a\"> </span>Pro<span class=\"_ _c\"></span>fit<span class=\"_ _c\"></span>/(lo<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s) <span class=\"_ _6\"></span>bef<span class=\"_ _c\"></span>ore <span class=\"_ _6\"></span>tax <span class=\"_ _6\"></span>an<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>cons<span class=\"_ _c\"></span>oli<span class=\"_ _c\"></span>dat<span class=\"_ _c\"></span>ion <span class=\"_ _6\"></span>adj<span class=\"_ _c\"></span>us<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent<span class=\"_ _c\"></span>s <span class=\"_ _9f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>3<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.6  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _113\"> </span>3<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _110\"> </span>(51<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _2f\"></span>) <span class=\"_ _111\"> </span>3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _36a\"> </span>Other operating expenses:<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>impairment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>intangible <span class=\"_ _6\"></span>assets <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>(3.5 <span class=\"_ _2f\"></span>) <span class=\"_ _10f\"> </span>(10.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _51\"> </span>(13.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nta<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _6\"></span>les<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>es <span class=\"_ _21e\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>33<span class=\"_ _c\"></span>.1  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _f8\"> </span>3<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>51<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _9\"></span>) <span class=\"_ _f8\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>(L<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s)/pro<span class=\"_ _c\"></span>fit <span class=\"_ _6\"></span>be<span class=\"_ _c\"></span>fo<span class=\"_ _c\"></span>re <span class=\"_ _6\"></span>tax <span class=\"_ _192\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _65\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _16b\"> </span>4<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _113\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _110\"> </span>(5<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Income <span class=\"_ _7\"> </span>tax <span class=\"_ _7\"> </span>credit/(charge) <span class=\"_ _b0\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _f8\"> </span>(24.0 ) <span class=\"_ _1f\"> </span>(0.2 ) <span class=\"_ _16b\"> </span>(5.7 ) <span class=\"_ _8e\"> </span>0.7 <span class=\"_ _6\"> </span> <span class=\"_ _57\"> </span>(29. 2 )<span class=\"_ _36a\"> </span>(L<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s)/pro<span class=\"_ _c\"></span>fit <span class=\"_ _6\"></span>af<span class=\"_ _c\"></span>te<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>tax <span class=\"_ _196\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8a\"> </span>9<span class=\"_ _c\"></span>.1  <span class=\"_ _16f\"> </span>4<span class=\"_ _c\"></span>.1  <span class=\"_ _10d\"> </span>27.<span class=\"_ _c\"></span>3  <span class=\"_ _104\"> </span>(50<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Segmental Statement of Financial P<span class=\"_ _4\"></span>osition as at 31 December 2025 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _eb\"> </span>Other <span class=\"_ _c\"></span>Group  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swe<span class=\"_ _c\"></span>den  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  <span class=\"_ _ea\"> </span>a<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>vit<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>s  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>assets <span class=\"_ _7b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _18c\"> </span>4<span class=\"_ _c\"></span>,673.4  <span class=\"_ _10a\"> </span>6<span class=\"_ _c\"></span>,791.4  <span class=\"_ _52\"> </span>2,737<span class=\"_ _4\"></span>.0  <span class=\"_ _126\"> </span>37<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.2  <span class=\"_ _85\"> </span>14<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>576.0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _7\"> </span>liabilities <span class=\"_ _bf\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _17b\"> </span>(4, 582. 5 ) <span class=\"_ _c4\"> </span>(6,687<span class=\"_ _3\"></span>.8 ) <span class=\"_ _17b\"> </span>(2,526.6 ) <span class=\"_ _50\"> </span>(215. 8 ) <span class=\"_ _11a\"> </span>(14 ,012.7 )<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>ass<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _1d6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10f\"> </span>9<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _162\"> </span>10<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.6  <span class=\"_ _19e\"> </span>2<span class=\"_ _6\"></span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _50\"> </span>15<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _154\"> </span>56<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Segmental Income Statement f<span class=\"_ _3\"></span>or the year ended 3<span class=\"_ _4\"></span>1 December 2024 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span><span class=\"ws1\"> <span class=\"_ _4\"></span><span class=\"ws76\"> <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _138\"> </span><span class=\"lsf8 ws103\">Netherlands<span class=\"ws1a2\">  <span class=\"_ _eb\"> </span>Other <span class=\"_ _c\"></span>Group </span></span></span></span> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span><span class=\"ls18 ws18\">Sweden<span class=\"ls6a ws190\">  <span class=\"_ _ea\"> </span>(restated <span class=\"_ _9\"></span>) <span class=\"_ _1fa\"> </span>ac<span class=\"_ _c\"></span>tivities  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal</span></span> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>revenue <span class=\"_ _1be\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>71.3  <span class=\"_ _1f\"> </span>10.2  <span class=\"_ _112\"> </span>180.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _111\"> </span>26<span class=\"_ _c\"></span>1.9<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _21c\"> </span>ser vice <span class=\"_ _21c\"> </span>expense <span class=\"_ _21f\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _10f\"> </span>(64 .9 ) <span class=\"_ _16b\"> </span>(2.6 ) <span class=\"_ _50\"> </span>(176.6 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _104\"> </span>(244.1 )<span class=\"_ _36a\"> </span>Net expenses f<span class=\"_ _c\"></span>rom reinsurance contracts held <span class=\"_ _173\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(0.9 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(1.8 <span class=\"_ _9\"></span>) <span class=\"_ _116\"> </span>(6.5 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(9.2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nta<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>insu<span class=\"_ _c\"></span>ranc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>sul<span class=\"_ _c\"></span>t <span class=\"_ _1bc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _65\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _55\"> </span>8<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>return <span class=\"_ _1c0\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>380.7  <span class=\"_ _162\"> </span>666.6  <span class=\"_ _112\"> </span>229.5  <span class=\"_ _16f\"> </span>9.3  <span class=\"_ _161\"> </span>1,286<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Net finance (expenses)/income f<span class=\"_ _c\"></span>rom insurance contracts issued <span class=\"_ _85\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _112\"> </span>(98.4 <span class=\"_ _9\"></span>) <span class=\"_ _112\"> </span>(23.6 <span class=\"_ _8\"></span>) <span class=\"_ _3e\"> </span>(2<span class=\"_ _c\"></span>12.8 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1c2\"> </span>(334.8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>held <span class=\"_ _87\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _a5\"> </span>3.1  <span class=\"_ _1c1\"> </span>0.3  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.6<span class=\"_ _36a\"> </span>Net change in investment c<span class=\"_ _3\"></span>ontract liabilities <span class=\"_ _174\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _66\"> </span>(260.0 <span class=\"_ _8\"></span>) <span class=\"_ _107\"> </span>(4<span class=\"_ _4\"></span>79.6 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(0.8 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _66\"> </span>(7<span class=\"_ _3\"></span>40.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Change in liabilities relating to polic<span class=\"_ _3\"></span>yholders\u2019 funds held by the Group <span class=\"_ _146\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _3e\"> </span>(<span class=\"_ _c\"></span>160.8 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _154\"> </span>(160.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nta<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>inves<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _21a\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.9  <span class=\"_ _ed\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _57\"> </span>5<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _3\"></span>7<span class=\"_ _36a\"> </span>Fee, <span class=\"_ _c\"></span>commission <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>operating <span class=\"_ _c\"></span>income <span class=\"_ _105\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _116\"> </span>37<span class=\"_ _4\"></span>.4  <span class=\"_ _116\"> </span>65.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _96\"> </span>1.0  <span class=\"_ _112\"> </span>104<span class=\"_ _c\"></span>.2<span class=\"_ _36a\"> </span>Se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nta<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e, <span class=\"_ _6\"></span>net <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>inve<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>resul<span class=\"_ _c\"></span>t <span class=\"_ _94\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _f8\"> </span>74.<span class=\"_ _6\"></span>2  <span class=\"_ _116\"> </span>12<span class=\"_ _6\"></span>.7  <span class=\"_ _51\"> </span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _104\"> </span>16<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Other <span class=\"_ _7\"> </span>operating <span class=\"_ _7\"> </span>expenses <span class=\"_ _21b\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _10d\"> </span>(39.7 ) <span class=\"_ _10e\"> </span>(54 .9 ) <span class=\"_ _16b\"> </span>(7<span class=\"_ _3\"></span>.6 ) <span class=\"_ _110\"> </span>(22.0 ) <span class=\"_ _19e\"> </span>( 124.2 )<span class=\"_ _36a\"> </span>Financing <span class=\"_ _21c\"> </span>costs <span class=\"_ _21d\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _170\"> </span>(0.2 ) <span class=\"_ _115\"> </span>(0.4 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _116\"> </span>( 10.5 ) <span class=\"_ _1f\"> </span>(1<span class=\"_ _6\"></span>1 .1 )<span class=\"_ _36a\"> </span>Pro<span class=\"_ _c\"></span>fit<span class=\"_ _c\"></span>/(lo<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s) <span class=\"_ _6\"></span>bef<span class=\"_ _c\"></span>ore <span class=\"_ _6\"></span>tax <span class=\"_ _6\"></span>an<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>cons<span class=\"_ _c\"></span>oli<span class=\"_ _c\"></span>dat<span class=\"_ _c\"></span>ion <span class=\"_ _6\"></span>adj<span class=\"_ _c\"></span>us<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent<span class=\"_ _c\"></span>s <span class=\"_ _9f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _51\"> </span>18<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _9e\"> </span>5<span class=\"_ _c\"></span>.1  <span class=\"_ _126\"> </span>(<span class=\"_ _c\"></span>22<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _10e\"> </span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Other operating expenses:<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>impairment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>intangible <span class=\"_ _6\"></span>assets <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(9.3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(9.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Se<span class=\"_ _c\"></span>gme<span class=\"_ _c\"></span>nta<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _6\"></span>les<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>es <span class=\"_ _21e\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>6  <span class=\"_ _8f\"> </span>5<span class=\"_ _c\"></span>.1  <span class=\"_ _126\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _1fe\"> </span>2<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>(L<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s)/pro<span class=\"_ _c\"></span>fit <span class=\"_ _6\"></span>be<span class=\"_ _c\"></span>fo<span class=\"_ _c\"></span>re <span class=\"_ _6\"></span>tax <span class=\"_ _192\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f8\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>6  <span class=\"_ _8f\"> </span>5<span class=\"_ _c\"></span>.1  <span class=\"_ _112\"> </span>(22<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _10e\"> </span>20<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Income <span class=\"_ _7\"> </span>tax <span class=\"_ _7\"> </span>credit/(charge) <span class=\"_ _b0\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _65\"> </span>(17<span class=\"_ _4\"></span>.0 ) <span class=\"_ _ed\"> </span>(0.5 ) <span class=\"_ _166\"> </span>(1.2 ) <span class=\"_ _19b\"> </span>1.8 <span class=\"_ _1c\"> </span> <span class=\"_ _116\"> </span>(16.9 )<span class=\"_ _36a\"> </span>(L<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s)/pro<span class=\"_ _c\"></span>fit <span class=\"_ _6\"></span>af<span class=\"_ _c\"></span>te<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>tax <span class=\"_ _196\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>3  <span class=\"_ _8f\"> </span>9.1  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _162\"> </span>(20<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _ed\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Segmental Statement of Financial P<span class=\"_ _4\"></span>osition as at 31 December 2024 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _138\"> </span>Netherlands  <span class=\"_ _139\"> </span>O<span class=\"_ _c\"></span>ther <span class=\"_ _6\"></span>Group  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swe<span class=\"_ _c\"></span>den  <span class=\"_ _e7\"> </span>(re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d <span class=\"_ _2f\"></span>) <span class=\"_ _3f\"> </span>a<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>vit<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>s  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>assets <span class=\"_ _7b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _18c\"> </span>4<span class=\"_ _c\"></span>,4<span class=\"_ _4\"></span>73.8  <span class=\"_ _52\"> </span>5,<span class=\"_ _c\"></span>269.7  <span class=\"_ _100\"> </span>2,887.6 <span class=\"_ _3\"></span> <span class=\"_ _1fe\"> </span>124.0  <span class=\"_ _11e\"> </span>12<span class=\"_ _c\"></span>,75<span class=\"_ _3\"></span>5.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _7\"> </span>liabilities <span class=\"_ _bf\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _114\"> </span>(4,347<span class=\"_ _4\"></span>.2 ) <span class=\"_ _100\"> </span>(5,177.8 ) <span class=\"_ _c4\"> </span>(2,709.9 ) <span class=\"_ _1c2\"> </span>(205.8 ) <span class=\"_ _128\"> </span>(12,440.7 )<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>ass<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _1d6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _104\"> </span>126<span class=\"_ _6\"></span>.6  <span class=\"_ _61\"> </span>91<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _112\"> </span>17<span class=\"_ _c\"></span>7.7  <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>81<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _161\"> </span>3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.4",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-46": {
   "value": " <span class=\"_ _7\"> </span>D1 <span class=\"_ _6\"></span>Insurance r<span class=\"_ _3\"></span>esult<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear ended 31 December 2025<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span>Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>72<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4.<span class=\"_ _c\"></span>3  <span class=\"_ _10d\"> </span>187<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>2.2  <span class=\"_ _8f\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>2<span class=\"_ _c\"></span>.8 <span class=\"_ _3\"></span> <span class=\"_ _19b\"> </span>5.1<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>4.1  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _166\"> </span>1<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _1f\"> </span>2<span class=\"_ _c\"></span>1.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.3  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>78<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _ed\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>13<span class=\"_ _c\"></span>7.5 <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>21<span class=\"_ _c\"></span>7.2<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5  <span class=\"_ _19e\"> </span>2<span class=\"_ _c\"></span>27.0<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(7<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>(9.5 <span class=\"_ _8\"></span>) <span class=\"_ _126\"> </span>(78.7 <span class=\"_ _8\"></span>) <span class=\"_ _18a\"> </span>(162.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Changes that relate t<span class=\"_ _4\"></span>o past ser<span class=\"_ _c\"></span>vice \u2013 changes in the FCF relating t<span class=\"_ _3\"></span>o the LIC <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _170\"> </span>4<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>4.7<span class=\"_ _36a\"> </span>Losses on onerous contr<span class=\"_ _3\"></span>acts and reversals of those losses <span class=\"_ _164\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>(7<span class=\"_ _4\"></span>.1 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _f8\"> </span>(40.1 <span class=\"_ _8\"></span>) <span class=\"_ _1fe\"> </span>(4<span class=\"_ _4\"></span>7.2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>amortisation <span class=\"_ _105\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(3.3 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>(3.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o t al <span class=\"_ _31\"> </span>i ns ur an ce <span class=\"_ _31\"> </span>s e r<span class=\"_ _c\"></span>v ic e <span class=\"_ _31\"> </span>exp e ns e s <span class=\"_ _1b6\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _113\"> </span>( 8 1 .<span class=\"_ _6\"></span>2 ) <span class=\"_ _51\"> </span>(4.<span class=\"_ _c\"></span>8 ) <span class=\"_ _50\"> </span>( 1 2 2<span class=\"_ _6\"></span>.1 ) <span class=\"_ _66\"> </span>(2 0<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.1 )<span class=\"_ _36a\"> </span>Net income/(e<span class=\"_ _3\"></span>xpense<span class=\"_ _c\"></span>s) from reinsurance contract<span class=\"_ _c\"></span>s held<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s no<span class=\"_ _c\"></span>t mea<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>red u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r the PA<span class=\"_ _c\"></span>A<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the remaining<span class=\"_ _3\"></span> coverage:<span class=\"_ _36a\"> </span>Expected amount r<span class=\"_ _3\"></span>ecov<span class=\"_ _3\"></span>erable for claims and other insurance service e<span class=\"_ _3\"></span>xpenses <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>(26<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(24.9 <span class=\"_ _9\"></span>) <span class=\"_ _110\"> </span>(5<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(0.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(1.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>received <span class=\"_ _1b1\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>0.2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(3.0 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(2.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s no<span class=\"_ _c\"></span>t mea<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>red u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r the PA<span class=\"_ _c\"></span>A <span class=\"_ _aa\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>27.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _50\"> </span>(2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(56<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s me<span class=\"_ _c\"></span>asu<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er th<span class=\"_ _c\"></span>e PA<span class=\"_ _c\"></span>A <span class=\"_ _38\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Amounts recov<span class=\"_ _4\"></span>erable for incurred claims and other incurred insuranc<span class=\"_ _3\"></span>e service expenses <span class=\"_ _4e\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _57\"> </span>30.<span class=\"_ _c\"></span>5 <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>2.1 <span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>28.0 <span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>60.6<span class=\"_ _36a\"> </span>Changes in amounts recov<span class=\"_ _3\"></span>erable that relat<span class=\"_ _3\"></span>e to past service \u2013 adjustments t<span class=\"_ _3\"></span>o incurred claims <span class=\"_ _7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.5 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>(1.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of loss on recognition of oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _119\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _96\"> </span>1.2  <span class=\"_ _9e\"> </span>1.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of losses on onerous underlying contr<span class=\"_ _3\"></span>acts and reversals of suc<span class=\"_ _3\"></span>h losses <span class=\"_ _161\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>2.1 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.<span class=\"_ _3\"></span>7 <span class=\"_ _8\"></span>) <span class=\"_ _8e\"> </span>1.4<span class=\"_ _36a\"> </span>Effect of changes in the risk of reinsur<span class=\"_ _3\"></span>ers\u2019 non-performance <span class=\"_ _55\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _65\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(0.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal n<span class=\"_ _c\"></span>et ex<span class=\"_ _c\"></span>pe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>es fr<span class=\"_ _c\"></span>om re<span class=\"_ _c\"></span>ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s he<span class=\"_ _c\"></span>ld <span class=\"_ _184\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _61\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>) <span class=\"_ _115\"> </span>3.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>sul<span class=\"_ _c\"></span>t <span class=\"_ _220\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.6  <span class=\"_ _16b\"> </span>4.<span class=\"_ _c\"></span>4  <span class=\"_ _116\"> </span>21<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _179\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _e7\"> </span>(re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span>Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>65.6  <span class=\"_ _1c1\"> </span>0.3  <span class=\"_ _110\"> </span>155.8  <span class=\"_ _10f\"> </span>221.7<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _9e\"> </span>1.8 <span class=\"_ _3\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>3.0 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>4.9<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>3.9  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _65\"> </span>18.0  <span class=\"_ _61\"> </span>22.4<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>3.6  <span class=\"_ _16f\"> </span>3.6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>71<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _154\"> </span>18<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>26<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(60.5 <span class=\"_ _9\"></span>) <span class=\"_ _51\"> </span>(8<span class=\"_ _c\"></span>.9 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(13<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>.4 <span class=\"_ _8\"></span>) <span class=\"_ _10a\"> </span>(206.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate t<span class=\"_ _4\"></span>o past ser<span class=\"_ _c\"></span>vice \u2013 changes in the FCF relating t<span class=\"_ _3\"></span>o the LIC <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _166\"> </span>6.<span class=\"_ _c\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>6.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Losses on onerous contr<span class=\"_ _3\"></span>acts and reversals of those losses <span class=\"_ _164\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(4.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(35.6 <span class=\"_ _8\"></span>) <span class=\"_ _50\"> </span>(40.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>amortisation <span class=\"_ _105\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(3.6 <span class=\"_ _9\"></span>) <span class=\"_ _115\"> </span>(3.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o t al <span class=\"_ _31\"> </span>i ns ur an ce <span class=\"_ _31\"> </span>s e r<span class=\"_ _c\"></span>v ic e <span class=\"_ _31\"> </span>exp e ns e s <span class=\"_ _1b6\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _112\"> </span>(6 4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 ) <span class=\"_ _116\"> </span>( 2<span class=\"_ _6\"></span>.6 ) <span class=\"_ _1c2\"> </span>( 1 76<span class=\"_ _c\"></span>. 6 ) <span class=\"_ _66\"> </span>(24<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.1 )<span class=\"_ _36a\"> </span>Net income/(e<span class=\"_ _3\"></span>xpense<span class=\"_ _c\"></span>s) from reinsurance contract<span class=\"_ _c\"></span>s held<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s no<span class=\"_ _c\"></span>t mea<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>red u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r the PA<span class=\"_ _c\"></span>A<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the remaining<span class=\"_ _3\"></span> coverage:<span class=\"_ _36a\"> </span>Expected amount r<span class=\"_ _3\"></span>ecov<span class=\"_ _3\"></span>erable for claims and other insurance service e<span class=\"_ _3\"></span>xpenses <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>(22.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _10e\"> </span>(23.0 <span class=\"_ _8\"></span>) <span class=\"_ _126\"> </span>(45.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>received <span class=\"_ _1b1\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>(0.4 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _1c1\"> </span>(3.1 <span class=\"_ _2f\"></span>) <span class=\"_ _115\"> </span>(3.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s no<span class=\"_ _c\"></span>t mea<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>red u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r the PA<span class=\"_ _c\"></span>A <span class=\"_ _aa\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _162\"> </span>(2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(2<span class=\"_ _c\"></span>7.1 <span class=\"_ _0\"></span>) <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>51<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s me<span class=\"_ _c\"></span>asu<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er th<span class=\"_ _c\"></span>e PA<span class=\"_ _c\"></span>A <span class=\"_ _38\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Amounts recov<span class=\"_ _4\"></span>erable for incurred claims and other incurred insuranc<span class=\"_ _3\"></span>e service expenses <span class=\"_ _4e\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>23.0 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>2.0 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>21.4 <span class=\"_ _3\"></span> <span class=\"_ _113\"> </span>46.4<span class=\"_ _36a\"> </span>Changes in amounts recov<span class=\"_ _3\"></span>erable that relat<span class=\"_ _3\"></span>e to past service \u2013 adjustments t<span class=\"_ _3\"></span>o incurred claims <span class=\"_ _7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.5 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(2<span class=\"_ _c\"></span>.5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of loss on recognition of oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _119\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.5 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.5<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of losses on onerous underlying contr<span class=\"_ _3\"></span>acts and reversals of suc<span class=\"_ _3\"></span>h losses <span class=\"_ _161\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _170\"> </span>(1.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _16b\"> </span>(1.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal n<span class=\"_ _c\"></span>et ex<span class=\"_ _c\"></span>pe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>es fr<span class=\"_ _c\"></span>om re<span class=\"_ _c\"></span>ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s he<span class=\"_ _c\"></span>ld <span class=\"_ _184\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _57\"> </span>(9.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>sul<span class=\"_ _c\"></span>t <span class=\"_ _220\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>5<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8  <span class=\"_ _116\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _3\"></span>7 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span>189<span class=\"_ _36a\"> </span>IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span>SEC<span class=\"_ _c\"></span>TION D \u2013 PERF<span class=\"_ _3\"></span>ORMANCE IN THE YE<span class=\"_ _c\"></span>AR <span class=\"_ _7\"> </span>D2 <span class=\"_ _6\"></span>Investment r<span class=\"_ _4\"></span>esult<span class=\"_ _36a\"> </span>In the tables that follo<span class=\"_ _3\"></span>w the inv<span class=\"_ _3\"></span>estment return on surplus shareholder assets is included in the insurance contracts column.<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _1d2\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _29\"> </span>I<span class=\"_ _c\"></span>nves<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _66\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r  Ne<span class=\"_ _c\"></span>t Inve<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t retu<span class=\"_ _c\"></span>rn <span class=\"_ _221\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _180\"> </span>c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span>Grou<span class=\"_ _c\"></span>p <span class=\"_ _4\"></span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>U<span class=\"_ _c\"></span>K  <span class=\"_ _3a\"> </span>Swede<span class=\"_ _c\"></span>n  <span class=\"_ _138\"> </span>Neth<span class=\"_ _c\"></span>erl<span class=\"_ _c\"></span>and<span class=\"_ _c\"></span>s  <span class=\"_ _16\"> </span>(w<span class=\"_ _c\"></span>ith<span class=\"_ _c\"></span>ou<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>DPFs <span class=\"_ _2f\"></span>) <span class=\"_ _1fa\"> </span>ac<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>tie<span class=\"_ _c\"></span>s  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Interest r<span class=\"_ _3\"></span>evenue f<span class=\"_ _c\"></span>rom financial assets not measured at FVTP<span class=\"_ _3\"></span>L <span class=\"_ _154\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _5c\"> </span>0.2<span class=\"_ _36a\"> </span>Net gains on financial investments mandat<span class=\"_ _3\"></span>orily measured as FVTP<span class=\"_ _3\"></span>L <span class=\"_ _ef\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f8\"> </span>1<span class=\"_ _6\"></span>12.6 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>6<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>83.4 <span class=\"_ _4\"></span> <span class=\"_ _19e\"> </span>344<span class=\"_ _c\"></span>.3  <span class=\"_ _57\"> </span>(13.2 <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>533.8<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>gains <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>investments <span class=\"_ _c\"></span>designated <span class=\"_ _c\"></span>as <span class=\"_ _6\"></span>FVTP<span class=\"_ _3\"></span>L <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _170\"> </span>14<span class=\"_ _c\"></span>.1  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _116\"> </span>22.3  <span class=\"_ _51\"> </span>62<span class=\"_ _c\"></span>.4  <span class=\"_ _166\"> </span>6.4  <span class=\"_ _10e\"> </span>105.8<span class=\"_ _36a\"> </span>Net gains f<span class=\"_ _6\"></span>rom f<span class=\"_ _3\"></span>air value adjustments to in<span class=\"_ _3\"></span>vestment properties <span class=\"_ _114\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>9.4 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>9.4<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>inves<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>ret<span class=\"_ _c\"></span>urn <span class=\"_ _222\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>13<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1  <span class=\"_ _166\"> </span>7.<span class=\"_ _c\"></span>3  <span class=\"_ _162\"> </span>105<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _161\"> </span>4<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7  <span class=\"_ _61\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _107\"> </span>6<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span>Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(9<span class=\"_ _c\"></span>3.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _104\"> </span>(80.7 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10e\"> </span>179.6<span class=\"_ _36a\"> </span>Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _116\"> </span>( 15.9 ) <span class=\"_ _ed\"> </span>(0.7 ) <span class=\"_ _110\"> </span>(32.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _10f\"> </span>(49.4 )<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _116\"> </span>(8<span class=\"_ _c\"></span>.8 <span class=\"_ _8\"></span>) <span class=\"_ _55\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>34.9  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10d\"> </span>26.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>1.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(1<span class=\"_ _c\"></span>.3 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.9<span class=\"_ _c\"></span> <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>19<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _154\"> </span>(79.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span>(2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span>Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>14<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _1f\"> </span>(0.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>14.2<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _5c\"> </span>0.2  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _8e\"> </span>1.6 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>1.7<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _162\"> </span>(2<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>)<span class=\"_ _c\"></span> <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _170\"> </span>0.4 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rei<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>uran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _16b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _8e\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Ne t <span class=\"_ _31\"> </span>in s ura n ce <span class=\"_ _31\"> </span>fi na nc e <span class=\"_ _31\"> </span>exp e ns e s <span class=\"_ _223\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _161\"> </span>(<span class=\"_ _c\"></span>1 0<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 ) <span class=\"_ _16b\"> </span>(6<span class=\"_ _c\"></span>.1 ) <span class=\"_ _104\"> </span>(7 8 .<span class=\"_ _6\"></span>5 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _50\"> </span>( 1 9 1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 )<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>gains/losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>investment contract <span class=\"_ _6\"></span>liabilities <span class=\"_ _1a9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _18a\"> </span>(345.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _18a\"> </span>(345.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net gains/losses on liabilities relating to polic<span class=\"_ _3\"></span>yholder funds held by the Group <span class=\"_ _9e\"> </span>  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(62<span class=\"_ _c\"></span>.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(62<span class=\"_ _c\"></span>.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>inves<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1dd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _113\"> </span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>3  <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _113\"> </span>27.4  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _9\"></span>) <span class=\"_ _111\"> </span>5<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Net fair v<span class=\"_ _3\"></span>alue gains and losses in respect of holdings in collectiv<span class=\"_ _3\"></span>e inv<span class=\"_ _4\"></span>estment schemes are included in the l<span class=\"_ _c\"></span>ine that is most appropriate taking into account the nature of the underlying in<span class=\"_ _4\"></span>vestments.<span class=\"_ _36a\"> </span>190<span class=\"_ _f\"> </span><span class=\"ff37 lse ws1\">CHESN<span class=\"_ _c\"></span>AR<span class=\"_ _6\"></span>A ANNUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></span>Y<span class=\"_ _3\"></span>ear e<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>d 31 D<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>cem<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r 20<span class=\"_ _c\"></span>24 <span class=\"_ _224\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _9f\"> </span>I<span class=\"_ _c\"></span>nves<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> Net <span class=\"_ _c\"></span>Investm<span class=\"_ _3\"></span>ent <span class=\"_ _c\"></span>retur<span class=\"_ _3\"></span>n <span class=\"_ _1d1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _138\"> </span>Nether<span class=\"_ _3\"></span>lands<span class=\"_ _4\"></span>  <span class=\"_ _3f\"> </span>contracts  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>U<span class=\"_ _c\"></span>K  <span class=\"_ _3a\"> </span>Swede<span class=\"_ _c\"></span>n  <span class=\"_ _e7\"> </span>(re<span class=\"_ _c\"></span>sta<span class=\"_ _c\"></span>ted <span class=\"_ _2f\"></span>) <span class=\"_ _cd\"> </span>(with<span class=\"_ _c\"></span>ou<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>DPFs <span class=\"_ _2f\"></span>) <span class=\"_ _140\"> </span>Che<span class=\"_ _c\"></span>sna<span class=\"_ _c\"></span>ra <span class=\"_ _6\"></span>plc  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Interest r<span class=\"_ _3\"></span>evenue f<span class=\"_ _c\"></span>rom financial assets not measured at FVTP<span class=\"_ _3\"></span>L <span class=\"_ _154\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.5 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.7 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _96\"> </span>1.2<span class=\"_ _36a\"> </span>Net gains on financial investments mandat<span class=\"_ _3\"></span>orily measured as FVTP<span class=\"_ _3\"></span>L <span class=\"_ _ef\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>90.2 <span class=\"_ _3\"></span> <span class=\"_ _61\"> </span>25.6 <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>185.3 <span class=\"_ _3\"></span> <span class=\"_ _104\"> </span>739.<span class=\"_ _3\"></span>6 <span class=\"_ _4\"></span> <span class=\"_ _16f\"> </span>7.5 <span class=\"_ _4\"></span> <span class=\"_ _11e\"> </span>1,048.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>gains <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>investments <span class=\"_ _c\"></span>designated <span class=\"_ _c\"></span>as <span class=\"_ _6\"></span>FVTP<span class=\"_ _3\"></span>L <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1f\"> </span>16.6  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _51\"> </span>43.7  <span class=\"_ _112\"> </span>160.8  <span class=\"_ _19b\"> </span>1.8  <span class=\"_ _126\"> </span>223.0<span class=\"_ _36a\"> </span>Net gains f<span class=\"_ _6\"></span>rom f<span class=\"_ _3\"></span>air value adjustments to in<span class=\"_ _3\"></span>vestment properties <span class=\"_ _114\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>13.9 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0<span class=\"_ _3\"></span>.2 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>13.7<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>inves<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>ret<span class=\"_ _c\"></span>urn <span class=\"_ _222\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>0.7  <span class=\"_ _113\"> </span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _154\"> </span>2<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _66\"> </span>90<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11e\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>28<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span>Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(99.8 <span class=\"_ _9\"></span>) <span class=\"_ _126\"> </span>(22.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(<span class=\"_ _c\"></span>176.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _66\"> </span>(299.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _65\"> </span>(19.5 ) <span class=\"_ _5c\"> </span>(1.0 ) <span class=\"_ _10e\"> </span>(49.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _57\"> </span>(70.3 )<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>20.2 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>9.3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>29.7<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is \u2013<span class=\"_ _36a\"> </span>unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>4<span class=\"_ _c\"></span>.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _50\"> </span>(9<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>) <span class=\"_ _10a\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>12<span class=\"_ _6\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _11e\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>34<span class=\"_ _6\"></span>.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span>Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>8.6  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _9e\"> </span>(1.1 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>7<span class=\"_ _3\"></span>.9<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _65\"> </span>(4.6 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(4.8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rei<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>uran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _16b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8f\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _55\"> </span>0.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.6<span class=\"_ _36a\"> </span>Ne t <span class=\"_ _31\"> </span>in s ura n ce <span class=\"_ _31\"> </span>fi na nc e <span class=\"_ _31\"> </span>exp e ns e s <span class=\"_ _223\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _111\"> </span>(9 5<span class=\"_ _6\"></span>. 5 ) <span class=\"_ _126\"> </span>(2<span class=\"_ _6\"></span>3.<span class=\"_ _6\"></span>3 ) <span class=\"_ _66\"> </span>( 2 1 3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 ) <span class=\"_ _164\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _1c2\"> </span>( 3 3 2<span class=\"_ _6\"></span>. 2 )<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>gains/losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>investment contract <span class=\"_ _6\"></span>liabilities <span class=\"_ _1a9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c2\"> </span>(740<span class=\"_ _3\"></span>.4 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _1c2\"> </span>(7<span class=\"_ _3\"></span>40.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net gains/losses on liabilities relating to polic<span class=\"_ _3\"></span>yholder funds held by the Group <span class=\"_ _9e\"> </span>  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _154\"> </span>(160.8 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>(<span class=\"_ _c\"></span>160.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>inves<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1dd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _113\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _6\"></span>.2  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.9  <span class=\"_ _ed\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1  <span class=\"_ _61\"> </span>(0.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>9.<span class=\"_ _6\"></span>3  <span class=\"_ _57\"> </span>52<span class=\"_ _6\"></span>.7",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAnalysisOfInsuranceRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": " <span class=\"_ _7\"> </span>D1 <span class=\"_ _6\"></span>Insurance r<span class=\"_ _3\"></span>esult<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear ended 31 December 2025<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span>Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>72<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4.<span class=\"_ _c\"></span>3  <span class=\"_ _10d\"> </span>187<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>2.2  <span class=\"_ _8f\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>2<span class=\"_ _c\"></span>.8 <span class=\"_ _3\"></span> <span class=\"_ _19b\"> </span>5.1<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>4.1  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _166\"> </span>1<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _1f\"> </span>2<span class=\"_ _c\"></span>1.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.3  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>78<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _ed\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>13<span class=\"_ _c\"></span>7.5 <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>21<span class=\"_ _c\"></span>7.2<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5  <span class=\"_ _19e\"> </span>2<span class=\"_ _c\"></span>27.0<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _179\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _e7\"> </span>(re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span>Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>65.6  <span class=\"_ _1c1\"> </span>0.3  <span class=\"_ _110\"> </span>155.8  <span class=\"_ _10f\"> </span>221.7<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _9e\"> </span>1.8 <span class=\"_ _3\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>3.0 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>4.9<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>3.9  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _65\"> </span>18.0  <span class=\"_ _61\"> </span>22.4<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>3.6  <span class=\"_ _16f\"> </span>3.6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>71<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _154\"> </span>18<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>26<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsurancePremiumRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "D1 <span class=\"_ _6\"></span>Insurance r<span class=\"_ _3\"></span>esult<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear ended 31 December 2025<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span>Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>72<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4.<span class=\"_ _c\"></span>3  <span class=\"_ _10d\"> </span>187<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>2.2  <span class=\"_ _8f\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>2<span class=\"_ _c\"></span>.8 <span class=\"_ _3\"></span> <span class=\"_ _19b\"> </span>5.1<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>4.1  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _166\"> </span>1<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _1f\"> </span>2<span class=\"_ _c\"></span>1.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.3  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>78<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _ed\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>13<span class=\"_ _c\"></span>7.5 <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>21<span class=\"_ _c\"></span>7.2<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5  <span class=\"_ _19e\"> </span>2<span class=\"_ _c\"></span>27.0<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(7<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>(9.5 <span class=\"_ _8\"></span>) <span class=\"_ _126\"> </span>(78.7 <span class=\"_ _8\"></span>) <span class=\"_ _18a\"> </span>(162.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Changes that relate t<span class=\"_ _4\"></span>o past ser<span class=\"_ _c\"></span>vice \u2013 changes in the FCF relating t<span class=\"_ _3\"></span>o the LIC <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _170\"> </span>4<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>4.7<span class=\"_ _36a\"> </span>Losses on onerous contr<span class=\"_ _3\"></span>acts and reversals of those losses <span class=\"_ _164\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>(7<span class=\"_ _4\"></span>.1 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _f8\"> </span>(40.1 <span class=\"_ _8\"></span>) <span class=\"_ _1fe\"> </span>(4<span class=\"_ _4\"></span>7.2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>amortisation <span class=\"_ _105\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(3.3 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>(3.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o t al <span class=\"_ _31\"> </span>i ns ur an ce <span class=\"_ _31\"> </span>s e r<span class=\"_ _c\"></span>v ic e <span class=\"_ _31\"> </span>exp e ns e s <span class=\"_ _1b6\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _113\"> </span>( 8 1 .<span class=\"_ _6\"></span>2 ) <span class=\"_ _51\"> </span>(4.<span class=\"_ _c\"></span>8 ) <span class=\"_ _50\"> </span>( 1 2 2<span class=\"_ _6\"></span>.1 ) <span class=\"_ _66\"> </span>(2 0<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.1 )<span class=\"_ _36a\"> </span>Net income/(e<span class=\"_ _3\"></span>xpense<span class=\"_ _c\"></span>s) from reinsurance contract<span class=\"_ _c\"></span>s held<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s no<span class=\"_ _c\"></span>t mea<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>red u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r the PA<span class=\"_ _c\"></span>A<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the remaining<span class=\"_ _3\"></span> coverage:<span class=\"_ _36a\"> </span>Expected amount r<span class=\"_ _3\"></span>ecov<span class=\"_ _3\"></span>erable for claims and other insurance service e<span class=\"_ _3\"></span>xpenses <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>(26<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(24.9 <span class=\"_ _9\"></span>) <span class=\"_ _110\"> </span>(5<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(0.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(1.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>received <span class=\"_ _1b1\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>0.2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(3.0 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(2.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s no<span class=\"_ _c\"></span>t mea<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>red u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r the PA<span class=\"_ _c\"></span>A <span class=\"_ _aa\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>27.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _50\"> </span>(2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(56<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s me<span class=\"_ _c\"></span>asu<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er th<span class=\"_ _c\"></span>e PA<span class=\"_ _c\"></span>A <span class=\"_ _38\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Amounts recov<span class=\"_ _4\"></span>erable for incurred claims and other incurred insuranc<span class=\"_ _3\"></span>e service expenses <span class=\"_ _4e\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _57\"> </span>30.<span class=\"_ _c\"></span>5 <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>2.1 <span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>28.0 <span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>60.6<span class=\"_ _36a\"> </span>Changes in amounts recov<span class=\"_ _3\"></span>erable that relat<span class=\"_ _3\"></span>e to past service \u2013 adjustments t<span class=\"_ _3\"></span>o incurred claims <span class=\"_ _7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.5 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>(1.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of loss on recognition of oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _119\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _96\"> </span>1.2  <span class=\"_ _9e\"> </span>1.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of losses on onerous underlying contr<span class=\"_ _3\"></span>acts and reversals of suc<span class=\"_ _3\"></span>h losses <span class=\"_ _161\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>2.1 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.<span class=\"_ _3\"></span>7 <span class=\"_ _8\"></span>) <span class=\"_ _8e\"> </span>1.4<span class=\"_ _36a\"> </span>Effect of changes in the risk of reinsur<span class=\"_ _3\"></span>ers\u2019 non-performance <span class=\"_ _55\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _65\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(0.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal n<span class=\"_ _c\"></span>et ex<span class=\"_ _c\"></span>pe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>es fr<span class=\"_ _c\"></span>om re<span class=\"_ _c\"></span>ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s he<span class=\"_ _c\"></span>ld <span class=\"_ _184\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _61\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>) <span class=\"_ _115\"> </span>3.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>sul<span class=\"_ _c\"></span>t <span class=\"_ _220\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.6  <span class=\"_ _16b\"> </span>4.<span class=\"_ _c\"></span>4  <span class=\"_ _116\"> </span>21<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _179\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _e7\"> </span>(re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span>Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>65.6  <span class=\"_ _1c1\"> </span>0.3  <span class=\"_ _110\"> </span>155.8  <span class=\"_ _10f\"> </span>221.7<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _9e\"> </span>1.8 <span class=\"_ _3\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>3.0 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>4.9<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>3.9  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _65\"> </span>18.0  <span class=\"_ _61\"> </span>22.4<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>3.6  <span class=\"_ _16f\"> </span>3.6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>71<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _154\"> </span>18<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>26<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(60.5 <span class=\"_ _9\"></span>) <span class=\"_ _51\"> </span>(8<span class=\"_ _c\"></span>.9 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(13<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>.4 <span class=\"_ _8\"></span>) <span class=\"_ _10a\"> </span>(206.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate t<span class=\"_ _4\"></span>o past ser<span class=\"_ _c\"></span>vice \u2013 changes in the FCF relating t<span class=\"_ _3\"></span>o the LIC <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _166\"> </span>6.<span class=\"_ _c\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>6.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Losses on onerous contr<span class=\"_ _3\"></span>acts and reversals of those losses <span class=\"_ _164\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(4.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(35.6 <span class=\"_ _8\"></span>) <span class=\"_ _50\"> </span>(40.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>amortisation <span class=\"_ _105\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(3.6 <span class=\"_ _9\"></span>) <span class=\"_ _115\"> </span>(3.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o t al <span class=\"_ _31\"> </span>i ns ur an ce <span class=\"_ _31\"> </span>s e r<span class=\"_ _c\"></span>v ic e <span class=\"_ _31\"> </span>exp e ns e s <span class=\"_ _1b6\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _112\"> </span>(6 4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 ) <span class=\"_ _116\"> </span>( 2<span class=\"_ _6\"></span>.6 ) <span class=\"_ _1c2\"> </span>( 1 76<span class=\"_ _c\"></span>. 6 ) <span class=\"_ _66\"> </span>(24<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.1 )<span class=\"_ _36a\"> </span>Net income/(e<span class=\"_ _3\"></span>xpense<span class=\"_ _c\"></span>s) from reinsurance contract<span class=\"_ _c\"></span>s held<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s no<span class=\"_ _c\"></span>t mea<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>red u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r the PA<span class=\"_ _c\"></span>A<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the remaining<span class=\"_ _3\"></span> coverage:<span class=\"_ _36a\"> </span>Expected amount r<span class=\"_ _3\"></span>ecov<span class=\"_ _3\"></span>erable for claims and other insurance service e<span class=\"_ _3\"></span>xpenses <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>(22.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _10e\"> </span>(23.0 <span class=\"_ _8\"></span>) <span class=\"_ _126\"> </span>(45.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>received <span class=\"_ _1b1\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>(0.4 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _1c1\"> </span>(3.1 <span class=\"_ _2f\"></span>) <span class=\"_ _115\"> </span>(3.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s no<span class=\"_ _c\"></span>t mea<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>red u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r the PA<span class=\"_ _c\"></span>A <span class=\"_ _aa\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _162\"> </span>(2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(2<span class=\"_ _c\"></span>7.1 <span class=\"_ _0\"></span>) <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>51<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s (allo<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>n of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>mium<span class=\"_ _c\"></span>s pa<span class=\"_ _c\"></span>id) \u2013 c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s me<span class=\"_ _c\"></span>asu<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er th<span class=\"_ _c\"></span>e PA<span class=\"_ _c\"></span>A <span class=\"_ _38\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Amounts recov<span class=\"_ _4\"></span>erable for incurred claims and other incurred insuranc<span class=\"_ _3\"></span>e service expenses <span class=\"_ _4e\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>23.0 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>2.0 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>21.4 <span class=\"_ _3\"></span> <span class=\"_ _113\"> </span>46.4<span class=\"_ _36a\"> </span>Changes in amounts recov<span class=\"_ _3\"></span>erable that relat<span class=\"_ _3\"></span>e to past service \u2013 adjustments t<span class=\"_ _3\"></span>o incurred claims <span class=\"_ _7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.5 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(2<span class=\"_ _c\"></span>.5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of loss on recognition of oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _119\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.5 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.5<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of losses on onerous underlying contr<span class=\"_ _3\"></span>acts and reversals of suc<span class=\"_ _3\"></span>h losses <span class=\"_ _161\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _170\"> </span>(1.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _16b\"> </span>(1.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal n<span class=\"_ _c\"></span>et ex<span class=\"_ _c\"></span>pe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>es fr<span class=\"_ _c\"></span>om re<span class=\"_ _c\"></span>ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s he<span class=\"_ _c\"></span>ld <span class=\"_ _184\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _57\"> </span>(9.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>sul<span class=\"_ _c\"></span>t <span class=\"_ _220\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>5<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8  <span class=\"_ _116\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _3\"></span>7 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-437": {
   "value": "<div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws18 gs17\">Y<span class=\"_ _4\"></span>ear ended 31 December 2025<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs18\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs19\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf8 ws103 gs1a\">Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span></div><div class=\"t m1 hb0 ff48 fs6 fc2 sc0 lsf8 ws103 gs1b\">Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1c\">Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>72<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4.<span class=\"_ _c\"></span>3  <span class=\"_ _10d\"> </span>187<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1d\">Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>2.2  <span class=\"_ _8f\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>2<span class=\"_ _c\"></span>.8 <span class=\"_ _3\"></span> <span class=\"_ _19b\"> </span>5.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1e\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>4.1  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _166\"> </span>1<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _1f\"> </span>2<span class=\"_ _c\"></span>1.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1f\">Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.3  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs20\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>78<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _ed\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>13<span class=\"_ _c\"></span>7.5 <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>21<span class=\"_ _c\"></span>7.2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs21\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs22\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5  <span class=\"_ _19e\"> </span>2<span class=\"_ _c\"></span>27.0<span class=\"_ _36a\"> </span></div>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _179\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _e7\"> </span>(re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span>Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>65.6  <span class=\"_ _1c1\"> </span>0.3  <span class=\"_ _110\"> </span>155.8  <span class=\"_ _10f\"> </span>221.7<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _9e\"> </span>1.8 <span class=\"_ _3\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>3.0 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>4.9<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>3.9  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _65\"> </span>18.0  <span class=\"_ _61\"> </span>22.4<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>3.6  <span class=\"_ _16f\"> </span>3.6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>71<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _154\"> </span>18<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>26<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "Y<span class=\"_ _4\"></span>ear ended 31 December 2025<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span>Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>72<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>4.<span class=\"_ _c\"></span>3  <span class=\"_ _10d\"> </span>187<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>2.2  <span class=\"_ _8f\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>2<span class=\"_ _c\"></span>.8 <span class=\"_ _3\"></span> <span class=\"_ _19b\"> </span>5.1<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>4.1  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _166\"> </span>1<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _1f\"> </span>2<span class=\"_ _c\"></span>1.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.3  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _111\"> </span>78<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _ed\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>13<span class=\"_ _c\"></span>7.5 <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>21<span class=\"_ _c\"></span>7.2<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5  <span class=\"_ _19e\"> </span>2<span class=\"_ _c\"></span>27.0<span class=\"_ _36a\"> </span><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs24\">Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _179\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _138\"> </span>Ne<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>rlan<span class=\"_ _c\"></span>ds  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs25\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _20b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>UK  <span class=\"_ _3a\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _e7\"> </span>(re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs26\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf8 ws103 gs27\">Contract<span class=\"_ _c\"></span>s not measured under the<span class=\"_ _3\"></span> P<span class=\"_ _3\"></span>A<span class=\"_ _c\"></span>A<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span></div><div class=\"t m0 hb0 ff48 fs6 fc2 sc0 lsf8 ws103 gs28\">Amounts relating to changes<span class=\"_ _3\"></span> in the liability for remainin<span class=\"_ _3\"></span>g coverage:<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs29\">Expected incurred <span class=\"_ _c\"></span>claims <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _6\"></span>at<span class=\"_ _3\"></span>tributable <span class=\"_ _c\"></span>expenses <span class=\"_ _ea\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>65.6  <span class=\"_ _1c1\"> </span>0.3  <span class=\"_ _110\"> </span>155.8  <span class=\"_ _10f\"> </span>221.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs2a\">Change in risk adjustment for non-financial risk for the risk expir<span class=\"_ _3\"></span>ed <span class=\"_ _132\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _9e\"> </span>1.8 <span class=\"_ _3\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>3.0 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>4.9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs2b\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>services <span class=\"_ _c\"></span>provided <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>3.9  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _65\"> </span>18.0  <span class=\"_ _61\"> </span>22.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs2c\">Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _c\"></span>recov<span class=\"_ _3\"></span>ery <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>3.6  <span class=\"_ _16f\"> </span>3.6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs2d\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>evenu<span class=\"_ _c\"></span>e fo<span class=\"_ _c\"></span>r con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts n<span class=\"_ _c\"></span>ot m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d und<span class=\"_ _c\"></span>er t<span class=\"_ _c\"></span>he PA<span class=\"_ _c\"></span>A <span class=\"_ _f7\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs2e\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>meas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>PAA <span class=\"_ _19e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs2f\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>revenu<span class=\"_ _c\"></span>e <span class=\"_ _1bf\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>71<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _154\"> </span>18<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>26<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8b ws6f gs30\">Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-438": {
   "value": "<div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs32\">Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs33\">Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(9<span class=\"_ _c\"></span>3.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _104\"> </span>(80.7 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10e\"> </span>179.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws185 gs34\">Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _116\"> </span>( 15.9 ) <span class=\"_ _ed\"> </span>(0.7 ) <span class=\"_ _110\"> </span>(32.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _10f\"> </span>(49.4 )<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs35\">Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _116\"> </span>(8<span class=\"_ _c\"></span>.8 <span class=\"_ _8\"></span>) <span class=\"_ _55\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>34.9  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10d\"> </span>26.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls74 ws1 gs36\">Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>1.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(1<span class=\"_ _c\"></span>.3 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.9<span class=\"_ _c\"></span> <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs37\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>19<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _154\"> </span>(79.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span>(2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs38\">Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs39\">Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>14<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _1f\"> </span>(0.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>14.2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs3a\">Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _5c\"> </span>0.2  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _8e\"> </span>1.6 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>1.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls74 ws1 gs3b\">Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _162\"> </span>(2<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>)<span class=\"_ _c\"></span> <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _170\"> </span>0.4 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs3c\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rei<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>uran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _16b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _8e\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws18a gs3d\">Ne t <span class=\"_ _31\"> </span>in s ura n ce <span class=\"_ _31\"> </span>fi na nc e <span class=\"_ _31\"> </span>exp e ns e s <span class=\"_ _223\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _161\"> </span>(<span class=\"_ _c\"></span>1 0<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 ) <span class=\"_ _16b\"> </span>(6<span class=\"_ _c\"></span>.1 ) <span class=\"_ _104\"> </span>(7 8 .<span class=\"_ _6\"></span>5 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _50\"> </span>( 1 9 1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 )<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs3f\">Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs40\">Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(99.8 <span class=\"_ _9\"></span>) <span class=\"_ _126\"> </span>(22.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(<span class=\"_ _c\"></span>176.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _66\"> </span>(299.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws185 gs41\">Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _65\"> </span>(19.5 ) <span class=\"_ _5c\"> </span>(1.0 ) <span class=\"_ _10e\"> </span>(49.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _57\"> </span>(70.3 )<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs42\">Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>20.2 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>9.3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>29.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs43\">Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is \u2013<span class=\"_ _36a\"> </span> </div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs44\">unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>4<span class=\"_ _c\"></span>.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs45\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _50\"> </span>(9<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>) <span class=\"_ _10a\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>12<span class=\"_ _6\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _11e\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>34<span class=\"_ _6\"></span>.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs46\">Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs47\">Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>8.6  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _9e\"> </span>(1.1 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>7<span class=\"_ _3\"></span>.9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs48\">Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _65\"> </span>(4.6 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(4.8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs49\">Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is  </div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs4a\">unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs4b\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rei<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>uran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _16b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8f\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _55\"> </span>0.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws18a gs4c\">Ne t <span class=\"_ _31\"> </span>in s ura n ce <span class=\"_ _31\"> </span>fi na nc e <span class=\"_ _31\"> </span>exp e ns e s <span class=\"_ _223\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _111\"> </span>(9 5<span class=\"_ _6\"></span>. 5 ) <span class=\"_ _126\"> </span>(2<span class=\"_ _6\"></span>3.<span class=\"_ _6\"></span>3 ) <span class=\"_ _66\"> </span>( 2 1 3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 ) <span class=\"_ _164\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _1c2\"> </span>( 3 3 2<span class=\"_ _6\"></span>. 2 )<span class=\"_ _36a\"> </span></div> <span class=\"_ _7\"> </span>D5 <span class=\"_ _6\"></span>Financing costs<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>bank <span class=\"_ _c\"></span>borrowings <span class=\"_ _10c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _86\"> </span>1.0<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _ee\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>0.2  <span class=\"_ _215\"> </span>0.4<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>Tier 2 <span class=\"_ _6\"></span>debt <span class=\"_ _4e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>9.8  <span class=\"_ _e6\"> </span>9.7<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>interest <span class=\"_ _6a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>ing <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s <span class=\"_ _f8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _3f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _36a\"> </span>Interest e<span class=\"_ _3\"></span>xpense on bank bor<span class=\"_ _3\"></span>rowings and <span class=\"_ _2f\"></span>Tier 2 debt is calculated using the eff<span class=\"_ _4\"></span>ective interest rate<span class=\"_ _36a\"> </span>method and is the total interest e<span class=\"_ _3\"></span>xpense for financial liabilities that are not designated at f<span class=\"_ _3\"></span>air valu<span class=\"_ _36a\"> </span>e<span class=\"_ _36a\"> </span>through profit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span>Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(9<span class=\"_ _c\"></span>3.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _104\"> </span>(80.7 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10e\"> </span>179.6<span class=\"_ _36a\"> </span>Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _116\"> </span>( 15.9 ) <span class=\"_ _ed\"> </span>(0.7 ) <span class=\"_ _110\"> </span>(32.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _10f\"> </span>(49.4 )<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _116\"> </span>(8<span class=\"_ _c\"></span>.8 <span class=\"_ _8\"></span>) <span class=\"_ _55\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>34.9  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10d\"> </span>26.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>1.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(1<span class=\"_ _c\"></span>.3 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.9<span class=\"_ _c\"></span> <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>19<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _154\"> </span>(79.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span>(2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span>Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>14<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _1f\"> </span>(0.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>14.2<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _5c\"> </span>0.2  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _8e\"> </span>1.6 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>1.7<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _162\"> </span>(2<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>)<span class=\"_ _c\"></span> <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _170\"> </span>0.4 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span>Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(99.8 <span class=\"_ _9\"></span>) <span class=\"_ _126\"> </span>(22.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(<span class=\"_ _c\"></span>176.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _66\"> </span>(299.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _65\"> </span>(19.5 ) <span class=\"_ _5c\"> </span>(1.0 ) <span class=\"_ _10e\"> </span>(49.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _57\"> </span>(70.3 )<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>20.2 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>9.3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>29.7<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is \u2013<span class=\"_ _36a\"> </span>unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>4<span class=\"_ _c\"></span>.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _50\"> </span>(9<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>) <span class=\"_ _10a\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>12<span class=\"_ _6\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _11e\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>34<span class=\"_ _6\"></span>.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span>Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>8.6  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _9e\"> </span>(1.1 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>7<span class=\"_ _3\"></span>.9<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _65\"> </span>(4.6 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(4.8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span>Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(9<span class=\"_ _c\"></span>3.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _104\"> </span>(80.7 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10e\"> </span>179.6<span class=\"_ _36a\"> </span>Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _116\"> </span>( 15.9 ) <span class=\"_ _ed\"> </span>(0.7 ) <span class=\"_ _110\"> </span>(32.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _10f\"> </span>(49.4 )<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _116\"> </span>(8<span class=\"_ _c\"></span>.8 <span class=\"_ _8\"></span>) <span class=\"_ _55\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>34.9  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10d\"> </span>26.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>1.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(1<span class=\"_ _c\"></span>.3 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.9<span class=\"_ _c\"></span> <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>19<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _154\"> </span>(79.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span>(2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span>Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>14<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _1f\"> </span>(0.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>14.2<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _5c\"> </span>0.2  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _8e\"> </span>1.6 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>1.7<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _162\"> </span>(2<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>)<span class=\"_ _c\"></span> <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _170\"> </span>0.4 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rei<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>uran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _16b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _8e\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span>Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(99.8 <span class=\"_ _9\"></span>) <span class=\"_ _126\"> </span>(22.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(<span class=\"_ _c\"></span>176.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _66\"> </span>(299.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _65\"> </span>(19.5 ) <span class=\"_ _5c\"> </span>(1.0 ) <span class=\"_ _10e\"> </span>(49.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _57\"> </span>(70.3 )<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>20.2 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>9.3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>29.7<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is \u2013<span class=\"_ _36a\"> </span>unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>4<span class=\"_ _c\"></span>.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _50\"> </span>(9<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>) <span class=\"_ _10a\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>12<span class=\"_ _6\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _11e\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>34<span class=\"_ _6\"></span>.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span>Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>8.6  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _9e\"> </span>(1.1 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>7<span class=\"_ _3\"></span>.9<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _65\"> </span>(4.6 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(4.8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rei<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>uran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _16b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8f\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _55\"> </span>0.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.6<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>D5 <span class=\"_ _6\"></span>Financing costs<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>bank <span class=\"_ _c\"></span>borrowings <span class=\"_ _10c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _86\"> </span>1.0<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _ee\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>0.2  <span class=\"_ _215\"> </span>0.4<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>Tier 2 <span class=\"_ _6\"></span>debt <span class=\"_ _4e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>9.8  <span class=\"_ _e6\"> </span>9.7<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>interest <span class=\"_ _6a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>ing <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s <span class=\"_ _f8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _3f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _36a\"> </span>Interest e<span class=\"_ _3\"></span>xpense on bank bor<span class=\"_ _3\"></span>rowings and <span class=\"_ _2f\"></span>Tier 2 debt is calculated using the eff<span class=\"_ _4\"></span>ective interest rate<span class=\"_ _36a\"> </span>method and is the total interest e<span class=\"_ _3\"></span>xpense for financial liabilities that are not designated at f<span class=\"_ _3\"></span>air valu<span class=\"_ _36a\"> </span>e<span class=\"_ _36a\"> </span>through profit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span>Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(9<span class=\"_ _c\"></span>3.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _104\"> </span>(80.7 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10e\"> </span>179.6<span class=\"_ _36a\"> </span>Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _116\"> </span>( 15.9 ) <span class=\"_ _ed\"> </span>(0.7 ) <span class=\"_ _110\"> </span>(32.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _10f\"> </span>(49.4 )<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _116\"> </span>(8<span class=\"_ _c\"></span>.8 <span class=\"_ _8\"></span>) <span class=\"_ _55\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>34.9  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _10d\"> </span>26.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>1.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(1<span class=\"_ _c\"></span>.3 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.9<span class=\"_ _c\"></span> <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>19<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _154\"> </span>(79.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span>(2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span>Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>14<span class=\"_ _c\"></span>.5  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _1f\"> </span>(0.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>14.2<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _5c\"> </span>0.2  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _8e\"> </span>1.6 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>1.7<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unloc<span class=\"_ _3\"></span>ked at lock<span class=\"_ _4\"></span>ed in rates <span class=\"_ _162\"> </span>(2<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>)<span class=\"_ _c\"></span> <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _170\"> </span>0.4 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _c\"></span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Finance income/(<span class=\"_ _3\"></span>expenses) from insurance contrac<span class=\"_ _c\"></span>ts is<span class=\"_ _c\"></span>sued<span class=\"_ _36a\"> </span>Change in fair value of underlying assets of c<span class=\"_ _3\"></span>ontracts measured under the VF<span class=\"_ _4\"></span>A <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(99.8 <span class=\"_ _9\"></span>) <span class=\"_ _126\"> </span>(22.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(<span class=\"_ _c\"></span>176.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _66\"> </span>(299.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Interest <span class=\"_ _21c\"> </span>accreted <span class=\"_ _7d\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _65\"> </span>(19.5 ) <span class=\"_ _5c\"> </span>(1.0 ) <span class=\"_ _10e\"> </span>(49.8 ) <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _b9\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _57\"> </span>(70.3 )<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>20.2 <span class=\"_ _3\"></span> <span class=\"_ _166\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>9.3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>29.7<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is \u2013<span class=\"_ _36a\"> </span>unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>4<span class=\"_ _c\"></span>.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>ce in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me fro<span class=\"_ _c\"></span>m in<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct<span class=\"_ _c\"></span>s i<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ue<span class=\"_ _c\"></span>d <span class=\"_ _b4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _50\"> </span>(9<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _154\"> </span>(2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>) <span class=\"_ _10a\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>12<span class=\"_ _6\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b1\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _11e\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>34<span class=\"_ _6\"></span>.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Finance income from reinsurance contrac<span class=\"_ _c\"></span>ts held<span class=\"_ _36a\"> </span>Interest accreted <span class=\"_ _1c8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>8.6  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _9e\"> </span>(1.1 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>7<span class=\"_ _3\"></span>.9<span class=\"_ _36a\"> </span>Effect of changes in inter<span class=\"_ _3\"></span>est rates and other financial assumptions <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _65\"> </span>(4.6 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(4.8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Effect of changes in fulfilment cash flows at curr<span class=\"_ _3\"></span>ent rates when CSM is unlocked at <span class=\"_ _6\"></span>lock<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>rat<span class=\"_ _3\"></span>es <span class=\"_ _6c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-47": {
   "value": " <span class=\"_ _7\"> </span>D3 <span class=\"_ _6\"></span>Fees,<span class=\"_ _3\"></span> commission and other operating income<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _3e\"> </span>2025  <span class=\"_ _104\"> </span>2024 <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _57\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Policy-b<span class=\"_ _3\"></span>ased <span class=\"_ _c\"></span>fees <span class=\"_ _53\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _115\"> </span>0.7  <span class=\"_ _8e\"> </span>2<span class=\"_ _c\"></span>.9<span class=\"_ _36a\"> </span>Fund management-based fees r<span class=\"_ _3\"></span>ecognised under IFRS 15 <span class=\"_ _f6\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _112\"> </span>49.5 <span class=\"_ _3\"></span> <span class=\"_ _116\"> </span>44.1<span class=\"_ _36a\"> </span>Change in deferred income \u2013 gr<span class=\"_ _3\"></span>oss    <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _65\"> </span>0.2 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>0.2<span class=\"_ _36a\"> </span>Commission income f<span class=\"_ _c\"></span>rom investment contr<span class=\"_ _3\"></span>acts <span class=\"_ _9\"></span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>23.1 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>22.4<span class=\"_ _36a\"> </span>Fee income f<span class=\"_ _c\"></span>rom investment managers <span class=\"_ _1fa\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>1.<span class=\"_ _c\"></span>5 <span class=\"_ _4\"></span> <span class=\"_ _19b\"> </span>1.3<span class=\"_ _36a\"> </span>Charges to polic<span class=\"_ _3\"></span>yholder funds for yield tax <span class=\"_ _42\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>38.3  <span class=\"_ _57\"> </span>30.8<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>types <span class=\"_ _6\"></span>of operating <span class=\"_ _6\"></span>income <span class=\"_ _17\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>0.9  <span class=\"_ _16f\"> </span>2<span class=\"_ _c\"></span>.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal f<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>e, co<span class=\"_ _c\"></span>mmi<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>ion a<span class=\"_ _c\"></span>nd o<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r op<span class=\"_ _c\"></span>erat<span class=\"_ _c\"></span>ing i<span class=\"_ _c\"></span>nco<span class=\"_ _c\"></span>me <span class=\"_ _137\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c2\"> </span>1<span class=\"_ _6\"></span>14<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _5\"></span> <span class=\"_ _154\"> </span>10<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>F<span class=\"_ _4\"></span>und management-based fees recognised under IFR<span class=\"_ _3\"></span>S 1<span class=\"_ _4\"></span>5 have been disaggregated based <span class=\"_ _3\"></span>on the<span class=\"_ _36a\"> </span>geographical region as follo<span class=\"_ _3\"></span>ws:<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _3e\"> </span>2025  <span class=\"_ _104\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _57\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>UK <span class=\"_ _121\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10e\"> </span>39.0  <span class=\"_ _116\"> </span>33.9<span class=\"_ _36a\"> </span>Sweden <span class=\"_ _15e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>0.5  <span class=\"_ _115\"> </span>10.2<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal f<span class=\"_ _c\"></span>un<span class=\"_ _c\"></span>d mana<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t-ba<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d fe<span class=\"_ _c\"></span>es r<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>ogn<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>ed un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r IF<span class=\"_ _c\"></span>RS 1<span class=\"_ _c\"></span>5 <span class=\"_ _11d\"> </span>4<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5 <span class=\"_ _4\"></span> <span class=\"_ _f8\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.1",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-48": {
   "value": " <span class=\"_ _7\"> </span>D4 <span class=\"_ _6\"></span>Expenses by natur<span class=\"_ _4\"></span>e<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _1d2\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce  <span class=\"_ _66\"> </span>Ot<span class=\"_ _c\"></span>her  <span class=\"_ _66\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _137\"> </span>acquisitio<span class=\"_ _c\"></span>n  <span class=\"_ _3b\"> </span>attributable  <span class=\"_ _11d\"> </span>operating  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cash<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>flow<span class=\"_ _3\"></span>s  <span class=\"_ _1fa\"> </span>expenses  <span class=\"_ _1fa\"> </span>expenses<span class=\"_ _3\"></span>  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>No<span class=\"_ _c\"></span>te  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Administrative expense<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Personnel-relat<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>costs <span class=\"_ _225\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _b4\"> </span><span class=\"ff32 lsf5 ws100\">I1</span>  <span class=\"_ _19b\"> </span>2.1  <span class=\"_ _1f\"> </span>13.0  <span class=\"_ _116\"> </span>32.9  <span class=\"_ _113\"> </span>4<span class=\"_ _c\"></span>8.0<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>management <span class=\"_ _c\"></span>fees <span class=\"_ _195\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>1.8  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>5  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Costs <span class=\"_ _c\"></span>paid <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>third-party <span class=\"_ _c\"></span>administrators <span class=\"_ _214\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>8<span class=\"_ _c\"></span>.5  <span class=\"_ _16f\"> </span>3.6  <span class=\"_ _5c\"> </span>12<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>goods <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>services <span class=\"_ _1cc\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8a\"> </span>3.6  <span class=\"_ _ed\"> </span>15.3  <span class=\"_ _61\"> </span>24.5  <span class=\"_ _51\"> </span>43.4<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>property <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>equipment <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _3d\"> </span>1.2<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>right-of-use <span class=\"_ _c\"></span>assets <span class=\"_ _226\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _1c1\"> </span>0.6<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ge <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>softw<span class=\"_ _4\"></span>are <span class=\"_ _6\"></span>assets <span class=\"_ _fd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.6  <span class=\"_ _16f\"> </span>2.6<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _65\"> </span>39<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>6<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Com<span class=\"_ _c\"></span>mis<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>, new b<span class=\"_ _c\"></span>us<span class=\"_ _c\"></span>ine<span class=\"_ _c\"></span>ss a<span class=\"_ _c\"></span>nd re<span class=\"_ _c\"></span>new<span class=\"_ _c\"></span>al co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _228\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _96\"> </span>1.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _96\"> </span>1.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>contracts <span class=\"_ _7f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>37<span class=\"_ _4\"></span>.0  <span class=\"_ _116\"> </span>37<span class=\"_ _3\"></span>.0<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _57\"> </span>37.0  <span class=\"_ _10f\"> </span>38<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and Impairment of intangible asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>of a<span class=\"_ _c\"></span>cquired value <span class=\"_ _6\"></span>of <span class=\"_ _c\"></span>in-force business <span class=\"_ _6b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>4.6  <span class=\"_ _1c1\"> </span>4.6<span class=\"_ _36a\"> </span>Impairment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>acquired <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>in-forc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>business <span class=\"_ _1a9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.4  <span class=\"_ _5c\"> </span>0.4<span class=\"_ _36a\"> </span>Deferred acquisition <span class=\"_ _6\"></span>costs <span class=\"_ _b8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>8.7  <span class=\"_ _8e\"> </span>8.7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.7  <span class=\"_ _65\"> </span>13<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Other expenses<span class=\"_ _36a\"> </span>Payment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>yield <span class=\"_ _6\"></span>tax relating <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _c\"></span>policyholders <span class=\"_ _c\"></span>fun<span class=\"_ _c\"></span>ds <span class=\"_ _188\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _61\"> </span>38.3  <span class=\"_ _116\"> </span>38.3<span class=\"_ _36a\"> </span>Other <span class=\"_ _229\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _8e\"> </span>3.0<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _116\"> </span>39<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>41<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>4<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.1  <span class=\"_ _111\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1  <span class=\"_ _18a\"> </span>20<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>Expenses classed as \u2018insurance acquisition cash flows<span class=\"_ _4\"></span>\u2019 in the table above are <span class=\"_ _4\"></span>offset against the CSM on initial recognition. <span class=\"_ _5\"></span>The \u2018<span class=\"_ _5\"></span>other attributable expenses<span class=\"_ _4\"></span>\u2019 are reported in the \u2018Insurance service expense<span class=\"_ _4\"></span>\u2019 line<span class=\"_ _36a\"> </span>in the Income <span class=\"_ _3\"></span>Statement.<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _179\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _e8\"> </span>In<span class=\"_ _c\"></span>sura<span class=\"_ _c\"></span>nce  <span class=\"_ _66\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r  <span class=\"_ _66\"> </span>Othe<span class=\"_ _c\"></span>r  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _137\"> </span>acquisitio<span class=\"_ _c\"></span>n  <span class=\"_ _3b\"> </span>attributable  <span class=\"_ _11d\"> </span>operating  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cash<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>flow<span class=\"_ _3\"></span>s  <span class=\"_ _1fa\"> </span>expenses  <span class=\"_ _1fa\"> </span>expenses<span class=\"_ _3\"></span>  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>No<span class=\"_ _c\"></span>te  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Administrative expense<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Personnel-relat<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>costs <span class=\"_ _225\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _b4\"> </span><span class=\"ff32 lsf5 ws100\">I1</span>  <span class=\"_ _8e\"> </span>2<span class=\"_ _c\"></span>.7  <span class=\"_ _1f\"> </span>13.6  <span class=\"_ _61\"> </span>26.8  <span class=\"_ _1f\"> </span>43.1<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>management <span class=\"_ _c\"></span>fees <span class=\"_ _195\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>2.4  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>3  <span class=\"_ _16f\"> </span>3.7<span class=\"_ _36a\"> </span>Costs <span class=\"_ _c\"></span>paid <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>third-party <span class=\"_ _c\"></span>administrators <span class=\"_ _214\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>10.6  <span class=\"_ _1c1\"> </span>2.4  <span class=\"_ _1f\"> </span>13.0<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>goods <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>services <span class=\"_ _1cc\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.0  <span class=\"_ _65\"> </span>14.0  <span class=\"_ _61\"> </span>23.4  <span class=\"_ _65\"> </span>41.4<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>property <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>equipment <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _1c1\"> </span>0.<span class=\"_ _c\"></span>3  <span class=\"_ _1c1\"> </span>0.9<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>right-of-use <span class=\"_ _c\"></span>assets <span class=\"_ _226\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _166\"> </span>0.8<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ge <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>softw<span class=\"_ _4\"></span>are <span class=\"_ _6\"></span>assets <span class=\"_ _fd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>2.7  <span class=\"_ _16f\"> </span>2.7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>6<span class=\"_ _6\"></span>.8  <span class=\"_ _1f\"> </span>41<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>5<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.7  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Com<span class=\"_ _c\"></span>mis<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>, new b<span class=\"_ _c\"></span>us<span class=\"_ _c\"></span>ine<span class=\"_ _c\"></span>ss a<span class=\"_ _c\"></span>nd re<span class=\"_ _c\"></span>new<span class=\"_ _c\"></span>al co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _228\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.8<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>contracts <span class=\"_ _7f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>32.6  <span class=\"_ _116\"> </span>32.6<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _113\"> </span>3<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _10f\"> </span>36<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and Impairment of intangible asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Acquired value <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>in-forc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>business <span class=\"_ _1b6\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _166\"> </span>4.8  <span class=\"_ _166\"> </span>4.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Deferred acquisition <span class=\"_ _6\"></span>costs <span class=\"_ _b8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8f\"> </span>7.<span class=\"_ _3\"></span>7  <span class=\"_ _8a\"> </span>7.<span class=\"_ _3\"></span>7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _61\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Other expenses<span class=\"_ _36a\"> </span>Payment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>yield <span class=\"_ _6\"></span>tax relating <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _c\"></span>policyholders <span class=\"_ _c\"></span>fun<span class=\"_ _c\"></span>ds <span class=\"_ _188\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10d\"> </span>30.8  <span class=\"_ _51\"> </span>30.8<span class=\"_ _36a\"> </span>Other <span class=\"_ _229\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2<span class=\"_ _c\"></span>.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.2<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _10f\"> </span>30<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _113\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>6<span class=\"_ _6\"></span>.8  <span class=\"_ _65\"> </span>47<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>87.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Included in other goods and services abo<span class=\"_ _3\"></span>ve are the f<span class=\"_ _3\"></span>ollowing amounts pa<span class=\"_ _4\"></span>yable to the auditor and its associates, ex<span class=\"_ _4\"></span>clusive of <span class=\"_ _5\"></span>V<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>T<span class=\"_ _9\"></span>.<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Fees pay<span class=\"_ _3\"></span>able to the C<span class=\"_ _3\"></span>ompany\u2019s auditor f<span class=\"_ _3\"></span>or the audit of the Company\u2019s financial <span class=\"_ _c\"></span>statements <span class=\"_ _16f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.8  <span class=\"_ _e9\"> </span>0.7<span class=\"_ _36a\"> </span>Fees pay<span class=\"_ _3\"></span>able to the C<span class=\"_ _3\"></span>ompany\u2019s auditor and its associat<span class=\"_ _4\"></span>es for other services to the Group:<span class=\"_ _36a\"> </span>The audit of the Company\u2019s subsidiar<span class=\"_ _3\"></span>ies pursuant to legislation<span class=\"_ _3\"></span>* <span class=\"_ _d4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.5  <span class=\"_ _215\"> </span>2.4<span class=\"_ _36a\"> </span>Audit-relat<span class=\"_ _4\"></span>ed <span class=\"_ _6\"></span>assurance ser<span class=\"_ _c\"></span>vices** <span class=\"_ _2f\"></span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>5  <span class=\"_ _e9\"> </span>0.2<span class=\"_ _36a\"> </span>Non-audit <span class=\"_ _c\"></span>services*<span class=\"_ _c\"></span>** <span class=\"_ _104\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _86\"> </span>5<span class=\"_ _c\"></span>.1  <span class=\"_ _11b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>*I<span class=\"_ _c\"></span>ncl<span class=\"_ _c\"></span>ud<span class=\"_ _c\"></span>es \u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>m (2<span class=\"_ _c\"></span>024: \u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>m) au<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t fees in re<span class=\"_ _c\"></span>sp<span class=\"_ _c\"></span>ect o<span class=\"_ _c\"></span>f the au<span class=\"_ _c\"></span>dit of o<span class=\"_ _c\"></span>verse<span class=\"_ _c\"></span>as s<span class=\"_ _c\"></span>ub<span class=\"_ _c\"></span>sid<span class=\"_ _c\"></span>ia<span class=\"_ _c\"></span>rie<span class=\"_ _c\"></span>s in the year p<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>for<span class=\"_ _c\"></span>me<span class=\"_ _c\"></span>d by E<span class=\"_ _c\"></span>Y<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>*<span class=\"_ _4\"></span>*I<span class=\"_ _c\"></span>nc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>es \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2m (2<span class=\"_ _c\"></span>024: \u00a3<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>2m<span class=\"_ _c\"></span>) relati<span class=\"_ _c\"></span>ng to the a<span class=\"_ _c\"></span>nnu<span class=\"_ _c\"></span>al C<span class=\"_ _c\"></span>AS<span class=\"_ _c\"></span>S aud<span class=\"_ _c\"></span>it of C<span class=\"_ _c\"></span>AS<span class=\"_ _c\"></span>FS Li<span class=\"_ _c\"></span>mite<span class=\"_ _c\"></span>d and \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>m relati<span class=\"_ _c\"></span>ng to the<span class=\"_ _36a\"> </span>aud<span class=\"_ _c\"></span>it of reg<span class=\"_ _c\"></span>ul<span class=\"_ _c\"></span>ator<span class=\"_ _c\"></span>y retur<span class=\"_ _c\"></span>ns, w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h was p<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>for<span class=\"_ _c\"></span>me<span class=\"_ _c\"></span>d for the fi<span class=\"_ _c\"></span>rst ti<span class=\"_ _c\"></span>me in th<span class=\"_ _c\"></span>e UK th<span class=\"_ _c\"></span>is ye<span class=\"_ _c\"></span>ar.<span class=\"_ _36a\"> </span>*<span class=\"_ _3\"></span>**The no<span class=\"_ _c\"></span>n<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>au<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice<span class=\"_ _c\"></span>s in 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 were in re<span class=\"_ _c\"></span>lati<span class=\"_ _c\"></span>on to rep<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>ng ac<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ounti<span class=\"_ _c\"></span>ng wo<span class=\"_ _c\"></span>rk on th<span class=\"_ _c\"></span>e rig<span class=\"_ _c\"></span>hts is<span class=\"_ _c\"></span>sue p<span class=\"_ _c\"></span>rosp<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>tus for<span class=\"_ _36a\"> </span>\u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2m, a<span class=\"_ _c\"></span>nd the b<span class=\"_ _c\"></span>al<span class=\"_ _c\"></span>an<span class=\"_ _c\"></span>ce rel<span class=\"_ _c\"></span>ated to an a<span class=\"_ _c\"></span>cc<span class=\"_ _c\"></span>ou<span class=\"_ _c\"></span>nting o<span class=\"_ _c\"></span>pi<span class=\"_ _c\"></span>nio<span class=\"_ _c\"></span>n an<span class=\"_ _c\"></span>d a co<span class=\"_ _c\"></span>mfor<span class=\"_ _c\"></span>t let<span class=\"_ _c\"></span>ter on th<span class=\"_ _c\"></span>e restri<span class=\"_ _c\"></span>cted T<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>r 1 bo<span class=\"_ _c\"></span>nd<span class=\"_ _c\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": " <span class=\"_ _7\"> </span>D4 <span class=\"_ _6\"></span>Expenses by natur<span class=\"_ _4\"></span>e<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _1d2\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce  <span class=\"_ _66\"> </span>Ot<span class=\"_ _c\"></span>her  <span class=\"_ _66\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _137\"> </span>acquisitio<span class=\"_ _c\"></span>n  <span class=\"_ _3b\"> </span>attributable  <span class=\"_ _11d\"> </span>operating  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cash<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>flow<span class=\"_ _3\"></span>s  <span class=\"_ _1fa\"> </span>expenses  <span class=\"_ _1fa\"> </span>expenses<span class=\"_ _3\"></span>  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>No<span class=\"_ _c\"></span>te  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Administrative expense<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Personnel-relat<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>costs <span class=\"_ _225\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _b4\"> </span><span class=\"ff32 lsf5 ws100\">I1</span>  <span class=\"_ _19b\"> </span>2.1  <span class=\"_ _1f\"> </span>13.0  <span class=\"_ _116\"> </span>32.9  <span class=\"_ _113\"> </span>4<span class=\"_ _c\"></span>8.0<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>management <span class=\"_ _c\"></span>fees <span class=\"_ _195\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>1.8  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>5  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Costs <span class=\"_ _c\"></span>paid <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>third-party <span class=\"_ _c\"></span>administrators <span class=\"_ _214\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>8<span class=\"_ _c\"></span>.5  <span class=\"_ _16f\"> </span>3.6  <span class=\"_ _5c\"> </span>12<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>goods <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>services <span class=\"_ _1cc\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8a\"> </span>3.6  <span class=\"_ _ed\"> </span>15.3  <span class=\"_ _61\"> </span>24.5  <span class=\"_ _51\"> </span>43.4<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>property <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>equipment <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _3d\"> </span>1.2<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>right-of-use <span class=\"_ _c\"></span>assets <span class=\"_ _226\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _1c1\"> </span>0.6<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ge <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>softw<span class=\"_ _4\"></span>are <span class=\"_ _6\"></span>assets <span class=\"_ _fd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.6  <span class=\"_ _16f\"> </span>2.6<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _65\"> </span>39<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>6<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Com<span class=\"_ _c\"></span>mis<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>, new b<span class=\"_ _c\"></span>us<span class=\"_ _c\"></span>ine<span class=\"_ _c\"></span>ss a<span class=\"_ _c\"></span>nd re<span class=\"_ _c\"></span>new<span class=\"_ _c\"></span>al co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _228\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _96\"> </span>1.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _96\"> </span>1.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>contracts <span class=\"_ _7f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>37<span class=\"_ _4\"></span>.0  <span class=\"_ _116\"> </span>37<span class=\"_ _3\"></span>.0<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _57\"> </span>37.0  <span class=\"_ _10f\"> </span>38<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and Impairment of intangible asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>of a<span class=\"_ _c\"></span>cquired value <span class=\"_ _6\"></span>of <span class=\"_ _c\"></span>in-force business <span class=\"_ _6b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>4.6  <span class=\"_ _1c1\"> </span>4.6<span class=\"_ _36a\"> </span>Impairment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>acquired <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>in-forc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>business <span class=\"_ _1a9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.4  <span class=\"_ _5c\"> </span>0.4<span class=\"_ _36a\"> </span>Deferred acquisition <span class=\"_ _6\"></span>costs <span class=\"_ _b8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>8.7  <span class=\"_ _8e\"> </span>8.7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.7  <span class=\"_ _65\"> </span>13<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Other expenses<span class=\"_ _36a\"> </span>Payment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>yield <span class=\"_ _6\"></span>tax relating <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _c\"></span>policyholders <span class=\"_ _c\"></span>fun<span class=\"_ _c\"></span>ds <span class=\"_ _188\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _61\"> </span>38.3  <span class=\"_ _116\"> </span>38.3<span class=\"_ _36a\"> </span>Other <span class=\"_ _229\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _8e\"> </span>3.0<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _116\"> </span>39<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>41<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>4<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.1  <span class=\"_ _111\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1  <span class=\"_ _18a\"> </span>20<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>Expenses classed as \u2018insurance acquisition cash flows<span class=\"_ _4\"></span>\u2019 in the table above are <span class=\"_ _4\"></span>offset against the CSM on initial recognition. <span class=\"_ _5\"></span>The \u2018<span class=\"_ _5\"></span>other attributable expenses<span class=\"_ _4\"></span>\u2019 are reported in the \u2018Insurance service expense<span class=\"_ _4\"></span>\u2019 line<span class=\"_ _36a\"> </span>in the Income <span class=\"_ _3\"></span>Statement.<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _179\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _e8\"> </span>In<span class=\"_ _c\"></span>sura<span class=\"_ _c\"></span>nce  <span class=\"_ _66\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r  <span class=\"_ _66\"> </span>Othe<span class=\"_ _c\"></span>r  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _137\"> </span>acquisitio<span class=\"_ _c\"></span>n  <span class=\"_ _3b\"> </span>attributable  <span class=\"_ _11d\"> </span>operating  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cash<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>flow<span class=\"_ _3\"></span>s  <span class=\"_ _1fa\"> </span>expenses  <span class=\"_ _1fa\"> </span>expenses<span class=\"_ _3\"></span>  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>No<span class=\"_ _c\"></span>te  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Administrative expense<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Personnel-relat<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>costs <span class=\"_ _225\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _b4\"> </span><span class=\"ff32 lsf5 ws100\">I1</span>  <span class=\"_ _8e\"> </span>2<span class=\"_ _c\"></span>.7  <span class=\"_ _1f\"> </span>13.6  <span class=\"_ _61\"> </span>26.8  <span class=\"_ _1f\"> </span>43.1<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>management <span class=\"_ _c\"></span>fees <span class=\"_ _195\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>2.4  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>3  <span class=\"_ _16f\"> </span>3.7<span class=\"_ _36a\"> </span>Costs <span class=\"_ _c\"></span>paid <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>third-party <span class=\"_ _c\"></span>administrators <span class=\"_ _214\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>10.6  <span class=\"_ _1c1\"> </span>2.4  <span class=\"_ _1f\"> </span>13.0<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>goods <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>services <span class=\"_ _1cc\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.0  <span class=\"_ _65\"> </span>14.0  <span class=\"_ _61\"> </span>23.4  <span class=\"_ _65\"> </span>41.4<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>property <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>equipment <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _1c1\"> </span>0.<span class=\"_ _c\"></span>3  <span class=\"_ _1c1\"> </span>0.9<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>right-of-use <span class=\"_ _c\"></span>assets <span class=\"_ _226\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _166\"> </span>0.8<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ge <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>softw<span class=\"_ _4\"></span>are <span class=\"_ _6\"></span>assets <span class=\"_ _fd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>2.7  <span class=\"_ _16f\"> </span>2.7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>6<span class=\"_ _6\"></span>.8  <span class=\"_ _1f\"> </span>41<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>5<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.7  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Com<span class=\"_ _c\"></span>mis<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>, new b<span class=\"_ _c\"></span>us<span class=\"_ _c\"></span>ine<span class=\"_ _c\"></span>ss a<span class=\"_ _c\"></span>nd re<span class=\"_ _c\"></span>new<span class=\"_ _c\"></span>al co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _228\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.8<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>contracts <span class=\"_ _7f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>32.6  <span class=\"_ _116\"> </span>32.6<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _113\"> </span>3<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _10f\"> </span>36<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and Impairment of intangible asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Acquired value <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>in-forc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>business <span class=\"_ _1b6\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _166\"> </span>4.8  <span class=\"_ _166\"> </span>4.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Deferred acquisition <span class=\"_ _6\"></span>costs <span class=\"_ _b8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8f\"> </span>7.<span class=\"_ _3\"></span>7  <span class=\"_ _8a\"> </span>7.<span class=\"_ _3\"></span>7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _61\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Other expenses<span class=\"_ _36a\"> </span>Payment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>yield <span class=\"_ _6\"></span>tax relating <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _c\"></span>policyholders <span class=\"_ _c\"></span>fun<span class=\"_ _c\"></span>ds <span class=\"_ _188\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10d\"> </span>30.8  <span class=\"_ _51\"> </span>30.8<span class=\"_ _36a\"> </span>Other <span class=\"_ _229\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2<span class=\"_ _c\"></span>.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.2<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _10f\"> </span>30<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _113\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>6<span class=\"_ _6\"></span>.8  <span class=\"_ _65\"> </span>47<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>87.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Included in other goods and services abo<span class=\"_ _3\"></span>ve are the f<span class=\"_ _3\"></span>ollowing amounts pa<span class=\"_ _4\"></span>yable to the auditor and its associates, ex<span class=\"_ _4\"></span>clusive of <span class=\"_ _5\"></span>V<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>T<span class=\"_ _9\"></span>.<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Fees pay<span class=\"_ _3\"></span>able to the C<span class=\"_ _3\"></span>ompany\u2019s auditor f<span class=\"_ _3\"></span>or the audit of the Company\u2019s financial <span class=\"_ _c\"></span>statements <span class=\"_ _16f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.8  <span class=\"_ _e9\"> </span>0.7<span class=\"_ _36a\"> </span>Fees pay<span class=\"_ _3\"></span>able to the C<span class=\"_ _3\"></span>ompany\u2019s auditor and its associat<span class=\"_ _4\"></span>es for other services to the Group:<span class=\"_ _36a\"> </span>The audit of the Company\u2019s subsidiar<span class=\"_ _3\"></span>ies pursuant to legislation<span class=\"_ _3\"></span>* <span class=\"_ _d4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.5  <span class=\"_ _215\"> </span>2.4<span class=\"_ _36a\"> </span>Audit-relat<span class=\"_ _4\"></span>ed <span class=\"_ _6\"></span>assurance ser<span class=\"_ _c\"></span>vices** <span class=\"_ _2f\"></span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>5  <span class=\"_ _e9\"> </span>0.2<span class=\"_ _36a\"> </span>Non-audit <span class=\"_ _c\"></span>services*<span class=\"_ _c\"></span>** <span class=\"_ _104\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _86\"> </span>5<span class=\"_ _c\"></span>.1  <span class=\"_ _11b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>I<span class=\"_ _c\"></span>ncl<span class=\"_ _c\"></span>ud<span class=\"_ _c\"></span>es \u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>m (2<span class=\"_ _c\"></span>024: \u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>m) au<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t fees in re<span class=\"_ _c\"></span>sp<span class=\"_ _c\"></span>ect o<span class=\"_ _c\"></span>f the au<span class=\"_ _c\"></span>dit of o<span class=\"_ _c\"></span>verse<span class=\"_ _c\"></span>as s<span class=\"_ _c\"></span>ub<span class=\"_ _c\"></span>sid<span class=\"_ _c\"></span>ia<span class=\"_ _c\"></span>rie<span class=\"_ _c\"></span>s in the year p<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>for<span class=\"_ _c\"></span>me<span class=\"_ _c\"></span>d by E<span class=\"_ _c\"></span>Y<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>I<span class=\"_ _c\"></span>nc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>es \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2m (2<span class=\"_ _c\"></span>024: \u00a3<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>2m<span class=\"_ _c\"></span>) relati<span class=\"_ _c\"></span>ng to the a<span class=\"_ _c\"></span>nnu<span class=\"_ _c\"></span>al C<span class=\"_ _c\"></span>AS<span class=\"_ _c\"></span>S aud<span class=\"_ _c\"></span>it of C<span class=\"_ _c\"></span>AS<span class=\"_ _c\"></span>FS Li<span class=\"_ _c\"></span>mite<span class=\"_ _c\"></span>d and \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>m relati<span class=\"_ _c\"></span>ng to the<span class=\"_ _36a\"> </span>aud<span class=\"_ _c\"></span>it of reg<span class=\"_ _c\"></span>ul<span class=\"_ _c\"></span>ator<span class=\"_ _c\"></span>y retur<span class=\"_ _c\"></span>ns, w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h was p<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>for<span class=\"_ _c\"></span>me<span class=\"_ _c\"></span>d for the fi<span class=\"_ _c\"></span>rst ti<span class=\"_ _c\"></span>me in th<span class=\"_ _c\"></span>e UK th<span class=\"_ _c\"></span>is ye<span class=\"_ _c\"></span>ar.<span class=\"_ _36a\"> </span>The no<span class=\"_ _c\"></span>n<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>au<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice<span class=\"_ _c\"></span>s in 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 were in re<span class=\"_ _c\"></span>lati<span class=\"_ _c\"></span>on to rep<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>ng ac<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ounti<span class=\"_ _c\"></span>ng wo<span class=\"_ _c\"></span>rk on th<span class=\"_ _c\"></span>e rig<span class=\"_ _c\"></span>hts is<span class=\"_ _c\"></span>sue p<span class=\"_ _c\"></span>rosp<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>tus for<span class=\"_ _36a\"> </span>\u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2m, a<span class=\"_ _c\"></span>nd the b<span class=\"_ _c\"></span>al<span class=\"_ _c\"></span>an<span class=\"_ _c\"></span>ce rel<span class=\"_ _c\"></span>ated to an a<span class=\"_ _c\"></span>cc<span class=\"_ _c\"></span>ou<span class=\"_ _c\"></span>nting o<span class=\"_ _c\"></span>pi<span class=\"_ _c\"></span>nio<span class=\"_ _c\"></span>n an<span class=\"_ _c\"></span>d a co<span class=\"_ _c\"></span>mfor<span class=\"_ _c\"></span>t let<span class=\"_ _c\"></span>ter on th<span class=\"_ _c\"></span>e restri<span class=\"_ _c\"></span>cted T<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>r 1 bo<span class=\"_ _c\"></span>nd<span class=\"_ _c\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "D4 <span class=\"_ _6\"></span>Expenses by natur<span class=\"_ _4\"></span>e<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _1d2\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce  <span class=\"_ _66\"> </span>Ot<span class=\"_ _c\"></span>her  <span class=\"_ _66\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _137\"> </span>acquisitio<span class=\"_ _c\"></span>n  <span class=\"_ _3b\"> </span>attributable  <span class=\"_ _11d\"> </span>operating  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cash<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>flow<span class=\"_ _3\"></span>s  <span class=\"_ _1fa\"> </span>expenses  <span class=\"_ _1fa\"> </span>expenses<span class=\"_ _3\"></span>  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>No<span class=\"_ _c\"></span>te  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Administrative expense<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Personnel-relat<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>costs <span class=\"_ _225\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _b4\"> </span><span class=\"ff32 lsf5 ws100\">I1</span>  <span class=\"_ _19b\"> </span>2.1  <span class=\"_ _1f\"> </span>13.0  <span class=\"_ _116\"> </span>32.9  <span class=\"_ _113\"> </span>4<span class=\"_ _c\"></span>8.0<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>management <span class=\"_ _c\"></span>fees <span class=\"_ _195\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>1.8  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>5  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Costs <span class=\"_ _c\"></span>paid <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>third-party <span class=\"_ _c\"></span>administrators <span class=\"_ _214\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>8<span class=\"_ _c\"></span>.5  <span class=\"_ _16f\"> </span>3.6  <span class=\"_ _5c\"> </span>12<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>goods <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>services <span class=\"_ _1cc\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8a\"> </span>3.6  <span class=\"_ _ed\"> </span>15.3  <span class=\"_ _61\"> </span>24.5  <span class=\"_ _51\"> </span>43.4<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>property <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>equipment <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _3d\"> </span>1.2<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>right-of-use <span class=\"_ _c\"></span>assets <span class=\"_ _226\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _1c1\"> </span>0.6<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ge <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>softw<span class=\"_ _4\"></span>are <span class=\"_ _6\"></span>assets <span class=\"_ _fd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.6  <span class=\"_ _16f\"> </span>2.6<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _65\"> </span>39<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>6<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Com<span class=\"_ _c\"></span>mis<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>, new b<span class=\"_ _c\"></span>us<span class=\"_ _c\"></span>ine<span class=\"_ _c\"></span>ss a<span class=\"_ _c\"></span>nd re<span class=\"_ _c\"></span>new<span class=\"_ _c\"></span>al co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _228\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _96\"> </span>1.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _96\"> </span>1.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>contracts <span class=\"_ _7f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>37<span class=\"_ _4\"></span>.0  <span class=\"_ _116\"> </span>37<span class=\"_ _3\"></span>.0<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _57\"> </span>37.0  <span class=\"_ _10f\"> </span>38<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and Impairment of intangible asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>of a<span class=\"_ _c\"></span>cquired value <span class=\"_ _6\"></span>of <span class=\"_ _c\"></span>in-force business <span class=\"_ _6b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>4.6  <span class=\"_ _1c1\"> </span>4.6<span class=\"_ _36a\"> </span>Impairment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>acquired <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>in-forc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>business <span class=\"_ _1a9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.4  <span class=\"_ _5c\"> </span>0.4<span class=\"_ _36a\"> </span>Deferred acquisition <span class=\"_ _6\"></span>costs <span class=\"_ _b8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>8.7  <span class=\"_ _8e\"> </span>8.7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.7  <span class=\"_ _65\"> </span>13<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Other expenses<span class=\"_ _36a\"> </span>Payment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>yield <span class=\"_ _6\"></span>tax relating <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _c\"></span>policyholders <span class=\"_ _c\"></span>fun<span class=\"_ _c\"></span>ds <span class=\"_ _188\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _61\"> </span>38.3  <span class=\"_ _116\"> </span>38.3<span class=\"_ _36a\"> </span>Other <span class=\"_ _229\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _8e\"> </span>3.0<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _116\"> </span>39<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>41<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>4<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.1  <span class=\"_ _111\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1  <span class=\"_ _18a\"> </span>20<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>Expenses classed as \u2018insurance acquisition cash flows<span class=\"_ _4\"></span>\u2019 in the table above are <span class=\"_ _4\"></span>offset against the CSM on initial recognition. <span class=\"_ _5\"></span>The \u2018<span class=\"_ _5\"></span>other attributable expenses<span class=\"_ _4\"></span>\u2019 are reported in the \u2018Insurance service expense<span class=\"_ _4\"></span>\u2019 line<span class=\"_ _36a\"> </span>in the Income <span class=\"_ _3\"></span>Statement.<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _179\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _e8\"> </span>In<span class=\"_ _c\"></span>sura<span class=\"_ _c\"></span>nce  <span class=\"_ _66\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r  <span class=\"_ _66\"> </span>Othe<span class=\"_ _c\"></span>r  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _137\"> </span>acquisitio<span class=\"_ _c\"></span>n  <span class=\"_ _3b\"> </span>attributable  <span class=\"_ _11d\"> </span>operating  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cash<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>flow<span class=\"_ _3\"></span>s  <span class=\"_ _1fa\"> </span>expenses  <span class=\"_ _1fa\"> </span>expenses<span class=\"_ _3\"></span>  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _126\"> </span>No<span class=\"_ _c\"></span>te  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _16b\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Administrative expense<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Personnel-relat<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>costs <span class=\"_ _225\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _b4\"> </span><span class=\"ff32 lsf5 ws100\">I1</span>  <span class=\"_ _8e\"> </span>2<span class=\"_ _c\"></span>.7  <span class=\"_ _1f\"> </span>13.6  <span class=\"_ _61\"> </span>26.8  <span class=\"_ _1f\"> </span>43.1<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>management <span class=\"_ _c\"></span>fees <span class=\"_ _195\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>2.4  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>3  <span class=\"_ _16f\"> </span>3.7<span class=\"_ _36a\"> </span>Costs <span class=\"_ _c\"></span>paid <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>third-party <span class=\"_ _c\"></span>administrators <span class=\"_ _214\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>10.6  <span class=\"_ _1c1\"> </span>2.4  <span class=\"_ _1f\"> </span>13.0<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>goods <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>services <span class=\"_ _1cc\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.0  <span class=\"_ _65\"> </span>14.0  <span class=\"_ _61\"> </span>23.4  <span class=\"_ _65\"> </span>41.4<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>property <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>equipment <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _1c1\"> </span>0.<span class=\"_ _c\"></span>3  <span class=\"_ _1c1\"> </span>0.9<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>right-of-use <span class=\"_ _c\"></span>assets <span class=\"_ _226\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _166\"> </span>0.8<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ge <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>softw<span class=\"_ _4\"></span>are <span class=\"_ _6\"></span>assets <span class=\"_ _fd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>2.7  <span class=\"_ _16f\"> </span>2.7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>6<span class=\"_ _6\"></span>.8  <span class=\"_ _1f\"> </span>41<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>5<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.7  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Com<span class=\"_ _c\"></span>mis<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>, new b<span class=\"_ _c\"></span>us<span class=\"_ _c\"></span>ine<span class=\"_ _c\"></span>ss a<span class=\"_ _c\"></span>nd re<span class=\"_ _c\"></span>new<span class=\"_ _c\"></span>al co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _228\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.8<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>contracts <span class=\"_ _7f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _116\"> </span>32.6  <span class=\"_ _116\"> </span>32.6<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _113\"> </span>3<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _10f\"> </span>36<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and Impairment of intangible asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Acquired value <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>in-forc<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>business <span class=\"_ _1b6\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _166\"> </span>4.8  <span class=\"_ _166\"> </span>4.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Deferred acquisition <span class=\"_ _6\"></span>costs <span class=\"_ _b8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8f\"> </span>7.<span class=\"_ _3\"></span>7  <span class=\"_ _8a\"> </span>7.<span class=\"_ _3\"></span>7<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _61\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Other expenses<span class=\"_ _36a\"> </span>Payment <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>yield <span class=\"_ _6\"></span>tax relating <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _c\"></span>policyholders <span class=\"_ _c\"></span>fun<span class=\"_ _c\"></span>ds <span class=\"_ _188\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10d\"> </span>30.8  <span class=\"_ _51\"> </span>30.8<span class=\"_ _36a\"> </span>Other <span class=\"_ _229\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2<span class=\"_ _c\"></span>.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.2<span class=\"_ _36a\"> </span>Sub<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>to<span class=\"_ _c\"></span>tal <span class=\"_ _227\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _10f\"> </span>30<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _113\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>6<span class=\"_ _6\"></span>.8  <span class=\"_ _65\"> </span>47<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>87.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Included in other goods and services abo<span class=\"_ _3\"></span>ve are the f<span class=\"_ _3\"></span>ollowing amounts pa<span class=\"_ _4\"></span>yable to the auditor and its associates, ex<span class=\"_ _4\"></span>clusive of <span class=\"_ _5\"></span>V<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>T<span class=\"_ _9\"></span>.<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Fees pay<span class=\"_ _3\"></span>able to the C<span class=\"_ _3\"></span>ompany\u2019s auditor f<span class=\"_ _3\"></span>or the audit of the Company\u2019s financial <span class=\"_ _c\"></span>statements <span class=\"_ _16f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.8  <span class=\"_ _e9\"> </span>0.7<span class=\"_ _36a\"> </span>Fees pay<span class=\"_ _3\"></span>able to the C<span class=\"_ _3\"></span>ompany\u2019s auditor and its associat<span class=\"_ _4\"></span>es for other services to the Group:<span class=\"_ _36a\"> </span>The audit of the Company\u2019s subsidiar<span class=\"_ _3\"></span>ies pursuant to legislation<span class=\"_ _3\"></span>* <span class=\"_ _d4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.5  <span class=\"_ _215\"> </span>2.4<span class=\"_ _36a\"> </span>Audit-relat<span class=\"_ _4\"></span>ed <span class=\"_ _6\"></span>assurance ser<span class=\"_ _c\"></span>vices** <span class=\"_ _2f\"></span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>5  <span class=\"_ _e9\"> </span>0.2<span class=\"_ _36a\"> </span>Non-audit <span class=\"_ _c\"></span>services*<span class=\"_ _c\"></span>** <span class=\"_ _104\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _86\"> </span>5<span class=\"_ _c\"></span>.1  <span class=\"_ _11b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>*I<span class=\"_ _c\"></span>ncl<span class=\"_ _c\"></span>ud<span class=\"_ _c\"></span>es \u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>m (2<span class=\"_ _c\"></span>024: \u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>m) au<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t fees in re<span class=\"_ _c\"></span>sp<span class=\"_ _c\"></span>ect o<span class=\"_ _c\"></span>f the au<span class=\"_ _c\"></span>dit of o<span class=\"_ _c\"></span>verse<span class=\"_ _c\"></span>as s<span class=\"_ _c\"></span>ub<span class=\"_ _c\"></span>sid<span class=\"_ _c\"></span>ia<span class=\"_ _c\"></span>rie<span class=\"_ _c\"></span>s in the year p<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>for<span class=\"_ _c\"></span>me<span class=\"_ _c\"></span>d by E<span class=\"_ _c\"></span>Y<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>*<span class=\"_ _4\"></span>*I<span class=\"_ _c\"></span>nc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>es \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2m (2<span class=\"_ _c\"></span>024: \u00a3<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>2m<span class=\"_ _c\"></span>) relati<span class=\"_ _c\"></span>ng to the a<span class=\"_ _c\"></span>nnu<span class=\"_ _c\"></span>al C<span class=\"_ _c\"></span>AS<span class=\"_ _c\"></span>S aud<span class=\"_ _c\"></span>it of C<span class=\"_ _c\"></span>AS<span class=\"_ _c\"></span>FS Li<span class=\"_ _c\"></span>mite<span class=\"_ _c\"></span>d and \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>m relati<span class=\"_ _c\"></span>ng to the<span class=\"_ _36a\"> </span>aud<span class=\"_ _c\"></span>it of reg<span class=\"_ _c\"></span>ul<span class=\"_ _c\"></span>ator<span class=\"_ _c\"></span>y retur<span class=\"_ _c\"></span>ns, w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h was p<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>for<span class=\"_ _c\"></span>me<span class=\"_ _c\"></span>d for the fi<span class=\"_ _c\"></span>rst ti<span class=\"_ _c\"></span>me in th<span class=\"_ _c\"></span>e UK th<span class=\"_ _c\"></span>is ye<span class=\"_ _c\"></span>ar.<span class=\"_ _36a\"> </span>*<span class=\"_ _3\"></span>**The no<span class=\"_ _c\"></span>n<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>au<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice<span class=\"_ _c\"></span>s in 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 were in re<span class=\"_ _c\"></span>lati<span class=\"_ _c\"></span>on to rep<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>ng ac<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ounti<span class=\"_ _c\"></span>ng wo<span class=\"_ _c\"></span>rk on th<span class=\"_ _c\"></span>e rig<span class=\"_ _c\"></span>hts is<span class=\"_ _c\"></span>sue p<span class=\"_ _c\"></span>rosp<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>tus for<span class=\"_ _36a\"> </span>\u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2m, a<span class=\"_ _c\"></span>nd the b<span class=\"_ _c\"></span>al<span class=\"_ _c\"></span>an<span class=\"_ _c\"></span>ce rel<span class=\"_ _c\"></span>ated to an a<span class=\"_ _c\"></span>cc<span class=\"_ _c\"></span>ou<span class=\"_ _c\"></span>nting o<span class=\"_ _c\"></span>pi<span class=\"_ _c\"></span>nio<span class=\"_ _c\"></span>n an<span class=\"_ _c\"></span>d a co<span class=\"_ _c\"></span>mfor<span class=\"_ _c\"></span>t let<span class=\"_ _c\"></span>ter on th<span class=\"_ _c\"></span>e restri<span class=\"_ _c\"></span>cted T<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>r 1 bo<span class=\"_ _c\"></span>nd<span class=\"_ _c\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-439": {
   "value": "<div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs4e\">Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>property <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>equipment <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _3d\"> </span>1.2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs4f\">Depreciation <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>right-of-use <span class=\"_ _c\"></span>assets <span class=\"_ _226\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _1c1\"> </span>0.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs50\">Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ge <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>softw<span class=\"_ _4\"></span>are <span class=\"_ _6\"></span>assets <span class=\"_ _fd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.6  <span class=\"_ _16f\"> </span>2.6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs52\">Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>property <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>equipment <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.5  <span class=\"_ _1c1\"> </span>0.<span class=\"_ _c\"></span>3  <span class=\"_ _1c1\"> </span>0.9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs53\">Depreciation <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>right-of-use <span class=\"_ _c\"></span>assets <span class=\"_ _226\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _166\"> </span>0.8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs54\">Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ge <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>softw<span class=\"_ _4\"></span>are <span class=\"_ _6\"></span>assets <span class=\"_ _fd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>2.7  <span class=\"_ _16f\"> </span>2.7<span class=\"_ _36a\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-440": {
   "value": "<div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs56\">Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs57\"> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs58\">Fees pay<span class=\"_ _3\"></span>able to the C<span class=\"_ _3\"></span>ompany\u2019s auditor f<span class=\"_ _3\"></span>or the audit of the Company\u2019s  </div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs59\">financial <span class=\"_ _c\"></span>statements <span class=\"_ _16f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.8  <span class=\"_ _e9\"> </span>0.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs5a\">Fees pay<span class=\"_ _3\"></span>able to the C<span class=\"_ _3\"></span>ompany\u2019s auditor and its associat<span class=\"_ _4\"></span>es for  </div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs5b\">other services to the Group:<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs5c\">The audit of the Company\u2019s subsidiar<span class=\"_ _3\"></span>ies pursuant to legislation<span class=\"_ _3\"></span>* <span class=\"_ _d4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.5  <span class=\"_ _215\"> </span>2.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs5d\">Audit-relat<span class=\"_ _4\"></span>ed <span class=\"_ _6\"></span>assurance ser<span class=\"_ _c\"></span>vices** <span class=\"_ _2f\"></span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>5  <span class=\"_ _e9\"> </span>0.2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs5e\">Non-audit <span class=\"_ _c\"></span>services*<span class=\"_ _c\"></span>** <span class=\"_ _104\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs5f\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _86\"> </span>5<span class=\"_ _c\"></span>.1  <span class=\"_ _11b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 hf ff45 fs6 fc6 sc0 ls2a ws1 gs60\"> <span class=\"_ _13c\"></span>*I<span class=\"_ _c\"></span>ncl<span class=\"_ _c\"></span>ud<span class=\"_ _c\"></span>es \u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>m (2<span class=\"_ _c\"></span>024: \u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>m) au<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t fees in re<span class=\"_ _c\"></span>sp<span class=\"_ _c\"></span>ect o<span class=\"_ _c\"></span>f the au<span class=\"_ _c\"></span>dit of o<span class=\"_ _c\"></span>verse<span class=\"_ _c\"></span>as s<span class=\"_ _c\"></span>ub<span class=\"_ _c\"></span>sid<span class=\"_ _c\"></span>ia<span class=\"_ _c\"></span>rie<span class=\"_ _c\"></span>s in the <span class=\"ls1\"> </span></div><div class=\"t m0 hf ff45 fs6 fc6 sc0 ls8c ws1 gs61\">year p<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>for<span class=\"_ _c\"></span>me<span class=\"_ _c\"></span>d by E<span class=\"_ _c\"></span>Y<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span></div><div class=\"t m0 hf ff45 fs6 fc6 sc0 lsdc ws1 gs62\"> <span class=\"_ _22a\"></span>*<span class=\"_ _4\"></span>*I<span class=\"_ _c\"></span>nc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>es \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2m (2<span class=\"_ _c\"></span>024: \u00a3<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>2m<span class=\"_ _c\"></span>) relati<span class=\"_ _c\"></span>ng to the a<span class=\"_ _c\"></span>nnu<span class=\"_ _c\"></span>al C<span class=\"_ _c\"></span>AS<span class=\"_ _c\"></span>S aud<span class=\"_ _c\"></span>it of C<span class=\"_ _c\"></span>AS<span class=\"_ _c\"></span>FS Li<span class=\"_ _c\"></span>mite<span class=\"_ _c\"></span>d and \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>m relati<span class=\"_ _c\"></span>ng to the<span class=\"_ _36a\"> </span><span class=\"_ _c\"></span> </div><div class=\"t m0 hf ff45 fs6 fc6 sc0 lsdc ws1 gs63\">aud<span class=\"_ _c\"></span>it of reg<span class=\"_ _c\"></span>ul<span class=\"_ _c\"></span>ator<span class=\"_ _c\"></span>y retur<span class=\"_ _c\"></span>ns, w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h was p<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>for<span class=\"_ _c\"></span>me<span class=\"_ _c\"></span>d for the fi<span class=\"_ _c\"></span>rst ti<span class=\"_ _c\"></span>me in th<span class=\"_ _c\"></span>e UK th<span class=\"_ _c\"></span>is ye<span class=\"_ _c\"></span>ar.<span class=\"_ _36a\"> </span></div><div class=\"t m0 hf ff45 fs6 fc6 sc0 ls1 ws1 gs64\"> <span class=\"_ _2c\"></span><span class=\"lsdc\">*<span class=\"_ _3\"></span>**The no<span class=\"_ _c\"></span>n<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>au<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t ser<span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>ice<span class=\"_ _c\"></span>s in 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 were in re<span class=\"_ _c\"></span>lati<span class=\"_ _c\"></span>on to rep<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>ng ac<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ounti<span class=\"_ _c\"></span>ng wo<span class=\"_ _c\"></span>rk on th<span class=\"_ _c\"></span>e rig<span class=\"_ _c\"></span>hts is<span class=\"_ _c\"></span>sue p<span class=\"_ _c\"></span>rosp<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>tus for<span class=\"_ _36a\"> </span> </span></div><div class=\"t m0 hf ff45 fs6 fc6 sc0 lsdc ws1 gs65\">\u00a31<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2m, a<span class=\"_ _c\"></span>nd the b<span class=\"_ _c\"></span>al<span class=\"_ _c\"></span>an<span class=\"_ _c\"></span>ce rel<span class=\"_ _c\"></span>ated to an a<span class=\"_ _c\"></span>cc<span class=\"_ _c\"></span>ou<span class=\"_ _c\"></span>nting o<span class=\"_ _c\"></span>pi<span class=\"_ _c\"></span>nio<span class=\"_ _c\"></span>n an<span class=\"_ _c\"></span>d a co<span class=\"_ _c\"></span>mfor<span class=\"_ _c\"></span>t let<span class=\"_ _c\"></span>ter on th<span class=\"_ _c\"></span>e restri<span class=\"_ _c\"></span>cted T<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>r 1 bo<span class=\"_ _c\"></span>nd<span class=\"_ _c\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-49": {
   "value": " <span class=\"_ _7\"> </span>D5 <span class=\"_ _6\"></span>Financing costs<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>bank <span class=\"_ _c\"></span>borrowings <span class=\"_ _10c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _86\"> </span>1.0<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _ee\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>0.2  <span class=\"_ _215\"> </span>0.4<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>Tier 2 <span class=\"_ _6\"></span>debt <span class=\"_ _4e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>9.8  <span class=\"_ _e6\"> </span>9.7<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>interest <span class=\"_ _6a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>ing <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s <span class=\"_ _f8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _3f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _36a\"> </span>Interest e<span class=\"_ _3\"></span>xpense on bank bor<span class=\"_ _3\"></span>rowings and <span class=\"_ _2f\"></span>Tier 2 debt is calculated using the eff<span class=\"_ _4\"></span>ective interest rate<span class=\"_ _36a\"> </span>method and is the total interest e<span class=\"_ _3\"></span>xpense for financial liabilities that are not designated at f<span class=\"_ _3\"></span>air valu<span class=\"_ _36a\"> </span>e<span class=\"_ _36a\"> </span>through profit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": " <span class=\"_ _7\"> </span>D5 <span class=\"_ _6\"></span>Financing costs<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>bank <span class=\"_ _c\"></span>borrowings <span class=\"_ _10c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _86\"> </span>1.0<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _ee\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>0.2  <span class=\"_ _215\"> </span>0.4<span class=\"_ _36a\"> </span>Interest expense <span class=\"_ _c\"></span>on <span class=\"_ _6\"></span>Tier 2 <span class=\"_ _6\"></span>debt <span class=\"_ _4e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>9.8  <span class=\"_ _e6\"> </span>9.7<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>interest <span class=\"_ _6a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>fin<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>ing <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>s <span class=\"_ _f8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _3f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _36a\"> </span>Interest e<span class=\"_ _3\"></span>xpense on bank bor<span class=\"_ _3\"></span>rowings and <span class=\"_ _2f\"></span>Tier 2 debt is calculated using the eff<span class=\"_ _4\"></span>ective interest rate<span class=\"_ _36a\"> </span>method and is the total interest e<span class=\"_ _3\"></span>xpense for financial liabilities that are not designated at f<span class=\"_ _3\"></span>air valu<span class=\"_ _36a\"> </span>through profit or loss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-50": {
   "value": " <span class=\"_ _7\"> </span>D6 <span class=\"_ _6\"></span>Income tax<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Current tax<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _c\"></span>year <span class=\"_ _c\"></span>expense <span class=\"_ _ed\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(2.4 <span class=\"_ _2f\"></span>) <span class=\"_ _ea\"> </span>(<span class=\"_ _c\"></span>1.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Adjustment <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>prior <span class=\"_ _c\"></span>years <span class=\"_ _125\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.9  <span class=\"_ _e9\"> </span>0.6<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>expense <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>(1.5 <span class=\"_ _2f\"></span>) <span class=\"_ _3f\"> </span>(0<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Deferred tax<span class=\"_ _36a\"> </span>Origination and rev<span class=\"_ _3\"></span>ersal of temporary differ<span class=\"_ _3\"></span>ences <span class=\"_ _17b\"> </span>  <span class=\"_ _52\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _f0\"> </span>(27.<span class=\"_ _3\"></span>7 <span class=\"_ _8\"></span>) <span class=\"_ _d3\"> </span>(18<span class=\"_ _c\"></span>.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Adjustment <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>prior <span class=\"_ _c\"></span>years <span class=\"_ _125\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _129\"> </span>2<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>tax <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se)/cre<span class=\"_ _c\"></span>di<span class=\"_ _c\"></span>t   <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ef\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _41\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Re<span class=\"_ _c\"></span>con<span class=\"_ _c\"></span>cil<span class=\"_ _c\"></span>iati<span class=\"_ _c\"></span>on o<span class=\"_ _c\"></span>f ef<span class=\"_ _c\"></span>f<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>ve ta<span class=\"_ _c\"></span>x rate o<span class=\"_ _c\"></span>n pr<span class=\"_ _c\"></span>ofi<span class=\"_ _c\"></span>t be<span class=\"_ _c\"></span>fo<span class=\"_ _c\"></span>re tax <span class=\"_ _2\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _41\"> </span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _4\"></span> <span class=\"_ _137\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Pro<span class=\"_ _c\"></span>fit<span class=\"_ _c\"></span>/(lo<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s) <span class=\"_ _6\"></span>bef<span class=\"_ _c\"></span>ore <span class=\"_ _6\"></span>tax <span class=\"_ _107\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _11c\"> </span>20.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Income tax using the domestic corporation tax rat<span class=\"_ _4\"></span>es applicable to profits in the country concerned (2025: 25.4<span class=\"_ _4\"></span>% (2024: 23.2%)) <span class=\"_ _11b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _123\"> </span>(4.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _e8\"> </span>(4.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Non-taxable profit on acquisition of subsidiary <span class=\"_ _144\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.2<span class=\"_ _36a\"> </span>Non-taxable income in relation t<span class=\"_ _3\"></span>o unit-linked business <span class=\"_ _29\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span>1.0 <span class=\"_ _4\"></span> <span class=\"_ _1fa\"> </span>(0.2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Permanent <span class=\"_ _c\"></span>differences <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ea\"> </span>(3.5 <span class=\"_ _2f\"></span>) <span class=\"_ _e6\"> </span>0.1<span class=\"_ _36a\"> </span>Effect of UK tax bases on insurance profits <span class=\"_ _44\"> </span>  <span class=\"_ _52\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _11c\"> </span>(1<span class=\"_ _c\"></span>9.8 <span class=\"_ _8\"></span>) <span class=\"_ _d3\"> </span>(<span class=\"_ _c\"></span>15.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Offset <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>ranked <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>income <span class=\"_ _18c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>1.<span class=\"_ _3\"></span>0  <span class=\"_ _e6\"> </span>2.6<span class=\"_ _36a\"> </span>V<span class=\"_ _4\"></span>ariation in rate of tax on amortisation of acquired in-forc<span class=\"_ _3\"></span>e value <span class=\"_ _1fa\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.3  <span class=\"_ _86\"> </span>1.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Unrecognised <span class=\"_ _c\"></span>tax <span class=\"_ _c\"></span>recover<span class=\"_ _3\"></span>able <span class=\"_ _3c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _3f\"> </span>(0.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _ea\"> </span>0.8<span class=\"_ _36a\"> </span>Effect of deferred tax not r<span class=\"_ _3\"></span>ecognised <span class=\"_ _11e\"> </span>  <span class=\"_ _52\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e7\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _e8\"> </span>(4.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Non-deductible <span class=\"_ _c\"></span>expenses <span class=\"_ _85\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>(3.1 <span class=\"_ _2f\"></span>) <span class=\"_ _e6\"> </span>0.1<span class=\"_ _36a\"> </span>Under<span class=\"_ _3\"></span>/(over<span class=\"_ _3\"></span>) <span class=\"_ _c\"></span>provided <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>prior years <span class=\"_ _1c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _134\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Other <span class=\"_ _82\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e5\"> </span>2.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>tax <span class=\"_ _6\"></span>cre<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>/(expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e) <span class=\"_ _4\"></span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ef\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _41\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>The a<span class=\"_ _3\"></span>verage corporation tax rate is calculated b<span class=\"_ _3\"></span>y taking a weighted a<span class=\"_ _4\"></span>verage of the rates applicable<span class=\"_ _36a\"> </span>to Group entities in the UK (25%), the Netherlands (25.8%) and <span class=\"_ _4\"></span>Sweden (20.6%). <span class=\"_ _2f\"></span>The a<span class=\"_ _3\"></span>verage is<span class=\"_ _36a\"> </span>weighted based <span class=\"_ _3\"></span>on the accounting profit before tax in <span class=\"_ _3\"></span>each jurisdiction in the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The principal reconciling items betw<span class=\"_ _3\"></span>een the tax charge and the UK corporation tax rate relate<span class=\"_ _36a\"> </span>to policyholder tax under the UK I\u2013E regime, diff<span class=\"_ _4\"></span>erences between accounting and tax treatment<span class=\"_ _36a\"> </span>of insurance-contract related balances (including acquired value in f<span class=\"_ _3\"></span>orce (A<span class=\"_ _4\"></span>VIF) and IFRS 1<span class=\"_ _4\"></span>7<span class=\"_ _36a\"> </span>adjustments), the impact of unrecognised tax losses where rele<span class=\"_ _3\"></span>vant, and the application <span class=\"_ _3\"></span>of statutory<span class=\"_ _36a\"> </span>tax rates in <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>eden and the Netherlands.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-51": {
   "value": " <span class=\"_ _13\"> </span>E1 <span class=\"_ _6\"></span>Intangible assets<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _140\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2\"> </span>S<span class=\"_ _c\"></span>of<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>wa<span class=\"_ _c\"></span>re <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>AVIF  <span class=\"_ _29\"> </span>AVCR  <span class=\"_ _eb\"> </span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _41\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Cost<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ee\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11b\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _f0\"> </span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _3c\"> </span>14<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _127\"> </span>2.1  <span class=\"_ _127\"> </span>2.1<span class=\"_ _36a\"> </span>Disposals <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _134\"> </span>(9.4 <span class=\"_ _2f\"></span>) <span class=\"_ _11d\"> </span>(9.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e6\"> </span>3.3  <span class=\"_ _119\"> </span>3.3<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ee\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11b\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11c\"> </span>26<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _2a\"> </span>14<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and impairment losse<span class=\"_ _c\"></span>s:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>81<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _11f\"> </span>22<span class=\"_ _6\"></span>.7  <span class=\"_ _3c\"> </span>1<span class=\"_ _c\"></span>06<span class=\"_ _6\"></span>.6<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>for the <span class=\"_ _6\"></span>ye<span class=\"_ _3\"></span>ar <span class=\"_ _10b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>4.6  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _119\"> </span>7<span class=\"_ _5\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Disposals <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _f7\"> </span>(8.7 <span class=\"_ _9\"></span>) <span class=\"_ _123\"> </span>(8.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Impairment <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>ye<span class=\"_ _3\"></span>ar <span class=\"_ _66\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.4  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11b\"> </span>0.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _e9\"> </span>(1.3 <span class=\"_ _2f\"></span>) <span class=\"_ _124\"> </span>\u2013  <span class=\"_ _127\"> </span>1.9  <span class=\"_ _e9\"> </span>0.6<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>8<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _119\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _e8\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _d4\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Carr<span class=\"_ _c\"></span>ying amounts<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>J<span class=\"_ _c\"></span>anu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y <span class=\"_ _103\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11c\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>5  <span class=\"_ _e7\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _e6\"> </span>8<span class=\"_ _c\"></span>.1  <span class=\"_ _f0\"> </span>3<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>ber <span class=\"_ _184\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>26<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _11b\"> </span>0.<span class=\"_ _c\"></span>2  <span class=\"_ _e7\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _132\"> </span>35<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _156\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _158\"> </span>Sof<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>wa<span class=\"_ _c\"></span>re  <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>AVIF  <span class=\"_ _29\"> </span>AVCR  <span class=\"_ _eb\"> </span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _41\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Cost<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11b\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _11d\"> </span>31.<span class=\"_ _c\"></span>0  <span class=\"_ _f2\"> </span>14<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e6\"> </span>2.2  <span class=\"_ _119\"> </span>2.2<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _1fa\"> </span>(2<span class=\"_ _c\"></span>.4 <span class=\"_ _2f\"></span>) <span class=\"_ _123\"> </span>(2.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _11b\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _f0\"> </span>30<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _3c\"> </span>1<span class=\"_ _c\"></span>45<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and impairment losse<span class=\"_ _c\"></span>s:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _123\"> </span>76<span class=\"_ _c\"></span>.1  <span class=\"_ _119\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _123\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7  <span class=\"_ _f0\"> </span>9<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>for the <span class=\"_ _6\"></span>ye<span class=\"_ _3\"></span>ar <span class=\"_ _10b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>4<span class=\"_ _c\"></span>.7  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e6\"> </span>2.7  <span class=\"_ _e5\"> </span>7.4<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _129\"> </span>1.0  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _215\"> </span>(<span class=\"_ _c\"></span>1.7 <span class=\"_ _9\"></span>) <span class=\"_ _123\"> </span>(0.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>81<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _11f\"> </span>22<span class=\"_ _6\"></span>.7  <span class=\"_ _3c\"> </span>10<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Carr<span class=\"_ _c\"></span>ying amounts<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>J<span class=\"_ _c\"></span>anu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y <span class=\"_ _103\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _132\"> </span>36<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _e7\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _e7\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _132\"> </span>45<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>ber <span class=\"_ _184\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>5  <span class=\"_ _e7\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _e5\"> </span>8<span class=\"_ _6\"></span>.1  <span class=\"_ _f0\"> </span>38<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _36a\"> </span>All amounts within intangible assets are non-current.<span class=\"_ _36a\"> </span>Section A5 (i) pro<span class=\"_ _4\"></span>vides further details of the significant judgements applied and the sensitivities to<span class=\"_ _36a\"> </span>those judgements in respect of the <span class=\"_ _4\"></span>AVIF assets held in regard to CA<span class=\"_ _4\"></span>SLP within the UK segment of<span class=\"_ _36a\"> </span>\u00a31<span class=\"_ _4\"></span>6.3m (3<span class=\"_ _4\"></span>1 December 2024: \u00a319.8m) and also in Mo<span class=\"_ _4\"></span>vestic of \u00a31<span class=\"_ _5\"></span>0.5m (31 December 2024: \u00a31<span class=\"_ _4\"></span>0.7m).<span class=\"_ _36a\"> </span>The acquired v<span class=\"_ _3\"></span>alue of customer relationships (A<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>CR) asset and the software assets are held in<span class=\"_ _36a\"> </span>respect of Movestic.<span class=\"_ _36a\"> </span>The amortisation charged to the Consolidated <span class=\"_ _4\"></span>Statement of Comprehensive Income is recognised<span class=\"_ _36a\"> </span>in other operating expenses (see Note <span class=\"_ _c\"></span>D4).<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>er<span class=\"_ _4\"></span>red acquisition costs<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d3\"> </span>48<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11c\"> </span>50<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>8.9  <span class=\"_ _e6\"> </span>9.2<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ged <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>income <span class=\"_ _f6\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(8<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _134\"> </span>(7<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>5.<span class=\"_ _c\"></span>5  <span class=\"_ _ea\"> </span>(3.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>54<span class=\"_ _c\"></span>.1  <span class=\"_ _d3\"> </span>48<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>54.1  <span class=\"_ _e5\"> </span>6.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11f\"> </span>46.8  <span class=\"_ _134\"> </span>42<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11d\"> </span>54<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _ee\"> </span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>The amortisation charged to income is recognised in <span class=\"_ _3\"></span>other operating <span class=\"_ _3\"></span>expenses (see Note <span class=\"_ _4\"></span>D4).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": " <span class=\"_ _13\"> </span>E1 <span class=\"_ _6\"></span>Intangible assets<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _140\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2\"> </span>S<span class=\"_ _c\"></span>of<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>wa<span class=\"_ _c\"></span>re <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>AVIF  <span class=\"_ _29\"> </span>AVCR  <span class=\"_ _eb\"> </span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _41\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Cost<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ee\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11b\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _f0\"> </span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _3c\"> </span>14<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _127\"> </span>2.1  <span class=\"_ _127\"> </span>2.1<span class=\"_ _36a\"> </span>Disposals <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _134\"> </span>(9.4 <span class=\"_ _2f\"></span>) <span class=\"_ _11d\"> </span>(9.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e6\"> </span>3.3  <span class=\"_ _119\"> </span>3.3<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ee\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11b\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11c\"> </span>26<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _2a\"> </span>14<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and impairment losse<span class=\"_ _c\"></span>s:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>81<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _11f\"> </span>22<span class=\"_ _6\"></span>.7  <span class=\"_ _3c\"> </span>1<span class=\"_ _c\"></span>06<span class=\"_ _6\"></span>.6<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>for the <span class=\"_ _6\"></span>ye<span class=\"_ _3\"></span>ar <span class=\"_ _10b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>4.6  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _119\"> </span>7<span class=\"_ _5\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Disposals <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _f7\"> </span>(8.7 <span class=\"_ _9\"></span>) <span class=\"_ _123\"> </span>(8.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Impairment <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>ye<span class=\"_ _3\"></span>ar <span class=\"_ _66\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.4  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11b\"> </span>0.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _e9\"> </span>(1.3 <span class=\"_ _2f\"></span>) <span class=\"_ _124\"> </span>\u2013  <span class=\"_ _127\"> </span>1.9  <span class=\"_ _e9\"> </span>0.6<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>8<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _119\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _e8\"> </span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _d4\"> </span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Carr<span class=\"_ _c\"></span>ying amounts<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>J<span class=\"_ _c\"></span>anu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y <span class=\"_ _103\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11c\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>5  <span class=\"_ _e7\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _e6\"> </span>8<span class=\"_ _c\"></span>.1  <span class=\"_ _f0\"> </span>3<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>ber <span class=\"_ _184\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>26<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _11b\"> </span>0.<span class=\"_ _c\"></span>2  <span class=\"_ _e7\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _132\"> </span>35<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>24 <span class=\"_ _156\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _158\"> </span>Sof<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>wa<span class=\"_ _c\"></span>re  <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>AVIF  <span class=\"_ _29\"> </span>AVCR  <span class=\"_ _eb\"> </span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _41\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Cost<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _11b\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _11d\"> </span>31.<span class=\"_ _c\"></span>0  <span class=\"_ _f2\"> </span>14<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e6\"> </span>2.2  <span class=\"_ _119\"> </span>2.2<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _1fa\"> </span>(2<span class=\"_ _c\"></span>.4 <span class=\"_ _2f\"></span>) <span class=\"_ _123\"> </span>(2.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _11b\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _f0\"> </span>30<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _3c\"> </span>1<span class=\"_ _c\"></span>45<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and impairment losse<span class=\"_ _c\"></span>s:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _123\"> </span>76<span class=\"_ _c\"></span>.1  <span class=\"_ _119\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _123\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7  <span class=\"_ _f0\"> </span>9<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>for the <span class=\"_ _6\"></span>ye<span class=\"_ _3\"></span>ar <span class=\"_ _10b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>4<span class=\"_ _c\"></span>.7  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e6\"> </span>2.7  <span class=\"_ _e5\"> </span>7.4<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _129\"> </span>1.0  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _215\"> </span>(<span class=\"_ _c\"></span>1.7 <span class=\"_ _9\"></span>) <span class=\"_ _123\"> </span>(0.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>81<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _11f\"> </span>22<span class=\"_ _6\"></span>.7  <span class=\"_ _3c\"> </span>10<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Carr<span class=\"_ _c\"></span>ying amounts<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>J<span class=\"_ _c\"></span>anu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y <span class=\"_ _103\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _132\"> </span>36<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _e7\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _e7\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _132\"> </span>45<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>ber <span class=\"_ _184\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>5  <span class=\"_ _e7\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _e5\"> </span>8<span class=\"_ _6\"></span>.1  <span class=\"_ _f0\"> </span>38<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _36a\"> </span>All amounts within intangible assets are non-current.<span class=\"_ _36a\"> </span>Section A5 (i) pro<span class=\"_ _4\"></span>vides further details of the significant judgements applied and the sensitivities to<span class=\"_ _36a\"> </span>those judgements in respect of the <span class=\"_ _4\"></span>AVIF assets held in regard to CA<span class=\"_ _4\"></span>SLP within the UK segment of<span class=\"_ _36a\"> </span>\u00a31<span class=\"_ _4\"></span>6.3m (3<span class=\"_ _4\"></span>1 December 2024: \u00a319.8m) and also in Mo<span class=\"_ _4\"></span>vestic of \u00a31<span class=\"_ _5\"></span>0.5m (31 December 2024: \u00a31<span class=\"_ _4\"></span>0.7m).<span class=\"_ _36a\"> </span>The acquired v<span class=\"_ _3\"></span>alue of customer relationships (A<span class=\"_ _4\"></span>V<span class=\"_ _4\"></span>CR) asset and the software assets are held in<span class=\"_ _36a\"> </span>respect of Movestic.<span class=\"_ _36a\"> </span>The amortisation charged to the Consolidated <span class=\"_ _4\"></span>Statement of Comprehensive Income is recognised<span class=\"_ _36a\"> </span>in other operating expenses (see Note <span class=\"_ _c\"></span>D4).<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>er<span class=\"_ _4\"></span>red acquisition costs<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d3\"> </span>48<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11c\"> </span>50<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>8.9  <span class=\"_ _e6\"> </span>9.2<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ged <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>income <span class=\"_ _f6\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(8<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _134\"> </span>(7<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>5.<span class=\"_ _c\"></span>5  <span class=\"_ _ea\"> </span>(3.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>54<span class=\"_ _c\"></span>.1  <span class=\"_ _d3\"> </span>48<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>54.1  <span class=\"_ _e5\"> </span>6.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11f\"> </span>46.8  <span class=\"_ _134\"> </span>42<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11d\"> </span>54<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _ee\"> </span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>The amortisation charged to income is recognised in <span class=\"_ _3\"></span>other operating <span class=\"_ _3\"></span>expenses (see Note <span class=\"_ _4\"></span>D4).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-441": {
   "value": "Def<span class=\"_ _3\"></span>er<span class=\"_ _4\"></span>red acquisition costs<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d3\"> </span>48<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11c\"> </span>50<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>8.9  <span class=\"_ _e6\"> </span>9.2<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>char<span class=\"_ _3\"></span>ged <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>income <span class=\"_ _f6\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(8<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _134\"> </span>(7<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>5.<span class=\"_ _c\"></span>5  <span class=\"_ _ea\"> </span>(3.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>54<span class=\"_ _c\"></span>.1  <span class=\"_ _d3\"> </span>48<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>54.1  <span class=\"_ _e5\"> </span>6.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11f\"> </span>46.8  <span class=\"_ _134\"> </span>42<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11d\"> </span>54<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _ee\"> </span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>The amortisation charged to income is recognised in <span class=\"_ _3\"></span>other operating <span class=\"_ _3\"></span>expenses (see Note <span class=\"_ _4\"></span>D4).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredAcquisitionCostsArisingFromInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-52": {
   "value": " <span class=\"_ _13\"> </span>E2 <span class=\"_ _6\"></span>Proper<span class=\"_ _3\"></span>ty and equipment<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Cost<span class=\"_ _c\"></span>:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>1<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>6  <span class=\"_ _11c\"> </span>20<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>1.8  <span class=\"_ _215\"> </span>0.8<span class=\"_ _36a\"> </span>Disposals <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(2.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _ea\"> </span>(1.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Revaluation <span class=\"_ _101\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.7<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>1.0  <span class=\"_ _3f\"> </span>(0.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>19<span class=\"_ _c\"></span>.6  <span class=\"_ _11d\"> </span>1<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Amor<span class=\"_ _c\"></span>tisation and impairment losse<span class=\"_ _c\"></span>s:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1fa\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8  <span class=\"_ _11d\"> </span>12<span class=\"_ _6\"></span>.2<span class=\"_ _36a\"> </span>Depreciation <span class=\"_ _c\"></span>charge <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>y<span class=\"_ _3\"></span>ear <span class=\"_ _1b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.2  <span class=\"_ _129\"> </span>1.7<span class=\"_ _36a\"> </span>Disposals <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>(1.5 <span class=\"_ _9\"></span>) <span class=\"_ _e7\"> </span>(1.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>0.5  <span class=\"_ _3f\"> </span>(0.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>12<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _3f\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Car<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>yin<span class=\"_ _c\"></span>g <span class=\"_ _6\"></span>amou<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>at <span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>1 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>cem<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _2f\"></span> <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>7.6  <span class=\"_ _215\"> </span>7<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Property and <span class=\"_ _3\"></span>equipment includes office buildings, computer <span class=\"_ _3\"></span>equipment, vehicles and furnit<span class=\"_ _3\"></span>ure and<span class=\"_ _36a\"> </span>fixtures. No type of property and <span class=\"_ _4\"></span>equipment is material.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-54": {
   "value": "E4  <span class=\"_ _8\"></span>Financial investments<span class=\"_ _36a\"> </span>(a) <span class=\"_ _6\"></span>Financial in<span class=\"_ _3\"></span>vestments b<span class=\"_ _3\"></span>y classification<span class=\"_ _36a\"> </span>The carrying amounts <span class=\"_ _4\"></span>of the financial investments and <span class=\"_ _3\"></span>other financial assets and liabilities held by<span class=\"_ _36a\"> </span>the Group at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date are as follows:<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _b1\"> </span>  <span class=\"_ _128\"> </span>Amor<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>ed  <span class=\"_ _eb\"> </span>FV<span class=\"_ _6\"></span>TPL <span class=\"_ _6\"></span>\u2013  <span class=\"_ _155\"> </span>F<span class=\"_ _6\"></span>V<span class=\"_ _c\"></span>TPL <span class=\"_ _6\"></span>\u2013  <span class=\"_ _171\"> </span>  <span class=\"_ _9f\"> </span>c<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>t  <span class=\"_ _11\"> </span>de<span class=\"_ _c\"></span>sig<span class=\"_ _c\"></span>nate<span class=\"_ _c\"></span>d  <span class=\"_ _13\"> </span>ma<span class=\"_ _c\"></span>nda<span class=\"_ _c\"></span>tor<span class=\"_ _c\"></span>y  <span class=\"_ _41\"> </span>Total <span class=\"_ _171\"> </span>  <span class=\"_ _b9\"> </span>\u00a3m  <span class=\"_ _32\"> </span>\u00a3m  <span class=\"_ _127\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Financial investments<span class=\"_ _36a\"> </span>Equity <span class=\"_ _c\"></span>securities <span class=\"_ _187\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _3e\"> </span>\u2013  <span class=\"_ _18b\"> </span>208<span class=\"_ _c\"></span>.2  <span class=\"_ _f2\"> </span>208.2<span class=\"_ _36a\"> </span>Holdings in collective inv<span class=\"_ _3\"></span>estment schemes <span class=\"_ _110\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _161\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _29\"> </span>9,388.4 <span class=\"_ _4\"></span> <span class=\"_ _163\"> </span>9,388.4<span class=\"_ _36a\"> </span>Debt securities \u2013 gov<span class=\"_ _3\"></span>ernment bonds <span class=\"_ _142\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _3f\"> </span>420<span class=\"_ _3\"></span>.3 <span class=\"_ _4\"></span> <span class=\"_ _109\"> </span>\u2013  <span class=\"_ _3c\"> </span>420.3<span class=\"_ _36a\"> </span>Debt <span class=\"_ _c\"></span>securities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>other <span class=\"_ _111\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _215\"> </span>635.1  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _11c\"> </span>63<span class=\"_ _3\"></span>5.1<span class=\"_ _36a\"> </span>Policyholder funds held by the Gr<span class=\"_ _3\"></span>oup <span class=\"_ _9b\"> </span>\u2013  <span class=\"_ _41\"> </span>2,939.3 <span class=\"_ _4\"></span> <span class=\"_ _109\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _138\"> </span>2,939<span class=\"_ _3\"></span>.3<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _161\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _134\"> </span>356.9  <span class=\"_ _66\"> </span>\u2013  <span class=\"_ _41\"> </span>356.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _142\"> </span>\u2013  <span class=\"_ _f9\"> </span>4<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>35<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.6  <span class=\"_ _157\"> </span>9,<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _18\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>94<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>De<span class=\"_ _c\"></span>riv<span class=\"_ _c\"></span>ati<span class=\"_ _c\"></span>ves a<span class=\"_ _c\"></span>nd ot<span class=\"_ _c\"></span>her fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>cia<span class=\"_ _c\"></span>l as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1c\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _129\"> </span>35.0  <span class=\"_ _109\"> </span>\u2013  <span class=\"_ _11d\"> </span>35.0<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _142\"> </span>\u2013  <span class=\"_ _3e\"> </span>\u2013  <span class=\"_ _43\"> </span>0.9  <span class=\"_ _e9\"> </span>0.9<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>assets <span class=\"_ _199\"> </span>  <span class=\"_ _aa\"> </span>58.8  <span class=\"_ _18a\"> </span>\u2013  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _18b\"> </span>58<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>Cash <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>equivalents <span class=\"_ _129\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _ea\"> </span>145<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _d3\"> </span>145.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal financial investment<span class=\"_ _c\"></span>s and financial asse<span class=\"_ _c\"></span>ts <span class=\"_ _17\"> </span>5<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _11d\"> </span>18<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _30\"> </span>0.<span class=\"_ _6\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _13a\"> </span>2<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Investment contr<span class=\"_ _3\"></span>acts at fair value through <span class=\"_ _c\"></span>profit <span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>loss <span class=\"_ _6\"></span> <span class=\"_ _116\"> </span>  <span class=\"_ _142\"> </span>\u2013  <span class=\"_ _d3\"> </span>6,717.0  <span class=\"_ _109\"> </span>\u2013  <span class=\"_ _3b\"> </span>6,71<span class=\"_ _c\"></span>7<span class=\"_ _4\"></span>.0<span class=\"_ _36a\"> </span>Liabilities relating to polic<span class=\"_ _3\"></span>yholder funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _6\"></span>Group <span class=\"_ _10a\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _41\"> </span>2,938.5  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _138\"> </span>2,938.5<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _23\"> </span>  <span class=\"_ _10e\"> </span>  <span class=\"_ _125\"> </span>0.1  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Borro<span class=\"_ _3\"></span>wings <span class=\"_ _1e\"> </span>  <span class=\"_ _96\"> </span>203.0  <span class=\"_ _161\"> </span>\u2013  <span class=\"_ _66\"> </span>\u2013  <span class=\"_ _f2\"> </span>203.0<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>current <span class=\"_ _c\"></span>liabilities <span class=\"_ _104\"> </span>  <span class=\"_ _16d\"> </span>129.5  <span class=\"_ _3e\"> </span>\u2013  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _f0\"> </span>129.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>financial <span class=\"_ _6\"></span>liabilities <span class=\"_ _c4\"> </span>  <span class=\"_ _16f\"> </span>332<span class=\"_ _6\"></span>.5  <span class=\"_ _29\"> </span>9,65<span class=\"_ _c\"></span>5.<span class=\"_ _6\"></span>5  <span class=\"_ _130\"> </span>0.1  <span class=\"_ _155\"> </span>9,<span class=\"_ _c\"></span>98<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _9f\"> </span>  <span class=\"_ _3a\"> </span>Am<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d  <span class=\"_ _139\"> </span>F<span class=\"_ _6\"></span>V<span class=\"_ _c\"></span>TPL <span class=\"_ _6\"></span>\u2013  <span class=\"_ _155\"> </span>F<span class=\"_ _6\"></span>V<span class=\"_ _c\"></span>TPL <span class=\"_ _6\"></span>\u2013  <span class=\"_ _171\"> </span>  <span class=\"_ _9f\"> </span>c<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>t  <span class=\"_ _11\"> </span>de<span class=\"_ _c\"></span>sig<span class=\"_ _c\"></span>nate<span class=\"_ _c\"></span>d  <span class=\"_ _13\"> </span>ma<span class=\"_ _c\"></span>nda<span class=\"_ _c\"></span>tor<span class=\"_ _c\"></span>y  <span class=\"_ _41\"> </span>Total <span class=\"_ _171\"> </span>  <span class=\"_ _b9\"> </span>\u00a3m  <span class=\"_ _32\"> </span>\u00a3m  <span class=\"_ _127\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Financial investments<span class=\"_ _36a\"> </span>Equity <span class=\"_ _c\"></span>securities <span class=\"_ _187\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _3e\"> </span>\u2013  <span class=\"_ _215\"> </span>191.5  <span class=\"_ _11f\"> </span>1<span class=\"_ _c\"></span>91.5<span class=\"_ _36a\"> </span>Holdings in collective inv<span class=\"_ _3\"></span>estment schemes <span class=\"_ _110\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _161\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>8,661.6 <span class=\"_ _4\"></span> <span class=\"_ _4e\"> </span>8,661.6<span class=\"_ _36a\"> </span>Debt securities \u2013 gov<span class=\"_ _3\"></span>ernment bonds <span class=\"_ _142\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _134\"> </span>4<span class=\"_ _c\"></span>46.1 <span class=\"_ _3\"></span> <span class=\"_ _109\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ef\"> </span>446.1<span class=\"_ _36a\"> </span>Debt <span class=\"_ _c\"></span>securities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>other <span class=\"_ _111\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _3f\"> </span>634<span class=\"_ _c\"></span>.7  <span class=\"_ _128\"> </span>10.<span class=\"_ _3\"></span>1  <span class=\"_ _f9\"> </span>644<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>Policyholder funds held by the Gr<span class=\"_ _3\"></span>oup <span class=\"_ _9b\"> </span>\u2013  <span class=\"_ _2a\"> </span>1,<span class=\"_ _c\"></span>825.8 <span class=\"_ _3\"></span> <span class=\"_ _109\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _157\"> </span>1,825.8<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _161\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _3f\"> </span>346.9  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _f2\"> </span>346.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _142\"> </span>\u2013  <span class=\"_ _29\"> </span>3<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>25<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _138\"> </span>8<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _e3\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>,1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>De<span class=\"_ _c\"></span>riv<span class=\"_ _c\"></span>ati<span class=\"_ _c\"></span>ves a<span class=\"_ _c\"></span>nd ot<span class=\"_ _c\"></span>her fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>cia<span class=\"_ _c\"></span>l as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1c\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _86\"> </span>34<span class=\"_ _c\"></span>.3  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _11d\"> </span>34.3<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _142\"> </span>\u2013  <span class=\"_ _3e\"> </span>\u2013  <span class=\"_ _125\"> </span>0.1  <span class=\"_ _129\"> </span>0.1<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>assets <span class=\"_ _199\"> </span>  <span class=\"_ _99\"> </span>68.7  <span class=\"_ _3e\"> </span>\u2013  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _e8\"> </span>68.7<span class=\"_ _36a\"> </span>Cash <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>equivalents <span class=\"_ _129\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _ea\"> </span>138<span class=\"_ _c\"></span>.0  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _ee\"> </span>138.0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal financial investment<span class=\"_ _c\"></span>s and financial asse<span class=\"_ _c\"></span>ts <span class=\"_ _f6\"> </span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _13a\"> </span>3,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5<span class=\"_ _6\"></span>.8 <span class=\"_ _3\"></span> <span class=\"_ _138\"> </span>8,<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _17\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>3<span class=\"_ _c\"></span>57.8<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Investment contr<span class=\"_ _3\"></span>acts at fair value through <span class=\"_ _c\"></span>profit <span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>loss <span class=\"_ _6\"></span> <span class=\"_ _116\"> </span>  <span class=\"_ _142\"> </span>\u2013  <span class=\"_ _11f\"> </span>6,116.7  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _29\"> </span>6,116.7<span class=\"_ _36a\"> </span>Liabilities relating to polic<span class=\"_ _3\"></span>yholder funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _6\"></span>Group <span class=\"_ _10a\"> </span>  <span class=\"_ _87\"> </span>\u2013  <span class=\"_ _d3\"> </span>1,825.5  <span class=\"_ _66\"> </span>\u2013  <span class=\"_ _3b\"> </span>1,<span class=\"_ _c\"></span>825.5<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _142\"> </span>\u2013  <span class=\"_ _3e\"> </span>\u2013  <span class=\"_ _130\"> </span>0.6 <span class=\"_ _3\"></span> <span class=\"_ _e9\"> </span>0.6<span class=\"_ _36a\"> </span>Borro<span class=\"_ _3\"></span>wings <span class=\"_ _1e\"> </span>  <span class=\"_ _16f\"> </span>204<span class=\"_ _c\"></span>.8  <span class=\"_ _3e\"> </span>\u2013  <span class=\"_ _107\"> </span>\u2013  <span class=\"_ _3c\"> </span>204<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>current <span class=\"_ _c\"></span>liabilities <span class=\"_ _104\"> </span>  <span class=\"_ _16d\"> </span>129.7  <span class=\"_ _161\"> </span>\u2013  <span class=\"_ _66\"> </span>\u2013  <span class=\"_ _d3\"> </span>129.7<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>financial <span class=\"_ _6\"></span>liabilities <span class=\"_ _c4\"> </span>  <span class=\"_ _1c1\"> </span>334<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _ec\"> </span>7<span class=\"_ _3\"></span>,9<span class=\"_ _c\"></span>42<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _3a\"> </span>0.<span class=\"_ _c\"></span>6  <span class=\"_ _e3\"> </span>8,<span class=\"_ _6\"></span>277<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue is the amount for which an asset <span class=\"_ _3\"></span>or liability could be e<span class=\"_ _4\"></span>xchanged between willing parties<span class=\"_ _36a\"> </span>in an arm\u2019<span class=\"_ _5\"></span>s length transaction. <span class=\"_ _5\"></span>The f<span class=\"_ _3\"></span>ollowing tables sho<span class=\"_ _3\"></span>w the determination of f<span class=\"_ _3\"></span>air value according<span class=\"_ _36a\"> </span>to a three-lev<span class=\"_ _3\"></span>el valuation hierarch<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>. Fair values are generally determined at prices quoted in activ<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>markets (L<span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>el 1). Howev<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>, where such information is not av<span class=\"_ _3\"></span>ailable, the Group applies valuation<span class=\"_ _36a\"> </span>techniques to measure such instruments. <span class=\"_ _2f\"></span>These valuation techniques mak<span class=\"_ _4\"></span>e use of market-observ<span class=\"_ _3\"></span>able<span class=\"_ _36a\"> </span>data for all significant inputs where possible (L<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>el 2), but in some cases it may be necessary<span class=\"_ _3\"></span> to estimate using data <span class=\"_ _3\"></span>other than market-observ<span class=\"_ _3\"></span>able data within a valuation model f<span class=\"_ _3\"></span>or significant<span class=\"_ _36a\"> </span>inputs (Le<span class=\"_ _3\"></span>vel 3).<span class=\"_ _36a\"> </span>Fair va<span class=\"_ _c\"></span>lue m<span class=\"_ _c\"></span>ea<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt at <span class=\"_ _11c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span>  <span class=\"_ _e3\"> </span>Level 1 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 2 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 3 <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>025 <span class=\"_ _b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _134\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>properties <span class=\"_ _10f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _3f\"> </span>9<span class=\"_ _c\"></span>1.0  <span class=\"_ _3f\"> </span>91.0<span class=\"_ _36a\"> </span>Financial asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Equities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>Listed <span class=\"_ _8c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _137\"> </span>208.0  <span class=\"_ _86\"> </span>0.1  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _137\"> </span>208.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Holdings <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>collectiv<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>schemes <span class=\"_ _3b\"> </span>  <span class=\"_ _13a\"> </span>9,17<span class=\"_ _4\"></span>6<span class=\"_ _c\"></span>.7  <span class=\"_ _123\"> </span>35.6  <span class=\"_ _11f\"> </span>176.1  <span class=\"_ _163\"> </span>9,<span class=\"_ _c\"></span>388.4<span class=\"_ _36a\"> </span>Debt <span class=\"_ _c\"></span>securities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>gov<span class=\"_ _3\"></span>ernment <span class=\"_ _c\"></span>bonds <span class=\"_ _120\"> </span>  <span class=\"_ _f2\"> </span>420.3  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _41\"> </span>420.3<span class=\"_ _36a\"> </span>Debt securities \u2013 other debt securities <span class=\"_ _130\"> </span>  <span class=\"_ _d3\"> </span>635.1 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _d3\"> </span>635.1<span class=\"_ _36a\"> </span>Policyholders\u2019 funds held by the Gr<span class=\"_ _3\"></span>oup <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _14c\"> </span>2<span class=\"_ _c\"></span>,864.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _e8\"> </span>7<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.5 <span class=\"_ _3\"></span> <span class=\"_ _eb\"> </span>2,939.3<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _161\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _ef\"> </span>356.9  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _ef\"> </span>356.9<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11d\"> </span>35.0  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11d\"> </span>35.0<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.9  <span class=\"_ _c4\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _16\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _29\"> </span>42<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>3<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.7  <span class=\"_ _1b\"> </span>14<span class=\"_ _6\"></span>,075<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Investment contr<span class=\"_ _3\"></span>acts at fair value through <span class=\"_ _c\"></span>profit <span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>loss <span class=\"_ _16b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _3b\"> </span>6,71<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.0  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _157\"> </span>6,71<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.0<span class=\"_ _36a\"> </span>Liabilities related t<span class=\"_ _4\"></span>o policyholders\u2019 funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _6\"></span>Group <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _22b\"> </span>2,938.5  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _22b\"> </span>2,938.5<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e3\"> </span>9,6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e3\"> </span>9,<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Fair va<span class=\"_ _c\"></span>lue m<span class=\"_ _c\"></span>ea<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt at <span class=\"_ _11c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span>  <span class=\"_ _e3\"> </span>Level 1 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 2 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 3 <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>024 <span class=\"_ _16d\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>properties <span class=\"_ _10f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _134\"> </span>91.7  <span class=\"_ _134\"> </span>9<span class=\"_ _c\"></span>1.7<span class=\"_ _36a\"> </span>Financial asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Equities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>Listed <span class=\"_ _8c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>191.5  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _18b\"> </span>191.5<span class=\"_ _36a\"> </span>Holdings <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>collectiv<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>schemes <span class=\"_ _3b\"> </span>  <span class=\"_ _4e\"> </span>8,454.1  <span class=\"_ _11d\"> </span>38.9  <span class=\"_ _d4\"> </span>168<span class=\"_ _c\"></span>.6  <span class=\"_ _157\"> </span>8,661.6<span class=\"_ _36a\"> </span>Debt <span class=\"_ _c\"></span>securities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>gov<span class=\"_ _3\"></span>ernment <span class=\"_ _c\"></span>bonds <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>44<span class=\"_ _c\"></span>6.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _d4\"> </span>446.1<span class=\"_ _36a\"> </span>Debt securities \u2013 other debt securities <span class=\"_ _130\"> </span>  <span class=\"_ _42\"> </span>644.8 <span class=\"_ _3\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _42\"> </span>644.8<span class=\"_ _36a\"> </span>Policyholders\u2019 funds held by the Gr<span class=\"_ _3\"></span>oup <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _29\"> </span>1,<span class=\"_ _3\"></span>781.6 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _11c\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.2 <span class=\"_ _4\"></span> <span class=\"_ _157\"> </span>1,825.8<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _161\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _f2\"> </span>346.9  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _f2\"> </span>346.9<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e8\"> </span>34<span class=\"_ _c\"></span>.3  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e8\"> </span>34<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1f9\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>5<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>8.<span class=\"_ _c\"></span>1  <span class=\"_ _29\"> </span>42<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _29\"> </span>304<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _18\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>24<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Investment contr<span class=\"_ _3\"></span>acts at fair value through <span class=\"_ _c\"></span>profit <span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>loss <span class=\"_ _16b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _44\"> </span>6<span class=\"_ _c\"></span>,1<span class=\"_ _c\"></span>16.7  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _44\"> </span>6,1<span class=\"_ _c\"></span>16.7<span class=\"_ _36a\"> </span>Liabilities related t<span class=\"_ _4\"></span>o policyholders\u2019 funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _6\"></span>Group <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _40\"> </span>1,825.5  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _3b\"> </span>1,825.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.6  <span class=\"_ _c4\"> </span>\u2013  <span class=\"_ _e5\"> </span>0.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _140\"> </span>7<span class=\"_ _4\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _140\"> </span>7<span class=\"_ _4\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>42<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span> <span class=\"_ _13\"> </span><span class=\"ff35\">E4  <span class=\"_ _8\"></span>Financial investments (continued)</span> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues (continued)<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment proper<span class=\"_ _4\"></span>ties<span class=\"_ _36a\"> </span>The in<span class=\"_ _3\"></span>vestment properties are v<span class=\"_ _3\"></span>alued by <span class=\"_ _4\"></span>external chartered survey<span class=\"_ _4\"></span>ors using industry standard<span class=\"_ _36a\"> </span>techniques based on guidance from the R<span class=\"_ _3\"></span>oy<span class=\"_ _3\"></span>al Institute of Chartered <span class=\"_ _4\"></span>Surve<span class=\"_ _3\"></span>yors. <span class=\"_ _2f\"></span>The v<span class=\"_ _3\"></span>aluation<span class=\"_ _36a\"> </span>methodology includes an assessment of general mark<span class=\"_ _3\"></span>et conditions and sector lev<span class=\"_ _3\"></span>el transactions<span class=\"_ _36a\"> </span>and takes account <span class=\"_ _3\"></span>of e<span class=\"_ _4\"></span>xpectat<span class=\"_ _c\"></span>ions of <span class=\"_ _4\"></span>occupancy rates, rental income and growth. Properties<span class=\"_ _36a\"> </span>undergo individual scrutiny using cash flo<span class=\"_ _4\"></span>w analysis to factor in the timing <span class=\"_ _3\"></span>of rental revie<span class=\"_ _3\"></span>ws, capital<span class=\"_ _36a\"> </span>expenditure, lease incentiv<span class=\"_ _4\"></span>es, dilapidat<span class=\"_ _c\"></span>ion and operating <span class=\"_ _3\"></span>expenses; these re<span class=\"_ _4\"></span>views utilise both<span class=\"_ _36a\"> </span>observable and unobserv<span class=\"_ _3\"></span>able inputs.<span class=\"_ _36a\"> </span>Holdings in collective in<span class=\"_ _3\"></span>vestment sc<span class=\"_ _4\"></span>hemes<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e hol<span class=\"_ _c\"></span>ding<span class=\"_ _c\"></span>s cl<span class=\"_ _c\"></span>assi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Leve<span class=\"_ _c\"></span>l 3 \u00a31<span class=\"_ _5\"></span>7<span class=\"_ _c\"></span>6.<span class=\"_ _3\"></span>1<span class=\"_ _4\"></span>m (<span class=\"_ _c\"></span>De<span class=\"_ _c\"></span>c 20<span class=\"_ _c\"></span>24: \u00a31<span class=\"_ _5\"></span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6m) rel<span class=\"_ _c\"></span>ate to Sc<span class=\"_ _c\"></span>ild<span class=\"_ _c\"></span>on, an<span class=\"_ _c\"></span>d represe<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>investm<span class=\"_ _c\"></span>ents he<span class=\"_ _c\"></span>ld in a mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge fun<span class=\"_ _c\"></span>d. T<span class=\"_ _c\"></span>hes<span class=\"_ _c\"></span>e are cla<span class=\"_ _c\"></span>ssi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Level 3 a<span class=\"_ _c\"></span>s the fai<span class=\"_ _c\"></span>r value i<span class=\"_ _c\"></span>s deri<span class=\"_ _c\"></span>ve<span class=\"_ _36a\"> </span>d<span class=\"_ _36a\"> </span>from val<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>on tech<span class=\"_ _c\"></span>nique<span class=\"_ _c\"></span>s that i<span class=\"_ _c\"></span>nclu<span class=\"_ _c\"></span>de inp<span class=\"_ _c\"></span>uts t<span class=\"_ _c\"></span>hat are n<span class=\"_ _c\"></span>ot base<span class=\"_ _c\"></span>d on o<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable m<span class=\"_ _c\"></span>arket dat<span class=\"_ _c\"></span>a.<span class=\"_ _36a\"> </span>P<span class=\"_ _3\"></span>olicyholder funds held by the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ere is als<span class=\"_ _c\"></span>o a small h<span class=\"_ _c\"></span>old<span class=\"_ _c\"></span>ing of as<span class=\"_ _c\"></span>sets c<span class=\"_ _c\"></span>las<span class=\"_ _c\"></span>sifi<span class=\"_ _c\"></span>ed a<span class=\"_ _c\"></span>s Level 3 \u00a3<span class=\"_ _c\"></span>74.5<span class=\"_ _c\"></span>m (<span class=\"_ _c\"></span>Dec 2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>24: \u00a34<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2m) from o<span class=\"_ _c\"></span>u<span class=\"_ _36a\"> </span>r<span class=\"_ _36a\"> </span>Moves<span class=\"_ _c\"></span>tic o<span class=\"_ _c\"></span>per<span class=\"_ _c\"></span>ation w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h are unlis<span class=\"_ _c\"></span>ted. T<span class=\"_ _c\"></span>he va<span class=\"_ _c\"></span>luati<span class=\"_ _c\"></span>on of the v<span class=\"_ _c\"></span>ast m<span class=\"_ _c\"></span>ajor<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y of the<span class=\"_ _c\"></span>se ass<span class=\"_ _c\"></span>ets is b<span class=\"_ _c\"></span>ased<span class=\"_ _36a\"> </span>on uno<span class=\"_ _c\"></span>bse<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vab<span class=\"_ _c\"></span>le pr<span class=\"_ _c\"></span>ice<span class=\"_ _c\"></span>s from tr<span class=\"_ _c\"></span>adin<span class=\"_ _c\"></span>g on the ove<span class=\"_ _c\"></span>r-the<span class=\"_ _6\"></span>-<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>unter ma<span class=\"_ _c\"></span>rket.<span class=\"_ _36a\"> </span>Debt secur<span class=\"_ _3\"></span>ities<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e debt s<span class=\"_ _c\"></span>ecu<span class=\"_ _c\"></span>ritie<span class=\"_ _c\"></span>s cla<span class=\"_ _c\"></span>ssi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Leve<span class=\"_ _c\"></span>l 2 at 2024 an<span class=\"_ _c\"></span>d 2025 are tr<span class=\"_ _c\"></span>ade<span class=\"_ _c\"></span>d in ac<span class=\"_ _c\"></span>tive m<span class=\"_ _c\"></span>arkets w<span class=\"_ _c\"></span>ith le<span class=\"_ _c\"></span>ss<span class=\"_ _36a\"> </span>dept<span class=\"_ _c\"></span>h or wi<span class=\"_ _c\"></span>der b<span class=\"_ _c\"></span>id<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>ask sprea<span class=\"_ _c\"></span>ds. T<span class=\"_ _c\"></span>his d<span class=\"_ _c\"></span>oe<span class=\"_ _c\"></span>s not meet t<span class=\"_ _c\"></span>he cl<span class=\"_ _c\"></span>assi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>cat<span class=\"_ _c\"></span>ion as L<span class=\"_ _c\"></span>evel 1 inp<span class=\"_ _c\"></span>uts. T<span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>e fair<span class=\"_ _36a\"> </span>value<span class=\"_ _c\"></span>s of debt s<span class=\"_ _c\"></span>ecu<span class=\"_ _c\"></span>riti<span class=\"_ _c\"></span>es not tr<span class=\"_ _c\"></span>ade<span class=\"_ _c\"></span>d in ac<span class=\"_ _c\"></span>tive m<span class=\"_ _c\"></span>arkets are deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g broker qu<span class=\"_ _c\"></span>otes or<span class=\"_ _36a\"> </span>valu<span class=\"_ _c\"></span>ation te<span class=\"_ _c\"></span>chniq<span class=\"_ _c\"></span>ues w<span class=\"_ _c\"></span>ith o<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable m<span class=\"_ _c\"></span>arket inpu<span class=\"_ _c\"></span>ts. F<span class=\"_ _c\"></span>inan<span class=\"_ _c\"></span>cia<span class=\"_ _c\"></span>l instr<span class=\"_ _c\"></span>ument<span class=\"_ _c\"></span>s value<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g broker<span class=\"_ _36a\"> </span>quotes are c<span class=\"_ _c\"></span>las<span class=\"_ _c\"></span>sifi<span class=\"_ _c\"></span>ed a<span class=\"_ _c\"></span>t Level 2, o<span class=\"_ _c\"></span>nly w<span class=\"_ _c\"></span>here the<span class=\"_ _c\"></span>re is a suffi<span class=\"_ _c\"></span>ci<span class=\"_ _c\"></span>ent ran<span class=\"_ _c\"></span>ge of avai<span class=\"_ _c\"></span>lab<span class=\"_ _c\"></span>le qu<span class=\"_ _c\"></span>otes.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ese as<span class=\"_ _c\"></span>sets were va<span class=\"_ _c\"></span>lued u<span class=\"_ _c\"></span>sing c<span class=\"_ _c\"></span>ounter<span class=\"_ _c\"></span>pa<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y or bro<span class=\"_ _c\"></span>ker quotes and a<span class=\"_ _c\"></span>re per<span class=\"_ _c\"></span>iod<span class=\"_ _c\"></span>ic<span class=\"_ _c\"></span>ally v<span class=\"_ _c\"></span>alid<span class=\"_ _c\"></span>ated<span class=\"_ _36a\"> </span>against third<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>par<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y models<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>Der<span class=\"_ _3\"></span>iv<span class=\"_ _4\"></span>ative financial instruments<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e der<span class=\"_ _c\"></span>ivat<span class=\"_ _c\"></span>ives fi<span class=\"_ _c\"></span>nanc<span class=\"_ _c\"></span>ial i<span class=\"_ _c\"></span>nstru<span class=\"_ _c\"></span>ment<span class=\"_ _c\"></span>s inclu<span class=\"_ _c\"></span>de a forei<span class=\"_ _c\"></span>gn cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y hed<span class=\"_ _c\"></span>ge rel<span class=\"_ _c\"></span>ated to the G<span class=\"_ _c\"></span>roup. T<span class=\"_ _c\"></span>he hed<span class=\"_ _c\"></span>ge w<span class=\"_ _c\"></span>as renewe<span class=\"_ _c\"></span>d in Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5, fro<span class=\"_ _c\"></span>m whi<span class=\"_ _c\"></span>ch po<span class=\"_ _c\"></span>int a hed<span class=\"_ _c\"></span>gin<span class=\"_ _c\"></span>g relat<span class=\"_ _c\"></span>ionsh<span class=\"_ _c\"></span>ip was<span class=\"_ _36a\"> </span>desi<span class=\"_ _c\"></span>gnate<span class=\"_ _c\"></span>d. T<span class=\"_ _c\"></span>he forei<span class=\"_ _c\"></span>gn cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y hed<span class=\"_ _c\"></span>ge is b<span class=\"_ _c\"></span>eing u<span class=\"_ _c\"></span>sed as a n<span class=\"_ _c\"></span>et investm<span class=\"_ _c\"></span>ent hed<span class=\"_ _c\"></span>ge to m<span class=\"_ _c\"></span>anag<span class=\"_ _c\"></span>e the<span class=\"_ _36a\"> </span>imp<span class=\"_ _c\"></span>act of fore<span class=\"_ _c\"></span>ign excha<span class=\"_ _c\"></span>nge m<span class=\"_ _c\"></span>ovement<span class=\"_ _c\"></span>s bet<span class=\"_ _c\"></span>wee<span class=\"_ _c\"></span>n sterlin<span class=\"_ _c\"></span>g and b<span class=\"_ _c\"></span>oth the e<span class=\"_ _c\"></span>uro and Swe<span class=\"_ _c\"></span>dish k<span class=\"_ _c\"></span>rona<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>It inc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>es co<span class=\"_ _c\"></span>llar<span class=\"_ _c\"></span>s whic<span class=\"_ _c\"></span>h co<span class=\"_ _c\"></span>nsist<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>wo hed<span class=\"_ _c\"></span>ges: <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>one hedge to protect against the downside (sterling strengthening) (starting at strik<span class=\"_ _3\"></span>e A), and <span class=\"_ _3\"></span>one to remov<span class=\"_ _3\"></span>e the upside (weak<span class=\"_ _3\"></span>ening) (strike B); with the strik<span class=\"_ _4\"></span>es of these coordinated to result in no<span class=\"_ _36a\"> </span>upfront premium. <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>the second hedge (strike B) creates a liquidity requirement when it bites.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e ca<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>ed co<span class=\"_ _c\"></span>lla<span class=\"_ _c\"></span>r com<span class=\"_ _c\"></span>es wi<span class=\"_ _c\"></span>th an ad<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>iona<span class=\"_ _c\"></span>l leg w<span class=\"_ _c\"></span>hich c<span class=\"_ _c\"></span>reates va<span class=\"_ _c\"></span>lue an<span class=\"_ _c\"></span>d liqui<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>y w<span class=\"_ _c\"></span>hen exch<span class=\"_ _c\"></span>ange<span class=\"_ _36a\"> </span>rates move b<span class=\"_ _c\"></span>eyond a c<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ain p<span class=\"_ _c\"></span>oint (str<span class=\"_ _c\"></span>ike C).<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ere is an ec<span class=\"_ _c\"></span>ono<span class=\"_ _c\"></span>mic rel<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>nship b<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>ween th<span class=\"_ _c\"></span>e hed<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>d item and t<span class=\"_ _c\"></span>he he<span class=\"_ _c\"></span>dgi<span class=\"_ _c\"></span>ng inst<span class=\"_ _c\"></span>rume<span class=\"_ _c\"></span>nt as the<span class=\"_ _36a\"> </span>net investm<span class=\"_ _c\"></span>ent cre<span class=\"_ _c\"></span>ates a tran<span class=\"_ _c\"></span>slat<span class=\"_ _c\"></span>ion ri<span class=\"_ _c\"></span>sk that w<span class=\"_ _c\"></span>ill ma<span class=\"_ _c\"></span>tch the forei<span class=\"_ _c\"></span>gn exchan<span class=\"_ _c\"></span>ge ri<span class=\"_ _c\"></span>sk on the c<span class=\"_ _c\"></span>oll<span class=\"_ _c\"></span>ar<span class=\"_ _3\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e Grou<span class=\"_ _c\"></span>p has es<span class=\"_ _c\"></span>tab<span class=\"_ _c\"></span>lish<span class=\"_ _c\"></span>ed a he<span class=\"_ _c\"></span>dge r<span class=\"_ _c\"></span>atio of 1:<span class=\"_ _4\"></span>1 as t<span class=\"_ _c\"></span>he und<span class=\"_ _c\"></span>erl<span class=\"_ _c\"></span>yin<span class=\"_ _c\"></span>g risk of th<span class=\"_ _c\"></span>e hed<span class=\"_ _c\"></span>gin<span class=\"_ _c\"></span>g instr<span class=\"_ _c\"></span>ume<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>is ide<span class=\"_ _c\"></span>ntic<span class=\"_ _c\"></span>al to the he<span class=\"_ _c\"></span>dg<span class=\"_ _c\"></span>ed r<span class=\"_ _c\"></span>isk com<span class=\"_ _c\"></span>po<span class=\"_ _c\"></span>nent. T<span class=\"_ _c\"></span>he h<span class=\"_ _c\"></span>ed<span class=\"_ _c\"></span>ge ine<span class=\"_ _c\"></span>ffec<span class=\"_ _c\"></span>tiven<span class=\"_ _c\"></span>ess w<span class=\"_ _c\"></span>ill ari<span class=\"_ _c\"></span>se if the a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt of the invest<span class=\"_ _c\"></span>ment in t<span class=\"_ _c\"></span>he foreig<span class=\"_ _c\"></span>n subsi<span class=\"_ _c\"></span>diar<span class=\"_ _6\"></span>y was to bec<span class=\"_ _c\"></span>om<span class=\"_ _c\"></span>e lower th<span class=\"_ _c\"></span>an the n<span class=\"_ _c\"></span>omin<span class=\"_ _c\"></span>al amo<span class=\"_ _c\"></span>unt of the collar<span class=\"_ _3\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e net investm<span class=\"_ _c\"></span>ent he<span class=\"_ _c\"></span>dge<span class=\"_ _c\"></span>s were ass<span class=\"_ _c\"></span>esse<span class=\"_ _c\"></span>d to be hig<span class=\"_ _c\"></span>hly e<span class=\"_ _c\"></span>ffec<span class=\"_ _c\"></span>tive at 31 D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r 20<span class=\"_ _c\"></span>25 an<span class=\"_ _c\"></span>d a net<span class=\"_ _36a\"> </span>unreal<span class=\"_ _c\"></span>ised l<span class=\"_ _c\"></span>oss of \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _4\"></span>1<span class=\"_ _3\"></span>m has b<span class=\"_ _c\"></span>een re<span class=\"_ _c\"></span>cord<span class=\"_ _c\"></span>ed in t<span class=\"_ _c\"></span>he tran<span class=\"_ _c\"></span>slat<span class=\"_ _c\"></span>ion rese<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>ve.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e grou<span class=\"_ _c\"></span>p\u2019<span class=\"_ _3\"></span>s curre<span class=\"_ _c\"></span>ncy r<span class=\"_ _c\"></span>isk man<span class=\"_ _c\"></span>ag<span class=\"_ _c\"></span>ement s<span class=\"_ _c\"></span>trateg<span class=\"_ _c\"></span>y is ou<span class=\"_ _c\"></span>tlin<span class=\"_ _c\"></span>ed in th<span class=\"_ _c\"></span>e risk ma<span class=\"_ _c\"></span>nag<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt sec<span class=\"_ _c\"></span>tion of t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al st<span class=\"_ _c\"></span>atement<span class=\"_ _c\"></span>s, und<span class=\"_ _c\"></span>er th<span class=\"_ _c\"></span>e \u2018Invest<span class=\"_ _c\"></span>ment an<span class=\"_ _c\"></span>d Li<span class=\"_ _c\"></span>quid<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y Ris<span class=\"_ _c\"></span>k<span class=\"_ _c\"></span>\u2019 sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n. A<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>lic<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>ns of the s<span class=\"_ _c\"></span>trateg<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>and too<span class=\"_ _c\"></span>ls use<span class=\"_ _c\"></span>d to man<span class=\"_ _c\"></span>age t<span class=\"_ _c\"></span>he cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y tran<span class=\"_ _c\"></span>slati<span class=\"_ _c\"></span>on risk a<span class=\"_ _c\"></span>re covere<span class=\"_ _c\"></span>d in the fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>cial r<span class=\"_ _c\"></span>isk dis<span class=\"_ _c\"></span>clo<span class=\"_ _c\"></span>sure<span class=\"_ _36a\"> </span>Note B<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>(a)(<span class=\"_ _c\"></span>iv). T<span class=\"_ _c\"></span>he he<span class=\"_ _c\"></span>dge c<span class=\"_ _c\"></span>reates an u<span class=\"_ _c\"></span>nce<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tai<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>y aroun<span class=\"_ _c\"></span>d future c<span class=\"_ _c\"></span>ash fl<span class=\"_ _c\"></span>ows t<span class=\"_ _c\"></span>hroug<span class=\"_ _c\"></span>h coll<span class=\"_ _c\"></span>ateral p<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>ted<span class=\"_ _36a\"> </span>for the d<span class=\"_ _c\"></span>eriv<span class=\"_ _c\"></span>ative, w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h fluc<span class=\"_ _c\"></span>tua<span class=\"_ _c\"></span>tes in line w<span class=\"_ _c\"></span>ith fl<span class=\"_ _c\"></span>uct<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>ons in th<span class=\"_ _c\"></span>e der<span class=\"_ _c\"></span>ivat<span class=\"_ _c\"></span>ive lia<span class=\"_ _c\"></span>bilit<span class=\"_ _6\"></span>y and creates<span class=\"_ _36a\"> </span>an unc<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ain, un<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>ed li<span class=\"_ _c\"></span>quid<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y req<span class=\"_ _c\"></span>uireme<span class=\"_ _c\"></span>nt when i<span class=\"_ _c\"></span>t bites<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _22c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _17\"> </span>C<span class=\"_ _c\"></span>hang<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>Net investment in foreign operations<span class=\"ls1 ws76\"> <span class=\"_ _214\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _2a\"> </span>v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>use<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span></span> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _cb\"> </span>for <span class=\"_ _6\"></span>measuring  <span class=\"_ _132\"> </span>Change <span class=\"_ _6\"></span>in <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _119\"> </span>Notional  <span class=\"_ _e5\"> </span>C<span class=\"_ _c\"></span>arry<span class=\"_ _c\"></span>ing  <span class=\"_ _b\"> </span>inef<span class=\"_ _c\"></span>fec<span class=\"_ _c\"></span>tivene<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>fair <span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>alue <span class=\"_ _c\"></span>o<span class=\"_ _c\"></span>f <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _128\"> </span>amou<span class=\"_ _c\"></span>nt  <span class=\"_ _128\"> </span>am<span class=\"_ _c\"></span>ount  <span class=\"_ _42\"> </span>for <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>yea<span class=\"_ _c\"></span>r  <span class=\"_ _14c\"> </span>h<span class=\"_ _c\"></span>edg<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>ite<span class=\"_ _c\"></span>m <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Hedging ins<span class=\"_ _c\"></span>trument included in derivative financial instrument<span class=\"_ _c\"></span>s in the Statement of Financial Position<span class=\"_ _36a\"> </span>Uncapped <span class=\"_ _c\"></span>collar <span class=\"_ _1d0\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>42<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.6  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _16b\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013<span class=\"_ _36a\"> </span>Hedged item<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>for<span class=\"_ _3\"></span>eign <span class=\"_ _c\"></span>subsidiaries <span class=\"_ _22d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.<span class=\"_ _36a\"> </span>9<span class=\"_ _36a\"> </span>There are no comparativ<span class=\"_ _3\"></span>es as the hedging relationship was designated in December 2025.<span class=\"_ _36a\"> </span>W<span class=\"_ _c\"></span>ithin d<span class=\"_ _c\"></span>eri<span class=\"_ _c\"></span>vati<span class=\"_ _c\"></span>ve fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al inst<span class=\"_ _c\"></span>rume<span class=\"_ _c\"></span>nts is a fi<span class=\"_ _c\"></span>nanc<span class=\"_ _c\"></span>ial rei<span class=\"_ _c\"></span>nsura<span class=\"_ _c\"></span>nce em<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>dd<span class=\"_ _c\"></span>ed de<span class=\"_ _c\"></span>riv<span class=\"_ _c\"></span>ative rel<span class=\"_ _c\"></span>ated to our M<span class=\"_ _c\"></span>ovestic o<span class=\"_ _c\"></span>pe<span class=\"_ _c\"></span>ratio<span class=\"_ _c\"></span>n. T<span class=\"_ _c\"></span>he Gro<span class=\"_ _c\"></span>up ha<span class=\"_ _c\"></span>s entered into a reinsu<span class=\"_ _c\"></span>ranc<span class=\"_ _c\"></span>e co<span class=\"_ _c\"></span>ntrac<span class=\"_ _c\"></span>t wi<span class=\"_ _c\"></span>th a third p<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>that h<span class=\"_ _c\"></span>as a sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n that is d<span class=\"_ _c\"></span>eem<span class=\"_ _c\"></span>ed to tr<span class=\"_ _c\"></span>ansfer si<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>fic<span class=\"_ _c\"></span>ant insu<span class=\"_ _c\"></span>ranc<span class=\"_ _c\"></span>e risk a<span class=\"_ _c\"></span>nd a sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n that i<span class=\"_ _c\"></span>s deem<span class=\"_ _c\"></span>ed<span class=\"_ _36a\"> </span>not to tran<span class=\"_ _c\"></span>sfer sig<span class=\"_ _c\"></span>nifi<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ant insur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e risk<span class=\"_ _c\"></span>. Th<span class=\"_ _c\"></span>e elem<span class=\"_ _c\"></span>ent of the c<span class=\"_ _c\"></span>ontr<span class=\"_ _c\"></span>act t<span class=\"_ _c\"></span>hat do<span class=\"_ _c\"></span>es not t<span class=\"_ _c\"></span>rans<span class=\"_ _c\"></span>fer<span class=\"_ _36a\"> </span>signi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>nt insura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>isk has t<span class=\"_ _c\"></span>w<span class=\"_ _c\"></span>o com<span class=\"_ _c\"></span>pon<span class=\"_ _c\"></span>ents an<span class=\"_ _c\"></span>d has b<span class=\"_ _c\"></span>een a<span class=\"_ _c\"></span>cc<span class=\"_ _c\"></span>ounted for a<span class=\"_ _c\"></span>s a fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al lia<span class=\"_ _c\"></span>bilit<span class=\"_ _6\"></span>y<span class=\"_ _36a\"> </span>at amo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tise<span class=\"_ _c\"></span>d cos<span class=\"_ _c\"></span>t and an e<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>dd<span class=\"_ _c\"></span>ed d<span class=\"_ _c\"></span>eriv<span class=\"_ _c\"></span>ative a<span class=\"_ _c\"></span>sset at fa<span class=\"_ _c\"></span>ir valu<span class=\"_ _c\"></span>e.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e emb<span class=\"_ _c\"></span>ed<span class=\"_ _c\"></span>ded d<span class=\"_ _c\"></span>eri<span class=\"_ _c\"></span>vati<span class=\"_ _c\"></span>ve represe<span class=\"_ _c\"></span>nts an o<span class=\"_ _c\"></span>ptio<span class=\"_ _c\"></span>n to repay th<span class=\"_ _c\"></span>e amou<span class=\"_ _c\"></span>nts du<span class=\"_ _c\"></span>e unde<span class=\"_ _c\"></span>r the c<span class=\"_ _c\"></span>ontra<span class=\"_ _c\"></span>ct e<span class=\"_ _c\"></span>arl<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>at a disc<span class=\"_ _c\"></span>ount to th<span class=\"_ _c\"></span>e amo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tise<span class=\"_ _c\"></span>d cos<span class=\"_ _c\"></span>t, w<span class=\"_ _c\"></span>ith it<span class=\"_ _c\"></span>s fair va<span class=\"_ _c\"></span>lue be<span class=\"_ _c\"></span>ing deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d by referenc<span class=\"_ _c\"></span>e to market<span class=\"_ _36a\"> </span>interest ra<span class=\"_ _c\"></span>te at the year-<span class=\"_ _6\"></span>end date. I<span class=\"_ _c\"></span>t is, ac<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>rding<span class=\"_ _c\"></span>ly, determine<span class=\"_ _c\"></span>d at Level 2 i<span class=\"_ _c\"></span>n the thre<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>l<span class=\"_ _c\"></span>evel fair<span class=\"_ _36a\"> </span>value d<span class=\"_ _c\"></span>etermi<span class=\"_ _c\"></span>natio<span class=\"_ _c\"></span>n hier<span class=\"_ _c\"></span>archy. Furth<span class=\"_ _c\"></span>er det<span class=\"_ _c\"></span>ail c<span class=\"_ _c\"></span>an b<span class=\"_ _c\"></span>e found in N<span class=\"_ _c\"></span>ote E5<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment contract liabilities<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e investm<span class=\"_ _c\"></span>ent cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t lia<span class=\"_ _c\"></span>bilit<span class=\"_ _c\"></span>ies in L<span class=\"_ _c\"></span>evel 2 of the val<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>on hier<span class=\"_ _c\"></span>archy rep<span class=\"_ _c\"></span>resent th<span class=\"_ _c\"></span>e fair va<span class=\"_ _c\"></span>lue of linked and n<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>linked liabi<span class=\"_ _c\"></span>litie<span class=\"_ _c\"></span>s value<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g est<span class=\"_ _c\"></span>abl<span class=\"_ _c\"></span>ished a<span class=\"_ _c\"></span>ctu<span class=\"_ _c\"></span>ari<span class=\"_ _c\"></span>al tech<span class=\"_ _c\"></span>nique<span class=\"_ _c\"></span>s utili<span class=\"_ _c\"></span>sing m<span class=\"_ _c\"></span>arket<span class=\"_ _36a\"> </span>obs<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>va<span class=\"_ _c\"></span>ble d<span class=\"_ _c\"></span>ata fo<span class=\"_ _c\"></span>r all sig<span class=\"_ _c\"></span>nifi<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ant inpu<span class=\"_ _c\"></span>ts, s<span class=\"_ _c\"></span>uch as i<span class=\"_ _c\"></span>nvestme<span class=\"_ _c\"></span>nt yiel<span class=\"_ _c\"></span>ds.<span class=\"_ _36a\"> </span>Significant unobserv<span class=\"_ _3\"></span>able inputs in Level 3 instr<span class=\"_ _4\"></span>uments valuations<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e Level 3 ins<span class=\"_ _c\"></span>trum<span class=\"_ _c\"></span>ents h<span class=\"_ _c\"></span>eld in th<span class=\"_ _c\"></span>e Grou<span class=\"_ _c\"></span>p are in relat<span class=\"_ _c\"></span>ion to invest<span class=\"_ _c\"></span>ment<span class=\"_ _c\"></span>s held i<span class=\"_ _c\"></span>n an Aeg<span class=\"_ _c\"></span>on m<span class=\"_ _c\"></span>ana<span class=\"_ _c\"></span>ged<span class=\"_ _36a\"> </span>Dutc<span class=\"_ _c\"></span>h Mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tgag<span class=\"_ _c\"></span>e Fund t<span class=\"_ _c\"></span>hat c<span class=\"_ _c\"></span>onta<span class=\"_ _c\"></span>ins mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tgag<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>backed a<span class=\"_ _c\"></span>ssets i<span class=\"_ _c\"></span>n the N<span class=\"_ _c\"></span>ether<span class=\"_ _c\"></span>land<span class=\"_ _c\"></span>s. T<span class=\"_ _c\"></span>he fai<span class=\"_ _c\"></span>r value<span class=\"_ _36a\"> </span>of the mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge fun<span class=\"_ _c\"></span>d is deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d by the fu<span class=\"_ _c\"></span>nd man<span class=\"_ _c\"></span>ag<span class=\"_ _c\"></span>er on a mo<span class=\"_ _c\"></span>nthl<span class=\"_ _c\"></span>y basi<span class=\"_ _c\"></span>s using a<span class=\"_ _c\"></span>n in<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>ouse<span class=\"_ _36a\"> </span>valu<span class=\"_ _c\"></span>ation m<span class=\"_ _c\"></span>od<span class=\"_ _c\"></span>el. T<span class=\"_ _c\"></span>he va<span class=\"_ _c\"></span>luati<span class=\"_ _c\"></span>on mo<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>l relies on a n<span class=\"_ _c\"></span>umb<span class=\"_ _c\"></span>er of uno<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable i<span class=\"_ _c\"></span>nput<span class=\"_ _c\"></span>s, th<span class=\"_ _c\"></span>e most<span class=\"_ _36a\"> </span>signi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>nt bein<span class=\"_ _c\"></span>g the as<span class=\"_ _c\"></span>sume<span class=\"_ _c\"></span>d con<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>iona<span class=\"_ _c\"></span>l prep<span class=\"_ _c\"></span>aym<span class=\"_ _c\"></span>ent rate, the d<span class=\"_ _c\"></span>isc<span class=\"_ _c\"></span>ount ra<span class=\"_ _c\"></span>te and the im<span class=\"_ _c\"></span>pa<span class=\"_ _c\"></span>irme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>rate, all of w<span class=\"_ _c\"></span>hich a<span class=\"_ _c\"></span>re app<span class=\"_ _c\"></span>lied to th<span class=\"_ _c\"></span>e antic<span class=\"_ _c\"></span>ipa<span class=\"_ _c\"></span>ted mo<span class=\"_ _c\"></span>dell<span class=\"_ _c\"></span>ed c<span class=\"_ _c\"></span>ash fl<span class=\"_ _c\"></span>ows to de<span class=\"_ _c\"></span>rive th<span class=\"_ _c\"></span>e fair va<span class=\"_ _c\"></span>lue of the<span class=\"_ _36a\"> </span>underlyin<span class=\"_ _c\"></span>g asset.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e assum<span class=\"_ _c\"></span>ed C<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>diti<span class=\"_ _c\"></span>onal P<span class=\"_ _c\"></span>rep<span class=\"_ _c\"></span>aym<span class=\"_ _c\"></span>ent Rate (C<span class=\"_ _c\"></span>P<span class=\"_ _c\"></span>R) is us<span class=\"_ _c\"></span>ed to ca<span class=\"_ _c\"></span>lcul<span class=\"_ _c\"></span>ate the p<span class=\"_ _c\"></span>rojec<span class=\"_ _c\"></span>ted pre<span class=\"_ _c\"></span>pay<span class=\"_ _c\"></span>ment<span class=\"_ _36a\"> </span>ca<span class=\"_ _c\"></span>sh flow p<span class=\"_ _c\"></span>er in<span class=\"_ _c\"></span>div<span class=\"_ _c\"></span>idu<span class=\"_ _c\"></span>al lo<span class=\"_ _c\"></span>an and re<span class=\"_ _c\"></span>fle<span class=\"_ _c\"></span>cts t<span class=\"_ _c\"></span>he antic<span class=\"_ _c\"></span>ip<span class=\"_ _c\"></span>ated ea<span class=\"_ _c\"></span>rly re<span class=\"_ _c\"></span>pay<span class=\"_ _c\"></span>ment of mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge b<span class=\"_ _c\"></span>alan<span class=\"_ _c\"></span>ces<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e CP<span class=\"_ _c\"></span>R is ba<span class=\"_ _c\"></span>sed on fo<span class=\"_ _c\"></span>ur var<span class=\"_ _c\"></span>iab<span class=\"_ _c\"></span>les:<span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _c\"></span>Contract age \u2013 T<span class=\"_ _3\"></span>he CPR for ne<span class=\"_ _4\"></span>wly originated mortgage loans will initially be low<span class=\"_ _5\"></span>, after which it increases for a couple <span class=\"_ _3\"></span>of <span class=\"_ _4\"></span>years to its maximum <span class=\"_ _4\"></span>expected value, and subsequently diminishes<span class=\"_ _36a\"> </span>ov<span class=\"_ _3\"></span>er time.<span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Interest rate diff<span class=\"_ _3\"></span>erential \u2013 <span class=\"_ _4\"></span>The diff<span class=\"_ _3\"></span>erence between the contractual rates and current interest rates<span class=\"_ _36a\"> </span>are positively correlated with prepa<span class=\"_ _4\"></span>yments. <span class=\"_ _5\"></span>When contractual rates are higher than interest rates<span class=\"_ _36a\"> </span>of newly <span class=\"_ _3\"></span>originated mortgages, we <span class=\"_ _4\"></span>observe more prepayments and the vice versa.<span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Previous partial repa<span class=\"_ _3\"></span>yments \u2013 <span class=\"_ _4\"></span>Borrow<span class=\"_ _4\"></span>ers who made a partial prepayment in the past, are more likely<span class=\"_ _36a\"> </span>to do so in the future.<span class=\"_ _28\"></span><span class=\"_ _28\"> </span>\u2013 <span class=\"_ _6\"></span>Burnout eff<span class=\"_ _4\"></span>ect \u2013 B<span class=\"_ _4\"></span>orrowers who ha<span class=\"_ _4\"></span>ve not made a prepayment in the past, while their option to prepa<span class=\"_ _4\"></span>y<span class=\"_ _36a\"> </span>was in the mone<span class=\"_ _3\"></span>y<span class=\"_ _4\"></span>, are less likely to prepa<span class=\"_ _3\"></span>y in the future.<span class=\"_ _36a\"> </span>The projected prepa<span class=\"_ _3\"></span>yment cash flows per loan are then combined to deriv<span class=\"_ _3\"></span>e an av<span class=\"_ _4\"></span>erage expected<span class=\"_ _36a\"> </span>lif<span class=\"_ _3\"></span>etime CPR, which is then applied to the outstanding balance <span class=\"_ _3\"></span>of the fund. <span class=\"_ _2f\"></span>The CP<span class=\"_ _c\"></span>R used in the<span class=\"_ _36a\"> </span>valuation <span class=\"_ _3\"></span>of the fund as at 3<span class=\"_ _4\"></span>1 December 2025 was 3.9% (3<span class=\"_ _4\"></span>1 December 2024: 3.<span class=\"_ _4\"></span>7%).<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>expected projected cash flo<span class=\"_ _4\"></span>ws for each mortgage within the loan portfolio are discounted using<span class=\"_ _36a\"> </span>rates that are derived using a matrix in<span class=\"_ _3\"></span>volving the f<span class=\"_ _3\"></span>ollowing three parameters:<span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>The remaining fix<span class=\"_ _3\"></span>ed rate term of the mortgage<span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Index<span class=\"_ _3\"></span>ed Loan to <span class=\"_ _5\"></span>V<span class=\"_ _3\"></span>alue (L<span class=\"_ _5\"></span>TV) of each mortgage<span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Current (A<span class=\"_ _4\"></span>egon) mortgage rates<span class=\"_ _36a\"> </span>At 3<span class=\"_ _4\"></span>1 December 2025 this resulted in discounting the cash flows in each mortgage using a range<span class=\"_ _36a\"> </span>from 3.81<span class=\"_ _2f\"></span>% to 4.70% (3<span class=\"_ _4\"></span>1 December 2024: 4.06% to 4.26%).<span class=\"_ _36a\"> </span>An impairment percentage is applied to those loan cash flows which are in arrears, to reflect the<span class=\"_ _36a\"> </span>chance of the loan actually going into def<span class=\"_ _4\"></span>ault. For those loans which are 1, 2 or 3 months in ar<span class=\"_ _3\"></span>rears,<span class=\"_ _36a\"> </span>an impairment percentage is applied to reflect the chance of def<span class=\"_ _3\"></span>ault. <span class=\"_ _2f\"></span>This percentage ranges from<span class=\"_ _36a\"> </span>0.60% for 1 month in arrears to 1<span class=\"_ _4\"></span>3.70% for loans which are 3 months in ar<span class=\"_ _3\"></span>rears (3<span class=\"_ _4\"></span>1 December 2024:<span class=\"_ _36a\"> </span>0.60% for 1 month in arrears to 1<span class=\"_ _4\"></span>3.<span class=\"_ _5\"></span>70% for loans which are 3 months in arrears). Loans which are in default receiv<span class=\"_ _3\"></span>e a 1<span class=\"_ _4\"></span>0<span class=\"_ _c\"></span>0% reduction in value.<span class=\"_ _36a\"> </span>The v<span class=\"_ _3\"></span>alue of the fund has the potential to decrease <span class=\"_ _3\"></span>or increase o<span class=\"_ _4\"></span>ver time. <span class=\"_ _5\"></span>This can be as a<span class=\"_ _36a\"> </span>consequence of a periodic reassessment <span class=\"_ _3\"></span>of the conditional prepayment rate and/or the discount<span class=\"_ _36a\"> </span>rate used in the valuation model.<span class=\"_ _36a\"> </span>A <span class=\"_ _9\"></span>1 <span class=\"_ _c\"></span>percent increase in the discount rate would reduce the v<span class=\"_ _3\"></span>alue of the asset b<span class=\"_ _3\"></span>y \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _4\"></span>5.<span class=\"_ _4\"></span>1m (3<span class=\"_ _4\"></span>1 December 2024: \u00a31<span class=\"_ _4\"></span>5.3m).<span class=\"_ _36a\"> </span>A <span class=\"_ _9\"></span>1 <span class=\"_ _c\"></span>percent decrease in the discount rate would increase the v<span class=\"_ _3\"></span>alue of the asset b<span class=\"_ _3\"></span>y \u00a31<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>.3<span class=\"_ _6\"></span>m (3<span class=\"_ _4\"></span>1 December 2024: \u00a31<span class=\"_ _4\"></span>7<span class=\"_ _2f\"></span>.<span class=\"_ _c\"></span>5m).<span class=\"_ _36a\"> </span>Reconciliation of Level 3 f<span class=\"_ _4\"></span>air value measur<span class=\"_ _4\"></span>ements of financial instruments<span class=\"_ _36a\"> </span>Level 3 mo<span class=\"_ _3\"></span>vement<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">ce</span><span class=\"ws76\">m<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _186\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _158\"> </span>Hol<span class=\"_ _c\"></span>din<span class=\"_ _c\"></span>gs <span class=\"_ _6\"></span>in  <span class=\"_ _61\"> </span> </span> <span class=\"_ _6\"></span> <span class=\"_ _193\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _156\"> </span>collective  <span class=\"_ _6\"></span>Policyholder  <span class=\"_ _198\"> </span>  <span class=\"_ _2\"> </span>In<span class=\"_ _3\"></span>vestment  <span class=\"_ _2\"> </span>investment  <span class=\"_ _28\"> </span>funds <span class=\"_ _c\"></span>held  <span class=\"_ _198\"> </span>  <span class=\"_ _18\"> </span>prop<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>es  <span class=\"_ _146\"> </span>sch<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>es  <span class=\"_ _14c\"> </span>by <span class=\"_ _6\"></span>Gro<span class=\"_ _c\"></span>up  <span class=\"_ _e5\"> </span>Total <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>sta<span class=\"_ _c\"></span>rt <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>rio<span class=\"_ _c\"></span>d <span class=\"_ _181\"> </span>  <span class=\"_ _85\"> </span>91<span class=\"_ _c\"></span>.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>68<span class=\"_ _6\"></span>.6  <span class=\"_ _129\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _134\"> </span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal gains and losses recognised in the <span class=\"_ _7\"> </span>Income <span class=\"_ _7\"> </span>Statement <span class=\"_ _3d\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _109\"> </span>5.6 <span class=\"_ _6\"> </span> <span class=\"_ _10b\"> </span>(2.0 ) <span class=\"_ _43\"> </span>(12 .6 ) <span class=\"_ _125\"> </span>(9.0 )<span class=\"_ _36a\"> </span>Purchases <span class=\"_ _173\"> </span>  <span class=\"_ _11e\"> </span>2.7  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _43\"> </span>42<span class=\"_ _c\"></span>.6  <span class=\"_ _43\"> </span>4<span class=\"_ _c\"></span>5.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Settlements <span class=\"_ _fb\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _17b\"> </span>(9.0 ) <span class=\"_ _112\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _52\"> </span>(6.1 ) <span class=\"_ _124\"> </span>(1 5.1 )<span class=\"_ _36a\"> </span>Exc<span class=\"_ _3\"></span>hange <span class=\"_ _c\"></span>rate <span class=\"_ _c\"></span>adjustment <span class=\"_ _109\"> </span>  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _11e\"> </span>9.5  <span class=\"_ _18c\"> </span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _125\"> </span>15.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>end <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>riod <span class=\"_ _1a7\"> </span>  <span class=\"_ _130\"> </span>91<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _127\"> </span>176<span class=\"_ _c\"></span>.1  <span class=\"_ _3a\"> </span>7<span class=\"_ _3\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _e5\"> </span>34<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">ce</span><span class=\"ws76\">m<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _a0\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _158\"> </span>Hol<span class=\"_ _c\"></span>din<span class=\"_ _c\"></span>gs <span class=\"_ _6\"></span>in  <span class=\"_ _61\"> </span> </span> <span class=\"_ _6\"></span> <span class=\"_ _193\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _156\"> </span>collective  <span class=\"_ _6\"></span>Policyholder  <span class=\"_ _198\"> </span>  <span class=\"_ _2\"> </span>In<span class=\"_ _3\"></span>vestment  <span class=\"_ _2\"> </span>investment  <span class=\"_ _28\"> </span>funds <span class=\"_ _c\"></span>held  <span class=\"_ _198\"> </span>  <span class=\"_ _18\"> </span>prop<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>es  <span class=\"_ _146\"> </span>sch<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>es  <span class=\"_ _14c\"> </span>by <span class=\"_ _6\"></span>Gro<span class=\"_ _c\"></span>up  <span class=\"_ _e5\"> </span>Total <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>sta<span class=\"_ _c\"></span>rt <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>rio<span class=\"_ _c\"></span>d <span class=\"_ _181\"> </span>  <span class=\"_ _130\"> </span>88<span class=\"_ _c\"></span>.1  <span class=\"_ _e9\"> </span>14<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _127\"> </span>42<span class=\"_ _6\"></span>.4  <span class=\"_ _e7\"> </span>27<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal gains and losses recognised in the <span class=\"_ _c\"></span>Income <span class=\"_ _6\"></span>Stat<span class=\"_ _3\"></span>ement <span class=\"_ _9e\"> </span>  <span class=\"_ _120\"> </span>8.1  <span class=\"_ _85\"> </span>33.5  <span class=\"_ _109\"> </span>1.9  <span class=\"_ _130\"> </span>43.5<span class=\"_ _36a\"> </span>Purchases <span class=\"_ _173\"> </span>  <span class=\"_ _100\"> </span>3.4  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _c4\"> </span>17<span class=\"_ _4\"></span>.0  <span class=\"_ _43\"> </span>20.4<span class=\"_ _36a\"> </span>Settlements <span class=\"_ _fb\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _114\"> </span>(7<span class=\"_ _3\"></span>.9 ) <span class=\"_ _112\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _85\"> </span>(13.9 ) <span class=\"_ _32\"> </span>(21. 8 )<span class=\"_ _36a\"> </span>Exc<span class=\"_ _3\"></span>hange <span class=\"_ _7\"> </span>rate <span class=\"_ _21c\"> </span>adjustment <span class=\"_ _1c2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _110\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _114\"> </span>(7<span class=\"_ _4\"></span>.4 ) <span class=\"_ _10c\"> </span>(3.2 ) <span class=\"_ _128\"> </span>(10.6 )<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>end <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>riod <span class=\"_ _1a7\"> </span>  <span class=\"_ _85\"> </span>91<span class=\"_ _c\"></span>.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.6  <span class=\"_ _127\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _f7\"> </span>30<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _36a\"> </span>Der<span class=\"_ _3\"></span>iv<span class=\"_ _4\"></span>atives within unit-linked funds<span class=\"_ _36a\"> </span>As part <span class=\"_ _3\"></span>of its inv<span class=\"_ _3\"></span>estment management strategy<span class=\"_ _4\"></span>, the Group purchases derivativ<span class=\"_ _3\"></span>e financial instruments<span class=\"_ _36a\"> </span>as part of its in<span class=\"_ _3\"></span>vestment portf<span class=\"_ _3\"></span>olio for unit-link<span class=\"_ _4\"></span>ed investment funds, which match the liabilities arising<span class=\"_ _36a\"> </span>on its unit-linked insurance and in<span class=\"_ _3\"></span>vestment business.<span class=\"_ _36a\"> </span>A variety <span class=\"_ _3\"></span>of equity futures are part <span class=\"_ _4\"></span>of the portfolio matching the unit-linked inv<span class=\"_ _4\"></span>estment and<span class=\"_ _36a\"> </span>insurance liabilities. Derivativ<span class=\"_ _3\"></span>es are used to facilitate more <span class=\"_ _3\"></span>efficient portfolio management allo<span class=\"_ _3\"></span>wing<span class=\"_ _36a\"> </span>changes in inv<span class=\"_ _3\"></span>estment strategy to be reflected by futures transactions rather than a high v<span class=\"_ _4\"></span>olume<span class=\"_ _36a\"> </span>of transactions in the underlying assets.<span class=\"_ _36a\"> </span>All the contracts in the unit-linked funds are <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>change-traded futures, with their fair v<span class=\"_ _4\"></span>alue being the<span class=\"_ _36a\"> </span>bid price at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date. <span class=\"_ _5\"></span>They are, accordingly<span class=\"_ _5\"></span>, determined at Lev<span class=\"_ _4\"></span>el 1 in the three-level f<span class=\"_ _3\"></span>air<span class=\"_ _36a\"> </span>value determination hierarch<span class=\"_ _3\"></span>y set out in Note E4(b).<span class=\"_ _36a\"> </span>Exchange<span class=\"_ _c\"></span>-traded futures <span class=\"_ _22f\"> </span>202<span class=\"_ _c\"></span>5 <span class=\"_ _186\"> </span>2<span class=\"_ _c\"></span>024<span class=\"_ _36a\"> </span>(by <span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>ographical <span class=\"_ _6\"></span>investment <span class=\"_ _6\"></span>mark<span class=\"_ _4\"></span>e<span class=\"_ _c\"></span>t) <span class=\"_ _f7\"> </span>  <span class=\"_ _44\"> </span>A<span class=\"_ _c\"></span>sse<span class=\"_ _c\"></span>t  <span class=\"_ _cb\"> </span>Liab<span class=\"_ _c\"></span>ility  <span class=\"_ _44\"> </span>A<span class=\"_ _c\"></span>sset  <span class=\"_ _17\"> </span>Liabilit<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>USA <span class=\"_ _9d\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.4  <span class=\"_ _c4\"> </span>\u2013  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _134\"> </span>(0.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11d\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Der<span class=\"_ _3\"></span>iv<span class=\"_ _4\"></span>atives within CA (S&amp;P with-profits funds)<span class=\"_ _36a\"> </span>As part <span class=\"_ _3\"></span>of its inv<span class=\"_ _3\"></span>estment management strategy<span class=\"_ _4\"></span>, CA enters into a limited range <span class=\"_ _3\"></span>of derivativ<span class=\"_ _4\"></span>e<span class=\"_ _36a\"> </span>instruments to manage its <span class=\"_ _3\"></span>exposure to v<span class=\"_ _3\"></span>arious risks.<span class=\"_ _36a\"> </span>CA uses equity inde<span class=\"_ _3\"></span>x futures in order to <span class=\"_ _4\"></span>economically hedge equity market risk in the with-profit<span class=\"_ _36a\"> </span>funds<span class=\"_ _3\"></span>\u2019 inv<span class=\"_ _4\"></span>estments.<span class=\"_ _36a\"> </span>The change in f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he futures contracts is intended to offset the change in f<span class=\"_ _4\"></span>air value of the<span class=\"_ _36a\"> </span>underlying equities being hedged. CA settles the mark<span class=\"_ _3\"></span>et value <span class=\"_ _3\"></span>of the futures contracts on a daily<span class=\"_ _36a\"> </span>basis by pa<span class=\"_ _3\"></span>ying or receiving a v<span class=\"_ _4\"></span>ariat<span class=\"_ _c\"></span>ion margin. <span class=\"_ _2f\"></span>The futures contracts are not discounted as this daily<span class=\"_ _36a\"> </span>settlement is equal to the change in f<span class=\"_ _3\"></span>air value <span class=\"_ _3\"></span>of the futures. <span class=\"_ _3\"></span>As a result, there is no additional fair v<span class=\"_ _3\"></span>alue to recognise in relation to these derivativ<span class=\"_ _3\"></span>es on the <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition at the<span class=\"_ _36a\"> </span>year end.<span class=\"_ _36a\"> </span>CA also purchases e<span class=\"_ _3\"></span>xchange rate futures to mitigate <span class=\"_ _4\"></span>exchange rate risk within its with-profits funds.<span class=\"_ _36a\"> </span>These contracts are <span class=\"_ _3\"></span>ex<span class=\"_ _4\"></span>change-traded contracts in act<span class=\"_ _c\"></span>ive mark<span class=\"_ _4\"></span>ets wit<span class=\"_ _c\"></span>h their fair v<span class=\"_ _3\"></span>alue being the bid price at the <span class=\"_ _4\"></span>year <span class=\"_ _3\"></span>end. <span class=\"_ _2f\"></span>They are, accordingly<span class=\"_ _5\"></span>, determined at Lev<span class=\"_ _3\"></span>el 1 in the three-lev<span class=\"_ _4\"></span>el fair value<span class=\"_ _36a\"> </span>determination hierarchy set <span class=\"_ _3\"></span>out in Note E4(b). <span class=\"_ _13\"> </span>E5 <span class=\"_ _6\"></span>Der<span class=\"_ _3\"></span>iv<span class=\"_ _3\"></span>ative financial instr<span class=\"_ _4\"></span>uments<span class=\"_ _36a\"> </span>A currency hedge is held in the P<span class=\"_ _3\"></span>arent Company in <span class=\"_ _3\"></span>order to manage the e<span class=\"_ _4\"></span>xposure to foreign<span class=\"_ _36a\"> </span>ex<span class=\"_ _3\"></span>change mov<span class=\"_ _4\"></span>ements between sterling and both the euro and <span class=\"_ _4\"></span>Swedish krona. <span class=\"_ _2f\"></span>The currency hedge<span class=\"_ _36a\"> </span>is classed as Le<span class=\"_ _3\"></span>vel 2 (2024: L<span class=\"_ _4\"></span>evel 2) in the three-lev<span class=\"_ _4\"></span>el fair value determination hierarch<span class=\"_ _3\"></span>y set out in<span class=\"_ _36a\"> </span>Note E4(b). <span class=\"_ _2f\"></span>There is also a foreign currency hedge in the UK segment to manage <span class=\"_ _4\"></span>exposure from the<span class=\"_ _36a\"> </span>value-in-f<span class=\"_ _3\"></span>orce of unit-link<span class=\"_ _3\"></span>ed contracts.<span class=\"_ _36a\"> </span>There are also deriv<span class=\"_ _3\"></span>atives held within the unit-link<span class=\"_ _3\"></span>ed and with-profits funds, e<span class=\"_ _3\"></span>xcept f<span class=\"_ _4\"></span>or an option<span class=\"_ _36a\"> </span>to repay a financial reinsurance contract <span class=\"_ _3\"></span>early<span class=\"_ _4\"></span>, which comprises an embedded deriv<span class=\"_ _4\"></span>ative.<span class=\"_ _36a\"> </span>31 December <span class=\"_ _74\"> </span>202<span class=\"_ _c\"></span>5 <span class=\"_ _186\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _44\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et  <span class=\"_ _17\"> </span>Liability  <span class=\"_ _44\"> </span>A<span class=\"_ _c\"></span>sse<span class=\"_ _c\"></span>t  <span class=\"_ _cb\"> </span>Liabili<span class=\"_ _c\"></span>ty <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Exc<span class=\"_ _3\"></span>hange-traded <span class=\"_ _c\"></span>futures <span class=\"_ _10b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.4  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _134\"> </span>(0.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Foreign currency <span class=\"_ _c\"></span>hedge <span class=\"_ _66\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _215\"> </span>0.4  <span class=\"_ _215\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _124\"> </span>\u2013  <span class=\"_ _f7\"> </span>(0.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>embedded <span class=\"_ _c\"></span>derivative <span class=\"_ _139\"> </span>  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ea\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _f7\"> </span>(0.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _215\"> </span>0.<span class=\"_ _c\"></span>1  <span class=\"_ _11d\"> </span>(0.<span class=\"_ _c\"></span>6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _e9\"> </span>0.9  <span class=\"_ _11b\"> </span>(0.1 <span class=\"_ _2f\"></span>) <span class=\"_ _e6\"> </span>0.1  <span class=\"_ _134\"> </span>(0.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ea\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _f7\"> </span>(0.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _215\"> </span>0.<span class=\"_ _c\"></span>1  <span class=\"_ _11d\"> </span>(0.<span class=\"_ _c\"></span>6 <span class=\"_ _9\"></span>)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-53": {
   "value": " <span class=\"_ _13\"> </span>E3 <span class=\"_ _6\"></span>Inv<span class=\"_ _3\"></span>estment proper<span class=\"_ _3\"></span>ties<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _123\"> </span>91<span class=\"_ _c\"></span>.7  <span class=\"_ _e8\"> </span>8<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Additions <span class=\"_ _15a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _119\"> </span>2.7  <span class=\"_ _e9\"> </span>3.4<span class=\"_ _36a\"> </span>Disposals <span class=\"_ _9c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(9.0 <span class=\"_ _9\"></span>) <span class=\"_ _1fa\"> </span>(7<span class=\"_ _4\"></span>.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Revaluation <span class=\"_ _101\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _119\"> </span>5.<span class=\"_ _3\"></span>6  <span class=\"_ _129\"> </span>8.1<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>91<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _123\"> </span>91<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment properties were bought f<span class=\"_ _3\"></span>or inv<span class=\"_ _4\"></span>estment purposes in line with t<span class=\"_ _c\"></span>he inv<span class=\"_ _4\"></span>estment strategy<span class=\"_ _36a\"> </span>of the Group. Detail on the property types and the frequency <span class=\"_ _3\"></span>of valuations is pro<span class=\"_ _3\"></span>vide in Note A4(k).<span class=\"_ _36a\"> </span>There is no <span class=\"_ _3\"></span>observable input and theref<span class=\"_ _3\"></span>ore they are classed as L<span class=\"_ _4\"></span>evel 3 in the fair v<span class=\"_ _4\"></span>alue hierarchy<span class=\"_ _4\"></span>, see<span class=\"_ _36a\"> </span>Note E4(b).<span class=\"_ _36a\"> </span>The re<span class=\"_ _3\"></span>valuation is disclosed within net in<span class=\"_ _3\"></span>vestment return (see Note D2). Expenses incur<span class=\"_ _3\"></span>red in the<span class=\"_ _36a\"> </span>operation and maintenance of in<span class=\"_ _3\"></span>vestment properties are disclosed in <span class=\"_ _3\"></span>other operating <span class=\"_ _3\"></span>expenses<span class=\"_ _36a\"> </span>(see Note D4).<span class=\"_ _36a\"> </span>Rental income from in<span class=\"_ _3\"></span>vestment properties w<span class=\"_ _3\"></span>as \u00a36.4m for the <span class=\"_ _5\"></span>year (2024: \u00a36.9m). Operating e<span class=\"_ _4\"></span>xpenses<span class=\"_ _36a\"> </span>incurred on in<span class=\"_ _4\"></span>vestment properties was \u00a30.<span class=\"_ _2f\"></span>1m for the <span class=\"_ _4\"></span>year (2024: \u00a30.6m).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-442": {
   "value": " <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue is the amount for which an asset <span class=\"_ _3\"></span>or liability could be e<span class=\"_ _4\"></span>xchanged between willing parties<span class=\"_ _36a\"> </span>in an arm\u2019<span class=\"_ _5\"></span>s length transaction. <span class=\"_ _5\"></span>The f<span class=\"_ _3\"></span>ollowing tables sho<span class=\"_ _3\"></span>w the determination of f<span class=\"_ _3\"></span>air value according<span class=\"_ _36a\"> </span>to a three-lev<span class=\"_ _3\"></span>el valuation hierarch<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>. Fair values are generally determined at prices quoted in activ<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>markets (L<span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>el 1). Howev<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>, where such information is not av<span class=\"_ _3\"></span>ailable, the Group applies valuation<span class=\"_ _36a\"> </span>techniques to measure such instruments. <span class=\"_ _2f\"></span>These valuation techniques mak<span class=\"_ _4\"></span>e use of market-observ<span class=\"_ _3\"></span>able<span class=\"_ _36a\"> </span>data for all significant inputs where possible (L<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>el 2), but in some cases it may be necessary<span class=\"_ _3\"></span> to estimate using data <span class=\"_ _3\"></span>other than market-observ<span class=\"_ _3\"></span>able data within a valuation model f<span class=\"_ _3\"></span>or significant<span class=\"_ _36a\"> </span>inputs (Le<span class=\"_ _3\"></span>vel 3).<span class=\"_ _36a\"> </span>Fair va<span class=\"_ _c\"></span>lue m<span class=\"_ _c\"></span>ea<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt at <span class=\"_ _11c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span>  <span class=\"_ _e3\"> </span>Level 1 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 2 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 3 <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>025 <span class=\"_ _b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _134\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>properties <span class=\"_ _10f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _3f\"> </span>9<span class=\"_ _c\"></span>1.0  <span class=\"_ _3f\"> </span>91.0<span class=\"_ _36a\"> </span>Financial asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Equities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>Listed <span class=\"_ _8c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _137\"> </span>208.0  <span class=\"_ _86\"> </span>0.1  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _137\"> </span>208.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Holdings <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>collectiv<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>schemes <span class=\"_ _3b\"> </span>  <span class=\"_ _13a\"> </span>9,17<span class=\"_ _4\"></span>6<span class=\"_ _c\"></span>.7  <span class=\"_ _123\"> </span>35.6  <span class=\"_ _11f\"> </span>176.1  <span class=\"_ _163\"> </span>9,<span class=\"_ _c\"></span>388.4<span class=\"_ _36a\"> </span>Debt <span class=\"_ _c\"></span>securities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>gov<span class=\"_ _3\"></span>ernment <span class=\"_ _c\"></span>bonds <span class=\"_ _120\"> </span>  <span class=\"_ _f2\"> </span>420.3  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _41\"> </span>420.3<span class=\"_ _36a\"> </span>Debt securities \u2013 other debt securities <span class=\"_ _130\"> </span>  <span class=\"_ _d3\"> </span>635.1 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _d3\"> </span>635.1<span class=\"_ _36a\"> </span>Policyholders\u2019 funds held by the Gr<span class=\"_ _3\"></span>oup <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _14c\"> </span>2<span class=\"_ _c\"></span>,864.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _e8\"> </span>7<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.5 <span class=\"_ _3\"></span> <span class=\"_ _eb\"> </span>2,939.3<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _161\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _ef\"> </span>356.9  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _ef\"> </span>356.9<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11d\"> </span>35.0  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11d\"> </span>35.0<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.9  <span class=\"_ _c4\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _16\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _29\"> </span>42<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>3<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.7  <span class=\"_ _1b\"> </span>14<span class=\"_ _6\"></span>,075<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Investment contr<span class=\"_ _3\"></span>acts at fair value through <span class=\"_ _c\"></span>profit <span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>loss <span class=\"_ _16b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _3b\"> </span>6,71<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.0  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _157\"> </span>6,71<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.0<span class=\"_ _36a\"> </span>Liabilities related t<span class=\"_ _4\"></span>o policyholders\u2019 funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _6\"></span>Group <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _22b\"> </span>2,938.5  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _22b\"> </span>2,938.5<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e3\"> </span>9,6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e3\"> </span>9,<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Fair va<span class=\"_ _c\"></span>lue m<span class=\"_ _c\"></span>ea<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt at <span class=\"_ _11c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span>  <span class=\"_ _e3\"> </span>Level 1 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 2 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 3 <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>024 <span class=\"_ _16d\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>properties <span class=\"_ _10f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _134\"> </span>91.7  <span class=\"_ _134\"> </span>9<span class=\"_ _c\"></span>1.7<span class=\"_ _36a\"> </span>Financial asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Equities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>Listed <span class=\"_ _8c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>191.5  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _18b\"> </span>191.5<span class=\"_ _36a\"> </span>Holdings <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>collectiv<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>schemes <span class=\"_ _3b\"> </span>  <span class=\"_ _4e\"> </span>8,454.1  <span class=\"_ _11d\"> </span>38.9  <span class=\"_ _d4\"> </span>168<span class=\"_ _c\"></span>.6  <span class=\"_ _157\"> </span>8,661.6<span class=\"_ _36a\"> </span>Debt <span class=\"_ _c\"></span>securities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>gov<span class=\"_ _3\"></span>ernment <span class=\"_ _c\"></span>bonds <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>44<span class=\"_ _c\"></span>6.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _d4\"> </span>446.1<span class=\"_ _36a\"> </span>Debt securities \u2013 other debt securities <span class=\"_ _130\"> </span>  <span class=\"_ _42\"> </span>644.8 <span class=\"_ _3\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _42\"> </span>644.8<span class=\"_ _36a\"> </span>Policyholders\u2019 funds held by the Gr<span class=\"_ _3\"></span>oup <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _29\"> </span>1,<span class=\"_ _3\"></span>781.6 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _11c\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.2 <span class=\"_ _4\"></span> <span class=\"_ _157\"> </span>1,825.8<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _161\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _f2\"> </span>346.9  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _f2\"> </span>346.9<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e8\"> </span>34<span class=\"_ _c\"></span>.3  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e8\"> </span>34<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1f9\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>5<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>8.<span class=\"_ _c\"></span>1  <span class=\"_ _29\"> </span>42<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _29\"> </span>304<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _18\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>24<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Investment contr<span class=\"_ _3\"></span>acts at fair value through <span class=\"_ _c\"></span>profit <span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>loss <span class=\"_ _16b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _44\"> </span>6<span class=\"_ _c\"></span>,1<span class=\"_ _c\"></span>16.7  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _44\"> </span>6,1<span class=\"_ _c\"></span>16.7<span class=\"_ _36a\"> </span>Liabilities related t<span class=\"_ _4\"></span>o policyholders\u2019 funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _6\"></span>Group <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _40\"> </span>1,825.5  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _3b\"> </span>1,825.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.6  <span class=\"_ _c4\"> </span>\u2013  <span class=\"_ _e5\"> </span>0.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _140\"> </span>7<span class=\"_ _4\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _140\"> </span>7<span class=\"_ _4\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>42<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Der<span class=\"_ _3\"></span>iv<span class=\"_ _4\"></span>ative financial instruments<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e der<span class=\"_ _c\"></span>ivat<span class=\"_ _c\"></span>ives fi<span class=\"_ _c\"></span>nanc<span class=\"_ _c\"></span>ial i<span class=\"_ _c\"></span>nstru<span class=\"_ _c\"></span>ment<span class=\"_ _c\"></span>s inclu<span class=\"_ _c\"></span>de a forei<span class=\"_ _c\"></span>gn cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y hed<span class=\"_ _c\"></span>ge rel<span class=\"_ _c\"></span>ated to the G<span class=\"_ _c\"></span>roup. T<span class=\"_ _c\"></span>he hed<span class=\"_ _c\"></span>ge w<span class=\"_ _c\"></span>as renewe<span class=\"_ _c\"></span>d in Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5, fro<span class=\"_ _c\"></span>m whi<span class=\"_ _c\"></span>ch po<span class=\"_ _c\"></span>int a hed<span class=\"_ _c\"></span>gin<span class=\"_ _c\"></span>g relat<span class=\"_ _c\"></span>ionsh<span class=\"_ _c\"></span>ip was<span class=\"_ _36a\"> </span>desi<span class=\"_ _c\"></span>gnate<span class=\"_ _c\"></span>d. T<span class=\"_ _c\"></span>he forei<span class=\"_ _c\"></span>gn cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y hed<span class=\"_ _c\"></span>ge is b<span class=\"_ _c\"></span>eing u<span class=\"_ _c\"></span>sed as a n<span class=\"_ _c\"></span>et investm<span class=\"_ _c\"></span>ent hed<span class=\"_ _c\"></span>ge to m<span class=\"_ _c\"></span>anag<span class=\"_ _c\"></span>e the<span class=\"_ _36a\"> </span>imp<span class=\"_ _c\"></span>act of fore<span class=\"_ _c\"></span>ign excha<span class=\"_ _c\"></span>nge m<span class=\"_ _c\"></span>ovement<span class=\"_ _c\"></span>s bet<span class=\"_ _c\"></span>wee<span class=\"_ _c\"></span>n sterlin<span class=\"_ _c\"></span>g and b<span class=\"_ _c\"></span>oth the e<span class=\"_ _c\"></span>uro and Swe<span class=\"_ _c\"></span>dish k<span class=\"_ _c\"></span>rona<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>It inc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>es co<span class=\"_ _c\"></span>llar<span class=\"_ _c\"></span>s whic<span class=\"_ _c\"></span>h co<span class=\"_ _c\"></span>nsist<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>wo hed<span class=\"_ _c\"></span>ges: <span class=\"_ _6\"></span>one hedge to protect against the downside (sterling strengthening) (starting at strik<span class=\"_ _3\"></span>e A), and <span class=\"_ _3\"></span>one to remov<span class=\"_ _3\"></span>e the upside (weak<span class=\"_ _3\"></span>ening) (strike B); with the strik<span class=\"_ _4\"></span>es of these coordinated to result in no<span class=\"_ _36a\"> </span>upfront premium. <span class=\"_ _6\"></span>the second hedge (strike B) creates a liquidity requirement when it bites.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e ca<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>ed co<span class=\"_ _c\"></span>lla<span class=\"_ _c\"></span>r com<span class=\"_ _c\"></span>es wi<span class=\"_ _c\"></span>th an ad<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>iona<span class=\"_ _c\"></span>l leg w<span class=\"_ _c\"></span>hich c<span class=\"_ _c\"></span>reates va<span class=\"_ _c\"></span>lue an<span class=\"_ _c\"></span>d liqui<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>y w<span class=\"_ _c\"></span>hen exch<span class=\"_ _c\"></span>ange<span class=\"_ _36a\"> </span>rates move b<span class=\"_ _c\"></span>eyond a c<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ain p<span class=\"_ _c\"></span>oint (str<span class=\"_ _c\"></span>ike C).<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ere is an ec<span class=\"_ _c\"></span>ono<span class=\"_ _c\"></span>mic rel<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>nship b<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>ween th<span class=\"_ _c\"></span>e hed<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>d item and t<span class=\"_ _c\"></span>he he<span class=\"_ _c\"></span>dgi<span class=\"_ _c\"></span>ng inst<span class=\"_ _c\"></span>rume<span class=\"_ _c\"></span>nt as the<span class=\"_ _36a\"> </span>net investm<span class=\"_ _c\"></span>ent cre<span class=\"_ _c\"></span>ates a tran<span class=\"_ _c\"></span>slat<span class=\"_ _c\"></span>ion ri<span class=\"_ _c\"></span>sk that w<span class=\"_ _c\"></span>ill ma<span class=\"_ _c\"></span>tch the forei<span class=\"_ _c\"></span>gn exchan<span class=\"_ _c\"></span>ge ri<span class=\"_ _c\"></span>sk on the c<span class=\"_ _c\"></span>oll<span class=\"_ _c\"></span>ar<span class=\"_ _3\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e Grou<span class=\"_ _c\"></span>p has es<span class=\"_ _c\"></span>tab<span class=\"_ _c\"></span>lish<span class=\"_ _c\"></span>ed a he<span class=\"_ _c\"></span>dge r<span class=\"_ _c\"></span>atio of 1:<span class=\"_ _4\"></span>1 as t<span class=\"_ _c\"></span>he und<span class=\"_ _c\"></span>erl<span class=\"_ _c\"></span>yin<span class=\"_ _c\"></span>g risk of th<span class=\"_ _c\"></span>e hed<span class=\"_ _c\"></span>gin<span class=\"_ _c\"></span>g instr<span class=\"_ _c\"></span>ume<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>is ide<span class=\"_ _c\"></span>ntic<span class=\"_ _c\"></span>al to the he<span class=\"_ _c\"></span>dg<span class=\"_ _c\"></span>ed r<span class=\"_ _c\"></span>isk com<span class=\"_ _c\"></span>po<span class=\"_ _c\"></span>nent. T<span class=\"_ _c\"></span>he h<span class=\"_ _c\"></span>ed<span class=\"_ _c\"></span>ge ine<span class=\"_ _c\"></span>ffec<span class=\"_ _c\"></span>tiven<span class=\"_ _c\"></span>ess w<span class=\"_ _c\"></span>ill ari<span class=\"_ _c\"></span>se if the a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt of the invest<span class=\"_ _c\"></span>ment in t<span class=\"_ _c\"></span>he foreig<span class=\"_ _c\"></span>n subsi<span class=\"_ _c\"></span>diar<span class=\"_ _6\"></span>y was to bec<span class=\"_ _c\"></span>om<span class=\"_ _c\"></span>e lower th<span class=\"_ _c\"></span>an the n<span class=\"_ _c\"></span>omin<span class=\"_ _c\"></span>al amo<span class=\"_ _c\"></span>unt of the collar<span class=\"_ _3\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e net investm<span class=\"_ _c\"></span>ent he<span class=\"_ _c\"></span>dge<span class=\"_ _c\"></span>s were ass<span class=\"_ _c\"></span>esse<span class=\"_ _c\"></span>d to be hig<span class=\"_ _c\"></span>hly e<span class=\"_ _c\"></span>ffec<span class=\"_ _c\"></span>tive at 31 D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r 20<span class=\"_ _c\"></span>25 an<span class=\"_ _c\"></span>d a net<span class=\"_ _36a\"> </span>unreal<span class=\"_ _c\"></span>ised l<span class=\"_ _c\"></span>oss of \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _4\"></span>1<span class=\"_ _3\"></span>m has b<span class=\"_ _c\"></span>een re<span class=\"_ _c\"></span>cord<span class=\"_ _c\"></span>ed in t<span class=\"_ _c\"></span>he tran<span class=\"_ _c\"></span>slat<span class=\"_ _c\"></span>ion rese<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>ve.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e grou<span class=\"_ _c\"></span>p\u2019<span class=\"_ _3\"></span>s curre<span class=\"_ _c\"></span>ncy r<span class=\"_ _c\"></span>isk man<span class=\"_ _c\"></span>ag<span class=\"_ _c\"></span>ement s<span class=\"_ _c\"></span>trateg<span class=\"_ _c\"></span>y is ou<span class=\"_ _c\"></span>tlin<span class=\"_ _c\"></span>ed in th<span class=\"_ _c\"></span>e risk ma<span class=\"_ _c\"></span>nag<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt sec<span class=\"_ _c\"></span>tion of t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al st<span class=\"_ _c\"></span>atement<span class=\"_ _c\"></span>s, und<span class=\"_ _c\"></span>er th<span class=\"_ _c\"></span>e \u2018Invest<span class=\"_ _c\"></span>ment an<span class=\"_ _c\"></span>d Li<span class=\"_ _c\"></span>quid<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y Ris<span class=\"_ _c\"></span>k<span class=\"_ _c\"></span>\u2019 sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n. A<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>lic<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>ns of the s<span class=\"_ _c\"></span>trateg<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>and too<span class=\"_ _c\"></span>ls use<span class=\"_ _c\"></span>d to man<span class=\"_ _c\"></span>age t<span class=\"_ _c\"></span>he cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y tran<span class=\"_ _c\"></span>slati<span class=\"_ _c\"></span>on risk a<span class=\"_ _c\"></span>re covere<span class=\"_ _c\"></span>d in the fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>cial r<span class=\"_ _c\"></span>isk dis<span class=\"_ _c\"></span>clo<span class=\"_ _c\"></span>sure<span class=\"_ _36a\"> </span>Note B<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>(a)(<span class=\"_ _c\"></span>iv). T<span class=\"_ _c\"></span>he he<span class=\"_ _c\"></span>dge c<span class=\"_ _c\"></span>reates an u<span class=\"_ _c\"></span>nce<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tai<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>y aroun<span class=\"_ _c\"></span>d future c<span class=\"_ _c\"></span>ash fl<span class=\"_ _c\"></span>ows t<span class=\"_ _c\"></span>hroug<span class=\"_ _c\"></span>h coll<span class=\"_ _c\"></span>ateral p<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>ted<span class=\"_ _36a\"> </span>for the d<span class=\"_ _c\"></span>eriv<span class=\"_ _c\"></span>ative, w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h fluc<span class=\"_ _c\"></span>tua<span class=\"_ _c\"></span>tes in line w<span class=\"_ _c\"></span>ith fl<span class=\"_ _c\"></span>uct<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>ons in th<span class=\"_ _c\"></span>e der<span class=\"_ _c\"></span>ivat<span class=\"_ _c\"></span>ive lia<span class=\"_ _c\"></span>bilit<span class=\"_ _6\"></span>y and creates<span class=\"_ _36a\"> </span>an unc<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ain, un<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>ed li<span class=\"_ _c\"></span>quid<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y req<span class=\"_ _c\"></span>uireme<span class=\"_ _c\"></span>nt when i<span class=\"_ _c\"></span>t bites<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues (continued)<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment proper<span class=\"_ _4\"></span>ties<span class=\"_ _36a\"> </span>The in<span class=\"_ _3\"></span>vestment properties are v<span class=\"_ _3\"></span>alued by <span class=\"_ _4\"></span>external chartered survey<span class=\"_ _4\"></span>ors using industry standard<span class=\"_ _36a\"> </span>techniques based on guidance from the R<span class=\"_ _3\"></span>oy<span class=\"_ _3\"></span>al Institute of Chartered <span class=\"_ _4\"></span>Surve<span class=\"_ _3\"></span>yors. <span class=\"_ _2f\"></span>The v<span class=\"_ _3\"></span>aluation<span class=\"_ _36a\"> </span>methodology includes an assessment of general mark<span class=\"_ _3\"></span>et conditions and sector lev<span class=\"_ _3\"></span>el transactions<span class=\"_ _36a\"> </span>and takes account <span class=\"_ _3\"></span>of e<span class=\"_ _4\"></span>xpectat<span class=\"_ _c\"></span>ions of <span class=\"_ _4\"></span>occupancy rates, rental income and growth. Properties<span class=\"_ _36a\"> </span>undergo individual scrutiny using cash flo<span class=\"_ _4\"></span>w analysis to factor in the timing <span class=\"_ _3\"></span>of rental revie<span class=\"_ _3\"></span>ws, capital<span class=\"_ _36a\"> </span>expenditure, lease incentiv<span class=\"_ _4\"></span>es, dilapidat<span class=\"_ _c\"></span>ion and operating <span class=\"_ _3\"></span>expenses; these re<span class=\"_ _4\"></span>views utilise both<span class=\"_ _36a\"> </span>observable and unobserv<span class=\"_ _3\"></span>able inputs.<span class=\"_ _36a\"> </span>Holdings in collective in<span class=\"_ _3\"></span>vestment sc<span class=\"_ _4\"></span>hemes<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e hol<span class=\"_ _c\"></span>ding<span class=\"_ _c\"></span>s cl<span class=\"_ _c\"></span>assi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Leve<span class=\"_ _c\"></span>l 3 \u00a31<span class=\"_ _5\"></span>7<span class=\"_ _c\"></span>6.<span class=\"_ _3\"></span>1<span class=\"_ _4\"></span>m (<span class=\"_ _c\"></span>De<span class=\"_ _c\"></span>c 20<span class=\"_ _c\"></span>24: \u00a31<span class=\"_ _5\"></span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6m) rel<span class=\"_ _c\"></span>ate to Sc<span class=\"_ _c\"></span>ild<span class=\"_ _c\"></span>on, an<span class=\"_ _c\"></span>d represe<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>investm<span class=\"_ _c\"></span>ents he<span class=\"_ _c\"></span>ld in a mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge fun<span class=\"_ _c\"></span>d. T<span class=\"_ _c\"></span>hes<span class=\"_ _c\"></span>e are cla<span class=\"_ _c\"></span>ssi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Level 3 a<span class=\"_ _c\"></span>s the fai<span class=\"_ _c\"></span>r value i<span class=\"_ _c\"></span>s deri<span class=\"_ _c\"></span>ve<span class=\"_ _36a\"> </span>from val<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>on tech<span class=\"_ _c\"></span>nique<span class=\"_ _c\"></span>s that i<span class=\"_ _c\"></span>nclu<span class=\"_ _c\"></span>de inp<span class=\"_ _c\"></span>uts t<span class=\"_ _c\"></span>hat are n<span class=\"_ _c\"></span>ot base<span class=\"_ _c\"></span>d on o<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable m<span class=\"_ _c\"></span>arket dat<span class=\"_ _c\"></span>a.<span class=\"_ _36a\"> </span>P<span class=\"_ _3\"></span>olicyholder funds held by the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ere is als<span class=\"_ _c\"></span>o a small h<span class=\"_ _c\"></span>old<span class=\"_ _c\"></span>ing of as<span class=\"_ _c\"></span>sets c<span class=\"_ _c\"></span>las<span class=\"_ _c\"></span>sifi<span class=\"_ _c\"></span>ed a<span class=\"_ _c\"></span>s Level 3 \u00a3<span class=\"_ _c\"></span>74.5<span class=\"_ _c\"></span>m (<span class=\"_ _c\"></span>Dec 2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>24: \u00a34<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2m) from o<span class=\"_ _c\"></span>u<span class=\"_ _36a\"> </span>Moves<span class=\"_ _c\"></span>tic o<span class=\"_ _c\"></span>per<span class=\"_ _c\"></span>ation w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h are unlis<span class=\"_ _c\"></span>ted. T<span class=\"_ _c\"></span>he va<span class=\"_ _c\"></span>luati<span class=\"_ _c\"></span>on of the v<span class=\"_ _c\"></span>ast m<span class=\"_ _c\"></span>ajor<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y of the<span class=\"_ _c\"></span>se ass<span class=\"_ _c\"></span>ets is b<span class=\"_ _c\"></span>ased<span class=\"_ _36a\"> </span>on uno<span class=\"_ _c\"></span>bse<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vab<span class=\"_ _c\"></span>le pr<span class=\"_ _c\"></span>ice<span class=\"_ _c\"></span>s from tr<span class=\"_ _c\"></span>adin<span class=\"_ _c\"></span>g on the ove<span class=\"_ _c\"></span>r-the<span class=\"_ _6\"></span>-<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>unter ma<span class=\"_ _c\"></span>rket.<span class=\"_ _36a\"> </span>Debt secur<span class=\"_ _3\"></span>ities<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e debt s<span class=\"_ _c\"></span>ecu<span class=\"_ _c\"></span>ritie<span class=\"_ _c\"></span>s cla<span class=\"_ _c\"></span>ssi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Leve<span class=\"_ _c\"></span>l 2 at 2024 an<span class=\"_ _c\"></span>d 2025 are tr<span class=\"_ _c\"></span>ade<span class=\"_ _c\"></span>d in ac<span class=\"_ _c\"></span>tive m<span class=\"_ _c\"></span>arkets w<span class=\"_ _c\"></span>ith le<span class=\"_ _c\"></span>ss<span class=\"_ _36a\"> </span>dept<span class=\"_ _c\"></span>h or wi<span class=\"_ _c\"></span>der b<span class=\"_ _c\"></span>id<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>ask sprea<span class=\"_ _c\"></span>ds. T<span class=\"_ _c\"></span>his d<span class=\"_ _c\"></span>oe<span class=\"_ _c\"></span>s not meet t<span class=\"_ _c\"></span>he cl<span class=\"_ _c\"></span>assi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>cat<span class=\"_ _c\"></span>ion as L<span class=\"_ _c\"></span>evel 1 inp<span class=\"_ _c\"></span>uts. T<span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>e fair<span class=\"_ _36a\"> </span>value<span class=\"_ _c\"></span>s of debt s<span class=\"_ _c\"></span>ecu<span class=\"_ _c\"></span>riti<span class=\"_ _c\"></span>es not tr<span class=\"_ _c\"></span>ade<span class=\"_ _c\"></span>d in ac<span class=\"_ _c\"></span>tive m<span class=\"_ _c\"></span>arkets are deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g broker qu<span class=\"_ _c\"></span>otes or<span class=\"_ _36a\"> </span>valu<span class=\"_ _c\"></span>ation te<span class=\"_ _c\"></span>chniq<span class=\"_ _c\"></span>ues w<span class=\"_ _c\"></span>ith o<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable m<span class=\"_ _c\"></span>arket inpu<span class=\"_ _c\"></span>ts. F<span class=\"_ _c\"></span>inan<span class=\"_ _c\"></span>cia<span class=\"_ _c\"></span>l instr<span class=\"_ _c\"></span>ument<span class=\"_ _c\"></span>s value<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g broker<span class=\"_ _36a\"> </span>quotes are c<span class=\"_ _c\"></span>las<span class=\"_ _c\"></span>sifi<span class=\"_ _c\"></span>ed a<span class=\"_ _c\"></span>t Level 2, o<span class=\"_ _c\"></span>nly w<span class=\"_ _c\"></span>here the<span class=\"_ _c\"></span>re is a suffi<span class=\"_ _c\"></span>ci<span class=\"_ _c\"></span>ent ran<span class=\"_ _c\"></span>ge of avai<span class=\"_ _c\"></span>lab<span class=\"_ _c\"></span>le qu<span class=\"_ _c\"></span>otes.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ese as<span class=\"_ _c\"></span>sets were va<span class=\"_ _c\"></span>lued u<span class=\"_ _c\"></span>sing c<span class=\"_ _c\"></span>ounter<span class=\"_ _c\"></span>pa<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y or bro<span class=\"_ _c\"></span>ker quotes and a<span class=\"_ _c\"></span>re per<span class=\"_ _c\"></span>iod<span class=\"_ _c\"></span>ic<span class=\"_ _c\"></span>ally v<span class=\"_ _c\"></span>alid<span class=\"_ _c\"></span>ated<span class=\"_ _36a\"> </span>against third<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>par<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y models<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _22c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _17\"> </span>C<span class=\"_ _c\"></span>hang<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>Net investment in foreign operations<span class=\"ls1 ws76\"> <span class=\"_ _214\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _2a\"> </span>v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>use<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span></span> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _cb\"> </span>for <span class=\"_ _6\"></span>measuring  <span class=\"_ _132\"> </span>Change <span class=\"_ _6\"></span>i <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _119\"> </span>Notional  <span class=\"_ _e5\"> </span>C<span class=\"_ _c\"></span>arry<span class=\"_ _c\"></span>ing  <span class=\"_ _b\"> </span>inef<span class=\"_ _c\"></span>fec<span class=\"_ _c\"></span>tivene<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>fair <span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>alue <span class=\"_ _c\"></span>o <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _128\"> </span>amou<span class=\"_ _c\"></span>nt  <span class=\"_ _128\"> </span>am<span class=\"_ _c\"></span>ount  <span class=\"_ _42\"> </span>for <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>yea<span class=\"_ _c\"></span>r  <span class=\"_ _14c\"> </span>h<span class=\"_ _c\"></span>edg<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>ite<span class=\"_ _c\"></span>m <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Hedging ins<span class=\"_ _c\"></span>trument included in derivative financial instrument<span class=\"_ _c\"></span>s in the Statement of Financial Position<span class=\"_ _36a\"> </span>Uncapped <span class=\"_ _c\"></span>collar <span class=\"_ _1d0\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>42<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.6  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _16b\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>Hedged item<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>for<span class=\"_ _3\"></span>eign <span class=\"_ _c\"></span>subsidiaries <span class=\"_ _22d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.<span class=\"_ _36a\"> </span>here are no comparativ<span class=\"_ _3\"></span>es as the hedging relationship was designated in December 2025.<span class=\"_ _36a\"> </span>W<span class=\"_ _c\"></span>ithin d<span class=\"_ _c\"></span>eri<span class=\"_ _c\"></span>vati<span class=\"_ _c\"></span>ve fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al inst<span class=\"_ _c\"></span>rume<span class=\"_ _c\"></span>nts is a fi<span class=\"_ _c\"></span>nanc<span class=\"_ _c\"></span>ial rei<span class=\"_ _c\"></span>nsura<span class=\"_ _c\"></span>nce em<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>dd<span class=\"_ _c\"></span>ed de<span class=\"_ _c\"></span>riv<span class=\"_ _c\"></span>ative rel<span class=\"_ _c\"></span>ated to our M<span class=\"_ _c\"></span>ovestic o<span class=\"_ _c\"></span>pe<span class=\"_ _c\"></span>ratio<span class=\"_ _c\"></span>n. T<span class=\"_ _c\"></span>he Gro<span class=\"_ _c\"></span>up ha<span class=\"_ _c\"></span>s entered into a reinsu<span class=\"_ _c\"></span>ranc<span class=\"_ _c\"></span>e co<span class=\"_ _c\"></span>ntrac<span class=\"_ _c\"></span>t wi<span class=\"_ _c\"></span>th a third p<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>that h<span class=\"_ _c\"></span>as a sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n that is d<span class=\"_ _c\"></span>eem<span class=\"_ _c\"></span>ed to tr<span class=\"_ _c\"></span>ansfer si<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>fic<span class=\"_ _c\"></span>ant insu<span class=\"_ _c\"></span>ranc<span class=\"_ _c\"></span>e risk a<span class=\"_ _c\"></span>nd a sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n that i<span class=\"_ _c\"></span>s deem<span class=\"_ _c\"></span>ed<span class=\"_ _36a\"> </span>not to tran<span class=\"_ _c\"></span>sfer sig<span class=\"_ _c\"></span>nifi<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ant insur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e risk<span class=\"_ _c\"></span>. Th<span class=\"_ _c\"></span>e elem<span class=\"_ _c\"></span>ent of the c<span class=\"_ _c\"></span>ontr<span class=\"_ _c\"></span>act t<span class=\"_ _c\"></span>hat do<span class=\"_ _c\"></span>es not t<span class=\"_ _c\"></span>rans<span class=\"_ _c\"></span>fer<span class=\"_ _36a\"> </span>signi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>nt insura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>isk has t<span class=\"_ _c\"></span>w<span class=\"_ _c\"></span>o com<span class=\"_ _c\"></span>pon<span class=\"_ _c\"></span>ents an<span class=\"_ _c\"></span>d has b<span class=\"_ _c\"></span>een a<span class=\"_ _c\"></span>cc<span class=\"_ _c\"></span>ounted for a<span class=\"_ _c\"></span>s a fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al lia<span class=\"_ _c\"></span>bilit<span class=\"_ _6\"></span>y<span class=\"_ _36a\"> </span>at amo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tise<span class=\"_ _c\"></span>d cos<span class=\"_ _c\"></span>t and an e<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>dd<span class=\"_ _c\"></span>ed d<span class=\"_ _c\"></span>eriv<span class=\"_ _c\"></span>ative a<span class=\"_ _c\"></span>sset at fa<span class=\"_ _c\"></span>ir valu<span class=\"_ _c\"></span>e.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e emb<span class=\"_ _c\"></span>ed<span class=\"_ _c\"></span>ded d<span class=\"_ _c\"></span>eri<span class=\"_ _c\"></span>vati<span class=\"_ _c\"></span>ve represe<span class=\"_ _c\"></span>nts an o<span class=\"_ _c\"></span>ptio<span class=\"_ _c\"></span>n to repay th<span class=\"_ _c\"></span>e amou<span class=\"_ _c\"></span>nts du<span class=\"_ _c\"></span>e unde<span class=\"_ _c\"></span>r the c<span class=\"_ _c\"></span>ontra<span class=\"_ _c\"></span>ct e<span class=\"_ _c\"></span>arl<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>at a disc<span class=\"_ _c\"></span>ount to th<span class=\"_ _c\"></span>e amo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tise<span class=\"_ _c\"></span>d cos<span class=\"_ _c\"></span>t, w<span class=\"_ _c\"></span>ith it<span class=\"_ _c\"></span>s fair va<span class=\"_ _c\"></span>lue be<span class=\"_ _c\"></span>ing deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d by referenc<span class=\"_ _c\"></span>e to market<span class=\"_ _36a\"> </span>interest ra<span class=\"_ _c\"></span>te at the year-<span class=\"_ _6\"></span>end date. I<span class=\"_ _c\"></span>t is, ac<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>rding<span class=\"_ _c\"></span>ly, determine<span class=\"_ _c\"></span>d at Level 2 i<span class=\"_ _c\"></span>n the thre<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>l<span class=\"_ _c\"></span>evel fair<span class=\"_ _36a\"> </span>value d<span class=\"_ _c\"></span>etermi<span class=\"_ _c\"></span>natio<span class=\"_ _c\"></span>n hier<span class=\"_ _c\"></span>archy. Furth<span class=\"_ _c\"></span>er det<span class=\"_ _c\"></span>ail c<span class=\"_ _c\"></span>an b<span class=\"_ _c\"></span>e found in N<span class=\"_ _c\"></span>ote E5<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment contract liabilities<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e investm<span class=\"_ _c\"></span>ent cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t lia<span class=\"_ _c\"></span>bilit<span class=\"_ _c\"></span>ies in L<span class=\"_ _c\"></span>evel 2 of the val<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>on hier<span class=\"_ _c\"></span>archy rep<span class=\"_ _c\"></span>resent th<span class=\"_ _c\"></span>e fair va<span class=\"_ _c\"></span>lue of linked and n<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>linked liabi<span class=\"_ _c\"></span>litie<span class=\"_ _c\"></span>s value<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g est<span class=\"_ _c\"></span>abl<span class=\"_ _c\"></span>ished a<span class=\"_ _c\"></span>ctu<span class=\"_ _c\"></span>ari<span class=\"_ _c\"></span>al tech<span class=\"_ _c\"></span>nique<span class=\"_ _c\"></span>s utili<span class=\"_ _c\"></span>sing m<span class=\"_ _c\"></span>arket<span class=\"_ _36a\"> </span>obs<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>va<span class=\"_ _c\"></span>ble d<span class=\"_ _c\"></span>ata fo<span class=\"_ _c\"></span>r all sig<span class=\"_ _c\"></span>nifi<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ant inpu<span class=\"_ _c\"></span>ts, s<span class=\"_ _c\"></span>uch as i<span class=\"_ _c\"></span>nvestme<span class=\"_ _c\"></span>nt yiel<span class=\"_ _c\"></span>ds.<span class=\"_ _36a\"> </span>Significant unobserv<span class=\"_ _3\"></span>able inputs in Level 3 instr<span class=\"_ _4\"></span>uments valuations<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e Level 3 ins<span class=\"_ _c\"></span>trum<span class=\"_ _c\"></span>ents h<span class=\"_ _c\"></span>eld in th<span class=\"_ _c\"></span>e Grou<span class=\"_ _c\"></span>p are in relat<span class=\"_ _c\"></span>ion to invest<span class=\"_ _c\"></span>ment<span class=\"_ _c\"></span>s held i<span class=\"_ _c\"></span>n an Aeg<span class=\"_ _c\"></span>on m<span class=\"_ _c\"></span>ana<span class=\"_ _c\"></span>ged<span class=\"_ _36a\"> </span>Dutc<span class=\"_ _c\"></span>h Mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tgag<span class=\"_ _c\"></span>e Fund t<span class=\"_ _c\"></span>hat c<span class=\"_ _c\"></span>onta<span class=\"_ _c\"></span>ins mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tgag<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>backed a<span class=\"_ _c\"></span>ssets i<span class=\"_ _c\"></span>n the N<span class=\"_ _c\"></span>ether<span class=\"_ _c\"></span>land<span class=\"_ _c\"></span>s. T<span class=\"_ _c\"></span>he fai<span class=\"_ _c\"></span>r value<span class=\"_ _36a\"> </span>of the mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge fun<span class=\"_ _c\"></span>d is deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d by the fu<span class=\"_ _c\"></span>nd man<span class=\"_ _c\"></span>ag<span class=\"_ _c\"></span>er on a mo<span class=\"_ _c\"></span>nthl<span class=\"_ _c\"></span>y basi<span class=\"_ _c\"></span>s using a<span class=\"_ _c\"></span>n in<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>ouse<span class=\"_ _36a\"> </span>valu<span class=\"_ _c\"></span>ation m<span class=\"_ _c\"></span>od<span class=\"_ _c\"></span>el. T<span class=\"_ _c\"></span>he va<span class=\"_ _c\"></span>luati<span class=\"_ _c\"></span>on mo<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>l relies on a n<span class=\"_ _c\"></span>umb<span class=\"_ _c\"></span>er of uno<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable i<span class=\"_ _c\"></span>nput<span class=\"_ _c\"></span>s, th<span class=\"_ _c\"></span>e most<span class=\"_ _36a\"> </span>signi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>nt bein<span class=\"_ _c\"></span>g the as<span class=\"_ _c\"></span>sume<span class=\"_ _c\"></span>d con<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>iona<span class=\"_ _c\"></span>l prep<span class=\"_ _c\"></span>aym<span class=\"_ _c\"></span>ent rate, the d<span class=\"_ _c\"></span>isc<span class=\"_ _c\"></span>ount ra<span class=\"_ _c\"></span>te and the im<span class=\"_ _c\"></span>pa<span class=\"_ _c\"></span>irme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>rate, all of w<span class=\"_ _c\"></span>hich a<span class=\"_ _c\"></span>re app<span class=\"_ _c\"></span>lied to th<span class=\"_ _c\"></span>e antic<span class=\"_ _c\"></span>ipa<span class=\"_ _c\"></span>ted mo<span class=\"_ _c\"></span>dell<span class=\"_ _c\"></span>ed c<span class=\"_ _c\"></span>ash fl<span class=\"_ _c\"></span>ows to de<span class=\"_ _c\"></span>rive th<span class=\"_ _c\"></span>e fair va<span class=\"_ _c\"></span>lue of the<span class=\"_ _36a\"> </span>underlyin<span class=\"_ _c\"></span>g asset.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e assum<span class=\"_ _c\"></span>ed C<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>diti<span class=\"_ _c\"></span>onal P<span class=\"_ _c\"></span>rep<span class=\"_ _c\"></span>aym<span class=\"_ _c\"></span>ent Rate (C<span class=\"_ _c\"></span>P<span class=\"_ _c\"></span>R) is us<span class=\"_ _c\"></span>ed to ca<span class=\"_ _c\"></span>lcul<span class=\"_ _c\"></span>ate the p<span class=\"_ _c\"></span>rojec<span class=\"_ _c\"></span>ted pre<span class=\"_ _c\"></span>pay<span class=\"_ _c\"></span>ment<span class=\"_ _36a\"> </span>ca<span class=\"_ _c\"></span>sh flow p<span class=\"_ _c\"></span>er in<span class=\"_ _c\"></span>div<span class=\"_ _c\"></span>idu<span class=\"_ _c\"></span>al lo<span class=\"_ _c\"></span>an and re<span class=\"_ _c\"></span>fle<span class=\"_ _c\"></span>cts t<span class=\"_ _c\"></span>he antic<span class=\"_ _c\"></span>ip<span class=\"_ _c\"></span>ated ea<span class=\"_ _c\"></span>rly re<span class=\"_ _c\"></span>pay<span class=\"_ _c\"></span>ment of mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge b<span class=\"_ _c\"></span>alan<span class=\"_ _c\"></span>ces<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e CP<span class=\"_ _c\"></span>R is ba<span class=\"_ _c\"></span>sed on fo<span class=\"_ _c\"></span>ur var<span class=\"_ _c\"></span>iab<span class=\"_ _c\"></span>les:<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _c\"></span>Contract age \u2013 T<span class=\"_ _3\"></span>he CPR for ne<span class=\"_ _4\"></span>wly originated mortgage loans will initially be low<span class=\"_ _5\"></span>, after which it increases for a couple <span class=\"_ _3\"></span>of <span class=\"_ _4\"></span>years to its maximum <span class=\"_ _4\"></span>expected value, and subsequently diminishes<span class=\"_ _36a\"> </span>ov<span class=\"_ _3\"></span>er time.<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Interest rate diff<span class=\"_ _3\"></span>erential \u2013 <span class=\"_ _4\"></span>The diff<span class=\"_ _3\"></span>erence between the contractual rates and current interest rates<span class=\"_ _36a\"> </span>are positively correlated with prepa<span class=\"_ _4\"></span>yments. <span class=\"_ _5\"></span>When contractual rates are higher than interest rates<span class=\"_ _36a\"> </span>of newly <span class=\"_ _3\"></span>originated mortgages, we <span class=\"_ _4\"></span>observe more prepayments and the vice versa.<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Previous partial repa<span class=\"_ _3\"></span>yments \u2013 <span class=\"_ _4\"></span>Borrow<span class=\"_ _4\"></span>ers who made a partial prepayment in the past, are more likely<span class=\"_ _36a\"> </span>to do so in the future.<span class=\"_ _28\"> </span>\u2013 <span class=\"_ _6\"></span>Burnout eff<span class=\"_ _4\"></span>ect \u2013 B<span class=\"_ _4\"></span>orrowers who ha<span class=\"_ _4\"></span>ve not made a prepayment in the past, while their option to prepa<span class=\"_ _4\"></span>y<span class=\"_ _36a\"> </span>was in the mone<span class=\"_ _3\"></span>y<span class=\"_ _4\"></span>, are less likely to prepa<span class=\"_ _3\"></span>y in the future.<span class=\"_ _36a\"> </span>The projected prepa<span class=\"_ _3\"></span>yment cash flows per loan are then combined to deriv<span class=\"_ _3\"></span>e an av<span class=\"_ _4\"></span>erage expected<span class=\"_ _36a\"> </span>lif<span class=\"_ _3\"></span>etime CPR, which is then applied to the outstanding balance <span class=\"_ _3\"></span>of the fund. <span class=\"_ _2f\"></span>The CP<span class=\"_ _c\"></span>R used in the<span class=\"_ _36a\"> </span>valuation <span class=\"_ _3\"></span>of the fund as at 3<span class=\"_ _4\"></span>1 December 2025 was 3.9% (3<span class=\"_ _4\"></span>1 December 2024: 3.<span class=\"_ _4\"></span>7%).<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>expected projected cash flo<span class=\"_ _4\"></span>ws for each mortgage within the loan portfolio are discounted using<span class=\"_ _36a\"> </span>rates that are derived using a matrix in<span class=\"_ _3\"></span>volving the f<span class=\"_ _3\"></span>ollowing three parameters:<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>The remaining fix<span class=\"_ _3\"></span>ed rate term of the mortgage<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Index<span class=\"_ _3\"></span>ed Loan to <span class=\"_ _5\"></span>V<span class=\"_ _3\"></span>alue (L<span class=\"_ _5\"></span>TV) of each mortgage<span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Current (A<span class=\"_ _4\"></span>egon) mortgage rates<span class=\"_ _36a\"> </span>At 3<span class=\"_ _4\"></span>1 December 2025 this resulted in discounting the cash flows in each mortgage using a range<span class=\"_ _36a\"> </span>from 3.81<span class=\"_ _2f\"></span>% to 4.70% (3<span class=\"_ _4\"></span>1 December 2024: 4.06% to 4.26%).<span class=\"_ _36a\"> </span>An impairment percentage is applied to those loan cash flows which are in arrears, to reflect the<span class=\"_ _36a\"> </span>chance of the loan actually going into def<span class=\"_ _4\"></span>ault. For those loans which are 1, 2 or 3 months in ar<span class=\"_ _3\"></span>rears,<span class=\"_ _36a\"> </span>an impairment percentage is applied to reflect the chance of def<span class=\"_ _3\"></span>ault. <span class=\"_ _2f\"></span>This percentage ranges from<span class=\"_ _36a\"> </span>0.60% for 1 month in arrears to 1<span class=\"_ _4\"></span>3.70% for loans which are 3 months in ar<span class=\"_ _3\"></span>rears (3<span class=\"_ _4\"></span>1 December 2024:<span class=\"_ _36a\"> </span>0.60% for 1 month in arrears to 1<span class=\"_ _4\"></span>3.<span class=\"_ _5\"></span>70% for loans which are 3 months in arrears). Loans which are in default receiv<span class=\"_ _3\"></span>e a 1<span class=\"_ _4\"></span>0<span class=\"_ _c\"></span>0% reduction in value.<span class=\"_ _36a\"> </span>The v<span class=\"_ _3\"></span>alue of the fund has the potential to decrease <span class=\"_ _3\"></span>or increase o<span class=\"_ _4\"></span>ver time. <span class=\"_ _5\"></span>This can be as a<span class=\"_ _36a\"> </span>consequence of a periodic reassessment <span class=\"_ _3\"></span>of the conditional prepayment rate and/or the discount<span class=\"_ _36a\"> </span>rate used in the valuation model.<span class=\"_ _36a\"> </span>A <span class=\"_ _9\"></span>1 <span class=\"_ _c\"></span>percent increase in the discount rate would reduce the v<span class=\"_ _3\"></span>alue of the asset b<span class=\"_ _3\"></span>y \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _4\"></span>5.<span class=\"_ _4\"></span>1m (3<span class=\"_ _4\"></span>1 December 2024: \u00a31<span class=\"_ _4\"></span>5.3m).<span class=\"_ _36a\"> </span>A <span class=\"_ _9\"></span>1 <span class=\"_ _c\"></span>percent decrease in the discount rate would increase the v<span class=\"_ _3\"></span>alue of the asset b<span class=\"_ _3\"></span>y \u00a31<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>.3<span class=\"_ _6\"></span>m (3<span class=\"_ _4\"></span>1 December 2024: \u00a31<span class=\"_ _4\"></span>7<span class=\"_ _2f\"></span>.<span class=\"_ _c\"></span>5m).<span class=\"_ _36a\"> </span>Reconciliation of Level 3 f<span class=\"_ _4\"></span>air value measur<span class=\"_ _4\"></span>ements of financial instruments<span class=\"_ _36a\"> </span>Level 3 mo<span class=\"_ _3\"></span>vement<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">ce</span><span class=\"ws76\">m<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _186\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _158\"> </span>Hol<span class=\"_ _c\"></span>din<span class=\"_ _c\"></span>gs <span class=\"_ _6\"></span>in  <span class=\"_ _61\"> </span> </span> <span class=\"_ _6\"></span> <span class=\"_ _193\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _156\"> </span>collective  <span class=\"_ _6\"></span>Policyholder  <span class=\"_ _198\"> </span>  <span class=\"_ _2\"> </span>In<span class=\"_ _3\"></span>vestment  <span class=\"_ _2\"> </span>investment  <span class=\"_ _28\"> </span>funds <span class=\"_ _c\"></span>held  <span class=\"_ _198\"> </span>  <span class=\"_ _18\"> </span>prop<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>es  <span class=\"_ _146\"> </span>sch<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>es  <span class=\"_ _14c\"> </span>by <span class=\"_ _6\"></span>Gro<span class=\"_ _c\"></span>up  <span class=\"_ _e5\"> </span>Total <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>sta<span class=\"_ _c\"></span>rt <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>rio<span class=\"_ _c\"></span>d <span class=\"_ _181\"> </span>  <span class=\"_ _85\"> </span>91<span class=\"_ _c\"></span>.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>68<span class=\"_ _6\"></span>.6  <span class=\"_ _129\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _134\"> </span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal gains and losses recognised in the <span class=\"_ _7\"> </span>Income <span class=\"_ _7\"> </span>Statement <span class=\"_ _3d\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _109\"> </span>5.6 <span class=\"_ _6\"> </span> <span class=\"_ _10b\"> </span>(2.0 ) <span class=\"_ _43\"> </span>(12 .6 ) <span class=\"_ _125\"> </span>(9.0 )<span class=\"_ _36a\"> </span>Purchases <span class=\"_ _173\"> </span>  <span class=\"_ _11e\"> </span>2.7  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _43\"> </span>42<span class=\"_ _c\"></span>.6  <span class=\"_ _43\"> </span>4<span class=\"_ _c\"></span>5.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Settlements <span class=\"_ _fb\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _17b\"> </span>(9.0 ) <span class=\"_ _112\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _52\"> </span>(6.1 ) <span class=\"_ _124\"> </span>(1 5.1 )<span class=\"_ _36a\"> </span>Exc<span class=\"_ _3\"></span>hange <span class=\"_ _c\"></span>rate <span class=\"_ _c\"></span>adjustment <span class=\"_ _109\"> </span>  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _11e\"> </span>9.5  <span class=\"_ _18c\"> </span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _125\"> </span>15.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>end <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>riod <span class=\"_ _1a7\"> </span>  <span class=\"_ _130\"> </span>91<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _127\"> </span>176<span class=\"_ _c\"></span>.1  <span class=\"_ _3a\"> </span>7<span class=\"_ _3\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _e5\"> </span>34<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">ce</span><span class=\"ws76\">m<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _a0\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _158\"> </span>Hol<span class=\"_ _c\"></span>din<span class=\"_ _c\"></span>gs <span class=\"_ _6\"></span>in  <span class=\"_ _61\"> </span> </span> <span class=\"_ _6\"></span> <span class=\"_ _193\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _156\"> </span>collective  <span class=\"_ _6\"></span>Policyholder  <span class=\"_ _198\"> </span>  <span class=\"_ _2\"> </span>In<span class=\"_ _3\"></span>vestment  <span class=\"_ _2\"> </span>investment  <span class=\"_ _28\"> </span>funds <span class=\"_ _c\"></span>held  <span class=\"_ _198\"> </span>  <span class=\"_ _18\"> </span>prop<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>es  <span class=\"_ _146\"> </span>sch<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>es  <span class=\"_ _14c\"> </span>by <span class=\"_ _6\"></span>Gro<span class=\"_ _c\"></span>up  <span class=\"_ _e5\"> </span>Total <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>sta<span class=\"_ _c\"></span>rt <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>rio<span class=\"_ _c\"></span>d <span class=\"_ _181\"> </span>  <span class=\"_ _130\"> </span>88<span class=\"_ _c\"></span>.1  <span class=\"_ _e9\"> </span>14<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _127\"> </span>42<span class=\"_ _6\"></span>.4  <span class=\"_ _e7\"> </span>27<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal gains and losses recognised in the <span class=\"_ _c\"></span>Income <span class=\"_ _6\"></span>Stat<span class=\"_ _3\"></span>ement <span class=\"_ _9e\"> </span>  <span class=\"_ _120\"> </span>8.1  <span class=\"_ _85\"> </span>33.5  <span class=\"_ _109\"> </span>1.9  <span class=\"_ _130\"> </span>43.5<span class=\"_ _36a\"> </span>Purchases <span class=\"_ _173\"> </span>  <span class=\"_ _100\"> </span>3.4  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _c4\"> </span>17<span class=\"_ _4\"></span>.0  <span class=\"_ _43\"> </span>20.4<span class=\"_ _36a\"> </span>Settlements <span class=\"_ _fb\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _114\"> </span>(7<span class=\"_ _3\"></span>.9 ) <span class=\"_ _112\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _85\"> </span>(13.9 ) <span class=\"_ _32\"> </span>(21. 8 )<span class=\"_ _36a\"> </span>Exc<span class=\"_ _3\"></span>hange <span class=\"_ _7\"> </span>rate <span class=\"_ _21c\"> </span>adjustment <span class=\"_ _1c2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _110\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _114\"> </span>(7<span class=\"_ _4\"></span>.4 ) <span class=\"_ _10c\"> </span>(3.2 ) <span class=\"_ _128\"> </span>(10.6 )<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>end <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>riod <span class=\"_ _1a7\"> </span>  <span class=\"_ _85\"> </span>91<span class=\"_ _c\"></span>.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.6  <span class=\"_ _127\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _f7\"> </span>30<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues (continued)<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _fd\"> </span>C<span class=\"_ _c\"></span>arr<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>ing a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt <span class=\"_ _ed\"> </span>Fair va<span class=\"_ _c\"></span>lue <span class=\"_ _198\"> </span>  <span class=\"_ _119\"> </span>20<span class=\"ls1 ws1\">2<span class=\"ws76\">5  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>0</span>2<span class=\"_ _c\"></span><span class=\"ws76\">4  <span class=\"_ _119\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _e6\"> </span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4</span></span> <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span><span class=\"ws1\">\u00a3<span class=\"_ _c\"></span></span>m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Borro<span class=\"_ _3\"></span>wings <span class=\"_ _8d\"> </span>  <span class=\"_ _128\"> </span>201.1  <span class=\"_ _215\"> </span>200.8  <span class=\"_ _129\"> </span>185.8  <span class=\"_ _128\"> </span>166.1<span class=\"_ _36a\"> </span>Amounts due in relation to financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _168\"> </span>  <span class=\"_ _120\"> </span>1.0  <span class=\"_ _18c\"> </span>2.4  <span class=\"_ _120\"> </span>1.0  <span class=\"_ _11e\"> </span>2.3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm <span class=\"_ _6\"></span>finance <span class=\"_ _90\"> </span>  <span class=\"_ _18c\"> </span>0.9  <span class=\"_ _109\"> </span>1.6  <span class=\"_ _114\"> </span>0.9  <span class=\"_ _109\"> </span>1.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _22e\"> </span>  <span class=\"_ _f7\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _134\"> </span>20<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>1<span class=\"_ _c\"></span>87.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>70.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he <span class=\"_ _2f\"></span>Tier 2 debt is calculated using quoted prices in active markets and the<span class=\"_ _3\"></span>y are<span class=\"_ _36a\"> </span>classified as Le<span class=\"_ _3\"></span>vel 1 in the f<span class=\"_ _3\"></span>air value hierarch<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>. <span class=\"_ _5\"></span>The amount due in relation to financial reinsurance<span class=\"_ _36a\"> </span>is fair v<span class=\"_ _3\"></span>alued with ref<span class=\"_ _3\"></span>erence to market interest rates at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date and is classed as Le<span class=\"_ _3\"></span>vel 2<span class=\"_ _36a\"> </span>in the fair v<span class=\"_ _3\"></span>alue hierarchy<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>There w<span class=\"_ _3\"></span>ere no transf<span class=\"_ _4\"></span>ers between Lev<span class=\"_ _4\"></span>els 1<span class=\"_ _5\"></span>,<span class=\"_ _3\"></span> 2 and 3 during the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>The Group holds no L<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>el 3<span class=\"_ _36a\"> </span>liabilities as at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": " <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue is the amount for which an asset <span class=\"_ _3\"></span>or liability could be e<span class=\"_ _4\"></span>xchanged between willing parties<span class=\"_ _36a\"> </span>in an arm\u2019<span class=\"_ _5\"></span>s length transaction. <span class=\"_ _5\"></span>The f<span class=\"_ _3\"></span>ollowing tables sho<span class=\"_ _3\"></span>w the determination of f<span class=\"_ _3\"></span>air value according<span class=\"_ _36a\"> </span>to a three-lev<span class=\"_ _3\"></span>el valuation hierarch<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>. Fair values are generally determined at prices quoted in activ<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>markets (L<span class=\"_ _3\"></span>ev<span class=\"_ _4\"></span>el 1). Howev<span class=\"_ _4\"></span>er<span class=\"_ _4\"></span>, where such information is not av<span class=\"_ _3\"></span>ailable, the Group applies valuation<span class=\"_ _36a\"> </span>techniques to measure such instruments. <span class=\"_ _2f\"></span>These valuation techniques mak<span class=\"_ _4\"></span>e use of market-observ<span class=\"_ _3\"></span>able<span class=\"_ _36a\"> </span>data for all significant inputs where possible (L<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>el 2), but in some cases it may be necessary<span class=\"_ _3\"></span> to estimate using data <span class=\"_ _3\"></span>other than market-observ<span class=\"_ _3\"></span>able data within a valuation model f<span class=\"_ _3\"></span>or significant<span class=\"_ _36a\"> </span>inputs (Le<span class=\"_ _3\"></span>vel 3).<span class=\"_ _36a\"> </span>Fair va<span class=\"_ _c\"></span>lue m<span class=\"_ _c\"></span>ea<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt at <span class=\"_ _11c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span>  <span class=\"_ _e3\"> </span>Level 1 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 2 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 3 <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>025 <span class=\"_ _b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _134\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>properties <span class=\"_ _10f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _3f\"> </span>9<span class=\"_ _c\"></span>1.0  <span class=\"_ _3f\"> </span>91.0<span class=\"_ _36a\"> </span>Financial asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Equities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>Listed <span class=\"_ _8c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _137\"> </span>208.0  <span class=\"_ _86\"> </span>0.1  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _137\"> </span>208.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Holdings <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>collectiv<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>schemes <span class=\"_ _3b\"> </span>  <span class=\"_ _13a\"> </span>9,17<span class=\"_ _4\"></span>6<span class=\"_ _c\"></span>.7  <span class=\"_ _123\"> </span>35.6  <span class=\"_ _11f\"> </span>176.1  <span class=\"_ _163\"> </span>9,<span class=\"_ _c\"></span>388.4<span class=\"_ _36a\"> </span>Debt <span class=\"_ _c\"></span>securities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>gov<span class=\"_ _3\"></span>ernment <span class=\"_ _c\"></span>bonds <span class=\"_ _120\"> </span>  <span class=\"_ _f2\"> </span>420.3  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _41\"> </span>420.3<span class=\"_ _36a\"> </span>Debt securities \u2013 other debt securities <span class=\"_ _130\"> </span>  <span class=\"_ _d3\"> </span>635.1 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _d3\"> </span>635.1<span class=\"_ _36a\"> </span>Policyholders\u2019 funds held by the Gr<span class=\"_ _3\"></span>oup <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _14c\"> </span>2<span class=\"_ _c\"></span>,864.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _e8\"> </span>7<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.5 <span class=\"_ _3\"></span> <span class=\"_ _eb\"> </span>2,939.3<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _161\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _ef\"> </span>356.9  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _ef\"> </span>356.9<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11d\"> </span>35.0  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11d\"> </span>35.0<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.9  <span class=\"_ _c4\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _16\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _29\"> </span>42<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>3<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.7  <span class=\"_ _1b\"> </span>14<span class=\"_ _6\"></span>,075<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Investment contr<span class=\"_ _3\"></span>acts at fair value through <span class=\"_ _c\"></span>profit <span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>loss <span class=\"_ _16b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _3b\"> </span>6,71<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.0  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _157\"> </span>6,71<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.0<span class=\"_ _36a\"> </span>Liabilities related t<span class=\"_ _4\"></span>o policyholders\u2019 funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _6\"></span>Group <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _22b\"> </span>2,938.5  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _22b\"> </span>2,938.5<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e3\"> </span>9,6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e3\"> </span>9,<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Fair va<span class=\"_ _c\"></span>lue m<span class=\"_ _c\"></span>ea<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt at <span class=\"_ _11c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span>  <span class=\"_ _e3\"> </span>Level 1 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 2 <span class=\"_ _4\"></span> <span class=\"_ _1f9\"> </span>Level 3 <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>024 <span class=\"_ _16d\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>properties <span class=\"_ _10f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _134\"> </span>91.7  <span class=\"_ _134\"> </span>9<span class=\"_ _c\"></span>1.7<span class=\"_ _36a\"> </span>Financial asse<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Equities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>Listed <span class=\"_ _8c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>191.5  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _18b\"> </span>191.5<span class=\"_ _36a\"> </span>Holdings <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>collectiv<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>schemes <span class=\"_ _3b\"> </span>  <span class=\"_ _4e\"> </span>8,454.1  <span class=\"_ _11d\"> </span>38.9  <span class=\"_ _d4\"> </span>168<span class=\"_ _c\"></span>.6  <span class=\"_ _157\"> </span>8,661.6<span class=\"_ _36a\"> </span>Debt <span class=\"_ _c\"></span>securities <span class=\"_ _c\"></span>\u2013 <span class=\"_ _6\"></span>gov<span class=\"_ _3\"></span>ernment <span class=\"_ _c\"></span>bonds <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>44<span class=\"_ _c\"></span>6.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _d4\"> </span>446.1<span class=\"_ _36a\"> </span>Debt securities \u2013 other debt securities <span class=\"_ _130\"> </span>  <span class=\"_ _42\"> </span>644.8 <span class=\"_ _3\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _42\"> </span>644.8<span class=\"_ _36a\"> </span>Policyholders\u2019 funds held by the Gr<span class=\"_ _3\"></span>oup <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _29\"> </span>1,<span class=\"_ _3\"></span>781.6 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _11c\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.2 <span class=\"_ _4\"></span> <span class=\"_ _157\"> </span>1,825.8<span class=\"_ _36a\"> </span>Mortgage <span class=\"_ _c\"></span>loan <span class=\"_ _c\"></span>por<span class=\"_ _c\"></span>tfolio <span class=\"_ _161\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _f2\"> </span>346.9  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _f2\"> </span>346.9<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>deposited <span class=\"_ _c\"></span>with <span class=\"_ _6\"></span>reinsur<span class=\"_ _3\"></span>ers <span class=\"_ _1c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e8\"> </span>34<span class=\"_ _c\"></span>.3  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e8\"> </span>34<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1f9\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>5<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>8.<span class=\"_ _c\"></span>1  <span class=\"_ _29\"> </span>42<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _29\"> </span>304<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _18\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>24<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Investment contr<span class=\"_ _3\"></span>acts at fair value through <span class=\"_ _c\"></span>profit <span class=\"_ _c\"></span>or <span class=\"_ _c\"></span>loss <span class=\"_ _16b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _44\"> </span>6<span class=\"_ _c\"></span>,1<span class=\"_ _c\"></span>16.7  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _44\"> </span>6,1<span class=\"_ _c\"></span>16.7<span class=\"_ _36a\"> </span>Liabilities related t<span class=\"_ _4\"></span>o policyholders\u2019 funds <span class=\"_ _c\"></span>held <span class=\"_ _6\"></span>by the <span class=\"_ _6\"></span>Group <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _40\"> </span>1,825.5  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _3b\"> </span>1,825.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>financial <span class=\"_ _6\"></span>instruments <span class=\"_ _140\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.6  <span class=\"_ _c4\"> </span>\u2013  <span class=\"_ _e5\"> </span>0.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _140\"> </span>7<span class=\"_ _4\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _140\"> </span>7<span class=\"_ _4\"></span>,<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>42<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Der<span class=\"_ _3\"></span>iv<span class=\"_ _4\"></span>ative financial instruments<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e der<span class=\"_ _c\"></span>ivat<span class=\"_ _c\"></span>ives fi<span class=\"_ _c\"></span>nanc<span class=\"_ _c\"></span>ial i<span class=\"_ _c\"></span>nstru<span class=\"_ _c\"></span>ment<span class=\"_ _c\"></span>s inclu<span class=\"_ _c\"></span>de a forei<span class=\"_ _c\"></span>gn cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y hed<span class=\"_ _c\"></span>ge rel<span class=\"_ _c\"></span>ated to the G<span class=\"_ _c\"></span>roup. T<span class=\"_ _c\"></span>he hed<span class=\"_ _c\"></span>ge w<span class=\"_ _c\"></span>as renewe<span class=\"_ _c\"></span>d in Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5, fro<span class=\"_ _c\"></span>m whi<span class=\"_ _c\"></span>ch po<span class=\"_ _c\"></span>int a hed<span class=\"_ _c\"></span>gin<span class=\"_ _c\"></span>g relat<span class=\"_ _c\"></span>ionsh<span class=\"_ _c\"></span>ip was<span class=\"_ _36a\"> </span>desi<span class=\"_ _c\"></span>gnate<span class=\"_ _c\"></span>d. T<span class=\"_ _c\"></span>he forei<span class=\"_ _c\"></span>gn cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y hed<span class=\"_ _c\"></span>ge is b<span class=\"_ _c\"></span>eing u<span class=\"_ _c\"></span>sed as a n<span class=\"_ _c\"></span>et investm<span class=\"_ _c\"></span>ent hed<span class=\"_ _c\"></span>ge to m<span class=\"_ _c\"></span>anag<span class=\"_ _c\"></span>e the<span class=\"_ _36a\"> </span>imp<span class=\"_ _c\"></span>act of fore<span class=\"_ _c\"></span>ign excha<span class=\"_ _c\"></span>nge m<span class=\"_ _c\"></span>ovement<span class=\"_ _c\"></span>s bet<span class=\"_ _c\"></span>wee<span class=\"_ _c\"></span>n sterlin<span class=\"_ _c\"></span>g and b<span class=\"_ _c\"></span>oth the e<span class=\"_ _c\"></span>uro and Swe<span class=\"_ _c\"></span>dish k<span class=\"_ _c\"></span>rona<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>It inc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>es co<span class=\"_ _c\"></span>llar<span class=\"_ _c\"></span>s whic<span class=\"_ _c\"></span>h co<span class=\"_ _c\"></span>nsist<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>wo hed<span class=\"_ _c\"></span>ges: <span class=\"_ _6\"></span>one hedge to protect against the downside (sterling strengthening) (starting at strik<span class=\"_ _3\"></span>e A), and <span class=\"_ _3\"></span>one to remov<span class=\"_ _3\"></span>e the upside (weak<span class=\"_ _3\"></span>ening) (strike B); with the strik<span class=\"_ _4\"></span>es of these coordinated to result in no<span class=\"_ _36a\"> </span>upfront premium. <span class=\"_ _6\"></span>the second hedge (strike B) creates a liquidity requirement when it bites.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e ca<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>ed co<span class=\"_ _c\"></span>lla<span class=\"_ _c\"></span>r com<span class=\"_ _c\"></span>es wi<span class=\"_ _c\"></span>th an ad<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>iona<span class=\"_ _c\"></span>l leg w<span class=\"_ _c\"></span>hich c<span class=\"_ _c\"></span>reates va<span class=\"_ _c\"></span>lue an<span class=\"_ _c\"></span>d liqui<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>y w<span class=\"_ _c\"></span>hen exch<span class=\"_ _c\"></span>ange<span class=\"_ _36a\"> </span>rates move b<span class=\"_ _c\"></span>eyond a c<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ain p<span class=\"_ _c\"></span>oint (str<span class=\"_ _c\"></span>ike C).<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ere is an ec<span class=\"_ _c\"></span>ono<span class=\"_ _c\"></span>mic rel<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>nship b<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>ween th<span class=\"_ _c\"></span>e hed<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>d item and t<span class=\"_ _c\"></span>he he<span class=\"_ _c\"></span>dgi<span class=\"_ _c\"></span>ng inst<span class=\"_ _c\"></span>rume<span class=\"_ _c\"></span>nt as the<span class=\"_ _36a\"> </span>net investm<span class=\"_ _c\"></span>ent cre<span class=\"_ _c\"></span>ates a tran<span class=\"_ _c\"></span>slat<span class=\"_ _c\"></span>ion ri<span class=\"_ _c\"></span>sk that w<span class=\"_ _c\"></span>ill ma<span class=\"_ _c\"></span>tch the forei<span class=\"_ _c\"></span>gn exchan<span class=\"_ _c\"></span>ge ri<span class=\"_ _c\"></span>sk on the c<span class=\"_ _c\"></span>oll<span class=\"_ _c\"></span>ar<span class=\"_ _3\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e Grou<span class=\"_ _c\"></span>p has es<span class=\"_ _c\"></span>tab<span class=\"_ _c\"></span>lish<span class=\"_ _c\"></span>ed a he<span class=\"_ _c\"></span>dge r<span class=\"_ _c\"></span>atio of 1:<span class=\"_ _4\"></span>1 as t<span class=\"_ _c\"></span>he und<span class=\"_ _c\"></span>erl<span class=\"_ _c\"></span>yin<span class=\"_ _c\"></span>g risk of th<span class=\"_ _c\"></span>e hed<span class=\"_ _c\"></span>gin<span class=\"_ _c\"></span>g instr<span class=\"_ _c\"></span>ume<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>is ide<span class=\"_ _c\"></span>ntic<span class=\"_ _c\"></span>al to the he<span class=\"_ _c\"></span>dg<span class=\"_ _c\"></span>ed r<span class=\"_ _c\"></span>isk com<span class=\"_ _c\"></span>po<span class=\"_ _c\"></span>nent. T<span class=\"_ _c\"></span>he h<span class=\"_ _c\"></span>ed<span class=\"_ _c\"></span>ge ine<span class=\"_ _c\"></span>ffec<span class=\"_ _c\"></span>tiven<span class=\"_ _c\"></span>ess w<span class=\"_ _c\"></span>ill ari<span class=\"_ _c\"></span>se if the a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt of the invest<span class=\"_ _c\"></span>ment in t<span class=\"_ _c\"></span>he foreig<span class=\"_ _c\"></span>n subsi<span class=\"_ _c\"></span>diar<span class=\"_ _6\"></span>y was to bec<span class=\"_ _c\"></span>om<span class=\"_ _c\"></span>e lower th<span class=\"_ _c\"></span>an the n<span class=\"_ _c\"></span>omin<span class=\"_ _c\"></span>al amo<span class=\"_ _c\"></span>unt of the collar<span class=\"_ _3\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e net investm<span class=\"_ _c\"></span>ent he<span class=\"_ _c\"></span>dge<span class=\"_ _c\"></span>s were ass<span class=\"_ _c\"></span>esse<span class=\"_ _c\"></span>d to be hig<span class=\"_ _c\"></span>hly e<span class=\"_ _c\"></span>ffec<span class=\"_ _c\"></span>tive at 31 D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r 20<span class=\"_ _c\"></span>25 an<span class=\"_ _c\"></span>d a net<span class=\"_ _36a\"> </span>unreal<span class=\"_ _c\"></span>ised l<span class=\"_ _c\"></span>oss of \u00a3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _4\"></span>1<span class=\"_ _3\"></span>m has b<span class=\"_ _c\"></span>een re<span class=\"_ _c\"></span>cord<span class=\"_ _c\"></span>ed in t<span class=\"_ _c\"></span>he tran<span class=\"_ _c\"></span>slat<span class=\"_ _c\"></span>ion rese<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>ve.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e grou<span class=\"_ _c\"></span>p\u2019<span class=\"_ _3\"></span>s curre<span class=\"_ _c\"></span>ncy r<span class=\"_ _c\"></span>isk man<span class=\"_ _c\"></span>ag<span class=\"_ _c\"></span>ement s<span class=\"_ _c\"></span>trateg<span class=\"_ _c\"></span>y is ou<span class=\"_ _c\"></span>tlin<span class=\"_ _c\"></span>ed in th<span class=\"_ _c\"></span>e risk ma<span class=\"_ _c\"></span>nag<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt sec<span class=\"_ _c\"></span>tion of t<span class=\"_ _c\"></span>he<span class=\"_ _36a\"> </span>fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al st<span class=\"_ _c\"></span>atement<span class=\"_ _c\"></span>s, und<span class=\"_ _c\"></span>er th<span class=\"_ _c\"></span>e \u2018Invest<span class=\"_ _c\"></span>ment an<span class=\"_ _c\"></span>d Li<span class=\"_ _c\"></span>quid<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y Ris<span class=\"_ _c\"></span>k<span class=\"_ _c\"></span>\u2019 sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n. A<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>lic<span class=\"_ _c\"></span>atio<span class=\"_ _c\"></span>ns of the s<span class=\"_ _c\"></span>trateg<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>and too<span class=\"_ _c\"></span>ls use<span class=\"_ _c\"></span>d to man<span class=\"_ _c\"></span>age t<span class=\"_ _c\"></span>he cur<span class=\"_ _c\"></span>renc<span class=\"_ _c\"></span>y tran<span class=\"_ _c\"></span>slati<span class=\"_ _c\"></span>on risk a<span class=\"_ _c\"></span>re covere<span class=\"_ _c\"></span>d in the fi<span class=\"_ _c\"></span>nan<span class=\"_ _c\"></span>cial r<span class=\"_ _c\"></span>isk dis<span class=\"_ _c\"></span>clo<span class=\"_ _c\"></span>sure<span class=\"_ _36a\"> </span>Note B<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>(a)(<span class=\"_ _c\"></span>iv). T<span class=\"_ _c\"></span>he he<span class=\"_ _c\"></span>dge c<span class=\"_ _c\"></span>reates an u<span class=\"_ _c\"></span>nce<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tai<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>y aroun<span class=\"_ _c\"></span>d future c<span class=\"_ _c\"></span>ash fl<span class=\"_ _c\"></span>ows t<span class=\"_ _c\"></span>hroug<span class=\"_ _c\"></span>h coll<span class=\"_ _c\"></span>ateral p<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>ted<span class=\"_ _36a\"> </span>for the d<span class=\"_ _c\"></span>eriv<span class=\"_ _c\"></span>ative, w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h fluc<span class=\"_ _c\"></span>tua<span class=\"_ _c\"></span>tes in line w<span class=\"_ _c\"></span>ith fl<span class=\"_ _c\"></span>uct<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>ons in th<span class=\"_ _c\"></span>e der<span class=\"_ _c\"></span>ivat<span class=\"_ _c\"></span>ive lia<span class=\"_ _c\"></span>bilit<span class=\"_ _6\"></span>y and creates<span class=\"_ _36a\"> </span>an unc<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ain, un<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>pp<span class=\"_ _c\"></span>ed li<span class=\"_ _c\"></span>quid<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y req<span class=\"_ _c\"></span>uireme<span class=\"_ _c\"></span>nt when i<span class=\"_ _c\"></span>t bites<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues (continued)<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment proper<span class=\"_ _4\"></span>ties<span class=\"_ _36a\"> </span>The in<span class=\"_ _3\"></span>vestment properties are v<span class=\"_ _3\"></span>alued by <span class=\"_ _4\"></span>external chartered survey<span class=\"_ _4\"></span>ors using industry standard<span class=\"_ _36a\"> </span>techniques based on guidance from the R<span class=\"_ _3\"></span>oy<span class=\"_ _3\"></span>al Institute of Chartered <span class=\"_ _4\"></span>Surve<span class=\"_ _3\"></span>yors. <span class=\"_ _2f\"></span>The v<span class=\"_ _3\"></span>aluation<span class=\"_ _36a\"> </span>methodology includes an assessment of general mark<span class=\"_ _3\"></span>et conditions and sector lev<span class=\"_ _3\"></span>el transactions<span class=\"_ _36a\"> </span>and takes account <span class=\"_ _3\"></span>of e<span class=\"_ _4\"></span>xpectat<span class=\"_ _c\"></span>ions of <span class=\"_ _4\"></span>occupancy rates, rental income and growth. Properties<span class=\"_ _36a\"> </span>undergo individual scrutiny using cash flo<span class=\"_ _4\"></span>w analysis to factor in the timing <span class=\"_ _3\"></span>of rental revie<span class=\"_ _3\"></span>ws, capital<span class=\"_ _36a\"> </span>expenditure, lease incentiv<span class=\"_ _4\"></span>es, dilapidat<span class=\"_ _c\"></span>ion and operating <span class=\"_ _3\"></span>expenses; these re<span class=\"_ _4\"></span>views utilise both<span class=\"_ _36a\"> </span>observable and unobserv<span class=\"_ _3\"></span>able inputs.<span class=\"_ _36a\"> </span>Holdings in collective in<span class=\"_ _3\"></span>vestment sc<span class=\"_ _4\"></span>hemes<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e hol<span class=\"_ _c\"></span>ding<span class=\"_ _c\"></span>s cl<span class=\"_ _c\"></span>assi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Leve<span class=\"_ _c\"></span>l 3 \u00a31<span class=\"_ _5\"></span>7<span class=\"_ _c\"></span>6.<span class=\"_ _3\"></span>1<span class=\"_ _4\"></span>m (<span class=\"_ _c\"></span>De<span class=\"_ _c\"></span>c 20<span class=\"_ _c\"></span>24: \u00a31<span class=\"_ _5\"></span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6m) rel<span class=\"_ _c\"></span>ate to Sc<span class=\"_ _c\"></span>ild<span class=\"_ _c\"></span>on, an<span class=\"_ _c\"></span>d represe<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>investm<span class=\"_ _c\"></span>ents he<span class=\"_ _c\"></span>ld in a mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge fun<span class=\"_ _c\"></span>d. T<span class=\"_ _c\"></span>hes<span class=\"_ _c\"></span>e are cla<span class=\"_ _c\"></span>ssi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Level 3 a<span class=\"_ _c\"></span>s the fai<span class=\"_ _c\"></span>r value i<span class=\"_ _c\"></span>s deri<span class=\"_ _c\"></span>ve<span class=\"_ _36a\"> </span>d<span class=\"_ _36a\"> </span>from val<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>on tech<span class=\"_ _c\"></span>nique<span class=\"_ _c\"></span>s that i<span class=\"_ _c\"></span>nclu<span class=\"_ _c\"></span>de inp<span class=\"_ _c\"></span>uts t<span class=\"_ _c\"></span>hat are n<span class=\"_ _c\"></span>ot base<span class=\"_ _c\"></span>d on o<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable m<span class=\"_ _c\"></span>arket dat<span class=\"_ _c\"></span>a.<span class=\"_ _36a\"> </span>P<span class=\"_ _3\"></span>olicyholder funds held by the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ere is als<span class=\"_ _c\"></span>o a small h<span class=\"_ _c\"></span>old<span class=\"_ _c\"></span>ing of as<span class=\"_ _c\"></span>sets c<span class=\"_ _c\"></span>las<span class=\"_ _c\"></span>sifi<span class=\"_ _c\"></span>ed a<span class=\"_ _c\"></span>s Level 3 \u00a3<span class=\"_ _c\"></span>74.5<span class=\"_ _c\"></span>m (<span class=\"_ _c\"></span>Dec 2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>24: \u00a34<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2m) from o<span class=\"_ _c\"></span>u<span class=\"_ _36a\"> </span>r<span class=\"_ _36a\"> </span>Moves<span class=\"_ _c\"></span>tic o<span class=\"_ _c\"></span>per<span class=\"_ _c\"></span>ation w<span class=\"_ _c\"></span>hic<span class=\"_ _c\"></span>h are unlis<span class=\"_ _c\"></span>ted. T<span class=\"_ _c\"></span>he va<span class=\"_ _c\"></span>luati<span class=\"_ _c\"></span>on of the v<span class=\"_ _c\"></span>ast m<span class=\"_ _c\"></span>ajor<span class=\"_ _c\"></span>it<span class=\"_ _c\"></span>y of the<span class=\"_ _c\"></span>se ass<span class=\"_ _c\"></span>ets is b<span class=\"_ _c\"></span>ased<span class=\"_ _36a\"> </span>on uno<span class=\"_ _c\"></span>bse<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vab<span class=\"_ _c\"></span>le pr<span class=\"_ _c\"></span>ice<span class=\"_ _c\"></span>s from tr<span class=\"_ _c\"></span>adin<span class=\"_ _c\"></span>g on the ove<span class=\"_ _c\"></span>r-the<span class=\"_ _6\"></span>-<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>unter ma<span class=\"_ _c\"></span>rket.<span class=\"_ _36a\"> </span>Debt secur<span class=\"_ _3\"></span>ities<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e debt s<span class=\"_ _c\"></span>ecu<span class=\"_ _c\"></span>ritie<span class=\"_ _c\"></span>s cla<span class=\"_ _c\"></span>ssi<span class=\"_ _c\"></span>fie<span class=\"_ _c\"></span>d as Leve<span class=\"_ _c\"></span>l 2 at 2024 an<span class=\"_ _c\"></span>d 2025 are tr<span class=\"_ _c\"></span>ade<span class=\"_ _c\"></span>d in ac<span class=\"_ _c\"></span>tive m<span class=\"_ _c\"></span>arkets w<span class=\"_ _c\"></span>ith le<span class=\"_ _c\"></span>ss<span class=\"_ _36a\"> </span>dept<span class=\"_ _c\"></span>h or wi<span class=\"_ _c\"></span>der b<span class=\"_ _c\"></span>id<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>ask sprea<span class=\"_ _c\"></span>ds. T<span class=\"_ _c\"></span>his d<span class=\"_ _c\"></span>oe<span class=\"_ _c\"></span>s not meet t<span class=\"_ _c\"></span>he cl<span class=\"_ _c\"></span>assi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>cat<span class=\"_ _c\"></span>ion as L<span class=\"_ _c\"></span>evel 1 inp<span class=\"_ _c\"></span>uts. T<span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>e fair<span class=\"_ _36a\"> </span>value<span class=\"_ _c\"></span>s of debt s<span class=\"_ _c\"></span>ecu<span class=\"_ _c\"></span>riti<span class=\"_ _c\"></span>es not tr<span class=\"_ _c\"></span>ade<span class=\"_ _c\"></span>d in ac<span class=\"_ _c\"></span>tive m<span class=\"_ _c\"></span>arkets are deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g broker qu<span class=\"_ _c\"></span>otes or<span class=\"_ _36a\"> </span>valu<span class=\"_ _c\"></span>ation te<span class=\"_ _c\"></span>chniq<span class=\"_ _c\"></span>ues w<span class=\"_ _c\"></span>ith o<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable m<span class=\"_ _c\"></span>arket inpu<span class=\"_ _c\"></span>ts. F<span class=\"_ _c\"></span>inan<span class=\"_ _c\"></span>cia<span class=\"_ _c\"></span>l instr<span class=\"_ _c\"></span>ument<span class=\"_ _c\"></span>s value<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g broker<span class=\"_ _36a\"> </span>quotes are c<span class=\"_ _c\"></span>las<span class=\"_ _c\"></span>sifi<span class=\"_ _c\"></span>ed a<span class=\"_ _c\"></span>t Level 2, o<span class=\"_ _c\"></span>nly w<span class=\"_ _c\"></span>here the<span class=\"_ _c\"></span>re is a suffi<span class=\"_ _c\"></span>ci<span class=\"_ _c\"></span>ent ran<span class=\"_ _c\"></span>ge of avai<span class=\"_ _c\"></span>lab<span class=\"_ _c\"></span>le qu<span class=\"_ _c\"></span>otes.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>ese as<span class=\"_ _c\"></span>sets were va<span class=\"_ _c\"></span>lued u<span class=\"_ _c\"></span>sing c<span class=\"_ _c\"></span>ounter<span class=\"_ _c\"></span>pa<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y or bro<span class=\"_ _c\"></span>ker quotes and a<span class=\"_ _c\"></span>re per<span class=\"_ _c\"></span>iod<span class=\"_ _c\"></span>ic<span class=\"_ _c\"></span>ally v<span class=\"_ _c\"></span>alid<span class=\"_ _c\"></span>ated<span class=\"_ _36a\"> </span>against third<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>par<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y models<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs67\">31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _22c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _17\"> </span>C<span class=\"_ _c\"></span>hang<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span> </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs68\">Net investment in foreign operations<span class=\"ls1 ws76\"> <span class=\"_ _214\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _2a\"> </span>v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>use<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span></span><span class=\"ls1 ws76\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs69\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _cb\"> </span>for <span class=\"_ _6\"></span>measuring  <span class=\"_ _132\"> </span>Change <span class=\"_ _6\"></span>in</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs6a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _119\"> </span>Notional  <span class=\"_ _e5\"> </span>C<span class=\"_ _c\"></span>arry<span class=\"_ _c\"></span>ing  <span class=\"_ _b\"> </span>inef<span class=\"_ _c\"></span>fec<span class=\"_ _c\"></span>tivene<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>fair <span class=\"_ _c\"></span>v<span class=\"_ _c\"></span>alue <span class=\"_ _c\"></span>o<span class=\"_ _c\"></span>f</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs6b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _128\"> </span>amou<span class=\"_ _c\"></span>nt  <span class=\"_ _128\"> </span>am<span class=\"_ _c\"></span>ount  <span class=\"_ _42\"> </span>for <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>yea<span class=\"_ _c\"></span>r  <span class=\"_ _14c\"> </span>h<span class=\"_ _c\"></span>edg<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>ite<span class=\"_ _c\"></span>m</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs6c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc7 sc0 ls8a ws6e gs6d\">Hedging ins<span class=\"_ _c\"></span>trument included in derivative financial instrument<span class=\"_ _c\"></span>s in the Statement of Financial Position<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs6e\">Uncapped <span class=\"_ _c\"></span>collar <span class=\"_ _1d0\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>42<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.6  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _16b\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc7 sc0 ls6c ws55 gs6f\">Hedged item<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs70\">Net <span class=\"_ _c\"></span>investment <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>for<span class=\"_ _3\"></span>eign <span class=\"_ _c\"></span>subsidiaries <span class=\"_ _22d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.<span class=\"_ _36a\"> </span>9<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gs71\">There are no comparativ<span class=\"_ _3\"></span>es as the hedging relationship was designated in December 2025.<span class=\"_ _36a\"> </span></div>W<span class=\"_ _c\"></span>ithin d<span class=\"_ _c\"></span>eri<span class=\"_ _c\"></span>vati<span class=\"_ _c\"></span>ve fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al inst<span class=\"_ _c\"></span>rume<span class=\"_ _c\"></span>nts is a fi<span class=\"_ _c\"></span>nanc<span class=\"_ _c\"></span>ial rei<span class=\"_ _c\"></span>nsura<span class=\"_ _c\"></span>nce em<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>dd<span class=\"_ _c\"></span>ed de<span class=\"_ _c\"></span>riv<span class=\"_ _c\"></span>ative rel<span class=\"_ _c\"></span>ated to our M<span class=\"_ _c\"></span>ovestic o<span class=\"_ _c\"></span>pe<span class=\"_ _c\"></span>ratio<span class=\"_ _c\"></span>n. T<span class=\"_ _c\"></span>he Gro<span class=\"_ _c\"></span>up ha<span class=\"_ _c\"></span>s entered into a reinsu<span class=\"_ _c\"></span>ranc<span class=\"_ _c\"></span>e co<span class=\"_ _c\"></span>ntrac<span class=\"_ _c\"></span>t wi<span class=\"_ _c\"></span>th a third p<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>that h<span class=\"_ _c\"></span>as a sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n that is d<span class=\"_ _c\"></span>eem<span class=\"_ _c\"></span>ed to tr<span class=\"_ _c\"></span>ansfer si<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>fic<span class=\"_ _c\"></span>ant insu<span class=\"_ _c\"></span>ranc<span class=\"_ _c\"></span>e risk a<span class=\"_ _c\"></span>nd a sec<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n that i<span class=\"_ _c\"></span>s deem<span class=\"_ _c\"></span>ed<span class=\"_ _36a\"> </span>not to tran<span class=\"_ _c\"></span>sfer sig<span class=\"_ _c\"></span>nifi<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ant insur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e risk<span class=\"_ _c\"></span>. Th<span class=\"_ _c\"></span>e elem<span class=\"_ _c\"></span>ent of the c<span class=\"_ _c\"></span>ontr<span class=\"_ _c\"></span>act t<span class=\"_ _c\"></span>hat do<span class=\"_ _c\"></span>es not t<span class=\"_ _c\"></span>rans<span class=\"_ _c\"></span>fer<span class=\"_ _36a\"> </span>signi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>nt insura<span class=\"_ _c\"></span>nce r<span class=\"_ _c\"></span>isk has t<span class=\"_ _c\"></span>w<span class=\"_ _c\"></span>o com<span class=\"_ _c\"></span>pon<span class=\"_ _c\"></span>ents an<span class=\"_ _c\"></span>d has b<span class=\"_ _c\"></span>een a<span class=\"_ _c\"></span>cc<span class=\"_ _c\"></span>ounted for a<span class=\"_ _c\"></span>s a fina<span class=\"_ _c\"></span>nci<span class=\"_ _c\"></span>al lia<span class=\"_ _c\"></span>bilit<span class=\"_ _6\"></span>y<span class=\"_ _36a\"> </span>at amo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tise<span class=\"_ _c\"></span>d cos<span class=\"_ _c\"></span>t and an e<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>dd<span class=\"_ _c\"></span>ed d<span class=\"_ _c\"></span>eriv<span class=\"_ _c\"></span>ative a<span class=\"_ _c\"></span>sset at fa<span class=\"_ _c\"></span>ir valu<span class=\"_ _c\"></span>e.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e emb<span class=\"_ _c\"></span>ed<span class=\"_ _c\"></span>ded d<span class=\"_ _c\"></span>eri<span class=\"_ _c\"></span>vati<span class=\"_ _c\"></span>ve represe<span class=\"_ _c\"></span>nts an o<span class=\"_ _c\"></span>ptio<span class=\"_ _c\"></span>n to repay th<span class=\"_ _c\"></span>e amou<span class=\"_ _c\"></span>nts du<span class=\"_ _c\"></span>e unde<span class=\"_ _c\"></span>r the c<span class=\"_ _c\"></span>ontra<span class=\"_ _c\"></span>ct e<span class=\"_ _c\"></span>arl<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>at a disc<span class=\"_ _c\"></span>ount to th<span class=\"_ _c\"></span>e amo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tise<span class=\"_ _c\"></span>d cos<span class=\"_ _c\"></span>t, w<span class=\"_ _c\"></span>ith it<span class=\"_ _c\"></span>s fair va<span class=\"_ _c\"></span>lue be<span class=\"_ _c\"></span>ing deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d by referenc<span class=\"_ _c\"></span>e to market<span class=\"_ _36a\"> </span>interest ra<span class=\"_ _c\"></span>te at the year-<span class=\"_ _6\"></span>end date. I<span class=\"_ _c\"></span>t is, ac<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>rding<span class=\"_ _c\"></span>ly, determine<span class=\"_ _c\"></span>d at Level 2 i<span class=\"_ _c\"></span>n the thre<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>l<span class=\"_ _c\"></span>evel fair<span class=\"_ _36a\"> </span>value d<span class=\"_ _c\"></span>etermi<span class=\"_ _c\"></span>natio<span class=\"_ _c\"></span>n hier<span class=\"_ _c\"></span>archy. Furth<span class=\"_ _c\"></span>er det<span class=\"_ _c\"></span>ail c<span class=\"_ _c\"></span>an b<span class=\"_ _c\"></span>e found in N<span class=\"_ _c\"></span>ote E5<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>Inv<span class=\"_ _3\"></span>estment contract liabilities<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e investm<span class=\"_ _c\"></span>ent cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t lia<span class=\"_ _c\"></span>bilit<span class=\"_ _c\"></span>ies in L<span class=\"_ _c\"></span>evel 2 of the val<span class=\"_ _c\"></span>uati<span class=\"_ _c\"></span>on hier<span class=\"_ _c\"></span>archy rep<span class=\"_ _c\"></span>resent th<span class=\"_ _c\"></span>e fair va<span class=\"_ _c\"></span>lue of linked and n<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>linked liabi<span class=\"_ _c\"></span>litie<span class=\"_ _c\"></span>s value<span class=\"_ _c\"></span>d usin<span class=\"_ _c\"></span>g est<span class=\"_ _c\"></span>abl<span class=\"_ _c\"></span>ished a<span class=\"_ _c\"></span>ctu<span class=\"_ _c\"></span>ari<span class=\"_ _c\"></span>al tech<span class=\"_ _c\"></span>nique<span class=\"_ _c\"></span>s utili<span class=\"_ _c\"></span>sing m<span class=\"_ _c\"></span>arket<span class=\"_ _36a\"> </span>obs<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>va<span class=\"_ _c\"></span>ble d<span class=\"_ _c\"></span>ata fo<span class=\"_ _c\"></span>r all sig<span class=\"_ _c\"></span>nifi<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ant inpu<span class=\"_ _c\"></span>ts, s<span class=\"_ _c\"></span>uch as i<span class=\"_ _c\"></span>nvestme<span class=\"_ _c\"></span>nt yiel<span class=\"_ _c\"></span>ds.<span class=\"_ _36a\"> </span>Significant unobserv<span class=\"_ _3\"></span>able inputs in Level 3 instr<span class=\"_ _4\"></span>uments valuations<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e Level 3 ins<span class=\"_ _c\"></span>trum<span class=\"_ _c\"></span>ents h<span class=\"_ _c\"></span>eld in th<span class=\"_ _c\"></span>e Grou<span class=\"_ _c\"></span>p are in relat<span class=\"_ _c\"></span>ion to invest<span class=\"_ _c\"></span>ment<span class=\"_ _c\"></span>s held i<span class=\"_ _c\"></span>n an Aeg<span class=\"_ _c\"></span>on m<span class=\"_ _c\"></span>ana<span class=\"_ _c\"></span>ged<span class=\"_ _36a\"> </span>Dutc<span class=\"_ _c\"></span>h Mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tgag<span class=\"_ _c\"></span>e Fund t<span class=\"_ _c\"></span>hat c<span class=\"_ _c\"></span>onta<span class=\"_ _c\"></span>ins mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tgag<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>-<span class=\"_ _6\"></span>backed a<span class=\"_ _c\"></span>ssets i<span class=\"_ _c\"></span>n the N<span class=\"_ _c\"></span>ether<span class=\"_ _c\"></span>land<span class=\"_ _c\"></span>s. T<span class=\"_ _c\"></span>he fai<span class=\"_ _c\"></span>r value<span class=\"_ _36a\"> </span>of the mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge fun<span class=\"_ _c\"></span>d is deter<span class=\"_ _c\"></span>mine<span class=\"_ _c\"></span>d by the fu<span class=\"_ _c\"></span>nd man<span class=\"_ _c\"></span>ag<span class=\"_ _c\"></span>er on a mo<span class=\"_ _c\"></span>nthl<span class=\"_ _c\"></span>y basi<span class=\"_ _c\"></span>s using a<span class=\"_ _c\"></span>n in<span class=\"_ _c\"></span>-<span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>ouse<span class=\"_ _36a\"> </span>valu<span class=\"_ _c\"></span>ation m<span class=\"_ _c\"></span>od<span class=\"_ _c\"></span>el. T<span class=\"_ _c\"></span>he va<span class=\"_ _c\"></span>luati<span class=\"_ _c\"></span>on mo<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>l relies on a n<span class=\"_ _c\"></span>umb<span class=\"_ _c\"></span>er of uno<span class=\"_ _c\"></span>bser<span class=\"_ _6\"></span>vable i<span class=\"_ _c\"></span>nput<span class=\"_ _c\"></span>s, th<span class=\"_ _c\"></span>e most<span class=\"_ _36a\"> </span>signi<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>ca<span class=\"_ _c\"></span>nt bein<span class=\"_ _c\"></span>g the as<span class=\"_ _c\"></span>sume<span class=\"_ _c\"></span>d con<span class=\"_ _c\"></span>dit<span class=\"_ _c\"></span>iona<span class=\"_ _c\"></span>l prep<span class=\"_ _c\"></span>aym<span class=\"_ _c\"></span>ent rate, the d<span class=\"_ _c\"></span>isc<span class=\"_ _c\"></span>ount ra<span class=\"_ _c\"></span>te and the im<span class=\"_ _c\"></span>pa<span class=\"_ _c\"></span>irme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>rate, all of w<span class=\"_ _c\"></span>hich a<span class=\"_ _c\"></span>re app<span class=\"_ _c\"></span>lied to th<span class=\"_ _c\"></span>e antic<span class=\"_ _c\"></span>ipa<span class=\"_ _c\"></span>ted mo<span class=\"_ _c\"></span>dell<span class=\"_ _c\"></span>ed c<span class=\"_ _c\"></span>ash fl<span class=\"_ _c\"></span>ows to de<span class=\"_ _c\"></span>rive th<span class=\"_ _c\"></span>e fair va<span class=\"_ _c\"></span>lue of the<span class=\"_ _36a\"> </span>underlyin<span class=\"_ _c\"></span>g asset.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e assum<span class=\"_ _c\"></span>ed C<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>diti<span class=\"_ _c\"></span>onal P<span class=\"_ _c\"></span>rep<span class=\"_ _c\"></span>aym<span class=\"_ _c\"></span>ent Rate (C<span class=\"_ _c\"></span>P<span class=\"_ _c\"></span>R) is us<span class=\"_ _c\"></span>ed to ca<span class=\"_ _c\"></span>lcul<span class=\"_ _c\"></span>ate the p<span class=\"_ _c\"></span>rojec<span class=\"_ _c\"></span>ted pre<span class=\"_ _c\"></span>pay<span class=\"_ _c\"></span>ment<span class=\"_ _36a\"> </span>ca<span class=\"_ _c\"></span>sh flow p<span class=\"_ _c\"></span>er in<span class=\"_ _c\"></span>div<span class=\"_ _c\"></span>idu<span class=\"_ _c\"></span>al lo<span class=\"_ _c\"></span>an and re<span class=\"_ _c\"></span>fle<span class=\"_ _c\"></span>cts t<span class=\"_ _c\"></span>he antic<span class=\"_ _c\"></span>ip<span class=\"_ _c\"></span>ated ea<span class=\"_ _c\"></span>rly re<span class=\"_ _c\"></span>pay<span class=\"_ _c\"></span>ment of mo<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>tga<span class=\"_ _c\"></span>ge b<span class=\"_ _c\"></span>alan<span class=\"_ _c\"></span>ces<span class=\"_ _c\"></span>.<span class=\"_ _36a\"> </span>Th<span class=\"_ _c\"></span>e CP<span class=\"_ _c\"></span>R is ba<span class=\"_ _c\"></span>sed on fo<span class=\"_ _c\"></span>ur var<span class=\"_ _c\"></span>iab<span class=\"_ _c\"></span>les: <span class=\"_ _cd\"></span><span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _c\"></span>Contract age \u2013 T<span class=\"_ _3\"></span>he CPR for ne<span class=\"_ _4\"></span>wly originated mortgage loans will initially be low<span class=\"_ _5\"></span>, after which it increases for a couple <span class=\"_ _3\"></span>of <span class=\"_ _4\"></span>years to its maximum <span class=\"_ _4\"></span>expected value, and subsequently diminishes<span class=\"_ _36a\"> </span>ov<span class=\"_ _3\"></span>er time. <span class=\"_ _cd\"></span><span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Interest rate diff<span class=\"_ _3\"></span>erential \u2013 <span class=\"_ _4\"></span>The diff<span class=\"_ _3\"></span>erence between the contractual rates and current interest rates<span class=\"_ _36a\"> </span>are positively correlated with prepa<span class=\"_ _4\"></span>yments. <span class=\"_ _5\"></span>When contractual rates are higher than interest rates<span class=\"_ _36a\"> </span>of newly <span class=\"_ _3\"></span>originated mortgages, we <span class=\"_ _4\"></span>observe more prepayments and the vice versa. <span class=\"_ _cd\"></span><span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Previous partial repa<span class=\"_ _3\"></span>yments \u2013 <span class=\"_ _4\"></span>Borrow<span class=\"_ _4\"></span>ers who made a partial prepayment in the past, are more likely<span class=\"_ _36a\"> </span>to do so in the future. <span class=\"_ _28\"></span><span class=\"_ _28\"></span><span class=\"_ _28\"> </span>\u2013 <span class=\"_ _6\"></span>Burnout eff<span class=\"_ _4\"></span>ect \u2013 B<span class=\"_ _4\"></span>orrowers who ha<span class=\"_ _4\"></span>ve not made a prepayment in the past, while their option to prepa<span class=\"_ _4\"></span>y<span class=\"_ _36a\"> </span>was in the mone<span class=\"_ _3\"></span>y<span class=\"_ _4\"></span>, are less likely to prepa<span class=\"_ _3\"></span>y in the future.<span class=\"_ _36a\"> </span>The projected prepa<span class=\"_ _3\"></span>yment cash flows per loan are then combined to deriv<span class=\"_ _3\"></span>e an av<span class=\"_ _4\"></span>erage expected<span class=\"_ _36a\"> </span>lif<span class=\"_ _3\"></span>etime CPR, which is then applied to the outstanding balance <span class=\"_ _3\"></span>of the fund. <span class=\"_ _2f\"></span>The CP<span class=\"_ _c\"></span>R used in the<span class=\"_ _36a\"> </span>valuation <span class=\"_ _3\"></span>of the fund as at 3<span class=\"_ _4\"></span>1 December 2025 was 3.9% (3<span class=\"_ _4\"></span>1 December 2024: 3.<span class=\"_ _4\"></span>7%).<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>expected projected cash flo<span class=\"_ _4\"></span>ws for each mortgage within the loan portfolio are discounted using<span class=\"_ _36a\"> </span>rates that are derived using a matrix in<span class=\"_ _3\"></span>volving the f<span class=\"_ _3\"></span>ollowing three parameters: <span class=\"_ _cd\"></span><span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>The remaining fix<span class=\"_ _3\"></span>ed rate term of the mortgage <span class=\"_ _cd\"></span><span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Index<span class=\"_ _3\"></span>ed Loan to <span class=\"_ _5\"></span>V<span class=\"_ _3\"></span>alue (L<span class=\"_ _5\"></span>TV) of each mortgage <span class=\"_ _cd\"></span><span class=\"_ _cd\"></span><span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Current (A<span class=\"_ _4\"></span>egon) mortgage rates<span class=\"_ _36a\"> </span>At 3<span class=\"_ _4\"></span>1 December 2025 this resulted in discounting the cash flows in each mortgage using a range<span class=\"_ _36a\"> </span>from 3.81<span class=\"_ _2f\"></span>% to 4.70% (3<span class=\"_ _4\"></span>1 December 2024: 4.06% to 4.26%).<span class=\"_ _36a\"> </span>An impairment percentage is applied to those loan cash flows which are in arrears, to reflect the<span class=\"_ _36a\"> </span>chance of the loan actually going into def<span class=\"_ _4\"></span>ault. For those loans which are 1, 2 or 3 months in ar<span class=\"_ _3\"></span>rears,<span class=\"_ _36a\"> </span>an impairment percentage is applied to reflect the chance of def<span class=\"_ _3\"></span>ault. <span class=\"_ _2f\"></span>This percentage ranges from<span class=\"_ _36a\"> </span>0.60% for 1 month in arrears to 1<span class=\"_ _4\"></span>3.70% for loans which are 3 months in ar<span class=\"_ _3\"></span>rears (3<span class=\"_ _4\"></span>1 December 2024:<span class=\"_ _36a\"> </span>0.60% for 1 month in arrears to 1<span class=\"_ _4\"></span>3.<span class=\"_ _5\"></span>70% for loans which are 3 months in arrears). Loans which are in default receiv<span class=\"_ _3\"></span>e a 1<span class=\"_ _4\"></span>0<span class=\"_ _c\"></span>0% reduction in value.<span class=\"_ _36a\"> </span>The v<span class=\"_ _3\"></span>alue of the fund has the potential to decrease <span class=\"_ _3\"></span>or increase o<span class=\"_ _4\"></span>ver time. <span class=\"_ _5\"></span>This can be as a<span class=\"_ _36a\"> </span>consequence of a periodic reassessment <span class=\"_ _3\"></span>of the conditional prepayment rate and/or the discount<span class=\"_ _36a\"> </span>rate used in the valuation model.<span class=\"_ _36a\"> </span>A <span class=\"_ _9\"></span>1 <span class=\"_ _c\"></span>percent increase in the discount rate would reduce the v<span class=\"_ _3\"></span>alue of the asset b<span class=\"_ _3\"></span>y \u00a3<span class=\"_ _3\"></span>1<span class=\"_ _4\"></span>5.<span class=\"_ _4\"></span>1m (3<span class=\"_ _4\"></span>1 December 2024: \u00a31<span class=\"_ _4\"></span>5.3m).<span class=\"_ _36a\"> </span>A <span class=\"_ _9\"></span>1 <span class=\"_ _c\"></span>percent decrease in the discount rate would increase the v<span class=\"_ _3\"></span>alue of the asset b<span class=\"_ _3\"></span>y \u00a31<span class=\"_ _5\"></span>7<span class=\"_ _5\"></span>.3<span class=\"_ _6\"></span>m (3<span class=\"_ _4\"></span>1 December 2024: \u00a31<span class=\"_ _4\"></span>7<span class=\"_ _2f\"></span>.<span class=\"_ _c\"></span>5m).<span class=\"_ _36a\"> </span>Reconciliation of Level 3 f<span class=\"_ _4\"></span>air value measur<span class=\"_ _4\"></span>ements of financial instruments<span class=\"_ _36a\"> </span>Level 3 mo<span class=\"_ _3\"></span>vement<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">ce</span><span class=\"ws76\">m<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _186\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _158\"> </span>Hol<span class=\"_ _c\"></span>din<span class=\"_ _c\"></span>gs <span class=\"_ _6\"></span>in  <span class=\"_ _61\"> </span> </span> <span class=\"_ _6\"></span> <span class=\"_ _193\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _156\"> </span>collective  <span class=\"_ _6\"></span>Policyholder  <span class=\"_ _198\"> </span>  <span class=\"_ _2\"> </span>In<span class=\"_ _3\"></span>vestment  <span class=\"_ _2\"> </span>investment  <span class=\"_ _28\"> </span>funds <span class=\"_ _c\"></span>held  <span class=\"_ _198\"> </span>  <span class=\"_ _18\"> </span>prop<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>es  <span class=\"_ _146\"> </span>sch<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>es  <span class=\"_ _14c\"> </span>by <span class=\"_ _6\"></span>Gro<span class=\"_ _c\"></span>up  <span class=\"_ _e5\"> </span>Total <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>sta<span class=\"_ _c\"></span>rt <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>rio<span class=\"_ _c\"></span>d <span class=\"_ _181\"> </span>  <span class=\"_ _85\"> </span>91<span class=\"_ _c\"></span>.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>68<span class=\"_ _6\"></span>.6  <span class=\"_ _129\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _134\"> </span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal gains and losses recognised in the <span class=\"_ _7\"> </span>Income <span class=\"_ _7\"> </span>Statement <span class=\"_ _3d\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _109\"> </span>5.6 <span class=\"_ _6\"> </span> <span class=\"_ _10b\"> </span>(2.0 ) <span class=\"_ _43\"> </span>(12 .6 ) <span class=\"_ _125\"> </span>(9.0 )<span class=\"_ _36a\"> </span>Purchases <span class=\"_ _173\"> </span>  <span class=\"_ _11e\"> </span>2.7  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _43\"> </span>42<span class=\"_ _c\"></span>.6  <span class=\"_ _43\"> </span>4<span class=\"_ _c\"></span>5.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Settlements <span class=\"_ _fb\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _17b\"> </span>(9.0 ) <span class=\"_ _112\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _52\"> </span>(6.1 ) <span class=\"_ _124\"> </span>(1 5.1 )<span class=\"_ _36a\"> </span>Exc<span class=\"_ _3\"></span>hange <span class=\"_ _c\"></span>rate <span class=\"_ _c\"></span>adjustment <span class=\"_ _109\"> </span>  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _11e\"> </span>9.5  <span class=\"_ _18c\"> </span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _125\"> </span>15.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>end <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>riod <span class=\"_ _1a7\"> </span>  <span class=\"_ _130\"> </span>91<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _127\"> </span>176<span class=\"_ _c\"></span>.1  <span class=\"_ _3a\"> </span>7<span class=\"_ _3\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _e5\"> </span>34<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">ce</span><span class=\"ws76\">m<span class=\"_ _c\"></span>be<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _a0\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _158\"> </span>Hol<span class=\"_ _c\"></span>din<span class=\"_ _c\"></span>gs <span class=\"_ _6\"></span>in  <span class=\"_ _61\"> </span> </span> <span class=\"_ _6\"></span> <span class=\"_ _193\"> </span>  <span class=\"_ _51\"> </span>  <span class=\"_ _156\"> </span>collective  <span class=\"_ _6\"></span>Policyholder  <span class=\"_ _198\"> </span>  <span class=\"_ _2\"> </span>In<span class=\"_ _3\"></span>vestment  <span class=\"_ _2\"> </span>investment  <span class=\"_ _28\"> </span>funds <span class=\"_ _c\"></span>held  <span class=\"_ _198\"> </span>  <span class=\"_ _18\"> </span>prop<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>es  <span class=\"_ _146\"> </span>sch<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>es  <span class=\"_ _14c\"> </span>by <span class=\"_ _6\"></span>Gro<span class=\"_ _c\"></span>up  <span class=\"_ _e5\"> </span>Total <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>sta<span class=\"_ _c\"></span>rt <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>rio<span class=\"_ _c\"></span>d <span class=\"_ _181\"> </span>  <span class=\"_ _130\"> </span>88<span class=\"_ _c\"></span>.1  <span class=\"_ _e9\"> </span>14<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _127\"> </span>42<span class=\"_ _6\"></span>.4  <span class=\"_ _e7\"> </span>27<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal gains and losses recognised in the <span class=\"_ _c\"></span>Income <span class=\"_ _6\"></span>Stat<span class=\"_ _3\"></span>ement <span class=\"_ _9e\"> </span>  <span class=\"_ _120\"> </span>8.1  <span class=\"_ _85\"> </span>33.5  <span class=\"_ _109\"> </span>1.9  <span class=\"_ _130\"> </span>43.5<span class=\"_ _36a\"> </span>Purchases <span class=\"_ _173\"> </span>  <span class=\"_ _100\"> </span>3.4  <span class=\"_ _112\"> </span>\u2013  <span class=\"_ _c4\"> </span>17<span class=\"_ _4\"></span>.0  <span class=\"_ _43\"> </span>20.4<span class=\"_ _36a\"> </span>Settlements <span class=\"_ _fb\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _114\"> </span>(7<span class=\"_ _3\"></span>.9 ) <span class=\"_ _112\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _85\"> </span>(13.9 ) <span class=\"_ _32\"> </span>(21. 8 )<span class=\"_ _36a\"> </span>Exc<span class=\"_ _3\"></span>hange <span class=\"_ _7\"> </span>rate <span class=\"_ _21c\"> </span>adjustment <span class=\"_ _1c2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _110\"> </span>\u2013 <span class=\"_ _1c\"> </span> <span class=\"_ _114\"> </span>(7<span class=\"_ _4\"></span>.4 ) <span class=\"_ _10c\"> </span>(3.2 ) <span class=\"_ _128\"> </span>(10.6 )<span class=\"_ _36a\"> </span>At <span class=\"_ _6\"></span>the <span class=\"_ _6\"></span>end <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>pe<span class=\"_ _c\"></span>riod <span class=\"_ _1a7\"> </span>  <span class=\"_ _85\"> </span>91<span class=\"_ _c\"></span>.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.6  <span class=\"_ _127\"> </span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _f7\"> </span>30<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues (continued)<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _fd\"> </span>C<span class=\"_ _c\"></span>arr<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>ing a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt <span class=\"_ _ed\"> </span>Fair va<span class=\"_ _c\"></span>lue <span class=\"_ _198\"> </span>  <span class=\"_ _119\"> </span>20<span class=\"ls1 ws1\">2<span class=\"ws76\">5  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>0</span>2<span class=\"_ _c\"></span><span class=\"ws76\">4  <span class=\"_ _119\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _e6\"> </span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4</span></span> <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span><span class=\"ws1\">\u00a3<span class=\"_ _c\"></span></span>m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Borro<span class=\"_ _3\"></span>wings <span class=\"_ _8d\"> </span>  <span class=\"_ _128\"> </span>201.1  <span class=\"_ _215\"> </span>200.8  <span class=\"_ _129\"> </span>185.8  <span class=\"_ _128\"> </span>166.1<span class=\"_ _36a\"> </span>Amounts due in relation to financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _168\"> </span>  <span class=\"_ _120\"> </span>1.0  <span class=\"_ _18c\"> </span>2.4  <span class=\"_ _120\"> </span>1.0  <span class=\"_ _11e\"> </span>2.3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm <span class=\"_ _6\"></span>finance <span class=\"_ _90\"> </span>  <span class=\"_ _18c\"> </span>0.9  <span class=\"_ _109\"> </span>1.6  <span class=\"_ _114\"> </span>0.9  <span class=\"_ _109\"> </span>1.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _22e\"> </span>  <span class=\"_ _f7\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _134\"> </span>20<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>1<span class=\"_ _c\"></span>87.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>70.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he <span class=\"_ _2f\"></span>Tier 2 debt is calculated using quoted prices in active markets and the<span class=\"_ _3\"></span>y are<span class=\"_ _36a\"> </span>classified as Le<span class=\"_ _3\"></span>vel 1 in the f<span class=\"_ _3\"></span>air value hierarch<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>. <span class=\"_ _5\"></span>The amount due in relation to financial reinsurance<span class=\"_ _36a\"> </span>is fair v<span class=\"_ _3\"></span>alued with ref<span class=\"_ _3\"></span>erence to market interest rates at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date and is classed as Le<span class=\"_ _3\"></span>vel 2<span class=\"_ _36a\"> </span>in the fair v<span class=\"_ _3\"></span>alue hierarchy<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>There w<span class=\"_ _3\"></span>ere no transf<span class=\"_ _4\"></span>ers between Lev<span class=\"_ _4\"></span>els 1<span class=\"_ _5\"></span>,<span class=\"_ _3\"></span> 2 and 3 during the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>The Group holds no L<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>el 3<span class=\"_ _36a\"> </span>liabilities as at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-55": {
   "value": "E4  <span class=\"_ _8\"></span>Financial investments (continued)<span class=\"_ _36a\"> </span>b) <span class=\"_ _6\"></span>Financial investment f<span class=\"_ _4\"></span>air v<span class=\"_ _3\"></span>alues (continued)<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _fd\"> </span>C<span class=\"_ _c\"></span>arr<span class=\"_ _c\"></span>y<span class=\"_ _c\"></span>ing a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt <span class=\"_ _ed\"> </span>Fair va<span class=\"_ _c\"></span>lue <span class=\"_ _198\"> </span>  <span class=\"_ _119\"> </span>20<span class=\"ls1 ws1\">2<span class=\"ws76\">5  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>0</span>2<span class=\"_ _c\"></span><span class=\"ws76\">4  <span class=\"_ _119\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _e6\"> </span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4</span></span> <span class=\"_ _198\"> </span>  <span class=\"_ _c4\"> </span><span class=\"ws1\">\u00a3<span class=\"_ _c\"></span></span>m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m  <span class=\"_ _54\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Financial liabilities<span class=\"_ _36a\"> </span>Borro<span class=\"_ _3\"></span>wings <span class=\"_ _8d\"> </span>  <span class=\"_ _128\"> </span>201.1  <span class=\"_ _215\"> </span>200.8  <span class=\"_ _129\"> </span>185.8  <span class=\"_ _128\"> </span>166.1<span class=\"_ _36a\"> </span>Amounts due in relation to financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _168\"> </span>  <span class=\"_ _120\"> </span>1.0  <span class=\"_ _18c\"> </span>2.4  <span class=\"_ _120\"> </span>1.0  <span class=\"_ _11e\"> </span>2.3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm <span class=\"_ _6\"></span>finance <span class=\"_ _90\"> </span>  <span class=\"_ _18c\"> </span>0.9  <span class=\"_ _109\"> </span>1.6  <span class=\"_ _114\"> </span>0.9  <span class=\"_ _109\"> </span>1.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _22e\"> </span>  <span class=\"_ _f7\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _134\"> </span>20<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _119\"> </span>1<span class=\"_ _c\"></span>87.7  <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>70.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he <span class=\"_ _2f\"></span>Tier 2 debt is calculated using quoted prices in active markets and the<span class=\"_ _3\"></span>y are<span class=\"_ _36a\"> </span>classified as Le<span class=\"_ _3\"></span>vel 1 in the f<span class=\"_ _3\"></span>air value hierarch<span class=\"_ _4\"></span>y<span class=\"_ _4\"></span>. <span class=\"_ _5\"></span>The amount due in relation to financial reinsurance<span class=\"_ _36a\"> </span>is fair v<span class=\"_ _3\"></span>alued with ref<span class=\"_ _3\"></span>erence to market interest rates at the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date and is classed as Le<span class=\"_ _3\"></span>vel in the fair v<span class=\"_ _3\"></span>alue hierarchy<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>There w<span class=\"_ _3\"></span>ere no transf<span class=\"_ _4\"></span>ers between Lev<span class=\"_ _4\"></span>els 1<span class=\"_ _5\"></span>,<span class=\"_ _3\"></span> 2 and 3 during the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>The Group holds no L<span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>el 3<span class=\"_ _36a\"> </span>liabilities as at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-56": {
   "value": " <span class=\"_ _13\"> </span>E6 <span class=\"_ _6\"></span>Other assets<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">cem<span class=\"ls18 ws183\">ber <span class=\"_ _26\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024</span></span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Receivab<span class=\"_ _c\"></span>les arising from investment contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Reinsurers share of ac<span class=\"_ _3\"></span>crued policyholder claims  <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>1.3 <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.9<span class=\"_ _36a\"> </span>Receivables f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>policyholders <span class=\"_ _139\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>5.4  <span class=\"_ _e5\"> </span>6.3<span class=\"_ _36a\"> </span>Commission <span class=\"_ _c\"></span>receiv<span class=\"_ _3\"></span>ables <span class=\"_ _109\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ea\"> </span>6<span class=\"_ _c\"></span>.8  <span class=\"_ _e7\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Other receivable<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Accrued <span class=\"_ _c\"></span>interest income <span class=\"_ _11e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>12.2  <span class=\"_ _134\"> </span>10.2<span class=\"_ _36a\"> </span>Receivables f<span class=\"_ _c\"></span>rom fund management companies <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e5\"> </span>3.3  <span class=\"_ _11b\"> </span>3<span class=\"_ _c\"></span>.4<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>epayments <span class=\"_ _70\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>15.2  <span class=\"_ _f7\"> </span>12.5<span class=\"_ _36a\"> </span>Income <span class=\"_ _c\"></span>tax <span class=\"_ _c\"></span>balances <span class=\"_ _8e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>7<span class=\"_ _4\"></span>.0  <span class=\"_ _215\"> </span>21<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>collateral <span class=\"_ _16a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.7  <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>Other <span class=\"_ _82\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1fa\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _215\"> </span>13<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>52<span class=\"_ _c\"></span>.0  <span class=\"_ _f0\"> </span>6<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11c\"> </span>58<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _11c\"> </span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>5<span class=\"_ _c\"></span>6.<span class=\"_ _c\"></span>2  <span class=\"_ _11d\"> </span>66.5<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _127\"> </span>2.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11c\"> </span>58<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _f0\"> </span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-443": {
   "value": " <span class=\"_ _13\"> </span>E6 <span class=\"_ _6\"></span>Other assets<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">cem<span class=\"ls18 ws183\">ber <span class=\"_ _26\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024</span></span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Receivab<span class=\"_ _c\"></span>les arising from investment contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Reinsurers share of ac<span class=\"_ _3\"></span>crued policyholder claims  <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>1.3 <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.9<span class=\"_ _36a\"> </span>Receivables f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>policyholders <span class=\"_ _139\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>5.4  <span class=\"_ _e5\"> </span>6.3<span class=\"_ _36a\"> </span>Commission <span class=\"_ _c\"></span>receiv<span class=\"_ _3\"></span>ables <span class=\"_ _109\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ea\"> </span>6<span class=\"_ _c\"></span>.8  <span class=\"_ _e7\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Other receivable<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Accrued <span class=\"_ _c\"></span>interest income <span class=\"_ _11e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>12.2  <span class=\"_ _134\"> </span>10.2<span class=\"_ _36a\"> </span>Receivables f<span class=\"_ _c\"></span>rom fund management companies <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e5\"> </span>3.3  <span class=\"_ _11b\"> </span>3<span class=\"_ _c\"></span>.4<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>epayments <span class=\"_ _70\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>15.2  <span class=\"_ _f7\"> </span>12.5<span class=\"_ _36a\"> </span>Income <span class=\"_ _c\"></span>tax <span class=\"_ _c\"></span>balances <span class=\"_ _8e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>7<span class=\"_ _4\"></span>.0  <span class=\"_ _215\"> </span>21<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>collateral <span class=\"_ _16a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.7  <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>Other <span class=\"_ _82\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1fa\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _215\"> </span>13<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>52<span class=\"_ _c\"></span>.0  <span class=\"_ _f0\"> </span>6<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11c\"> </span>58<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _11c\"> </span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>5<span class=\"_ _c\"></span>6.<span class=\"_ _c\"></span>2  <span class=\"_ _11d\"> </span>66.5<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _127\"> </span>2.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11c\"> </span>58<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _f0\"> </span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": " <span class=\"_ _13\"> </span>E6 <span class=\"_ _6\"></span>Other assets<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>e<span class=\"ls8d ws70\">cem<span class=\"ls18 ws183\">ber <span class=\"_ _26\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024</span></span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Receivab<span class=\"_ _c\"></span>les arising from investment contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Reinsurers share of ac<span class=\"_ _3\"></span>crued policyholder claims  <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>1.3 <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.9<span class=\"_ _36a\"> </span>Receivables f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>policyholders <span class=\"_ _139\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>5.4  <span class=\"_ _e5\"> </span>6.3<span class=\"_ _36a\"> </span>Commission <span class=\"_ _c\"></span>receiv<span class=\"_ _3\"></span>ables <span class=\"_ _109\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ea\"> </span>6<span class=\"_ _c\"></span>.8  <span class=\"_ _e7\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Other receivable<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Accrued <span class=\"_ _c\"></span>interest income <span class=\"_ _11e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>12.2  <span class=\"_ _134\"> </span>10.2<span class=\"_ _36a\"> </span>Receivables f<span class=\"_ _c\"></span>rom fund management companies <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e5\"> </span>3.3  <span class=\"_ _11b\"> </span>3<span class=\"_ _c\"></span>.4<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>epayments <span class=\"_ _70\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>15.2  <span class=\"_ _f7\"> </span>12.5<span class=\"_ _36a\"> </span>Income <span class=\"_ _c\"></span>tax <span class=\"_ _c\"></span>balances <span class=\"_ _8e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>7<span class=\"_ _4\"></span>.0  <span class=\"_ _215\"> </span>21<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Derivativ<span class=\"_ _3\"></span>e <span class=\"_ _c\"></span>collateral <span class=\"_ _16a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.7  <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>Other <span class=\"_ _82\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1fa\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _215\"> </span>13<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>52<span class=\"_ _c\"></span>.0  <span class=\"_ _f0\"> </span>6<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11c\"> </span>58<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _11c\"> </span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>5<span class=\"_ _c\"></span>6.<span class=\"_ _c\"></span>2  <span class=\"_ _11d\"> </span>66.5<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.6  <span class=\"_ _127\"> </span>2.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _11c\"> </span>58<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _f0\"> </span>6<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "<div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs73\">Income <span class=\"_ _c\"></span>tax <span class=\"_ _c\"></span>balances <span class=\"_ _8e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>7<span class=\"_ _4\"></span>.0  <span class=\"_ _215\"> </span>21<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span></div>VA<span class=\"_ _4\"></span>T<span class=\"_ _c\"></span> <span class=\"_ _1b8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>2  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Employee tax <span class=\"_ _75\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _119\"> </span>2.5  <span class=\"_ _e5\"> </span>2.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-57": {
   "value": " <span class=\"_ _13\"> </span>E7 <span class=\"_ _6\"></span>Cash and cash equiv<span class=\"_ _3\"></span>alents<span class=\"_ _36a\"> </span>31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>e<span class=\"lsf8 ws103\">mb<span class=\"ls18 ws183\">er <span class=\"_ _26\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024</span></span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Bank <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>cash <span class=\"_ _c\"></span>balances <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>134.4  <span class=\"_ _f0\"> </span>127<span class=\"_ _4\"></span>.4<span class=\"_ _36a\"> </span>Call <span class=\"_ _c\"></span>deposits <span class=\"_ _c\"></span>due <span class=\"_ _6\"></span>after 1 <span class=\"_ _6\"></span>month <span class=\"_ _138\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _3f\"> </span>10.9  <span class=\"_ _1fa\"> </span>1<span class=\"_ _c\"></span>0.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>equi<span class=\"_ _c\"></span>va<span class=\"_ _c\"></span>len<span class=\"_ _c\"></span>ts <span class=\"_ _158\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f2\"> </span>14<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _137\"> </span>13<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>Bank <span class=\"_ _c\"></span>overdrafts <span class=\"_ _87\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(0.6 <span class=\"_ _9\"></span>) <span class=\"_ _11d\"> </span>(0.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ca<span class=\"_ _c\"></span>sh an<span class=\"_ _c\"></span>d ca<span class=\"_ _c\"></span>sh e<span class=\"_ _c\"></span>qui<span class=\"_ _c\"></span>va<span class=\"_ _c\"></span>len<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s in the s<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>tem<span class=\"_ _c\"></span>ent o<span class=\"_ _c\"></span>f ca<span class=\"_ _c\"></span>sh fl<span class=\"_ _c\"></span>ows <span class=\"_ _17b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f9\"> </span>14<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.7 <span class=\"_ _5\"></span> <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Deposits are subject to a combination of fix<span class=\"_ _3\"></span>ed and variable interest rates, with an a<span class=\"_ _3\"></span>verage maturity<span class=\"_ _36a\"> </span>of 95 day<span class=\"_ _3\"></span>s (2024: 95 day<span class=\"_ _4\"></span>s).<span class=\"_ _36a\"> </span>Included in cash and cash equiv<span class=\"_ _3\"></span>alents held by the Group are balances totalling \u00a387<span class=\"_ _5\"></span>.<span class=\"_ _c\"></span>5m (2024: \u00a369.7m)<span class=\"_ _36a\"> </span>held in unit-linked policyholders<span class=\"_ _4\"></span>\u2019 funds.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing tables sho<span class=\"_ _3\"></span>w the changes in liabilities arising from financing activities in the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>These liabilities are measured at amortised cost.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _26\"> </span>  <span class=\"_ _130\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _4e\"> </span>Fo<span class=\"_ _c\"></span>reig<span class=\"_ _c\"></span>n  <span class=\"_ _120\"> </span>  <span class=\"_ _171\"> </span>  <span class=\"_ _130\"> </span>  <span class=\"_ _13\"> </span>Financing  <span class=\"_ _18\"> </span>ex<span class=\"_ _3\"></span>change  <span class=\"_ _13a\"> </span>Other  <span class=\"_ _171\"> </span>  <span class=\"_ _138\"> </span>1 <span class=\"_ _6\"></span>Jan  <span class=\"_ _d4\"> </span>ca<span class=\"_ _c\"></span>sh  <span class=\"_ _b\"> </span>tr<span class=\"_ _c\"></span>ans<span class=\"_ _c\"></span>lat<span class=\"_ _c\"></span>ion  <span class=\"_ _28\"> </span>chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s  <span class=\"_ _eb\"> </span>3<span class=\"_ _c\"></span>1 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>c <span class=\"_ _171\"> </span>  <span class=\"_ _138\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _f6\"> </span>fl<span class=\"_ _c\"></span>ows <span class=\"_ _6\"></span>(i<span class=\"_ _c\"></span>)  <span class=\"_ _d\"> </span>dif<span class=\"_ _c\"></span>fe<span class=\"_ _c\"></span>rences  <span class=\"_ _e6\"> </span>(<span class=\"_ _c\"></span>ii<span class=\"_ _c\"></span>)  <span class=\"_ _2a\"> </span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _171\"> </span>  <span class=\"_ _2a\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _128\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _134\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Tier <span class=\"_ _c\"></span>2 <span class=\"_ _c\"></span>debt <span class=\"_ _fc\"> </span>  <span class=\"_ _146\"> </span>200.8  <span class=\"_ _3f\"> </span>(4.8 <span class=\"_ _2f\"></span>) <span class=\"_ _43\"> </span>4<span class=\"_ _c\"></span>.9  <span class=\"_ _e5\"> </span>0.2  <span class=\"_ _132\"> </span>201.1<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span> <span class=\"_ _51\"> </span>  <span class=\"_ _132\"> </span>2.3  <span class=\"_ _e9\"> </span>(1.6 <span class=\"_ _9\"></span>) <span class=\"_ _130\"> </span>0.2  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _10b\"> </span><span class=\"fc26 ws1\">1<span class=\"_ _36a\"> </span></span>Lease <span class=\"_ _c\"></span>liabilities <span class=\"_ _23\"> </span>  <span class=\"_ _11d\"> </span>1.6  <span class=\"_ _215\"> </span>0.0  <span class=\"_ _85\"> </span>0.0  <span class=\"_ _134\"> </span>(0.7 <span class=\"_ _9\"></span>) <span class=\"_ _e7\"> </span>0.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _1f9\"> </span>204<span class=\"_ _c\"></span>.7  <span class=\"_ _e8\"> </span>(<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _125\"> </span>5.1  <span class=\"_ _e8\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _13a\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _26\"> </span>  <span class=\"_ _130\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _4e\"> </span>Fo<span class=\"_ _c\"></span>reig<span class=\"_ _c\"></span>n  <span class=\"_ _120\"> </span>  <span class=\"_ _171\"> </span>  <span class=\"_ _130\"> </span>  <span class=\"_ _13\"> </span>Financing  <span class=\"_ _18\"> </span>ex<span class=\"_ _3\"></span>change  <span class=\"_ _13a\"> </span>Other  <span class=\"_ _171\"> </span>  <span class=\"_ _138\"> </span>1 <span class=\"_ _6\"></span>Jan  <span class=\"_ _d4\"> </span>ca<span class=\"_ _c\"></span>sh  <span class=\"_ _b\"> </span>tr<span class=\"_ _c\"></span>ans<span class=\"_ _c\"></span>lat<span class=\"_ _c\"></span>ion  <span class=\"_ _28\"> </span>chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s  <span class=\"_ _eb\"> </span>3<span class=\"_ _c\"></span>1 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>c <span class=\"_ _171\"> </span>  <span class=\"_ _eb\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4  <span class=\"_ _f6\"> </span>flow<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>(i)  <span class=\"_ _f\"> </span>differe<span class=\"_ _c\"></span>nces  <span class=\"_ _e6\"> </span>(<span class=\"_ _c\"></span>ii)  <span class=\"_ _41\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _171\"> </span>  <span class=\"_ _2a\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _128\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _134\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Tier <span class=\"_ _c\"></span>2 <span class=\"_ _c\"></span>debt <span class=\"_ _fc\"> </span>  <span class=\"_ _139\"> </span>200.6  <span class=\"_ _f7\"> </span>(9.5 <span class=\"_ _9\"></span>) <span class=\"_ _66\"> </span>\u2013  <span class=\"_ _e6\"> </span>9.7  <span class=\"_ _3c\"> </span>200.8<span class=\"_ _36a\"> </span>Financial <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span> <span class=\"_ _51\"> </span>  <span class=\"_ _132\"> </span>5.3  <span class=\"_ _f7\"> </span>(2<span class=\"_ _c\"></span>.6 <span class=\"_ _9\"></span>) <span class=\"_ _30\"> </span>(0.7 <span class=\"_ _9\"></span>) <span class=\"_ _ea\"> </span>0.4  <span class=\"_ _e9\"> </span>2.4<span class=\"_ _36a\"> </span>Lease <span class=\"_ _c\"></span>liabilities <span class=\"_ _23\"> </span>  <span class=\"_ _123\"> </span>1.2  <span class=\"_ _134\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _30\"> </span>(0.3 <span class=\"_ _9\"></span>) <span class=\"_ _125\"> </span>\u2013  <span class=\"_ _e9\"> </span>0.<span class=\"_ _3\"></span>6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _eb\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>7.1  <span class=\"_ _d4\"> </span>(<span class=\"_ _c\"></span>12<span class=\"_ _6\"></span>.4 <span class=\"_ _2f\"></span>) <span class=\"_ _127\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _9\"></span>) <span class=\"_ _123\"> </span>10<span class=\"_ _c\"></span>.1  <span class=\"_ _42\"> </span>20<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>(i) <span class=\"_ _5f\"> </span> <span class=\"_ _12\"></span>The cash flows from bank loans and other bor<span class=\"_ _3\"></span>rowings mak<span class=\"_ _3\"></span>e up the net amount of proceeds from<span class=\"_ _36a\"> </span>borrowings and repa<span class=\"_ _4\"></span>yments of borrowings in the cash flo<span class=\"_ _4\"></span>w statement.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>Other changes include interest accruals.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS <span class=\"_ _14\"> </span>F1 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _cd\"> </span>Net<span class=\"_ _c\"></span>herl<span class=\"_ _c\"></span>and<span class=\"_ _c\"></span>s The f<span class=\"_ _3\"></span>ollowing notes pro<span class=\"_ _3\"></span>vide a quantitative analy<span class=\"_ _4\"></span>sis of the insurance and reinsurance contract<span class=\"_ _36a\"> </span> <span class=\"_ _231\"> </span>  <span class=\"_ _11b\"> </span>U<span class=\"_ _c\"></span>K  <span class=\"_ _11c\"> </span>Swede<span class=\"_ _c\"></span>n  <span class=\"_ _f9\"> </span>(res<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>ed <span class=\"_ _2f\"></span>) <span class=\"_ _163\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l<span class=\"_ _36a\"> </span>assets and liabilities and are disaggregated by the IFR<span class=\"_ _3\"></span>S 8 Operating segments. <span class=\"_ _2f\"></span>This disaggregatio<span class=\"_ _36a\"> </span>n <span class=\"_ _231\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span>has been chosen for the f<span class=\"_ _3\"></span>ollowing notes because it is management\u2019<span class=\"_ _2f\"></span>s view that together with the<span class=\"_ _36a\"> </span>information in the underwriting risk section, it pro<span class=\"_ _3\"></span>vides the most relev<span class=\"_ _3\"></span>ant information f<span class=\"_ _3\"></span>or assessin<span class=\"_ _36a\"> </span>g<span class=\"_ _36a\"> </span>Insurance contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>the eff<span class=\"_ _4\"></span>ect that contracts within the scope of IFRS 1<span class=\"_ _5\"></span>7 have <span class=\"_ _3\"></span>on the entity\u2019<span class=\"_ _2f\"></span>s financial performance Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _50\"> </span>  <span class=\"_ _42\"> </span>1,<span class=\"_ _c\"></span>308.5  <span class=\"_ _52\"> </span>17<span class=\"_ _3\"></span>4.1  <span class=\"_ _127\"> </span>2,616.5  <span class=\"_ _15\"> </span>4<span class=\"_ _c\"></span>,099.1<span class=\"_ _36a\"> </span>and position.<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _8e\"> </span>  <span class=\"_ _127\"> </span>(1.8 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>\u2013  <span class=\"_ _16b\"> </span>\u2013  <span class=\"_ _d3\"> </span>(1.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net insurance   (a) <span class=\"_ _6\"></span>Composition of the Stat<span class=\"_ _3\"></span>ement of Financial P<span class=\"_ _3\"></span>osition<span class=\"_ _36a\"> </span>contrac<span class=\"_ _c\"></span>t <span class=\"_ _c\"></span>liabilitie<span class=\"_ _c\"></span>s <span class=\"_ _73\"> </span>  <span class=\"_ _157\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>30<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7  <span class=\"_ _10c\"> </span>1<span class=\"_ _c\"></span>74.1  <span class=\"_ _e7\"> </span>2<span class=\"_ _6\"></span>,616<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _38\"> </span>4<span class=\"_ _c\"></span>,0<span class=\"_ _c\"></span>97.3<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing tables sho<span class=\"_ _3\"></span>w the breakdown <span class=\"_ _4\"></span>of the insurance and reinsurance contract assets and<span class=\"_ _36a\"> </span>liabilities for <span class=\"_ _3\"></span>each of the <span class=\"_ _3\"></span>operating segments within Chesnara. Note B2 provides details f<span class=\"_ _3\"></span>or the<span class=\"_ _36a\"> </span>Reinsurance contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>values <span class=\"_ _3\"></span>of insurance and reinsurance contracts for the broad product groups within <span class=\"_ _3\"></span>each segment<span class=\"_ _36a\"> </span>.<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _50\"> </span>  <span class=\"_ _e8\"> </span>154.8  <span class=\"_ _161\"> </span>12.4  <span class=\"_ _104\"> </span>2.7  <span class=\"_ _3b\"> </span>169.9<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _21c\"> </span>contract <span class=\"_ _7\"> </span>liabilities <span class=\"_ _125\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _129\"> </span>(2.0 ) <span class=\"_ _ed\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _120\"> </span>(14.6 ) <span class=\"_ _29\"> </span>(16 .6 )<span class=\"_ _36a\"> </span>As the <span class=\"_ _3\"></span>operating segments hav<span class=\"_ _3\"></span>e been revised f<span class=\"_ _3\"></span>ollowing the integration <span class=\"_ _3\"></span>of our Dutch businesses<span class=\"_ _36a\"> </span>,<span class=\"_ _36a\"> </span>the prior <span class=\"_ _4\"></span>year comparativ<span class=\"_ _3\"></span>es hav<span class=\"_ _3\"></span>e been restated to maintain comparability<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>Net reinsurance con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _1e\"> </span>  <span class=\"_ _f0\"> </span>1<span class=\"_ _c\"></span>52<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _10a\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11e\"> </span>(1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _163\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _215\"> </span>UK  <span class=\"_ _11c\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _cd\"> </span>Net<span class=\"_ _c\"></span>herl<span class=\"_ _c\"></span>and<span class=\"_ _c\"></span>s  <span class=\"_ _eb\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _231\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span> <span class=\"_ _1b4\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _18b\"> </span>Current  <span class=\"_ _5d\"> </span>N<span class=\"_ _c\"></span>on-<span class=\"_ _c\"></span>current  <span class=\"_ _139\"> </span>Total<span class=\"_ _36a\"> </span>Insurance contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span> <span class=\"_ _1b4\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _50\"> </span>  <span class=\"_ _29\"> </span>1,<span class=\"_ _c\"></span>306.4  <span class=\"_ _10b\"> </span>193.0  <span class=\"_ _129\"> </span>2,441.3  <span class=\"_ _cb\"> </span>3,940.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _8e\"> </span>  <span class=\"_ _52\"> </span>\u2013  <span class=\"_ _16b\"> </span>\u2013  <span class=\"_ _ed\"> </span>\u2013  <span class=\"_ _119\"> </span>\u2013<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _50\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _125\"> </span>730.5  <span class=\"_ _e5\"> </span>3,<span class=\"_ _c\"></span>368.6  <span class=\"_ _15\"> </span>4,099.1<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _8e\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _154\"> </span>(1.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>\u2013  <span class=\"_ _d3\"> </span>(1.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net insurance Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _50\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _120\"> </span>29.9  <span class=\"_ _54\"> </span>140.0  <span class=\"_ _157\"> </span>169.9<span class=\"_ _36a\"> </span>contrac<span class=\"_ _c\"></span>t <span class=\"_ _c\"></span>liabilitie<span class=\"_ _c\"></span>s <span class=\"_ _73\"> </span>  <span class=\"_ _22b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>306<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _124\"> </span>193<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _f7\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>41.<span class=\"_ _6\"></span>3  <span class=\"_ _62\"> </span>3<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>94<span class=\"_ _c\"></span>0.7<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _130\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _162\"> </span>0.5  <span class=\"_ _1c2\"> </span>(17.<span class=\"_ _3\"></span>1 <span class=\"_ _2f\"></span>) <span class=\"_ _13a\"> </span>(16.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Reinsurance contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _50\"> </span>  <span class=\"_ _123\"> </span>155.0  <span class=\"_ _154\"> </span>11<span class=\"_ _c\"></span>.6  <span class=\"_ _10e\"> </span>1.4  <span class=\"_ _138\"> </span>168<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Fair v<span class=\"_ _4\"></span>alue of under<span class=\"_ _3\"></span>lying items<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _21c\"> </span>contract <span class=\"_ _7\"> </span>liabilities <span class=\"_ _125\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _129\"> </span>(2.0 ) <span class=\"_ _ed\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _154\"> </span>(8.5 ) <span class=\"_ _29\"> </span>(10.5 )<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table sho<span class=\"_ _3\"></span>ws the fair v<span class=\"_ _4\"></span>alue of the underlying items of the Group\u2019<span class=\"_ _5\"></span>s direct participating<span class=\"_ _36a\"> </span>contracts for <span class=\"_ _3\"></span>each reporting segment.<span class=\"_ _36a\"> </span>Net reinsurance con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _1e\"> </span>  <span class=\"_ _f0\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _1c2\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _154\"> </span>(7.1 <span class=\"_ _9\"></span>) <span class=\"_ _1f5\"> </span>1<span class=\"_ _6\"></span>57<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _231\"> </span>  <span class=\"_ _11b\"> </span>U<span class=\"_ _c\"></span>K  <span class=\"_ _11c\"> </span>Swede<span class=\"_ _c\"></span>n  <span class=\"_ _5d\"> </span>N<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>her<span class=\"_ _c\"></span>lan<span class=\"_ _c\"></span>ds  <span class=\"_ _eb\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l <span class=\"_ _231\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span> <span class=\"_ _1b4\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _18b\"> </span>Current  <span class=\"_ _5d\"> </span>N<span class=\"_ _c\"></span>on-<span class=\"_ _c\"></span>current  <span class=\"_ _139\"> </span>Total<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue of underlying items  <span class=\"_ _1b4\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span>as <span class=\"_ _c\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _c\"></span>December <span class=\"_ _c\"></span>2025 <span class=\"_ _167\"> </span>  <span class=\"_ _2a\"> </span>848.1  <span class=\"_ _52\"> </span>161.7  <span class=\"_ _3a\"> </span>1,198<span class=\"_ _c\"></span>.9  <span class=\"_ _cb\"> </span>2<span class=\"_ _c\"></span>,208.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _50\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _c4\"> </span>523.4  <span class=\"_ _30\"> </span>3,417<span class=\"_ _4\"></span>.3  <span class=\"_ _cb\"> </span>3,940.7<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue of underlying items Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _8e\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _ed\"> </span>\u2013  <span class=\"_ _16b\"> </span>\u2013  <span class=\"_ _119\"> </span>\u2013<span class=\"_ _36a\"> </span>as at 31 December 202<span class=\"_ _3\"></span>4 (restated) <span class=\"_ _11d\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f0\"> </span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1.0 <span class=\"_ _3\"></span> <span class=\"_ _54\"> </span>142.4 <span class=\"_ _4\"></span> <span class=\"_ _3a\"> </span>1,3<span class=\"_ _3\"></span>77<span class=\"_ _4\"></span>.7 <span class=\"_ _3\"></span> <span class=\"_ _1f9\"> </span>2,231.1<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _50\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _120\"> </span>30.2  <span class=\"_ _114\"> </span>137<span class=\"_ _3\"></span>.8  <span class=\"_ _4e\"> </span>168.0<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _130\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _18a\"> </span>(3.2 <span class=\"_ _2f\"></span>) <span class=\"_ _107\"> </span>1<span class=\"_ _c\"></span>3.7  <span class=\"_ _41\"> </span>10.5<span class=\"_ _36a\"> </span>Composition of under<span class=\"_ _3\"></span>lying items<span class=\"_ _36a\"> </span>The majority <span class=\"_ _3\"></span>of the fair v<span class=\"_ _3\"></span>alue of underlying items across the Group are held in collectiv<span class=\"_ _3\"></span>e inv<span class=\"_ _4\"></span>estment<span class=\"_ _36a\"> </span>schemes. A small proportion is held in <span class=\"_ _4\"></span>equit<span class=\"_ _c\"></span>ies, debt securities and in cash and deposits.<div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc2 sc0 ls1 ws1 gs76\"> <span class=\"_ _14\"> </span>F2 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 UK</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gs77\">  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs78\"> <span class=\"_ _232\"> </span>Liabilities for <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs79\"> <span class=\"_ _233\"> </span>remaining coverage</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs7a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Excluding  <span class=\"_ _167\"> </span>  <span class=\"_ _123\"> </span>Liabilitie<span class=\"_ _c\"></span>s  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs7b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>l<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _111\"> </span>Lo<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>for <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs7c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs7d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs7e\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18c\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.6  <span class=\"_ _16b\"> </span>15<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>54<span class=\"_ _6\"></span>.0  <span class=\"_ _17b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>306<span class=\"_ _6\"></span>.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls1 ws1 gs7f\">Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs80\">Insurance revenue<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs81\">Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>fair <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>approach <span class=\"_ _20\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>(5<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _113\"> </span>(5<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs82\">Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>full <span class=\"_ _c\"></span>retrospective <span class=\"_ _c\"></span>approach <span class=\"_ _1a6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>(27.4 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10f\"> </span>(27.<span class=\"_ _3\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs83\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _162\"> </span>(7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8b ws6f gs84\">Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs85\">Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.7 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>76.7  <span class=\"_ _10d\"> </span>7<span class=\"_ _3\"></span>4.0<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs86\">Losses <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reversals <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>onerous <span class=\"_ _c\"></span>contracts <span class=\"_ _e1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>7.<span class=\"_ _c\"></span>2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>7.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs87\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _113\"> </span>76<span class=\"_ _6\"></span>.7  <span class=\"_ _51\"> </span>81<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs88\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>78<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _115\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _113\"> </span>76<span class=\"_ _c\"></span>.7  <span class=\"_ _55\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs89\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>19.<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs8a\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10e\"> </span>4<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _16b\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _57\"> </span>76.7  <span class=\"_ _110\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8b\">Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _112\"> </span>(1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>2.2  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs8c\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8d\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>5<span class=\"_ _c\"></span>1.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.9  <span class=\"_ _116\"> </span>52.6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8e\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _50\"> </span>(17<span class=\"_ _3\"></span>4.6 <span class=\"_ _2f\"></span>) <span class=\"_ _18a\"> </span>(17<span class=\"_ _3\"></span>4.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8f\">Acquisitions <span class=\"_ _234\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs90\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _116\"> </span>5<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3e\"> </span>(<span class=\"_ _c\"></span>17<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _109\"> </span>(1<span class=\"_ _c\"></span>22<span class=\"_ _6\"></span>.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs91\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10a\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>17.<span class=\"_ _c\"></span>5  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>9.7  <span class=\"_ _f8\"> </span>6<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _54\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>306<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls71 ws8b gs93\">203<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _335\"></span><span class=\"_ _36a\"> </span>SEC<span class=\"_ _336\"></span>TION<span class=\"_ _337\"></span><span class=\"_ _36a\"> </span>TION<span class=\"_ _338\"></span>F<span class=\"_ _339\"></span><span class=\"_ _36a\"> </span>F<span class=\"_ _338\"></span>\u2013<span class=\"_ _33a\"></span>\u2013<span class=\"_ _33b\"></span>INSUR<span class=\"_ _33c\"></span><span class=\"_ _36a\"> </span>INSUR<span class=\"_ _336\"></span>ANCE<span class=\"_ _33d\"></span><span class=\"_ _36a\"> </span>ANCE<span class=\"_ _33e\"></span>AND<span class=\"_ _33f\"></span><span class=\"_ _36a\"> </span>AND<span class=\"_ _33e\"></span>REINSUR<span class=\"_ _340\"></span><span class=\"_ _36a\"> </span>REINSUR<span class=\"_ _341\"></span>ANCE<span class=\"_ _33d\"></span><span class=\"_ _36a\"> </span>ANCE<span class=\"_ _342\"></span>C<span class=\"_ _343\"></span><span class=\"_ _36a\"> </span>C<span class=\"_ _344\"></span>ONTR<span class=\"_ _345\"></span><span class=\"_ _36a\"> </span>ONTR<span class=\"_ _336\"></span>A<span class=\"_ _346\"></span><span class=\"_ _36a\"> </span>A<span class=\"_ _347\"></span>C<span class=\"_ _343\"></span><span class=\"_ _36a\"> </span>C<span class=\"_ _336\"></span>TS<span class=\"_ _348\"></span><span class=\"_ _36a\"> </span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"> </span>F2 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 UK (continued)</div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\">  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims (continued)</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs99\"> <span class=\"_ _232\"> </span>Liabilities for <span class=\"ls1 ws1\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs9a\"> <span class=\"_ _233\"> </span>remaining coverage</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs9b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Excluding  <span class=\"_ _167\"> </span>  <span class=\"_ _123\"> </span>Liabilitie<span class=\"_ _c\"></span>s  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>l<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _111\"> </span>Lo<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>for <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9e\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs9f\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _109\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>12<span class=\"_ _6\"></span>.4  <span class=\"_ _113\"> </span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6  <span class=\"_ _10a\"> </span>1,<span class=\"_ _6\"></span>379<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc7 sc0 ls1 ws1 gsa0\">Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsa1\">Insurance revenue<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa2\">Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>fair <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>approach <span class=\"_ _20\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _57\"> </span>(58<span class=\"_ _c\"></span>.1 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10d\"> </span>(58.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa3\">Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>full <span class=\"_ _c\"></span>retrospective <span class=\"_ _c\"></span>approach <span class=\"_ _1a6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>13.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>13.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsa4\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _111\"> </span>(7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8b ws6f gsa5\">Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa6\">Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>(1.8 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>62<span class=\"_ _c\"></span>.3  <span class=\"_ _51\"> </span>60.5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa7\">Losses <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reversals <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>onerous <span class=\"_ _c\"></span>contracts <span class=\"_ _e1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.4<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsa8\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _f8\"> </span>6<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _110\"> </span>64<span class=\"_ _6\"></span>.9<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsa9\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _ed\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _f8\"> </span>6<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsaa\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>98.5  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>98.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsab\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>27.<span class=\"_ _c\"></span>2  <span class=\"_ _5c\"> </span>2<span class=\"_ _6\"></span>.7  <span class=\"_ _f8\"> </span>62<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _113\"> </span>92<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsac\">Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _104\"> </span>(135.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _10f\"> </span>135.7  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsad\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsae\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _65\"> </span>35.3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>35.3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsaf\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>197<span class=\"_ _4\"></span>.7 <span class=\"_ _2f\"></span>) <span class=\"_ _19e\"> </span>(197<span class=\"_ _4\"></span>.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsb0\">Acquisitions <span class=\"_ _234\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>9.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>(1<span class=\"_ _c\"></span>1.9 <span class=\"_ _2f\"></span>) <span class=\"_ _115\"> </span>(2.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsb1\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>4<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10a\"> </span>(2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>6 <span class=\"_ _2f\"></span>) <span class=\"_ _52\"> </span>(<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsb2\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18c\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.6  <span class=\"_ _16b\"> </span>15<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>54<span class=\"_ _6\"></span>.0  <span class=\"_ _17b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gsb3\">There is no P<span class=\"_ _5\"></span>AA business in the UK segment. Note A5(a) sets out the f<span class=\"_ _4\"></span>air value methodology applied at transition that has been applied for the CA contracts in the UK.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls9a ws7f gsb4\">204<span class=\"_ _31\"> </span><span class=\"ff37 lse ws1\">CH<span class=\"_ _c\"></span>ES<span class=\"_ _c\"></span>NAR<span class=\"_ _6\"></span>A ANNUAL REP<span class=\"_ _c\"></span>ORT A<span class=\"_ _c\"></span>ND <span class=\"_ _c\"></span>ACCOUNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25</span></div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gsb5\"> <span class=\"_ _7\"></span><span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb6\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _6\"></span> <span class=\"_ _b9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>C<span class=\"_ _c\"></span>SM <span class=\"_ _6\"></span>(new  <span class=\"_ _167\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb7\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f6\"> </span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>and  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb8\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>P<span class=\"_ _c\"></span>res<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>value  <span class=\"_ _167\"> </span>  <span class=\"_ _3f\"> </span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts  <span class=\"_ _132\"> </span>(contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb9\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture  <span class=\"_ _f8\"> </span>Ris<span class=\"_ _c\"></span>k  <span class=\"_ _11f\"> </span>m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _11f\"> </span>me<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsba\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt  <span class=\"_ _ee\"> </span>un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FR<span class=\"_ _c\"></span>A <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FVA <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gsbb\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsbc\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _114\"> </span>1,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>7<span class=\"_ _3\"></span>.0  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _57\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _17b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsbd\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsbe\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.4 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(3.0 <span class=\"_ _9\"></span>) <span class=\"_ _65\"> </span>(5.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsbf\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.2 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(2.2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsc0\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>3.8  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsc1\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _10f\"> </span>(2<span class=\"_ _6\"></span>.4 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0 <span class=\"_ _8\"></span>) <span class=\"_ _113\"> </span>(4<span class=\"_ _c\"></span>.7 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsc2\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsc3\">Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _57\"> </span>(10.2 <span class=\"_ _2f\"></span>) <span class=\"_ _5c\"> </span>2.7  <span class=\"_ _8f\"> </span>7.5  <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsc4\">Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>estimat<span class=\"_ _3\"></span>es <span class=\"_ _c\"></span>that <span class=\"_ _6\"></span>adjust <span class=\"_ _c\"></span>the <span class=\"_ _c\"></span>CSM <span class=\"_ _1e9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c1\"> </span>0.3  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _16b\"> </span>(5.3 <span class=\"_ _2f\"></span>) <span class=\"_ _170\"> </span>4.5  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsc5\">Changes in estimates that result in losses or r<span class=\"_ _3\"></span>eversals of losses on oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _16a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>7.<span class=\"_ _3\"></span>0 <span class=\"_ _4\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _19b\"> </span>7<span class=\"_ _4\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsc6\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>(2<span class=\"_ _6\"></span>.9 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _96\"> </span>7.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsc7\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _170\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _166\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _55\"> </span>2<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsc8\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _1c1\"> </span>0.7  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9.3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsc9\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10e\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.6  <span class=\"_ _170\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _110\"> </span>12<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsca\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gscb\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>5<span class=\"_ _c\"></span>1.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>51.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gscc\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>17<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.6 <span class=\"_ _9\"></span>) <span class=\"_ _55\"> </span>0.9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _104\"> </span>(173.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gscd\">Acquisitions <span class=\"_ _234\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span> </div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsce\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>22<span class=\"_ _6\"></span>.9 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c2\"> </span>(1<span class=\"_ _c\"></span>22<span class=\"_ _6\"></span>.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gscf\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11e\"> </span>1,<span class=\"_ _6\"></span>26<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.0  <span class=\"_ _170\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _10f\"> </span>3<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _54\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>306<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls9a ws7f gsd0\">205<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"> </span>F2 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 UK (continued)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\"> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA (continued)</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs99\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _6\"></span> <span class=\"_ _b9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>C<span class=\"_ _c\"></span>SM <span class=\"_ _6\"></span>(new  <span class=\"_ _167\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f6\"> </span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>and  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>P<span class=\"_ _c\"></span>res<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>value  <span class=\"_ _167\"> </span>  <span class=\"_ _3f\"> </span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts  <span class=\"_ _132\"> </span>(contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture  <span class=\"_ _f8\"> </span>Ris<span class=\"_ _c\"></span>k  <span class=\"_ _11f\"> </span>m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _11f\"> </span>me<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt  <span class=\"_ _ee\"> </span>un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FR<span class=\"_ _c\"></span>A <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FVA <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9e\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs9f\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10c\"> </span>1,<span class=\"_ _6\"></span>34<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _57\"> </span>22<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _52\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>79<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsa0\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa1\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _65\"> </span>(3.8 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(3.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa2\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(1.8 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _55\"> </span>(1.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa3\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(5.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(5.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsa4\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsa5\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa6\">Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>) <span class=\"_ _16f\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa7\">Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(6.2 <span class=\"_ _9\"></span>) <span class=\"_ _51\"> </span>(4.9 <span class=\"_ _9\"></span>) <span class=\"_ _61\"> </span>(2<span class=\"_ _c\"></span>.8 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>13.9 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsd2\">Changes in estimates that result in losses or r<span class=\"_ _3\"></span>eversals of losses on oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _16a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>4.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsd3\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _7e\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _116\"> </span>(2<span class=\"_ _6\"></span>.7 <span class=\"_ _0\"></span>) <span class=\"_ _10f\"> </span>(4.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws18a gsd4\">Ins u ran c e <span class=\"_ _31\"> </span>se r<span class=\"_ _c\"></span>v ic e <span class=\"_ _31\"> </span>re s ul t <span class=\"_ _4d\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _55\"> </span>( 7.7 ) <span class=\"_ _61\"> </span>(6 . 6 ) <span class=\"_ _65\"> </span>(2<span class=\"_ _6\"></span>.2 ) <span class=\"_ _ed\"> </span>10 .1 <span class=\"_ _21c\"> </span> <span class=\"_ _115\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 )<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsd5\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _51\"> </span>96.6  <span class=\"_ _16a\"> </span>1.1  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _10d\"> </span>98<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsd6\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>8<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _65\"> </span>(5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>10<span class=\"_ _c\"></span>.7  <span class=\"_ _f8\"> </span>9<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsad\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsae\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>35.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _65\"> </span>35.3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsaf\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _104\"> </span>(197<span class=\"_ _4\"></span>.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _104\"> </span>(197<span class=\"_ _4\"></span>.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsb0\">Acquisitions <span class=\"_ _234\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>(2.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsb1\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _107\"> </span>(<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _107\"> </span>(<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsb2\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _114\"> </span>1,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>7<span class=\"_ _3\"></span>.0  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _57\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gsb3\">The contracts initially recognised in the period relate to the acquisition <span class=\"_ _3\"></span>of the unit-linked bond and pension portf<span class=\"_ _3\"></span>olio from Canada Lif<span class=\"_ _3\"></span>e.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls9a ws7f gsb4\">206<span class=\"_ _60\"> </span><span class=\"ff37 lse ws1\">C<span class=\"_ _c\"></span>HES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A ANN<span class=\"_ _c\"></span>UAL REPO<span class=\"_ _c\"></span>RT AN<span class=\"_ _c\"></span>D ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25</span></div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gsb5\"> <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb6\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _154\"> </span>L<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>-  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws186 gsb7\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f0\"> </span>re<span class=\"_ _c\"></span>maining  <span class=\"_ _e9\"> </span>rec<span class=\"_ _c\"></span>overy  <span class=\"_ _119\"> </span>incurred  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gsb8\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span>coverage  <span class=\"_ _44\"> </span>component  <span class=\"_ _18c\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gsb9\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsd7\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _75\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>13<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _51\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _162\"> </span>152<span class=\"_ _6\"></span>.8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsd8\">Reinsurance expenses \u2013 allocation of r<span class=\"_ _3\"></span>einsurance premiums paid <span class=\"_ _129\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(27.2 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _110\"> </span>(27.2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsd9\">Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsbd\">Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>30.4 <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>30.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsbe\">Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>loss-recov<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>component <span class=\"_ _fa\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3d\"> </span>2.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3d\"> </span>2<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsda\">Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1fe\"> </span>(2<span class=\"_ _c\"></span>7.2 <span class=\"_ _2f\"></span>) <span class=\"_ _1c1\"> </span>2<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>30<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _5c\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsdb\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>2.6  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>2.6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsdc\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1fe\"> </span>(<span class=\"_ _c\"></span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _2f\"></span>) <span class=\"_ _166\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _110\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _65\"> </span>17.9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsdd\">Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>(4.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _5c\"> </span>4.0  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsde\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsdf\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>9.9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>9.9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gse0\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _f8\"> </span>(27<span class=\"_ _3\"></span>.6 <span class=\"_ _9\"></span>) <span class=\"_ _111\"> </span>(27<span class=\"_ _3\"></span>.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gse1\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _112\"> </span>(2<span class=\"_ _c\"></span>7.6 <span class=\"_ _9\"></span>) <span class=\"_ _10e\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gse2\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _180\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>9  <span class=\"_ _8f\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _51\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gse3\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _18b\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws186 gse4\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _11c\"> </span>remaining  <span class=\"_ _119\"> </span>incurred  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gse5\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ea\"> </span>cove<span class=\"_ _c\"></span>rag<span class=\"_ _c\"></span>e  <span class=\"_ _100\"> </span>cla<span class=\"_ _c\"></span>ims  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gse6\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gse7\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _26\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _19e\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gse8\">Reinsurance expenses \u2013 allocation of r<span class=\"_ _3\"></span>einsurance premiums paid <span class=\"_ _129\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _111\"> </span>(23.9 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>(23.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gse9\">Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsea\">Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _51\"> </span>23.0 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>23.0<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gseb\">Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>loss-recov<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>component <span class=\"_ _fa\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsec\">Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>) <span class=\"_ _111\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsed\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _3d\"> </span>3.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _a5\"> </span>3.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsee\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _10e\"> </span>2<span class=\"_ _6\"></span>3.<span class=\"_ _c\"></span>0  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsef\">Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(2.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>2<span class=\"_ _c\"></span>.8  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span> </div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsf0\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsf1\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>1<span class=\"_ _6\"></span>1.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _55\"> </span>1<span class=\"_ _c\"></span>1.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsf2\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _110\"> </span>(25.4 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>(25.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsf3\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _65\"> </span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _162\"> </span>(14<span class=\"_ _6\"></span>.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsf4\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4 <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>38<span class=\"_ _6\"></span>.6  <span class=\"_ _51\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _162\"> </span>152<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls1 ws1 gsf5\">207<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"> </span>F2 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 UK (continued)</div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\"> <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Reinsurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs99\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _6\"></span> <span class=\"_ _b9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>C<span class=\"_ _c\"></span>SM <span class=\"_ _6\"></span>(new  <span class=\"_ _167\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f6\"> </span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>and  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>P<span class=\"_ _c\"></span>res<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>value  <span class=\"_ _167\"> </span>  <span class=\"_ _3f\"> </span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts  <span class=\"_ _132\"> </span>(contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture  <span class=\"_ _f8\"> </span>Ris<span class=\"_ _c\"></span>k  <span class=\"_ _11f\"> </span>m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _11f\"> </span>me<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt  <span class=\"_ _ee\"> </span>un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FR<span class=\"_ _c\"></span>A <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FVA <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9e\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs9f\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _75\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>45<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _55\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _162\"> </span>152<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsa0\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa1\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>received <span class=\"_ _18d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.4  <span class=\"_ _170\"> </span>(0.1 <span class=\"_ _2f\"></span>) <span class=\"_ _170\"> </span>0.3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa2\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _65\"> </span>(0.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _65\"> </span>(0.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa3\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>3.8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsa4\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>3.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsa5\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa6\">Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _96\"> </span>9.1 <span class=\"_ _3\"></span> <span class=\"_ _115\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _111\"> </span>(12<span class=\"_ _c\"></span>.4 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(1.4 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa7\">CSM adjustment for income on initial rec<span class=\"_ _3\"></span>ognition of onerous underlying contracts <span class=\"_ _10b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _170\"> </span>0.9 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>0.9<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsd2\">Changes in recov<span class=\"_ _4\"></span>eries of losses on onerous underlying contracts that adjust the CSM <span class=\"_ _e7\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1c1\"> </span>5.<span class=\"_ _c\"></span>2  <span class=\"_ _9e\"> </span>1.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>6.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsd3\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _7e\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>) <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsd4\">Ne<span class=\"_ _c\"></span>t (expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e)/i<span class=\"_ _c\"></span>nco<span class=\"_ _c\"></span>me fr<span class=\"_ _c\"></span>om re<span class=\"_ _c\"></span>ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s he<span class=\"_ _c\"></span>ld <span class=\"_ _9e\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10d\"> </span>13<span class=\"_ _6\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _10f\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _1f\"> </span>5.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsd5\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>income <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>eld <span class=\"_ _6d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>12.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>12.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsd6\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>s re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d in co<span class=\"_ _c\"></span>mpr<span class=\"_ _c\"></span>ehe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>ive in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me <span class=\"_ _167\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f8\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _5c\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _57\"> </span>17.9<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsad\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsae\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>9.9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>9.9<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsaf\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f8\"> </span>(27.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _f8\"> </span>(27<span class=\"_ _3\"></span>.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsf7\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>17.7 <span class=\"_ _8\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>17.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsf8\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>53<span class=\"_ _6\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _3\"></span> <span class=\"_ _50\"> </span>15<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls9a ws7f gsf9\">208<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff37 fs6 fc6 sc0 lse ws1 gsfa\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25</div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gsfc\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsfd\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _6\"></span> <span class=\"_ _b9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>C<span class=\"_ _c\"></span>SM <span class=\"_ _6\"></span>(new  <span class=\"_ _167\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsfe\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f6\"> </span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>and  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsff\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>P<span class=\"_ _c\"></span>res<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>value  <span class=\"_ _167\"> </span>  <span class=\"_ _3f\"> </span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts  <span class=\"_ _132\"> </span>(contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs100\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture  <span class=\"_ _f8\"> </span>Ris<span class=\"_ _c\"></span>k  <span class=\"_ _11f\"> </span>m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _11f\"> </span>me<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs101\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt  <span class=\"_ _ee\"> </span>un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FR<span class=\"_ _c\"></span>A <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FVA <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs102\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs103\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _26\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _104\"> </span>15<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _170\"> </span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _16b\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _5c\"> </span>5.<span class=\"_ _c\"></span>6  <span class=\"_ _50\"> </span>16<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs104\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs105\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>received <span class=\"_ _18d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(0.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs106\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _65\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _115\"> </span>(0.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs107\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>0.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs108\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _10f\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs109\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs10a\">Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>estimat<span class=\"_ _3\"></span>es <span class=\"_ _c\"></span>that <span class=\"_ _6\"></span>adjust <span class=\"_ _c\"></span>the <span class=\"_ _c\"></span>CSM <span class=\"_ _1e9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>0.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _16b\"> </span>(0.<span class=\"_ _3\"></span>1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs10b\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(0.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs10c\">Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se)/<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _19b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _116\"> </span>(0.<span class=\"_ _c\"></span>6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs10d\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>income <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>eld <span class=\"_ _6d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>3.0  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _19b\"> </span>3<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs10e\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _166\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs10f\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs110\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>1<span class=\"_ _6\"></span>1.3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs111\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f8\"> </span>(25.3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _f8\"> </span>(25.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs112\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>14<span class=\"_ _6\"></span>.0 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>14<span class=\"_ _6\"></span>.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs113\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4 <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>145<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _55\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _162\"> </span>152<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs114\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls9a ws7f gs115\">209<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs117\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs118\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs119\"> <span class=\"_ _14\"> </span>F2 <span class=\"_ _6\"></span> <span class=\"_ _12\"></span>Insurance and reinsur<span class=\"_ _3\"></span>ance contracts \u2013 quantitativ<span class=\"_ _3\"></span>e analysis of r<span class=\"_ _3\"></span>ecognised  </div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs11a\"> <span class=\"_ _7\"> </span>(g) <span class=\"_ _6\"></span>Expected r<span class=\"_ _3\"></span>ecognition of CSM<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs11b\">amounts \u2013 UK (continued)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls3c ws1 gs11c\">In the tables that follo<span class=\"_ _3\"></span>w the CSM accrues interest at the locked-in rate f<span class=\"_ _4\"></span>or GMM portfolios and at<span class=\"_ _36a\"> </span> </div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs11d\">  (e) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts r<span class=\"_ _4\"></span>ecognised in the period<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls3a ws1 gs11e\">current rates for <span class=\"_ _5\"></span>VF<span class=\"_ _5\"></span>A portfolios from the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date and is then amortised based on the coverage<span class=\"_ _36a\"> </span> </div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gs11f\">units of the contract groups to giv<span class=\"_ _3\"></span>e the timeline of the <span class=\"_ _3\"></span>expected recognition.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs120\"> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs121\"> <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs122\">31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _b1\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _13\"> </span>Insurance   R<span class=\"_ _c\"></span>einsurance</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 lsf8 ws1a2 gs123\"> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f\"> </span>contract<span class=\"_ _c\"></span>s  <span class=\"_ _238\"> </span>contract<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs124\">Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh i<span class=\"_ _c\"></span>nfl<span class=\"_ _c\"></span>ows <span class=\"_ _156\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>(9<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _f2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs125\"> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls1 ws1 gs126\">Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs127\">Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _e6\"> </span>2.7  <span class=\"_ _120\"> </span>0.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs128\">Claims and other insurance service expenses pay<span class=\"_ _4\"></span>able <span class=\"_ _d3\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _e7\"> </span>1<span class=\"_ _6\"></span>1.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs129\">Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.9 <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs12a\">Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _5e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>83.7  <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs12b\">Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.9 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs12c\">Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span>1.8 <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls74 ws1 gs12d\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal e<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of th<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of ne<span class=\"_ _c\"></span>t fu<span class=\"_ _c\"></span>ture c<span class=\"_ _c\"></span>a<span class=\"_ _c\"></span>sh in<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s/(out<span class=\"_ _c\"></span>fl<span class=\"_ _c\"></span>ows) <span class=\"_ _5e\"> </span>8<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.7  <span class=\"_ _3f\"> </span>1<span class=\"_ _6\"></span>1.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs12e\">Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>1.7 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs12f\">Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e6\"> </span>7<span class=\"_ _3\"></span>.2 <span class=\"_ _4\"></span> <span class=\"_ _10b\"> </span>(0.1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs130\">Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.7  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs131\">Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _3f\"> </span>19.8  <span class=\"_ _100\"> </span>0.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs132\">CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>7.5  <span class=\"_ _e5\"> </span>0.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs133\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _132\"> </span>37.0  <span class=\"_ _10c\"> </span>0.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs134\">Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>nis<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>on <span class=\"_ _6\"></span>ini<span class=\"_ _c\"></span>tia<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>reco<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n <span class=\"_ _13a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls30 ws1 gs135\">Insurance contracts recognised in the period relate to the acquisition of the unit-link<span class=\"_ _3\"></span>ed bond and<span class=\"_ _36a\"> </span> </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs136\">31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>2024 <span class=\"_ _9f\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _13\"> </span>Insuran<span class=\"_ _c\"></span>ce   Reinsurance<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls30 ws1 gs137\">pension business from Canada Lif<span class=\"_ _3\"></span>e in the current <span class=\"_ _5\"></span>year and the term assurance portfolio from<span class=\"_ _36a\"> </span> </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 lsf8 ws1a2 gs138\"> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f\"> </span>contract<span class=\"_ _c\"></span>s  <span class=\"_ _238\"> </span>contract<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls30 ws1 gs139\">Canada Lif<span class=\"_ _3\"></span>e in the prior <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. None of the acquired portfolios w<span class=\"_ _4\"></span>ere onerous at initial recognition.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs13a\"> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs13b\"> <span class=\"_ _f\"> </span>(f) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>acts recognised in the per<span class=\"_ _4\"></span>iod<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs13c\">Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _119\"> </span>3.5  <span class=\"_ _125\"> </span>(0.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gs13d\">There are no material ne<span class=\"_ _3\"></span>w insurance contracts recognised in the period for the UK.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs13e\">Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.5  <span class=\"_ _124\"> </span>(0.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs13f\">Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.2  <span class=\"_ _124\"> </span>(0.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs140\"> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs141\">Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _215\"> </span>2<span class=\"_ _c\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(0.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs142\"> <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs143\">Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span>1.8 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(0.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs144\">Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e9\"> </span>6.6 <span class=\"_ _4\"></span> <span class=\"_ _114\"> </span>(1.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs145\">Estimates of the pr<span class=\"_ _3\"></span>esent value of future cash inflo<span class=\"_ _3\"></span>ws <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _11f\"> </span>63<span class=\"_ _c\"></span>.4  <span class=\"_ _125\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs146\">Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _3f\"> </span>16.0  <span class=\"_ _114\"> </span>(1.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs147\">Estimates of the pr<span class=\"_ _3\"></span>esent value of future cash out<span class=\"_ _3\"></span>flows <span class=\"_ _f2\"> </span>  <span class=\"_ _52\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _11c\"> </span>(66<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _85\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs148\">Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>2.0  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs149\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f0\"> </span>34<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _85\"> </span>(4.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs14a\">CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.7  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs14b\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal v<span class=\"_ _c\"></span>al<span class=\"_ _c\"></span>ue of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts r<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>ogn<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>ed in t<span class=\"_ _c\"></span>he p<span class=\"_ _c\"></span>erio<span class=\"_ _c\"></span>d <span class=\"_ _f0\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _125\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls56 ws3d gs14c\">210<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff37 fs6 fc6 sc0 lse ws1 gs14d\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25</div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc2 sc0 ls1 ws1 gs76\"> <span class=\"_ _14\"> </span>F3 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Sweden</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gs77\">  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs78\"> <span class=\"_ _239\"> </span> <span class=\"_ _23a\"> </span>Liabilities for incurred claims</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws18 gs14e\"> <span class=\"_ _23b\"> </span>Contracts under P<span class=\"_ _4\"></span>A<span class=\"_ _c\"></span>A</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs7b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f9\"> </span>L<span class=\"_ _c\"></span>iab<span class=\"_ _c\"></span>ili<span class=\"_ _c\"></span>tie<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _238\"> </span>Fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _154\"> </span>PV <span class=\"_ _6\"></span>of  <span class=\"_ _16c\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs7c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11c\"> </span>remai<span class=\"_ _c\"></span>ning  <span class=\"_ _11d\"> </span>not <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r  <span class=\"_ _52\"> </span>f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>isk  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs7d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ea\"> </span>cover<span class=\"_ _c\"></span>age  <span class=\"_ _10f\"> </span>PA<span class=\"_ _c\"></span>A  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs14f\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs150\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t l<span class=\"_ _c\"></span>iabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>s as at 1 J<span class=\"_ _c\"></span>anua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _69\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>14<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _112\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _5\"></span> <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>174<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc7 sc0 ls1 ws1 gs80\">Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs81\">Insurance revenue<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs82\">Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>fair <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>approach <span class=\"_ _20\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _57\"> </span>(10.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _57\"> </span>(10.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs151\">Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>full <span class=\"_ _c\"></span>retrospective <span class=\"_ _c\"></span>approach <span class=\"_ _1a6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span> </div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs152\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8b ws6f gs85\">Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs86\">Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.7  <span class=\"_ _1c1\"> </span>8.7  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _8e\"> </span>9.5<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs153\">Adjustments <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>liabilities <span class=\"_ _6\"></span>for incurred <span class=\"_ _c\"></span>claims <span class=\"_ _bd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(4.5 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.2 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(<span class=\"_ _3\"></span>4.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs154\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>0.7  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _16b\"> </span>(0.1 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>4<span class=\"_ _6\"></span>.8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs155\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0.7 <span class=\"_ _9\"></span>) <span class=\"_ _ed\"> </span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _16b\"> </span>4<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _ed\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>(5<span class=\"_ _6\"></span>.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs156\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>5.9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>6<span class=\"_ _c\"></span>.3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs157\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>16.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _51\"> </span>20.<span class=\"_ _3\"></span>0<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs158\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>12<span class=\"_ _6\"></span>.0  <span class=\"_ _170\"> </span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _5c\"> </span>7.8 <span class=\"_ _9\"></span>(0<span class=\"_ _c\"></span>.1) <span class=\"_ _128\"> </span>2<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8d\">Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>(7<span class=\"_ _4\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _166\"> </span>7.<span class=\"_ _3\"></span>6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  </div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs8e\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8f\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>15.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>15.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs159\">Claims and other directly attributable e<span class=\"_ _3\"></span>xpenses paid <span class=\"_ _21\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(8.2 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(8<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(16.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs15a\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _116\"> </span>(8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>(<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs15b\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>16<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10d\"> </span>2<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.6  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _162\"> </span>19<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls56 ws3d gs15c\">211<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"> </span>F3 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Sweden (continued)</div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\">  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims (continued)</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs99\"> <span class=\"_ _239\"> </span> <span class=\"_ _23a\"> </span>Liabilities for incurred claims</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws18 gs15e\"> <span class=\"_ _23b\"> </span>Contracts under P<span class=\"_ _4\"></span>A<span class=\"_ _c\"></span>A</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f9\"> </span>L<span class=\"_ _c\"></span>iab<span class=\"_ _c\"></span>ili<span class=\"_ _c\"></span>tie<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _238\"> </span>Fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _154\"> </span>PV <span class=\"_ _6\"></span>of  <span class=\"_ _16c\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11c\"> </span>remai<span class=\"_ _c\"></span>ning  <span class=\"_ _11d\"> </span>not <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r  <span class=\"_ _52\"> </span>f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>isk  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9e\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ea\"> </span>cover<span class=\"_ _c\"></span>age  <span class=\"_ _10f\"> </span>PA<span class=\"_ _c\"></span>A  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs15f\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs160\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>33<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>37.1  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _1fe\"> </span>1<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc7 sc0 ls1 ws1 gsa1\">Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc7 sc0 ls8a ws6e gsa2\">Insurance revenue<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa3\">Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>fair <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>approach <span class=\"_ _20\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs161\">Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>full <span class=\"_ _c\"></span>retrospective <span class=\"_ _c\"></span>approach <span class=\"_ _1a6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>(9.3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(9.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs162\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10e\"> </span>(<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10e\"> </span>(<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8b ws6f gsa6\">Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa7\">Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.6  <span class=\"_ _1c1\"> </span>8.2  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _166\"> </span>8.9<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsd2\">Adjustments <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>liabilities <span class=\"_ _6\"></span>for incurred <span class=\"_ _c\"></span>claims <span class=\"_ _bd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(6.0 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(6<span class=\"_ _c\"></span>.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsd3\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _116\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsd4\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _154\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2)  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>6  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _51\"> </span>(7.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsd5\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>22.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _116\"> </span>23.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs163\">Effect of movements in e<span class=\"_ _3\"></span>xchange r<span class=\"_ _3\"></span>ates <span class=\"_ _23c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _116\"> </span>(10.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(2<span class=\"_ _c\"></span>.5 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _10f\"> </span>(12.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs164\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>6  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _6\"></span>5  <span class=\"_ _170\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsae\">Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(9.<span class=\"_ _3\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>9.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsaf\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsb0\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>17.<span class=\"_ _3\"></span>4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>17<span class=\"_ _3\"></span>.4<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs165\">Claims and other directly attributable e<span class=\"_ _3\"></span>xpenses paid <span class=\"_ _21\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _116\"> </span>(10.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(8<span class=\"_ _c\"></span>.3 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>18.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs166\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>7.4  <span class=\"_ _57\"> </span>(1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _57\"> </span>(8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs167\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t l<span class=\"_ _c\"></span>iabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>s as at 3<span class=\"_ _c\"></span>1 De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>14<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _112\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _4\"></span> <span class=\"_ _16f\"> </span>1<span class=\"_ _6\"></span>.7 <span class=\"_ _5\"></span> <span class=\"_ _1fe\"> </span>174<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls140 ws1 gs168\">The f<span class=\"_ _3\"></span>air value approach w<span class=\"_ _4\"></span>as appl<span class=\"_ _c\"></span>ied to all insurance contracts not measured under P<span class=\"_ _4\"></span>AA in <span class=\"_ _4\"></span>Sweden at transition. Note <span class=\"_ _3\"></span>A5 provides further details relating to f<span class=\"_ _3\"></span>air value methodology applied f<span class=\"_ _3\"></span>or contracts in <span class=\"_ _4\"></span>Sweden.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls56 ws3d gsb4\">212<span class=\"_ _b\"> </span><span class=\"ff37 lse ws1\">CHE<span class=\"_ _c\"></span>SN<span class=\"_ _c\"></span>AR<span class=\"_ _c\"></span>A A<span class=\"_ _c\"></span>NNUAL R<span class=\"_ _c\"></span>EPOR<span class=\"_ _c\"></span>T AND <span class=\"_ _c\"></span>ACCOUN<span class=\"_ _c\"></span>TS 20<span class=\"_ _3\"></span>25</span></div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gsb5\"> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb6\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb7\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb8\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gsb9\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsd7\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>13<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _a5\"> </span>1.<span class=\"_ _c\"></span>1  <span class=\"_ _166\"> </span>7.6  <span class=\"_ _10e\"> </span>142<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsd8\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsd9\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsbd\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(0.1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsbe\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>0.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsda\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsdb\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs169\">Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>estimat<span class=\"_ _3\"></span>es <span class=\"_ _c\"></span>that <span class=\"_ _6\"></span>adjust <span class=\"_ _c\"></span>the <span class=\"_ _c\"></span>CSM <span class=\"_ _1e9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs16a\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsde\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _ed\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>(0.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>) <span class=\"_ _57\"> </span>(0.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs16b\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16f\"> </span>5.6  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.2  <span class=\"_ _8e\"> </span>5.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs16c\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>15.7  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.9  <span class=\"_ _1f\"> </span>16.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs16d\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>21<span class=\"_ _c\"></span>.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _113\"> </span>2<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs16e\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs16f\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8a\"> </span>5.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8f\"> </span>5.5<span class=\"_ _36a\"> </span> </div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs170\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(8.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(8.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs171\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(2<span class=\"_ _6\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _116\"> </span>(2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs172\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _a5\"> </span>1.1  <span class=\"_ _170\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10e\"> </span>16<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls56 ws3d gs173\">213<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"> </span>F3 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Sweden (continued)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\"> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs99\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9c\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs175\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>12<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _a5\"> </span>1<span class=\"_ _c\"></span>.1  <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.0  <span class=\"_ _110\"> </span>13<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs176\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs177\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa0\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(0.1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa1\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs178\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _1f\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs179\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs17a\">Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>estimat<span class=\"_ _3\"></span>es <span class=\"_ _c\"></span>that <span class=\"_ _6\"></span>adjust <span class=\"_ _c\"></span>the <span class=\"_ _c\"></span>CSM <span class=\"_ _1e9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>(3.4 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>0.2  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3  <span class=\"_ _96\"> </span>0.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs17b\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _16f\"> </span>0.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs17c\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>(3<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _5c\"> </span>0<span class=\"_ _c\"></span>.1  <span class=\"_ _55\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs17d\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>22.6  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.2  <span class=\"_ _61\"> </span>22<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs17e\">Effect of movements in e<span class=\"_ _3\"></span>xchange r<span class=\"_ _3\"></span>ates <span class=\"_ _23c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(9.5 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(0.4 <span class=\"_ _8\"></span>) <span class=\"_ _10e\"> </span>(10.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs17f\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>0  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs180\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs181\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>8.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>8.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsac\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>(10.1 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>(10.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs182\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(2<span class=\"_ _6\"></span>.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs183\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>13<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _a5\"> </span>1.<span class=\"_ _c\"></span>1  <span class=\"_ _166\"> </span>7.6  <span class=\"_ _10e\"> </span>142<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls56 ws3d gsf9\">214<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff37 fs6 fc6 sc0 lse ws1 gsfa\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25</div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gsb5\"> <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws18 gsb6\"> <span class=\"_ _23d\"> </span>Contracts under P<span class=\"_ _4\"></span>A<span class=\"_ _c\"></span>A</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws1 gs184\"> <span class=\"_ _dd\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s fo<span class=\"_ _c\"></span>r inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d cl<span class=\"_ _c\"></span>aim<span class=\"_ _c\"></span>s</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs185\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _154\"> </span>PV <span class=\"_ _6\"></span>of  <span class=\"_ _167\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs186\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f0\"> </span>re<span class=\"_ _c\"></span>maining  <span class=\"_ _52\"> </span>future  <span class=\"_ _10f\"> </span>Risk  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs187\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span>c<span class=\"_ _c\"></span>over<span class=\"_ _c\"></span>age  <span class=\"_ _d3\"> </span>c<span class=\"_ _c\"></span>ash <span class=\"_ _6\"></span>flo<span class=\"_ _c\"></span>ws  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _104\"> </span>Total</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs188\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs189\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _75\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>0.7  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.6  <span class=\"_ _8a\"> </span>0<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>12<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs18a\">Reinsurance <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>allocation <span class=\"_ _6\"></span>of <span class=\"_ _c\"></span>reinsurance <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>(1.9 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>(1.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs18b\">Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs18c\">Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1c1\"> </span>2.<span class=\"_ _c\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1c1\"> </span>2.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs18d\">Changes in the expected r<span class=\"_ _3\"></span>ecover<span class=\"_ _3\"></span>ies for past claims <span class=\"_ _e1\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>(<span class=\"_ _c\"></span>1.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs18e\">Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs18f\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs190\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs191\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>0.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs192\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs193\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _6\"></span>net <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>ceding <span class=\"_ _6\"></span>commission <span class=\"_ _217\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _3d\"> </span>1.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs194\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contacts <span class=\"_ _6\"></span>held <span class=\"_ _58\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs195\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _65\"> </span>(2<span class=\"_ _c\"></span>.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs196\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _180\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _16f\"> </span>0<span class=\"_ _c\"></span>.1  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls56 ws3d gs197\">215<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs117\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs118\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs119\"> <span class=\"_ _14\"> </span>F3 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Sweden (continued)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs199\"> <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims (continued)</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws18 gs19a\"> <span class=\"_ _23d\"> </span>Contracts under P<span class=\"_ _4\"></span>A<span class=\"_ _c\"></span>A</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws1 gs19b\"> <span class=\"_ _dd\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s fo<span class=\"_ _c\"></span>r inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d cl<span class=\"_ _c\"></span>aim<span class=\"_ _c\"></span>s</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs19c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _154\"> </span>PV <span class=\"_ _6\"></span>of  <span class=\"_ _167\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs19d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f0\"> </span>re<span class=\"_ _c\"></span>maining  <span class=\"_ _52\"> </span>future  <span class=\"_ _10f\"> </span>Risk  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs19e\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span>c<span class=\"_ _c\"></span>over<span class=\"_ _c\"></span>age  <span class=\"_ _d3\"> </span>c<span class=\"_ _c\"></span>ash <span class=\"_ _6\"></span>flo<span class=\"_ _c\"></span>ws  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _104\"> </span>Total</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs19f\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs1a0\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _110\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _3\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1a1\">Reinsurance <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>allocation <span class=\"_ _6\"></span>of <span class=\"_ _c\"></span>reinsurance <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _166\"> </span>(1.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>(1.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs1a2\">Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1a3\">Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _8f\"> </span>1.9  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _8f\"> </span>1.9<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1a4\">Changes in the expected r<span class=\"_ _3\"></span>ecover<span class=\"_ _3\"></span>ies for past claims <span class=\"_ _e1\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(2.3 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(2.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs1a5\">Ne<span class=\"_ _c\"></span>t (expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>es)/<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e fro<span class=\"_ _c\"></span>m rei<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>uran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s he<span class=\"_ _c\"></span>ld <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _10f\"> </span>(0.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>0.1 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1a6\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1a7\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>(1.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs1a8\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>s re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d in co<span class=\"_ _c\"></span>mpr<span class=\"_ _c\"></span>ehe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>ive in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me <span class=\"_ _167\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>0.1 <span class=\"_ _8\"></span>) <span class=\"_ _113\"> </span>(2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs1a9\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1aa\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _6\"></span>net <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>ceding <span class=\"_ _6\"></span>commission <span class=\"_ _217\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>2.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1ab\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contacts <span class=\"_ _6\"></span>held <span class=\"_ _58\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1ac\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _65\"> </span>(2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1ad\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4 <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _115\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>6  <span class=\"_ _8a\"> </span>0.1  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4</div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs1ae\"> <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span> <span class=\"_ _12\"></span>Reinsurance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y measurement component \u2013  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs1af\">31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _b1\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>In<span class=\"_ _c\"></span>surance  <span class=\"_ _eb\"> </span>Reinsurance<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs1b0\">contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _4\"></span>AA<span class=\"_ _36a\"> </span> </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 lsf8 ws1a2 gs1b1\"> <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f0\"> </span>contrac<span class=\"_ _c\"></span>ts  <span class=\"_ _3f\"> </span>contract<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gs1b2\">All <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>eden reinsurance is measured as P<span class=\"_ _4\"></span>AA, therefore no table is presented for analy<span class=\"_ _3\"></span>sis  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs1b3\"> <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _57\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gs1b4\">of reinsurance contracts by measurement component.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1b5\">Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs1b6\">  (e) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts r<span class=\"_ _4\"></span>ecognised in the period<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1b7\">Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _61\"> </span>0.4 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gs1b8\">There are no material ne<span class=\"_ _3\"></span>w insurance contracts recognised in the period for <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>eden.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1b9\">Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _116\"> </span>0.<span class=\"_ _c\"></span>3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1ba\">Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>0.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1bb\">Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>0.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs1bc\"> <span class=\"_ _f\"> </span>(f) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>acts recognised in the per<span class=\"_ _4\"></span>iod<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1bd\">Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>1.5  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls30 ws1 gs1be\">There are no material ne<span class=\"_ _3\"></span>w reinsurance contracts recognised in the period for <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>eden.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1bf\">Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>4.9  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs1c0\"> <span class=\"_ _7\"> </span>(g) <span class=\"_ _6\"></span>Expected r<span class=\"_ _3\"></span>ecognition of CSM<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1c1\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1f\"> </span>8<span class=\"_ _c\"></span>.1  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls10 ws1 gs1c2\">In the tables that follo<span class=\"_ _3\"></span>w the CSM accrues interest at the locked-in rate f<span class=\"_ _4\"></span>or GMM portfolios and <span class=\"ls1\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls2f ws1 gs1c3\">at current rates for <span class=\"_ _5\"></span>VF<span class=\"_ _5\"></span>A portfolios from the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date and is then amortised based on <span class=\"ls1\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls30 ws1 gs1c4\">the cov<span class=\"_ _3\"></span>erage units of the contract groups to giv<span class=\"_ _3\"></span>e the timeline of the <span class=\"_ _3\"></span>expected recognition.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs1c5\">31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>2024 <span class=\"_ _9f\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>I<span class=\"_ _c\"></span>nsurance  <span class=\"_ _eb\"> </span>Reinsurance</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 lsf8 ws1a2 gs1c6\"> <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f0\"> </span>contrac<span class=\"_ _c\"></span>ts  <span class=\"_ _3f\"> </span>contract<span class=\"_ _c\"></span>s</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs1c7\"> <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _57\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1c8\">Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _115\"> </span>0.3  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1c9\">Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _65\"> </span>0.3 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1ca\">Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _65\"> </span>0.3 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1cb\">Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>0.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1cc\">Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>0.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1cd\">Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>1.4 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1ce\">Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>4.6  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1cf\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>7<span class=\"_ _4\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls56 ws3d gs1d0\">216<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff37 fs6 fc6 sc0 lse ws1 gs14d\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25</div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc2 sc0 ls1 ws1 gs76\"> <span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gs77\">  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs78\"> <span class=\"_ _232\"> </span>Liabilities for <span class=\"ls1 ws1\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs79\"> <span class=\"_ _233\"> </span>remaining coverage</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs7a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Excluding  <span class=\"_ _167\"> </span>  <span class=\"_ _123\"> </span>Liabilitie<span class=\"_ _c\"></span>s  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs7b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>l<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _111\"> </span>Lo<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>for <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs7c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs7d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs7e\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _130\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _65\"> </span>87.1  <span class=\"_ _111\"> </span>44<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _17b\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls1 ws1 gs7f\">Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span> </div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1d1\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _18a\"> </span>(1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3e\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8b ws6f gs1d2\">Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1d3\">Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _111\"> </span>(78.4 <span class=\"_ _9\"></span>) <span class=\"_ _57\"> </span>157<span class=\"_ _4\"></span>.1  <span class=\"_ _61\"> </span>78.7<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1d4\">Losses <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reversals <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>onerous <span class=\"_ _c\"></span>contracts <span class=\"_ _e1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>40.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>40.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs84\">Amortisation <span class=\"_ _6\"></span>of insurance <span class=\"_ _6\"></span>acquisition cash <span class=\"_ _6\"></span>flows <span class=\"_ _230\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16f\"> </span>3.<span class=\"_ _c\"></span>3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1d5\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _10e\"> </span>15<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _110\"> </span>12<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1d6\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c2\"> </span>(1<span class=\"_ _c\"></span>34<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _154\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _1fe\"> </span>1<span class=\"_ _c\"></span>57.1  <span class=\"_ _1fe\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1d7\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>79.<span class=\"_ _c\"></span>3  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>79.9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1d8\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _112\"> </span>134<span class=\"_ _c\"></span>.8  <span class=\"_ _1c1\"> </span>4.<span class=\"_ _c\"></span>2  <span class=\"_ _16f\"> </span>2.6  <span class=\"_ _f8\"> </span>14<span class=\"_ _c\"></span>1.6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1d9\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>7<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>9  <span class=\"_ _126\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _19e\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>9.7  <span class=\"_ _162\"> </span>20<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1da\">Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _3e\"> </span>(46<span class=\"_ _3\"></span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _110\"> </span>177<span class=\"_ _4\"></span>.4  <span class=\"_ _1c2\"> </span>(290.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs8b\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8c\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _126\"> </span>245.2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _104\"> </span>245.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8d\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _3e\"> </span>(330.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _66\"> </span>(330.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs8e\">Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _1a2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(5.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1db\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _3e\"> </span>2<span class=\"_ _6\"></span>39.<span class=\"_ _c\"></span>4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _120\"> </span>(3<span class=\"_ _c\"></span>30<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _23e\"> </span>(9<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1dc\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _124\"> </span>2<span class=\"_ _6\"></span>,<span class=\"_ _c\"></span>33<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _57\"> </span>53<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _116\"> </span>51<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _54\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls56 ws3d gs1dd\">217<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"></span><span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands (continued)</div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\">  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims (continued)</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs99\"> <span class=\"_ _232\"> </span>Liabilities for <span class=\"ls1 ws1\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs9a\"> <span class=\"_ _233\"> </span>remaining coverage</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws186 gs9b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Excluding  <span class=\"_ _167\"> </span>  <span class=\"_ _123\"> </span>Liabilitie<span class=\"_ _c\"></span>s  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>l<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _111\"> </span>Lo<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>for <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9e\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs9f\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _c4\"> </span>2<span class=\"_ _6\"></span>,<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _57\"> </span>77.0  <span class=\"_ _57\"> </span>47<span class=\"_ _3\"></span>.7  <span class=\"_ _85\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>64<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsa0\">Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>he <span class=\"_ _6\"></span>Inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>St<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t <span class=\"_ _193\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _109\"> </span>(1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _109\"> </span>(1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1df\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _109\"> </span>(<span class=\"_ _c\"></span>18<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _120\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8b ws6f gs1e0\">Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs179\">Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _f8\"> </span>(22.2 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>159.5  <span class=\"_ _f8\"> </span>137<span class=\"_ _3\"></span>.3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs17a\">Losses <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reversals <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>onerous <span class=\"_ _c\"></span>contracts <span class=\"_ _e1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>35.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _116\"> </span>35.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa5\">Amortisation <span class=\"_ _6\"></span>of insurance <span class=\"_ _6\"></span>acquisition cash <span class=\"_ _6\"></span>flows <span class=\"_ _230\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8a\"> </span>3.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1e1\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>3<span class=\"_ _c\"></span>.7  <span class=\"_ _51\"> </span>13<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _162\"> </span>176<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1e2\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _3e\"> </span>(1<span class=\"_ _c\"></span>76<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _104\"> </span>15<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs17e\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10e\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2.0  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10f\"> </span>212.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1e3\">Effect of movements in e<span class=\"_ _3\"></span>xchange r<span class=\"_ _3\"></span>ates <span class=\"_ _23c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8.7 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>(3.9 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>(2.2 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(124.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1e4\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>(83<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>10<span class=\"_ _c\"></span>.1  <span class=\"_ _112\"> </span>15<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _111\"> </span>8<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs181\">Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(187<span class=\"_ _4\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _110\"> </span>187<span class=\"_ _3\"></span>.6  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsac\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsad\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _112\"> </span>239.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _112\"> </span>239.2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsae\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _19e\"> </span>(348.1 <span class=\"_ _2f\"></span>) <span class=\"_ _3e\"> </span>(348.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsaf\">Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _1a2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>(6<span class=\"_ _c\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(6.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsf7\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18a\"> </span>23<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _66\"> </span>(3<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _3e\"> </span>(1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsf8\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _130\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _65\"> </span>87.1  <span class=\"_ _111\"> </span>44<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _17b\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gs1e5\">F<span class=\"_ _3\"></span>or the Netherlands, the full retrospective approach at transition has been applied to all insurance contracts.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls56 ws3d gsb4\">218<span class=\"_ _a\"> </span><span class=\"ff37 lse ws1\">CHE<span class=\"_ _c\"></span>SN<span class=\"_ _c\"></span>AR<span class=\"_ _c\"></span>A A<span class=\"_ _c\"></span>NNUAL REP<span class=\"_ _c\"></span>ORT A<span class=\"_ _c\"></span>ND <span class=\"_ _c\"></span>ACCOUN<span class=\"_ _c\"></span>TS 20<span class=\"_ _3\"></span>25</span></div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gs77\"> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs78\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs79\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs7a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs7b\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1e6\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _c4\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>27.9  <span class=\"_ _113\"> </span>22<span class=\"_ _6\"></span>.0  <span class=\"_ _162\"> </span>166<span class=\"_ _6\"></span>.6  <span class=\"_ _17b\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>16<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs1e7\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1e8\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(17.<span class=\"_ _3\"></span>1 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(17<span class=\"_ _3\"></span>.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs7f\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _115\"> </span>(2<span class=\"_ _c\"></span>.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>(2.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs80\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10f\"> </span>(35<span class=\"_ _c\"></span>.5 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10f\"> </span>(35<span class=\"_ _c\"></span>.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs1e9\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>) <span class=\"_ _113\"> </span>(2<span class=\"_ _6\"></span>.9 <span class=\"_ _8\"></span>) <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7.1 <span class=\"_ _0\"></span>) <span class=\"_ _154\"> </span>(5<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs1d3\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1d4\">Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>(7.6 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>2.4  <span class=\"_ _1f\"> </span>10.5  <span class=\"_ _16f\"> </span>5.3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs84\">Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>17.6 <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>(1.4 <span class=\"_ _8\"></span>) <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>16.2 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs85\">Changes in estimates that result in losses or r<span class=\"_ _3\"></span>eversals of losses on oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _16a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>35.0 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.2 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>34.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1ea\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>4<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _115\"> </span>(5<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _f8\"> </span>4<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1eb\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _16b\"> </span>(2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>(2<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1d8\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>77.<span class=\"_ _3\"></span>1  <span class=\"_ _1f\"> </span>(0.6 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>3.4  <span class=\"_ _61\"> </span>79.9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs89\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.4  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>2  <span class=\"_ _1c1\"> </span>9.0  <span class=\"_ _10f\"> </span>14<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs8a\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _50\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.0  <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>) <span class=\"_ _162\"> </span>(1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _23e\"> </span>2<span class=\"_ _c\"></span>06<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs8b\">Di<span class=\"_ _c\"></span>sp<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>als <span class=\"_ _23f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _52\"> </span>(29<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _52\"> </span>(2<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs1ec\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1ed\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _104\"> </span>245.<span class=\"_ _c\"></span>2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _104\"> </span>245.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1ee\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18a\"> </span>(330.3 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _3e\"> </span>(330.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1db\">Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _1a2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(5.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1dc\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>(90<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _162\"> </span>(9<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1ef\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _85\"> </span>2<span class=\"_ _6\"></span>,<span class=\"_ _c\"></span>26<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _f8\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _104\"> </span>15<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10c\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls56 ws3d gs1dd\">219<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands (continued)</div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\"> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs99\">(Re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d) <span class=\"_ _240\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9c\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs175\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _125\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>52<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _116\"> </span>38<span class=\"_ _c\"></span>.1  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>57.8  <span class=\"_ _85\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs176\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs177\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _113\"> </span>(18<span class=\"_ _c\"></span>.0 <span class=\"_ _9\"></span>) <span class=\"_ _110\"> </span>(18.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa0\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _115\"> </span>(3.0 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(3.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa1\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _57\"> </span>(<span class=\"_ _c\"></span>18.3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _57\"> </span>(18.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs178\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0 <span class=\"_ _8\"></span>) <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>18<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>) <span class=\"_ _23e\"> </span>(<span class=\"_ _c\"></span>39<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs179\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs17a\">Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>(7<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _8f\"> </span>1.6  <span class=\"_ _5c\"> </span>8<span class=\"_ _c\"></span>.8  <span class=\"_ _16f\"> </span>2<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa5\">Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(8.0 <span class=\"_ _8\"></span>) <span class=\"_ _10e\"> </span>(14.0 <span class=\"_ _9\"></span>) <span class=\"_ _f8\"> </span>22.0 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa6\">Changes in estimates that result in losses or r<span class=\"_ _3\"></span>eversals of losses on oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _16a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>33.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>32<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1f1\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>18<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _10e\"> </span>(1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _57\"> </span>35<span class=\"_ _6\"></span>.5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1f2\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _162\"> </span>(1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _113\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1e3\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _112\"> </span>207<span class=\"_ _4\"></span>.2  <span class=\"_ _3d\"> </span>1.7  <span class=\"_ _16f\"> </span>3.7  <span class=\"_ _110\"> </span>212<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsaa\">Effect of movements in e<span class=\"_ _3\"></span>xchange r<span class=\"_ _3\"></span>ates <span class=\"_ _23c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>115.7 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(<span class=\"_ _c\"></span>1.4 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>(7.<span class=\"_ _3\"></span>7 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(124.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsab\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>91<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _115\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _111\"> </span>8<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsac\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsad\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _112\"> </span>239.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _112\"> </span>239.2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsae\">Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _19e\"> </span>(348.1 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19e\"> </span>(34<span class=\"_ _c\"></span>8.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsaf\">Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _1a2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>(6<span class=\"_ _c\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(6.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsf7\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _154\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>5.7 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _154\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>5.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsf8\">Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _c4\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>27.9  <span class=\"_ _113\"> </span>22<span class=\"_ _6\"></span>.0  <span class=\"_ _162\"> </span>166<span class=\"_ _6\"></span>.6  <span class=\"_ _10c\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls9a ws7f gsf9\">220<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff37 fs6 fc6 sc0 lse ws1 gsfa\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25</div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gsb5\"> <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws1 gsb6\"> <span class=\"_ _62\"> </span> <span class=\"_ _241\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s f<span class=\"_ _c\"></span>or  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws6e gsb7\"> <span class=\"_ _62\"> </span> <span class=\"_ _242\"> </span>remaining coverage</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb8\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Exc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>ing  <span class=\"_ _19e\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>-  <span class=\"_ _18b\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls9a ws1a7 gsb9\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _156\"> </span>lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>-re<span class=\"_ _c\"></span>cove<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y  <span class=\"_ _e9\"> </span>r<span class=\"_ _c\"></span>ecove<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y  <span class=\"_ _119\"> </span>i<span class=\"_ _c\"></span>ncurr<span class=\"_ _c\"></span>ed  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gsba\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gsbb\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsbc\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _4\"></span> <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsbd\">Reinsurance expenses \u2013 allocation of r<span class=\"_ _3\"></span>einsurance premiums paid <span class=\"_ _129\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(28.9 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(28<span class=\"_ _c\"></span>.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsbe\">Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsbf\">Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>28.0 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>28.0<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsc0\">Income <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>initial <span class=\"_ _6\"></span>recognition of <span class=\"_ _6\"></span>onerous <span class=\"_ _c\"></span>underlying <span class=\"_ _c\"></span>contracts <span class=\"_ _104\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3d\"> </span>1.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1f3\">Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>loss-recov<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>component <span class=\"_ _fa\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs1f4\">Changes in the FCF of reinsurance c<span class=\"_ _3\"></span>ontracts held f<span class=\"_ _6\"></span>rom oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _123\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _65\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(0.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1f5\">Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>) <span class=\"_ _65\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsc4\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _9e\"> </span>1<span class=\"_ _c\"></span>.4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _9e\"> </span>1<span class=\"_ _c\"></span>.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsc5\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.0 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>0.3  <span class=\"_ _8e\"> </span>0.2  <span class=\"_ _1f\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsc6\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _104\"> </span>(2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _f8\"> </span>28<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _ed\"> </span>(0.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsc7\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1f6\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _51\"> </span>28.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>28.8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1f7\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10f\"> </span>(23.9 <span class=\"_ _2f\"></span>) <span class=\"_ _10e\"> </span>(23.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1f8\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>28<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _115\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs1f9\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>5.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>6.<span class=\"_ _c\"></span>0 <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>(7.1 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls56 ws3d gs1fa\">221<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands (continued)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\"> <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims (continued)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws1 gs99\">(Re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d) <span class=\"_ _243\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s f<span class=\"_ _c\"></span>or  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs9a\"> <span class=\"_ _62\"> </span> <span class=\"_ _242\"> </span>remaining coverage</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Exc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>ing  <span class=\"_ _19e\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>-  <span class=\"_ _18b\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls9a ws1a7 gs9c\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _156\"> </span>lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>-re<span class=\"_ _c\"></span>cove<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y  <span class=\"_ _e9\"> </span>r<span class=\"_ _c\"></span>ecove<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y  <span class=\"_ _119\"> </span>i<span class=\"_ _c\"></span>ncurr<span class=\"_ _c\"></span>ed  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9d\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9e\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs9f\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>26<span class=\"_ _6\"></span>.2 <span class=\"_ _8\"></span>) <span class=\"_ _115\"> </span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _5\"></span> <span class=\"_ _55\"> </span>9.<span class=\"_ _6\"></span>5 <span class=\"_ _5\"></span> <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa0\">Reinsurance expenses \u2013 allocation of r<span class=\"_ _3\"></span>einsurance premiums paid <span class=\"_ _129\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(27<span class=\"_ _3\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(27.<span class=\"_ _3\"></span>1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsa1\">Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa2\">Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _115\"> </span>21.4 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>21.4<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa3\">Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>loss-recov<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>component <span class=\"_ _fa\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsa4\">Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1 <span class=\"_ _9\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _113\"> </span>21<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _116\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa5\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa6\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16a\"> </span>1.1  <span class=\"_ _1f\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(0.3 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>0.5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1f1\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>26<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>(1<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1  <span class=\"_ _61\"> </span>(6<span class=\"_ _6\"></span>.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gs1f2\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa9\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>34.3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>34.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsd4\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _111\"> </span>(28<span class=\"_ _c\"></span>.9 <span class=\"_ _2f\"></span>) <span class=\"_ _112\"> </span>(28.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsd5\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>34<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _104\"> </span>(2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsd6\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _4\"></span> <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(1<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls1 ws1 gs1fc\">F<span class=\"_ _3\"></span>or <span class=\"_ _4\"></span>Scildon, t<span class=\"_ _c\"></span>he full retrospective approach at transition has been applied to all reinsurance contracts.<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls56 ws3d gsb4\">222<span class=\"_ _11\"> </span><span class=\"ff37 lse ws1\">CH<span class=\"_ _c\"></span>ES<span class=\"_ _c\"></span>NAR<span class=\"_ _6\"></span>A ANNUAL REP<span class=\"_ _c\"></span>ORT A<span class=\"_ _c\"></span>ND <span class=\"_ _c\"></span>ACCOUNT<span class=\"_ _c\"></span>S 20<span class=\"_ _3\"></span>25</span></div><div class=\"t m0 h10 ff44 fsb fc6 sc0 lsb3 wsa6 gs75\"> <span class=\"_ _1ee\"> </span>NO<span class=\"_ _3\"></span>TES TO<span class=\"_ _3\"></span> THE CONSOL<span class=\"_ _3\"></span>ID<span class=\"_ _3\"></span>A<span class=\"_ _4\"></span>TED F<span class=\"_ _4\"></span>INANCIAL ST<span class=\"_ _4\"></span>A<span class=\"_ _4\"></span>TEME<span class=\"_ _3\"></span>NTS</div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gsb5\"> <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Reinsurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb6\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb7\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span> <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  </div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls1 ws76 gsb8\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws183 gsb9\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsd7\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>(47<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _110\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsd8\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsd9\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>received <span class=\"_ _18d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(3.0 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(3.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsbd\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsbe\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>3.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gsda\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gsdb\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs169\">Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>(2.6 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>0.5  <span class=\"_ _8e\"> </span>2.0  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsc2\">Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(3.1 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(0.2 <span class=\"_ _8\"></span>) <span class=\"_ _170\"> </span>3.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsc3\">CSM adjustment for income on initial rec<span class=\"_ _3\"></span>ognition of onerous underlying contracts <span class=\"_ _10b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _55\"> </span>0.4 <span class=\"_ _4\"></span> <span class=\"_ _5c\"> </span>0.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsc4\">Changes in recov<span class=\"_ _4\"></span>eries of losses on onerous underlying contracts that adjust the CSM <span class=\"_ _e7\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.7 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(0.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1fd\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>(5<span class=\"_ _6\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _6\"></span>3  <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.0  <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1fe\">Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se)/<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _19b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _116\"> </span>(2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _10d\"> </span>(0<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>2<span class=\"_ _6\"></span>.0  <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1ff\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>income <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>eld <span class=\"_ _6d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16d\"> </span>1.1  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _55\"> </span>0.4  <span class=\"_ _9e\"> </span>1.4<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsc8\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>(2.6 <span class=\"_ _2f\"></span>) <span class=\"_ _16b\"> </span>0.4  <span class=\"_ _3d\"> </span>1.7  <span class=\"_ _1f\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsc9\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _f8\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _170\"> </span>4<span class=\"_ _c\"></span>.1  <span class=\"_ _16b\"> </span>(0.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsca\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gscb\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _51\"> </span>28.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>28.8<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws184 gscc\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>(23.9 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _f8\"> </span>(23.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs200\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16b\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs201\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _19e\"> </span>(46<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _115\"> </span>7.4 <span class=\"_ _4\"></span> <span class=\"_ _f8\"> </span>3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>(<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff44 fs6 fc6 sc0 lse ws1 gs92\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff33 fs6 fc6 sc0 ls56 ws3d gsd0\">223<span class=\"_ _36a\"> </span></div><div class=\"t m1 h10 ff37 fsb fc6 sc0 ls155 ws182 gs95\">IFRS FINA<span class=\"_ _c\"></span>NCIA<span class=\"_ _c\"></span>L S<span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ATE<span class=\"_ _3\"></span>MENTS<span class=\"_ _36a\"> </span></div><div class=\"t m1 hc ff32 fs9 fc2 sc0 ls54 ws1 gs96\">SEC<span class=\"_ _c\"></span>TION F \u2013 INSUR<span class=\"_ _c\"></span>ANCE AND REINSUR<span class=\"_ _6\"></span>ANCE C<span class=\"_ _4\"></span>ONTR<span class=\"_ _c\"></span>A<span class=\"_ _3\"></span>C<span class=\"_ _c\"></span>TS</div><div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs97\"> <span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands (continued)</div><div class=\"t m1 h13 ff35 fsc fc6 sc0 ls1 ws1 gs98\"> <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Reinsurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA (continued)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs99\">(Re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d) <span class=\"_ _240\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9a\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span> <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs9b\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs9c\"> <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs175\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _162\"> </span>(<span class=\"_ _3\"></span>48<span class=\"_ _6\"></span>.<span class=\"_ _3\"></span>7 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>26<span class=\"_ _6\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs176\">Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs177\">CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>received <span class=\"_ _18d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>(3.1 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>(3.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa0\">Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsa1\">Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>(1.5 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>(1.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs178\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _0\"></span>) <span class=\"_ _65\"> </span>(3<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs179\">Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs17a\">Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>(2.4 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>0.6  <span class=\"_ _19b\"> </span>1.9  <span class=\"_ _96\"> </span>0.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa5\">Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8f\"> </span>(1.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(4.1 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>3.7 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(1.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gsa6\">Changes in recov<span class=\"_ _4\"></span>eries of losses on onerous underlying contracts that adjust the CSM <span class=\"_ _e7\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>0.5 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>0.5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs1f1\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _7e\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _170\"> </span>6<span class=\"_ _c\"></span>.1 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs1f2\">Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se)/<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _19b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>(4.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _116\"> </span>(6<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs1e3\">Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>income <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>eld <span class=\"_ _6d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>(1.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>0.6  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsaa\">Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>2.2  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>(1.2 <span class=\"_ _2f\"></span>) <span class=\"_ _170\"> </span>0.5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gsab\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(4<span class=\"_ _c\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _f8\"> </span>(4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _16b\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _61\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf6 ws101 gsac\">Cash flows<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsad\">Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>34.3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>34.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gsae\">Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _111\"> </span>(28<span class=\"_ _c\"></span>.9 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _110\"> </span>(28.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs203\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws1 gs204\">Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>(47<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _110\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _3\"></span> <span class=\"_ _10f\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff33 fs6 fc6 sc0 ls74 ws8a gsf9\">224<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff37 fs6 fc6 sc0 lse ws1 gsfa\">CHES<span class=\"_ _c\"></span>NA<span class=\"_ _c\"></span>R<span class=\"_ _c\"></span>A AN<span class=\"_ _c\"></span>NUAL REPO<span class=\"_ _c\"></span>RT A<span class=\"_ _c\"></span>ND ACCO<span class=\"_ _c\"></span>UNT<span class=\"_ _c\"></span>S 20<span class=\"_ _4\"></span>25</div>(e) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts r<span class=\"_ _4\"></span>ecognised in the period<span class=\"_ _36a\"> </span> <span class=\"_ _f\"> </span>(f) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>acts recognised in the per<span class=\"_ _4\"></span>iod<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>Ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _c\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _238\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _128\"> </span>Non-<span class=\"_ _c\"></span>onerous  <span class=\"_ _5d\"> </span>Onerous  <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f\"> </span>contrac<span class=\"_ _c\"></span>ts  <span class=\"_ _f\"> </span>contract<span class=\"_ _c\"></span>s  <span class=\"_ _41\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _6\"></span>5  <span class=\"_ _14\"> </span>(re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>te<span class=\"_ _c\"></span>d<span class=\"_ _c\"></span>) <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh i<span class=\"_ _c\"></span>nfl<span class=\"_ _c\"></span>ows <span class=\"_ _156\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _42\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>) <span class=\"_ _29\"> </span>(70<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _1f5\"> </span>(2<span class=\"_ _c\"></span>02<span class=\"_ _6\"></span>.0<span class=\"_ _36a\"> </span> <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Estimates of the pr<span class=\"_ _3\"></span>esent value of future cash inflo<span class=\"_ _3\"></span>ws <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _ea\"> </span>11<span class=\"_ _c\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _11b\"> </span>11.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Estimates of the pr<span class=\"_ _3\"></span>esent value of future cash out<span class=\"_ _3\"></span>flows <span class=\"_ _f2\"> </span>  <span class=\"_ _52\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _11f\"> </span>(1<span class=\"_ _c\"></span>3.5 <span class=\"_ _8\"></span>) <span class=\"_ _f0\"> </span>(1<span class=\"_ _c\"></span>3.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.5  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Claims and other insurance service expenses pay<span class=\"_ _4\"></span>able <span class=\"_ _d3\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _132\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _4\"></span>.7 <span class=\"_ _3\"></span> <span class=\"_ _11d\"> </span>73.<span class=\"_ _3\"></span>6 <span class=\"_ _4\"></span> <span class=\"_ _132\"> </span>191.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>2<span class=\"_ _c\"></span>.0  <span class=\"_ _129\"> </span>1.9<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _5e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.7  <span class=\"_ _129\"> </span>1.5  <span class=\"_ _119\"> </span>3.2<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal v<span class=\"_ _c\"></span>al<span class=\"_ _c\"></span>ue of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts r<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>ogn<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>ed in t<span class=\"_ _c\"></span>he p<span class=\"_ _c\"></span>erio<span class=\"_ _c\"></span>d <span class=\"_ _f0\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _125\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal e<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of th<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of fu<span class=\"_ _c\"></span>tur<span class=\"_ _c\"></span>e ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s <span class=\"_ _1b\"> </span>11<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _11d\"> </span>75.<span class=\"_ _c\"></span>1 <span class=\"_ _4\"></span> <span class=\"_ _f9\"> </span>1<span class=\"_ _c\"></span>94<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>All reinsurance contracts abov<span class=\"_ _3\"></span>e are in respect of ne<span class=\"_ _3\"></span>w business written and all contract groups were<span class=\"_ _36a\"> </span>Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _128\"> </span>1.1  <span class=\"_ _e5\"> </span>2.4<span class=\"_ _36a\"> </span>originally in a net cost position.<span class=\"_ _36a\"> </span>CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>10.5  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _134\"> </span>10.5<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(g) <span class=\"_ _6\"></span>Expected r<span class=\"_ _3\"></span>ecognition of CSM<span class=\"_ _36a\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>nis<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>on <span class=\"_ _6\"></span>ini<span class=\"_ _c\"></span>tia<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>reco<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n <span class=\"_ _13a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e7\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _e7\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>In the tables that follo<span class=\"_ _3\"></span>w the CSM accrues interest at the locked-in rate f<span class=\"_ _4\"></span>or GMM portfolios and at<span class=\"_ _36a\"> </span>current rates for <span class=\"_ _5\"></span>VF<span class=\"_ _5\"></span>A portfolios from the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date and is then amortised based on the coverage<span class=\"_ _36a\"> </span>units of the contract groups to giv<span class=\"_ _3\"></span>e the timeline of the <span class=\"_ _3\"></span>expected recognition.<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>Ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _c\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _5e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _128\"> </span>Non-<span class=\"_ _c\"></span>onerous  <span class=\"_ _5d\"> </span>O<span class=\"_ _c\"></span>nerous (restated) <span class=\"_ _244\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f\"> </span>contracts  <span class=\"_ _f\"> </span>contrac<span class=\"_ _c\"></span>ts  <span class=\"_ _41\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _b1\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _13\"> </span>Insurance   R<span class=\"_ _c\"></span>einsurance <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f\"> </span>contract<span class=\"_ _c\"></span>s  <span class=\"_ _238\"> </span>contract<span class=\"_ _c\"></span>s <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh i<span class=\"_ _c\"></span>nfl<span class=\"_ _c\"></span>ows <span class=\"_ _156\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _137\"> </span>(<span class=\"_ _c\"></span>92<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>) <span class=\"_ _137\"> </span>(4<span class=\"_ _c\"></span>0.1 <span class=\"_ _8\"></span>) <span class=\"_ _157\"> </span>(1<span class=\"_ _c\"></span>32<span class=\"_ _6\"></span>.6<span class=\"_ _36a\"> </span> <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _134\"> </span>12.8  <span class=\"_ _c4\"> </span>(3.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e7\"> </span>1<span class=\"_ _c\"></span>1.6 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(2.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Claims and other insurance service expenses pay<span class=\"_ _4\"></span>able <span class=\"_ _d3\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>1.2 <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span>1.0 <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.2<span class=\"_ _36a\"> </span>Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _3f\"> </span>10.6 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>(2<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _5e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1fa\"> </span>81.6  <span class=\"_ _134\"> </span>41.2  <span class=\"_ _d3\"> </span>122.8<span class=\"_ _36a\"> </span>Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _215\"> </span>9.8 <span class=\"_ _4\"></span> <span class=\"_ _54\"> </span>(2.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _215\"> </span>8.9 <span class=\"_ _3\"></span> <span class=\"_ _c4\"> </span>(2.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal e<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of th<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of fu<span class=\"_ _c\"></span>tur<span class=\"_ _c\"></span>e ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s <span class=\"_ _238\"> </span>8<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.8 <span class=\"_ _4\"></span> <span class=\"_ _f0\"> </span>42<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _5\"></span> <span class=\"_ _137\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _18b\"> </span>34<span class=\"_ _c\"></span>.5 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(8.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _18b\"> </span>68<span class=\"_ _c\"></span>.2  <span class=\"_ _128\"> </span>(10.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _86\"> </span>1.0  <span class=\"_ _e9\"> </span>0.6  <span class=\"_ _129\"> </span>1.6<span class=\"_ _36a\"> </span>CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>8<span class=\"_ _c\"></span>.7  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e9\"> </span>8<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _3c\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _e5\"> </span>(3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>nis<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>on <span class=\"_ _6\"></span>ini<span class=\"_ _c\"></span>tia<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>reco<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n <span class=\"_ _13a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _215\"> </span>2<span class=\"_ _c\"></span>.7  <span class=\"_ _215\"> </span>2<span class=\"_ _6\"></span>.7<span class=\"_ _36a\"> </span>All insurance contracts abov<span class=\"_ _3\"></span>e are in respect of ne<span class=\"_ _3\"></span>w business written.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>2024 <span class=\"_ _9f\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _13\"> </span>Insuran<span class=\"_ _c\"></span>ce   Reinsurance<span class=\"_ _36a\"> </span>(restated) <span class=\"_ _244\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f\"> </span>contracts  <span class=\"_ _238\"> </span>contract<span class=\"_ _c\"></span>s <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>13.5  <span class=\"_ _c4\"> </span>(3.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _134\"> </span>12.<span class=\"_ _c\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(2.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _ea\"> </span>1<span class=\"_ _c\"></span>1.4 <span class=\"_ _4\"></span> <span class=\"_ _54\"> </span>(2.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _123\"> </span>10.4 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>(2.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e9\"> </span>9.6 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(2.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e8\"> </span>36<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>(7.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _11d\"> </span>72.7  <span class=\"_ _125\"> </span>(9.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _137\"> </span>16<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _e9\"> </span>(2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-58": {
   "value": "F1 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing notes pro<span class=\"_ _3\"></span>vide a quantitative analy<span class=\"_ _4\"></span>sis of the insurance and reinsurance contract<span class=\"_ _36a\"> </span>assets and liabilities and are disaggregated by the IFR<span class=\"_ _3\"></span>S 8 Operating segments. <span class=\"_ _2f\"></span>This disaggregatio<span class=\"_ _36a\"> </span>has been chosen for the f<span class=\"_ _3\"></span>ollowing notes because it is management\u2019<span class=\"_ _2f\"></span>s view that together with the<span class=\"_ _36a\"> </span>information in the underwriting risk section, it pro<span class=\"_ _3\"></span>vides the most relev<span class=\"_ _3\"></span>ant information f<span class=\"_ _3\"></span>or assessin<span class=\"_ _36a\"> </span>the eff<span class=\"_ _4\"></span>ect that contracts within the scope of IFRS 1<span class=\"_ _5\"></span>7 have <span class=\"_ _3\"></span>on the entity\u2019<span class=\"_ _2f\"></span>s financial performance and position.<span class=\"_ _36a\"> </span>(a) <span class=\"_ _6\"></span>Composition of the Stat<span class=\"_ _3\"></span>ement of Financial P<span class=\"_ _3\"></span>osition<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing tables sho<span class=\"_ _3\"></span>w the breakdown <span class=\"_ _4\"></span>of the insurance and reinsurance contract assets and<span class=\"_ _36a\"> </span>liabilities for <span class=\"_ _3\"></span>each of the <span class=\"_ _3\"></span>operating segments within Chesnara. Note B2 provides details f<span class=\"_ _3\"></span>or the<span class=\"_ _36a\"> </span>values <span class=\"_ _3\"></span>of insurance and reinsurance contracts for the broad product groups within <span class=\"_ _3\"></span>each segment<span class=\"_ _36a\"> </span>As the <span class=\"_ _3\"></span>operating segments hav<span class=\"_ _3\"></span>e been revised f<span class=\"_ _3\"></span>ollowing the integration <span class=\"_ _3\"></span>of our Dutch businesses<span class=\"_ _36a\"> </span>the prior <span class=\"_ _4\"></span>year comparativ<span class=\"_ _3\"></span>es hav<span class=\"_ _3\"></span>e been restated to maintain comparability<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _215\"> </span>UK  <span class=\"_ _11c\"> </span>Swed<span class=\"_ _c\"></span>en  <span class=\"_ _cd\"> </span>Net<span class=\"_ _c\"></span>herl<span class=\"_ _c\"></span>and<span class=\"_ _c\"></span>s  <span class=\"_ _eb\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _231\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _50\"> </span>  <span class=\"_ _29\"> </span>1,<span class=\"_ _c\"></span>306.4  <span class=\"_ _10b\"> </span>193.0  <span class=\"_ _129\"> </span>2,441.3  <span class=\"_ _cb\"> </span>3,940.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _8e\"> </span>  <span class=\"_ _52\"> </span>\u2013  <span class=\"_ _16b\"> </span>\u2013  <span class=\"_ _ed\"> </span>\u2013  <span class=\"_ _119\"> </span>\u2013<span class=\"_ _36a\"> </span>Net insurance contrac<span class=\"_ _c\"></span>t <span class=\"_ _c\"></span>liabilitie<span class=\"_ _c\"></span>s <span class=\"_ _73\"> </span>  <span class=\"_ _22b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>306<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _124\"> </span>193<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _f7\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>41.<span class=\"_ _6\"></span>3  <span class=\"_ _62\"> </span>3<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>94<span class=\"_ _c\"></span>0.7<span class=\"_ _36a\"> </span>Reinsurance contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _50\"> </span>  <span class=\"_ _123\"> </span>155.0  <span class=\"_ _154\"> </span>11<span class=\"_ _c\"></span>.6  <span class=\"_ _10e\"> </span>1.4  <span class=\"_ _138\"> </span>168<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _21c\"> </span>contract <span class=\"_ _7\"> </span>liabilities <span class=\"_ _125\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _129\"> </span>(2.0 ) <span class=\"_ _ed\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _154\"> </span>(8.5 ) <span class=\"_ _29\"> </span>(10.5 )<span class=\"_ _36a\"> </span>Net reinsurance con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _1e\"> </span>  <span class=\"_ _f0\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _1c2\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _154\"> </span>(7.1 <span class=\"_ _9\"></span>) <span class=\"_ _1f5\"> </span>1<span class=\"_ _6\"></span>57<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _1b4\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _18b\"> </span>Current  <span class=\"_ _5d\"> </span>N<span class=\"_ _c\"></span>on-<span class=\"_ _c\"></span>current  <span class=\"_ _139\"> </span>Total<span class=\"_ _36a\"> </span> <span class=\"_ _1b4\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _50\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _c4\"> </span>523.4  <span class=\"_ _30\"> </span>3,417<span class=\"_ _4\"></span>.3  <span class=\"_ _cb\"> </span>3,940.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _8e\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _ed\"> </span>\u2013  <span class=\"_ _16b\"> </span>\u2013  <span class=\"_ _119\"> </span>\u2013<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _50\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _120\"> </span>30.2  <span class=\"_ _114\"> </span>137<span class=\"_ _3\"></span>.8  <span class=\"_ _4e\"> </span>168.0<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _130\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _18a\"> </span>(3.2 <span class=\"_ _2f\"></span>) <span class=\"_ _107\"> </span>1<span class=\"_ _c\"></span>3.7  <span class=\"_ _41\"> </span>10.5<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _96\"> </span>  <span class=\"_ _cd\"> </span>Net<span class=\"_ _c\"></span>herl<span class=\"_ _c\"></span>and<span class=\"_ _c\"></span>s  <span class=\"_ _231\"> </span>  <span class=\"_ _11b\"> </span>U<span class=\"_ _c\"></span>K  <span class=\"_ _11c\"> </span>Swede<span class=\"_ _c\"></span>n  <span class=\"_ _f9\"> </span>(res<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>ed <span class=\"_ _2f\"></span>) <span class=\"_ _163\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l<span class=\"_ _36a\"> </span> <span class=\"_ _231\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _50\"> </span>  <span class=\"_ _42\"> </span>1,<span class=\"_ _c\"></span>308.5  <span class=\"_ _52\"> </span>17<span class=\"_ _3\"></span>4.1  <span class=\"_ _127\"> </span>2,616.5  <span class=\"_ _15\"> </span>4<span class=\"_ _c\"></span>,099.1<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _8e\"> </span>  <span class=\"_ _127\"> </span>(1.8 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>\u2013  <span class=\"_ _16b\"> </span>\u2013  <span class=\"_ _d3\"> </span>(1.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net insurance contrac<span class=\"_ _c\"></span>t <span class=\"_ _c\"></span>liabilitie<span class=\"_ _c\"></span>s <span class=\"_ _73\"> </span>  <span class=\"_ _157\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>30<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7  <span class=\"_ _10c\"> </span>1<span class=\"_ _c\"></span>74.1  <span class=\"_ _e7\"> </span>2<span class=\"_ _6\"></span>,616<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _38\"> </span>4<span class=\"_ _c\"></span>,0<span class=\"_ _c\"></span>97.3<span class=\"_ _36a\"> </span>Reinsurance contrac<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _50\"> </span>  <span class=\"_ _e8\"> </span>154.8  <span class=\"_ _161\"> </span>12.4  <span class=\"_ _104\"> </span>2.7  <span class=\"_ _3b\"> </span>169.9<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _21c\"> </span>contract <span class=\"_ _7\"> </span>liabilities <span class=\"_ _125\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _129\"> </span>(2.0 ) <span class=\"_ _ed\"> </span>\u2013 <span class=\"_ _21c\"> </span> <span class=\"_ _120\"> </span>(14.6 ) <span class=\"_ _29\"> </span>(16 .6 )<span class=\"_ _36a\"> </span>Net reinsurance con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>ct <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _1e\"> </span>  <span class=\"_ _f0\"> </span>1<span class=\"_ _c\"></span>52<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _10a\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11e\"> </span>(1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _163\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span> <span class=\"_ _1b4\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _18b\"> </span>Current  <span class=\"_ _5d\"> </span>N<span class=\"_ _c\"></span>on-<span class=\"_ _c\"></span>current  <span class=\"_ _139\"> </span>Total<span class=\"_ _36a\"> </span> <span class=\"_ _1b4\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _50\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _125\"> </span>730.5  <span class=\"_ _e5\"> </span>3,<span class=\"_ _c\"></span>368.6  <span class=\"_ _15\"> </span>4,099.1<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _8e\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _154\"> </span>(1.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>\u2013  <span class=\"_ _d3\"> </span>(1.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>assets <span class=\"_ _50\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _120\"> </span>29.9  <span class=\"_ _54\"> </span>140.0  <span class=\"_ _157\"> </span>169.9<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>contract <span class=\"_ _c\"></span>liabilities <span class=\"_ _130\"> </span>  <span class=\"_ _154\"> </span>  <span class=\"_ _162\"> </span>0.5  <span class=\"_ _1c2\"> </span>(17.<span class=\"_ _3\"></span>1 <span class=\"_ _2f\"></span>) <span class=\"_ _13a\"> </span>(16.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span> <span class=\"_ _6\"></span>Fair v<span class=\"_ _4\"></span>alue of under<span class=\"_ _3\"></span>lying items<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing table sho<span class=\"_ _3\"></span>ws the fair v<span class=\"_ _4\"></span>alue of the underlying items of the Group\u2019<span class=\"_ _5\"></span>s direct participating<span class=\"_ _36a\"> </span>contracts for <span class=\"_ _3\"></span>each reporting segment.<span class=\"_ _36a\"> </span> <span class=\"_ _231\"> </span>  <span class=\"_ _11b\"> </span>U<span class=\"_ _c\"></span>K  <span class=\"_ _11c\"> </span>Swede<span class=\"_ _c\"></span>n  <span class=\"_ _5d\"> </span>N<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>her<span class=\"_ _c\"></span>lan<span class=\"_ _c\"></span>ds  <span class=\"_ _eb\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l <span class=\"_ _231\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _161\"> </span>\u00a3m  <span class=\"_ _3e\"> </span>\u00a3m  <span class=\"_ _ef\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue of underlying items as <span class=\"_ _c\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _c\"></span>December <span class=\"_ _c\"></span>2025 <span class=\"_ _167\"> </span>  <span class=\"_ _2a\"> </span>848.1  <span class=\"_ _52\"> </span>161.7  <span class=\"_ _3a\"> </span>1,198<span class=\"_ _c\"></span>.9  <span class=\"_ _cb\"> </span>2<span class=\"_ _c\"></span>,208.7<span class=\"_ _36a\"> </span>Fair v<span class=\"_ _3\"></span>alue of underlying items as at 31 December 202<span class=\"_ _3\"></span>4 (restated) <span class=\"_ _11d\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f0\"> </span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1.0 <span class=\"_ _3\"></span> <span class=\"_ _54\"> </span>142.4 <span class=\"_ _4\"></span> <span class=\"_ _3a\"> </span>1,3<span class=\"_ _3\"></span>77<span class=\"_ _4\"></span>.7 <span class=\"_ _3\"></span> <span class=\"_ _1f9\"> </span>2,231.1<span class=\"_ _36a\"> </span>Composition of under<span class=\"_ _3\"></span>lying items<span class=\"_ _36a\"> </span>The majority <span class=\"_ _3\"></span>of the fair v<span class=\"_ _3\"></span>alue of underlying items across the Group are held in collectiv<span class=\"_ _3\"></span>e inv<span class=\"_ _4\"></span>estment<span class=\"_ _36a\"> </span>schemes. A small proportion is held in <span class=\"_ _4\"></span>equit<span class=\"_ _c\"></span>ies, debt securities and in cash and deposits. <span class=\"_ _14\"> </span>F2 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 UK  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims <span class=\"_ _232\"> </span>Liabilities for  <span class=\"_ _233\"> </span>remaining coverage <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Excluding  <span class=\"_ _167\"> </span>  <span class=\"_ _123\"> </span>Liabilitie<span class=\"_ _c\"></span>s  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>l<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _111\"> </span>Lo<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>for <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18c\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.6  <span class=\"_ _16b\"> </span>15<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>54<span class=\"_ _6\"></span>.0  <span class=\"_ _17b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>306<span class=\"_ _6\"></span>.7<span class=\"_ _36a\"> </span>Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>Insurance revenue<span class=\"_ _36a\"> </span>Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>fair <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>approach <span class=\"_ _20\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>(5<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _113\"> </span>(5<span class=\"_ _c\"></span>1.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>full <span class=\"_ _c\"></span>retrospective <span class=\"_ _c\"></span>approach <span class=\"_ _1a6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>(27.4 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10f\"> </span>(27.<span class=\"_ _3\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _162\"> </span>(7<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.7 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>76.7  <span class=\"_ _10d\"> </span>7<span class=\"_ _3\"></span>4.0<span class=\"_ _36a\"> </span>Losses <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reversals <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>onerous <span class=\"_ _c\"></span>contracts <span class=\"_ _e1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>7.<span class=\"_ _c\"></span>2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>7.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _113\"> </span>76<span class=\"_ _6\"></span>.7  <span class=\"_ _51\"> </span>81<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>78<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _115\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _113\"> </span>76<span class=\"_ _c\"></span>.7  <span class=\"_ _55\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>19.<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10e\"> </span>4<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _16b\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _57\"> </span>76.7  <span class=\"_ _110\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _112\"> </span>(1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>2.2  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>5<span class=\"_ _c\"></span>1.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.9  <span class=\"_ _116\"> </span>52.6<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _50\"> </span>(17<span class=\"_ _3\"></span>4.6 <span class=\"_ _2f\"></span>) <span class=\"_ _18a\"> </span>(17<span class=\"_ _3\"></span>4.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Acquisitions <span class=\"_ _234\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _116\"> </span>5<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3e\"> </span>(<span class=\"_ _c\"></span>17<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _109\"> </span>(1<span class=\"_ _c\"></span>22<span class=\"_ _6\"></span>.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10a\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>17.<span class=\"_ _c\"></span>5  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>9.7  <span class=\"_ _f8\"> </span>6<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _54\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>306<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span> <span class=\"_ _14\"> </span>F2 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 UK (continued)  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims (continued) <span class=\"_ _232\"> </span>Liabilities for  <span class=\"_ _233\"> </span>remaining coverage <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Excluding  <span class=\"_ _167\"> </span>  <span class=\"_ _123\"> </span>Liabilitie<span class=\"_ _c\"></span>s  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>l<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _111\"> </span>Lo<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>for <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _109\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>12<span class=\"_ _6\"></span>.4  <span class=\"_ _113\"> </span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6  <span class=\"_ _10a\"> </span>1,<span class=\"_ _6\"></span>379<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>Insurance revenue<span class=\"_ _36a\"> </span>Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>fair <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>approach <span class=\"_ _20\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _57\"> </span>(58<span class=\"_ _c\"></span>.1 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10d\"> </span>(58.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>full <span class=\"_ _c\"></span>retrospective <span class=\"_ _c\"></span>approach <span class=\"_ _1a6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>13.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>13.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _111\"> </span>(7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>(1.8 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>62<span class=\"_ _c\"></span>.3  <span class=\"_ _51\"> </span>60.5<span class=\"_ _36a\"> </span>Losses <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reversals <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>onerous <span class=\"_ _c\"></span>contracts <span class=\"_ _e1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.4<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _f8\"> </span>6<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _110\"> </span>64<span class=\"_ _6\"></span>.9<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _ed\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _f8\"> </span>6<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _51\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>98.5  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>98.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>27.<span class=\"_ _c\"></span>2  <span class=\"_ _5c\"> </span>2<span class=\"_ _6\"></span>.7  <span class=\"_ _f8\"> </span>62<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _113\"> </span>92<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _104\"> </span>(135.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _10f\"> </span>135.7  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _65\"> </span>35.3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>35.3<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>197<span class=\"_ _4\"></span>.7 <span class=\"_ _2f\"></span>) <span class=\"_ _19e\"> </span>(197<span class=\"_ _4\"></span>.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Acquisitions <span class=\"_ _234\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>9.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>(1<span class=\"_ _c\"></span>1.9 <span class=\"_ _2f\"></span>) <span class=\"_ _115\"> </span>(2.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>4<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10a\"> </span>(2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>6 <span class=\"_ _2f\"></span>) <span class=\"_ _52\"> </span>(<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18c\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.6  <span class=\"_ _16b\"> </span>15<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>54<span class=\"_ _6\"></span>.0  <span class=\"_ _17b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>There is no P<span class=\"_ _5\"></span>AA business in the UK segment. Note A5(a) sets out the f<span class=\"_ _4\"></span>air value methodology applied at transition that has been applied for the CA contracts in the UK.<span class=\"_ _36a\"> </span><span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA <span class=\"_ _1bd\"> </span>  <span class=\"_ _6\"></span> <span class=\"_ _b9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>C<span class=\"_ _c\"></span>SM <span class=\"_ _6\"></span>(new  <span class=\"_ _167\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f6\"> </span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>and  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>P<span class=\"_ _c\"></span>res<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>value  <span class=\"_ _167\"> </span>  <span class=\"_ _3f\"> </span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts  <span class=\"_ _132\"> </span>(contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture  <span class=\"_ _f8\"> </span>Ris<span class=\"_ _c\"></span>k  <span class=\"_ _11f\"> </span>m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _11f\"> </span>me<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt  <span class=\"_ _ee\"> </span>un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FR<span class=\"_ _c\"></span>A <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FVA <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _114\"> </span>1,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>7<span class=\"_ _3\"></span>.0  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _57\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _17b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>30<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.4 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(3.0 <span class=\"_ _9\"></span>) <span class=\"_ _65\"> </span>(5.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1f\"> </span>(2.2 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(2.2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>3.8  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _10f\"> </span>(2<span class=\"_ _6\"></span>.4 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0 <span class=\"_ _8\"></span>) <span class=\"_ _113\"> </span>(4<span class=\"_ _c\"></span>.7 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _57\"> </span>(10.2 <span class=\"_ _2f\"></span>) <span class=\"_ _5c\"> </span>2.7  <span class=\"_ _8f\"> </span>7.5  <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>estimat<span class=\"_ _3\"></span>es <span class=\"_ _c\"></span>that <span class=\"_ _6\"></span>adjust <span class=\"_ _c\"></span>the <span class=\"_ _c\"></span>CSM <span class=\"_ _1e9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c1\"> </span>0.3  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _16b\"> </span>(5.3 <span class=\"_ _2f\"></span>) <span class=\"_ _170\"> </span>4.5  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>Changes in estimates that result in losses or r<span class=\"_ _3\"></span>eversals of losses on oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _16a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>7.<span class=\"_ _3\"></span>0 <span class=\"_ _4\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _19b\"> </span>7<span class=\"_ _4\"></span>.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>(2<span class=\"_ _6\"></span>.9 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _96\"> </span>7.1<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _170\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _166\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _55\"> </span>2<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _1c1\"> </span>0.7  <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9.3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10e\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.6  <span class=\"_ _170\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _110\"> </span>12<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>5<span class=\"_ _c\"></span>1.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>51.7<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>17<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.6 <span class=\"_ _9\"></span>) <span class=\"_ _55\"> </span>0.9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _104\"> </span>(173.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Acquisitions <span class=\"_ _234\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1c2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>22<span class=\"_ _6\"></span>.9 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c2\"> </span>(1<span class=\"_ _c\"></span>22<span class=\"_ _6\"></span>.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11e\"> </span>1,<span class=\"_ _6\"></span>26<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.0  <span class=\"_ _170\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _10f\"> </span>3<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _54\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _6\"></span>306<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span>F2 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 UK (continued)<span class=\"_ _36a\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA (continued) <span class=\"_ _1bd\"> </span>  <span class=\"_ _6\"></span> <span class=\"_ _b9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>C<span class=\"_ _c\"></span>SM <span class=\"_ _6\"></span>(new  <span class=\"_ _167\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f6\"> </span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>and  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>P<span class=\"_ _c\"></span>res<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>value  <span class=\"_ _167\"> </span>  <span class=\"_ _3f\"> </span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts  <span class=\"_ _132\"> </span>(contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture  <span class=\"_ _f8\"> </span>Ris<span class=\"_ _c\"></span>k  <span class=\"_ _11f\"> </span>m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _11f\"> </span>me<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt  <span class=\"_ _ee\"> </span>un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FR<span class=\"_ _c\"></span>A <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FVA <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10c\"> </span>1,<span class=\"_ _6\"></span>34<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _57\"> </span>22<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _52\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>79<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _65\"> </span>(3.8 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(3.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(1.8 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _55\"> </span>(1.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(5.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(5.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>) <span class=\"_ _16f\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(6.2 <span class=\"_ _9\"></span>) <span class=\"_ _51\"> </span>(4.9 <span class=\"_ _9\"></span>) <span class=\"_ _61\"> </span>(2<span class=\"_ _c\"></span>.8 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>13.9 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span>Changes in estimates that result in losses or r<span class=\"_ _3\"></span>eversals of losses on oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _16a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _5c\"> </span>4<span class=\"_ _c\"></span>.3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>4.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _7e\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _116\"> </span>(2<span class=\"_ _6\"></span>.7 <span class=\"_ _0\"></span>) <span class=\"_ _10f\"> </span>(4.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Ins u ran c e <span class=\"_ _31\"> </span>se r<span class=\"_ _c\"></span>v ic e <span class=\"_ _31\"> </span>re s ul t <span class=\"_ _4d\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _55\"> </span>( 7.7 ) <span class=\"_ _61\"> </span>(6 . 6 ) <span class=\"_ _65\"> </span>(2<span class=\"_ _6\"></span>.2 ) <span class=\"_ _ed\"> </span>10 .1 <span class=\"_ _21c\"> </span> <span class=\"_ _115\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 )<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _51\"> </span>96.6  <span class=\"_ _16a\"> </span>1.1  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _10d\"> </span>98<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _110\"> </span>8<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _65\"> </span>(5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>10<span class=\"_ _c\"></span>.7  <span class=\"_ _f8\"> </span>9<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>35.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _65\"> </span>35.3<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _104\"> </span>(197<span class=\"_ _4\"></span>.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _104\"> </span>(197<span class=\"_ _4\"></span>.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Acquisitions <span class=\"_ _234\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>(2.2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _107\"> </span>(<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _107\"> </span>(<span class=\"_ _c\"></span>16<span class=\"_ _c\"></span>4<span class=\"_ _6\"></span>.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _114\"> </span>1,<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>7<span class=\"_ _3\"></span>.0  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _57\"> </span>33<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10b\"> </span>1<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>The contracts initially recognised in the period relate to the acquisition <span class=\"_ _3\"></span>of the unit-linked bond and pension portf<span class=\"_ _3\"></span>olio from Canada Lif<span class=\"_ _3\"></span>e.<span class=\"_ _36a\"> </span> <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _154\"> </span>L<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>-  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f0\"> </span>re<span class=\"_ _c\"></span>maining  <span class=\"_ _e9\"> </span>rec<span class=\"_ _c\"></span>overy  <span class=\"_ _119\"> </span>incurred  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span>coverage  <span class=\"_ _44\"> </span>component  <span class=\"_ _18c\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _75\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>13<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _51\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _162\"> </span>152<span class=\"_ _6\"></span>.8<span class=\"_ _36a\"> </span>Reinsurance expenses \u2013 allocation of r<span class=\"_ _3\"></span>einsurance premiums paid <span class=\"_ _129\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(27.2 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _110\"> </span>(27.2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>30.4 <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>30.4<span class=\"_ _36a\"> </span>Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>loss-recov<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>component <span class=\"_ _fa\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3d\"> </span>2.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3d\"> </span>2<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1fe\"> </span>(2<span class=\"_ _c\"></span>7.2 <span class=\"_ _2f\"></span>) <span class=\"_ _1c1\"> </span>2<span class=\"_ _c\"></span>.1  <span class=\"_ _10f\"> </span>30<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _5c\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>2.6  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>2.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1fe\"> </span>(<span class=\"_ _c\"></span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6 <span class=\"_ _2f\"></span>) <span class=\"_ _166\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _110\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _65\"> </span>17.9<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>(4.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _5c\"> </span>4.0  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>9.9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>9.9<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _f8\"> </span>(27<span class=\"_ _3\"></span>.6 <span class=\"_ _9\"></span>) <span class=\"_ _111\"> </span>(27<span class=\"_ _3\"></span>.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>9.<span class=\"_ _c\"></span>9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _112\"> </span>(2<span class=\"_ _c\"></span>7.6 <span class=\"_ _9\"></span>) <span class=\"_ _10e\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _180\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>9  <span class=\"_ _8f\"> </span>2<span class=\"_ _6\"></span>.1  <span class=\"_ _51\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _18b\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>fo<span class=\"_ _c\"></span>r  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _11c\"> </span>remaining  <span class=\"_ _119\"> </span>incurred  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ea\"> </span>cove<span class=\"_ _c\"></span>rag<span class=\"_ _c\"></span>e  <span class=\"_ _100\"> </span>cla<span class=\"_ _c\"></span>ims  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _26\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _19e\"> </span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Reinsurance expenses \u2013 allocation of r<span class=\"_ _3\"></span>einsurance premiums paid <span class=\"_ _129\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _111\"> </span>(23.9 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>(23.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _51\"> </span>23.0 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>23.0<span class=\"_ _36a\"> </span>Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>loss-recov<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>component <span class=\"_ _fa\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>) <span class=\"_ _111\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _3d\"> </span>3.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _a5\"> </span>3.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _10e\"> </span>2<span class=\"_ _6\"></span>3.<span class=\"_ _c\"></span>0  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(2.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>2<span class=\"_ _c\"></span>.8  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>1<span class=\"_ _6\"></span>1.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _55\"> </span>1<span class=\"_ _c\"></span>1.4<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _110\"> </span>(25.4 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>(25.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _65\"> </span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _162\"> </span>(14<span class=\"_ _6\"></span>.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4 <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>38<span class=\"_ _6\"></span>.6  <span class=\"_ _51\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _162\"> </span>152<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span> <span class=\"_ _14\"> </span>F2 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 UK (continued) <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Reinsurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA <span class=\"_ _1bd\"> </span>  <span class=\"_ _6\"></span> <span class=\"_ _b9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>C<span class=\"_ _c\"></span>SM <span class=\"_ _6\"></span>(new  <span class=\"_ _167\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f6\"> </span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>and  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>P<span class=\"_ _c\"></span>res<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>value  <span class=\"_ _167\"> </span>  <span class=\"_ _3f\"> </span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts  <span class=\"_ _132\"> </span>(contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture  <span class=\"_ _f8\"> </span>Ris<span class=\"_ _c\"></span>k  <span class=\"_ _11f\"> </span>m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _11f\"> </span>me<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt  <span class=\"_ _ee\"> </span>un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FR<span class=\"_ _c\"></span>A <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FVA <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _75\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>45<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _55\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _162\"> </span>152<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>received <span class=\"_ _18d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.4  <span class=\"_ _170\"> </span>(0.1 <span class=\"_ _2f\"></span>) <span class=\"_ _170\"> </span>0.3<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _65\"> </span>(0.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _65\"> </span>(0.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>3.8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>3.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _96\"> </span>9.1 <span class=\"_ _3\"></span> <span class=\"_ _115\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _111\"> </span>(12<span class=\"_ _c\"></span>.4 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(1.4 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>CSM adjustment for income on initial rec<span class=\"_ _3\"></span>ognition of onerous underlying contracts <span class=\"_ _10b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _170\"> </span>0.9 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _5c\"> </span>0.9<span class=\"_ _36a\"> </span>Changes in recov<span class=\"_ _4\"></span>eries of losses on onerous underlying contracts that adjust the CSM <span class=\"_ _e7\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _9e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1c1\"> </span>5.<span class=\"_ _c\"></span>2  <span class=\"_ _9e\"> </span>1.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>6.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _7e\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(6<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>) <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t (expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e)/i<span class=\"_ _c\"></span>nco<span class=\"_ _c\"></span>me fr<span class=\"_ _c\"></span>om re<span class=\"_ _c\"></span>ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s he<span class=\"_ _c\"></span>ld <span class=\"_ _9e\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10d\"> </span>13<span class=\"_ _6\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _10f\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _1f\"> </span>5.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>income <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>eld <span class=\"_ _6d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>12.<span class=\"_ _c\"></span>2  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>12.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>s re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d in co<span class=\"_ _c\"></span>mpr<span class=\"_ _c\"></span>ehe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>ive in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me <span class=\"_ _167\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f8\"> </span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _5c\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _57\"> </span>17.9<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>9.9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>9.9<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f8\"> </span>(27.6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _f8\"> </span>(27<span class=\"_ _3\"></span>.6 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>17.7 <span class=\"_ _8\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>17.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _50\"> </span>1<span class=\"_ _c\"></span>53<span class=\"_ _6\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _3\"></span> <span class=\"_ _50\"> </span>15<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span> <span class=\"_ _1bd\"> </span>  <span class=\"_ _6\"></span> <span class=\"_ _b9\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e8\"> </span>C<span class=\"_ _c\"></span>SM <span class=\"_ _6\"></span>(new  <span class=\"_ _167\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f6\"> </span>co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>and  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>S<span class=\"_ _c\"></span>M  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>P<span class=\"_ _c\"></span>res<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>value  <span class=\"_ _167\"> </span>  <span class=\"_ _3f\"> </span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts  <span class=\"_ _132\"> </span>(contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture  <span class=\"_ _f8\"> </span>Ris<span class=\"_ _c\"></span>k  <span class=\"_ _11f\"> </span>m<span class=\"_ _c\"></span>eas<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _11f\"> </span>me<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>ure<span class=\"_ _c\"></span>d  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tme<span class=\"_ _c\"></span>nt  <span class=\"_ _ee\"> </span>un<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FR<span class=\"_ _c\"></span>A <span class=\"_ _9\"></span>) <span class=\"_ _ef\"> </span>u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>FVA <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _26\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _104\"> </span>15<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _170\"> </span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _16b\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _5c\"> </span>5.<span class=\"_ _c\"></span>6  <span class=\"_ _50\"> </span>16<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>received <span class=\"_ _18d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(0.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _65\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _115\"> </span>(0.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>0.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8e\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _5\"></span> <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _10f\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>estimat<span class=\"_ _3\"></span>es <span class=\"_ _c\"></span>that <span class=\"_ _6\"></span>adjust <span class=\"_ _c\"></span>the <span class=\"_ _c\"></span>CSM <span class=\"_ _1e9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>0.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _16b\"> </span>(0.<span class=\"_ _3\"></span>1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(0.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se)/<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _19b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _116\"> </span>(0.<span class=\"_ _c\"></span>6 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>income <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>eld <span class=\"_ _6d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>3.0  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _19b\"> </span>3<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _166\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>1<span class=\"_ _6\"></span>1.3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f8\"> </span>(25.3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _f8\"> </span>(25.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>14<span class=\"_ _6\"></span>.0 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>14<span class=\"_ _6\"></span>.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4 <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>145<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _55\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _162\"> </span>152<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>F2 <span class=\"_ _6\"></span> <span class=\"_ _12\"></span>Insurance and reinsur<span class=\"_ _3\"></span>ance contracts \u2013 quantitativ<span class=\"_ _3\"></span>e analysis of r<span class=\"_ _3\"></span>ecognised amounts \u2013 UK (continued)<span class=\"_ _36a\"> </span>(e) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts r<span class=\"_ _4\"></span>ecognised in the period<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh i<span class=\"_ _c\"></span>nfl<span class=\"_ _c\"></span>ows <span class=\"_ _156\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>(9<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _f2\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Claims and other insurance service expenses pay<span class=\"_ _4\"></span>able <span class=\"_ _d3\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _e7\"> </span>1<span class=\"_ _6\"></span>1.7<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _5e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>83.7  <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal e<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of th<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of ne<span class=\"_ _c\"></span>t fu<span class=\"_ _c\"></span>ture c<span class=\"_ _c\"></span>a<span class=\"_ _c\"></span>sh in<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s/(out<span class=\"_ _c\"></span>fl<span class=\"_ _c\"></span>ows) <span class=\"_ _5e\"> </span>8<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.7  <span class=\"_ _3f\"> </span>1<span class=\"_ _6\"></span>1.7<span class=\"_ _36a\"> </span>Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.7  <span class=\"_ _129\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span>CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>7.5  <span class=\"_ _e5\"> </span>0.7<span class=\"_ _36a\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>nis<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>on <span class=\"_ _6\"></span>ini<span class=\"_ _c\"></span>tia<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>reco<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n <span class=\"_ _13a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>Insurance contracts recognised in the period relate to the acquisition of the unit-link<span class=\"_ _3\"></span>ed bond and<span class=\"_ _36a\"> </span>pension business from Canada Lif<span class=\"_ _3\"></span>e in the current <span class=\"_ _5\"></span>year and the term assurance portfolio from<span class=\"_ _36a\"> </span>Canada Lif<span class=\"_ _3\"></span>e in the prior <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. None of the acquired portfolios w<span class=\"_ _4\"></span>ere onerous at initial recognition.<span class=\"_ _36a\"> </span>(f) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>acts recognised in the per<span class=\"_ _4\"></span>iod<span class=\"_ _36a\"> </span>There are no material ne<span class=\"_ _3\"></span>w insurance contracts recognised in the period for the UK.<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Estimates of the pr<span class=\"_ _3\"></span>esent value of future cash inflo<span class=\"_ _3\"></span>ws <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _11f\"> </span>63<span class=\"_ _c\"></span>.4  <span class=\"_ _125\"> </span>\u2013<span class=\"_ _36a\"> </span>Estimates of the pr<span class=\"_ _3\"></span>esent value of future cash out<span class=\"_ _3\"></span>flows <span class=\"_ _f2\"> </span>  <span class=\"_ _52\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _11c\"> </span>(66<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _85\"> </span>\u2013<span class=\"_ _36a\"> </span>Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>2.0  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.7  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal v<span class=\"_ _c\"></span>al<span class=\"_ _c\"></span>ue of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts r<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>ogn<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>ed in t<span class=\"_ _c\"></span>he p<span class=\"_ _c\"></span>erio<span class=\"_ _c\"></span>d <span class=\"_ _f0\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _125\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(g) <span class=\"_ _6\"></span>Expected r<span class=\"_ _3\"></span>ecognition of CSM<span class=\"_ _36a\"> </span>In the tables that follo<span class=\"_ _3\"></span>w the CSM accrues interest at the locked-in rate f<span class=\"_ _4\"></span>or GMM portfolios and at<span class=\"_ _36a\"> </span>current rates for <span class=\"_ _5\"></span>VF<span class=\"_ _5\"></span>A portfolios from the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date and is then amortised based on the coverage<span class=\"_ _36a\"> </span>units of the contract groups to giv<span class=\"_ _3\"></span>e the timeline of the <span class=\"_ _3\"></span>expected recognition.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _b1\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _13\"> </span>Insurance   R<span class=\"_ _c\"></span>einsurance <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f\"> </span>contract<span class=\"_ _c\"></span>s  <span class=\"_ _238\"> </span>contract<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _e6\"> </span>2.7  <span class=\"_ _120\"> </span>0.1<span class=\"_ _36a\"> </span>Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.9 <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span>0.<span class=\"_ _3\"></span>1<span class=\"_ _36a\"> </span>Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _129\"> </span>1.9 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span>1.8 <span class=\"_ _4\"></span> <span class=\"_ _126\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>1.7 <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e6\"> </span>7<span class=\"_ _3\"></span>.2 <span class=\"_ _4\"></span> <span class=\"_ _10b\"> </span>(0.1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _3f\"> </span>19.8  <span class=\"_ _100\"> </span>0.7<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _132\"> </span>37.0  <span class=\"_ _10c\"> </span>0.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>2024 <span class=\"_ _9f\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _13\"> </span>Insuran<span class=\"_ _c\"></span>ce   Reinsurance<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f\"> </span>contract<span class=\"_ _c\"></span>s  <span class=\"_ _238\"> </span>contract<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _119\"> </span>3.5  <span class=\"_ _125\"> </span>(0.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.5  <span class=\"_ _124\"> </span>(0.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.2  <span class=\"_ _124\"> </span>(0.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _215\"> </span>2<span class=\"_ _c\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(0.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span>1.8 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(0.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e9\"> </span>6.6 <span class=\"_ _4\"></span> <span class=\"_ _114\"> </span>(1.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _3f\"> </span>16.0  <span class=\"_ _114\"> </span>(1.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f0\"> </span>34<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _85\"> </span>(4.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span> <span class=\"_ _14\"> </span>F3 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Sweden  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims <span class=\"_ _239\"> </span> <span class=\"_ _23a\"> </span>Liabilities for incurred claims <span class=\"_ _23b\"> </span>Contracts under P<span class=\"_ _4\"></span>A<span class=\"_ _c\"></span>A <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f9\"> </span>L<span class=\"_ _c\"></span>iab<span class=\"_ _c\"></span>ili<span class=\"_ _c\"></span>tie<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _238\"> </span>Fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _154\"> </span>PV <span class=\"_ _6\"></span>of  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11c\"> </span>remai<span class=\"_ _c\"></span>ning  <span class=\"_ _11d\"> </span>not <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r  <span class=\"_ _52\"> </span>f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>isk  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ea\"> </span>cover<span class=\"_ _c\"></span>age  <span class=\"_ _10f\"> </span>PA<span class=\"_ _c\"></span>A  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t l<span class=\"_ _c\"></span>iabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>s as at 1 J<span class=\"_ _c\"></span>anua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _69\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>14<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _112\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _5\"></span> <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>174<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>Insurance revenue<span class=\"_ _36a\"> </span>Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>fair <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>approach <span class=\"_ _20\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _57\"> </span>(10.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _57\"> </span>(10.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>full <span class=\"_ _c\"></span>retrospective <span class=\"_ _c\"></span>approach <span class=\"_ _1a6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.7  <span class=\"_ _1c1\"> </span>8.7  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _8e\"> </span>9.5<span class=\"_ _36a\"> </span>Adjustments <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>liabilities <span class=\"_ _6\"></span>for incurred <span class=\"_ _c\"></span>claims <span class=\"_ _bd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(4.5 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.2 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(<span class=\"_ _3\"></span>4.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>0.7  <span class=\"_ _55\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _16b\"> </span>(0.1 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>4<span class=\"_ _6\"></span>.8<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _111\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0.7 <span class=\"_ _9\"></span>) <span class=\"_ _ed\"> </span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _16b\"> </span>4<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _ed\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>(5<span class=\"_ _6\"></span>.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>5.9  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>6<span class=\"_ _c\"></span>.3<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>16.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _51\"> </span>20.<span class=\"_ _3\"></span>0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>12<span class=\"_ _6\"></span>.0  <span class=\"_ _170\"> </span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _5c\"> </span>7.8 <span class=\"_ _9\"></span>(0<span class=\"_ _c\"></span>.1) <span class=\"_ _128\"> </span>2<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>(7<span class=\"_ _4\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _166\"> </span>7.<span class=\"_ _3\"></span>6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013 Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>15.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>15.4<span class=\"_ _36a\"> </span>Claims and other directly attributable e<span class=\"_ _3\"></span>xpenses paid <span class=\"_ _21\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(8.2 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(8<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>(16.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _116\"> </span>(8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>(<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>16<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10d\"> </span>2<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.6  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _162\"> </span>19<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span> <span class=\"_ _14\"> </span>F3 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Sweden (continued)  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims (continued) <span class=\"_ _239\"> </span> <span class=\"_ _23a\"> </span>Liabilities for incurred claims <span class=\"_ _23b\"> </span>Contracts under P<span class=\"_ _4\"></span>A<span class=\"_ _c\"></span>A <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f9\"> </span>L<span class=\"_ _c\"></span>iab<span class=\"_ _c\"></span>ili<span class=\"_ _c\"></span>tie<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _238\"> </span>Fo<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s  <span class=\"_ _154\"> </span>PV <span class=\"_ _6\"></span>of  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11c\"> </span>remai<span class=\"_ _c\"></span>ning  <span class=\"_ _11d\"> </span>not <span class=\"_ _6\"></span>unde<span class=\"_ _c\"></span>r  <span class=\"_ _52\"> </span>f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>isk  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ea\"> </span>cover<span class=\"_ _c\"></span>age  <span class=\"_ _10f\"> </span>PA<span class=\"_ _c\"></span>A  <span class=\"_ _d3\"> </span>ca<span class=\"_ _c\"></span>sh <span class=\"_ _6\"></span>flow<span class=\"_ _c\"></span>s  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ota<span class=\"_ _c\"></span>l <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>33<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>37.1  <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _1fe\"> </span>1<span class=\"_ _c\"></span>7<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>Insurance revenue<span class=\"_ _36a\"> </span>Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>fair <span class=\"_ _c\"></span>value <span class=\"_ _c\"></span>approach <span class=\"_ _20\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Contracts m<span class=\"_ _c\"></span>easured under <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>full <span class=\"_ _c\"></span>retrospective <span class=\"_ _c\"></span>approach <span class=\"_ _1a6\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>(9.3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(9.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10e\"> </span>(<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10e\"> </span>(<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.6  <span class=\"_ _1c1\"> </span>8.2  <span class=\"_ _19b\"> </span>0.1  <span class=\"_ _166\"> </span>8.9<span class=\"_ _36a\"> </span>Adjustments <span class=\"_ _c\"></span>to <span class=\"_ _c\"></span>liabilities <span class=\"_ _6\"></span>for incurred <span class=\"_ _c\"></span>claims <span class=\"_ _bd\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(6.0 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(6<span class=\"_ _c\"></span>.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _116\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _ed\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _154\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2)  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>6  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _51\"> </span>(7.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>22.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _166\"> </span>0.8  <span class=\"_ _116\"> </span>23.6<span class=\"_ _36a\"> </span>Effect of movements in e<span class=\"_ _3\"></span>xchange r<span class=\"_ _3\"></span>ates <span class=\"_ _23c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _116\"> </span>(10.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(2<span class=\"_ _c\"></span>.5 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _10f\"> </span>(12.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>6  <span class=\"_ _61\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _6\"></span>5  <span class=\"_ _170\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(9.<span class=\"_ _3\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>9.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>17.<span class=\"_ _3\"></span>4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>17<span class=\"_ _3\"></span>.4<span class=\"_ _36a\"> </span>Claims and other directly attributable e<span class=\"_ _3\"></span>xpenses paid <span class=\"_ _21\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _116\"> </span>(10.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(8<span class=\"_ _c\"></span>.3 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013  <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>18.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>7.4  <span class=\"_ _57\"> </span>(1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _57\"> </span>(8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce c<span class=\"_ _c\"></span>ont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t l<span class=\"_ _c\"></span>iabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ie<span class=\"_ _c\"></span>s as at 3<span class=\"_ _c\"></span>1 De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _18a\"> </span>14<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _112\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _4\"></span> <span class=\"_ _16f\"> </span>1<span class=\"_ _6\"></span>.7 <span class=\"_ _5\"></span> <span class=\"_ _1fe\"> </span>174<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value approach w<span class=\"_ _4\"></span>as appl<span class=\"_ _c\"></span>ied to all insurance contracts not measured under P<span class=\"_ _4\"></span>AA in <span class=\"_ _4\"></span>Sweden at transition. Note <span class=\"_ _3\"></span>A5 provides further details relating to f<span class=\"_ _3\"></span>air value methodology applied f<span class=\"_ _3\"></span>or contracts in <span class=\"_ _4\"></span>Sweden.<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>13<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _a5\"> </span>1.<span class=\"_ _c\"></span>1  <span class=\"_ _166\"> </span>7.6  <span class=\"_ _10e\"> </span>142<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(0.1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _166\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _5c\"> </span>0.4<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>estimat<span class=\"_ _3\"></span>es <span class=\"_ _c\"></span>that <span class=\"_ _6\"></span>adjust <span class=\"_ _c\"></span>the <span class=\"_ _c\"></span>CSM <span class=\"_ _1e9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _ed\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>(0.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>) <span class=\"_ _57\"> </span>(0.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16f\"> </span>5.6  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.2  <span class=\"_ _8e\"> </span>5.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>15.7  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _1c1\"> </span>0.9  <span class=\"_ _1f\"> </span>16.7<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>21<span class=\"_ _c\"></span>.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _113\"> </span>2<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8a\"> </span>5.5  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8f\"> </span>5.5<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(8.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(8.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(2<span class=\"_ _6\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _116\"> </span>(2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _a5\"> </span>1.1  <span class=\"_ _170\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10e\"> </span>16<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>F3 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Sweden (continued)<span class=\"_ _36a\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>12<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _a5\"> </span>1<span class=\"_ _c\"></span>.1  <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.0  <span class=\"_ _110\"> </span>13<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(0.1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _1f\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>estimat<span class=\"_ _3\"></span>es <span class=\"_ _c\"></span>that <span class=\"_ _6\"></span>adjust <span class=\"_ _c\"></span>the <span class=\"_ _c\"></span>CSM <span class=\"_ _1e9\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>(3.4 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>0.2  <span class=\"_ _8a\"> </span>3.<span class=\"_ _c\"></span>3  <span class=\"_ _96\"> </span>0.1<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _16f\"> </span>0.1<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>(3<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _5c\"> </span>0<span class=\"_ _c\"></span>.1  <span class=\"_ _55\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>22.6  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>0.2  <span class=\"_ _61\"> </span>22<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>Effect of movements in e<span class=\"_ _3\"></span>xchange r<span class=\"_ _3\"></span>ates <span class=\"_ _23c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(9.5 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(0.4 <span class=\"_ _8\"></span>) <span class=\"_ _10e\"> </span>(10.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>0  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _170\"> </span>2<span class=\"_ _6\"></span>.6  <span class=\"_ _61\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _19b\"> </span>8.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _96\"> </span>8.1<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>(10.1 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>(10.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(2<span class=\"_ _6\"></span>.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>13<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _a5\"> </span>1.<span class=\"_ _c\"></span>1  <span class=\"_ _166\"> </span>7.6  <span class=\"_ _10e\"> </span>142<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span> <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims <span class=\"_ _23d\"> </span>Contracts under P<span class=\"_ _4\"></span>A<span class=\"_ _c\"></span>A <span class=\"_ _dd\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s fo<span class=\"_ _c\"></span>r inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d cl<span class=\"_ _c\"></span>aim<span class=\"_ _c\"></span>s <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _154\"> </span>PV <span class=\"_ _6\"></span>of  <span class=\"_ _167\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f0\"> </span>re<span class=\"_ _c\"></span>maining  <span class=\"_ _52\"> </span>future  <span class=\"_ _10f\"> </span>Risk  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span>c<span class=\"_ _c\"></span>over<span class=\"_ _c\"></span>age  <span class=\"_ _d3\"> </span>c<span class=\"_ _c\"></span>ash <span class=\"_ _6\"></span>flo<span class=\"_ _c\"></span>ws  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _104\"> </span>Total <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _75\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>0.7  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.6  <span class=\"_ _8a\"> </span>0<span class=\"_ _c\"></span>.1  <span class=\"_ _51\"> </span>12<span class=\"_ _6\"></span>.4<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>allocation <span class=\"_ _6\"></span>of <span class=\"_ _c\"></span>reinsurance <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _5c\"> </span>(1.9 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _166\"> </span>(1.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1c1\"> </span>2.<span class=\"_ _c\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _1c1\"> </span>2.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Changes in the expected r<span class=\"_ _3\"></span>ecover<span class=\"_ _3\"></span>ies for past claims <span class=\"_ _e1\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>(<span class=\"_ _c\"></span>1.4 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _c\"></span>9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.2<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>0.1  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.4<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _170\"> </span>0.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _6\"></span>net <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>ceding <span class=\"_ _6\"></span>commission <span class=\"_ _217\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _3d\"> </span>1.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contacts <span class=\"_ _6\"></span>held <span class=\"_ _58\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _65\"> </span>(2<span class=\"_ _c\"></span>.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _180\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _16f\"> </span>0<span class=\"_ _c\"></span>.1  <span class=\"_ _1f\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>3 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Sweden (continued)<span class=\"_ _36a\"> </span>c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims (continued) <span class=\"_ _23d\"> </span>Contracts under P<span class=\"_ _4\"></span>A<span class=\"_ _c\"></span>A <span class=\"_ _dd\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s fo<span class=\"_ _c\"></span>r inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d cl<span class=\"_ _c\"></span>aim<span class=\"_ _c\"></span>s <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11f\"> </span>A<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _154\"> </span>PV <span class=\"_ _6\"></span>of  <span class=\"_ _167\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f0\"> </span>re<span class=\"_ _c\"></span>maining  <span class=\"_ _52\"> </span>future  <span class=\"_ _10f\"> </span>Risk  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span>c<span class=\"_ _c\"></span>over<span class=\"_ _c\"></span>age  <span class=\"_ _d3\"> </span>c<span class=\"_ _c\"></span>ash <span class=\"_ _6\"></span>flo<span class=\"_ _c\"></span>ws  <span class=\"_ _29\"> </span>adjus<span class=\"_ _c\"></span>tm<span class=\"_ _c\"></span>ent  <span class=\"_ _104\"> </span>Total <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>) <span class=\"_ _110\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _3\"></span> <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _36a\"> </span>Reinsurance <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>allocation <span class=\"_ _6\"></span>of <span class=\"_ _c\"></span>reinsurance <span class=\"_ _fc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _166\"> </span>(1.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>(1.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _8f\"> </span>1.9  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _8f\"> </span>1.9<span class=\"_ _36a\"> </span>Changes in the expected r<span class=\"_ _3\"></span>ecover<span class=\"_ _3\"></span>ies for past claims <span class=\"_ _e1\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _ed\"> </span>(2.3 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(2.4 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t (expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>es)/<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e fro<span class=\"_ _c\"></span>m rei<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>uran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s he<span class=\"_ _c\"></span>ld <span class=\"_ _115\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _10f\"> </span>(0.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>0.1 <span class=\"_ _8\"></span>) <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>0.3<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _5c\"> </span>(1.0 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal a<span class=\"_ _c\"></span>mou<span class=\"_ _c\"></span>nt<span class=\"_ _c\"></span>s re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d in co<span class=\"_ _c\"></span>mpr<span class=\"_ _c\"></span>ehe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>ive in<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>me <span class=\"_ _167\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _0\"></span>) <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>0.1 <span class=\"_ _8\"></span>) <span class=\"_ _113\"> </span>(2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _6\"></span>net <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>ceding <span class=\"_ _6\"></span>commission <span class=\"_ _217\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>2.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16f\"> </span>2.6<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contacts <span class=\"_ _6\"></span>held <span class=\"_ _58\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _16b\"> </span>(2.2 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _65\"> </span>(2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _16b\"> </span>0.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>con<span class=\"_ _c\"></span>trac<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>as<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _6\"></span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>4 <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>0<span class=\"_ _c\"></span>.7  <span class=\"_ _115\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>6  <span class=\"_ _8a\"> </span>0.1  <span class=\"_ _51\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span> <span class=\"_ _12\"></span>Reinsurance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _4\"></span>AA<span class=\"_ _36a\"> </span>All <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>eden reinsurance is measured as P<span class=\"_ _4\"></span>AA, therefore no table is presented for analy<span class=\"_ _3\"></span>sis of reinsurance contracts by measurement component.<span class=\"_ _36a\"> </span>  (e) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts r<span class=\"_ _4\"></span>ecognised in the period<span class=\"_ _36a\"> </span>There are no material ne<span class=\"_ _3\"></span>w insurance contracts recognised in the period for <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>eden.<span class=\"_ _36a\"> </span> <span class=\"_ _f\"> </span>(f) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>acts recognised in the per<span class=\"_ _4\"></span>iod<span class=\"_ _36a\"> </span>There are no material ne<span class=\"_ _3\"></span>w reinsurance contracts recognised in the period for <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>eden.<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(g) <span class=\"_ _6\"></span>Expected r<span class=\"_ _3\"></span>ecognition of CSM<span class=\"_ _36a\"> </span>In the tables that follo<span class=\"_ _3\"></span>w the CSM accrues interest at the locked-in rate f<span class=\"_ _4\"></span>or GMM portfolios and at current rates for <span class=\"_ _5\"></span>VF<span class=\"_ _5\"></span>A portfolios from the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date and is then amortised based on the cov<span class=\"_ _3\"></span>erage units of the contract groups to giv<span class=\"_ _3\"></span>e the timeline of the <span class=\"_ _3\"></span>expected recognition.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _b1\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>In<span class=\"_ _c\"></span>surance  <span class=\"_ _eb\"> </span>Reinsurance<span class=\"_ _36a\"> </span> <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f0\"> </span>contrac<span class=\"_ _c\"></span>ts  <span class=\"_ _3f\"> </span>contract<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span> <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _57\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>0.4  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _61\"> </span>0.4 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _116\"> </span>0.<span class=\"_ _c\"></span>3 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>0.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>0.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>1.5  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span>Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>4.9  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1f\"> </span>8<span class=\"_ _c\"></span>.1  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>2024 <span class=\"_ _9f\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d4\"> </span>I<span class=\"_ _c\"></span>nsurance  <span class=\"_ _eb\"> </span>Reinsurance <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f0\"> </span>contrac<span class=\"_ _c\"></span>ts  <span class=\"_ _3f\"> </span>contract<span class=\"_ _c\"></span>s <span class=\"_ _10\"> </span> <span class=\"_ _1b1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _57\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _115\"> </span>0.3  <span class=\"_ _164\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _65\"> </span>0.3 <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _65\"> </span>0.3 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>0.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _65\"> </span>0.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span>Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>1.4 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span>Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>4.6  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _65\"> </span>7<span class=\"_ _4\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span> <span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands  (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims <span class=\"_ _232\"> </span>Liabilities for  <span class=\"_ _233\"> </span>remaining coverage <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Excluding  <span class=\"_ _167\"> </span>  <span class=\"_ _123\"> </span>Liabilitie<span class=\"_ _c\"></span>s  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>l<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _111\"> </span>Lo<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>for <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _130\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _65\"> </span>87.1  <span class=\"_ _111\"> </span>44<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _17b\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s in th<span class=\"_ _c\"></span>e Inc<span class=\"_ _c\"></span>ome S<span class=\"_ _c\"></span>tat<span class=\"_ _c\"></span>eme<span class=\"_ _c\"></span>nt<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _18a\"> </span>(1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3e\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>37.<span class=\"_ _c\"></span>5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _111\"> </span>(78.4 <span class=\"_ _9\"></span>) <span class=\"_ _57\"> </span>157<span class=\"_ _4\"></span>.1  <span class=\"_ _61\"> </span>78.7<span class=\"_ _36a\"> </span>Losses <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reversals <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>onerous <span class=\"_ _c\"></span>contracts <span class=\"_ _e1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>40.1  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>40.1<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>of insurance <span class=\"_ _6\"></span>acquisition cash <span class=\"_ _6\"></span>flows <span class=\"_ _230\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16f\"> </span>3.<span class=\"_ _c\"></span>3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _10e\"> </span>15<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1  <span class=\"_ _110\"> </span>12<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c2\"> </span>(1<span class=\"_ _c\"></span>34<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _154\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _1fe\"> </span>1<span class=\"_ _c\"></span>57.1  <span class=\"_ _1fe\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>79.<span class=\"_ _c\"></span>3  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>79.9<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _112\"> </span>134<span class=\"_ _c\"></span>.8  <span class=\"_ _1c1\"> </span>4.<span class=\"_ _c\"></span>2  <span class=\"_ _16f\"> </span>2.6  <span class=\"_ _f8\"> </span>14<span class=\"_ _c\"></span>1.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>7<span class=\"_ _c\"></span>9.<span class=\"_ _c\"></span>9  <span class=\"_ _126\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _19e\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>9.7  <span class=\"_ _162\"> </span>20<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _3e\"> </span>(46<span class=\"_ _3\"></span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _110\"> </span>177<span class=\"_ _4\"></span>.4  <span class=\"_ _1c2\"> </span>(290.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _126\"> </span>245.2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _104\"> </span>245.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _3e\"> </span>(330.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _66\"> </span>(330.3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _1a2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(5.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _3e\"> </span>2<span class=\"_ _6\"></span>39.<span class=\"_ _c\"></span>4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _120\"> </span>(3<span class=\"_ _c\"></span>30<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _23e\"> </span>(9<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _124\"> </span>2<span class=\"_ _6\"></span>,<span class=\"_ _c\"></span>33<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _57\"> </span>53<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _116\"> </span>51<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _54\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span><span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands (continued) (a) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contract balances \u2013 analysis b<span class=\"_ _3\"></span>y r<span class=\"_ _3\"></span>emaining cov<span class=\"_ _3\"></span>erag<span class=\"_ _3\"></span>e and incur<span class=\"_ _4\"></span>red claims (continued) <span class=\"_ _232\"> </span>Liabilities for  <span class=\"_ _233\"> </span>remaining coverage <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Excluding  <span class=\"_ _167\"> </span>  <span class=\"_ _123\"> </span>Liabilitie<span class=\"_ _c\"></span>s  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10d\"> </span>l<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>s  <span class=\"_ _111\"> </span>Lo<span class=\"_ _c\"></span>ss  <span class=\"_ _ec\"> </span>for <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>d  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _c4\"> </span>2<span class=\"_ _6\"></span>,<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _57\"> </span>77.0  <span class=\"_ _57\"> </span>47<span class=\"_ _3\"></span>.7  <span class=\"_ _85\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>64<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Chan<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>he <span class=\"_ _6\"></span>Inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>St<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t <span class=\"_ _193\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _109\"> </span>(1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _109\"> </span>(1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>reve<span class=\"_ _c\"></span>nue <span class=\"_ _6\"></span>tot<span class=\"_ _c\"></span>al <span class=\"_ _ae\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _109\"> </span>(<span class=\"_ _c\"></span>18<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _120\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Insura<span class=\"_ _3\"></span>nce service<span class=\"_ _3\"></span> expe<span class=\"_ _3\"></span>nses<span class=\"_ _36a\"> </span>Incurred <span class=\"_ _c\"></span>claims <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>oth<span class=\"_ _c\"></span>er <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _5b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _f8\"> </span>(22.2 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>159.5  <span class=\"_ _f8\"> </span>137<span class=\"_ _3\"></span>.3<span class=\"_ _36a\"> </span>Losses <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>reversals <span class=\"_ _c\"></span>of <span class=\"_ _c\"></span>losses <span class=\"_ _6\"></span>on <span class=\"_ _c\"></span>onerous <span class=\"_ _c\"></span>contracts <span class=\"_ _e1\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _65\"> </span>35.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _116\"> </span>35.6<span class=\"_ _36a\"> </span>Amortisation <span class=\"_ _6\"></span>of insurance <span class=\"_ _6\"></span>acquisition cash <span class=\"_ _6\"></span>flows <span class=\"_ _230\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8a\"> </span>3.7  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8a\"> </span>3.7<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>expe<span class=\"_ _c\"></span>ns<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>total <span class=\"_ _223\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>3<span class=\"_ _c\"></span>.7  <span class=\"_ _51\"> </span>13<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _104\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _162\"> </span>176<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _3e\"> </span>(1<span class=\"_ _c\"></span>76<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _113\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _104\"> </span>15<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10e\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>2.0  <span class=\"_ _1c1\"> </span>0.6  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _10f\"> </span>212.6<span class=\"_ _36a\"> </span>Effect of movements in e<span class=\"_ _3\"></span>xchange r<span class=\"_ _3\"></span>ates <span class=\"_ _23c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8.7 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>(3.9 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>(2.2 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(124.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>(83<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>10<span class=\"_ _c\"></span>.1  <span class=\"_ _112\"> </span>15<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _111\"> </span>8<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>Investment <span class=\"_ _c\"></span>components <span class=\"_ _af\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(187<span class=\"_ _4\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _110\"> </span>187<span class=\"_ _3\"></span>.6  <span class=\"_ _91\"> </span>\u2013<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _112\"> </span>239.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _112\"> </span>239.2<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _19e\"> </span>(348.1 <span class=\"_ _2f\"></span>) <span class=\"_ _3e\"> </span>(348.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _1a2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>(6<span class=\"_ _c\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(6.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18a\"> </span>23<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _66\"> </span>(3<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _3e\"> </span>(1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _130\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _65\"> </span>87.1  <span class=\"_ _111\"> </span>44<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _17b\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or the Netherlands, the full retrospective approach at transition has been applied to all insurance contracts.<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _c4\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>27.9  <span class=\"_ _113\"> </span>22<span class=\"_ _6\"></span>.0  <span class=\"_ _162\"> </span>166<span class=\"_ _6\"></span>.6  <span class=\"_ _17b\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>16<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(17.<span class=\"_ _3\"></span>1 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(17<span class=\"_ _3\"></span>.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _115\"> </span>(2<span class=\"_ _c\"></span>.9 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>(2.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _10f\"> </span>(35<span class=\"_ _c\"></span>.5 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10f\"> </span>(35<span class=\"_ _c\"></span>.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>) <span class=\"_ _113\"> </span>(2<span class=\"_ _6\"></span>.9 <span class=\"_ _8\"></span>) <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7.1 <span class=\"_ _0\"></span>) <span class=\"_ _154\"> </span>(5<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>(7.6 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>2.4  <span class=\"_ _1f\"> </span>10.5  <span class=\"_ _16f\"> </span>5.3<span class=\"_ _36a\"> </span>Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>17.6 <span class=\"_ _4\"></span> <span class=\"_ _55\"> </span>(1.4 <span class=\"_ _8\"></span>) <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>16.2 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013<span class=\"_ _36a\"> </span>Changes in estimates that result in losses or r<span class=\"_ _3\"></span>eversals of losses on oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _16a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>35.0 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.2 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _57\"> </span>34.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _110\"> </span>4<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0  <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _115\"> </span>(5<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _f8\"> </span>4<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>1<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _16b\"> </span>(2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _19e\"> </span>(2<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>77.<span class=\"_ _3\"></span>1  <span class=\"_ _1f\"> </span>(0.6 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>3.4  <span class=\"_ _61\"> </span>79.9<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.4  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>2  <span class=\"_ _1c1\"> </span>9.0  <span class=\"_ _10f\"> </span>14<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _50\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.0  <span class=\"_ _ed\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>) <span class=\"_ _162\"> </span>(1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _23e\"> </span>2<span class=\"_ _c\"></span>06<span class=\"_ _6\"></span>.1<span class=\"_ _36a\"> </span>Di<span class=\"_ _c\"></span>sp<span class=\"_ _c\"></span>os<span class=\"_ _c\"></span>als <span class=\"_ _23f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _52\"> </span>(29<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _52\"> </span>(2<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _104\"> </span>245.<span class=\"_ _c\"></span>2  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _104\"> </span>245.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18a\"> </span>(330.3 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _3e\"> </span>(330.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _1a2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>(5.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1f\"> </span>(5.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>(90<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _162\"> </span>(9<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _85\"> </span>2<span class=\"_ _6\"></span>,<span class=\"_ _c\"></span>26<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _f8\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _104\"> </span>15<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _10c\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>41<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span> <span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands (continued) <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Insurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA<span class=\"_ _36a\"> </span>(Re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d) <span class=\"_ _240\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _e5\"> </span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _6\"></span>Janua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _125\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>52<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _116\"> </span>38<span class=\"_ _c\"></span>.1  <span class=\"_ _126\"> </span>1<span class=\"_ _c\"></span>57.8  <span class=\"_ _85\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>provided <span class=\"_ _207\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _113\"> </span>(18<span class=\"_ _c\"></span>.0 <span class=\"_ _9\"></span>) <span class=\"_ _110\"> </span>(18.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _115\"> </span>(3.0 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(3.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _57\"> </span>(<span class=\"_ _c\"></span>18.3 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _57\"> </span>(18.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0 <span class=\"_ _8\"></span>) <span class=\"_ _50\"> </span>(<span class=\"_ _c\"></span>18<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>) <span class=\"_ _23e\"> </span>(<span class=\"_ _c\"></span>39<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>(7<span class=\"_ _3\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _8f\"> </span>1.6  <span class=\"_ _5c\"> </span>8<span class=\"_ _c\"></span>.8  <span class=\"_ _16f\"> </span>2<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(8.0 <span class=\"_ _8\"></span>) <span class=\"_ _10e\"> </span>(14.0 <span class=\"_ _9\"></span>) <span class=\"_ _f8\"> </span>22.0 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013<span class=\"_ _36a\"> </span>Changes in estimates that result in losses or r<span class=\"_ _3\"></span>eversals of losses on oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _16a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _10d\"> </span>33.<span class=\"_ _c\"></span>8 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>32<span class=\"_ _c\"></span>.8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _1f\"> </span>18<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _10e\"> </span>(1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8  <span class=\"_ _57\"> </span>35<span class=\"_ _6\"></span>.5<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>res<span class=\"_ _c\"></span>ult <span class=\"_ _1cc\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _116\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _2f\"></span>) <span class=\"_ _162\"> </span>(1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _113\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>insurance <span class=\"_ _c\"></span>contracts <span class=\"_ _17a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _112\"> </span>207<span class=\"_ _4\"></span>.2  <span class=\"_ _3d\"> </span>1.7  <span class=\"_ _16f\"> </span>3.7  <span class=\"_ _110\"> </span>212<span class=\"_ _c\"></span>.6<span class=\"_ _36a\"> </span>Effect of movements in e<span class=\"_ _3\"></span>xchange r<span class=\"_ _3\"></span>ates <span class=\"_ _23c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>115.7 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(<span class=\"_ _c\"></span>1.4 <span class=\"_ _8\"></span>) <span class=\"_ _65\"> </span>(7.<span class=\"_ _3\"></span>7 <span class=\"_ _8\"></span>) <span class=\"_ _161\"> </span>(124.8 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>91<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3  <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>) <span class=\"_ _115\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _111\"> </span>8<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>received <span class=\"_ _1fb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _112\"> </span>239.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _112\"> </span>239.2<span class=\"_ _36a\"> </span>Claims <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>directly <span class=\"_ _c\"></span>attributable <span class=\"_ _c\"></span>expenses <span class=\"_ _c\"></span>paid <span class=\"_ _165\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _19e\"> </span>(348.1 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _19e\"> </span>(34<span class=\"_ _c\"></span>8.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _1a2\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>(6<span class=\"_ _c\"></span>.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(6.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _154\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>5.7 <span class=\"_ _9\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _154\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>5.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ins<span class=\"_ _c\"></span>ura<span class=\"_ _c\"></span>nce <span class=\"_ _6\"></span>co<span class=\"_ _c\"></span>ntra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>liabi<span class=\"_ _c\"></span>lit<span class=\"_ _c\"></span>ies <span class=\"_ _6\"></span>as <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _c4\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>27.9  <span class=\"_ _113\"> </span>22<span class=\"_ _6\"></span>.0  <span class=\"_ _162\"> </span>166<span class=\"_ _6\"></span>.6  <span class=\"_ _10c\"> </span>2<span class=\"_ _6\"></span>,6<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span> <span class=\"_ _13\"> </span>(c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims <span class=\"_ _62\"> </span> <span class=\"_ _241\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s f<span class=\"_ _c\"></span>or  <span class=\"_ _62\"> </span> <span class=\"_ _242\"> </span>remaining coverage <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Exc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>ing  <span class=\"_ _19e\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>-  <span class=\"_ _18b\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _156\"> </span>lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>-re<span class=\"_ _c\"></span>cove<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y  <span class=\"_ _e9\"> </span>r<span class=\"_ _c\"></span>ecove<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y  <span class=\"_ _119\"> </span>i<span class=\"_ _c\"></span>ncurr<span class=\"_ _c\"></span>ed  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _4\"></span> <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Reinsurance expenses \u2013 allocation of r<span class=\"_ _3\"></span>einsurance premiums paid <span class=\"_ _129\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(28.9 <span class=\"_ _9\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _10e\"> </span>(28<span class=\"_ _c\"></span>.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _57\"> </span>28.0 <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>28.0<span class=\"_ _36a\"> </span>Income <span class=\"_ _c\"></span>on <span class=\"_ _c\"></span>initial <span class=\"_ _6\"></span>recognition of <span class=\"_ _6\"></span>onerous <span class=\"_ _c\"></span>underlying <span class=\"_ _c\"></span>contracts <span class=\"_ _104\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _3d\"> </span>1.2  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>loss-recov<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>component <span class=\"_ _fa\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.7 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _1f\"> </span>(0.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Changes in the FCF of reinsurance c<span class=\"_ _3\"></span>ontracts held f<span class=\"_ _6\"></span>rom oner<span class=\"_ _3\"></span>ous underlying contracts <span class=\"_ _123\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _65\"> </span>(0.6 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>(0.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>) <span class=\"_ _65\"> </span>(0<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _1fe\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0  <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _9e\"> </span>1<span class=\"_ _c\"></span>.4  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _9e\"> </span>1<span class=\"_ _c\"></span>.4<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _170\"> </span>(<span class=\"_ _c\"></span>1.0 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>0.3  <span class=\"_ _8e\"> </span>0.2  <span class=\"_ _1f\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _104\"> </span>(2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _6\"></span>2  <span class=\"_ _f8\"> </span>28<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2  <span class=\"_ _ed\"> </span>(0.<span class=\"_ _c\"></span>1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _51\"> </span>28.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>28.8<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _10f\"> </span>(23.9 <span class=\"_ _2f\"></span>) <span class=\"_ _10e\"> </span>(23.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>28<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _2f\"></span>) <span class=\"_ _115\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>5.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>6.<span class=\"_ _c\"></span>0 <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>(7.1 <span class=\"_ _0\"></span>)<span class=\"_ _36a\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands (continued)<span class=\"_ _36a\"> </span>c) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>act balances \u2013 analysis by r<span class=\"_ _4\"></span>emaining cover<span class=\"_ _3\"></span>age and incur<span class=\"_ _4\"></span>red claims (continued)<span class=\"_ _36a\"> </span>(Re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d) <span class=\"_ _243\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s f<span class=\"_ _c\"></span>or  <span class=\"_ _62\"> </span> <span class=\"_ _242\"> </span>remaining coverage <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _18b\"> </span>Exc<span class=\"_ _c\"></span>lud<span class=\"_ _c\"></span>ing  <span class=\"_ _19e\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>-  <span class=\"_ _18b\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>for  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _156\"> </span>lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>-re<span class=\"_ _c\"></span>cove<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y  <span class=\"_ _e9\"> </span>r<span class=\"_ _c\"></span>ecove<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y  <span class=\"_ _119\"> </span>i<span class=\"_ _c\"></span>ncurr<span class=\"_ _c\"></span>ed  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _44\"> </span>component  <span class=\"_ _29\"> </span>component<span class=\"_ _4\"></span>  <span class=\"_ _100\"> </span>claims  <span class=\"_ _104\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>26<span class=\"_ _6\"></span>.2 <span class=\"_ _8\"></span>) <span class=\"_ _115\"> </span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _5\"></span> <span class=\"_ _55\"> </span>9.<span class=\"_ _6\"></span>5 <span class=\"_ _5\"></span> <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Reinsurance expenses \u2013 allocation of r<span class=\"_ _3\"></span>einsurance premiums paid <span class=\"_ _129\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(27<span class=\"_ _3\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _91\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(27.<span class=\"_ _3\"></span>1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Amount<span class=\"_ _c\"></span>s recoverable from reinsurers<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries of incurred claims and other dir<span class=\"_ _3\"></span>ectly attributable expenses <span class=\"_ _14c\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _115\"> </span>21.4 <span class=\"_ _4\"></span> <span class=\"_ _115\"> </span>21.4<span class=\"_ _36a\"> </span>Changes <span class=\"_ _c\"></span>in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>loss-recov<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>y <span class=\"_ _c\"></span>component <span class=\"_ _fa\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s)/<span class=\"_ _c\"></span>inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>fro<span class=\"_ _c\"></span>m <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>contr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>held <span class=\"_ _ed\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1 <span class=\"_ _9\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _113\"> </span>21<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _116\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>expenses <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _90\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16a\"> </span>1.1  <span class=\"_ _1f\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>(0.3 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>0.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _162\"> </span>(<span class=\"_ _c\"></span>26<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>(1<span class=\"_ _c\"></span>.1 <span class=\"_ _2f\"></span>) <span class=\"_ _65\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.1  <span class=\"_ _61\"> </span>(6<span class=\"_ _6\"></span>.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>34.3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>34.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _111\"> </span>(28<span class=\"_ _c\"></span>.9 <span class=\"_ _2f\"></span>) <span class=\"_ _112\"> </span>(28.9 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>34<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _104\"> </span>(2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1fe\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1 <span class=\"_ _4\"></span> <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(1<span class=\"_ _6\"></span>1.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or <span class=\"_ _4\"></span>Scildon, t<span class=\"_ _c\"></span>he full retrospective approach at transition has been applied to all reinsurance contracts.<span class=\"_ _36a\"> </span> <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Reinsurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span> <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _26\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>(47<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _110\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _10f\"> </span>(1<span class=\"_ _6\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>received <span class=\"_ _18d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _ed\"> </span>(3.0 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>(3.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8e\"> </span>3.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _8e\"> </span>3.4<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16b\"> </span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _65\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>(0.<span class=\"_ _c\"></span>6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>(2.6 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>0.5  <span class=\"_ _8e\"> </span>2.0  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(3.1 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>(0.2 <span class=\"_ _8\"></span>) <span class=\"_ _170\"> </span>3.3  <span class=\"_ _99\"> </span>\u2013<span class=\"_ _36a\"> </span>CSM adjustment for income on initial rec<span class=\"_ _3\"></span>ognition of onerous underlying contracts <span class=\"_ _10b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _99\"> </span>\u2013  <span class=\"_ _55\"> </span>0.4 <span class=\"_ _4\"></span> <span class=\"_ _5c\"> </span>0.4<span class=\"_ _36a\"> </span>Changes in recov<span class=\"_ _4\"></span>eries of losses on onerous underlying contracts that adjust the CSM <span class=\"_ _e7\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(0.7 <span class=\"_ _8\"></span>) <span class=\"_ _61\"> </span>(0.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>ch<span class=\"_ _c\"></span>ang<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>tha<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>relate <span class=\"_ _6\"></span>to <span class=\"_ _6\"></span>fu<span class=\"_ _c\"></span>ture <span class=\"_ _6\"></span>se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vic<span class=\"_ _c\"></span>e <span class=\"_ _13e\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _65\"> </span>(5<span class=\"_ _6\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>0.<span class=\"_ _6\"></span>3  <span class=\"_ _170\"> </span>5<span class=\"_ _c\"></span>.0  <span class=\"_ _51\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se)/<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _19b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _116\"> </span>(2<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _10d\"> </span>(0<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>2<span class=\"_ _6\"></span>.0  <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>income <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>eld <span class=\"_ _6d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16d\"> </span>1.1  <span class=\"_ _5c\"> </span>(0.1 <span class=\"_ _9\"></span>) <span class=\"_ _55\"> </span>0.4  <span class=\"_ _9e\"> </span>1.4<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>(2.6 <span class=\"_ _2f\"></span>) <span class=\"_ _16b\"> </span>0.4  <span class=\"_ _3d\"> </span>1.7  <span class=\"_ _1f\"> </span>(0.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _f8\"> </span>(0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _170\"> </span>4<span class=\"_ _c\"></span>.1  <span class=\"_ _16b\"> </span>(0.1 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _51\"> </span>28.8  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _51\"> </span>28.8<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _10f\"> </span>(23.9 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _f8\"> </span>(23.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16b\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _16b\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5 <span class=\"_ _17f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _19e\"> </span>(46<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _115\"> </span>7.4 <span class=\"_ _4\"></span> <span class=\"_ _f8\"> </span>3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span> <span class=\"_ _16b\"> </span>(<span class=\"_ _c\"></span>7<span class=\"_ _3\"></span>.1 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span> <span class=\"_ _14\"> </span>F4 <span class=\"_ _6\"></span>Insurance and reinsur<span class=\"_ _4\"></span>ance contracts \u2013 quantitative analysis of r<span class=\"_ _4\"></span>ecognised amounts \u2013 Netherlands (continued) <span class=\"_ _7\"> </span>(d) <span class=\"_ _6\"></span>Reinsurance contract balances \u2013 analysis b<span class=\"_ _4\"></span>y measurement component \u2013 contracts not measur<span class=\"_ _4\"></span>ed under P<span class=\"_ _5\"></span>AA (continued)<span class=\"_ _36a\"> </span>(Re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tate<span class=\"_ _c\"></span>d) <span class=\"_ _240\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _15\"> </span>Pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt <span class=\"_ _6\"></span>val<span class=\"_ _c\"></span>ue  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f7\"> </span> <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>futu<span class=\"_ _c\"></span>re  <span class=\"_ _10f\"> </span>R<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>k  <span class=\"_ _16c\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _d3\"> </span>cas<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows  <span class=\"_ _29\"> </span>adju<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t  <span class=\"_ _111\"> </span>C<span class=\"_ _c\"></span>SM  <span class=\"_ _104\"> </span>T<span class=\"_ _3\"></span>ot<span class=\"_ _c\"></span>al <span class=\"_ _1bd\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _a8\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 1 Janu<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _69\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _162\"> </span>(<span class=\"_ _3\"></span>48<span class=\"_ _6\"></span>.<span class=\"_ _3\"></span>7 <span class=\"_ _8\"></span>) <span class=\"_ _f8\"> </span>12<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _110\"> </span>26<span class=\"_ _6\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _112\"> </span>(<span class=\"_ _c\"></span>10<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to cur<span class=\"_ _3\"></span>rent ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>CSM <span class=\"_ _c\"></span>recognised <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>ser<span class=\"_ _c\"></span>vices <span class=\"_ _c\"></span>received <span class=\"_ _18d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _8e\"> </span>(3.1 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>(3.1 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Change in risk adjustment for non-financial risk for risk e<span class=\"_ _3\"></span>xpired <span class=\"_ _100\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1a7\"> </span>\u2013  <span class=\"_ _55\"> </span>(1.0 <span class=\"_ _8\"></span>) <span class=\"_ _b4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _170\"> </span>(1.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Experience adjustments <span class=\"_ _15d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>(1.5 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _1c1\"> </span>(1.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to c<span class=\"_ _c\"></span>urre<span class=\"_ _c\"></span>nt se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _1a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _1f\"> </span>(1<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _51\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>0 <span class=\"_ _0\"></span>) <span class=\"_ _65\"> </span>(3<span class=\"_ _c\"></span>.1 <span class=\"_ _8\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Changes that relate to future<span class=\"_ _3\"></span> ser<span class=\"_ _c\"></span>vice<span class=\"_ _36a\"> </span>Contracts initially <span class=\"_ _6\"></span>recognised in <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>period <span class=\"_ _141\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _ed\"> </span>(2.4 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>0.6  <span class=\"_ _19b\"> </span>1.9  <span class=\"_ _96\"> </span>0.1<span class=\"_ _36a\"> </span>Changes in estimates that adjust the CSM <span class=\"_ _237\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _8f\"> </span>(1.1 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>(4.1 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>3.7 <span class=\"_ _4\"></span> <span class=\"_ _166\"> </span>(1.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Changes in recov<span class=\"_ _4\"></span>eries of losses on onerous underlying contracts that adjust the CSM <span class=\"_ _e7\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _3\"></span> <span class=\"_ _1a7\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>0.5 <span class=\"_ _4\"></span> <span class=\"_ _1c1\"> </span>0.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal c<span class=\"_ _c\"></span>han<span class=\"_ _c\"></span>ge<span class=\"_ _c\"></span>s tha<span class=\"_ _c\"></span>t rel<span class=\"_ _c\"></span>ate to f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re se<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>ce <span class=\"_ _7e\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _113\"> </span>(<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 <span class=\"_ _0\"></span>) <span class=\"_ _170\"> </span>6<span class=\"_ _c\"></span>.1 <span class=\"_ _4\"></span> <span class=\"_ _51\"> </span>(0.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Ne<span class=\"_ _c\"></span>t <span class=\"_ _6\"></span>(expen<span class=\"_ _c\"></span>se)/<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>com<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>from <span class=\"_ _6\"></span>rein<span class=\"_ _c\"></span>su<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce <span class=\"_ _6\"></span>cont<span class=\"_ _c\"></span>rac<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _6\"></span>hel<span class=\"_ _c\"></span>d <span class=\"_ _19b\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0 <span class=\"_ _2f\"></span>) <span class=\"_ _57\"> </span>(4.<span class=\"_ _6\"></span>5 <span class=\"_ _9\"></span>) <span class=\"_ _1f\"> </span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _116\"> </span>(6<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Net <span class=\"_ _c\"></span>finance <span class=\"_ _c\"></span>income <span class=\"_ _6\"></span>f<span class=\"_ _c\"></span>rom <span class=\"_ _c\"></span>reinsurance <span class=\"_ _c\"></span>contracts <span class=\"_ _c\"></span>h<span class=\"_ _c\"></span>eld <span class=\"_ _6d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>(1.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>0.6  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _115\"> </span>(0.8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Effect <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>mo<span class=\"_ _3\"></span>vements <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>exchange <span class=\"_ _c\"></span>rates <span class=\"_ _36\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16f\"> </span>2.2  <span class=\"_ _ed\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>(1.2 <span class=\"_ _2f\"></span>) <span class=\"_ _170\"> </span>0.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>am<span class=\"_ _c\"></span>oun<span class=\"_ _c\"></span>ts <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>ni<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>d <span class=\"_ _6\"></span>in <span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>omp<span class=\"_ _c\"></span>re<span class=\"_ _c\"></span>hen<span class=\"_ _c\"></span>si<span class=\"_ _c\"></span>ve <span class=\"_ _6\"></span>inco<span class=\"_ _c\"></span>me <span class=\"_ _5b\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>(4<span class=\"_ _c\"></span>.6 <span class=\"_ _2f\"></span>) <span class=\"_ _f8\"> </span>(4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _9\"></span>) <span class=\"_ _16b\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _61\"> </span>(6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Cash flows<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>emiums <span class=\"_ _c\"></span>paid <span class=\"_ _21d\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _61\"> </span>34.3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _61\"> </span>34.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Recov<span class=\"_ _3\"></span>eries <span class=\"_ _c\"></span>f<span class=\"_ _6\"></span>rom <span class=\"_ _c\"></span>reinsurance contracts <span class=\"_ _6\"></span>held <span class=\"_ _15f\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _111\"> </span>(28<span class=\"_ _c\"></span>.9 <span class=\"_ _2f\"></span>) <span class=\"_ _aa\"> </span>\u2013  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _110\"> </span>(28.9 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>c<span class=\"_ _c\"></span>as<span class=\"_ _c\"></span>h <span class=\"_ _6\"></span>flows <span class=\"_ _235\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _55\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Rei<span class=\"_ _c\"></span>nsu<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>ce co<span class=\"_ _c\"></span>ntr<span class=\"_ _c\"></span>ac<span class=\"_ _c\"></span>t as<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>et<span class=\"_ _c\"></span>s as a<span class=\"_ _c\"></span>t 31 D<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _167\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _104\"> </span>(47<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>) <span class=\"_ _1f\"> </span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _3\"></span> <span class=\"_ _110\"> </span>2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _3\"></span> <span class=\"_ _10f\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>  (e) <span class=\"_ _6\"></span>Insur<span class=\"_ _3\"></span>ance contracts r<span class=\"_ _4\"></span>ecognised in the period<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>Ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _c\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _238\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _128\"> </span>Non-<span class=\"_ _c\"></span>onerous  <span class=\"_ _5d\"> </span>Onerous  <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f\"> </span>contrac<span class=\"_ _c\"></span>ts  <span class=\"_ _f\"> </span>contract<span class=\"_ _c\"></span>s  <span class=\"_ _41\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh i<span class=\"_ _c\"></span>nfl<span class=\"_ _c\"></span>ows <span class=\"_ _156\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _42\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>) <span class=\"_ _29\"> </span>(70<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8 <span class=\"_ _8\"></span>) <span class=\"_ _1f5\"> </span>(2<span class=\"_ _c\"></span>02<span class=\"_ _6\"></span>.0<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Claims and other insurance service expenses pay<span class=\"_ _4\"></span>able <span class=\"_ _d3\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _132\"> </span>1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>7<span class=\"_ _4\"></span>.7 <span class=\"_ _3\"></span> <span class=\"_ _11d\"> </span>73.<span class=\"_ _3\"></span>6 <span class=\"_ _4\"></span> <span class=\"_ _132\"> </span>191.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _5e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.7  <span class=\"_ _129\"> </span>1.5  <span class=\"_ _119\"> </span>3.2<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal e<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of th<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of fu<span class=\"_ _c\"></span>tur<span class=\"_ _c\"></span>e ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s <span class=\"_ _1b\"> </span>11<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _11d\"> </span>75.<span class=\"_ _c\"></span>1 <span class=\"_ _4\"></span> <span class=\"_ _f9\"> </span>1<span class=\"_ _c\"></span>94<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _128\"> </span>1.1  <span class=\"_ _e5\"> </span>2.4<span class=\"_ _36a\"> </span>CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>10.5  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _134\"> </span>10.5<span class=\"_ _36a\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>nis<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>on <span class=\"_ _6\"></span>ini<span class=\"_ _c\"></span>tia<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>reco<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n <span class=\"_ _13a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e7\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _e7\"> </span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>Ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _c\"></span>202<span class=\"_ _c\"></span>4 <span class=\"_ _5e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _128\"> </span>Non-<span class=\"_ _c\"></span>onerous  <span class=\"_ _5d\"> </span>O<span class=\"_ _c\"></span>nerous (restated) <span class=\"_ _244\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f\"> </span>contracts  <span class=\"_ _f\"> </span>contrac<span class=\"_ _c\"></span>ts  <span class=\"_ _41\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh i<span class=\"_ _c\"></span>nfl<span class=\"_ _c\"></span>ows <span class=\"_ _156\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _137\"> </span>(<span class=\"_ _c\"></span>92<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _8\"></span>) <span class=\"_ _137\"> </span>(4<span class=\"_ _c\"></span>0.1 <span class=\"_ _8\"></span>) <span class=\"_ _157\"> </span>(1<span class=\"_ _c\"></span>32<span class=\"_ _6\"></span>.6<span class=\"_ _36a\"> </span>Es<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of t<span class=\"_ _c\"></span>he pr<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>ent v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of f<span class=\"_ _c\"></span>utu<span class=\"_ _c\"></span>re ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s<span class=\"_ _36a\"> </span>Claims and other insurance service expenses pay<span class=\"_ _4\"></span>able <span class=\"_ _d3\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _129\"> </span>1.2 <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span>1.0 <span class=\"_ _4\"></span> <span class=\"_ _e5\"> </span>2.2<span class=\"_ _36a\"> </span>Insurance <span class=\"_ _c\"></span>acquisition <span class=\"_ _c\"></span>cash <span class=\"_ _6\"></span>flo<span class=\"_ _3\"></span>ws <span class=\"_ _5e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1fa\"> </span>81.6  <span class=\"_ _134\"> </span>41.2  <span class=\"_ _d3\"> </span>122.8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal e<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>tim<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>s of th<span class=\"_ _c\"></span>e pre<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>nt v<span class=\"_ _c\"></span>alu<span class=\"_ _c\"></span>e of fu<span class=\"_ _c\"></span>tur<span class=\"_ _c\"></span>e ca<span class=\"_ _c\"></span>sh o<span class=\"_ _c\"></span>ut<span class=\"_ _c\"></span>flow<span class=\"_ _c\"></span>s <span class=\"_ _238\"> </span>8<span class=\"_ _c\"></span>2<span class=\"_ _6\"></span>.8 <span class=\"_ _4\"></span> <span class=\"_ _f0\"> </span>42<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _5\"></span> <span class=\"_ _137\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.0<span class=\"_ _36a\"> </span>Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _86\"> </span>1.0  <span class=\"_ _e9\"> </span>0.6  <span class=\"_ _129\"> </span>1.6<span class=\"_ _36a\"> </span>CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>8<span class=\"_ _c\"></span>.7  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _e9\"> </span>8<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Lo<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>es <span class=\"_ _6\"></span>re<span class=\"_ _c\"></span>cog<span class=\"_ _c\"></span>nis<span class=\"_ _c\"></span>ed <span class=\"_ _6\"></span>on <span class=\"_ _6\"></span>ini<span class=\"_ _c\"></span>tia<span class=\"_ _c\"></span>l <span class=\"_ _6\"></span>reco<span class=\"_ _c\"></span>gni<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n <span class=\"_ _13a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _215\"> </span>2<span class=\"_ _c\"></span>.7  <span class=\"_ _215\"> </span>2<span class=\"_ _6\"></span>.7<span class=\"_ _36a\"> </span>(f) <span class=\"_ _6\"></span>Reinsurance contr<span class=\"_ _3\"></span>acts recognised in the per<span class=\"_ _4\"></span>iod<span class=\"_ _36a\"> </span> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _6\"></span>5  <span class=\"_ _14\"> </span>(re<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>te<span class=\"_ _c\"></span>d<span class=\"_ _c\"></span>) <span class=\"_ _171\"> </span> <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Estimates of the pr<span class=\"_ _3\"></span>esent value of future cash inflo<span class=\"_ _3\"></span>ws <span class=\"_ _3f\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _ea\"> </span>11<span class=\"_ _c\"></span>.0 <span class=\"_ _4\"></span> <span class=\"_ _11b\"> </span>11.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Estimates of the pr<span class=\"_ _3\"></span>esent value of future cash out<span class=\"_ _3\"></span>flows <span class=\"_ _f2\"> </span>  <span class=\"_ _52\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _11f\"> </span>(1<span class=\"_ _c\"></span>3.5 <span class=\"_ _8\"></span>) <span class=\"_ _f0\"> </span>(1<span class=\"_ _c\"></span>3.6 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Risk <span class=\"_ _c\"></span>adjustment <span class=\"_ _6\"></span>for non-<span class=\"_ _c\"></span>financial <span class=\"_ _c\"></span>risk <span class=\"_ _c4\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.5  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>CSM <span class=\"_ _1ad\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>2<span class=\"_ _c\"></span>.0  <span class=\"_ _129\"> </span>1.9<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal v<span class=\"_ _c\"></span>al<span class=\"_ _c\"></span>ue of r<span class=\"_ _c\"></span>ein<span class=\"_ _c\"></span>sur<span class=\"_ _c\"></span>anc<span class=\"_ _c\"></span>e con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts r<span class=\"_ _c\"></span>ec<span class=\"_ _c\"></span>ogn<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>ed in t<span class=\"_ _c\"></span>he p<span class=\"_ _c\"></span>erio<span class=\"_ _c\"></span>d <span class=\"_ _f0\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _125\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>All reinsurance contracts abov<span class=\"_ _3\"></span>e are in respect of ne<span class=\"_ _3\"></span>w business written and all contract groups were<span class=\"_ _36a\"> </span>originally in a net cost position.<span class=\"_ _36a\"> </span>g) <span class=\"_ _6\"></span>Expected r<span class=\"_ _3\"></span>ecognition of CSM<span class=\"_ _36a\"> </span>In the tables that follo<span class=\"_ _3\"></span>w the CSM accrues interest at the locked-in rate f<span class=\"_ _4\"></span>or GMM portfolios and at<span class=\"_ _36a\"> </span>current rates for <span class=\"_ _5\"></span>VF<span class=\"_ _5\"></span>A portfolios from the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date and is then amortised based on the coverage<span class=\"_ _36a\"> </span>units of the contract groups to giv<span class=\"_ _3\"></span>e the timeline of the <span class=\"_ _3\"></span>expected recognition.<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>202<span class=\"_ _c\"></span>5 <span class=\"_ _b1\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _13\"> </span>Insurance   R<span class=\"_ _c\"></span>einsurance <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f\"> </span>contract<span class=\"_ _c\"></span>s  <span class=\"_ _238\"> </span>contract<span class=\"_ _c\"></span>s <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _134\"> </span>12.8  <span class=\"_ _c4\"> </span>(3.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e7\"> </span>1<span class=\"_ _c\"></span>1.6 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(2.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _3f\"> </span>10.6 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>(2<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _215\"> </span>9.8 <span class=\"_ _4\"></span> <span class=\"_ _54\"> </span>(2.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _215\"> </span>8.9 <span class=\"_ _3\"></span> <span class=\"_ _c4\"> </span>(2.3 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _18b\"> </span>34<span class=\"_ _c\"></span>.5 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(8.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _18b\"> </span>68<span class=\"_ _c\"></span>.2  <span class=\"_ _128\"> </span>(10.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _3c\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _e5\"> </span>(3<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _6\"></span>2024 <span class=\"_ _9f\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _13\"> </span>Insuran<span class=\"_ _c\"></span>ce   Reinsurance<span class=\"_ _36a\"> </span>(restated) <span class=\"_ _244\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f\"> </span>contracts  <span class=\"_ _238\"> </span>contract<span class=\"_ _c\"></span>s <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _c4\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Not <span class=\"_ _c\"></span>later <span class=\"_ _c\"></span>than <span class=\"_ _6\"></span>one <span class=\"_ _c\"></span>year <span class=\"_ _162\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _f7\"> </span>13.5  <span class=\"_ _c4\"> </span>(3.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Later than one ye<span class=\"_ _3\"></span>ar and not later than tw<span class=\"_ _3\"></span>o years <span class=\"_ _8\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _134\"> </span>12.<span class=\"_ _c\"></span>3 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(2.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than tw<span class=\"_ _3\"></span>o years and not lat<span class=\"_ _4\"></span>er than three years <span class=\"_ _30\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _ea\"> </span>1<span class=\"_ _c\"></span>1.4 <span class=\"_ _4\"></span> <span class=\"_ _54\"> </span>(2.3 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than three y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than four year<span class=\"_ _3\"></span>s <span class=\"_ _129\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _123\"> </span>10.4 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>(2.<span class=\"_ _c\"></span>2 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than four y<span class=\"_ _3\"></span>ears and not later than fiv<span class=\"_ _3\"></span>e ye<span class=\"_ _3\"></span>ars <span class=\"_ _114\"> </span> <span class=\"_ _5\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e9\"> </span>9.6 <span class=\"_ _4\"></span> <span class=\"_ _125\"> </span>(2.0 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later than five y<span class=\"_ _3\"></span>ears and not lat<span class=\"_ _3\"></span>er than ten ye<span class=\"_ _3\"></span>ars <span class=\"_ _9\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _e8\"> </span>36<span class=\"_ _c\"></span>.7 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>(7.9 <span class=\"_ _8\"></span>)<span class=\"_ _36a\"> </span>Later <span class=\"_ _c\"></span>than <span class=\"_ _c\"></span>ten <span class=\"_ _c\"></span>years <span class=\"_ _a5\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _11d\"> </span>72.7  <span class=\"_ _125\"> </span>(9.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>  <span class=\"_ _137\"> </span>16<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _e9\"> </span>(2<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _2f\"></span>)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-444": {
   "value": " <span class=\"_ _21c\"></span><span class=\"_ _21c\"> </span>G1 <span class=\"_ _6\"></span>Other pr<span class=\"_ _3\"></span>ovisions <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>I <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _65\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>2<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>3  <span class=\"_ _132\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Charge <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>ye<span class=\"_ _3\"></span>ar <span class=\"_ _245\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>2.7  <span class=\"_ _e9\"> </span>0.7<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>utilised <span class=\"_ _6\"></span>during the <span class=\"_ _6\"></span>year <span class=\"_ _16\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(2.0 <span class=\"_ _2f\"></span>) <span class=\"_ _123\"> </span>(3.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>0.7  <span class=\"_ _1fa\"> </span>(0.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>3I <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _125\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _123\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7  <span class=\"_ _11c\"> </span>20<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>other provisions balance includes the f<span class=\"_ _3\"></span>ollowing significant items:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>Liabilities acquired as part of the Conserv<span class=\"_ _4\"></span>atrix acquisition<span class=\"_ _36a\"> </span>The contracts acquired in the acquisition <span class=\"_ _3\"></span>of Conservatrix include \u00a31<span class=\"_ _5\"></span>0.4m as at 3<span class=\"_ _3\"></span>1 December 2025<span class=\"_ _36a\"> </span>(3<span class=\"_ _4\"></span>1 December 2024: \u00a31<span class=\"_ _4\"></span>2.5m) of liabilities relating to <span class=\"_ _3\"></span>obligations to former <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ees of Conservatrix<span class=\"_ _36a\"> </span>under a now closed defined benefit pension scheme. <span class=\"_ _2f\"></span>The liabilities are v<span class=\"_ _3\"></span>alued under IAS 1<span class=\"_ _4\"></span>9.<span class=\"_ _36a\"> </span>The pension scheme is closed to ne<span class=\"_ _3\"></span>w entrants with no further benefits accr<span class=\"_ _3\"></span>uing and as such the e<span class=\"_ _3\"></span>xposure for <span class=\"_ _4\"></span>Scildon is limited to the longevity risk of the contracts. <span class=\"_ _4\"></span>Scildon is regulated by De Nederlandsche Bank (DNB) and the Netherlands <span class=\"_ _4\"></span>Authority for financial mark<span class=\"_ _3\"></span>ets. A<span class=\"_ _3\"></span>s such, there<span class=\"_ _36a\"> </span>is no requirement to hold plan assets against these liabilities, instead the liabilities are assessed as<span class=\"_ _36a\"> </span>part of the <span class=\"_ _4\"></span>SII requirements and as a result of this assessment there are considered to be sufficient<span class=\"_ _36a\"> </span>general account assets to meet the obligation related to these pension policies.<span class=\"_ _36a\"> </span>\u00a30.2m of this is <span class=\"_ _3\"></span>expected to be settled within 1 <span class=\"_ _5\"></span>year of the <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition date and<span class=\"_ _36a\"> </span>expected cash <span class=\"_ _3\"></span>outflows are stable <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>er the next 5 <span class=\"_ _4\"></span>years.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _d\"> </span>Provision <span class=\"_ _3\"></span>established for the costs associated with <span class=\"_ _3\"></span>outsourced UK administration services<span class=\"_ _36a\"> </span>During 2023, Chesnara initiated a <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransition and <span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ransformation (T&amp;T) programme in respect of its UK<span class=\"_ _36a\"> </span>business. <span class=\"_ _2f\"></span>This programme continues to operate and includes activities related to the restructure of the administration outsourcing arrangements f<span class=\"_ _4\"></span>or the UK business including the migration of most<span class=\"_ _36a\"> </span>of the policies onto a ne<span class=\"_ _3\"></span>w platform architecture with <span class=\"_ _4\"></span>SS&amp;C. <span class=\"_ _5\"></span>The <span class=\"_ _3\"></span>economic benefits of these costs<span class=\"_ _36a\"> </span>are e<span class=\"_ _3\"></span>xpected to materialise in subsequent <span class=\"_ _4\"></span>years from the reduced costs applied under <span class=\"_ _4\"></span>SS&amp;C.<span class=\"_ _36a\"> </span>An ongoing assessment <span class=\"_ _3\"></span>of the proposed costs at 31 December 2025 has been conducted in<span class=\"_ _36a\"> </span>accordance with the requirements of IA<span class=\"_ _4\"></span>S 37 and as a resul<span class=\"_ _c\"></span>t of this assessment a pro<span class=\"_ _3\"></span>vision of \u00a32.6m<span class=\"_ _36a\"> </span>is held in the balance sheet (31 December 2024: \u00a32.9m), being those where the plan inv<span class=\"_ _3\"></span>olves<span class=\"_ _36a\"> </span>contractual obligations.<span class=\"_ _36a\"> </span>There are also pro<span class=\"_ _3\"></span>visions at the <span class=\"_ _4\"></span>year <span class=\"_ _4\"></span>end relat<span class=\"_ _c\"></span>ing to claims o<span class=\"_ _4\"></span>ver the mis-selling of contracts in the<span class=\"_ _36a\"> </span>UK of \u00a32.<span class=\"_ _2f\"></span>1m (31 December 2024: \u00a31<span class=\"_ _2f\"></span>.9m) which are expected to be settled o<span class=\"_ _4\"></span>ver 1<span class=\"_ _4\"></span>5 <span class=\"_ _4\"></span>years from the<span class=\"_ _36a\"> </span>Statement of Financial P<span class=\"_ _4\"></span>osition date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-59": {
   "value": "<span class=\"_ _21c\"> </span>G1 <span class=\"_ _6\"></span>Other pr<span class=\"_ _3\"></span>ovisions <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>I <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _65\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>2<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>3  <span class=\"_ _132\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>Charge <span class=\"_ _c\"></span>in <span class=\"_ _c\"></span>the <span class=\"_ _6\"></span>ye<span class=\"_ _3\"></span>ar <span class=\"_ _245\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>2.7  <span class=\"_ _e9\"> </span>0.7<span class=\"_ _36a\"> </span>Amounts <span class=\"_ _c\"></span>utilised <span class=\"_ _6\"></span>during the <span class=\"_ _6\"></span>year <span class=\"_ _16\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(2.0 <span class=\"_ _2f\"></span>) <span class=\"_ _123\"> </span>(3.0 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>difference <span class=\"_ _134\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>0.7  <span class=\"_ _1fa\"> </span>(0.6 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>3I <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _125\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _123\"> </span>2<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7  <span class=\"_ _11c\"> </span>20<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>other provisions balance includes the f<span class=\"_ _3\"></span>ollowing significant items:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span>Liabilities acquired as part of the Conserv<span class=\"_ _4\"></span>atrix acquisition<span class=\"_ _36a\"> </span>The contracts acquired in the acquisition <span class=\"_ _3\"></span>of Conservatrix include \u00a31<span class=\"_ _5\"></span>0.4m as at 3<span class=\"_ _3\"></span>1 December 2025<span class=\"_ _36a\"> </span>(3<span class=\"_ _4\"></span>1 December 2024: \u00a31<span class=\"_ _4\"></span>2.5m) of liabilities relating to <span class=\"_ _3\"></span>obligations to former <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ees of Conservatrix<span class=\"_ _36a\"> </span>under a now closed defined benefit pension scheme. <span class=\"_ _2f\"></span>The liabilities are v<span class=\"_ _3\"></span>alued under IAS 1<span class=\"_ _4\"></span>9.<span class=\"_ _36a\"> </span>The pension scheme is closed to ne<span class=\"_ _3\"></span>w entrants with no further benefits accr<span class=\"_ _3\"></span>uing and as such the e<span class=\"_ _3\"></span>xposure for <span class=\"_ _4\"></span>Scildon is limited to the longevity risk of the contracts. <span class=\"_ _4\"></span>Scildon is regulated by De Nederlandsche Bank (DNB) and the Netherlands <span class=\"_ _4\"></span>Authority for financial mark<span class=\"_ _3\"></span>ets. A<span class=\"_ _3\"></span>s such, there<span class=\"_ _36a\"> </span>is no requirement to hold plan assets against these liabilities, instead the liabilities are assessed as<span class=\"_ _36a\"> </span>part of the <span class=\"_ _4\"></span>SII requirements and as a result of this assessment there are considered to be sufficient<span class=\"_ _36a\"> </span>general account assets to meet the obligation related to these pension policies.<span class=\"_ _36a\"> </span>\u00a30.2m of this is <span class=\"_ _3\"></span>expected to be settled within 1 <span class=\"_ _5\"></span>year of the <span class=\"_ _4\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition date and<span class=\"_ _36a\"> </span>expected cash <span class=\"_ _3\"></span>outflows are stable <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>er the next 5 <span class=\"_ _4\"></span>years.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _d\"> </span>Provision <span class=\"_ _3\"></span>established for the costs associated with <span class=\"_ _3\"></span>outsourced UK administration services<span class=\"_ _36a\"> </span>During 2023, Chesnara initiated a <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransition and <span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>ransformation (T&amp;T) programme in respect of its UK<span class=\"_ _36a\"> </span>business. <span class=\"_ _2f\"></span>This programme continues to operate and includes activities related to the restructure of the administration outsourcing arrangements f<span class=\"_ _4\"></span>or the UK business including the migration of most<span class=\"_ _36a\"> </span>of the policies onto a ne<span class=\"_ _3\"></span>w platform architecture with <span class=\"_ _4\"></span>SS&amp;C. <span class=\"_ _5\"></span>The <span class=\"_ _3\"></span>economic benefits of these costs<span class=\"_ _36a\"> </span>are e<span class=\"_ _3\"></span>xpected to materialise in subsequent <span class=\"_ _4\"></span>years from the reduced costs applied under <span class=\"_ _4\"></span>SS&amp;C.<span class=\"_ _36a\"> </span>An ongoing assessment <span class=\"_ _3\"></span>of the proposed costs at 31 December 2025 has been conducted in<span class=\"_ _36a\"> </span>accordance with the requirements of IA<span class=\"_ _4\"></span>S 37 and as a resul<span class=\"_ _c\"></span>t of this assessment a pro<span class=\"_ _3\"></span>vision of \u00a32.6m<span class=\"_ _36a\"> </span>is held in the balance sheet (31 December 2024: \u00a32.9m), being those where the plan inv<span class=\"_ _3\"></span>olves<span class=\"_ _36a\"> </span>contractual obligations.<span class=\"_ _36a\"> </span>There are also pro<span class=\"_ _3\"></span>visions at the <span class=\"_ _4\"></span>year <span class=\"_ _4\"></span>end relat<span class=\"_ _c\"></span>ing to claims o<span class=\"_ _4\"></span>ver the mis-selling of contracts in the<span class=\"_ _36a\"> </span>UK of \u00a32.<span class=\"_ _2f\"></span>1m (31 December 2024: \u00a31<span class=\"_ _2f\"></span>.9m) which are expected to be settled o<span class=\"_ _4\"></span>ver 1<span class=\"_ _4\"></span>5 <span class=\"_ _4\"></span>years from the<span class=\"_ _36a\"> </span>Statement of Financial P<span class=\"_ _4\"></span>osition date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-60": {
   "value": "G2 Bor<span class=\"_ _4\"></span>rowings<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _7e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Tier <span class=\"_ _c\"></span>2 <span class=\"_ _c\"></span>debt <span class=\"_ _fc\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11f\"> </span>201.1  <span class=\"_ _3c\"> </span>200.8<span class=\"_ _36a\"> </span>Amount due in relation to financial r<span class=\"_ _3\"></span>einsurance <span class=\"_ _6\"></span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _86\"> </span>1.0 <span class=\"_ _4\"></span> <span class=\"_ _11b\"> </span>2.<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>erm <span class=\"_ _6\"></span>finance <span class=\"_ _106\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.9  <span class=\"_ _129\"> </span>1.6<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _42\"> </span>20<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _44\"> </span>2<span class=\"_ _c\"></span>04<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _215\"> </span>0.8  <span class=\"_ _129\"> </span>1.4<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _41\"> </span>202.<span class=\"_ _c\"></span>2  <span class=\"_ _f2\"> </span>203.4<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _42\"> </span>20<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.0  <span class=\"_ _44\"> </span>2<span class=\"_ _c\"></span>04<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of amounts due in relat<span class=\"_ _c\"></span>ion to <span class=\"_ _2f\"></span>Tier 2 debt at 31 December 2025 was \u00a3<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>85.5m (31 December 2024: \u00a3166.<span class=\"_ _4\"></span>1m).<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of amounts due in relat<span class=\"_ _c\"></span>ion to financial reinsurance at 31 December 2024 was \u00a31<span class=\"_ _9\"></span>.0m<span class=\"_ _36a\"> </span>(31 December 2024: \u00a32.3m).<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>erm finance comprises capital amounts outstanding on mortgage bonds taken <span class=\"_ _4\"></span>out ov<span class=\"_ _3\"></span>er properties<span class=\"_ _36a\"> </span>held in the unit-linked policyholder funds in the UK. <span class=\"_ _2f\"></span>The mortgage <span class=\"_ _3\"></span>ov<span class=\"_ _3\"></span>er each such property is<span class=\"_ _36a\"> </span>negotiated separately<span class=\"_ _4\"></span>, varies in term from 5 to 20 <span class=\"_ _5\"></span>years, and bears interest at fixed <span class=\"_ _4\"></span>or floating rates<span class=\"_ _36a\"> </span>that are agreed at the time of inception <span class=\"_ _3\"></span>of the mortgage. <span class=\"_ _2f\"></span>The fair v<span class=\"_ _3\"></span>alue of the term finance is not<span class=\"_ _36a\"> </span>materially diff<span class=\"_ _3\"></span>erent to the carrying value sho<span class=\"_ _4\"></span>wn above.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-61": {
   "value": "<span class=\"_ _21c\"> </span>G3 <span class=\"_ _6\"></span>Def<span class=\"_ _4\"></span>err<span class=\"_ _4\"></span>ed tax assets and liabilities<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>er<span class=\"_ _4\"></span>red tax assets and liabilities compr<span class=\"_ _3\"></span>ise:<span class=\"_ _36a\"> </span>31 December <span class=\"_ _74\"> </span>202<span class=\"_ _c\"></span>5 <span class=\"_ _186\"> </span>2024 <span class=\"_ _f4\"> </span> (res<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>d<span class=\"_ _c\"></span>) <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _44\"> </span>A<span class=\"_ _c\"></span>ss<span class=\"_ _c\"></span>et  <span class=\"_ _17\"> </span>Liability  <span class=\"_ _44\"> </span>A<span class=\"_ _c\"></span>sset  <span class=\"_ _17\"> </span>Liabilit<span class=\"_ _c\"></span>y <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _3\"></span>  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Net deferred tax liabilities:<span class=\"_ _36a\"> </span>UK <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>other <span class=\"_ _c\"></span>Group <span class=\"_ _c\"></span>activities <span class=\"_ _41\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _d4\"> </span>(48.0 <span class=\"_ _9\"></span>) <span class=\"_ _119\"> </span>1.6  <span class=\"_ _d3\"> </span>(24.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Sweden <span class=\"_ _15e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _134\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _124\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>Netherlands <span class=\"_ _e1\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>31.7  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _3f\"> </span>37<span class=\"_ _4\"></span>.3  <span class=\"_ _10c\"> </span>\u2013<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _f2\"> </span>(48<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _ee\"> </span>3<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _41\"> </span>(2<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.7 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>31.<span class=\"_ _c\"></span>8  <span class=\"_ _ee\"> </span>(48.3 <span class=\"_ _2f\"></span>) <span class=\"_ _132\"> </span>38.9  <span class=\"_ _f0\"> </span>(24.7 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>3<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _f2\"> </span>(48<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>3 <span class=\"_ _9\"></span>) <span class=\"_ _ee\"> </span>3<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _41\"> </span>(2<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>.7 <span class=\"_ _2f\"></span>)  (a) <span class=\"_ _6\"></span>Gr<span class=\"_ _4\"></span>oup recognised def<span class=\"_ _3\"></span>er<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>ed tax assets and liabilities<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _1c7\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _43\"> </span>Fo<span class=\"_ _c\"></span>reig<span class=\"_ _c\"></span>n  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _104\"> </span>20<span class=\"_ _c\"></span>24  <span class=\"_ _10a\"> </span>Cr<span class=\"_ _c\"></span>edi<span class=\"_ _c\"></span>t <span class=\"_ _9\"></span>/ <span class=\"_ _157\"> </span>Reco<span class=\"_ _c\"></span>gn<span class=\"_ _c\"></span>ise<span class=\"_ _c\"></span>d  <span class=\"_ _123\"> </span>exchang<span class=\"_ _c\"></span>e  <span class=\"_ _126\"> </span>2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _114\"> </span>As<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _9\"></span>/ <span class=\"_ _3a\"> </span>(char<span class=\"_ _c\"></span>ge <span class=\"_ _2f\"></span>) <span class=\"_ _119\"> </span>th<span class=\"_ _c\"></span>rou<span class=\"_ _c\"></span>gh  <span class=\"_ _41\"> </span>t<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>sla<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n  <span class=\"_ _114\"> </span>As<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _9\"></span>/ <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11d\"> </span>(liab<span class=\"_ _c\"></span>ilities <span class=\"_ _9\"></span>) <span class=\"_ _54\"> </span>in <span class=\"_ _c\"></span>year  <span class=\"_ _11e\"> </span>equity  <span class=\"_ _f0\"> </span>dif<span class=\"_ _c\"></span>feren<span class=\"_ _c\"></span>ce  <span class=\"_ _11d\"> </span>(liabilities <span class=\"_ _2f\"></span>) <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance-relat<span class=\"_ _3\"></span>ed <span class=\"_ _7\"> </span>and <span class=\"_ _7\"> </span>intangibles <span class=\"_ _1ae\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _180\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _57\"> </span>(36. 5 ) <span class=\"_ _16f\"> </span>2 .7 <span class=\"_ _1c\"> </span> <span class=\"_ _16b\"> </span>(0.8 ) <span class=\"_ _5c\"> </span>(0.1 ) <span class=\"_ _110\"> </span>(34.7 )<span class=\"_ _36a\"> </span>Investments <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>valuation <span class=\"_ _c\"></span>differences <span class=\"_ _246\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>15<span class=\"_ _c\"></span>.5  <span class=\"_ _57\"> </span>(1<span class=\"_ _c\"></span>3.4 <span class=\"_ _9\"></span>) <span class=\"_ _8a\"> </span>0.1  <span class=\"_ _115\"> </span>(0.<span class=\"_ _3\"></span>4 <span class=\"_ _2f\"></span>) <span class=\"_ _16f\"> </span>1.8<span class=\"_ _36a\"> </span>Tax losses and deductible t<span class=\"_ _3\"></span>emporary differences <span class=\"_ _e4\"> </span>  <span class=\"_ _a8\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _16c\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10d\"> </span>34<span class=\"_ _c\"></span>.2 <span class=\"_ _3\"></span> <span class=\"_ _f8\"> </span>(14<span class=\"_ _c\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _16b\"> </span>(1.5 <span class=\"_ _8\"></span>) <span class=\"_ _ed\"> </span>(0.1 <span class=\"_ _8\"></span>) <span class=\"_ _116\"> </span>17.9<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>temporary <span class=\"_ _c\"></span>differences <span class=\"_ _209\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _96\"> </span>1.0  <span class=\"_ _1f\"> </span>(2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3 <span class=\"_ _2f\"></span>) <span class=\"_ _16f\"> </span>0.1  <span class=\"_ _1f\"> </span>(0.3 <span class=\"_ _2f\"></span>) <span class=\"_ _55\"> </span>(1.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o t al <span class=\"_ _247\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _1c\"> </span> <span class=\"_ _a2\"> </span> <span class=\"_ _21c\"> </span> <span class=\"_ _65\"> </span>1 4<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _1c\"> </span> <span class=\"_ _f8\"> </span>(2 7.7 ) <span class=\"_ _ed\"> </span>( 2<span class=\"_ _6\"></span>.1 ) <span class=\"_ _61\"> </span>(0.<span class=\"_ _c\"></span>9 ) <span class=\"_ _111\"> </span>( 1 6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5 )<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>De<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>mbe<span class=\"_ _c\"></span>r <span class=\"_ _1c7\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _43\"> </span>Fo<span class=\"_ _c\"></span>reig<span class=\"_ _c\"></span>n  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _112\"> </span>202<span class=\"_ _c\"></span>3  <span class=\"_ _10a\"> </span>C<span class=\"_ _c\"></span>red<span class=\"_ _c\"></span>it <span class=\"_ _9\"></span>/ <span class=\"_ _157\"> </span>Rec<span class=\"_ _c\"></span>ogn<span class=\"_ _c\"></span>is<span class=\"_ _c\"></span>ed  <span class=\"_ _123\"> </span>exchan<span class=\"_ _c\"></span>ge  <span class=\"_ _104\"> </span>20<span class=\"_ _c\"></span>24 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _114\"> </span>As<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _9\"></span>/ <span class=\"_ _3a\"> </span>(char<span class=\"_ _c\"></span>ge <span class=\"_ _2f\"></span>) <span class=\"_ _119\"> </span>th<span class=\"_ _c\"></span>rou<span class=\"_ _c\"></span>gh  <span class=\"_ _41\"> </span>t<span class=\"_ _c\"></span>ran<span class=\"_ _c\"></span>sla<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n  <span class=\"_ _114\"> </span>As<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>s <span class=\"_ _9\"></span>/ <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _11d\"> </span>(liab<span class=\"_ _c\"></span>ilities <span class=\"_ _9\"></span>) <span class=\"_ _54\"> </span>in <span class=\"_ _c\"></span>year  <span class=\"_ _11e\"> </span>equity  <span class=\"_ _f0\"> </span>dif<span class=\"_ _c\"></span>feren<span class=\"_ _c\"></span>ce  <span class=\"_ _11d\"> </span>(liabilities <span class=\"_ _2f\"></span>) <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Insurance-relat<span class=\"_ _3\"></span>ed <span class=\"_ _c\"></span>and <span class=\"_ _6\"></span>intangibles <span class=\"_ _248\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _51\"> </span>(39.1 <span class=\"_ _9\"></span>) <span class=\"_ _3d\"> </span>1<span class=\"_ _c\"></span>.1  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _19b\"> </span>1.<span class=\"_ _c\"></span>5  <span class=\"_ _10f\"> </span>(36.5 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>Investments <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>valuation <span class=\"_ _c\"></span>differences <span class=\"_ _246\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>5.8  <span class=\"_ _16b\"> </span>1<span class=\"_ _6\"></span>1.4  <span class=\"_ _91\"> </span>\u2013  <span class=\"_ _1c1\"> </span>(1.7 <span class=\"_ _2f\"></span>) <span class=\"_ _116\"> </span>15<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Tax losses <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>deductible <span class=\"_ _6\"></span>t<span class=\"_ _3\"></span>emporary <span class=\"_ _c\"></span>differences <span class=\"_ _7a\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _61\"> </span>35.0  <span class=\"_ _5c\"> </span>(2<span class=\"_ _6\"></span>.1 <span class=\"_ _9\"></span>) <span class=\"_ _8a\"> </span>1.<span class=\"_ _c\"></span>3  <span class=\"_ _164\"> </span>\u2013  <span class=\"_ _51\"> </span>34<span class=\"_ _c\"></span>.2<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>temporary <span class=\"_ _c\"></span>differences <span class=\"_ _209\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _51\"> </span>28.6  <span class=\"_ _10f\"> </span>(26.6 <span class=\"_ _9\"></span>) <span class=\"_ _55\"> </span>0.<span class=\"_ _c\"></span>5  <span class=\"_ _166\"> </span>(1.<span class=\"_ _c\"></span>5 <span class=\"_ _2f\"></span>) <span class=\"_ _16f\"> </span>1.0<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _f8\"> </span>3<span class=\"_ _c\"></span>0.<span class=\"_ _6\"></span>3  <span class=\"_ _10e\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2 <span class=\"_ _9\"></span>) <span class=\"_ _170\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>8  <span class=\"_ _16b\"> </span>(<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>.7 <span class=\"_ _9\"></span>) <span class=\"_ _113\"> </span>14<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _36a\"> </span>Def<span class=\"_ _3\"></span>erred tax is recognised <span class=\"_ _3\"></span>on temporary diff<span class=\"_ _3\"></span>erences between the carrying amounts <span class=\"_ _4\"></span>of assets and<span class=\"_ _36a\"> </span>liabilities in the consolidated financial statements and their corresponding tax bases. Def<span class=\"_ _4\"></span>erred tax is measured using enacted <span class=\"_ _3\"></span>or substantively <span class=\"_ _3\"></span>enacted tax rates e<span class=\"_ _4\"></span>xpected to apply when the temporary<span class=\"_ _36a\"> </span>diff<span class=\"_ _3\"></span>erences rev<span class=\"_ _3\"></span>erse. Def<span class=\"_ _4\"></span>erred tax assets in ex<span class=\"_ _3\"></span>cess of <span class=\"_ _4\"></span>existing taxable temporary differences are<span class=\"_ _36a\"> </span>recognised only to the <span class=\"_ _3\"></span>extent that it is probable that future taxable profits will be a<span class=\"_ _4\"></span>vailable against<span class=\"_ _36a\"> </span>which the assets can be utilised. Evidence used to support such recognition includes management<span class=\"_ _36a\"> </span>approv<span class=\"_ _3\"></span>ed forecasts <span class=\"_ _4\"></span>of future profits and actuarial projections.<span class=\"_ _36a\"> </span>The Group\u2019<span class=\"_ _2f\"></span>s deferred tax position is primarily driv<span class=\"_ _3\"></span>en by: <span class=\"_ _28\"> </span>\u2013 <span class=\"_ _6\"></span>Insurance-related and intangible balances, principally A<span class=\"_ _4\"></span>VIF and other insurance-contract measurement<span class=\"_ _36a\"> </span>diff<span class=\"_ _3\"></span>erences in the UK; <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _c\"></span>T<span class=\"_ _4\"></span>ax losses and other deductible temporary diff<span class=\"_ _4\"></span>erences, primarily in the Netherlands, including the recognition of def<span class=\"_ _4\"></span>erred tax assets where recov<span class=\"_ _3\"></span>ery against future taxable profits is considered<span class=\"_ _36a\"> </span>probable; and <span class=\"_ _cd\"> </span>\u2013 <span class=\"_ _6\"></span>Investment v<span class=\"_ _4\"></span>aluation and timing differences, reflecting diff<span class=\"_ _4\"></span>erences between accounting recognition<span class=\"_ _36a\"> </span>of inv<span class=\"_ _3\"></span>estment returns and the timing of taxation under the UK I-E basis.<span class=\"_ _36a\"> </span>Other temporary diff<span class=\"_ _3\"></span>erences are not individually material to the o<span class=\"_ _3\"></span>verall def<span class=\"_ _4\"></span>erred tax position.<span class=\"_ _36a\"> </span>The def<span class=\"_ _4\"></span>erred tax (charge)/credit to the Consolidated <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _3\"></span>e Income for the<span class=\"_ _36a\"> </span>year is classified as f<span class=\"_ _3\"></span>ollows:<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _5\"></span>202<span class=\"_ _c\"></span>5  <span class=\"_ _162\"> </span>2<span class=\"_ _c\"></span>024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _144\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Inc<span class=\"_ _c\"></span>ome <span class=\"_ _6\"></span>ta<span class=\"_ _c\"></span>x <span class=\"_ _6\"></span>(charg<span class=\"_ _c\"></span>e)/cred<span class=\"_ _c\"></span>it <span class=\"_ _e8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  (27.7 <span class=\"_ _8\"></span>) <span class=\"_ _126\"> </span>(<span class=\"_ _c\"></span>16<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>2 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>The Group has unrelie<span class=\"_ _3\"></span>ved tax losses car<span class=\"_ _3\"></span>ried forw<span class=\"_ _3\"></span>ard of \u00a378m as at 31 December 2025. No def<span class=\"_ _4\"></span>erred<span class=\"_ _36a\"> </span>tax asset has been recognised in respect of these as it is not probable that there will be suitable<span class=\"_ _36a\"> </span>taxable profits emerging in future periods against which to relie<span class=\"_ _4\"></span>ve them.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-445": {
   "value": "<div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs206\"> <span class=\"_ _21c\"> </span>G4 <span class=\"_ _6\"></span>Other cur<span class=\"_ _4\"></span>rent liabilities<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs207\">31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs208\"> <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs209\">Reinsurance payables<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs20a\">Pay<span class=\"_ _3\"></span>ables in respect of investment c<span class=\"_ _3\"></span>ontracts <span class=\"_ _155\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e9\"> </span>0.3 <span class=\"_ _4\"></span> <span class=\"_ _215\"> </span>0.6<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs20b\">Liabilities <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>assets <span class=\"_ _6\"></span>withheld <span class=\"_ _11c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>36.8  <span class=\"_ _132\"> </span>40.0<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs20c\">Reinsurers share of def<span class=\"_ _3\"></span>erred acquisition costs and c<span class=\"_ _3\"></span>laims deposits <span class=\"_ _41\"> </span>  <span class=\"_ _119\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span>0.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls6a ws190 gs20d\">Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>37<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _f0\"> </span>4<span class=\"_ _c\"></span>0.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 ls1 ws1 gs20e\">Payab<span class=\"_ _c\"></span>le<span class=\"_ _c\"></span>s rel<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>d to inve<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs20f\">Accrued <span class=\"_ _c\"></span>claims <span class=\"_ _25\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>22.<span class=\"_ _6\"></span>2  <span class=\"_ _3f\"> </span>2<span class=\"_ _c\"></span>1.0<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs210\">Policyholder <span class=\"_ _c\"></span>liabilities <span class=\"_ _116\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _119\"> </span>3.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls6a ws190 gs211\">Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d3\"> </span>24<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11c\"> </span>24<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc2 sc0 lsf8 ws103 gs212\">Other payables<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs213\">Accrued <span class=\"_ _c\"></span>expenses <span class=\"_ _102\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>23.0  <span class=\"_ _134\"> </span>13.4<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls100 ws15e gs214\">VA<span class=\"_ _4\"></span>T<span class=\"_ _c\"></span> <span class=\"_ _1b8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>2  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs215\">Employee tax <span class=\"_ _75\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _119\"> </span>2.5  <span class=\"_ _e5\"> </span>2.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs216\">Other <span class=\"_ _82\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>21.9  <span class=\"_ _3f\"> </span>2<span class=\"_ _c\"></span>1.8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls6a ws190 gs217\">Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>47.6  <span class=\"_ _132\"> </span>37<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs218\">Income <span class=\"_ _c\"></span>taxes <span class=\"_ _70\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>20.0  <span class=\"_ _11d\"> </span>26.5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs219\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs21a\">Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11f\"> </span>1<span class=\"_ _c\"></span>15.7  <span class=\"_ _11d\"> </span>7<span class=\"_ _3\"></span>4.5<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs21b\">Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>13.8  <span class=\"_ _3f\"> </span>55.2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs21c\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.7<span class=\"_ _36a\"> </span></div><div class=\"t m1 h11 ff36 fsc fc6 sc0 ls2f ws1 gs21d\">The carrying v<span class=\"_ _4\"></span>alue of other pa<span class=\"_ _3\"></span>yables is a reasonable appro<span class=\"_ _3\"></span>ximation of f<span class=\"_ _3\"></span>air value.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": " <span class=\"_ _21c\"> </span>G4 <span class=\"_ _6\"></span>Other cur<span class=\"_ _4\"></span>rent liabilities<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Reinsurance payables<span class=\"_ _36a\"> </span>Pay<span class=\"_ _3\"></span>ables in respect of investment c<span class=\"_ _3\"></span>ontracts <span class=\"_ _155\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e9\"> </span>0.3 <span class=\"_ _4\"></span> <span class=\"_ _215\"> </span>0.6<span class=\"_ _36a\"> </span>Liabilities <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>assets <span class=\"_ _6\"></span>withheld <span class=\"_ _11c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>36.8  <span class=\"_ _132\"> </span>40.0<span class=\"_ _36a\"> </span>Reinsurers share of def<span class=\"_ _3\"></span>erred acquisition costs and c<span class=\"_ _3\"></span>laims deposits <span class=\"_ _41\"> </span>  <span class=\"_ _119\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span>0.1<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>37<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _f0\"> </span>4<span class=\"_ _c\"></span>0.7<span class=\"_ _36a\"> </span>Payab<span class=\"_ _c\"></span>le<span class=\"_ _c\"></span>s rel<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>d to inve<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Accrued <span class=\"_ _c\"></span>claims <span class=\"_ _25\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>22.<span class=\"_ _6\"></span>2  <span class=\"_ _3f\"> </span>2<span class=\"_ _c\"></span>1.0<span class=\"_ _36a\"> </span>Policyholder <span class=\"_ _c\"></span>liabilities <span class=\"_ _116\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _119\"> </span>3.7<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d3\"> </span>24<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11c\"> </span>24<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Other payables<span class=\"_ _36a\"> </span>Accrued <span class=\"_ _c\"></span>expenses <span class=\"_ _102\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>23.0  <span class=\"_ _134\"> </span>13.4<span class=\"_ _36a\"> </span>VA<span class=\"_ _4\"></span>T<span class=\"_ _c\"></span> <span class=\"_ _1b8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>2  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Employee tax <span class=\"_ _75\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _119\"> </span>2.5  <span class=\"_ _e5\"> </span>2.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Other <span class=\"_ _82\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>21.9  <span class=\"_ _3f\"> </span>2<span class=\"_ _c\"></span>1.8<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>47.6  <span class=\"_ _132\"> </span>37<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Income <span class=\"_ _c\"></span>taxes <span class=\"_ _70\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>20.0  <span class=\"_ _11d\"> </span>26.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.7<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11f\"> </span>1<span class=\"_ _c\"></span>15.7  <span class=\"_ _11d\"> </span>7<span class=\"_ _3\"></span>4.5<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>13.8  <span class=\"_ _3f\"> </span>55.2<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.7<span class=\"_ _36a\"> </span>The carrying v<span class=\"_ _4\"></span>alue of other pa<span class=\"_ _3\"></span>yables is a reasonable appro<span class=\"_ _3\"></span>ximation of f<span class=\"_ _3\"></span>air value.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-62": {
   "value": "4 <span class=\"_ _6\"></span>Other cur<span class=\"_ _4\"></span>rent liabilities<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Reinsurance payables<span class=\"_ _36a\"> </span>Pay<span class=\"_ _3\"></span>ables in respect of investment c<span class=\"_ _3\"></span>ontracts <span class=\"_ _155\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e9\"> </span>0.3 <span class=\"_ _4\"></span> <span class=\"_ _215\"> </span>0.6<span class=\"_ _36a\"> </span>Liabilities <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>assets <span class=\"_ _6\"></span>withheld <span class=\"_ _11c\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>36.8  <span class=\"_ _132\"> </span>40.0<span class=\"_ _36a\"> </span>Reinsurers share of def<span class=\"_ _3\"></span>erred acquisition costs and c<span class=\"_ _3\"></span>laims deposits <span class=\"_ _41\"> </span>  <span class=\"_ _119\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span>0.1<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>37<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _f0\"> </span>4<span class=\"_ _c\"></span>0.7<span class=\"_ _36a\"> </span>Payab<span class=\"_ _c\"></span>le<span class=\"_ _c\"></span>s rel<span class=\"_ _c\"></span>ate<span class=\"_ _c\"></span>d to inve<span class=\"_ _c\"></span>st<span class=\"_ _c\"></span>men<span class=\"_ _c\"></span>t con<span class=\"_ _c\"></span>tra<span class=\"_ _c\"></span>c<span class=\"_ _c\"></span>ts<span class=\"_ _36a\"> </span>Accrued <span class=\"_ _c\"></span>claims <span class=\"_ _25\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>22.<span class=\"_ _6\"></span>2  <span class=\"_ _3f\"> </span>2<span class=\"_ _c\"></span>1.0<span class=\"_ _36a\"> </span>Policyholder <span class=\"_ _c\"></span>liabilities <span class=\"_ _116\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _e5\"> </span>2<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _119\"> </span>3.7<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _d3\"> </span>24<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4  <span class=\"_ _11c\"> </span>24<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>Other payables<span class=\"_ _36a\"> </span>Accrued <span class=\"_ _c\"></span>expenses <span class=\"_ _102\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>23.0  <span class=\"_ _134\"> </span>13.4<span class=\"_ _36a\"> </span>VA<span class=\"_ _4\"></span>T<span class=\"_ _c\"></span> <span class=\"_ _1b8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>2  <span class=\"_ _e9\"> </span>0.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Employee tax <span class=\"_ _75\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _119\"> </span>2.5  <span class=\"_ _e5\"> </span>2.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>Other <span class=\"_ _82\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>21.9  <span class=\"_ _3f\"> </span>2<span class=\"_ _c\"></span>1.8<span class=\"_ _36a\"> </span>Sub-<span class=\"_ _c\"></span>total <span class=\"_ _230\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>47.6  <span class=\"_ _132\"> </span>37<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>8<span class=\"_ _36a\"> </span>Income <span class=\"_ _c\"></span>taxes <span class=\"_ _70\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>20.0  <span class=\"_ _11d\"> </span>26.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.7<span class=\"_ _36a\"> </span>Curr<span class=\"_ _3\"></span>ent <span class=\"_ _15b\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11f\"> </span>1<span class=\"_ _c\"></span>15.7  <span class=\"_ _11d\"> </span>7<span class=\"_ _3\"></span>4.5<span class=\"_ _36a\"> </span>Non-current <span class=\"_ _199\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>13.8  <span class=\"_ _3f\"> </span>55.2<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.<span class=\"_ _6\"></span>5  <span class=\"_ _41\"> </span>1<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>9.7<span class=\"_ _36a\"> </span>The carrying v<span class=\"_ _4\"></span>alue of other pa<span class=\"_ _3\"></span>yables is a reasonable appro<span class=\"_ _3\"></span>ximation of f<span class=\"_ _3\"></span>air value.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-63": {
   "value": " <span class=\"_ _7\"> </span>H1 <span class=\"_ _6\"></span>Share capital and shar<span class=\"_ _4\"></span>e premium<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _bd\"> </span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _26\"> </span>  <span class=\"_ _19e\"> </span>Number  <span class=\"_ _ec\"> </span>Share  <span class=\"_ _3b\"> </span>N<span class=\"_ _c\"></span>umber  <span class=\"_ _13a\"> </span>S<span class=\"_ _c\"></span>hare <span class=\"_ _171\"> </span>  <span class=\"_ _109\"> </span>of <span class=\"_ _c\"></span>share<span class=\"_ _c\"></span>s  <span class=\"_ _155\"> </span>c<span class=\"_ _c\"></span>apital  <span class=\"_ _14c\"> </span>of <span class=\"_ _6\"></span>shares  <span class=\"_ _155\"> </span>c<span class=\"_ _c\"></span>apital <span class=\"_ _171\"> </span>  <span class=\"_ _115\"> </span>i<span class=\"_ _c\"></span>ssued  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f0\"> </span>is<span class=\"_ _c\"></span>sued  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Sha<span class=\"_ _c\"></span>re <span class=\"_ _6\"></span>cap<span class=\"_ _c\"></span>ita<span class=\"_ _c\"></span>l <span class=\"_ _69\"> </span>  <span class=\"_ _1fa\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>0,<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>9,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8  <span class=\"_ _134\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>5  <span class=\"_ _10\"> </span>15<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>99<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>,0<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9  <span class=\"_ _215\"> </span>7.<span class=\"_ _c\"></span>5 <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _ec\"> </span>Share  <span class=\"_ _51\"> </span>  <span class=\"_ _ec\"> </span>Share <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _2\"> </span>premium  <span class=\"_ _51\"> </span>  <span class=\"_ _2\"> </span>pre<span class=\"_ _c\"></span>mium <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _51\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _42\"> </span>2<span class=\"_ _c\"></span>70.<span class=\"_ _c\"></span>9  <span class=\"_ _61\"> </span>  <span class=\"_ _f2\"> </span>142<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _140\"> </span>Merger  <span class=\"_ _51\"> </span>  <span class=\"_ _e3\"> </span>Merger <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _5e\"> </span>r<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ve  <span class=\"_ _61\"> </span>  <span class=\"_ _5e\"> </span>res<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ve <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _51\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _11c\"> </span>36<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _51\"> </span>  <span class=\"_ _11c\"> </span>36<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>The number <span class=\"_ _3\"></span>of shares in issue at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date included 365,705 shares held in treasury (31 <span class=\"_ _4\"></span>December 2024: nil) with a value <span class=\"_ _3\"></span>of \u00a31<span class=\"_ _2f\"></span>.0m (31 December 2024: nil). <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>reasury shares relate to shares held by the Emplo<span class=\"_ _3\"></span>yee B<span class=\"_ _3\"></span>enefit <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>rust.<span class=\"_ _36a\"> </span>The number <span class=\"_ _3\"></span>of shares in issue increased due to a fully underwritten rights issue on the basis <span class=\"_ _4\"></span>of 1<span class=\"_ _4\"></span>0<span class=\"_ _36a\"> </span>new ordinary shares for ev<span class=\"_ _3\"></span>ery 1<span class=\"_ _3\"></span>9 existing ordinary shares.<span class=\"_ _36a\"> </span>The merger reserv<span class=\"_ _3\"></span>e is for presentation purposes <span class=\"_ _3\"></span>only in order to sho<span class=\"_ _4\"></span>w the correct share capital of<span class=\"_ _36a\"> </span>Chesnara plc follo<span class=\"_ _3\"></span>wing the rev<span class=\"_ _3\"></span>erse acquisition in 2004.<span class=\"_ _7\"></span><span class=\"_ _7\"> </span>H3 <span class=\"_ _6\"></span>Retained earnings<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _7e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Retained earnings attr<span class=\"_ _3\"></span>ibutable to equity holders of the Parent C<span class=\"_ _4\"></span>ompany comprise:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _41\"> </span>13<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _f2\"> </span>1<span class=\"_ _c\"></span>67.0<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>ofit/(loss) <span class=\"_ _c\"></span>for <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>year <span class=\"_ _50\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _132\"> </span>(10.4 <span class=\"_ _9\"></span>) <span class=\"_ _215\"> </span>3.9<span class=\"_ _36a\"> </span>Share-based <span class=\"_ _c\"></span>payment <span class=\"_ _113\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _119\"> </span>2<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Dividends<span class=\"_ _36a\"> </span>Final <span class=\"_ _c\"></span>approved and <span class=\"_ _6\"></span>paid <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>2023 <span class=\"_ _b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11c\"> </span>(23.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Interim appr<span class=\"_ _3\"></span>oved and paid f<span class=\"_ _3\"></span>or 2024 <span class=\"_ _10b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _132\"> </span>(13.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Final appro<span class=\"_ _3\"></span>ved and paid for 2024 <span class=\"_ _11\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _d3\"> </span>(2<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.3 <span class=\"_ _9\"></span>) <span class=\"_ _85\"> </span>\u2013<span class=\"_ _36a\"> </span>Interim appr<span class=\"_ _3\"></span>oved and paid f<span class=\"_ _3\"></span>or 2025 <span class=\"_ _114\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e8\"> </span>(17<span class=\"_ _3\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _85\"> </span>\u2013<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>83<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _41\"> </span>13<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>A final dividend of 1<span class=\"_ _4\"></span>4.80p per share in respect of the <span class=\"_ _5\"></span>year ended 31 December 2025 pa<span class=\"_ _3\"></span>yable <span class=\"_ _3\"></span>on 20 May 2026 to <span class=\"_ _3\"></span>equity shareholders of the P<span class=\"_ _4\"></span>arent Company registered at the close of business <span class=\"_ _3\"></span>on<span class=\"_ _36a\"> </span>7 April 2026, the dividend record date, w<span class=\"_ _4\"></span>as approved by the directors after the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>resulting total final dividend of \u00a334.2m has not been pro<span class=\"_ _3\"></span>vided for in these financial statements and<span class=\"_ _36a\"> </span>there are no income tax consequences.<span class=\"_ _36a\"> </span>The interim dividend in respect <span class=\"_ _3\"></span>of 2025, approv<span class=\"_ _3\"></span>ed and paid in 2025, was paid at the rate <span class=\"_ _4\"></span>of 7<span class=\"_ _8\"></span>.70p<span class=\"_ _36a\"> </span>per share to equity shareholders <span class=\"_ _3\"></span>of the P<span class=\"_ _3\"></span>arent Company registered at the close <span class=\"_ _3\"></span>of business on 5 <span class=\"_ _3\"></span>September 2025, the dividend record date.<span class=\"_ _36a\"> </span>The interim dividend in respect <span class=\"_ _3\"></span>of 2024, approv<span class=\"_ _3\"></span>ed and paid in 2024, was paid at the rate <span class=\"_ _4\"></span>of 8.61<span class=\"_ _5\"></span>p<span class=\"_ _36a\"> </span>per share. <span class=\"_ _2f\"></span>The final dividend in respect of 2024, appro<span class=\"_ _3\"></span>ved and paid in 2025, w<span class=\"_ _3\"></span>as paid at the rate of 1<span class=\"_ _4\"></span>6.08p per share so that the total dividend paid to the equity shareholders of the P<span class=\"_ _3\"></span>arent Company<span class=\"_ _36a\"> </span>in respect of the <span class=\"_ _5\"></span>year ended 3<span class=\"_ _4\"></span>1 December 2024 was made at the rate <span class=\"_ _3\"></span>of 24.69p per share.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing summarises dividends per share in respect <span class=\"_ _3\"></span>of the <span class=\"_ _4\"></span>year <span class=\"_ _4\"></span>ended 31 December 2025 and<span class=\"_ _36a\"> </span>3<span class=\"_ _4\"></span>1 December 2024:<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _85\"> </span>P  <span class=\"_ _11a\"> </span>P<span class=\"_ _36a\"> </span>Interim \u2013 <span class=\"_ _6\"></span>appro<span class=\"_ _3\"></span>ved <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>paid <span class=\"_ _11d\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>7<span class=\"_ _3\"></span>.70  <span class=\"_ _3f\"> </span>8.61<span class=\"_ _36a\"> </span>Final <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>proposed/<span class=\"_ _4\"></span>paid <span class=\"_ _1f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ef\"> </span>14<span class=\"_ _c\"></span>.80  <span class=\"_ _2a\"> </span>16<span class=\"_ _c\"></span>.08<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _42\"> </span><span><span class=\"gs11\" id=\"__134\">2 2 .  50</span></span>  <span class=\"_ _29\"> </span><span><span class=\"gs7\" id=\"__135\">24 .6 9</span></span><span class=\"_ _7\"> </span>H4 <span class=\"_ _6\"></span>Tier 1 Notes<span class=\"_ _36a\"> </span>On 30 July 2025, the Group announced the successful pricing <span class=\"_ _3\"></span>of \u00a31<span class=\"_ _5\"></span>50m Fixed Rate R<span class=\"_ _3\"></span>eset P<span class=\"_ _4\"></span>erpetual<span class=\"_ _36a\"> </span>Restricted <span class=\"_ _2f\"></span>Tier 1 Contingent Conv<span class=\"_ _3\"></span>ertible Notes (Tier 1 Notes).<span class=\"_ _36a\"> </span>The <span class=\"_ _2f\"></span>Tier 1 Notes hav<span class=\"_ _3\"></span>e been recognised as equity because the terms <span class=\"_ _3\"></span>of the <span class=\"_ _2f\"></span>Tier 1 Notes are aligned<span class=\"_ _36a\"> </span>with the definition of <span class=\"_ _3\"></span>equity<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>There is no fixed redemption date, the notes are not redeemable at the<span class=\"_ _36a\"> </span>option of the noteholders and interest pa<span class=\"_ _3\"></span>yments are at the full discretion of the Group. Under the terms of the R<span class=\"_ _3\"></span>T1, the instruments are contingent conv<span class=\"_ _4\"></span>ertible and may be conv<span class=\"_ _3\"></span>erted into ordinary<span class=\"_ _36a\"> </span>shares upon the occurrence <span class=\"_ _4\"></span>of specified trigger ev<span class=\"_ _3\"></span>ents linked to the <span class=\"_ _4\"></span>Solvency II capital position, in accordance with the contractual terms. F<span class=\"_ _4\"></span>ollowing any such conv<span class=\"_ _4\"></span>ersion there would be no<span class=\"_ _36a\"> </span>reinstatement of an<span class=\"_ _3\"></span>y part of the principal amount <span class=\"_ _3\"></span>of<span class=\"_ _4\"></span>, or interest on, the <span class=\"_ _2f\"></span>Tier 1 Notes at any time.<span class=\"_ _36a\"> </span>The coupons <span class=\"_ _3\"></span>on the instruments will be recognised as distributions <span class=\"_ _3\"></span>on the date of pa<span class=\"_ _3\"></span>yment and<span class=\"_ _36a\"> </span>charged directly to the consolidated statement of changes in <span class=\"_ _3\"></span>equity<span class=\"_ _4\"></span>. If an interest payment is not<span class=\"_ _36a\"> </span>made, it is cancelled and it shall not accumulate or be pa<span class=\"_ _3\"></span>yable at an<span class=\"_ _3\"></span>y time thereafter<span class=\"_ _4\"></span>.<span class=\"_ _36a\"> </span>The <span class=\"_ _2f\"></span>Tier 1 Notes are listed on the Official List <span class=\"_ _3\"></span>of Euronext Dublin and trade <span class=\"_ _3\"></span>on the Global Exchange<span class=\"_ _36a\"> </span>Market <span class=\"_ _3\"></span>of Euronext Dublin and ha<span class=\"_ _4\"></span>ve a rating of BBB-, as published b<span class=\"_ _3\"></span>y Fitch Ratings Limited. <span class=\"_ _2f\"></span>They ha<span class=\"_ _4\"></span>ve<span class=\"_ _36a\"> </span>an initial coupon of 8.5%, with the <span class=\"_ _3\"></span>earliest date for redemption <span class=\"_ _3\"></span>of the Notes being 1 A<span class=\"_ _4\"></span>ugust 2030. <span class=\"_ _7\"> </span>H2 <span class=\"_ _6\"></span>Other reserv<span class=\"_ _3\"></span>es<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _7e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Capital <span class=\"_ _c\"></span>redemption <span class=\"_ _c\"></span>reserve <span class=\"_ _215\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _86\"> </span>0.1<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>reserve <span class=\"_ _10b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _119\"> </span>1<span class=\"_ _c\"></span>1.1  <span class=\"_ _134\"> </span>(9.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>items <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>comprehensiv<span class=\"_ _4\"></span>e <span class=\"_ _6\"></span>income <span class=\"_ _127\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>3.0  <span class=\"_ _e9\"> </span>0.9<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>14<span class=\"_ _6\"></span>.2  <span class=\"_ _e8\"> </span>(8<span class=\"_ _6\"></span>.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>oreign e<span class=\"_ _4\"></span>xchange translation reserve represents the cumulative impact <span class=\"_ _4\"></span>of ex<span class=\"_ _3\"></span>change diff<span class=\"_ _3\"></span>erences<span class=\"_ _36a\"> </span>arising on translation <span class=\"_ _3\"></span>of the financial results of <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>erseas subsid<span class=\"_ _c\"></span>iaries to sterling, with these ex<span class=\"_ _3\"></span>change<span class=\"_ _36a\"> </span>diff<span class=\"_ _3\"></span>erences reported as other comprehensiv<span class=\"_ _3\"></span>e income within each reporting period. <span class=\"_ _2f\"></span>The mo<span class=\"_ _3\"></span>vement<span class=\"_ _36a\"> </span>in the <span class=\"_ _4\"></span>year is due to the strengthening <span class=\"_ _3\"></span>of sterling against the euro and <span class=\"_ _4\"></span>Swedish krona.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>oreign e<span class=\"_ _4\"></span>xchange translation reserve includes \u00a30.<span class=\"_ _4\"></span>1m for the portion of the gain <span class=\"_ _3\"></span>or loss on the<span class=\"_ _36a\"> </span>hedging instrument that is determined to be an eff<span class=\"_ _4\"></span>ective hedge. <span class=\"_ _2f\"></span>The hedging relationship was<span class=\"_ _36a\"> </span>designated in December 2025.<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-446": {
   "value": " <span class=\"_ _7\"> </span>H1 <span class=\"_ _6\"></span>Share capital and shar<span class=\"_ _4\"></span>e premium<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _bd\"> </span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _26\"> </span>  <span class=\"_ _19e\"> </span>Number  <span class=\"_ _ec\"> </span>Share  <span class=\"_ _3b\"> </span>N<span class=\"_ _c\"></span>umber  <span class=\"_ _13a\"> </span>S<span class=\"_ _c\"></span>hare <span class=\"_ _171\"> </span>  <span class=\"_ _109\"> </span>of <span class=\"_ _c\"></span>share<span class=\"_ _c\"></span>s  <span class=\"_ _155\"> </span>c<span class=\"_ _c\"></span>apital  <span class=\"_ _14c\"> </span>of <span class=\"_ _6\"></span>shares  <span class=\"_ _155\"> </span>c<span class=\"_ _c\"></span>apital <span class=\"_ _171\"> </span>  <span class=\"_ _115\"> </span>i<span class=\"_ _c\"></span>ssued  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f0\"> </span>is<span class=\"_ _c\"></span>sued  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Sha<span class=\"_ _c\"></span>re <span class=\"_ _6\"></span>cap<span class=\"_ _c\"></span>ita<span class=\"_ _c\"></span>l <span class=\"_ _69\"> </span>  <span class=\"_ _1fa\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>0,<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>9,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8  <span class=\"_ _134\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>5  <span class=\"_ _10\"> </span>15<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>99<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>,0<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9  <span class=\"_ _215\"> </span>7.<span class=\"_ _c\"></span>5 <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _ec\"> </span>Share  <span class=\"_ _51\"> </span>  <span class=\"_ _ec\"> </span>Share <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _2\"> </span>premium  <span class=\"_ _51\"> </span>  <span class=\"_ _2\"> </span>pre<span class=\"_ _c\"></span>mium <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _51\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _42\"> </span>2<span class=\"_ _c\"></span>70.<span class=\"_ _c\"></span>9  <span class=\"_ _61\"> </span>  <span class=\"_ _f2\"> </span>142<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _140\"> </span>Merger  <span class=\"_ _51\"> </span>  <span class=\"_ _e3\"> </span>Merger <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _5e\"> </span>r<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ve  <span class=\"_ _61\"> </span>  <span class=\"_ _5e\"> </span>res<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ve <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _51\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _11c\"> </span>36<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _51\"> </span>  <span class=\"_ _11c\"> </span>36<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>The number <span class=\"_ _3\"></span>of shares in issue at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date included 365,705 shares held in treasury (31 <span class=\"_ _4\"></span>December 2024: nil) with a value <span class=\"_ _3\"></span>of \u00a31<span class=\"_ _2f\"></span>.0m (31 December 2024: nil). <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>reasury shares relate to shares held by the Emplo<span class=\"_ _3\"></span>yee B<span class=\"_ _3\"></span>enefit <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>rust.<span class=\"_ _36a\"> </span>The number <span class=\"_ _3\"></span>of shares in issue increased due to a fully underwritten rights issue on the basis <span class=\"_ _4\"></span>of 1<span class=\"_ _4\"></span>0<span class=\"_ _36a\"> </span>new ordinary shares for ev<span class=\"_ _3\"></span>ery 1<span class=\"_ _3\"></span>9 existing ordinary shares.<span class=\"_ _36a\"> </span>The merger reserv<span class=\"_ _3\"></span>e is for presentation purposes <span class=\"_ _3\"></span>only in order to sho<span class=\"_ _4\"></span>w the correct share capital of<span class=\"_ _36a\"> </span>Chesnara plc follo<span class=\"_ _3\"></span>wing the rev<span class=\"_ _3\"></span>erse acquisition in 2004.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": " <span class=\"_ _7\"> </span>H1 <span class=\"_ _6\"></span>Share capital and shar<span class=\"_ _4\"></span>e premium<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _bd\"> </span>20<span class=\"_ _c\"></span>2<span class=\"_ _c\"></span>5 2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>31 <span class=\"_ _6\"></span>December <span class=\"_ _26\"> </span>  <span class=\"_ _19e\"> </span>Number  <span class=\"_ _ec\"> </span>Share  <span class=\"_ _3b\"> </span>N<span class=\"_ _c\"></span>umber  <span class=\"_ _13a\"> </span>S<span class=\"_ _c\"></span>hare <span class=\"_ _171\"> </span>  <span class=\"_ _109\"> </span>of <span class=\"_ _c\"></span>share<span class=\"_ _c\"></span>s  <span class=\"_ _155\"> </span>c<span class=\"_ _c\"></span>apital  <span class=\"_ _14c\"> </span>of <span class=\"_ _6\"></span>shares  <span class=\"_ _155\"> </span>c<span class=\"_ _c\"></span>apital <span class=\"_ _171\"> </span>  <span class=\"_ _115\"> </span>i<span class=\"_ _c\"></span>ssued  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f0\"> </span>is<span class=\"_ _c\"></span>sued  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Sha<span class=\"_ _c\"></span>re <span class=\"_ _6\"></span>cap<span class=\"_ _c\"></span>ita<span class=\"_ _c\"></span>l <span class=\"_ _69\"> </span>  <span class=\"_ _1fa\"> </span>2<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>0,<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>9<span class=\"_ _c\"></span>9,<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>4<span class=\"_ _c\"></span>8  <span class=\"_ _134\"> </span>1<span class=\"_ _6\"></span>1.<span class=\"_ _6\"></span>5  <span class=\"_ _10\"> </span>15<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>99<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>,0<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>9  <span class=\"_ _215\"> </span>7.<span class=\"_ _c\"></span>5 <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _ec\"> </span>Share  <span class=\"_ _51\"> </span>  <span class=\"_ _ec\"> </span>Share <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _2\"> </span>premium  <span class=\"_ _51\"> </span>  <span class=\"_ _2\"> </span>pre<span class=\"_ _c\"></span>mium <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _51\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _42\"> </span>2<span class=\"_ _c\"></span>70.<span class=\"_ _c\"></span>9  <span class=\"_ _61\"> </span>  <span class=\"_ _f2\"> </span>142<span class=\"_ _6\"></span>.<span class=\"_ _c\"></span>5 <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _140\"> </span>Merger  <span class=\"_ _51\"> </span>  <span class=\"_ _e3\"> </span>Merger <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _5e\"> </span>r<span class=\"_ _c\"></span>es<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ve  <span class=\"_ _61\"> </span>  <span class=\"_ _5e\"> </span>res<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ve <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _51\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m <span class=\"_ _171\"> </span>  <span class=\"_ _73\"> </span>  <span class=\"_ _11c\"> </span>36<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3  <span class=\"_ _51\"> </span>  <span class=\"_ _11c\"> </span>36<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>3<span class=\"_ _36a\"> </span>The number <span class=\"_ _3\"></span>of shares in issue at the <span class=\"_ _4\"></span>year<span class=\"_ _2f\"></span>-end date included 365,705 shares held in treasury (31 <span class=\"_ _4\"></span>December 2024: nil) with a value <span class=\"_ _3\"></span>of \u00a31<span class=\"_ _2f\"></span>.0m (31 December 2024: nil). <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>reasury shares relate to shares held by the Emplo<span class=\"_ _3\"></span>yee B<span class=\"_ _3\"></span>enefit <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>rust.<span class=\"_ _36a\"> </span>The number <span class=\"_ _3\"></span>of shares in issue increased due to a fully underwritten rights issue on the basis <span class=\"_ _4\"></span>of 1<span class=\"_ _4\"></span>0<span class=\"_ _36a\"> </span>new ordinary shares for ev<span class=\"_ _3\"></span>ery 1<span class=\"_ _3\"></span>9 existing ordinary shares.<span class=\"_ _36a\"> </span>The merger reserv<span class=\"_ _3\"></span>e is for presentation purposes <span class=\"_ _3\"></span>only in order to sho<span class=\"_ _4\"></span>w the correct share capital of<span class=\"_ _36a\"> </span>Chesnara plc follo<span class=\"_ _3\"></span>wing the rev<span class=\"_ _3\"></span>erse acquisition in 2004. <span class=\"_ _7\"> </span>H2 <span class=\"_ _6\"></span>Other reserv<span class=\"_ _3\"></span>es<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _7e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>31 <span class=\"_ _c\"></span>D<span class=\"_ _c\"></span>ecember <span class=\"_ _165\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Capital <span class=\"_ _c\"></span>redemption <span class=\"_ _c\"></span>reserve <span class=\"_ _215\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _86\"> </span>0.1<span class=\"_ _36a\"> </span>Foreign exchange <span class=\"_ _c\"></span>translation <span class=\"_ _c\"></span>reserve <span class=\"_ _10b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _119\"> </span>1<span class=\"_ _c\"></span>1.1  <span class=\"_ _134\"> </span>(9.4 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Other <span class=\"_ _c\"></span>items <span class=\"_ _c\"></span>of <span class=\"_ _6\"></span>comprehensiv<span class=\"_ _4\"></span>e <span class=\"_ _6\"></span>income <span class=\"_ _127\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e5\"> </span>3.0  <span class=\"_ _e9\"> </span>0.9<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e8\"> </span>14<span class=\"_ _6\"></span>.2  <span class=\"_ _e8\"> </span>(8<span class=\"_ _6\"></span>.4 <span class=\"_ _2f\"></span>)<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>oreign e<span class=\"_ _4\"></span>xchange translation reserve represents the cumulative impact <span class=\"_ _4\"></span>of ex<span class=\"_ _3\"></span>change diff<span class=\"_ _3\"></span>erences<span class=\"_ _36a\"> </span>arising on translation <span class=\"_ _3\"></span>of the financial results of <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>erseas subsid<span class=\"_ _c\"></span>iaries to sterling, with these ex<span class=\"_ _3\"></span>change<span class=\"_ _36a\"> </span>diff<span class=\"_ _3\"></span>erences reported as other comprehensiv<span class=\"_ _3\"></span>e income within each reporting period. <span class=\"_ _2f\"></span>The mo<span class=\"_ _3\"></span>vement<span class=\"_ _36a\"> </span>in the <span class=\"_ _4\"></span>year is due to the strengthening <span class=\"_ _3\"></span>of sterling against the euro and <span class=\"_ _4\"></span>Swedish krona.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>oreign e<span class=\"_ _4\"></span>xchange translation reserve includes \u00a30.<span class=\"_ _4\"></span>1m for the portion of the gain <span class=\"_ _3\"></span>or loss on the<span class=\"_ _36a\"> </span>hedging instrument that is determined to be an eff<span class=\"_ _4\"></span>ective hedge. <span class=\"_ _2f\"></span>The hedging relationship was<span class=\"_ _36a\"> </span>designated in December 2025.<span class=\"_ _36a\"> </span>H3 <span class=\"_ _6\"></span>Retained earnings<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _7e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Retained earnings attr<span class=\"_ _3\"></span>ibutable to equity holders of the Parent C<span class=\"_ _4\"></span>ompany comprise:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _41\"> </span>13<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _f2\"> </span>1<span class=\"_ _c\"></span>67.0<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>ofit/(loss) <span class=\"_ _c\"></span>for <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>year <span class=\"_ _50\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _132\"> </span>(10.4 <span class=\"_ _9\"></span>) <span class=\"_ _215\"> </span>3.9<span class=\"_ _36a\"> </span>Share-based <span class=\"_ _c\"></span>payment <span class=\"_ _113\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _119\"> </span>2<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Dividends<span class=\"_ _36a\"> </span>Final <span class=\"_ _c\"></span>approved and <span class=\"_ _6\"></span>paid <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>2023 <span class=\"_ _b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11c\"> </span>(23.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Interim appr<span class=\"_ _3\"></span>oved and paid f<span class=\"_ _3\"></span>or 2024 <span class=\"_ _10b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _132\"> </span>(13.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Final appro<span class=\"_ _3\"></span>ved and paid for 2024 <span class=\"_ _11\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _d3\"> </span>(2<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.3 <span class=\"_ _9\"></span>) <span class=\"_ _85\"> </span>\u2013<span class=\"_ _36a\"> </span>Interim appr<span class=\"_ _3\"></span>oved and paid f<span class=\"_ _3\"></span>or 2025 <span class=\"_ _114\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e8\"> </span>(17<span class=\"_ _3\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _85\"> </span>\u2013<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>83<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _41\"> </span>13<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>A final dividend of 1<span class=\"_ _4\"></span>4.80p per share in respect of the <span class=\"_ _5\"></span>year ended 31 December 2025 pa<span class=\"_ _3\"></span>yable <span class=\"_ _3\"></span>on 20 May 2026 to <span class=\"_ _3\"></span>equity shareholders of the P<span class=\"_ _4\"></span>arent Company registered at the close of business <span class=\"_ _3\"></span>on<span class=\"_ _36a\"> </span>7 April 2026, the dividend record date, w<span class=\"_ _4\"></span>as approved by the directors after the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>resulting total final dividend of \u00a334.2m has not been pro<span class=\"_ _3\"></span>vided for in these financial statements and<span class=\"_ _36a\"> </span>there are no income tax consequences.<span class=\"_ _36a\"> </span>The interim dividend in respect <span class=\"_ _3\"></span>of 2025, approv<span class=\"_ _3\"></span>ed and paid in 2025, was paid at the rate <span class=\"_ _4\"></span>of 7<span class=\"_ _8\"></span>.70p<span class=\"_ _36a\"> </span>per share to equity shareholders <span class=\"_ _3\"></span>of the P<span class=\"_ _3\"></span>arent Company registered at the close <span class=\"_ _3\"></span>of business on 5 <span class=\"_ _3\"></span>September 2025, the dividend record date.<span class=\"_ _36a\"> </span>The interim dividend in respect <span class=\"_ _3\"></span>of 2024, approv<span class=\"_ _3\"></span>ed and paid in 2024, was paid at the rate <span class=\"_ _4\"></span>of 8.61<span class=\"_ _5\"></span>p<span class=\"_ _36a\"> </span>per share. <span class=\"_ _2f\"></span>The final dividend in respect of 2024, appro<span class=\"_ _3\"></span>ved and paid in 2025, w<span class=\"_ _3\"></span>as paid at the rate of 1<span class=\"_ _4\"></span>6.08p per share so that the total dividend paid to the equity shareholders of the P<span class=\"_ _3\"></span>arent Company<span class=\"_ _36a\"> </span>in respect of the <span class=\"_ _5\"></span>year ended 3<span class=\"_ _4\"></span>1 December 2024 was made at the rate <span class=\"_ _3\"></span>of 24.69p per share.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing summarises dividends per share in respect <span class=\"_ _3\"></span>of the <span class=\"_ _4\"></span>year <span class=\"_ _4\"></span>ended 31 December 2025 and<span class=\"_ _36a\"> </span>3<span class=\"_ _4\"></span>1 December 2024:<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _85\"> </span>P  <span class=\"_ _11a\"> </span>P<span class=\"_ _36a\"> </span>Interim \u2013 <span class=\"_ _6\"></span>appro<span class=\"_ _3\"></span>ved <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>paid <span class=\"_ _11d\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>7<span class=\"_ _3\"></span>.70  <span class=\"_ _3f\"> </span>8.61<span class=\"_ _36a\"> </span>Final <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>proposed/<span class=\"_ _4\"></span>paid <span class=\"_ _1f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ef\"> </span>14<span class=\"_ _c\"></span>.80  <span class=\"_ _2a\"> </span>16<span class=\"_ _c\"></span>.08<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _42\"> </span><span><span class=\"gs11\" id=\"__134\">2 2 .  50</span></span>  <span class=\"_ _29\"> </span><span><span class=\"gs7\" id=\"__135\">24 .6 9</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-447": {
   "value": "<span class=\"_ _7\"> </span>H3 <span class=\"_ _6\"></span>Retained earnings<span class=\"_ _36a\"> </span>Gro<span class=\"_ _c\"></span>up <span class=\"_ _7e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Retained earnings attr<span class=\"_ _3\"></span>ibutable to equity holders of the Parent C<span class=\"_ _4\"></span>ompany comprise:<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>1 <span class=\"_ _c\"></span>Ja<span class=\"_ _c\"></span>nua<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y <span class=\"_ _61\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _41\"> </span>13<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _f2\"> </span>1<span class=\"_ _c\"></span>67.0<span class=\"_ _36a\"> </span>Pr<span class=\"_ _3\"></span>ofit/(loss) <span class=\"_ _c\"></span>for <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>year <span class=\"_ _50\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _132\"> </span>(10.4 <span class=\"_ _9\"></span>) <span class=\"_ _215\"> </span>3.9<span class=\"_ _36a\"> </span>Share-based <span class=\"_ _c\"></span>payment <span class=\"_ _113\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _134\"> </span>(0.5 <span class=\"_ _2f\"></span>) <span class=\"_ _119\"> </span>2<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Dividends<span class=\"_ _36a\"> </span>Final <span class=\"_ _c\"></span>approved and <span class=\"_ _6\"></span>paid <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>2023 <span class=\"_ _b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _11c\"> </span>(23.5 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Interim appr<span class=\"_ _3\"></span>oved and paid f<span class=\"_ _3\"></span>or 2024 <span class=\"_ _10b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _132\"> </span>(13.0 <span class=\"_ _9\"></span>)<span class=\"_ _36a\"> </span>Final appro<span class=\"_ _3\"></span>ved and paid for 2024 <span class=\"_ _11\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _d3\"> </span>(2<span class=\"_ _4\"></span>4<span class=\"_ _c\"></span>.3 <span class=\"_ _9\"></span>) <span class=\"_ _85\"> </span>\u2013<span class=\"_ _36a\"> </span>Interim appr<span class=\"_ _3\"></span>oved and paid f<span class=\"_ _3\"></span>or 2025 <span class=\"_ _114\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e8\"> </span>(17<span class=\"_ _3\"></span>.7 <span class=\"_ _8\"></span>) <span class=\"_ _85\"> </span>\u2013<span class=\"_ _36a\"> </span>Ba<span class=\"_ _c\"></span>lanc<span class=\"_ _c\"></span>e <span class=\"_ _6\"></span>at <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>Dec<span class=\"_ _c\"></span>emb<span class=\"_ _c\"></span>er <span class=\"_ _124\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11c\"> </span>83<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>6  <span class=\"_ _41\"> </span>13<span class=\"_ _c\"></span>6<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>A final dividend of 1<span class=\"_ _4\"></span>4.80p per share in respect of the <span class=\"_ _5\"></span>year ended 31 December 2025 pa<span class=\"_ _3\"></span>yable <span class=\"_ _3\"></span>on 20 May 2026 to <span class=\"_ _3\"></span>equity shareholders of the P<span class=\"_ _4\"></span>arent Company registered at the close of business <span class=\"_ _3\"></span>on<span class=\"_ _36a\"> </span>7 April 2026, the dividend record date, w<span class=\"_ _4\"></span>as approved by the directors after the <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>resulting total final dividend of \u00a334.2m has not been pro<span class=\"_ _3\"></span>vided for in these financial statements and<span class=\"_ _36a\"> </span>there are no income tax consequences.<span class=\"_ _36a\"> </span>The interim dividend in respect <span class=\"_ _3\"></span>of 2025, approv<span class=\"_ _3\"></span>ed and paid in 2025, was paid at the rate <span class=\"_ _4\"></span>of 7<span class=\"_ _8\"></span>.70p<span class=\"_ _36a\"> </span>per share to equity shareholders <span class=\"_ _3\"></span>of the P<span class=\"_ _3\"></span>arent Company registered at the close <span class=\"_ _3\"></span>of business on 5 <span class=\"_ _3\"></span>September 2025, the dividend record date.<span class=\"_ _36a\"> </span>The interim dividend in respect <span class=\"_ _3\"></span>of 2024, approv<span class=\"_ _3\"></span>ed and paid in 2024, was paid at the rate <span class=\"_ _4\"></span>of 8.61<span class=\"_ _5\"></span>p<span class=\"_ _36a\"> </span>per share. <span class=\"_ _2f\"></span>The final dividend in respect of 2024, appro<span class=\"_ _3\"></span>ved and paid in 2025, w<span class=\"_ _3\"></span>as paid at the rate of 1<span class=\"_ _4\"></span>6.08p per share so that the total dividend paid to the equity shareholders of the P<span class=\"_ _3\"></span>arent Company<span class=\"_ _36a\"> </span>in respect of the <span class=\"_ _5\"></span>year ended 3<span class=\"_ _4\"></span>1 December 2024 was made at the rate <span class=\"_ _3\"></span>of 24.69p per share.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing summarises dividends per share in respect <span class=\"_ _3\"></span>of the <span class=\"_ _4\"></span>year <span class=\"_ _4\"></span>ended 31 December 2025 and<span class=\"_ _36a\"> </span>3<span class=\"_ _4\"></span>1 December 2024:<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _85\"> </span>P  <span class=\"_ _11a\"> </span>P<span class=\"_ _36a\"> </span>Interim \u2013 <span class=\"_ _6\"></span>appro<span class=\"_ _3\"></span>ved <span class=\"_ _c\"></span>and <span class=\"_ _c\"></span>paid <span class=\"_ _11d\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>7<span class=\"_ _3\"></span>.70  <span class=\"_ _3f\"> </span>8.61<span class=\"_ _36a\"> </span>Final <span class=\"_ _c\"></span>\u2013 <span class=\"_ _c\"></span>proposed/<span class=\"_ _4\"></span>paid <span class=\"_ _1f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ef\"> </span>14<span class=\"_ _c\"></span>.80  <span class=\"_ _2a\"> </span>16<span class=\"_ _c\"></span>.08<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _42\"> </span><span><span class=\"gs11\" id=\"__134\">2 2 .  50</span></span>  <span class=\"_ _29\"> </span><span><span class=\"gs7\" id=\"__135\">24 .6 9</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "22.5",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-467": {
   "value": "24.69",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-448": {
   "value": "<div class=\"t m1 h13 ff35 fsc fc2 sc0 ls1 ws1 gs21f\"> <span class=\"_ _2\"> </span>I1 <span class=\"_ _6\"></span>Emplo<span class=\"_ _3\"></span>yee benefit expense,<span class=\"_ _4\"></span> including directors<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs220\">Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _b0\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _eb\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>Group  <span class=\"_ _167\"> </span>  </div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls1 ws76 gs221\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>U<span class=\"_ _c\"></span>K  <span class=\"_ _3a\"> </span>Swede<span class=\"_ _c\"></span>n  <span class=\"_ _22b\"> </span>N<span class=\"_ _c\"></span>eth<span class=\"_ _c\"></span>erl<span class=\"_ _c\"></span>and<span class=\"_ _c\"></span>s  <span class=\"_ _ea\"> </span>ac<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>tie<span class=\"_ _c\"></span>s  <span class=\"_ _112\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _104\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4</div><div class=\"t m1 h9 ff32 fs6 fc1 sc0 ls18 ws183 gs222\"> <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs223\">W<span class=\"_ _4\"></span>ages <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>salaries <span class=\"_ _1cb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8f\"> </span>7<span class=\"_ _4\"></span>.5  <span class=\"_ _8e\"> </span>8<span class=\"_ _c\"></span>.5  <span class=\"_ _1f\"> </span>12.4  <span class=\"_ _1c1\"> </span>9.0  <span class=\"_ _61\"> </span>37.<span class=\"_ _3\"></span>4  <span class=\"_ _16b\"> </span>32.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs224\">Social <span class=\"_ _c\"></span>security <span class=\"_ _c\"></span>costs <span class=\"_ _228\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>0.9  <span class=\"_ _8a\"> </span>3.2  <span class=\"_ _3d\"> </span>1.5  <span class=\"_ _96\"> </span>1.0  <span class=\"_ _8e\"> </span>6.6  <span class=\"_ _8e\"> </span>6<span class=\"_ _c\"></span>.2<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs225\">Pension <span class=\"_ _c\"></span>costs-defined <span class=\"_ _c\"></span>contribution <span class=\"_ _c\"></span>plans <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _16f\"> </span>3.5  <span class=\"_ _3d\"> </span>1.6  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _166\"> </span>6<span class=\"_ _c\"></span>.0  <span class=\"_ _5c\"> </span>4.8<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs226\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _10d\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _10f\"> </span>5<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.0  <span class=\"_ _61\"> </span>4<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs227\">Monthly average number of emplo<span class=\"_ _3\"></span>yees<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs228\">Compan<span class=\"_ _3\"></span>y <span class=\"_ _249\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _9e\"> </span>86  <span class=\"_ _19b\"> </span>82<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff34 fs6 fc7 sc0 ls1 ws184 gs229\">Subsidiaries <span class=\"_ _24a\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>260  <span class=\"_ _16b\"> </span>273<span class=\"_ _36a\"> </span></div><div class=\"t m1 h9 ff32 fs6 fc25 sc0 ls1 ws76 gs22a\">T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _116\"> </span>34<span class=\"_ _c\"></span>6  <span class=\"_ _115\"> </span>35<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span></div>Directors<span class=\"_ _36a\"> </span>The Directors<span class=\"_ _4\"></span>\u2019 Remuneration Report and Note I2 pro<span class=\"_ _4\"></span>vides detail of compensation to directors of<span class=\"_ _36a\"> </span>the Company<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>UK<span class=\"_ _36a\"> </span>UK-based emplo<span class=\"_ _3\"></span>yees are all <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ed by Chesnara plc.<span class=\"_ _36a\"> </span>At the end <span class=\"_ _3\"></span>of May 2005, the Group allow<span class=\"_ _3\"></span>ed eligible <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ees to enter a pension scheme known as<span class=\"_ _36a\"> </span>the Chesnara plc <span class=\"_ _3\"></span>Stakeholder <span class=\"_ _4\"></span>Scheme, on a basis where emplo<span class=\"_ _4\"></span>yer contributions are made to the<span class=\"_ _36a\"> </span>Scheme at the same rate as would be pa<span class=\"_ _3\"></span>yable had their membership <span class=\"_ _3\"></span>of their predecessor scheme<span class=\"_ _36a\"> </span>continued, provided that <span class=\"_ _3\"></span>employ<span class=\"_ _3\"></span>ee contributions also continued to be made at the same rate. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>employ<span class=\"_ _3\"></span>ee may <span class=\"_ _4\"></span>opt to request t<span class=\"_ _c\"></span>he Company to pa<span class=\"_ _4\"></span>y employer contributions into a personal pension<span class=\"_ _36a\"> </span>plan, in which instance, emplo<span class=\"_ _3\"></span>yer contributions will be made <span class=\"_ _3\"></span>on the same terms as for the<span class=\"_ _36a\"> </span>Chesnara <span class=\"_ _c\"></span>plc Stakeholder Scheme.<span class=\"_ _36a\"> </span>The Group has, f<span class=\"_ _3\"></span>or the period cov<span class=\"_ _3\"></span>ered by these financial statements, <span class=\"_ _4\"></span>only made contributions to<span class=\"_ _36a\"> </span>defined contribution plans to provide pension benefits f<span class=\"_ _3\"></span>or emplo<span class=\"_ _4\"></span>yees upon retirement and, otherwise,<span class=\"_ _36a\"> </span>has no residual obligation <span class=\"_ _3\"></span>or commitments in respect of an<span class=\"_ _3\"></span>y defined benefit scheme.<span class=\"_ _36a\"> </span>The Group has <span class=\"_ _3\"></span>established framew<span class=\"_ _3\"></span>orks for appro<span class=\"_ _4\"></span>ved and unapprov<span class=\"_ _3\"></span>ed discretionary share option<span class=\"_ _36a\"> </span>plans which may<span class=\"_ _5\"></span>, at the discretion of the Remuneration Committee, be utilised f<span class=\"_ _3\"></span>or granting options<span class=\"_ _36a\"> </span>to e<span class=\"_ _3\"></span>xecutiv<span class=\"_ _3\"></span>e directors and to other Group <span class=\"_ _4\"></span>employees. Options hav<span class=\"_ _4\"></span>e been granted to ex<span class=\"_ _3\"></span>ecutive<span class=\"_ _36a\"> </span>directors in the period, in relation to the share-based payment components <span class=\"_ _3\"></span>of the new <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>ecutive<span class=\"_ _36a\"> </span>incentive schemes that w<span class=\"_ _3\"></span>as introduced under the 201<span class=\"_ _4\"></span>4 terms. F<span class=\"_ _3\"></span>urther details can be found in the<span class=\"_ _36a\"> </span>Directors<span class=\"_ _3\"></span>\u2019 Remuneration R<span class=\"_ _3\"></span>eport section and in Note I2 \u2013 <span class=\"_ _4\"></span>Share-based payments.<span class=\"_ _36a\"> </span>Netherlands<span class=\"_ _36a\"> </span>Scildon had a defined benefit plan which was closed and transf<span class=\"_ _4\"></span>erred into a defined contribution<span class=\"_ _36a\"> </span>pension plan during 20<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>9. <span class=\"_ _5\"></span>The defined benefit pension scheme was administered b<span class=\"_ _4\"></span>y Stichting<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ensionfonds Legal &amp; General Nederland. <span class=\"_ _2f\"></span>The Compan<span class=\"_ _3\"></span>y had agreed to contribute to the premium<span class=\"_ _36a\"> </span>for the unconditional part <span class=\"_ _3\"></span>of the pension. <span class=\"_ _2f\"></span>The Company paid a contribution to the <span class=\"_ _4\"></span>Scheme and<span class=\"_ _36a\"> </span>subsequently had no further financial obligations with respect to this part <span class=\"_ _3\"></span>of the <span class=\"_ _3\"></span>Scheme. During<span class=\"_ _36a\"> </span>20<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>9, a new defined contribution pension scheme was <span class=\"_ _3\"></span>established for the benefit <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>Scildon<span class=\"_ _36a\"> </span>employ<span class=\"_ _3\"></span>ees. A<span class=\"_ _4\"></span>s a resul<span class=\"_ _c\"></span>t of the Conserv<span class=\"_ _3\"></span>atrix acquisition, the Group assumed the obligations under a defined benefit pension scheme for a small number <span class=\"_ _3\"></span>of former Conserv<span class=\"_ _3\"></span>atrix emplo<span class=\"_ _4\"></span>yees. <span class=\"_ _5\"></span>This<span class=\"_ _36a\"> </span>scheme is closed to new <span class=\"_ _3\"></span>entrants with no further benefits accruing and as such the <span class=\"_ _3\"></span>exposure f<span class=\"_ _3\"></span>or the<span class=\"_ _36a\"> </span>Group is limited to the longevity risk <span class=\"_ _3\"></span>of the contracts. <span class=\"_ _2f\"></span>The benefits to be paid to the former <span class=\"_ _3\"></span>employ<span class=\"_ _3\"></span>ees<span class=\"_ _36a\"> </span>are no longer impacted by inde<span class=\"_ _3\"></span>xation and it is not e<span class=\"_ _3\"></span>xpected that this plan will hav<span class=\"_ _3\"></span>e a material impact<span class=\"_ _36a\"> </span>on future cash flows. <span class=\"_ _2f\"></span>The liability is v<span class=\"_ _3\"></span>alued under IAS 1<span class=\"_ _4\"></span>9 and reported under \u2018Other provisions<span class=\"_ _4\"></span>\u2019 in<span class=\"_ _36a\"> </span>the <span class=\"_ _3\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition.<span class=\"_ _36a\"> </span>Sw<span class=\"_ _4\"></span>eden<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>edish business participates in a combined defined benefit and defined contribution scheme operated b<span class=\"_ _3\"></span>y F<span class=\"_ _4\"></span>\u00f6rs\u00e4kringsbranschens Pensionskassa, \u2018FPK\u2019 (the <span class=\"_ _4\"></span>Scheme) issues an audited<span class=\"_ _36a\"> </span>annual report (under <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>edish law<span class=\"_ _3\"></span>-limited IFRS) <span class=\"_ _3\"></span>each <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>The <span class=\"_ _4\"></span>Scheme is a multi-employer<span class=\"_ _36a\"> </span>scheme with participants including other <span class=\"_ _4\"></span>Swedish insurance companies not related to the Group.<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>Scheme provides, for those born in 1<span class=\"_ _4\"></span>97<span class=\"_ _4\"></span>1 or earlier<span class=\"_ _5\"></span>, benefits to employ<span class=\"_ _3\"></span>ees which are linked to their final salary and to the amount of time w<span class=\"_ _3\"></span>orking for companies which are members <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>Scheme. F<span class=\"_ _3\"></span>or those emplo<span class=\"_ _3\"></span>yees born in 1<span class=\"_ _4\"></span>972 or later<span class=\"_ _4\"></span>, the <span class=\"_ _3\"></span>Scheme operates <span class=\"_ _3\"></span>on a defined contribution<span class=\"_ _36a\"> </span>basis. A<span class=\"_ _3\"></span>ssets and liabilities are held on a pooled basis and are not allocated b<span class=\"_ _3\"></span>y the <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>rustee to any<span class=\"_ _36a\"> </span>individual company<span class=\"_ _5\"></span>. Consequently<span class=\"_ _4\"></span>, reliable information is not av<span class=\"_ _3\"></span>ailable to account for the <span class=\"_ _4\"></span>Scheme<span class=\"_ _36a\"> </span>as a defined benefit scheme and therefore, in accordance with IA<span class=\"_ _4\"></span>S <span class=\"_ _2f\"></span>19 Emplo<span class=\"_ _4\"></span>yee Benefits, the<span class=\"_ _36a\"> </span>Scheme is accounted for as a defined contribution scheme. Contributions to the <span class=\"_ _4\"></span>Scheme are based<span class=\"_ _36a\"> </span>on the funding recommendations of the independent qualified actuary: the contributions paid to the <span class=\"_ _3\"></span>Scheme subsequent to the acquisition of the <span class=\"_ _4\"></span>Swedish business <span class=\"_ _4\"></span>on 23 July 200<span class=\"_ _c\"></span>9 and up to<span class=\"_ _36a\"> </span>3<span class=\"_ _4\"></span>1 December 2024, totalled \u00a36.4m (SEK 79.0m).<span class=\"_ _36a\"> </span>During 2025 further contributions of \u00a30.4m w<span class=\"_ _3\"></span>ere made (2024: \u00a30.4m).<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ers wit<span class=\"_ _c\"></span>hin the <span class=\"_ _3\"></span>Scheme are collectively responsible f<span class=\"_ _4\"></span>or t<span class=\"_ _c\"></span>he funding of the <span class=\"_ _4\"></span>Scheme as a<span class=\"_ _36a\"> </span>whole and therefore in the <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>ent that other <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ers exit from the <span class=\"_ _4\"></span>Scheme, remaining employ<span class=\"_ _3\"></span>ers<span class=\"_ _36a\"> </span>would be responsible f<span class=\"_ _3\"></span>or the ongoing funding. <span class=\"_ _2f\"></span>The collective nature <span class=\"_ _3\"></span>of the <span class=\"_ _4\"></span>Scheme resul<span class=\"_ _c\"></span>ts in all<span class=\"_ _36a\"> </span>participating entities sharing the actuarial risk associated with the <span class=\"_ _4\"></span>Scheme.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-64": {
   "value": "I1 <span class=\"_ _6\"></span>Emplo<span class=\"_ _3\"></span>yee benefit expense,<span class=\"_ _4\"></span> including directors<span class=\"_ _36a\"> </span>Y<span class=\"_ _3\"></span>ear <span class=\"_ _6\"></span>en<span class=\"_ _c\"></span>ded <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>D<span class=\"_ _c\"></span>ece<span class=\"_ _c\"></span>mb<span class=\"_ _c\"></span>er <span class=\"_ _b0\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _eb\"> </span>O<span class=\"_ _c\"></span>the<span class=\"_ _c\"></span>r <span class=\"_ _6\"></span>Group  <span class=\"_ _167\"> </span>  <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _5c\"> </span>U<span class=\"_ _c\"></span>K  <span class=\"_ _3a\"> </span>Swede<span class=\"_ _c\"></span>n  <span class=\"_ _22b\"> </span>N<span class=\"_ _c\"></span>eth<span class=\"_ _c\"></span>erl<span class=\"_ _c\"></span>and<span class=\"_ _c\"></span>s  <span class=\"_ _ea\"> </span>ac<span class=\"_ _c\"></span>ti<span class=\"_ _c\"></span>vi<span class=\"_ _c\"></span>tie<span class=\"_ _c\"></span>s  <span class=\"_ _112\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _104\"> </span>2<span class=\"_ _c\"></span>02<span class=\"_ _c\"></span>4 <span class=\"_ _1bd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _16b\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _ed\"> </span>\u00a3m  <span class=\"_ _1f\"> </span>\u00a3m<span class=\"_ _36a\"> </span>W<span class=\"_ _4\"></span>ages <span class=\"_ _6\"></span>and <span class=\"_ _c\"></span>salaries <span class=\"_ _1cb\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _8f\"> </span>7<span class=\"_ _4\"></span>.5  <span class=\"_ _8e\"> </span>8<span class=\"_ _c\"></span>.5  <span class=\"_ _1f\"> </span>12.4  <span class=\"_ _1c1\"> </span>9.0  <span class=\"_ _61\"> </span>37.<span class=\"_ _3\"></span>4  <span class=\"_ _16b\"> </span>32.1<span class=\"_ _36a\"> </span>Social <span class=\"_ _c\"></span>security <span class=\"_ _c\"></span>costs <span class=\"_ _228\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _1c1\"> </span>0.9  <span class=\"_ _8a\"> </span>3.2  <span class=\"_ _3d\"> </span>1.5  <span class=\"_ _96\"> </span>1.0  <span class=\"_ _8e\"> </span>6.6  <span class=\"_ _8e\"> </span>6<span class=\"_ _c\"></span>.2<span class=\"_ _36a\"> </span>Pension <span class=\"_ _c\"></span>costs-defined <span class=\"_ _c\"></span>contribution <span class=\"_ _c\"></span>plans <span class=\"_ _159\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _8e\"> </span>0.5  <span class=\"_ _16f\"> </span>3.5  <span class=\"_ _3d\"> </span>1.6  <span class=\"_ _5c\"> </span>0.4  <span class=\"_ _166\"> </span>6<span class=\"_ _c\"></span>.0  <span class=\"_ _5c\"> </span>4.8<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _55\"> </span>8<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>2  <span class=\"_ _116\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>5  <span class=\"_ _10d\"> </span>1<span class=\"_ _c\"></span>0.<span class=\"_ _c\"></span>4  <span class=\"_ _10f\"> </span>5<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>.0  <span class=\"_ _61\"> </span>4<span class=\"_ _c\"></span>3<span class=\"_ _c\"></span>.1<span class=\"_ _36a\"> </span>Monthly average number of emplo<span class=\"_ _3\"></span>yees<span class=\"_ _36a\"> </span>Compan<span class=\"_ _3\"></span>y <span class=\"_ _249\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _9e\"> </span>86  <span class=\"_ _19b\"> </span>82<span class=\"_ _36a\"> </span>Subsidiaries <span class=\"_ _24a\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _115\"> </span>260  <span class=\"_ _16b\"> </span>273<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _1fd\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _16c\"> </span>  <span class=\"_ _167\"> </span>  <span class=\"_ _116\"> </span>34<span class=\"_ _c\"></span>6  <span class=\"_ _115\"> </span>35<span class=\"_ _c\"></span>5<span class=\"_ _36a\"> </span>Directors<span class=\"_ _36a\"> </span>The Directors<span class=\"_ _4\"></span>\u2019 Remuneration Report and Note I2 pro<span class=\"_ _4\"></span>vides detail of compensation to directors of<span class=\"_ _36a\"> </span>the Company<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>UK<span class=\"_ _36a\"> </span>UK-based emplo<span class=\"_ _3\"></span>yees are all <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ed by Chesnara plc.<span class=\"_ _36a\"> </span>At the end <span class=\"_ _3\"></span>of May 2005, the Group allow<span class=\"_ _3\"></span>ed eligible <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ees to enter a pension scheme known as<span class=\"_ _36a\"> </span>the Chesnara plc <span class=\"_ _3\"></span>Stakeholder <span class=\"_ _4\"></span>Scheme, on a basis where emplo<span class=\"_ _4\"></span>yer contributions are made to the<span class=\"_ _36a\"> </span>Scheme at the same rate as would be pa<span class=\"_ _3\"></span>yable had their membership <span class=\"_ _3\"></span>of their predecessor scheme<span class=\"_ _36a\"> </span>continued, provided that <span class=\"_ _3\"></span>employ<span class=\"_ _3\"></span>ee contributions also continued to be made at the same rate. <span class=\"_ _2f\"></span>The<span class=\"_ _36a\"> </span>employ<span class=\"_ _3\"></span>ee may <span class=\"_ _4\"></span>opt to request t<span class=\"_ _c\"></span>he Company to pa<span class=\"_ _4\"></span>y employer contributions into a personal pension<span class=\"_ _36a\"> </span>plan, in which instance, emplo<span class=\"_ _3\"></span>yer contributions will be made <span class=\"_ _3\"></span>on the same terms as for the<span class=\"_ _36a\"> </span>Chesnara <span class=\"_ _c\"></span>plc Stakeholder Scheme.<span class=\"_ _36a\"> </span>The Group has, f<span class=\"_ _3\"></span>or the period cov<span class=\"_ _3\"></span>ered by these financial statements, <span class=\"_ _4\"></span>only made contributions to<span class=\"_ _36a\"> </span>defined contribution plans to provide pension benefits f<span class=\"_ _3\"></span>or emplo<span class=\"_ _4\"></span>yees upon retirement and, otherwise,<span class=\"_ _36a\"> </span>has no residual obligation <span class=\"_ _3\"></span>or commitments in respect of an<span class=\"_ _3\"></span>y defined benefit scheme.<span class=\"_ _36a\"> </span>The Group has <span class=\"_ _3\"></span>established framew<span class=\"_ _3\"></span>orks for appro<span class=\"_ _4\"></span>ved and unapprov<span class=\"_ _3\"></span>ed discretionary share option<span class=\"_ _36a\"> </span>plans which may<span class=\"_ _5\"></span>, at the discretion of the Remuneration Committee, be utilised f<span class=\"_ _3\"></span>or granting options<span class=\"_ _36a\"> </span>to e<span class=\"_ _3\"></span>xecutiv<span class=\"_ _3\"></span>e directors and to other Group <span class=\"_ _4\"></span>employees. Options hav<span class=\"_ _4\"></span>e been granted to ex<span class=\"_ _3\"></span>ecutive<span class=\"_ _36a\"> </span>directors in the period, in relation to the share-based payment components <span class=\"_ _3\"></span>of the new <span class=\"_ _3\"></span>ex<span class=\"_ _3\"></span>ecutive<span class=\"_ _36a\"> </span>incentive schemes that w<span class=\"_ _3\"></span>as introduced under the 201<span class=\"_ _4\"></span>4 terms. F<span class=\"_ _3\"></span>urther details can be found in the<span class=\"_ _36a\"> </span>Directors<span class=\"_ _3\"></span>\u2019 Remuneration R<span class=\"_ _3\"></span>eport section and in Note I2 \u2013 <span class=\"_ _4\"></span>Share-based payments.<span class=\"_ _36a\"> </span>Netherlands<span class=\"_ _36a\"> </span>Scildon had a defined benefit plan which was closed and transf<span class=\"_ _4\"></span>erred into a defined contribution<span class=\"_ _36a\"> </span>pension plan during 20<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>9. <span class=\"_ _5\"></span>The defined benefit pension scheme was administered b<span class=\"_ _4\"></span>y Stichting<span class=\"_ _36a\"> </span>P<span class=\"_ _4\"></span>ensionfonds Legal &amp; General Nederland. <span class=\"_ _2f\"></span>The Compan<span class=\"_ _3\"></span>y had agreed to contribute to the premium<span class=\"_ _36a\"> </span>for the unconditional part <span class=\"_ _3\"></span>of the pension. <span class=\"_ _2f\"></span>The Company paid a contribution to the <span class=\"_ _4\"></span>Scheme and<span class=\"_ _36a\"> </span>subsequently had no further financial obligations with respect to this part <span class=\"_ _3\"></span>of the <span class=\"_ _3\"></span>Scheme. During<span class=\"_ _36a\"> </span>20<span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>9, a new defined contribution pension scheme was <span class=\"_ _3\"></span>established for the benefit <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>Scildon<span class=\"_ _36a\"> </span>employ<span class=\"_ _3\"></span>ees. A<span class=\"_ _4\"></span>s a resul<span class=\"_ _c\"></span>t of the Conserv<span class=\"_ _3\"></span>atrix acquisition, the Group assumed the obligations under a defined benefit pension scheme for a small number <span class=\"_ _3\"></span>of former Conserv<span class=\"_ _3\"></span>atrix emplo<span class=\"_ _4\"></span>yees. <span class=\"_ _5\"></span>This<span class=\"_ _36a\"> </span>scheme is closed to new <span class=\"_ _3\"></span>entrants with no further benefits accruing and as such the <span class=\"_ _3\"></span>exposure f<span class=\"_ _3\"></span>or the<span class=\"_ _36a\"> </span>Group is limited to the longevity risk <span class=\"_ _3\"></span>of the contracts. <span class=\"_ _2f\"></span>The benefits to be paid to the former <span class=\"_ _3\"></span>employ<span class=\"_ _3\"></span>ees<span class=\"_ _36a\"> </span>are no longer impacted by inde<span class=\"_ _3\"></span>xation and it is not e<span class=\"_ _3\"></span>xpected that this plan will hav<span class=\"_ _3\"></span>e a material impact<span class=\"_ _36a\"> </span>on future cash flows. <span class=\"_ _2f\"></span>The liability is v<span class=\"_ _3\"></span>alued under IAS 1<span class=\"_ _4\"></span>9 and reported under \u2018Other provisions<span class=\"_ _4\"></span>\u2019 in<span class=\"_ _36a\"> </span>the <span class=\"_ _3\"></span>Statement of Financial P<span class=\"_ _4\"></span>osition.<span class=\"_ _36a\"> </span>Sw<span class=\"_ _4\"></span>eden<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>Sw<span class=\"_ _3\"></span>edish business participates in a combined defined benefit and defined contribution scheme operated b<span class=\"_ _3\"></span>y F<span class=\"_ _4\"></span>\u00f6rs\u00e4kringsbranschens Pensionskassa, \u2018FPK\u2019 (the <span class=\"_ _4\"></span>Scheme) issues an audited<span class=\"_ _36a\"> </span>annual report (under <span class=\"_ _3\"></span>Sw<span class=\"_ _4\"></span>edish law<span class=\"_ _3\"></span>-limited IFRS) <span class=\"_ _3\"></span>each <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>The <span class=\"_ _4\"></span>Scheme is a multi-employer<span class=\"_ _36a\"> </span>scheme with participants including other <span class=\"_ _4\"></span>Swedish insurance companies not related to the Group.<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>Scheme provides, for those born in 1<span class=\"_ _4\"></span>97<span class=\"_ _4\"></span>1 or earlier<span class=\"_ _5\"></span>, benefits to employ<span class=\"_ _3\"></span>ees which are linked to their final salary and to the amount of time w<span class=\"_ _3\"></span>orking for companies which are members <span class=\"_ _3\"></span>of the<span class=\"_ _36a\"> </span>Scheme. F<span class=\"_ _3\"></span>or those emplo<span class=\"_ _3\"></span>yees born in 1<span class=\"_ _4\"></span>972 or later<span class=\"_ _4\"></span>, the <span class=\"_ _3\"></span>Scheme operates <span class=\"_ _3\"></span>on a defined contribution<span class=\"_ _36a\"> </span>basis. A<span class=\"_ _3\"></span>ssets and liabilities are held on a pooled basis and are not allocated b<span class=\"_ _3\"></span>y the <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>rustee to any<span class=\"_ _36a\"> </span>individual company<span class=\"_ _5\"></span>. Consequently<span class=\"_ _4\"></span>, reliable information is not av<span class=\"_ _3\"></span>ailable to account for the <span class=\"_ _4\"></span>Scheme<span class=\"_ _36a\"> </span>as a defined benefit scheme and therefore, in accordance with IA<span class=\"_ _4\"></span>S <span class=\"_ _2f\"></span>19 Emplo<span class=\"_ _4\"></span>yee Benefits, the<span class=\"_ _36a\"> </span>Scheme is accounted for as a defined contribution scheme. Contributions to the <span class=\"_ _4\"></span>Scheme are based<span class=\"_ _36a\"> </span>on the funding recommendations of the independent qualified actuary: the contributions paid to the <span class=\"_ _3\"></span>Scheme subsequent to the acquisition of the <span class=\"_ _4\"></span>Swedish business <span class=\"_ _4\"></span>on 23 July 200<span class=\"_ _c\"></span>9 and up to<span class=\"_ _36a\"> </span>3<span class=\"_ _4\"></span>1 December 2024, totalled \u00a36.4m (SEK 79.0m).<span class=\"_ _36a\"> </span>During 2025 further contributions of \u00a30.4m w<span class=\"_ _3\"></span>ere made (2024: \u00a30.4m).<span class=\"_ _36a\"> </span>The <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ers wit<span class=\"_ _c\"></span>hin the <span class=\"_ _3\"></span>Scheme are collectively responsible f<span class=\"_ _4\"></span>or t<span class=\"_ _c\"></span>he funding of the <span class=\"_ _4\"></span>Scheme as a<span class=\"_ _36a\"> </span>whole and therefore in the <span class=\"_ _3\"></span>ev<span class=\"_ _3\"></span>ent that other <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ers exit from the <span class=\"_ _4\"></span>Scheme, remaining employ<span class=\"_ _3\"></span>ers<span class=\"_ _36a\"> </span>would be responsible f<span class=\"_ _3\"></span>or the ongoing funding. <span class=\"_ _2f\"></span>The collective nature <span class=\"_ _3\"></span>of the <span class=\"_ _4\"></span>Scheme resul<span class=\"_ _c\"></span>ts in all<span class=\"_ _36a\"> </span>participating entities sharing the actuarial risk associated with the <span class=\"_ _4\"></span>Scheme.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-65": {
   "value": " <span class=\"_ _2\"> </span>I2 <span class=\"_ _6\"></span>Shar<span class=\"_ _4\"></span>e-based payments<span class=\"_ _36a\"> </span>The Group issues <span class=\"_ _3\"></span>equity-settled share-based pa<span class=\"_ _3\"></span>yments to the e<span class=\"_ _4\"></span>xecutive directors and members<span class=\"_ _36a\"> </span>of the senior management team based on the 2023 terms. Equity settled share-based pa<span class=\"_ _3\"></span>yments<span class=\"_ _36a\"> </span>are measured at fair v<span class=\"_ _3\"></span>alue at the date of the grant, and <span class=\"_ _3\"></span>expensed <span class=\"_ _4\"></span>on a straight-line over the v<span class=\"_ _4\"></span>esting<span class=\"_ _36a\"> </span>period, based on the Group\u2019<span class=\"_ _2f\"></span>s estimate of shares that will e<span class=\"_ _4\"></span>ventually vest. <span class=\"_ _2f\"></span>The bonus scheme<span class=\"_ _36a\"> </span>consists of tw<span class=\"_ _3\"></span>o components:<span class=\"_ _36a\"> </span>(a) <span class=\"_ _d\"> </span>Short-T<span class=\"_ _5\"></span>erm Incentive <span class=\"_ _4\"></span>Scheme (STIS)<span class=\"_ _36a\"> </span>(b) <span class=\"_ _14\"> </span>Long-T<span class=\"_ _5\"></span>erm Incentive Plan (L<span class=\"_ _5\"></span>TIP)<span class=\"_ _36a\"> </span>The <span class=\"_ _4\"></span>STIS is based upon a 1 <span class=\"_ _5\"></span>year performance period measured against Cash Generation, EcV Earnings<span class=\"_ _36a\"> </span>and strategic Group objectiv<span class=\"_ _3\"></span>es. In relation to 2025, upon meeting the necessary performance<span class=\"_ _36a\"> </span>targets, the Company granted an a<span class=\"_ _3\"></span>ward in the f<span class=\"_ _3\"></span>orm of a right to receiv<span class=\"_ _4\"></span>e a cash amount of up to<span class=\"_ _36a\"> </span>1<span class=\"_ _4\"></span>00% of the gross salary<span class=\"_ _4\"></span>. In the e<span class=\"_ _3\"></span>vent that the gross cash pa<span class=\"_ _3\"></span>yment due is greater than \u00a320,00<span class=\"_ _c\"></span>0, a mandatory 35% of the cash a<span class=\"_ _3\"></span>ward will be def<span class=\"_ _4\"></span>erred into shares with a vesting period <span class=\"_ _3\"></span>of 3 <span class=\"_ _4\"></span>years.<span class=\"_ _36a\"> </span>Theref<span class=\"_ _3\"></span>ore the aw<span class=\"_ _3\"></span>ard will be 65% settled in cash and 35% settled by a share <span class=\"_ _3\"></span>option aw<span class=\"_ _3\"></span>ard, which<span class=\"_ _36a\"> </span>cannot be e<span class=\"_ _3\"></span>xercised f<span class=\"_ _4\"></span>or 3 <span class=\"_ _4\"></span>years.<span class=\"_ _36a\"> </span>Under the L<span class=\"_ _5\"></span>TIP<span class=\"_ _0\"></span>, options are granted with a vesting period <span class=\"_ _3\"></span>of 3 <span class=\"_ _4\"></span>years. <span class=\"_ _2f\"></span>These a<span class=\"_ _3\"></span>wards are subject to<span class=\"_ _36a\"> </span>performance conditions tied to the Compan<span class=\"_ _3\"></span>y\u2019<span class=\"_ _5\"></span>s financial performance in respect of gro<span class=\"_ _4\"></span>wth in EcV<span class=\"_ _5\"></span>,<span class=\"_ _36a\"> </span>Commercial Cash Generation and <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>otal Shareholder R<span class=\"_ _3\"></span>eturn (TSR).<span class=\"_ _36a\"> </span>F<span class=\"_ _3\"></span>or schemes with market perf<span class=\"_ _3\"></span>ormance criteria, the number of <span class=\"_ _4\"></span>options expected to inv<span class=\"_ _4\"></span>est is adjusted<span class=\"_ _36a\"> </span>only for <span class=\"_ _3\"></span>expectations <span class=\"_ _3\"></span>of leav<span class=\"_ _4\"></span>ers prior to vesting. Fair value of the <span class=\"_ _4\"></span>options is measured by use of the Monte Carlo model at the issuing date.<span class=\"_ _36a\"> </span>The L<span class=\"_ _2f\"></span>TIP targets of EcV growth and Commercial Cash Generation are non-market perf<span class=\"_ _4\"></span>ormance<span class=\"_ _36a\"> </span>conditions and the number of <span class=\"_ _3\"></span>options e<span class=\"_ _3\"></span>xpected to vest is recalculated at <span class=\"_ _3\"></span>each <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date based on <span class=\"_ _3\"></span>expectations <span class=\"_ _3\"></span>of performance against target. <span class=\"_ _2f\"></span>The mo<span class=\"_ _3\"></span>vement in cumulativ<span class=\"_ _4\"></span>e expense since<span class=\"_ _36a\"> </span>the previous <span class=\"_ _5\"></span>year<span class=\"_ _5\"></span>-end date is recognised in the Income <span class=\"_ _3\"></span>Statement, with a corresponding entry in reserves.<span class=\"_ _36a\"> </span>If the options remain une<span class=\"_ _3\"></span>xercised after a period <span class=\"_ _3\"></span>of 1<span class=\"_ _4\"></span>0 <span class=\"_ _5\"></span>years from the date of grant, the options <span class=\"_ _4\"></span>expire.<span class=\"_ _36a\"> </span>F<span class=\"_ _4\"></span>urthermore, options are forf<span class=\"_ _4\"></span>eited if the employ<span class=\"_ _4\"></span>ee leaves the Group before <span class=\"_ _4\"></span>options vest and is<span class=\"_ _36a\"> </span>deemed to be a \u2018Bad L<span class=\"_ _3\"></span>eav<span class=\"_ _4\"></span>er<span class=\"_ _c\"></span>\u2019<span class=\"_ _5\"></span>.  (a) <span class=\"_ _6\"></span>A<span class=\"_ _4\"></span>wards made under the Shor<span class=\"_ _4\"></span>t-T<span class=\"_ _2f\"></span>erm Incentiv<span class=\"_ _3\"></span>e Scheme (S<span class=\"_ _4\"></span>TIS)<span class=\"_ _36a\"> </span>Details of the short-term incentiv<span class=\"_ _3\"></span>e aw<span class=\"_ _3\"></span>ards are as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _36a\"> </span>Short-<span class=\"_ _3\"></span>T<span class=\"_ _4\"></span>erm <span class=\"_ _c\"></span>Incentive <span class=\"_ _c\"></span>Scheme <span class=\"_ _6\"></span>(STIS) <span class=\"_ _128\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _2a\"> </span>2<span class=\"_ _c\"></span>025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Awards made in year:<span class=\"_ _36a\"> </span>Amount paid as cash bonus through the Income Stat<span class=\"_ _3\"></span>ement (65%) <span class=\"_ _41\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _215\"> </span>0.6 <span class=\"_ _4\"></span> <span class=\"_ _215\"> </span>0.6<span class=\"_ _36a\"> </span>Amount deferred int<span class=\"_ _3\"></span>o shares for 3 y<span class=\"_ _3\"></span>ears and subject to f<span class=\"_ _3\"></span>orfeiture (35<span class=\"_ _3\"></span>%) <span class=\"_ _5d\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e9\"> </span>0.3 <span class=\"_ _4\"></span> <span class=\"_ _e9\"> </span>0.3<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>otal <span class=\"_ _6\"></span>bonus <span class=\"_ _c\"></span>award for <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>year <span class=\"_ _44\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0.9  <span class=\"_ _215\"> </span>0.9<span class=\"_ _36a\"> </span>Amount of deferred e<span class=\"_ _3\"></span>xpense recor<span class=\"_ _3\"></span>ded in the current ye<span class=\"_ _3\"></span>ar <span class=\"_ _16\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _215\"> </span>0.6 <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span>0.1<span class=\"_ _36a\"> </span>Awards made in previous years:<span class=\"_ _36a\"> </span>Amount of deferred e<span class=\"_ _3\"></span>xpense recor<span class=\"_ _3\"></span>ded in the current ye<span class=\"_ _3\"></span>ar <span class=\"_ _16\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _86\"> </span>0.1 <span class=\"_ _4\"></span> <span class=\"_ _215\"> </span>0.2<span class=\"_ _36a\"> </span>The def<span class=\"_ _4\"></span>erred share aw<span class=\"_ _3\"></span>ard will be made follo<span class=\"_ _3\"></span>wing the end <span class=\"_ _3\"></span>of the performance period b<span class=\"_ _3\"></span>y the<span class=\"_ _36a\"> </span>Remuneration Committee. <span class=\"_ _2f\"></span>The def<span class=\"_ _4\"></span>erred amount will be divided by the share price on the a<span class=\"_ _4\"></span>ward<span class=\"_ _36a\"> </span>date and the number of share a<span class=\"_ _3\"></span>wards will be a<span class=\"_ _3\"></span>warded. <span class=\"_ _2f\"></span>The share a<span class=\"_ _3\"></span>wards will be accounted f<span class=\"_ _3\"></span>or per IFRS 2, under Equity <span class=\"_ _4\"></span>Settled share-based payments. <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>A<span class=\"_ _3\"></span>war<span class=\"_ _3\"></span>ds made under the Long-T<span class=\"_ _9\"></span>erm Incentive Plan (L<span class=\"_ _2f\"></span>TIP)<span class=\"_ _36a\"> </span>In 2025, the Group granted 672,81<span class=\"_ _4\"></span>4 nil priced share options (2024: 708,092) with a v<span class=\"_ _3\"></span>esting period<span class=\"_ _36a\"> </span>of 3 <span class=\"_ _4\"></span>years. <span class=\"_ _2f\"></span>These a<span class=\"_ _3\"></span>wards w<span class=\"_ _3\"></span>ere subject to performance conditions tied to the Compan<span class=\"_ _3\"></span>y\u2019<span class=\"_ _5\"></span>s financial<span class=\"_ _36a\"> </span>performance in respect <span class=\"_ _3\"></span>of growth in Economic <span class=\"_ _5\"></span>V<span class=\"_ _3\"></span>alue, Commercial Cash Generation and <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>otal<span class=\"_ _36a\"> </span>Shareholder Return (TSR).<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>air value <span class=\"_ _4\"></span>of t<span class=\"_ _c\"></span>he non-market base condition w<span class=\"_ _3\"></span>as determined to be 279.50p (2024: <span class=\"_ _5\"></span>1<span class=\"_ _4\"></span>50.26p),<span class=\"_ _36a\"> </span>which was the a<span class=\"_ _3\"></span>verage w<span class=\"_ _3\"></span>eighted share price as at the grant date of the <span class=\"_ _4\"></span>opt<span class=\"_ _c\"></span>ions.<span class=\"_ _36a\"> </span>There w<span class=\"_ _3\"></span>ere share options <span class=\"_ _3\"></span>outstanding at 31 December 2025 relating to 5 L<span class=\"_ _5\"></span>TIP awards (31 December<span class=\"_ _36a\"> </span>2024: 5).<span class=\"_ _36a\"> </span>Details of the share <span class=\"_ _3\"></span>options outstanding during the <span class=\"_ _5\"></span>year due to L<span class=\"_ _5\"></span>TIP awards are as f<span class=\"_ _4\"></span>ollows: <span class=\"_ _5a\"> </span>202<span class=\"_ _c\"></span>5 2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _14\"> </span>Wei<span class=\"_ _c\"></span>gh<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>d  <span class=\"_ _120\"> </span>  <span class=\"_ _13\"> </span>We<span class=\"_ _c\"></span>i<span class=\"_ _c\"></span>gh<span class=\"_ _c\"></span>t<span class=\"_ _c\"></span>e<span class=\"_ _c\"></span>d <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _17\"> </span>aver<span class=\"_ _c\"></span>ag<span class=\"_ _c\"></span>e  <span class=\"_ _120\"> </span>  <span class=\"_ _cb\"> </span>av<span class=\"_ _c\"></span>er<span class=\"_ _c\"></span>ag<span class=\"_ _c\"></span>e <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _17\"> </span>O<span class=\"_ _c\"></span>p<span class=\"_ _c\"></span>tio<span class=\"_ _c\"></span>n<span class=\"_ _c\"></span>s  <span class=\"_ _16\"> </span>exer<span class=\"_ _c\"></span>ci<span class=\"_ _c\"></span>s<span class=\"_ _c\"></span>e  <span class=\"_ _17\"> </span>O<span class=\"_ _c\"></span>pt<span class=\"_ _c\"></span>io<span class=\"_ _c\"></span>ns  <span class=\"_ _16\"> </span>exe<span class=\"_ _c\"></span>rc<span class=\"_ _c\"></span>i<span class=\"_ _c\"></span>se <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _17\"> </span>n<span class=\"_ _c\"></span>umb<span class=\"_ _c\"></span>er  <span class=\"_ _f2\"> </span>pric<span class=\"_ _c\"></span>e  <span class=\"_ _17\"> </span>num<span class=\"_ _c\"></span>ber  <span class=\"_ _f2\"> </span>pri<span class=\"_ _c\"></span>ce <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _18b\"> </span>000  <span class=\"_ _85\"> </span>\u00a3  <span class=\"_ _11f\"> </span>000  <span class=\"_ _124\"> </span>\u00a3<span class=\"_ _36a\"> </span>Outstanding at the beginning of the year <span class=\"_ _d4\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>2,463 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013  <span class=\"_ _d4\"> </span>1,205 <span class=\"_ _3\"></span> <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>Granted during <span class=\"_ _6\"></span>the <span class=\"_ _c\"></span>year <span class=\"_ _109\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>673 <span class=\"_ _3\"></span> <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _3f\"> </span>708  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>Exer<span class=\"_ _3\"></span>cised during the ye<span class=\"_ _3\"></span>ar prior to rights issue <span class=\"_ _33\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _11d\"> </span>(188 <span class=\"_ _8\"></span>) <span class=\"_ _f0\"> </span>2.80 <span class=\"_ _4\"></span> <span class=\"_ _f7\"> </span>(1<span class=\"_ _c\"></span>1<span class=\"_ _c\"></span>3 <span class=\"_ _8\"></span>) <span class=\"_ _11c\"> </span>2.54<span class=\"_ _36a\"> </span>Adjustment <span class=\"_ _c\"></span>for <span class=\"_ _c\"></span>rights <span class=\"_ _6\"></span>issue <span class=\"_ _e9\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _1fa\"> </span>346  <span class=\"_ _10c\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013  <span class=\"_ _54\"> </span>\u2013<span class=\"_ _36a\"> </span>Exer<span class=\"_ _3\"></span>cised during the ye<span class=\"_ _3\"></span>ar post rights issue <span class=\"_ _44\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _3f\"> </span>(175 <span class=\"_ _8\"></span>) <span class=\"_ _85\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"fc26\"> <span class=\"_ _125\"> </span></span>\u2013<span class=\"_ _36a\"> </span>Lapsed <span class=\"_ _c\"></span>during <span class=\"_ _c\"></span>th<span class=\"_ _c\"></span>e <span class=\"_ _c\"></span>year <span class=\"_ _50\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _123\"> </span>(3<span class=\"_ _c\"></span>18 <span class=\"_ _2f\"></span>) <span class=\"_ _125\"> </span>\u2013  <span class=\"_ _11c\"> </span>(248 <span class=\"_ _2f\"></span>) <span class=\"_ _124\"> </span>\u2013<span class=\"_ _36a\"> </span>Ou<span class=\"_ _c\"></span>ts<span class=\"_ _c\"></span>ta<span class=\"_ _c\"></span>ndi<span class=\"_ _c\"></span>ng at t<span class=\"_ _c\"></span>he en<span class=\"_ _c\"></span>d of t<span class=\"_ _c\"></span>he yea<span class=\"_ _c\"></span>r <span class=\"_ _17b\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _3c\"> </span>2<span class=\"_ _c\"></span>,<span class=\"_ _c\"></span>8<span class=\"_ _c\"></span>01 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013 <span class=\"_ _4\"></span> <span class=\"_ _f2\"> </span>1,<span class=\"_ _6\"></span>55<span class=\"_ _c\"></span>2 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>The w<span class=\"_ _3\"></span>eighted av<span class=\"_ _4\"></span>erage contractual life is 1<span class=\"_ _4\"></span>0 <span class=\"_ _4\"></span>years.<span class=\"_ _36a\"> </span>The inputs into the Monte Carlo f<span class=\"_ _3\"></span>or new <span class=\"_ _3\"></span>options in the <span class=\"_ _4\"></span>year are as f<span class=\"_ _4\"></span>ollows:<span class=\"_ _36a\"> </span>Region <span class=\"_ _15b\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ef\"> </span>2<span class=\"_ _c\"></span>025  <span class=\"_ _120\"> </span>  <span class=\"_ _41\"> </span>2024<span class=\"_ _36a\"> </span>V<span class=\"_ _4\"></span>aluation <span class=\"_ _6\"></span>method <span class=\"_ _16e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>Monte <span class=\"_ _c\"></span>Carlo  <span class=\"_ _120\"> </span> <span class=\"_ _9\"></span>Monte <span class=\"_ _c\"></span>Carlo<span class=\"_ _36a\"> </span>W<span class=\"_ _4\"></span>eighted <span class=\"_ _c\"></span>average <span class=\"_ _c\"></span>share <span class=\"_ _c\"></span>price <span class=\"_ _c\"></span>(pence) <span class=\"_ _130\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _157\"> </span>272<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>50  <span class=\"_ _120\"> </span>  <span class=\"_ _157\"> </span>266.50<span class=\"_ _36a\"> </span>W<span class=\"_ _4\"></span>eighted <span class=\"_ _c\"></span>average <span class=\"_ _c\"></span>exercise price <span class=\"_ _c\"></span>(pence) <span class=\"_ _e8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _119\"> </span>Nil  <span class=\"_ _10a\"> </span>  <span class=\"_ _119\"> </span>Nil<span class=\"_ _36a\"> </span>W<span class=\"_ _4\"></span>eighted average fair v<span class=\"_ _3\"></span>alue of options granted (penc<span class=\"_ _3\"></span>e) <span class=\"_ _138\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _ec\"> </span>183.95  <span class=\"_ _52\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _13a\"> </span>1<span class=\"_ _c\"></span>52.46<span class=\"_ _36a\"> </span>Expected volatility <span class=\"_ _46\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ef\"> </span>2<span class=\"_ _6\"></span>3.7<span class=\"_ _4\"></span>6  <span class=\"_ _120\"> </span>  <span class=\"_ _d3\"> </span>28.19<span class=\"_ _36a\"> </span>Expected life <span class=\"_ _103\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _eb\"> </span>3 <span class=\"_ _c\"></span>years  <span class=\"_ _10a\"> </span>  <span class=\"_ _eb\"> </span>3 <span class=\"_ _c\"></span>years<span class=\"_ _36a\"> </span>Risk-f<span class=\"_ _c\"></span>ree <span class=\"_ _c\"></span>rate <span class=\"_ _106\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _44\"> </span>4<span class=\"_ _c\"></span>.04<span class=\"_ _3\"></span>%  <span class=\"_ _120\"> </span>  <span class=\"_ _29\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>57%<span class=\"_ _36a\"> </span>Expected dividend <span class=\"_ _6\"></span>yield <span class=\"_ _66\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _e9\"> </span>0%  <span class=\"_ _120\"> </span>  <span class=\"_ _e9\"> </span>0%<span class=\"_ _36a\"> </span>Expected volatility w<span class=\"_ _3\"></span>as determined by calculating the historical v<span class=\"_ _3\"></span>olatility of the Compan<span class=\"_ _3\"></span>y\u2019<span class=\"_ _5\"></span>s share<span class=\"_ _36a\"> </span>price o<span class=\"_ _3\"></span>ver the pre<span class=\"_ _3\"></span>vious 1<span class=\"_ _5\"></span>0 <span class=\"_ _4\"></span>years.<span class=\"_ _36a\"> </span>The Group recognised total <span class=\"_ _3\"></span>expense <span class=\"_ _4\"></span>of 890,7<span class=\"_ _5\"></span>1<span class=\"_ _5\"></span>2 related to equity-settled share-based payments<span class=\"_ _36a\"> </span>transactions in 2025.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-66": {
   "value": " <span class=\"_ _144\"> </span>I<span class=\"_ _c\"></span>3 <span class=\"_ _6\"></span>Ear<span class=\"_ _3\"></span>nings per share<span class=\"_ _36a\"> </span>Earnings per share are based on the f<span class=\"_ _3\"></span>ollowing:<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _16a\"> </span>2<span class=\"_ _c\"></span>025  <span class=\"_ _e7\"> </span>2<span class=\"_ _c\"></span>024<span class=\"_ _36a\"> </span>(Loss)/<span class=\"_ _4\"></span>profit for the ye<span class=\"_ _3\"></span>ar attributable t<span class=\"_ _3\"></span>o shareholders (\u00a3m) <span class=\"_ _28\"> </span>  <span class=\"_ _1a6\"> </span>(10.4) <span class=\"_ _4\"></span> <span class=\"_ _17b\"> </span>3.9<span class=\"_ _36a\"> </span>W<span class=\"_ _4\"></span>eighted average number of ordinary shares <span class=\"_ _5d\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _43\"> </span>205,240,821  <span class=\"_ _62\"> </span>150,938,02<span class=\"_ _3\"></span>4<span class=\"_ _36a\"> </span>Basic <span class=\"_ _c\"></span>earnings <span class=\"_ _c\"></span>per <span class=\"_ _6\"></span>share <span class=\"_ _11e\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _16b\"> </span>(5.05)p  <span class=\"_ _e7\"> </span>2.27p <span class=\"_ _9\"></span>*<span class=\"_ _36a\"> </span>Diluted <span class=\"_ _c\"></span>earnings <span class=\"_ _c\"></span>per <span class=\"_ _c\"></span>share <span class=\"_ _127\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _ed\"> </span>(5.05)p  <span class=\"_ _e7\"> </span>2<span class=\"_ _c\"></span>.23p <span class=\"_ _9\"></span>*<span class=\"_ _36a\"> </span>*<span class=\"_ _4\"></span>A r<span class=\"_ _c\"></span>ig<span class=\"_ _c\"></span>hts issu<span class=\"_ _c\"></span>e was e<span class=\"_ _c\"></span>ffec<span class=\"_ _c\"></span>ted i<span class=\"_ _c\"></span>n Jul<span class=\"_ _c\"></span>y 20<span class=\"_ _c\"></span>25<span class=\"_ _c\"></span>, o<span class=\"_ _c\"></span>n the b<span class=\"_ _c\"></span>asi<span class=\"_ _c\"></span>s of 10 new ord<span class=\"_ _c\"></span>ina<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y sh<span class=\"_ _c\"></span>ares for eve<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>y 1<span class=\"_ _4\"></span>9 existi<span class=\"_ _c\"></span>ng ord<span class=\"_ _c\"></span>in<span class=\"_ _c\"></span>ar<span class=\"_ _c\"></span>y<span class=\"_ _36a\"> </span>sha<span class=\"_ _c\"></span>res. T<span class=\"_ _c\"></span>he i<span class=\"_ _c\"></span>ssue w<span class=\"_ _c\"></span>as fu<span class=\"_ _c\"></span>lly u<span class=\"_ _c\"></span>nde<span class=\"_ _c\"></span>r<span class=\"_ _c\"></span>wri<span class=\"_ _c\"></span>tten at 1<span class=\"_ _4\"></span>76<span class=\"_ _c\"></span>p p<span class=\"_ _c\"></span>er sh<span class=\"_ _c\"></span>are to rai<span class=\"_ _c\"></span>se gro<span class=\"_ _c\"></span>ss pro<span class=\"_ _c\"></span>ce<span class=\"_ _c\"></span>ed<span class=\"_ _c\"></span>s of ap<span class=\"_ _c\"></span>prox<span class=\"_ _c\"></span>imate<span class=\"_ _c\"></span>ly \u00a3140<span class=\"_ _c\"></span>m.<span class=\"_ _36a\"> </span>An a<span class=\"_ _c\"></span>dju<span class=\"_ _c\"></span>stme<span class=\"_ _c\"></span>nt has b<span class=\"_ _c\"></span>ee<span class=\"_ _c\"></span>n ma<span class=\"_ _c\"></span>de to the 2<span class=\"_ _c\"></span>0<span class=\"_ _c\"></span>24 ear<span class=\"_ _c\"></span>nin<span class=\"_ _c\"></span>gs p<span class=\"_ _c\"></span>er sh<span class=\"_ _c\"></span>are to ac<span class=\"_ _c\"></span>co<span class=\"_ _c\"></span>unt for th<span class=\"_ _c\"></span>e effe<span class=\"_ _c\"></span>ct of th<span class=\"_ _c\"></span>e bo<span class=\"_ _c\"></span>nus el<span class=\"_ _c\"></span>em<span class=\"_ _c\"></span>ent<span class=\"_ _36a\"> </span>of the ri<span class=\"_ _c\"></span>ghts i<span class=\"_ _c\"></span>ssu<span class=\"_ _c\"></span>e.<span class=\"_ _36a\"> </span>The w<span class=\"_ _3\"></span>eighted av<span class=\"_ _4\"></span>erage number of ordinary shares in respect of the <span class=\"_ _5\"></span>year <span class=\"_ _3\"></span>ended 3<span class=\"_ _4\"></span>1 December 2025<span class=\"_ _36a\"> </span>is based upon 230,533,7<span class=\"_ _4\"></span>43 shares in issue at the <span class=\"_ _4\"></span>year end date, e<span class=\"_ _4\"></span>xcluding treasury shares. <span class=\"_ _3\"></span>Shares<span class=\"_ _36a\"> </span>held in treasury relate to shares held by the Emplo<span class=\"_ _3\"></span>yee B<span class=\"_ _3\"></span>enefit <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>rust.<span class=\"_ _36a\"> </span>There w<span class=\"_ _3\"></span>ere 2,87<span class=\"_ _4\"></span>1<span class=\"_ _5\"></span>,227 share options <span class=\"_ _3\"></span>outstanding at 3<span class=\"_ _4\"></span>1 December 2025 (2024: 2,330<span class=\"_ _c\"></span>,<span class=\"_ _5\"></span>1<span class=\"_ _2f\"></span>1<span class=\"_ _3\"></span>8). A<span class=\"_ _4\"></span>ccordingly<span class=\"_ _4\"></span>,<span class=\"_ _36a\"> </span>there is dilution of the a<span class=\"_ _3\"></span>verage number <span class=\"_ _3\"></span>of ordinary shares in issue in respect <span class=\"_ _3\"></span>of 2024 but no dilution<span class=\"_ _36a\"> </span>in 2025, due to the loss.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-67": {
   "value": " <span class=\"_ _144\"> </span>I<span class=\"_ _c\"></span>4 <span class=\"_ _6\"></span>Capital commitments<span class=\"_ _36a\"> </span>There w<span class=\"_ _3\"></span>ere no capital commitments as at 3<span class=\"_ _4\"></span>1 <span class=\"_ _5\"></span>December 2025 (2024: nil).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": " <span class=\"_ _144\"> </span>I<span class=\"_ _c\"></span>4 <span class=\"_ _6\"></span>Capital commitments<span class=\"_ _36a\"> </span>There w<span class=\"_ _3\"></span>ere no capital commitments as at 3<span class=\"_ _4\"></span>1 <span class=\"_ _5\"></span>December 2025 (2024: nil).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-68": {
   "value": " <span class=\"_ _144\"> </span>I<span class=\"_ _c\"></span>5 <span class=\"_ _6\"></span>Related par<span class=\"_ _3\"></span>ties  (a) <span class=\"_ _6\"></span>Identity of r<span class=\"_ _4\"></span>elated parties<span class=\"_ _36a\"> </span>The shares <span class=\"_ _3\"></span>of the Company w<span class=\"_ _3\"></span>ere widely held and no single shareholder e<span class=\"_ _4\"></span>xercised significant<span class=\"_ _36a\"> </span>influence or control <span class=\"_ _3\"></span>ov<span class=\"_ _4\"></span>er t<span class=\"_ _c\"></span>he Company<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The Compan<span class=\"_ _3\"></span>y has related party relationships with:<span class=\"_ _36a\"> </span>(i) <span class=\"_ _158\"> </span> <span class=\"_ _12\"></span>ke<span class=\"_ _3\"></span>y management personnel who comprise the directors (including non-ex<span class=\"_ _3\"></span>ecutive directors) of the Company;<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _f\"> </span>its subsidiary companies;<span class=\"_ _36a\"> </span>(iii)  other companies o<span class=\"_ _4\"></span>ver which the directors have significant influence; and<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _7\"> </span>transactions with persons related to key management personnel. <span class=\"_ _7\"> </span>(b) <span class=\"_ _6\"></span>Related party tr<span class=\"_ _4\"></span>ansactions<span class=\"_ _36a\"> </span>(i) <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransactions with key management personnel<span class=\"_ _36a\"> </span>Ke<span class=\"_ _3\"></span>y management personnel comprise of the directors <span class=\"_ _3\"></span>of the Company<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>This is <span class=\"_ _3\"></span>on the basis that<span class=\"_ _36a\"> </span>they ha<span class=\"_ _3\"></span>ve the authority and responsibility f<span class=\"_ _3\"></span>or planning, directing and controlling the activities of the<span class=\"_ _36a\"> </span>Group. Ke<span class=\"_ _3\"></span>y management compensation is as follo<span class=\"_ _3\"></span>ws: <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Short-term <span class=\"_ _c\"></span>employee <span class=\"_ _c\"></span>benefits <span class=\"_ _ec\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _119\"> </span>2.7  <span class=\"_ _127\"> </span>3.1<span class=\"_ _36a\"> </span>Post-employment benefits <span class=\"_ _e6\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Share-based <span class=\"_ _c\"></span>payments <span class=\"_ _50\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _127\"> </span>1.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _e6\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _e7\"> </span>4<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>The share-based pa<span class=\"_ _3\"></span>yments charge comprises \u00a30.<span class=\"_ _4\"></span>1m (2024: \u00a30.3m) of <span class=\"_ _4\"></span>Short-T<span class=\"_ _5\"></span>erm Incentive <span class=\"_ _4\"></span>Scheme<span class=\"_ _36a\"> </span>(STIS), and \u00a31<span class=\"_ _8\"></span>.2m (2024: \u00a31<span class=\"_ _2f\"></span>.3m) related to Long-T<span class=\"_ _2f\"></span>erm Incentive Plan (L<span class=\"_ _5\"></span>TIP), which is determined in accordance with IFRS 2 <span class=\"_ _4\"></span>Share-based Pa<span class=\"_ _3\"></span>yment. F<span class=\"_ _4\"></span>urther details on the share-based payment are<span class=\"_ _36a\"> </span>disclosed in Note I2.<span class=\"_ _36a\"> </span>In addition to their salaries, the Company also pro<span class=\"_ _3\"></span>vides non-cash benefits to directors and contributes<span class=\"_ _36a\"> </span>to a post-employment defined contribution pension plan <span class=\"_ _3\"></span>on their behalf<span class=\"_ _4\"></span>, or where regulatory<span class=\"_ _36a\"> </span>contribution limits are reached, pay an <span class=\"_ _3\"></span>equivalent amount as an addition to base salary<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing amounts w<span class=\"_ _3\"></span>ere pay<span class=\"_ _4\"></span>able to directors in respect of bonuses and incentives: <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>An<span class=\"_ _c\"></span>nual b<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>us s<span class=\"_ _c\"></span>che<span class=\"_ _c\"></span>me (in<span class=\"_ _c\"></span>clu<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>d in th<span class=\"_ _c\"></span>e sh<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>t-te<span class=\"_ _c\"></span>rm em<span class=\"_ _c\"></span>pl<span class=\"_ _c\"></span>oyee b<span class=\"_ _c\"></span>ene<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>ts a<span class=\"_ _c\"></span>bove) <span class=\"_ _28\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e7\"> </span>0.7 <span class=\"_ _4\"></span> <span class=\"_ _f7\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>The amounts pa<span class=\"_ _3\"></span>yable under the annual bonus scheme w<span class=\"_ _3\"></span>ere pay<span class=\"_ _4\"></span>able within 1 <span class=\"_ _4\"></span>year<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>The terms and<span class=\"_ _36a\"> </span>conditions attached to the annual bonus scheme can be found in the R<span class=\"_ _3\"></span>emuneration section of the<span class=\"_ _36a\"> </span>Corporate Gov<span class=\"_ _3\"></span>ernance section of the <span class=\"_ _4\"></span>Annual Report and A<span class=\"_ _3\"></span>ccounts.<span class=\"_ _36a\"> </span>(ii) <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransactions with subsidiaries<span class=\"_ _36a\"> </span>The Compan<span class=\"_ _3\"></span>y undertakes centralised administration functions, the costs <span class=\"_ _3\"></span>of which it charges back<span class=\"_ _36a\"> </span>to its operating subsidiaries. <span class=\"_ _2f\"></span>The f<span class=\"_ _3\"></span>ollowing amounts which <span class=\"_ _3\"></span>eff<span class=\"_ _3\"></span>ectively comprised a reco<span class=\"_ _3\"></span>very <span class=\"_ _4\"></span>of<span class=\"_ _36a\"> </span>expenses at no mark-up w<span class=\"_ _3\"></span>ere credited to the <span class=\"_ _3\"></span>Statement of Comprehensiv<span class=\"_ _4\"></span>e Income of the Company<span class=\"_ _36a\"> </span>for the respectiv<span class=\"_ _3\"></span>e periods:<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Re<span class=\"_ _c\"></span>cover<span class=\"_ _c\"></span>y <span class=\"_ _6\"></span>of <span class=\"_ _6\"></span>exp<span class=\"_ _c\"></span>en<span class=\"_ _c\"></span>se<span class=\"_ _c\"></span>s <span class=\"_ _50\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _11d\"> </span>1<span class=\"_ _c\"></span>5<span class=\"_ _c\"></span>.<span class=\"_ _6\"></span>5  <span class=\"_ _e9\"> </span>7<span class=\"_ _4\"></span>.<span class=\"_ _c\"></span>2<span class=\"_ _36a\"> </span>(iii) <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransactions with a consolidated structured entity<span class=\"_ _36a\"> </span>During the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>, the Group established an Employ<span class=\"_ _4\"></span>ee Benefit <span class=\"_ _5\"></span>T<span class=\"_ _2f\"></span>rust (EBT) to satisfy awards granted<span class=\"_ _36a\"> </span>to emplo<span class=\"_ _3\"></span>yees under selected share-based pa<span class=\"_ _4\"></span>yment schemes. <span class=\"_ _5\"></span>The Parent Compan<span class=\"_ _4\"></span>y made a loan to<span class=\"_ _36a\"> </span>the EBT to finance the purchase of shares to a<span class=\"_ _3\"></span>ward to <span class=\"_ _3\"></span>employ<span class=\"_ _4\"></span>ees.<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Lo<span class=\"_ _c\"></span>an to th<span class=\"_ _c\"></span>e Em<span class=\"_ _c\"></span>ploye<span class=\"_ _c\"></span>e B<span class=\"_ _c\"></span>ene<span class=\"_ _c\"></span>fit Trust <span class=\"_ _11a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _10a\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _215\"> </span>1<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>4 <span class=\"_ _4\"></span> <span class=\"_ _c4\"> </span>\u2013<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransactions bet<span class=\"_ _c\"></span>ween subsidiaries<span class=\"_ _36a\"> </span>In the Netherlands, before the integration <span class=\"_ _3\"></span>of <span class=\"_ _3\"></span>Scildon and <span class=\"_ _2f\"></span>Waard in J<span class=\"_ _3\"></span>uly 2025, <span class=\"_ _3\"></span>Scildon o<span class=\"_ _3\"></span>wned a commercial property that was <span class=\"_ _3\"></span>occupied by <span class=\"_ _2f\"></span>W<span class=\"_ _3\"></span>aard since October 2022. <span class=\"_ _2f\"></span>The following amounts<span class=\"_ _3\"></span> of rental income were receiv<span class=\"_ _3\"></span>ed from <span class=\"_ _2f\"></span>Waard b<span class=\"_ _3\"></span>y <span class=\"_ _3\"></span>Scildon during the respective periods:<span class=\"_ _36a\"> </span>Y<span class=\"_ _4\"></span>ear <span class=\"_ _6\"></span>ended <span class=\"_ _c\"></span>31 <span class=\"_ _6\"></span>December <span class=\"_ _30\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>2025  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Ren<span class=\"_ _c\"></span>tal <span class=\"_ _6\"></span>inc<span class=\"_ _c\"></span>om<span class=\"_ _c\"></span>e <span class=\"_ _1f8\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _e6\"> </span>0<span class=\"_ _c\"></span>.1  <span class=\"_ _119\"> </span>0.1<span class=\"_ _36a\"> </span>(iv) <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransactions with persons related to key management personnel<span class=\"_ _36a\"> </span>During the <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>, there were no transactions with persons related to ke<span class=\"_ _3\"></span>y management personnel<span class=\"_ _36a\"> </span>(31 December 2024: \u00a3nil).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "(i) <span class=\"_ _2f\"></span>T<span class=\"_ _5\"></span>ransactions with key management personnel<span class=\"_ _36a\"> </span>Ke<span class=\"_ _3\"></span>y management personnel comprise of the directors <span class=\"_ _3\"></span>of the Company<span class=\"_ _5\"></span>. <span class=\"_ _5\"></span>This is <span class=\"_ _3\"></span>on the basis that<span class=\"_ _36a\"> </span>they ha<span class=\"_ _3\"></span>ve the authority and responsibility f<span class=\"_ _3\"></span>or planning, directing and controlling the activities of the<span class=\"_ _36a\"> </span>Group. Ke<span class=\"_ _3\"></span>y management compensation is as follo<span class=\"_ _3\"></span>ws: <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>Short-term <span class=\"_ _c\"></span>employee <span class=\"_ _c\"></span>benefits <span class=\"_ _ec\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _119\"> </span>2.7  <span class=\"_ _127\"> </span>3.1<span class=\"_ _36a\"> </span>Post-employment benefits <span class=\"_ _e6\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _129\"> </span>0.1  <span class=\"_ _129\"> </span>0<span class=\"_ _3\"></span>.1<span class=\"_ _36a\"> </span>Share-based <span class=\"_ _c\"></span>payments <span class=\"_ _50\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _127\"> </span>1.3  <span class=\"_ _127\"> </span>1.5<span class=\"_ _36a\"> </span>T<span class=\"_ _4\"></span>o<span class=\"_ _c\"></span>tal <span class=\"_ _15f\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _e6\"> </span>4<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>1  <span class=\"_ _e7\"> </span>4<span class=\"_ _c\"></span>.7<span class=\"_ _36a\"> </span>The share-based pa<span class=\"_ _3\"></span>yments charge comprises \u00a30.<span class=\"_ _4\"></span>1m (2024: \u00a30.3m) of <span class=\"_ _4\"></span>Short-T<span class=\"_ _5\"></span>erm Incentive <span class=\"_ _4\"></span>Scheme<span class=\"_ _36a\"> </span>(STIS), and \u00a31<span class=\"_ _8\"></span>.2m (2024: \u00a31<span class=\"_ _2f\"></span>.3m) related to Long-T<span class=\"_ _2f\"></span>erm Incentive Plan (L<span class=\"_ _5\"></span>TIP), which is determined in accordance with IFRS 2 <span class=\"_ _4\"></span>Share-based Pa<span class=\"_ _3\"></span>yment. F<span class=\"_ _4\"></span>urther details on the share-based payment are<span class=\"_ _36a\"> </span>disclosed in Note I2.<span class=\"_ _36a\"> </span>In addition to their salaries, the Company also pro<span class=\"_ _3\"></span>vides non-cash benefits to directors and contributes<span class=\"_ _36a\"> </span>to a post-employment defined contribution pension plan <span class=\"_ _3\"></span>on their behalf<span class=\"_ _4\"></span>, or where regulatory<span class=\"_ _36a\"> </span>contribution limits are reached, pay an <span class=\"_ _3\"></span>equivalent amount as an addition to base salary<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The f<span class=\"_ _3\"></span>ollowing amounts w<span class=\"_ _3\"></span>ere pay<span class=\"_ _4\"></span>able to directors in respect of bonuses and incentives: <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _2a\"> </span>202<span class=\"_ _c\"></span>5  <span class=\"_ _41\"> </span>2024 <span class=\"_ _171\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _120\"> </span>  <span class=\"_ _f7\"> </span>\u00a3m  <span class=\"_ _f7\"> </span>\u00a3m<span class=\"_ _36a\"> </span>An<span class=\"_ _c\"></span>nual b<span class=\"_ _c\"></span>on<span class=\"_ _c\"></span>us s<span class=\"_ _c\"></span>che<span class=\"_ _c\"></span>me (in<span class=\"_ _c\"></span>clu<span class=\"_ _c\"></span>de<span class=\"_ _c\"></span>d in th<span class=\"_ _c\"></span>e sh<span class=\"_ _c\"></span>or<span class=\"_ _c\"></span>t-te<span class=\"_ _c\"></span>rm em<span class=\"_ _c\"></span>pl<span class=\"_ _c\"></span>oyee b<span class=\"_ _c\"></span>ene<span class=\"_ _c\"></span>fi<span class=\"_ _c\"></span>ts a<span class=\"_ _c\"></span>bove) <span class=\"_ _28\"> </span> <span class=\"_ _3\"></span> <span class=\"_ _52\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _e7\"> </span>0.7 <span class=\"_ _4\"></span> <span class=\"_ _f7\"> </span>0<span class=\"_ _c\"></span>.<span class=\"_ _c\"></span>9<span class=\"_ _36a\"> </span>The amounts pa<span class=\"_ _3\"></span>yable under the annual bonus scheme w<span class=\"_ _3\"></span>ere pay<span class=\"_ _4\"></span>able within 1 <span class=\"_ _4\"></span>year<span class=\"_ _4\"></span>. <span class=\"_ _2f\"></span>The terms and<span class=\"_ _36a\"> </span>conditions attached to the annual bonus scheme can be found in the R<span class=\"_ _3\"></span>emuneration section of the<span class=\"_ _36a\"> </span>Corporate Gov<span class=\"_ _3\"></span>ernance section of the <span class=\"_ _4\"></span>Annual Report and A<span class=\"_ _3\"></span>ccounts.<span class=\"_ _36a\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "<div class=\"t m0 h13 ff35 fsc fc2 sc0 ls1 ws1 gs22c\"> <span class=\"_ _2\"> </span>I6 <span class=\"_ _6\"></span>Gr<span class=\"_ _3\"></span>oup entities<span class=\"_ _36a\"> </span></div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gs22d\">Control of the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _36a\"> </span></div><div class=\"t m0 h11 ff36 fsc fc6 sc0 ls1 ws1 gs22e\">The issued share capital <span class=\"_ _3\"></span>of Chesnara plc, the Group P<span class=\"_ _3\"></span>arent Company<span class=\"_ _5\"></span>, is widely held, with no single party able to control 20% or more of such capital <span class=\"_ _3\"></span>or of the rights which such <span class=\"_ _3\"></span>ownership conf<span class=\"_ _4\"></span>ers.<span class=\"_ _36a\"> </span></div><div class=\"t m0 h13 ff35 fsc fc6 sc0 ls1 ws1 gs22f\">Group subsidiary companies</div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls8a ws6e gs230\"> <span class=\"_ _24c\"> </span>Country of <span class=\"_ _22\"> </span>Ow<span class=\"_ _c\"></span>nership interes<span class=\"_ _c\"></span>t <span class=\"_ _a8\"> </span>Ownership interest <span class=\"_ _53\"> </span>Func<span class=\"_ _c\"></span>tional<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc1 sc0 ls18 ws18 gs231\">Name <span class=\"_ _24d\"> </span>incorporati<span class=\"_ _3\"></span>on <span class=\"_ _b9\"> </span>31 December 202<span class=\"_ _c\"></span>5 <span class=\"_ _a6\"> </span>31 December 2024 <span class=\"_ _142\"> </span>Curr<span class=\"_ _3\"></span>ency<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs232\">Countrywide Assured plc <span class=\"_ _20d\"> </span>United K<span class=\"_ _3\"></span>ingdom <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _23e\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _10e\"> </span>Sterling<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs233\">Countrywide Assured Lif<span class=\"_ _3\"></span>e Holdings Limited <span class=\"_ _214\"> </span>United Kingdom <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>00% of all share capital <span class=\"_ _5c\"> </span>100% of all share capital <span class=\"_ _a5\"> </span>St<span class=\"_ _3\"></span>erling<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs234\">Countrywide Assured Services Limit<span class=\"_ _3\"></span>ed <span class=\"_ _24e\"> </span>United Kingdom <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _23e\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _111\"> </span>Sterling<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs235\">Countrywide Assured T<span class=\"_ _3\"></span>rustee C<span class=\"_ _3\"></span>ompany Limited <span class=\"_ _bd\"> </span>Unit<span class=\"_ _4\"></span>ed Kingdom <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _154\"> </span>100% of all share capital (1) <span class=\"_ _111\"> </span>Sterling<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs236\">CASLP Limit<span class=\"_ _3\"></span>ed <span class=\"_ _24f\"> </span>United Kingdom <span class=\"_ _16f\"> </span>Dissolved  <span class=\"_ _175\"> </span>100% of all share capital  <span class=\"_ _16f\"> </span>Sterling<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs237\">CASFS Limit<span class=\"_ _3\"></span>ed <span class=\"_ _bc\"> </span>United K<span class=\"_ _3\"></span>ingdom <span class=\"_ _8a\"> </span>100% of all share capital (2) <span class=\"_ _161\"> </span>100% of all share capital (2) <span class=\"_ _104\"> </span>Sterling<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs238\">CASLP<span class=\"_ _4\"></span>TS Limited <span class=\"_ _136\"> </span>United Kingdom <span class=\"_ _16f\"> </span>100% of all share capital (2) <span class=\"_ _161\"> </span>100% of all share capital (2) <span class=\"_ _104\"> </span>Sterling<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs239\">Regis<span class=\"_ _c\"></span>tered address<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs23a\">2nd Floor, 33<span class=\"_ _350\"></span>-<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs23b\">34 Winckley Squar<span class=\"_ _3\"></span>e, Pr<span class=\"_ _3\"></span>eston,  </div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs23c\">Lancashire, PR1 3JJ, Unit<span class=\"_ _3\"></span>ed Kingdom<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs23d\">Movestic Livf<span class=\"_ _3\"></span>\u00f6rs\u00e4kring AB <span class=\"_ _1fc\"> </span>Sweden <span class=\"_ _101\"> </span>1<span class=\"_ _c\"></span>00% of all share capital <span class=\"_ _5c\"> </span>1<span class=\"_ _c\"></span>00% of all share capital <span class=\"_ _3d\"> </span>Swedish kro<span class=\"_ _36a\"> </span>na<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs23e\">Movestic F<span class=\"_ _3\"></span>onder AB <span class=\"_ _1e2\"> </span>Sweden <span class=\"_ _101\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (3) <span class=\"_ _1c2\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (3) <span class=\"_ _104\"> </span>Sw<span class=\"_ _3\"></span>edish kro<span class=\"_ _36a\"> </span>na<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs23f\">Regis<span class=\"_ _c\"></span>tered address<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs240\">Box 7<span class=\"_ _3\"></span>853, S<span class=\"_ _6\"></span>-103 99 St<span class=\"_ _3\"></span>ockholm, Sw<span class=\"_ _3\"></span>eden<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs241\">Scildon N.<span class=\"_ _3\"></span>V. <span class=\"_ _250\"> </span>Netherlands <span class=\"_ _18f\"> </span>100% of all share capital <span class=\"_ _166\"> </span>100% of all share capital <span class=\"_ _a5\"> </span>Euro<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs242\">W<span class=\"_ _4\"></span>aard Schade N.V<span class=\"_ _4\"></span>. <span class=\"_ _251\"> </span>Netherlands <span class=\"_ _18f\"> </span>100% of all share capital <span class=\"_ _166\"> </span>100% of all share capital <span class=\"_ _a5\"> </span>Euro<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs243\">W<span class=\"_ _4\"></span>aard V<span class=\"_ _3\"></span>erzekeringen B.<span class=\"_ _4\"></span>V. <span class=\"_ _1fc\"> </span>Netherlands <span class=\"_ _18f\"> </span>Dissolved <span class=\"_ _1c6\"> </span>100% of all share capital (4) <span class=\"_ _162\"> </span>Euro<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs244\">Robein Leven N.<span class=\"_ _4\"></span>V. <span class=\"_ _252\"> </span>Netherlands <span class=\"_ _18f\"> </span>100% of all share capital (4) <span class=\"_ _66\"> </span>100% of all share capital (4) <span class=\"_ _162\"> </span>Euro<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs245\">Robein Effectendienstv<span class=\"_ _3\"></span>eriening N.<span class=\"_ _3\"></span>V<span class=\"_ _3\"></span>. <span class=\"_ _1d2\"> </span>Netherlands <span class=\"_ _8c\"> </span>100% of all share capital (4) <span class=\"_ _66\"> </span>100% of all share capital (4) <span class=\"_ _162\"> </span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff32 fs6 fc2 sc0 ls8a ws6e gs246\">Regis<span class=\"_ _c\"></span>tered address<span class=\"_ _36a\"> </span></div><div class=\"t m0 h9 ff34 fs6 fc7 sc0 ls1 ws1 gs247\">Laapersveld 68 Hilv<span class=\"_ _3\"></span>ersum, Netherlands<span class=\"_ _36a\"> </span></div>(1) <span class=\"_ _14\"> </span>Held ind<span class=\"_ _c\"></span>irectly through Countrywide A<span class=\"_ _3\"></span>ssured Lif<span class=\"_ _4\"></span>e Holdings Limited.<span class=\"_ _36a\"> </span>(2) <span class=\"_ _14\"> </span>Held ind<span class=\"_ _c\"></span>irectly through Countrywide A<span class=\"_ _3\"></span>ssured plc.<span class=\"_ _36a\"> </span>(3) <span class=\"_ _14\"> </span>Held ind<span class=\"_ _c\"></span>irectly through Mov<span class=\"_ _3\"></span>estic Livf\u00f6rs\u00e4kring <span class=\"_ _4\"></span>AB.<span class=\"_ _36a\"> </span>(4) <span class=\"_ _14\"> </span>Held ind<span class=\"_ _c\"></span>irectly through <span class=\"_ _3\"></span>Scildon N.V<span class=\"_ _2f\"></span>.<span class=\"_ _36a\"> </span>W<span class=\"_ _3\"></span>aard <span class=\"_ _4\"></span>V<span class=\"_ _5\"></span>erzekeringen B<span class=\"_ _3\"></span>.V<span class=\"_ _2f\"></span>. was dissolved <span class=\"_ _4\"></span>on 31 December 2025. CASLP Limited was dissolv<span class=\"_ _3\"></span>ed on 1<span class=\"_ _4\"></span>4 January 2025.<span class=\"_ _36a\"> </span>Countrywide A<span class=\"_ _3\"></span>ssured <span class=\"_ _4\"></span>Service Limited (registered number: 02836237) and Countrywide Assured<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>rustees Company Limited (registered number: 03505360) are e<span class=\"_ _4\"></span>xempt from the requirements of<span class=\"_ _36a\"> </span>the Companies A<span class=\"_ _4\"></span>ct 20<span class=\"_ _c\"></span>06 relating to the audit of individual financial statements for the <span class=\"_ _5\"></span>year ended<span class=\"_ _36a\"> </span>31 December 2025, by virtue <span class=\"_ _4\"></span>of Section 479A of the <span class=\"_ _4\"></span>Act. <span class=\"_ _2f\"></span>These subsidiaries are included in the<span class=\"_ _36a\"> </span>consolidated financial statements of Chesnara plc. Chesnara plc has pro<span class=\"_ _3\"></span>vided a guarantee under<span class=\"_ _36a\"> </span>Section 479C of the Companies <span class=\"_ _4\"></span>Act 2006 in respect of all outstanding liabilities of these subsidiaries<span class=\"_ _36a\"> </span>at the end <span class=\"_ _3\"></span>of the financial <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The Emplo<span class=\"_ _3\"></span>yee B<span class=\"_ _4\"></span>enefit <span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>rust was <span class=\"_ _3\"></span>established in the <span class=\"_ _4\"></span>year and is a consolidated struct<span class=\"_ _3\"></span>ured entity that<span class=\"_ _36a\"> </span>is used to satisfy aw<span class=\"_ _3\"></span>ards granted to emplo<span class=\"_ _3\"></span>yees under selected share-based pa<span class=\"_ _4\"></span>yment schemes. As at the reporting date, the Group has no intention to provide financial <span class=\"_ _4\"></span>or other support to any <span class=\"_ _3\"></span>other<span class=\"_ _36a\"> </span>consolidated structured entity<span class=\"_ _4\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-69": {
   "value": "Group subsidiary companies <span class=\"_ _24c\"> </span>Country of <span class=\"_ _22\"> </span>Ow<span class=\"_ _c\"></span>nership interes<span class=\"_ _c\"></span>t <span class=\"_ _a8\"> </span>Ownership interest <span class=\"_ _53\"> </span>Func<span class=\"_ _c\"></span>tional<span class=\"_ _36a\"> </span>Name <span class=\"_ _24d\"> </span>incorporati<span class=\"_ _3\"></span>on <span class=\"_ _b9\"> </span>31 December 202<span class=\"_ _c\"></span>5 <span class=\"_ _a6\"> </span>31 December 2024 <span class=\"_ _142\"> </span>Curr<span class=\"_ _3\"></span>ency<span class=\"_ _36a\"> </span>Countrywide Assured plc <span class=\"_ _20d\"> </span>United K<span class=\"_ _3\"></span>ingdom <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _23e\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _10e\"> </span>Sterling<span class=\"_ _36a\"> </span>Countrywide Assured Lif<span class=\"_ _3\"></span>e Holdings Limited <span class=\"_ _214\"> </span>United Kingdom <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>00% of all share capital <span class=\"_ _5c\"> </span>100% of all share capital <span class=\"_ _a5\"> </span>St<span class=\"_ _3\"></span>erling<span class=\"_ _36a\"> </span>Countrywide Assured Services Limit<span class=\"_ _3\"></span>ed <span class=\"_ _24e\"> </span>United Kingdom <span class=\"_ _16f\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _23e\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _111\"> </span>Sterling<span class=\"_ _36a\"> </span>Countrywide Assured T<span class=\"_ _3\"></span>rustee C<span class=\"_ _3\"></span>ompany Limited <span class=\"_ _bd\"> </span>Unit<span class=\"_ _4\"></span>ed Kingdom <span class=\"_ _8a\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (1) <span class=\"_ _154\"> </span>100% of all share capital (1) <span class=\"_ _111\"> </span>Sterling<span class=\"_ _36a\"> </span>CASLP Limit<span class=\"_ _3\"></span>ed <span class=\"_ _24f\"> </span>United Kingdom <span class=\"_ _16f\"> </span>Dissolved  <span class=\"_ _175\"> </span>100% of all share capital  <span class=\"_ _16f\"> </span>Sterling<span class=\"_ _36a\"> </span>CASFS Limit<span class=\"_ _3\"></span>ed <span class=\"_ _bc\"> </span>United K<span class=\"_ _3\"></span>ingdom <span class=\"_ _8a\"> </span>100% of all share capital (2) <span class=\"_ _161\"> </span>100% of all share capital (2) <span class=\"_ _104\"> </span>Sterling<span class=\"_ _36a\"> </span>CASLP<span class=\"_ _4\"></span>TS Limited <span class=\"_ _136\"> </span>United Kingdom <span class=\"_ _16f\"> </span>100% of all share capital (2) <span class=\"_ _161\"> </span>100% of all share capital (2) <span class=\"_ _104\"> </span>Sterling<span class=\"_ _36a\"> </span>Regis<span class=\"_ _c\"></span>tered address<span class=\"_ _36a\"> </span>2nd Floor, 33<span class=\"_ _350\"></span>-<span class=\"_ _36a\"> </span>34 Winckley Squar<span class=\"_ _3\"></span>e, Pr<span class=\"_ _3\"></span>eston, Lancashire, PR1 3JJ, Unit<span class=\"_ _3\"></span>ed Kingdom<span class=\"_ _36a\"> </span>Movestic Livf<span class=\"_ _3\"></span>\u00f6rs\u00e4kring AB <span class=\"_ _1fc\"> </span>Sweden <span class=\"_ _101\"> </span>1<span class=\"_ _c\"></span>00% of all share capital <span class=\"_ _5c\"> </span>1<span class=\"_ _c\"></span>00% of all share capital <span class=\"_ _3d\"> </span>Swedish kro<span class=\"_ _36a\"> </span>Movestic F<span class=\"_ _3\"></span>onder AB <span class=\"_ _1e2\"> </span>Sweden <span class=\"_ _101\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (3) <span class=\"_ _1c2\"> </span>1<span class=\"_ _c\"></span>00% of all share capital (3) <span class=\"_ _104\"> </span>Sw<span class=\"_ _3\"></span>edish kro<span class=\"_ _36a\"> </span>Regis<span class=\"_ _c\"></span>tered address<span class=\"_ _36a\"> </span>Box 7<span class=\"_ _3\"></span>853, S<span class=\"_ _6\"></span>-103 99 St<span class=\"_ _3\"></span>ockholm, Sw<span class=\"_ _3\"></span>eden<span class=\"_ _36a\"> </span>Scildon N.<span class=\"_ _3\"></span>V. <span class=\"_ _250\"> </span>Netherlands <span class=\"_ _18f\"> </span>100% of all share capital <span class=\"_ _166\"> </span>100% of all share capital <span class=\"_ _a5\"> </span>Euro<span class=\"_ _36a\"> </span>W<span class=\"_ _4\"></span>aard Schade N.V<span class=\"_ _4\"></span>. <span class=\"_ _251\"> </span>Netherlands <span class=\"_ _18f\"> </span>100% of all share capital <span class=\"_ _166\"> </span>100% of all share capital <span class=\"_ _a5\"> </span>Euro<span class=\"_ _36a\"> </span>W<span class=\"_ _4\"></span>aard V<span class=\"_ _3\"></span>erzekeringen B.<span class=\"_ _4\"></span>V. <span class=\"_ _1fc\"> </span>Netherlands <span class=\"_ _18f\"> </span>Dissolved <span class=\"_ _1c6\"> </span>100% of all share capital (4) <span class=\"_ _162\"> </span>Euro<span class=\"_ _36a\"> </span>Robein Leven N.<span class=\"_ _4\"></span>V. <span class=\"_ _252\"> </span>Netherlands <span class=\"_ _18f\"> </span>100% of all share capital (4) <span class=\"_ _66\"> </span>100% of all share capital (4) <span class=\"_ _162\"> </span>Euro<span class=\"_ _36a\"> </span>Robein Effectendienstv<span class=\"_ _3\"></span>eriening N.<span class=\"_ _3\"></span>V<span class=\"_ _3\"></span>. <span class=\"_ _1d2\"> </span>Netherlands <span class=\"_ _8c\"> </span>100% of all share capital (4) <span class=\"_ _66\"> </span>100% of all share capital (4) <span class=\"_ _162\"> </span>Eur<span class=\"_ _3\"></span>o<span class=\"_ _36a\"> </span>Regis<span class=\"_ _c\"></span>tered address<span class=\"_ _36a\"> </span>Laapersveld 68 Hilv<span class=\"_ _3\"></span>ersum, Netherlands<span class=\"_ _36a\"> </span>(1) <span class=\"_ _14\"> </span>Held ind<span class=\"_ _c\"></span>irectly through Countrywide A<span class=\"_ _3\"></span>ssured Lif<span class=\"_ _4\"></span>e Holdings Limited.<span class=\"_ _36a\"> </span>(2) <span class=\"_ _14\"> </span>Held ind<span class=\"_ _c\"></span>irectly through Countrywide A<span class=\"_ _3\"></span>ssured plc.<span class=\"_ _36a\"> </span>(3) <span class=\"_ _14\"> </span>Held ind<span class=\"_ _c\"></span>irectly through Mov<span class=\"_ _3\"></span>estic Livf\u00f6rs\u00e4kring <span class=\"_ _4\"></span>AB.<span class=\"_ _36a\"> </span>(4) <span class=\"_ _14\"> </span>Held ind<span class=\"_ _c\"></span>irectly through <span class=\"_ _3\"></span>Scildon N.V<span class=\"_ _2f\"></span>.<span class=\"_ _36a\"> </span>W<span class=\"_ _3\"></span>aard <span class=\"_ _4\"></span>V<span class=\"_ _5\"></span>erzekeringen B<span class=\"_ _3\"></span>.V<span class=\"_ _2f\"></span>. was dissolved <span class=\"_ _4\"></span>on 31 December 2025. CASLP Limited was dissolv<span class=\"_ _3\"></span>ed on 1<span class=\"_ _4\"></span>4 January 2025.<span class=\"_ _36a\"> </span>Countrywide A<span class=\"_ _3\"></span>ssured <span class=\"_ _4\"></span>Service Limited (registered number: 02836237) and Countrywide Assured<span class=\"_ _36a\"> </span>T<span class=\"_ _2f\"></span>rustees Company Limited (registered number: 03505360) are e<span class=\"_ _4\"></span>xempt from the requirements of<span class=\"_ _36a\"> </span>the Companies A<span class=\"_ _4\"></span>ct 20<span class=\"_ _c\"></span>06 relating to the audit of individual financial statements for the <span class=\"_ _5\"></span>year ended<span class=\"_ _36a\"> </span>31 December 2025, by virtue <span class=\"_ _4\"></span>of Section 479A of the <span class=\"_ _4\"></span>Act. <span class=\"_ _2f\"></span>These subsidiaries are included in the<span class=\"_ _36a\"> </span>consolidated financial statements of Chesnara plc. Chesnara plc has pro<span class=\"_ _3\"></span>vided a guarantee under<span class=\"_ _36a\"> </span>Section 479C of the Companies <span class=\"_ _4\"></span>Act 2006 in respect of all outstanding liabilities of these subsidiaries<span class=\"_ _36a\"> </span>at the end <span class=\"_ _3\"></span>of the financial <span class=\"_ _4\"></span>year<span class=\"_ _5\"></span>.<span class=\"_ _36a\"> </span>The Emplo<span class=\"_ _3\"></span>yee B<span class=\"_ _4\"></span>enefit <span class=\"_ _5\"></span>T<span class=\"_ _5\"></span>rust was <span class=\"_ _3\"></span>established in the <span class=\"_ _4\"></span>year and is a consolidated struct<span class=\"_ _3\"></span>ured entity that<span class=\"_ _36a\"> </span>is used to satisfy aw<span class=\"_ _3\"></span>ards granted to emplo<span class=\"_ _3\"></span>yees under selected share-based pa<span class=\"_ _4\"></span>yment schemes. As at the reporting date, the Group has no intention to provide financial <span class=\"_ _4\"></span>or other support to any <span class=\"_ _3\"></span>other<span class=\"_ _36a\"> </span>consolidated structured entity<span class=\"_ _4\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-70": {
   "value": " <span class=\"_ _2\"> </span>I7 <span class=\"_ _6\"></span>Ev<span class=\"_ _3\"></span>ents aft<span class=\"_ _4\"></span>er the reporting per<span class=\"_ _4\"></span>iod<span class=\"_ _36a\"> </span>On 3 July 2025, the Group announced that it had <span class=\"_ _3\"></span>entered into an agreement to acquire HSBC Lif<span class=\"_ _3\"></span>e<span class=\"_ _36a\"> </span>(UK) Ltd (subsequently renamed Chesnara Lif<span class=\"_ _3\"></span>e (UK) Ltd), a specialist lif<span class=\"_ _3\"></span>e protection and inv<span class=\"_ _3\"></span>estment<span class=\"_ _36a\"> </span>bond provider in the UK f<span class=\"_ _3\"></span>or a total consideration of \u00a3260m, from HSBC B<span class=\"_ _3\"></span>ank plc.<span class=\"_ _36a\"> </span>The acquisition w<span class=\"_ _3\"></span>as funded through a combination of <span class=\"_ _3\"></span>existing internal cash resources (\u00a355.0m),<span class=\"_ _36a\"> </span>a draw<span class=\"_ _3\"></span>down from the Group\u2019<span class=\"_ _2f\"></span>s revolving credit f<span class=\"_ _3\"></span>acility and equity raised via a fully underwritten<span class=\"_ _36a\"> </span>rights issue.<span class=\"_ _36a\"> </span>The transaction completed <span class=\"_ _3\"></span>on 30 January 2026 and HSBC Lif<span class=\"_ _4\"></span>e (UK) Ltd (subsequently renamed<span class=\"_ _36a\"> </span>Chesnara Lif<span class=\"_ _3\"></span>e (UK) Ltd) became a subsidiary of Chesnara plc. <span class=\"_ _2f\"></span>The net assets <span class=\"_ _3\"></span>of the acquired entity are e<span class=\"_ _3\"></span>xpected to be between \u00a3285m and \u00a3295m and the subsidiary will be included in the \u2018UK\u2019<span class=\"_ _36a\"> </span>operating segment.<span class=\"_ _36a\"> </span>On 1<span class=\"_ _4\"></span>7 F<span class=\"_ _3\"></span>ebruary 2026, the Group announced that it has entered into an agreement to acquire 1<span class=\"_ _5\"></span>00%<span class=\"_ _36a\"> </span>of the issued share capital of <span class=\"_ _4\"></span>Scottish <span class=\"_ _5\"></span>W<span class=\"_ _c\"></span>idows Europe <span class=\"_ _4\"></span>SA, a Lux<span class=\"_ _3\"></span>embourg-based closed lif<span class=\"_ _3\"></span>e insurance<span class=\"_ _36a\"> </span>business, from <span class=\"_ _3\"></span>Scottish <span class=\"_ _2f\"></span>W<span class=\"_ _c\"></span>idows Limited (a subsidiary of Llo<span class=\"_ _4\"></span>yds Banking Group plc) f<span class=\"_ _3\"></span>or total cash<span class=\"_ _36a\"> </span>consideration of \u20ac1<span class=\"_ _8\"></span>1<span class=\"_ _4\"></span>0 million, subject to adjustment in accordance with the provisions of the <span class=\"_ _4\"></span>Sale<span class=\"_ _36a\"> </span>and Purchase <span class=\"_ _4\"></span>Agreement. <span class=\"_ _5\"></span>The impact <span class=\"_ _3\"></span>of this transaction on the net assets <span class=\"_ _3\"></span>of the Group cannot <span class=\"_ _4\"></span>yet<span class=\"_ _36a\"> </span>be quantified.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800VFRMBRTSZ3SJ06",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}